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How Much Should I Be Willing To Bid For This Ebay Cherrypick?

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Pillar of the Community
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1272 Posts
 Posted 09/18/2020  12:21 pm Show Profile   Bookmark this topic Add SamCoin to your friends list Get a Link to this Message
I am new to ebay cherrypicking for varieties. I have found one listing on ebay of a variety coin that the seller does not appear to be aware of. The coin has a listed value of about $60-$80 graded in the same condition (though this one is raw). I think other bidders are also aware of what it is, since eight other people have already placed bids on a fairly unremarkable coin in pretty poor condition (roughly G06-VG10, though I'm not a very practiced grader). What would be a reasonable max bid? I was thinking of putting a $22 max bid on it, which would bring it to a total of $25 with shipping.
My best finds:
1996 DDO-001/FS-101: http://goccf.com/t/372066
Two 2000 WAMs in a box: http://goccf.com/t/375240
1995 DDO-001/FS-101: http://goccf.com/t/376071#3225244
Edited by SamCoin
09/18/2020 12:24 pm
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United States
1829 Posts
 Posted 09/18/2020  1:31 pm  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Without giving away too much, it would be handy to know what the coin is--cent, nickel, dime, quarter, etc.? Safe to assume the seller has posted superb photos?
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 Posted 09/18/2020  1:36 pm  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
We can't tell you anything without seeing the coin.
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 Posted 09/18/2020  1:42 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
I must agree.
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 Posted 09/18/2020  1:45 pm  Show Profile   Bookmark this reply Add nfine to your friends list Get a Link to this Reply
I understand that you don't want to reveal too much and risk losing the "cherry pick" but with the limited information provided the best I can offer is to bid what you're comfortable bidding. Good luck!
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Canada
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 Posted 09/18/2020  1:54 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
You will probably not be the only "FIN" circling the water! .
There are few secrets out there!
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United States
831 Posts
 Posted 09/18/2020  1:59 pm  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
If there are 9 people already in on the otherwise unremarkable coin and it only takes 2 to cause a bidding war, I'd venture to guess that a max bid of ~1/3 the estimated value is unlikely to win. Maybe you get lucky? Happens to me once or twice a year, but usually on foreign stuff that was completely miss labeled, beyond just cherrypicking a variety.
My hoard of '82s is up to 202! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 13, 1682 x 15, 1782 x 56, 1882 x 49, 1982 x 33
Edited by Collects82
09/18/2020 4:58 pm
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 Posted 09/18/2020  2:09 pm  Show Profile   Bookmark this reply Add SamCoin to your friends list Get a Link to this Reply
My question is mostly "how much of the graded price is a raw example in the same condition worth"? I don't want to bid $50 for a coin that would be worth $65 if I spent $50 to send it to PCGS, but is only worth $15 raw. Coin is a silver Washington quarter.
My best finds:
1996 DDO-001/FS-101: http://goccf.com/t/372066
Two 2000 WAMs in a box: http://goccf.com/t/375240
1995 DDO-001/FS-101: http://goccf.com/t/376071#3225244
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United States
135 Posts
 Posted 09/18/2020  2:39 pm  Show Profile   Check silverstash119's eBay Listings Bookmark this reply Add silverstash119 to your friends list Get a Link to this Reply
My advice, and I'm not really a seasoned eBayer either, If you want the coin for $60, then I'd use that as my max bid. I usually wait until the last 5 seconds of the auction and swoop in (sorry if I've been that annoying guy to any of you in the past). If you bid a max of $60, and the last bid was $22, I'm fairly certain you'd get it for $23. So, bid up to the maximum you'd be comfortable paying. I'd wait till the last couple seconds so you don't drive the price further.
Edited by silverstash119
09/18/2020 2:39 pm
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 Posted 09/18/2020  4:37 pm  Show Profile   Bookmark this reply Add Bret to your friends list Get a Link to this Reply
When it's over, please provide a link to the auction.
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 Posted 09/18/2020  5:38 pm  Show Profile   Bookmark this reply Add helpmethanks to your friends list Get a Link to this Reply
good dont link anything yet yesterday I made a post about a 1984 DDO and some guy bought it quick lool never again
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 Posted 09/18/2020  6:41 pm  Show Profile   Check Collects82's eBay Listings Bookmark this reply Add Collects82 to your friends list Get a Link to this Reply
If you need to make a profit at $60, and would have to slab and sell on eBay to get $60, you probably don't want to be over $15. EBay would take $9, and the slab could be around $35. Hope the buyer pays shipping on the flip.
My hoard of '82s is up to 202! 218 BC x 1, 118 BC x 3, 18 BC x 1, 82 x 1, 182 x 1, 282 x 2, 582 x 2, 682 x 1, 782 x 2, 882 x 1, 982 x 4, 1082 x 1 1182 x 8, 1282 x 2, 1382 x 1, 1482 x 5, 1582 x 13, 1682 x 15, 1782 x 56, 1882 x 49, 1982 x 33
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199 Posts
 Posted 09/18/2020  7:41 pm  Show Profile   Bookmark this reply Add captaincoffee to your friends list Get a Link to this Reply
If by "listed" you mean Red Book values, you should not expect to get that when you sell the coin. Those are retail prices and not actually accurate for that either. You should find examples of what the variety (correctly listed) is actually selling for on eBay in that condition before doing your calculations. $60-$80 might be more like $45. Prices in the CherryPickers Guide should also be taken with a grain of salt.
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 Posted 09/18/2020  8:27 pm  Show Profile   Bookmark this reply Add SamCoin to your friends list Get a Link to this Reply
@captaincoffee I'm going by PCGS's price listings for the variety. Obviously not 100% reliable, but tend to at least be based on real auction sales figures.
My best finds:
1996 DDO-001/FS-101: http://goccf.com/t/372066
Two 2000 WAMs in a box: http://goccf.com/t/375240
1995 DDO-001/FS-101: http://goccf.com/t/376071#3225244
Pillar of the Community
United States
1272 Posts
 Posted 09/18/2020  10:55 pm  Show Profile   Bookmark this reply Add SamCoin to your friends list Get a Link to this Reply
Auction in question (I didn't win - decided my max was $20 + shipping, and got outbid by someone's autobid) https://www.ebay.com/itm/1943-S-San...ewaIncw%253D

My best finds:
1996 DDO-001/FS-101: http://goccf.com/t/372066
Two 2000 WAMs in a box: http://goccf.com/t/375240
1995 DDO-001/FS-101: http://goccf.com/t/376071#3225244
Pillar of the Community
United States
1687 Posts
 Posted 09/18/2020  11:34 pm  Show Profile   Bookmark this reply Add Petespockets55 to your friends list Get a Link to this Reply
Sorry to hear you were outbid. The winner had a secondary bid amount ready to go if someone outbid his lower amount. Lots of people follow that seller.

BTW-That coin is a DDO, correct?
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