Coin Community Family of Web Sites
Like us on Facebook! Subscribe to our Youtube Channel! Check out our Twitter! Check out our Pinterest!
Username:
Password:
Save Password
Forgot your Password?


Welcome Guest! Need help? Got a question? Inherit some coins?
Our coin forum is completely free! Register Now!

Ebay Vs NGC Pricing Guide Vs Heritage Auction

First page | Last 15 Replies
 
To participate in the forum you must log in or register.
Author Previous TopicReplies: 28 / Views: 836Next Topic
Page: of 2
New Member
United States
49 Posts
 Posted 04/21/2021  1:12 pm  Show Profile   Bookmark this reply Add shug23 to your friends list Get a Link to this Reply
I'd like to hear more about your attempts at coin flipping, if you wouldnt mind sending me an email and then sharing with me your experience sometime, I may have a few questions...I am too new of a member to send you an email
Pillar of the Community
United States
2270 Posts
 Posted 04/21/2021  2:01 pm  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
For what it's worth, the only freakishly good deal I've gotten lately was on collectorscorner. The seller was just not up to date on current market, and was pricing by the book.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Valued Member
United States
248 Posts
 Posted 04/21/2021  2:09 pm  Show Profile   Bookmark this reply Add psuman08 to your friends list Get a Link to this Reply

Quote:
When you looked at EBay did you look at sold coins or coins for sale? There is a big difference.


This is the key when looking for prices on EBay. You can list an item for any price. What matters is what folks actually pay for.

The other part of a price/value (especially as a coin gets more expensive) as has been stated in this thread are the characteristics of the specific coins (strike, color, etc)
New Member
United States
36 Posts
 Posted 04/21/2021  2:21 pm  Show Profile   Bookmark this reply Add classic_coin to your friends list Get a Link to this Reply
No one buys from eBay. You buy from a seller, and you're both using eBay as the platform for the transaction. eBay isn't setting the prices, the sellers are.

Obviously, if buyers are paying more than NGC or HA, they're willing to do so, and it's NGC and HA that are inaccurate.
New Member
United States
49 Posts
 Posted 04/21/2021  2:39 pm  Show Profile   Bookmark this reply Add shug23 to your friends list Get a Link to this Reply
is there a public data base that shows the final sales data off of eBay?
Moderator
Learn More...
United States
99412 Posts
 Posted 04/21/2021  2:51 pm  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Not sure, but you can search eBay for completed sales to research historical pricing.
Pillar of the Community
United States
3036 Posts
 Posted 04/21/2021  3:10 pm  Show Profile   Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
EBay and Heritage are both selling platforms for sellers, so they should have comparable sold prices. However, one difference is that eBay sells both via auction and buy-it-now, while HA is basically just auction. BIN prices tend to be higher than auction because the seller is willing to wait for a buyer that will pay their price.

If you take your example of graded MS-64 1921 Peace dollars, most of the solds on eBay in the past 3 months were BIN. There were just 7 coins that sold by auction (all straight-graded) with an average price of $1085. There also happened to be 7 straight-graded MS-64 1921 Peace dollars that sold on Heritage in the past 3 months, and the average selling price (including buyer fees) was $1235. The numbers are small, but if you compare just auction sales for the same coin and the same time period, there's not much difference, and HA prices are actually a bit higher.
New Member
United States
49 Posts
 Posted 04/21/2021  3:42 pm  Show Profile   Bookmark this reply Add shug23 to your friends list Get a Link to this Reply
I am getting a lot of great information from you guys and appreciate it. I am a retired actuary and am intrigued about he possibility of building a model for arbitrage. It seems clear Heritage has a lot of public data available that can be sliced and diced in all sorts of ways. I 'think' the buyers on Heritage will be more sophisticated than eBay, but maybe I am completely wrong on this . I also think my Peace dollar example may be a bad one, as as has been pointed out, there is new 2021 activity ocurring.....I think maybe looking at some other coins' key dates.
Zurie..can you tell me how you know that most of the sales on ebay for the Peace dollar in grade 64 were Bin and that there were 7 sales on ebay through auction at $1085.....(Incidentally, I think median will be a better data point to look at vs, average, but that is not an important point to meat this moment)
New Member
United States
49 Posts
 Posted 04/21/2021  3:54 pm  Show Profile   Bookmark this reply Add shug23 to your friends list Get a Link to this Reply
If 9 coins sell for $100 and the tenth coin sells for $5100; the average price was $600, but you should really only expect to pay $100 for the typical coin. This is why median is the better statistic vs. average
Pillar of the Community
United States
3036 Posts
 Posted 04/21/2021  4:00 pm  Show Profile   Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
Filter your search on eBay for sold items, and you can then view either all listings, auction, or BIN. The 1921 Peace dollar example is fine as long as there isn't much price movement in the time period you're analyzing. Prices in general have been strong over the past several months, so looking back 3 years on Heritage would be a mistake. I doubt there is a consistent arbitrage opportunity between selling platforms, but there might be between buying carefully at auction (whether HA or eBay) and selling BIN.

ADD: Agree with your distinction between mean and median, but with this small sample size, median is problematic as well.
Edited by Zurie
04/21/2021 4:03 pm
Pillar of the Community
United States
1764 Posts
 Posted 04/21/2021  7:57 pm  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
I tend to rely on Numismedia for price data. 1921 Peace in MS64 currently shows $1040 with +9.47% last 30 days and +13.04% YTD, which seems to align pretty well with what others have said here. As far as sophistication, there are certainly more suckers on ebay than Heritage but the material Heritage offers isn't designed to sucker people either. I agree that many/most of the BINs on ebay are inflated, but so is all of the "make offer" stuff on Heritage. Sellers seem content to leave the bait in the water for months or years.
Pillar of the Community
Canada
4127 Posts
 Posted 04/22/2021  05:57 am  Show Profile   Bookmark this reply Add oriole to your friends list Get a Link to this Reply
eBay indicates if a BIN item was sold, but the original BIN price is not necessarily the sale price. Quite frequently the seller will accept a lower offer, but eBay does not tell you what the final sale price was.
Moderator
Learn More...
United States
99412 Posts
 Posted 04/22/2021  10:59 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
eBay indicates if a BIN item was sold, but the original BIN price is not necessarily the sale price. Quite frequently the seller will accept a lower offer, but eBay does not tell you what the final sale price was.
This is true. I always look at those with a raised eyebrow, knowing the listed price cannot be trusted.
Page: of 2 Previous TopicReplies: 28 / Views: 836Next Topic  
 
To participate in the forum you must log in or register.





Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2021 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2021 Coin Community Forums
It took 1.2 seconds to rattle this change. Powered By: Snitz Forums 2000 Version 3.4.05