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Silver Coin Question / Opinion

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Author Previous TopicReplies: 6 / Views: 1,293Next Topic  
Pillar of the Community
SilverTracker's Avatar
United States
589 Posts
 Posted 06/07/2013  12:34 am Show Profile   Bookmark this topic Add SilverTracker to your friends list Get a Link to this Message Number of Subscribers
Please tell me if this logic is correct I have. I go on numismedia and see a silver roosie in good condition is 3.68. Suppose I see a coin on ebay for this same roosie and same condition , am I to assume that I should bid no more than 3.68 for it? Or do I have to figure in melt value as well.

Please no answer that says if you like it just buy it. I am trying to figure the best way to understand this from both a numismatic value and melt value. Thank you as always for your responses. John
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 06/07/2013  12:40 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
The numismedia guide is a final price price guide. Their prices are pretty accurate but not always dead on. ebay completed listings for common items are a good gauge too.

But in regards to your question no you dont add melt value on top of the numismedia price, theyve already included that in their pricing
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Foxwoods Man's Avatar
United States
4901 Posts
 Posted 06/07/2013  06:54 am  Show Profile   Bookmark this reply Add Foxwoods Man to your friends list Get a Link to this Reply
You also are throwing in another unknown...Ebay.

I have sold and bought MANY coins on ebay and there is no way you can accurately predict what a coin will sell for...but, as you said, "see it listed for $3.88" will get you in the ballpark anyway. Use the "completed sales" tool and get an average. It is more accurate for current prices that collectors are willing to pay rather than a static number on a list.

That coin might go for $2.89 or $5 but putting your max bid at what you think it is worth might snag it for less...(and, obviously, it is always worth at least its melt value)
Edited by Foxwoods Man
06/07/2013 06:55 am
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n9jig's Avatar
United States
997 Posts
 Posted 06/07/2013  07:40 am  Show Profile   Bookmark this reply Add n9jig to your friends list Get a Link to this Reply
I concur with Foxwoods Man. ebay throws a wildcard into the mix. The price a coin (or any other item) goes for in auction there is not always based on value, but rather on the desire of the purchasers. I use it as one reference among many to determine what I would pay for something but would never use it as a definitive price guide.

Any book or Internet listing is obsolete before it is published but are useful in determining relative values. Melt value obviously does not include any numismatic value so use that as a bare minimum value of a coin, the value goes up as condition, rarity and demand increases.
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Jayman931's Avatar
United States
2651 Posts
 Posted 06/07/2013  11:17 am  Show Profile   Bookmark this reply Add Jayman931 to your friends list Get a Link to this Reply
If I see a coin that I am putting in my Dansco I will overpay for it. I am selective on its eye appeal and what I think it grades at. Its hit or miss.
New Member
United States
48 Posts
 Posted 06/08/2013  03:10 am  Show Profile   Bookmark this reply Add HarveyJMartha to your friends list Get a Link to this Reply
Selling your coins on ebay might be a cakewalk, however choosing the price of your listing definitely isn't. Search on a few sites for the price of coins like yours, average it and quote that as the start price of your bid. Too high price often discourage bidding. You may also want to use the ‘reserve price' facility wherein you can, say keep the hidden price as $2.89 and the bid-starting price as $3.89. This is one of the ways people use to stimulate bidding....
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basebal21's Avatar
13014 Posts
 Posted 06/08/2013  03:48 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply
I wouldnt use reserve prices for something that low, last time I checked it was a dollar or two to use that feature per listing
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