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 Replies: 43 / Views: 2,576 |
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Pillar of the Community
United States
2844 Posts |
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/20/2023 01:38 am
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Valued Member
United States
361 Posts |
Whenever you have more buyers for coins than there is product, expect price increases. Buy the same token (pun intended), many Connecticut colonial coppers, with rarity of 5 and higher, now often go begging on eBay in low grades. 10, 15 years ago? No problem getting a decent buck for them.
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Pillar of the Community
United States
6099 Posts |
Don't buy on EBay. I rarely purchase on eBay and when I do I make an offer. The issue with eBay is that many of the people on there aren't dealers. They are hobbyist that could have overpaid or just believe items are worth more. If you do buy on eBay you should look for a dealer, and then look for there external website. Dealers will generally charge 10-20% less on their website.
Best yet pick up locally and pay cash.
Edited by hfjacinto
03/19/2023 8:05 pm
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Valued Member
United States
361 Posts |
I would really disagree about assessment of eBay... I mean, really. Feedback, for one, helps in cases of not being too sure of the Seller
Edited by Oldgrouchyguy
03/19/2023 10:40 pm
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Pillar of the Community
United States
1450 Posts |
Hi thq,
You are first potentially confusing listed prices with actual sold prices. Both of these have Make Offer available so the seller perhaps doesn't appear to know the approximate actual value and chose currently to list with a very high buy it now price to catch attention with make offer to get a feel for its value rather than do an auction either on ebay or another like heritage auctions/great collections. This is done to see if they perhaps can get more than what its likely actually worth.
Generally keep in mind that any price shown is simply an asking price as well so many of these listings may never sell at the listed price. This regularly gives people wrong impression on values when they go only by listed prices and don't have other methods to check a value. Its usually best to check sold listings for actual prices such as if you are casually looking for things to buy, Or if you sell often you can try terapeak or worthpoint to research product for actual prices and what competitors sell things for. Great when you also want to know what is good to list and at what prices they sell for.
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Pillar of the Community
Topic StarterUnited States
2844 Posts |
Sorry about the typo. I just caught it and changed it to 2020. I'm talking about a shift in the last three years, more or less from the start of Covid. The price shift for gold cc's is real, and is the same on dealer sites I use. eBay is just a good place to find examples. If I use dealers like APMEX I always go to their sites rather than use eBay, though I sometimes spot their coins on eBay first. No seller would take an offer 50% under their asking price. That's literally how much the prices have risen in three years. Maybe it's just the gold cc's? Interesting to hear that the Connecticut coppers haven't seen this kind of inflation. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/20/2023 01:56 am
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Pillar of the Community
Russian Federation
1341 Posts |
Don't forget about the fact that over the years the number of people who can spend a few extra dollars on their hobby increases. There are still many poor people in our world, but their number is slowly decreasing. The level of well-being in the world is growing. It's not for nothing that old Chinese coins are very, very expensive. I am sure this is due to the ability of the Chinese to spend yuan on the national coins of their country.
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Bedrock of the Community
United States
12963 Posts |
Ultimately, it's a manifestation of 'the marketplace'.
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Pillar of the Community
United States
4775 Posts |
Buy at auction. Those tend to go for close to grey sheet, plus the buyer's fee, whereas retail list prices can be 2x or 3x wholesale. Takes more patience than "Buy It Now", and you have to be willing to walk way if you can't get your price, but over time you'll get great deals
Edited by fenton
03/20/2023 07:32 am
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Bedrock of the Community
Australia
21179 Posts |
Inflation has much more to do with the health of the National economy than
with anything to do about the problem with eBay pricing.
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Pillar of the Community
United States
2899 Posts |
I do not think the increase in prices for CC gold can be solely attributed to Ebay greed. Less common and rare gold has caught on in popularity after COVID. Not sure if prices will ever decrease to pre-COVID pricing.
Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955Shoot me a PM if you are looking to sell bust halves. |
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Pillar of the Community
Topic StarterUnited States
2844 Posts |
I use the CNG and Sedwick auctions and have gotten some good values on ancients, colonials and UK coins. I have not been successful with US coin auctions. Like eBay auctions, I don't enjoy the push bidding and shilling. Over time I've reverted to bidding my maximum and walking away, win or lose. On US coins I usually lose, often to a snipe bid near the end. I'm not the only bargain hunter. There is a tremendous amount of high end CC gold available right now, more than I ever remember seeing at Northern Nevada. But four and five figure coins are not my play. Five years ago I could find circulated CC eagles and half eagles for under $1000. The prices of these coins over the last 25 years has been going up steadily. I would expect them to drop only in a depression, when other prices will deflate too. I bought them as historic collectables, with their bullion value as a hedge against deflation. Five figure AU55's have a lot further to drop than a cleaned F-VF. "Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
Edited by thq
03/20/2023 10:45 am
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Moderator
 United States
46012 Posts |
Quote:
Inflation has much more to do with the health of the National economy than with anything to do about the problem with eBay pricing. The word "inflation" has lots of meanings. The title of this thread is "coin inflation", and may not be directly related to the "health of the National economy" to much extent.
Show your support of the Coin Community Family (click here)See what CCF members have for sale (click here)See my collecting interest - (click here) |
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Pillar of the Community
United States
2362 Posts |
Perhaps we're at a bit of an equilibrium in Price and Demand as folks are hedging on inflation with coins and bullion. https://www.investopedia.com/terms/...y-demand.aspWhen will it end?...When demand drops...IF it drops. I don't shop for coins on ebay or anything else anymore. Perhaps the increase in prices are a result of ebay taking more money from the sellers. I find much better deals locally and sometimes on the major on-line coin dealers. Edited by dsking
03/20/2023 10:37 am
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Pillar of the Community
United States
815 Posts |
Price increases have been massive since Covid on many types. Morgans and Peace dollars are another example. Not just on eBay. Check Heritage or Great Collections. |
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Pillar of the Community
United States
815 Posts |
Just checked a 1921 Peace dollar on Numismedia in MS63. Current FMV $1,060. Old price Jan 1st $519. |
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Replies: 43 / Views: 2,576 |
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Posted 03/19/2023 8:04 pm
