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Overpriced Halves

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MichioKaku's Avatar
United States
374 Posts
 Posted 12/23/2015  2:02 pm Show Profile   Bookmark this topic Add MichioKaku to your friends list Get a Link to this Message Number of Subscribers
Coinstudy lists the value of one of these 1910-P halves in VG at about $12, so why?

The only one that is a decent deal is the one at the very top.

http://www.ebay.com/sch/i.html?_fro...lar&_sacat=0

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Biedercoins's Avatar
United States
1601 Posts
 Posted 12/23/2015  2:21 pm  Show Profile   Bookmark this reply Add Biedercoins to your friends list Get a Link to this Reply
I think That Barber halves are really popular these days and it comes down to supply and demand. Collectors just starting out will pay too much for just about everything available, just to be on the board, IMHO.
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T-BOP's Avatar
United States
18456 Posts
 Posted 12/23/2015  2:51 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
That first half on top of page is a G-04 Maybe details . very bad obverse rim dents and nicks. All letters of LIBERTY completely worn smooth . reverse has a lot of wear also.
That's your answer .
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MichioKaku's Avatar
United States
374 Posts
 Posted 12/23/2015  3:06 pm  Show Profile   Bookmark this reply Add MichioKaku to your friends list Get a Link to this Reply
I know a stand where I could purchase one of those for about $9 in VG-8!
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Coinfusion's Avatar
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500 Posts
 Posted 12/23/2015  5:26 pm  Show Profile   Bookmark this reply Add Coinfusion to your friends list Get a Link to this Reply
I have a complete album of heavily worn Barber half dollars and with the exception of just a few of them (maybe less than 6) it wasn't expensive to put it together.
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moxking's Avatar
United States
17900 Posts
 Posted 12/23/2015  5:38 pm  Show Profile   Bookmark this reply Add moxking to your friends list Get a Link to this Reply
If you alter your search to only 1910 with low limitations in Barber halves, you come up with 493 hits, rather than the 33 you are showing. I realize you still have the S mints in there, but if you also change your search parameters to "Price + Shipping Lowest First" you start out with a very nice example at a 99 cent auction starting price, and lots and lots of 1910 P Barber priced under $25. Considerably more selection by broadening the search parameters.

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srs77's Avatar
United States
3112 Posts
 Posted 12/23/2015  5:59 pm  Show Profile   Bookmark this reply Add srs77 to your friends list Get a Link to this Reply

Quote:
Coinstudy lists the value of one of these 1910-P halves in VG at about $12, so why?


This is not meant to be condescending so please don't take it that way. I see a lot of threads similar to this one and I don't understand why the question. We live in America. Capitalism at it's best. They can ask whatever they want for an item. If he wanted to ask a billion for it he could.

As you have done so well, you did your research and found them to be way too expensive. That's what you and everyone should do. If someone comes along and wants them bad enough to spend big dollars on them they will, and that's their right. Regardless of how we feel about it, it is just as much their right to pay that much as it is for you to refuse to.

So that we're clear, I'm on your side with regards to how pricey these coins are so I just pass them by shaking my head to myself. But it is clearly their right to ask whatever they want for them.

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KenKat's Avatar
United States
4085 Posts
 Posted 12/23/2015  6:06 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
it seems like the standard for most Buy It Now auctions for coins on ebay is that you set the price about 50% higher than what it is really worth, then complain how nothing sells on ebay anymore and all you get is low-ball offers.
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paralyse's Avatar
United States
12057 Posts
 Posted 12/23/2015  9:37 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Barber halves are always popular. They still sell for a premium over melt, even in very low grades. They're readily available, there are 4 different mint marks, and unless you want a Micro "O" there are very few "tough" dates beyond 13-14-15, 92-s & o, 93-s, 96-s, and 97 s & o.

These days unless it's a screaming bargain I avoid BIN's like the plague and look for bid sniping in the late and early hours.

That's not to say that BINs are always bad; sometimes people really don't know what they have/what they are pricing out. Sure, a large percentage are 30% over retail, but I've also hit a few jackpots, sometimes 30-50% UNDER retail or more. When hunting in the "Bargain BINs" I use newly listed searches looking for pricing mistakes and such.

If you're serious about buying on ebay, be prepared to spend a lot of time refreshing the "ending soonest" for your desired targets, especially between 12 am - 7 am in the US, and be ready to pop in a decent big bid to ensure your victory. I try to bid within the last 30 seconds or sooner. I've scored some amazing deals that way, people who put 1 bid on a coin and then forget about it. Even with technology, unless they're sitting at the PC they're not going to up their bid in 30 seconds.
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"Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis
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United States
1590 Posts
 Posted 12/24/2015  10:21 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
I'm a dealer, and can give you my perspective.

Most of the auctions you see are from commercial accounts. Dealers in other words. Dealers tend to focus more on "per piece" profit than your average non-dealer; who uses ebay.

The best buys are almost ALWAYS with non-dealers. For most non-dealers anything over the purchase price and ebay fees is a profit.

Dealers worry about overhead...and well....to be honest are probably more greedy than the hobbyist.

And they tend to torpedo themselves. They tend to list things high to see if they can get a bite, and then will often lower the price to a set minimum, till they get a bite. The problem is that buyers see these same people over and over, and remember the insane prices on some of these things. After awhile these buyers eyes tend to glaze over when they see certain dealers and they skip over them. This causes lower volume. At which point the dealer can lower prices and hope to make it up in volume or raise prices hoping to make it up by selling fewer, but more expensive items.

Unfortunately about 75 percent chose the later. I have been a Jr partner in three business that failed because of greed. All because the Sr partner kept raising prices and lowering quality. One of which I bought, turned it around by lowering prices and aggressively advertising. After a year the original owner wanted to buy the company back from me at a very handsome profit for me. Two years later he was out of business. Why? Because the first thing he did was raise prices "to recoup the purchase money", and then went cheap on advertising and our return policy. Some people never learn.

The point is Dealers very often get into this mindset where "they" feel that "they" set the price point, and not the customers.
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thq's Avatar
United States
3343 Posts
 Posted 12/25/2015  10:21 am  Show Profile   Bookmark this reply Add thq to your friends list Get a Link to this Reply
For the 1910-P I think it's a matter of perceived scarcity. At one time this date interested me solely because of the low mintage.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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KenKat's Avatar
United States
4085 Posts
 Posted 12/25/2015  10:41 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
Thanks jm for that interesting perspective.

Just a recent case in point (not a Barber Half), I saw a coin listed on ebay at $475 BIN or Best Offer. I googled the slab number and saw that the same coin sold in November of this year on Great Collections for $290. The $290 seemed like a pretty good buy at that price but can't imagine it ever sells at $475. Not for awhile at least unless the market turns more favorable.

Trying to decide if I submit a low ball offer that leaves them a few bucks profit or just don't bother...
Edited by KenKat
12/25/2015 10:41 am
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