Are Rising Silver Prices Causing Price Retardation For Mercs

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

Author	Replies: 6 / Views: 1,129
jmkendall Pillar of the Community United States 1590 Posts	Posted 09/22/2012 2:41 pm I was perusing the ebay listings for dimes when I noticed a pattern; many dimes were selling for less than melt( when you don't add the shipping cost to the final bid). Just out of curiosity I looked up the completed listings for 1924 Mercs. Now I picked sold prices for coins in the "G" category. In July the price averaged about $5. In August the price averaged about $4 Today the price is averaging about $2.50 Remember these are sold prices not asking. I was doing this as I was about to list some Mercs and Barbers and was wondering how much MORE I would be getting now. Frankly I am surprised. Think I will do some more research. Anyone else seeing this? Report this Post to the Staff

jmkendall Pillar of the Community United States 1590 Posts	Posted 09/22/2012 3:07 pm I just pulled two other dates and came up with the same trend.... I did notice that supply is up about 10 percent over early July. But since when has SUPPLY and DEMAND affected common date pricing? lol Report this Post to the Staff
Tim Stroud Pillar of the Community United States 2661 Posts	Posted 09/22/2012 3:44 pm I have been picking Mercs and Barbers up locally in the $2.25 to $3 range since silver passed $30. Before That I was getting them for around $1.75 to $2. I don't do a lot of ebay so I can't say either way on that issue. Report this Post to the Staff
Pertinax Pillar of the Community United Kingdom 2133 Posts	Posted 09/22/2012 3:47 pm I'm wondering whether shipping costs are masking the true sale price. Some sellers inflate the ship cost and I think that gets reflected in a lower sale price. Are these valuations excluding 1924D and 1924S ? A 1924 might be worth the same as a 1924D and a 1924S in G, however if collectors of Mercs in say VF-30 might be more prepared to buy a 1924D in G to fill the gap than a 1924. Are these valuations for the same level of feedback ? Buyers might pay less for a coin from a seller with 60% feedback than from a seller with 99% feedback. Report this Post to the Staff
jmkendall Pillar of the Community United States 1590 Posts	Posted 09/22/2012 4:00 pm Yes, I just polled 1924P. I might look at specific grades later. Mind you I was using MY definition of Good, rather than the sellers description. So I pulled up all 1924P as my starting point and went from there. Melt right now is about $2.50. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 09/22/2012 4:34 pm Quote: I'm wondering whether shipping costs are masking the true sale price. Some sellers inflate the ship cost and I think that gets reflected in a lower sale price. Without seeing the listings that is entirely possible. I have no problem with sellers charging priority shipping rates or whatever if they actually ship that way, but some sellers do over charge for shipping to get more money which just ends up lowering the price people will pay for the item Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 09/22/2012 4:50 pm Whenever there is a significant rise in the silver price the market gets flooded with silver coins. Fantastic opportunity for collectors, Not so hot for sellers. It's that old Chestnut supply and demand kicking in Report this Post to the Staff
	Replies: 6 / Views: 1,129

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

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

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

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!

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 0.22 seconds to rattle this change.