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Why Do They Do This? (Ebay Pricing And Relistings)

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Author Previous TopicReplies: 19 / Views: 761Next Topic Page 2 of 2
Pillar of the Community
United States
893 Posts
 Posted 10/26/2020  11:46 am  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
There is a strategy called "List and forget." Just post it and let it relist indefinitely until something happens. Actually monitoring the listing and adjusting for that actual market isn't much of a consideration, just "list and forget." But yes, it results in some listings being up for years. My experience with talking with sellers is hit/miss, usually miss. It's a strategy for sellers with minimal urgency to turn over inventory.

(I will admit that I have some listings up that are not coins, old trading cards, which I've set a price that I am motivated to sell at. Its admittedly above market, just where my motivation stands. If someone cares to pay my price then great, otherwise I am very OK holding onto them.)
My hoard of '82s is up to 204! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 382 x 1, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 13, 1682 x 15, 1782 x 57, 1882 x 49, 1982 x 33
Valued Member
United States
171 Posts
 Posted 10/26/2020  12:21 pm  Show Profile   Bookmark this reply Add Morgan Nerd to your friends list Get a Link to this Reply
Personally, I never buy from eBay. I always buy from respected dealers and online websites. With eBay you have a very high chance of getting a fake coin, and they're even selling fake coins in fake NGC and PCGS holders! You can't even have confidence in slabs on eBay! For me, it's not worth the risk.
Pillar of the Community
Canada
3949 Posts
 Posted 10/26/2020  12:44 pm  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
Listing high is rampant in ebay. it is not restricted to Morgan dollars.
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United States
8096 Posts
 Posted 10/26/2020  12:51 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply

Quote:
Personally, I never buy from eBay. I always buy from respected dealers and online websites. With eBay you have a very high chance of getting a fake coin, and they're even selling fake coins in fake NGC and PCGS holders! You can't even have confidence in slabs on eBay! For me, it's not worth the risk.


You're missing out. Also, you have an almost zero chance of coming across fake holders. The only time you buy a fake is if you come across a too good to be true listing. eBay has some incredible coins for sale at competitve prices. Some of my finest coins have come from there. At the risk of sounding brash, quit being so paranoid. If you ever think you come across a fake just put it up here and ask. Worst case scenario you're wrong, best case the listing gets removed.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
Pillar of the Community
United States
635 Posts
 Posted 10/26/2020  12:56 pm  Show Profile   Bookmark this reply Add twslisa to your friends list Get a Link to this Reply
I think I know the one you mean, GrapeCollects! If you search "toned" and sort by highest price first, there are way too many like that.

I wondered about that, Collects82. Maybe those folks just love that coin so much they don't WANT to sell it unless someone is really ready to pony up.

Hi, Morgan Nerd. I always, ALWAYS check the certification to make sure it's legit. I caught one the other day (the seller had high ratings, too!) where the coin for sale was not the same coin as the number they gave for the cert. I really prefer it if they show a full picture of the slab so I can scan it and check that way. I might still end up with a DIFFERENT 1C coin, same date, same grade, but I also only buy from sellers who've been around awhile and have good ratings. If I get rooked that way I will report it.

Yeah, Oriole—the coin I used as an example is an Indian Head cent. I'm also watching a few nicely toned Barbers, though their prices aren't quite as outlandish.




Valued Member
United States
171 Posts
 Posted 10/26/2020  1:07 pm  Show Profile   Bookmark this reply Add Morgan Nerd to your friends list Get a Link to this Reply
It's just my preference to not buy from eBay. I'm sure there are many respected dealers there but yes, I am a bit paranoid!
Forum Dad
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United States
20984 Posts
 Posted 10/26/2020  1:11 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
So why are sellers DOING this—first, overpricing coins to such an extreme degree, and second, relisting them at the SAME price again and again, long after it should be clear nobody's going to pay that much?


Most of these are just sellers looking for offers. eBay forces them to put a BIN price with the Best Offer option. So they put in a ridiculous one so they can collect offers over time. Very common and effective strategy on eBay.
Pillar of the Community
United States
635 Posts
 Posted 10/26/2020  2:11 pm  Show Profile   Bookmark this reply Add twslisa to your friends list Get a Link to this Reply
Morgan Nerd, I hear you. Who are your favorite online dealers?

Bobby131313, Grapecollector started a thread about a Morgan whose non-toned value was between $200-300, sold for $32,900. And there's another one about cleaning coins where a guy bought a NICE gold coin for $102k and, ignoring all advice from experts, gave it a nice, glossy shine. I guess there are people with money to burn. Wish they'd burn it in my direction.
Valued Member
United States
171 Posts
 Posted 10/26/2020  2:21 pm  Show Profile   Bookmark this reply Add Morgan Nerd to your friends list Get a Link to this Reply
I like GovMint.com, APMEX, and LibertyCoin.com. I also purchased from National Collector's Mint years ago, but not anymore as their service and prices are pretty bad.
Forum Dad
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United States
20984 Posts
 Posted 10/26/2020  2:35 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
Bobby131313, Grapecollector started a thread about a Morgan whose non-toned value was between $200-300, sold for $32,900. And there's another one about cleaning coins where a guy bought a NICE gold coin for $102k and, ignoring all advice from experts, gave it a nice, glossy shine. I guess there are people with money to burn. Wish they'd burn it in my direction.


I don't see how your reply is relevant to my comment. I'm addressing the sellers that list "overpriced" coins like you speak of. You're talking about buyers overpaying and doing dumb things now. Different animal.
Pillar of the Community
United States
1507 Posts
 Posted 10/26/2020  6:47 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
Its a way of generating offers. You can always say no. If Something is worth $500 and I list it at $500, I will get offers of $450-$475 if that. If I list it at $850, I'll get offers of $550.
The collection is in your mind. Dispose of your albums and free your mind from the tyranny of holes.
Forum Dad
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United States
20984 Posts
 Posted 10/26/2020  6:54 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Yup, it's an extremely effective sales method but people get all riled up about it. Experienced ebay buyers will just offer what they want to pay, then buy it or move on.
Pillar of the Community
United States
635 Posts
 Posted 10/26/2020  10:41 pm  Show Profile   Bookmark this reply Add twslisa to your friends list Get a Link to this Reply
Sorry about that, Bobby131313, I think I was responding to a different post and got the posters confused. Not sure which one at this point.

Anyway, I can see asking more than the TPG value in order to elicit bids that come closer to that value. I can't see asking 36 times the market value. If they're that far out, I don't see much point in making an offer that's closer to market. It's obviously not what they want.
Bedrock of the Community
United States
20020 Posts
 Posted 10/27/2020  08:28 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Why not. If someone wants to pay that much, so be it.
just carl
Forum Dad
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United States
20984 Posts
 Posted 10/27/2020  09:46 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply

Quote:
If they're that far out, I don't see much point in making an offer that's closer to market. It's obviously not what they want.


Yes. It is. And it works. Like I said experienced ebay buyers will just offer what they are willing to pay, then buy it or move on.
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