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 Replies: 14 / Views: 2,256 |
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Pillar of the Community
Canada
2495 Posts |
Why haven't sellers on ebay of Canadian coins who list their coins for 'buy-it-now' prices of 80% to 100% learned yet that nobody is buying these? For 3 years now the market stinks, yet big sellers (one from BC) keep listing their coins for 100% of trends and if you check their history of completed sales on ebay, nothing (or an extremely low percentage) sells. Do they really think the market is as strong as pre-2009? I guess they don't mind sitting on 3 to 4 year old inventory. When I was self-employed (not in the coin business) turn over of merchandise (or inventory) was the key to staying in business. Maybe someone should send them a memo. |
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Valued Member
Canada
451 Posts |
They have the right to sell whatever they want for whatever they want. As long as it is legal and everything in that regards.
If you have an issue with their price, don't buy from them. It isn't like they are conning anyone. They just want the 100% trend price. Seems fair enough. If they start needing the money, then they will probably reduce their price.
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Pillar of the Community
Canada
3692 Posts |
Maybe to them it is not a business. They probably just want to sell the pieces at full value to the right collector.
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Pillar of the Community
Canada
3690 Posts |
I'm often amazed by what some ebay sellers ask. There is one in particular that always makes me laugh so much so that when I see a ridiculously overpriced item, I don't even have to look at the seller's id to know it was listed my her. But I assume the strategy is price high and hope you catch a fish. Bottom line is they can ask whatever they like but it's the buyer that set the price. I have made a few purchases for what I consider reasonable prices and have lost some auctions when the price exceeds my threshold; it's all part of the game.  |
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Rest in Peace
United States
9104 Posts |
I auctioned a scarce date 19th century coin, a weak VF. It brought about $100 over any XF guide price, including NGC and PCGS.
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Valued Member
Canada
146 Posts |
I've seen auctions that have started at .99 cents but asking $45.00 shipping to Canada. I agree with all statements above. The seller is going to ask whatever they want. If you don't agree with that price, you don't buy it or you privately send them an offer. That's worked for me on a couple of occasions.
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Valued Member
United States
467 Posts |
I'd be happy if sellers would post both sides of the coin they are selling. As far as prices go, coins that are priced according to the market will sell, and those that are not will not.
I think I know who the original poster is referring to. It does indeed seem like they are dwelling in the past, which is their privilege.
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Pillar of the Community
Canada
576 Posts |
If the coin is priced high but there's a Make an Offer option with it and you really want the coin what I find works is I'll include in my offer an url of a similar coin that's finished auction to help context its value. Usually the seller will take an offer if it's got a recent reference.
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Pillar of the Community
Canada
1984 Posts |
"I'd be happy if sellers would post both sides of the coin they are selling."
Posting a second picture in a listing costs $0.15 and takes an extra 30 seconds or so (to take it and upload it). If you are listing 50 items, the time requirement is not trivial. Also, you may have to list something 10 times to sell it. If it is a $5 item, blowing $1.50 on second photo listing fees may not be a wise investment.
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Pillar of the Community
United States
802 Posts |
Well according to the United States government we are doing better than before the 2009 crash, just look at the stock market... lol I know it's a joke!
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Pillar of the Community
Canada
1554 Posts |
 Nice to see new Members on here. I mentioned the same thing on a passing thread not long ago. I have seen a couple of E-bay sellers for the past five years> Coinmart and Canadagem2010 continuously list high grade coins with few sales over $200.00. I've heard that Dave Hunt who runs Coinmart has a lot of high end inventory which he is having a hard time moving. Especially, add to the fact that most of these expensive pieces were purchased prior to the 2009 market crash of coins and other "non essential goods". Can you imagine the loss some of these dealers have taken> OUCH! I find that J & M also have high prices and don't seem to budge from their 85% "make an offer" minimum. Lately though, I see Colonial Acres has been softening their buy prices, I think owners, Todd and Kirk have seen the light. I suppose the same will happen to the rest of us when it finally comes time to sell. We'll have to take the loss with a grain of salt! Glenn  |
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Pillar of the Community
 Canada
9865 Posts |
For a lot of these dealers sales of collectible coins to such as we is just icing on the cake.The volume of their bullion transactions is staggering.Their sales of RCM giftware and dealer to dealer sales also offset their need to sell at less than 80% of trends.There is no urgency for them to accept less at this time. |
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Pillar of the Community
Canada
1554 Posts |
 Here's a seller who's learned! He's listed this coin for the past two years (E-bay # 110809416684)and has dropped the price several times. Look what it finally sold for? Glenn  |
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Valued Member
Canada
227 Posts |
Like smallcentguy I think sellers should show pics of both sides of a coin. As much as I might want to purchase a coin I will not consider a purchase when I can only see half of an item. |
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Pillar of the Community
United States
1757 Posts |
Just different selling strategies ... even if you post 5 coins very high and the sixth coin starts at $0.99. Bringing sellers to you is half the battle on E-Bay. Lately I find that at best its nothing more than turning over your inventory ... profit making is difficult in most cases.
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Replies: 14 / Views: 2,256 |
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Posted 01/15/2012 12:45 pm
