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 Replies: 10 / Views: 2,715 |
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Pillar of the Community
United States
558 Posts |
What is the ballpark percentage of greysheet price under Numismedia FMV?
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Valued Member
United States
297 Posts |
I think for the last 10 years it is ebay price vs. any published guide price. |
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Pillar of the Community
1028 Posts |
It's true that ebay has become a dominating force in price determination. To answer the original question, if I am going to have to give one ballpark figure across all grades in every series I'd say 15% less. Huge variance with that answer though |
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Pillar of the Community
United States
1704 Posts |
It truly depends on the series and the grade of the coins involved. There are some series' where the grey sheet is over priced and some it is grossly under priced. ebay is not a place to determine a coin's fair market value as too many factors are involved, poor photos and over grading to name a couple. Some of the dealers I know and trust have all but stopped using the grey sheet for pricing and are using the auction results of established coin auctioneers and none are using ebay auction results as they don't sell on ebay and have little regard for that web site for selling coins. Some set their retail price at some level as low as grey sheet bid and as high as ask for specific individual coins. The Coin Dealer Newsletter is intended for dealer to dealer wholesale transactions and the ask prices are historically approximately 10 to 15% below a dealers retail price. Most dealers will pay approximately 10% under grey sheet bid when buying from the general public if they are paying a fair price. There are some unethical dealers who pay much less. I occasionally sell coins on ebay and have never purchased one through ebay and I probably never will. With one exception, an 1899-O PCGS MS63PL Morgan dollar, I bought off of a web site I can't name here, I only buy coins at local coin shops, at coin shows, fellow collectors I know and from people who bring me coins at the flea markets I sell at. Ed ANA LM-3175 Collecting coins since 1966 |
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Bedrock of the Community
United States
20753 Posts |
Quote:I think for the last 10 years it is ebay price vs. any published guide price. That rather does say it all. No matter what any price GUIDE claims, only the actual sale price of a coin is the real price. |
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Pillar of the Community
United States
1348 Posts |
ebay is king. Before I go to any auction I check ebay prices for those specific coins. Before I put a bid in on any collection I buy I check ebay and ensure I'm not over paying.
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Pillar of the Community
United States
1704 Posts |
Quote:I think for the last 10 years it is ebay price vs. any published guide price. This would be true but for the fact that there is such a very small percentage of coin dealers selling coins on ebay. Most major coin dealers sell there coins on their own web sites or a web site I can't name here that all they have is coins for collectorS in a corner of the web. This web site is far superior to ebay and you don't have ebay's BS to deal with. Ed ANA LM-3175 |
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Pillar of the Community
United States
2936 Posts |
Even given its flaws ebay, along with the State Quarter program, probably has created more new generation coin collectors than any other venue. Sure there are times when we get snookered there, but I can say with a certainty that I have been snookered by brick and mortar coin dealers as well. I have had wonderful success (along with a very few failures), both buying and selling on ebay. The biggest factors to apply when in that virtual Coin World are knowledge and logic - knowledge being by far the most important. Although I occasionally buy from HA and dealers' websites, I still spend the lion's share of my time, and money, on ebay. (This is not a paid endorsement)  |
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Bedrock of the Community
United States
14454 Posts |
the thing is all of these are just a "guide". They are not some value set in stone they are just the the prices that has been realized in the past few months of the same type and date and condition and then averaged out to give you a estimated value of your coin on a regular day. There will always be exceptions where two buyers want the same coin and the price will go up just as there will be times when there is nobody out there looking for that particular item at that particular time and it will go for way less than usual. But if you use these "guides" as they were meant to be used you can at least get an estimated value of a certain coin in a certain grade. But short of someone building a spider that crawls around the net continuously collecting data from ebay and every other sale site on the net and sending it back to the main frame to update on the fly there will never be a guide that is close 98% correct at any given time |
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Pillar of the Community
United States
2335 Posts |
I'm not a huge fan of ebay's fees and policies but there is absolutely no doubt in my mind that it's a good reference source for pricing anything but the most extreme rarities. I don't care where major dealers sell their coins as long as their prices are competitive. |
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Valued Member
United States
421 Posts |
I sell a few coins every other week on ebay. I do go to local auctions week to week. There is a strong demand for coins at the local level. I got stuck in a bidding war for some large cents and ended up paying too much. I use the fmv guide here on the net. I also use photo-grades grading website to evaluate coins on ebay before I bid. I generally try and bid on low mintage date coins ie semi-keys or key dates when they come up. |
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Replies: 10 / Views: 2,715 |
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Posted 11/06/2011 8:44 pm
