| Author |
 Replies: 13 / Views: 2,293 |
|
|
Valued Member
Ireland
201 Posts |
Having been away from coins for over a year ( not by choice I might add ), I've been looking at ebay and am really surprised how few coins dated 1800 and earlier, and old tokens, are actually selling. To find this out I go to the ebay app and press Completed Listings. This shows what has and has not sold. I wonder if anyone else has noticed the reduction in sales. |
|
|
|
Bedrock of the Community
Canada
10743 Posts |
|
|
Pillar of the Community
United States
2189 Posts |
But according to our fearless leaders the economy is just fine. They wouldn't lie to us would they?
|
|
Pillar of the Community
Canada
3049 Posts |
I dunno about you all.. but I'm saving my pennies for the Geoffry Bell auction.. where I may have a chance to pick up some really interesting pieces that have taken over 20 years for this man to gather up.
|
|
Pillar of the Community
United States
4211 Posts |
I'm about afraid to buy about anything of reasonable value on ebay lately due to all the counterfeit coins out there...and I use to buy quite a bit there. |
|
Pillar of the Community
 Canada
5404 Posts |
Partly shows the changing landscape of the hobby.
|
|
Pillar of the Community
Canada
3049 Posts |
how do you mean Pac?
People are more reluctant to buy off e-bay ... or people are more reluctant to buy tokens?
In my opinion tokens are gaining quite the momentum... you were at the Landon auction yourself.. suprised by the action those first 30 or so lots got? I never saw them in hand but due to the estimates and the price realized.. I would say there was some interest..
Last year G. Bell's aution that had tokens all were going for good prices and this year I would expect the same... especially when it's his own collection stuff that hasn't really even seen the light of day for 20 years and hand picked by a very discernable individual...
|
|
New Member
United Kingdom
25 Posts |
IMO the reason coins on ebay are not selling is because the prices are too high. It would seem that the majority of coins at a fixed price (no bidding)are dealers in coins of some sort or another and of course they are trying for max prices ala' the Spink Catalogue. If they reduced their prices their coins will sell. It's the law of supply & demand! |
|
New Member
United States
7 Posts |
Peter99, I understand about the high prices on ebay. One reason is some sellers are buying on ebay and then taking the same coin and then pricing it online for quite a bit more. One example is: 1677 GOLD 5 GUINEA ENGLAND, EXTREMELY RARE, NGC XF DETAILS sold for 1025.00 Mar-05-15 ebay 1116131813031 and a half months later coinsdealer/globe coins has the coin up for $10,300.00 ebay 261859481073 That's quite a profit and very few are able to purchase this coin at that price. |
|
Pillar of the Community
United States
7632 Posts |
Anything will sell if the price is right.
High starting minimums and high reserves are the biggest detriments to selling something online. When items are listed under those conditions Sellers are looking for suckers, fools or uninformed Buyers.
If Sellers would accurately describe and photograph their items, start them at 99 cents (with no reserve) they'd see more bids and discover their item's true worth.
Unfortunately, "true worth" is not what most Sellers are looking for. They are looking for "max return".
|
|
Pillar of the Community
Canada
5404 Posts |
Auctions on ebay starting at .99 cents for a good coin are a bottom feeders paradise.Any smart dealer these days uses BIN best offer to cover themselves. Only a desperate for cash seller or someone who is not in the know uses ebay auction style 99 cent auctions. Pricing coins is an art and requires research and extensive knowledge of the market. Since we changed our listings to BIN best offer we have never done better. We very seldom ever use auctions any more. Any body can give coins away. Edited by Pacificoin
05/18/2015 12:40 pm
|
|
New Member
United Kingdom
3 Posts |
There are 2 different types of ebay buyers, those who Are informed and those who are'nt. Those that Are informed want to Buy as cheaply as possible for the same scenario as described above (so they can also add profit to their purchase should they sell 2 months later) Everyone who uses ebay wants something for nothing. Maybe try coin auctions and pay the prices there should you feel something is too expensive on ebay, because 9 times out of 10 a buyer will ALWAYS say its too expansive. High grade rare coins don't depreciate iin value, if they did no one would be buying them. Pacificoin is obviously doing the right thing, BIN with offers works, p.s, the 5 guinea above linked in the post is rare and at $1000+ was a steal, makes me wonder about its authenticity though at that price |
|
Pillar of the Community
United Kingdom
856 Posts |
My feeling is that the more experienced collectors have moved towards quality and away from scarcity.
In my own collecting area (Stuart hammered silver), although there is no shortage of material (metal detectorists have ensured this) most coins are of poor or mediocre quality.
And as Sweet suggested, people are buying elsewhere and marking up. But unless I really, really want a coin that sold say,through Heritage (in which case I would have bid for it anyway) I am not going to pay a lot more than I see it sold for last week.
Also, and this is a personal impression I've gained and not aimed at anyone here, US sellers often want far too much for 'old coins'. OK, nicer pre-1700 coins may be more difficult to source in the US (and so sell for more there) and one can also argue that the UK market is underpriced in some areas. But even so, why pay £800 for a slabbed coin when a similar from a UK dealer will set you back £300-£400?
.
Edited by Tom Goodheart
05/25/2015 08:51 am
|
|
Pillar of the Community
United States
937 Posts |
Quote:
But even so, why pay £800 for a slabbed coin when a similar from a UK dealer will set you back £300-£400? This is an example of Rule #7 Rule #7 of the great rules of life-- People are stupid. Rule #7 always applies. |
| |
Replies: 13 / Views: 2,293 |
|
Posted 04/14/2015 3:23 pm
