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 Replies: 19 / Views: 3,356 |
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Pillar of the Community
United States
3283 Posts |
From my limited expierence with best offer deals on ebay, sellers will take 10-15% off without question. That puts you at $75-$80, still a bit higher than I would pay; but I'm not aspiring to own this coin, and there in lies the crux of your question. What are you willing to pay and how bad do you want it. It is a desired date and tough to abtain coin in this condition. Seems too simple but that is what it boils down to. |
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Pillar of the Community
United States
7840 Posts |
I don't like the term "undercut" when it comes to numismatics, I prefer "haggling". Bargain with him, try to get yourself a better deal, ultimately, the item being haggled over is only worth as much as the buyer is willing to pay. It does not cost anything to haggle, except your (and their) time.
Edited by oih82w8
11/20/2011 09:27 am
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Pillar of the Community
United States
797 Posts |
Like others have said, another coin will come along if you lose out on this one, but I always try to take in the overall eye appeal and how it matches the others in my particular set. Often a coin that is graded similarly to others in my sets may have a completely different "look" to them and still others may fit in perfectly with a set I have. If the coin is in a grade that I desire and has the luster or toning or wear (or whatever criteria you consider) that fits in with my set then I may pay a bit of a premium because I want that coin a little more than one that doesn't mesh with my set as well. I don't want a coin to stick out just because it was a good deal.
So I would come up a price that you desire to pay for the coin on an individual basis and then if you place that bid/offer you can sleep easy knowing that you didn't miss out on a "deal", nor did you miss out on a nice coin for your collection at a fair price.
Edited by spaceace
11/20/2011 10:07 am
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Valued Member
United States
209 Posts |
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Valued Member
United States
467 Posts |
In BIN's I leave room for 10%, so if the price is close to what I would pay I would offer 85-90% of that to start the negotiatings. Lowballing is an insult IMO. Most times I won't even counteroffer lowball offers on BIN.
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Pillar of the Community
 United States
520 Posts |
I do not low ball offers. I think that you guys are misunderstanding me and think I am trying to rip people off and such. I guess my wording came off wrong. I am not a scammer, cheater, lowballer, or what not. I am an honest, low income student that is attempting to make a good set with the money that I do have. It is tough to do it and I am a very picky collector, but I feel like I might as well not even collect if I am going to make a terrible set. It sort of defeats the purpose.
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Valued Member
United States
209 Posts |
Quote:
I do not low ball offers. I think that you guys are misunderstanding me and think I am trying to rip people off and such. I guess my wording came off wrong. I am not a scammer, cheater, lowballer, or what not. I am an honest, low income student that is attempting to make a good set with the money that I do have. It is tough to do it and I am a very picky collector, but I feel like I might as well not even collect if I am going to make a terrible set. It sort of defeats the purpose. I've been reading most of your threads and I no your not a scammer or lowballer, I understand you just want to find a good deal on coins...arnt we all...but anyways dont get disapointed about making a good set, coin collecting takes time and money so have patience, if you didnt get a deal on a coin dont worry, youll find a better deal, it wasnt meant to be. Your 20, and a low income student, I'm 18 going to start school and have a part time job, just save your money and forget trying to start a set. Your still trying to figure out what you want to collect and what kind of sets, to me you sound confused and it may discourage you from collecting..but dont get discouraged. Start by collecting simple coins, VG pennys or Buffalo nickels just to get into collecting and learn about all the types, mints, errors key dates so on...Its good that you want to collect coins that will be an investment but work your way up to the better coins or more expensive. Would you get a Ferrari as your first car? probably not cause you have no experience with it, you have to gain experience and work your way up, just start somewhere and be happy. Like the forum says "Education is the key to a collectors success" I'm just trying to help you out for the good, just remember "you gotta start somewhere" |
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Bedrock of the Community
United States
14454 Posts |
I know I have overpaid a time or three on coins I felt at the time I just couldn't live without. In situations like those you just have to figure out how much the coin is worth to you and go from there. I always figured since I had no plans on selling the coins I am the one who needed to figure out the coins worth. What may be worth 100.00 to one person may not even be worth 75.00 to another. I have to admit when I first read your thread it sounded like you were trying to get a rip instead of paying what the coin was worth because of the words you used like "undercut from what its actually worth" that just sounded like you wanted to get the coin for less than you would want for it if you were the seller. If I was mistaken I want to apologize but it was the wording that brought me to that conclusion. Allot of us end up selling some coins in our collection to pay for other things even though we may not have planned on doing that when we purchased the coins and to be a seller and have someone try to get a coin for far less than its worth is just a slap in the face to the collectors that do have to sell.
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Pillar of the Community
United States
2150 Posts |
Quote:
Allot of us end up selling some coins in our collection to pay for other things even though we may not have planned on doing that when we purchased the coins and to be a seller and have someone try to get a coin for far less than its worth is just a slap in the face to the collectors that do have to sell  |
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Pillar of the Community
United States
520 Posts |
Cafe and Bryan, you guys are both correct. I know that I can be very impatient at times, and I guess a lot of that sort of comes from this generation of "instant gratification." I can get ansy sometimes on my collection and just think I can finish it so much quicker than I really can. Its a terrible habit that I need to fix. I guess when I stay on this forum so much, I see what everyone else is getting and it really makes me want to make my collection good. Another issue I am running into is the fact that I have such high standards with my collections and am extremely picky. This has been a major problem with me. I guess I just need to slow my collecting down and focus more on patience and enjoying the hobby. Thanks for all the help guys. I dont have many friends my age at all, that understand anything about coin collecting. A majority of people I run into at coin shows or stores are at least 30-50 years older than me haha..
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Valued Member
United States
209 Posts |
Its ok to have high standards but dont let that interfere from buying or collecting other coins, coins arnt always perfect, not everyone can buy perfect coins, some are cleaned some are damaged, just be happy and apprciate what you come across because alot of people would enjoy what you have, collect as much as you can cause the price will always go up..up..up.. and awayyyyyy...its ok to be picky just dont pass up the good deals
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Pillar of the Community
United States
3755 Posts |
Cas, your verbiage is just fine. Undercut is the same as bidding low. In any haggling one always undercuts the price. If you dont, you are a plain fool.
Now, as I am trying to do a penny book, that would be a coin I would consider. However, it is borderline as to wether I woud like that with the others from that time period I have. Personally I would not pay more than 70 for that particular coin, so starting at 60 and seeing where it goes from there would be my approach. But thats me.
And when it comes to buying something like a coin or any other collector, you can never have too high of a standard. You may have too high of a standard for your wallet, but never too high in general.
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Valued Member
United States
421 Posts |
Ok I don't want to yet yelled at but I looked up the coin and FMV seems to only be $65.55 in xf and $95.45 in au 50. And from what I have learned in here even those prices are a bit high. So what the seller is claiming is that this coin is closer to Au and not xf. If this was me I would make an offer on this coin around $55.00. Did you look around to see what other 11-s in xf were asking on e-bay. http://www.ebay.com/itm/PCGS-1911-S...em1c20f6e5a0http://www.ebay.com/itm/1911-S-NGC-...em20bea36683http://www.ebay.com/itm/1911s-Linco...em336e89421aOk I found these on the first page of searching 11-s in xf. I particular like the 11-s raw for the bid of like $12.50. That one gets you some room to bid if you want. Heck I might go after that one for my set. |
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Pillar of the Community
United States
716 Posts |
After reading this entire thread, I would just like to say that on an internet forum such as this sometimes it is difficult to communicate exactly what you mean. Its not the same as face-to-face verbal communication where you can observe facial expressions,listen to the tone of their voice, etc. One wrong word can lead people to misinterpret the whole meaning of your statement, which may lead to deserved or undeserved criticism. Be concise and clear with your wording to minimize misunderstanding. Also, I think it is a good idea not to be to critical of what people first write until you fully understand what they are trying to communicate.
Just one person's opinion.
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Moderator
 United States
15489 Posts |
Well stated beaglebailey and with your sentiment. I truly admit that my initial reaction to the OP post was a negative one ... the words simply implied rip-off to my simple mind. Here at the CCF family we know the OP and know that he is just seeking advise on how to bid ... so I reinforce the need to be mindful of the dangers of internet communications ... and give due opportunity for folks to explain their intentions before assuming the worst. David |
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Replies: 19 / Views: 3,356 |
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Posted 11/20/2011 09:26 am
