Changes In Buying On E-Bay

I wonder how many Coin Community Forum members catch the bidding fever and push some of the closing bid numbers up--just get caught in the frenzy of 'I gotta have that coin!'...? Human nature at play.

sad to me since I have purchased many hundreds of coins this way and the faucet has turned off. All good things come to an end I suppose.

i saw those price guide values also. I was valuing at what a shop might pay for it. Probably would straight grade but who knows.

I'd give it a couple years or so. Prices eventually correct themselves.

That particular coin, with the odd coloring and the poor photos, I didn't think would surpass $120. There are many other nice examples with even colors that sold for significantly less than $325. These were my observations prior to the auction closing.

I personally don't find the descriptive term "bottom feeders" appropriate in this circumstance, especially when poor photos are involved.

More buyers and sellers with more demand would result in less bargains.

Dont know why you would whinge about it.

You have to also consider the past two years have triggered a renewed interest in tangible assets as a storage of value and preserving wealth. The chaos in the financial markets during the pandemic renewed investor appetite for tangible assets like rare coins that you can see, hold, and pass on physically and privately to your heirs. Both the number of sales of rare coins and the prices paid for rarities exploded higher over the past two years industry-wide. With that higher demand, supply has dwindled and thats part of what you are seeing, and also far less of the quality graded coins I see available. As those are picked up, then its possible to even start to see the lower grades also picked up for the same reason as a store of value.

There will always be 'bargains' for those searching, but the specific ones you seem to have concentrated on have limited supply and are desired in this environment, so its just a sign of them being more snatched up in quality condition. I also agree that modern coins have more bargains available as not all collectors find them to be good longer term investments. This is because a top pop graded coin does not mean that some of the millions not yet sent in for grading due to the fees may turn up in that same or even higher condition lowering the value. Older coins at this point probably have many of the better examples found. There is also far greater supply generally of moden coins so there may be less buyers at any given moment than whats being listed allowing for some bargain buying.

I'm a fan of the ebay auction. I've had some success with the last minute bidding frenzy as long as you know your max price and you stick to it. Trying to lowball in that final minute almost never works because someone else out there has likely placed a higher limit on their bid.