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 Replies: 11 / Views: 1,930 |
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Pillar of the Community
 United States
5953 Posts |
When selling Raw coins no price is to be given either from a price guide or personal opinion.
I see more and more sellers writing prices on the 2x2 For the most part these prices are fantasy prices for the coins pictured.
Are they breaking the rules by writing the price on the 2x2 and showing it in the picture?
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Pillar of the Community
United States
1283 Posts |
nohope587, excellent question! It seems they will always find a way to find a loophole. I'm willing to bet ebay hasn't even considered that. But, IMO, the right thing is not to let them. |
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Pillar of the Community
United States
2443 Posts |
I think it is against the rules to write the price on the holders.
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Rest in Peace
Australia
661 Posts |
Please enlighten an 'unenlightened collector' from Australia, but what is WRONG with putting a price on an item (coin) that you want to offer for sale.  Surely offering something for sale without stating a opening bid is counter-productive. regards, Edited by muckeye
12/28/2007 04:54 am
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Pillar of the Community
 United States
5953 Posts |
In An effort to stop people getting ripped off the new ebay USA rules as of October do not allow prices to be posted for raw coins. This is an effort on eBays part to cull Fraud. In the past sellers could post a coin give it a fictitious grade and list the PCGS list price for it. The unaware and uninformed would get stung. You may still list a numeric grade in the body of the auction not the title but you must not list a price guide or personal opinion of the coins value. If I were under hand. I could put a $3 G4 coin in a 2x2 write EF and $79 on the outside of it. Then post a bad picture on my auction in the hope some one would fall for the scam. I know people should buy the coin and not the hype but there are always people who don't follow the rules and loose out. I personally ignore any grade mentioned. If the coin is pictured clearly then I assign a grade and bid accordingly. If there is a bad picture I will look at the sellers past auctions. If all the pictures are bad I will assign a best guess grade then bid two grades lower. If the bad picture is a one off alarm bells ring and I ignore the auction. |
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Pillar of the Community
United States
5953 Posts |
There is nothing wrong with listing an auction start price you just can't say "I think this coin is worth X Dollars or PCGS.com lists this coin at X Dollars in G4"
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Rest in Peace
Australia
661 Posts |
I get the impression from reading this thread that too many US buyers are jumping on the ebay sales wagon with too little knowledge of their hobby. Surely a good basic knowledge of coin grades and prices would prevent any necessity to have these kindergarten like regulations. It must make it difficult for genuine sellers. And for the people who buy goods without having any basic knowledge or understanding of them, well Mr. Barnum had a good expression for them. Thanks for the replies. regards, |
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Moderator
 Australia
16857 Posts |
Absolutely. If you think it's worth at least $50 and you couldn't bear to sell it for less than $50, then ebay wants you to start the bidding at $50, rather than start at 99¢ and say "you know, it's actually worth $50". Nohope's observation in his OP is that people are circumventing this regulation by starting such a coin at 99¢ and saying nothing about being worth $50, but including a picture of the coin in a 2x2 with a nice large $50 pricetag on it, making you think that the coin is obviously worth at least that much. My problem with this is, what are people with coins with genuinely old pricetags on them supposed to do, then? Take the coin out of the 2x2? Digitally alter the image to obscure the price? Or just crop it out of the picture? All of this would add time to a dealer trying to list a lot of coins. One can only hope, though, that a picture clear enough to read a pricetag will also be clear enough to show the coin with all it's faults and features. Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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Rest in Peace
United States
2884 Posts |
For folks with written on 2x2's, be it old code, old price etc.etc.....a simple black marker will take care of it unless they are trying to steer a buyer to a presumed value. Same with a grade. Mike  |
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Forum Dad
United States
24175 Posts |
quote:
If you think it's worth at least $50 and you couldn't bear to sell it for less than $50, then ebay wants you to start the bidding at $50, rather than start at 99¢ and say "you know, it's actually worth $50".
Actually Sap, it's exactly the opposite. ebay knows that lower starting prices equal higher final prices which is where they make the most money. Bids beget bids and ebay knows it. Plus they get no final fee if it doesn't sell due to the higher starting price.  That's why they have so many specials that apply only at low starting prices. ebay and the stockholders would love it if everything started at 99¢. They'd make a killing. Susan and I however, are glad that people are scared to start everything low.  |
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Pillar of the Community
United States
1283 Posts |
quote:
Surely a good basic knowledge of coin grades and prices would prevent any necessity to have these kindergarten like regulations. It must make it difficult for genuine sellers.
But genuine sellers who have integrity have already been abiding by the new guidelines. No respectable seller would pass off a coin slabbed in a boiler room as "certified", or put "Trends for $2500!" when the coin is worth about $25. I think getting rid of scams is only part of the reason for the new rules. And the other part is to make themselves more reputable among serious collectors. Look how many threads we have saying, "LOL look at this auction!" |
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Rest in Peace
Australia
661 Posts |
What's this incessant fixation with 'slabbed' coins. Surely a collector who seriously want to enjoy the beauty of his collection would want to hold a well made coin up to the light.
If only to enjoy the lustre, sheen and the colours that may be reflected off a well toned and/or highly finished item.
I can't see that happening through an eighth of an inch of plastic.
I believe 'air tites' would be a more practical answer to the serious collector who wants to be able to enjoy the beauty of his/her coins.
regards,
Edited by muckeye
12/29/2007 05:23 am
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Replies: 11 / Views: 1,930 |
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Posted 12/27/2007 4:58 pm
