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 Replies: 19 / Views: 2,977 |
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Pillar of the Community
United States
1511 Posts |
This can't possibly be real at this price can it? I mean it's WAY under spot! There's a bunch listed this cheap, I just can't imagine there real... At all... http://www.ebay.com/itm/221105950489/#ht_500wt_922I just don't get why he accepts returns, as most fakes do not, and it's only a dollar... + $4ish shipping... So it's not like he'd make much... I figured most fakes were key or at least semi key expensive dates? Why would someone counterfit cheap(er) coins? Edited by NathanASE
08/20/2012 10:22 pm
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Pillar of the Community
United States
1208 Posts |
That one is real.
The bid is low, but it will get bid up before the auction is over.
You cannot buy it for that price.
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Moderator
 United States
16677 Posts |
Real. Just wait till auction end. At or over melt.
swcoin.ecrater.com
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Pillar of the Community
 United States
1511 Posts |
Ok, thanks alot, that makes sense, people bid it up at the very end, but theoretically if you caught everyone else in the world sleeping you could get it under spot, way under? (although it'll never happen) ... It just confused me with the $1 reserve, I'd think people would keep a higher reserve in the event someone got it for a few dollars. I'll have to keep watching them just to see what they go to... I'm still not comfortable buying coins off of ebay.. To scared I guess. So what does someone look for in terms of fakes? Would the "no returns" be an obvious "no no"? Or is it all in what the coin Itself looks like? The add? Something else? |
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Pillar of the Community
United States
1590 Posts |
If you want to get something under spot, you might try Commems. I stopped selling them because the last three I sold, sold for a bit less than spot.
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Moderator
United States
16677 Posts |
When I posted last, $1.25
Now, $20.50
swcoin.ecrater.com
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Pillar of the Community
United States
3486 Posts |
Oh Nathan! You MUST watch this auction until the end and learn from it. Just for the education. ebay is one of many sources for coins. I joined over a decade ago and my total purchases are --- 35! Give or take. And maybe 5 or so were non-coin purchases. "I'm still not comfortable buying coins off of ebay.. To scared I guess." It took me 5 years after I signed up before I made my first purchase. So, it is not at all rare to be scared. As being scared evolves into cautiousness you might try to wet your feet a bit and start to bid. A small purchase to begin with. Just do what you are comfortable doing. |
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Bedrock of the Community
United States
14454 Posts |
Sometimes you can get more for a coin starting it at .99 with no reserve than you would be able to get starting it out at 20.00. Its just the way the auction thing works but its a gamble but allot of times it works out better for the seller especially when the coin market is hot
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Pillar of the Community
 United States
2448 Posts |
Interesting point Bryan. The psychology of "bidding" has been studied for years and it seems that when one feels he's in on the ground floor (99 cent bid) of a great deal, he'll stick around and fight for the prise. I've noticed that when I used the 99 cent starting point, I get a lot more bidders. It may also mean that there are more in the market at that price than when it's initial offering is $20. After all, we're all out to score a real bargain.  |
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Pillar of the Community
United States
8516 Posts |
As carbuncle says, I too noticed long ago that if you want more, start the bid at 99 cents with free shipping. I was watching an 1877 Indian Head cent just a week or so ago and the guy had the starting bid at 999.99. A beautiful coin but not a soul bid on it as the time expired. He immediately relisted it on a one day sale and started it at .99 cents. It sold at 1,475.00. People love bidding and WINNING. Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
United States
36710 Posts |
People never like being out bid and tend to go higher than they normally would. The .99 start gets the dealer cheaper listing fees and sparks some active interest.
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Pillar of the Community
United States
1511 Posts |
Thanks a lot everyone. You all make excellent points! I've bought alot off of ebay, just never coins, too worried I'll end up with a fake. Most of the things I buy are buy it now or the bid starts at the reserve.. So I didn't really think it through when I saw such a low starting bid. Great point about making it lower to get more.. That makes a lot of sense opposed to posting a high reserve, I can see how it'd work. I'm not really looking to get them under spot.. Just bargin hunting like all of us,  That coin in the link looks nicer than a spot priced coin to me, I'd be happy to have that at spot! But then again it could be my inexperience eye... I inherited 3 CC GSA Morgan's (1882, 83 & 84) and there what got me started collecting, aka "hooked", But I'm not really looking for MS coins (Morgan's at least... Or at least not yet, I can upgrade later when I hit the lotto  lol) but I personally rather like old coins with some circulated wear, I just can't help but wondering who's held it or what was bought with it... anyways, I'd be very happy to have that 84 in my collection for under $25... I'm curious to see where it goes or if it stays there. |
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Pillar of the Community
United States
8516 Posts |
Haha, half of the forum members probably have it on their watch list now.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Edited by 52Raymo
08/21/2012 11:25 am
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Pillar of the Community
United States
8516 Posts |
......and no, I wouldn't snipe what a fellow member posts.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
United States
17884 Posts |
Quote:
but theoretically if you caught everyone else in the world sleeping you could get it under spot, way under? (although it'll never happen) .. Never say never, while it is unusual it DOES happen. |
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Pillar of the Community
United States
8516 Posts |
Nathan, did you get it ?
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Replies: 19 / Views: 2,977 |
Posted 08/20/2012 10:38 pm
