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 Replies: 2,403 / Views: 204,902 |
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New Member
United States
39 Posts |
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Pillar of the Community
United Kingdom
8334 Posts |
Good example, igor22!
Something I don't get is why so many of these people persist in asking ridiculously high prices. The average person generally does NOT spend $150 or $225 on a coin. The only person likely to spend that sort of money on a coin is a serious collector, and they will know it's worth 25 cents!
Yesterday I came across an eBay ad offering a circulated 1981 British 2p coin for £150. I emptied my change jar, fished out an identical coin, photographed it and stuck it on eBay for 99p including postage (the minimum I could sell it for without actually making a loss). In the description I wrote:
Look on eBay and you will see 1981 2p coins for sale for ridiculous prices. I've seen some advertised for £150.
Honestly, who on earth would pay £150 for a 1981 2p coin?
Would you pay £3,750 for a pint of milk?
If you needed to post a letter, and your friend had a second-class stamp in his wallet, would you pay him £4,950 for it?
You see a brand-new Dacia Sandero car on a dealer's forecourt. The price sticker in the windshield says £59,962,500. Or you could put down a deposit and then pay £675,000 a month. Would you buy the car?
Of course not. Well, all of those are equivalent to paying £150 for a 1981 2p coin!
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New Member
United States
39 Posts |
Quote:
Of course not. Well, all of those are equivalent to paying £150 for a 1981 2p coin! NumisRob That is absolutely hilarious! Over the course of a couple of months last year, I had inquired as to how these sellers come to the values they have for the outrageously priced coins. I was really surprised with my findings, and ultimately discovered a scam outside of the usual selling platforms that involves mainly common modern coins....which I'm sure is also being implemented using common modern European coins. Im not very knowledgeable in the subject of European coins, despite having a small collection of European pieces, I wouldn't know the values of any of them off the top of my head to save my life. So I guess the overpriced listings are targeting the persons that are "Less Than Knowledgeable" of the pieces they are dealing with, or the seller had come across bad information leading them to believe differently.
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Valued Member
United States
385 Posts |
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New Member
United States
39 Posts |
LOL....The seller must have gotten a bunch of messages informing him/her that the common quarter with environmental exposure damage was not "Extremely Rare" as they claim....the listing has been removed. I'm just curious...What was the heading of this listing?
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Forum Dad
United States
21224 Posts |
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Pillar of the Community
United States
916 Posts |
This nonsense with these sky-high prices would immediately stop if eBay starts charging a daily listing fee: the longer your coin is for sale, the more money you pay just to list it. The faster you sell your coin, the lower the fee. THAT would provide an incentive for people to lower their prices so they sell quickly.
Edited by NumisEd
03/03/2021 10:10 am
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New Member
United States
39 Posts |
NumisEd I completely agree with you. I find it interesting that eBay cracked down on the fake Chinese items that were flooding the listings a handful of years ago, and the over priced hand sanitizer/disinfectant cleaners....but it is okay for common/damaged coins listed as "Extremely Rare" with obnoxious high Buy It Now prices that are targeting the persons that are not knowledgeable enough to know better.
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Valued Member
United States
380 Posts |
I rarely look at "Buy it Now" listings because of high prices. But the auctions have gotten just as bad with high minimum bids. eBay needs to reward sellers that have auctions that get bids, and charge a extra fee for those that never get a bid. That would be about 95% of all auctions!
Most days, I look at all the world coin auctions that are about to close. Except for junk silver lots, most of them never get a bid. There are only a handful of sellers of world coins that start their lots under a $1 and offer free or reasonable shipping. They do just fine as I bid on many of their items but only win a few. It is not an "auction" when the minimum bid is full retail (or worse!)
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Pillar of the Community
United States
2186 Posts |
CRH Nickeloholic. 1,300,000 nickels searched in five years! Already have found THREE complete Jefferson sets!
Edited by John77
03/03/2021 5:27 pm
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Forum Dad
United States
21224 Posts |
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Someone's begging to get their account removed, methinks What rule did he break?
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Pillar of the Community
United States
2186 Posts |
Quote:
What rule did he break?
Ha ha, very funny! 
CRH Nickeloholic. 1,300,000 nickels searched in five years! Already have found THREE complete Jefferson sets!
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Pillar of the Community
United States
2186 Posts |
Quote:
Something I don't get is why so many of these people persist in asking ridiculously high prices. The average person generally does NOT spend $150 or $225 on a coin. The only person likely to spend that sort of money on a coin is a serious collector, and they will know it's worth 25 cents!
Yesterday I came across an eBay ad offering a circulated 1981 British 2p coin for £150. I emptied my change jar, fished out an identical coin, photographed it and stuck it on eBay for 99p including postage (the minimum I could sell it for without actually making a loss). In the description I wrote:
Look on eBay and you will see 1981 2p coins for sale for ridiculous prices. I've seen some advertised for £150.
Honestly, who on earth would pay £150 for a 1981 2p coin?
Would you pay £3,750 for a pint of milk?
If you needed to post a letter, and your friend had a second-class stamp in his wallet, would you pay him £4,950 for it?
You see a brand-new Dacia Sandero car on a dealer's forecourt. The price sticker in the windshield says £59,962,500. Or you could put down a deposit and then pay £675,000 a month. Would you buy the car?
Of course not. Well, all of those are equivalent to paying £150 for a 1981 2p coin!
Honestly, this is brilliant! Great job, NumisRob!
CRH Nickeloholic. 1,300,000 nickels searched in five years! Already have found THREE complete Jefferson sets!
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Valued Member
United States
68 Posts |
You sure get a lot of pictures for the money.
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New Member
United States
39 Posts |
Quote:
What rule did he break? The only issue I see is the extremely high price, but that isn't a violation that I know of....it's not like the seller claimed the coin was uncirculated or in MS condition.
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Replies: 2,403 / Views: 204,902 |
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Posted 03/01/2021 03:21 am
