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 Replies: 27 / Views: 4,403 |
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Pillar of the Community
United States
2443 Posts |
Mycrob, can you list and examples of how good you did with these bulk buys? Also, welcome to the forum!
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Pillar of the Community
United States
2600 Posts |
If it looks like a duck, and sounds like a duck, guess what. It is exactly what you should do with ebay bulk lots. Jim  |
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Moderator
 United States
23731 Posts |
I've bought several large lots of coins and was happy with what I bought. Keep in mind that in this example they list 125 lbs in silver. Unless they have weight the lot with all the books and holders removed, the total weight is going to be a lot less than what is listed.
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Pillar of the Community
United States
2602 Posts |
I echo echizento. When buying bulk lots, you have to read the description carefully, ask questions, ask for more photos, avoid newbies. A 125 lb large lot that is largely in holders, folders, etc is meaningless, as the folders and Dansco albums carry a lot of (worthless) weight. This means you need to ask clarification questions from the seller. I cannot comment in this public forum about my bulk lot purchases, but I have done very well. You do have to be careful and do not overbid. My mind set is, if I lose this one, another one will come along. And guess what, another one does come along. I have won maybe 10+ large lots on ebay by being patient, doing my homework and not overbidding. I have won a large lot from the seller alluded to in the first post and it was absolutely spectacular. |
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Rest in Peace
United States
3730 Posts |
I did this twice.
Got about what I paid for, but the benefit was the surprise in not knowing what I would find.
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Pillar of the Community
Australia
3831 Posts |
Sometimes you can't just take everything out there as a junk. I actually got myself a pile of heavily corroded Russian copper coins, yes you read it right - HEAVILY corroded which didn't come out cheap but what's suprising is that there is a coin in there which could possibly end up to be one of the scarcest coins out there. In fact currently there are no coins other than one mentioned in a catalogue and it seems more rare than anyone expected. No value is noted at the moment due to it's rarity. It's a 1795/88 MM 1 kopek over 1788 1 kopek over 1762 1 kopek for those who are interested. That kind of overstruck coin is really scarce. Slabbing companies will hate such labelling   Seems like a hopeless coin isn't it? Well you can't just diss corroded coin lot either  My partial coin collection http://www.omnicoin.com/collection/gxseriesMy numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htmRegularly updated at least once a month. |
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Pillar of the Community
United States
2602 Posts |
Edited by mycrob
01/10/2008 11:25 am
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Pillar of the Community
United States
749 Posts |
Wow! Love those Morgans! I'm really aching to start my Morgan collection soon...this auction? too rich for my blood..but thanks for the link mycrob
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Pillar of the Community
United States
6326 Posts |
If it sounds too good to be true........ it probably is !! (oldie but goodie)
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Pillar of the Community
United States
2602 Posts |
That seller is reputable. I've purchased from them and you get exactly what's described. I do think that their reserves tend to be too high. They run at least one medium to large auction almost every week and they almost always sell. I am watching this one to see if it sells, because they probably put this one up due to the high gold price and maybe they are hoping that someone will get overly excited. I have almost no doubt that the reserve on this one will be quite high- maybe $25K. At that price, there is no way you could break it down and make a profit.
I sure could use the 85CC in my collection.
Edited by mycrob
01/10/2008 5:10 pm
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Pillar of the Community
United States
1571 Posts |
$22,700.00, and setting! Reserve not met. Now we know what the Indians do with the money they win, (GET), from the casinos! "We DO NOT accept PayPal". Paypal is the ONLY way I BUY ON ebay. No exceptions. In this type auction, it is understandable that the bidders are kept un-piblished. Dick |
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New Member
United States
13 Posts |
I have bid on a few bulk coins on ebay. and I have had some come in really good. I do not get in on the ones that are graded already since I like to take a look through them before sending them off. I have had a few high dollar coins in the some of them. The best luck I had was 4 50c that we valued around 300 each. |
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Valued Member
United States
231 Posts |
There are a lot of bulk lot deals out there that are wonderful. I replenish my store inventory on a regular basis using ebay. The trick is to stay away from the dutch auctions (more than one of the same item available in the auction), these are usually junk. With the big lots, theprice is higher and fewer people can afford the investment. Usually they are all the same, like 1000 Barber halves and only a small percentage of people really need 1000 barbers, so the bid may stay low. I frequently gamble on low feedback sellers. People avoid them like the plague and when they don't use a reserve you are usually able to get a great deal. I have been pretty lucky with this. I missed one the other day that broke my heart. 6 1oz. Gold Panda coins went for under 1000.00 The seller only had 7 feedback, but had been on ebay for four years. I watched it, but was away from the house when it ended and had forgotten. Good luck and whatever you do, check for a return policy. Most of them are usually pretty good about it. |
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Pillar of the Community
United States
2602 Posts |
That auction ended yesterday at $23,170 reserve not met. Personally, I like dutch auctions. I've gotten some great coins from dutch auctions. I won a silver lot dutch style a few weeks ago that was loaded with BU coins. I bid as if it were all junk buillion, but came out way ahead. So not all Dutch auctions are junk.
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Valued Member
United States
136 Posts |
As a newbie I'd not bid. Not because I don't know about grading etc but because I feel that NOBODY is foolish that sells on ebay. If you are smart enough to post auctions there, you are not going to take less than what the item is worth; when you are talking MONEY, you know that even if they are uneducated in this area (and look, it's doubtful anyone with a "collection" is totally uneducated) they'd at least add up the face value and tack on their fees and overdo the shipping. So the way I see it, the very most you are probably going to get is "what it's worth". However, occassionaly there might be a knucklehead on ebay who's giving up something valuable. But what are the odds of that? Like winning the lottery? That's my opinion anyway. |
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Posted 11/15/2007 3:44 pm
