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Do They Ever Sell Any At These Prices?

 
 
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United States
17 Posts
 Posted 01/09/2019  12:19 pm Show Profile   Bookmark this topic Add John K to your friends list Get a Link to this Message
I am in the process of looking at all the higher priced Canadian & Newfoundland coins on eBay. I found quite a few high grade type coins that are of interest and at prices I feel are in the ballpark.

But what I find hard to believe is the huge number of newer common coins in mint condition that sellers are asking $400 and higher. Like 1964 $1 coin, common date large cents, common date nickels, etc. Why would you spend all that time listing something that is grossly over-priced? I doubt they sell any but interested in your opinions.
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United States
1297 Posts
 Posted 01/09/2019  12:21 pm  Show Profile   Bookmark this reply Add Alpha2814 to your friends list Get a Link to this Reply
Advertising. It's a draw to the rest of their inventory.
Working on: Peace dollars (two to go), US type (early Bust era), Indian quarter eagles, Chinese pandas, and San Francisco tokens.

"Fear is the enemy of will. Will is what makes you take action; fear is what stops you, and makes you weak."
-- Sinestro to (my avatar) Hal Jordan, "Green Lantern" (2011)
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United States
17 Posts
 Posted 01/09/2019  4:02 pm  Show Profile   Bookmark this reply Add John K to your friends list Get a Link to this Reply

Quote:
"Advertising. It's a draw to the rest of their inventory."
*** Edited by Staff to add Quote tags. Please use them in the future. ***

For me it has the opposite result. When somebody is offering stuff at 30 times actual value, it makes me want to stay far far away.

I have no problem when they have a vintage coin in perfect shape that they are asking above Trends. I do that with really rare old lures in perfect shape. But common 1960s $1 for $100-$400?! I mean they made a lot of proof like sets those years and most of the coins are still really nice shape.
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United States
19666 Posts
 Posted 01/09/2019  4:10 pm  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
Most of them have best offer enabled and are just looking for offers. eBay forces the seller to also put in an amount so they put one no one will pay and collect offers.
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