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 Replies: 10 / Views: 1,858 |
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Valued Member
United States
364 Posts |
I have finally figured out why there is so much over grading on e-bay. I buy and sell coins for myself. I buy for my collection and sometimes if I see a good deal I buy and resell. The problem I am having is when I go to sell a coin If I dont bump the grade up 1 tier from what I think it is it will sell for next lowest grade. In other words , I have a coin that I think is XF,If I list it as XF I get VF money for it. If I list as AU I get XF money for it. Almost every time. I don't sell to rip people off, I just want fair value for my coins. I am not talking retail, I mean just Fair market value. I am an honest seller and would not think of ripping any-one off. Just my 2 cents on E-bay. My ebay ID is soroch12345 if you want to see what I mean. |
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Moderator
 United States
23522 Posts |
As a buyer, I bid a grade low, just like you say. I do it because I know the seller is quoting it a grade high. See what I mean? Which came first?
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Pillar of the Community
United States
1173 Posts |
When it comes to grading, Sellers are optimists, Buyers are pessimists. It's the same with every collectible, as far as I can tell, and the exact same people have no problem flip-flopping between the two viewpoints. It's just human nature, and not a measure of dishonesty. (The dishonest folk take it to a whole 'nother level.
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Pillar of the Community
United States
1984 Posts |
I agree with you roach, but I wouldn't say it's THE problem with ebay, just A problem with ebay, and one easily addressed by market forces. I don't blame you a bit as coin grading is just marketing, slabbed or unslabbed. |
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Moderator
United States
23522 Posts |
The list of problems with ebay is as long as your arm. Of course, some of those problems are also the advantages.  |
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Pillar of the Community
United States
1283 Posts |
It's for this reason I only buy certified coins on ebay. If it's a lower cost, raw coin I buy it from a dealer. |
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Valued Member
United States
459 Posts |
Regardless of what the seller claims the grade is; if large, clear, hi-res, photos are provided and a reasonable return policy, the seller will always realize the "fair market value" at the time the listing is completed. Sellers must also acknowledge all of the other variables including feedback, S/H, time of listing, and accuracy of listing.
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Valued Member
 United States
364 Posts |
Very true benji, maybe I will start putting high res pictures and no estimated grade from now on. Fair market value after all is what the market is willing to pay for something. I worry that not enough will look at it to produce that "market" that is needed (ie enough potential buyers to look at a given coin)
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Valued Member
United States
459 Posts |
You always have the options of BST boards, auction houses, or sell direct to local dealers.
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Pillar of the Community
United States
2254 Posts |
quote:
I worry that not enough will look at it to produce that "market" that is needed (ie enough potential buyers to look at a given coin)
If I may, I would suggest using all of the characters/spaces that ebay allows you. I don't see US or coin in any of your listings. Right there are two very large search words. O would also re-word quite a few of them as some words aren't needed at all. "in", "on", things like that will probably never be searched for.... Just my opinion of course. |
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Valued Member
United States
54 Posts |
I've never attempted to grade raw coins for ebay auctions. I refer bidders to the photos and ask them to judge the grade for themselves. I do the same when I sell slabbed coins from TPGs other than one of the top 4. |
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Replies: 10 / Views: 1,858 |
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Posted 08/18/2007 12:55 pm
