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 Replies: 34 / Views: 5,053 |
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Pillar of the Community
United States
5839 Posts |
All right, I had budgeted myself around $1200 to buy a coin and was trying to decide between a Barber half dollar in PR63 (any year) or a 1932D Washington quarter in MS61. Both coins list in NumisMedia for $1250, so I figured I could probably find one I liked for the right price. While searching ebay, I came across this example of a 1932D Washington quarter: 1932-D NGC Certified MS-62 Mint State US Silver Washington quarter Dollar Note that this is an MS62 coin, which lists in NumisMedia for $1400. The seller's asking price was only $1195. Since he include the "Make an Offer" option, I decided to go ahead and offer $1100, just for the heck of it. And I was very surprised when my offer got accepted later that day. I checked the cert number at NGC, and it certainly seems to be legit: http://www.ngccoin.com/certlookup/i...=3652037-008The seller has uniformly positive feedback, but only around 300 sales and hasn't sold many expensive coins (I did see at least one coin he sold for $1500, however). I'm hoping I managed to get a really good deal, but I can't help thinking about the old, "If it seems too good to be true..." maxim. I know I can always return it if there is a problem, but I'm just wondering what you guys think. Did I miss some obvious warning flag, or is it possible I just really did get a great deal? |
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Pillar of the Community
United States
4897 Posts |
Personally, think you did well. Assume you used paypal? Raises the question how many "positives" does one need to feel secure? 300 sounds reasonable to me. I do, however, understand the anxiety you feel....spending $1100 on anything makes me feel the same....
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Pillar of the Community
 United States
5839 Posts |
Yep, definitely used PayPal.
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Pillar of the Community
United States
898 Posts |
Not looking into much more than you provided, I think you did well. Congrats and that's a nice coin.
Keeping it slabbed or cracking it out?
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Pillar of the Community
United States
2815 Posts |
Well, it looks like you did really well. I hope you keep it slabbed. Let us know when you get it. The one thing I would be nervous about is just waiting for it to arrive. Did he ship this via registered mail?
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Pillar of the Community
United States
5839 Posts |
Quote:
Did he ship this via registered mail? Supposedly. His boilerplate language states that "Purchases over $1000 will be shipped by USPS Registered Mail." The seller is actually local, so it looks like the coin will arrive today or tomorrow based on the tracking information (it's currently "out for delivery", but the mailman has already come and gone today). |
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Pillar of the Community
 United States
5029 Posts |
Sounds like you got a nice coin and good deal on it. Big purchase so nerves are expected. Love to see some pics when you get it...
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Pillar of the Community
United States
5839 Posts |
Will do! I've had a heck of a time taking decent photos of slabbed coins, though, so no promises...
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Valued Member
United States
470 Posts |
I think you over paid but experience will come in time as you learn how to haggle and fine tune your negotiating skills. Your opening bid should have been lower say $875. I'm sure you could have got it for $950-975. When sellers take your first bid quickly, it usually means you over paid.
Sellers with the option to "make an offer" usually price their goods 20-25% higher so that there is room for negotiating. When you came in with a high offer, he gladly took it.
Best of luck as you learn the dance of the haggle.
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Pillar of the Community
United States
8137 Posts |
to go along with what Andrew said, you do not want to go too low, or the buyer will not counter with a lower price.
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Pillar of the Community
861 Posts |
Edited by g048406
10/28/2014 3:55 pm
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Pillar of the Community
United States
5839 Posts |
Wow, I didn't realize the market for these had softened so much! I guess that explains why he accepted my offer so quickly...
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Pillar of the Community
United States
4691 Posts |
Last reported auction sale of NGC MS-62 was in July on Great Collections went for $969. Last sale of PCGS MS-62 reported sale was in September on Heritage, also under $1,000. So to answer your question it was not a great deal. Don't kill the messenger.
If the seller offers returns, you may want to consider this.
Edited by jimbucks
10/28/2014 6:02 pm
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Pillar of the Community
United States
919 Posts |
Make sure you not only compare price but coins as well. If the coin you selected looks better then the others that have sold recently then you did fine. To pay $100 extra for a coin with a better strike or better look is well worth it. Not all MS62's are equal in look or price.
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Pillar of the Community
United States
1018 Posts |
I bought an 1864 l Indian head from this seller a few years back. It was raw and graded au 58 by the dealer. NGC graded it 63rb. He has a website as well. Trusted seller
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Pillar of the Community
United States
3755 Posts |
You did fine. You paid less than value. Just because the last couple people selling these coins got rooked on an auction doesn't mean a thing. Also as stated, how do those coins stack up to the one you got?
As a seller, I answer offers as soon as I can. So a fastresponse is ZERO indication of whether you overpaid or not. And if I were selling that coin and you offered 875 on a coin that lists at 1400 that I am selling well under that already, the response would be a fast reject.
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Replies: 34 / Views: 5,053 |
Posted 10/28/2014 11:53 am
