Ebay Sets Value Of Coins? - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 3 / Views: 1,428
renovo New Member United States 12 Posts	Posted 03/14/2007 5:49 pm I realize if my mind can ever be changed, its from the people in here, so here goes... I read the post from hunterga20 that said he feels like a lamb with the wolves on ebay, and I agree. The problem is, I can't help but to feel that that's the way of the world now. My problem is this. I cannot help but to feel that ebay now sets the standards of coin (and thousands of other things) values. For instance. If a (completely hypothetical) 2001 Sac dollar is worth $5.00, yet they repeatedly sell on ebay for $12, aren't they worth $12? What this theory has instilled in me is that if I were to find a coin that I wanted on ebay, the going price is the highest bid. And our justified in buying it.. I realize there are some obvious exceptions. People spending hundreds on washington dollars' "errors" jumps at the top of that list. But overall, doesn't ebay now at the very least hold a iron fist on coin pricing? Report this Post to the Staff

lou b New Member United States 37 Posts	Posted 03/14/2007 6:41 pm Sure ebay sets a price on coins these days, but go to a dealer that is well established in a fair sized town and see what he gets for the same coin you have been interested in. I think you will find he will ask pretty much book for any coin in the shop. I've been dealing with one here and he gets out his Coin Prices mag and has no problem asking just what the book lists any given coin for. When he buys, its the grey sheet. I've gotten some fantabulous buys on ebay, but you have to be careful to choose established sellers and do not bid more than you are really willing to pay. Do not get in a bidding war. The last coin I purchased was from Heritage in a live auction in New York. I got a 1799 Anacs vf 30 dollar for $ 1700. I dare say no dealer in the USA would have done that. What it comes down to is that the people are setting prices,the people that are buying, not selling. I don't think that can be bad. Report this Post to the Staff
Learjet Pillar of the Community Australia 655 Posts	Posted 03/14/2007 8:04 pm I reckon we need another coin pricing book. An ebay one. Although they do say in our Ozi coin book that auctions may only reach 2/3 book value. 1/2 to 2/3 is about what I've seen on ebay. I've picked up some coins for 1/4 - 1/3 book value. And yes the dealer here also has no problem getting out the book and that is the price I must pay. This drives me to the land of ebay wolves to take me chances! Report this Post to the Staff
SsuperDdave Moderator United States 23522 Posts	Posted 03/14/2007 8:54 pm quote: What it comes down to is that the people are setting prices,the people that are buying, not selling. I don't think that can be bad. Quoted for great truth. ebay is just a venue where the numismasheep come to be fleeced, buyers and sellers both. It's on you to decide which side of the shears you're on. Report this Post to the Staff
	Replies: 3 / Views: 1,428

To participate in the forum you must log in or register.

All Forums Category: eCommerce and Online Auction Forums Forum: eCommerce | eBay, eCrater, Heritage, Paypal, Auction Houses, etc.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

View Last 100 New Topics

View Last 100 Active Topics

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 - 2026 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

It took 0.17 seconds to rattle this change.