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Coin Price Differences Between Ebay, LCS, And Shows

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Pillar of the Community

United States
1187 Posts
 Posted 05/02/2016  10:03 pm Show Profile   Bookmark this topic Add LibertyEagle20 to your friends list Get a Link to this Message Number of Subscribers
Another member recently posted that ebay is significantly higher than a coin show. Aside from popping in at a LCS while traveling , I only know ebay prices. I was wondering what the common prices are for the following in the past year or so. I picked common stuff because the more rare stuff isn't sold often and prices will vary a lot. I understand prices vary but this would be on average.

Uncirculated 1964 half dollar roll ( ebay price is likely $175+)
Uncirculated common date Franklin half roll ( ebay is $190+)
Uncirculated common Peace dollar ( ebay is $30+)

Just trying to get a feel for how prices typically range between ebay, a LCS, and a show. Again I know it varies but just looking for an average that you've seen. Thanks!
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Andrew99's Avatar
United States
1533 Posts
 Posted 05/02/2016  11:38 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
BU common date Peace dollars can be bought for $25 at a show. I've never bought any of the others.
Bedrock of the Community
GR58's Avatar
United States
11951 Posts
 Posted 05/03/2016  02:47 am  Show Profile   Bookmark this reply Add GR58 to your friends list Get a Link to this Reply
I would not say those prices are very far off.

I do think a person could develop a good relationship with
dealers at a LCS or coin shows, and buy a little cheaper.
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T-BOP's Avatar
United States
18456 Posts
 Posted 05/03/2016  07:50 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
The whole thing with coin prices is ; Nothing Is Written In Stone ! Sure they have monthly and yearly trends . and that's just a guideline for you. Me ? I go by a guideline but most of all , what I'm willing to pay for a particular coin that I need .
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KenKat's Avatar
United States
4085 Posts
 Posted 05/03/2016  09:27 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I have gotten some of my best bargains on ebay. Coin shows and coin stores can also have decent prices as well. I have a target price for each coin I buy and if I can find it at that price, I buy it. Occasionally, I have to revise my prices upwards when I can't find what I want at the price I want. This is typically for scarce items, not commons.
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Andrew99's Avatar
United States
1533 Posts
 Posted 05/03/2016  09:31 am  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
Most people don't buy things via multiple channels so can't easily compare. I buy at shows and sell on ebay, so I can. For example, most certified silver commems can be bought for 10% back of bid at a show. ebay charges 13% for the use of the platform. As nobody is able to buy 25% back of bid, that 13% has to come from somewhere. You are paying it through higher prices. Its the cost of the privilege of shopping from your couch.
Bedrock of the Community
United States
20753 Posts
 Posted 05/03/2016  09:55 am  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
Lots of things to consider with this subject. For example if buying on line with ebay or any place on line, you must really add in the additional costs of postage, handling, insurances, wrong coins sent, wrong coins shown, lost in mail, etc. This is the one great advantage of a coin store or coin show. You get what you see and no extra charges.
However, with coin shows you also must realize that for large shows dealers have traveled some distances, have to have a place to stay, eat food in restaurants and other expendatures due to just being there. Also, large shows the table rentals are much higher than at a small show. This all means that in order for a dealer to pay for all this, they mush raise the prices of their coins accordingly.
Now with a local coin store, again, the dealer must raise money to pay for gas, electric, phone, water, possible rent and yet support a family maybe. And all this is from selling coins or coin stuff.
In other words, the prices of coins can vary excessively due to many reasons. I found the local coin show is still the best place to buy a coin.
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jbuck's Avatar
United States
188110 Posts
 Posted 05/03/2016  11:04 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
Most people don't buy things via multiple channels so can't easily compare. I buy at shows and sell on ebay, so I can. For example, most certified silver commems can be bought for 10% back of bid at a show. ebay charges 13% for the use of the platform. As nobody is able to buy 25% back of bid, that 13% has to come from somewhere. You are paying it through higher prices. Its the cost of the privilege of shopping from your couch.
A good analysis, Andrew.
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Andrew99's Avatar
United States
1533 Posts
 Posted 05/03/2016  12:44 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I appreciate the OP not calling me out, but I felt compelled to respond as I am the "other member" that started this whole thing in the other thread.

Carl, let me help you and others think about costs in a way that a business would and it might make the dynamic a little clearer. Most all the costs you talk about, food, lodging, and table fee for shows as well as lights, rent, salaries for shops are examples of fixed costs. If it costs me $1,000 to do a show all told, I need to sell $10,000 at 10% margins to break even. After that, all my gross profit becomes net profit. The same is true of a shop that costs $10K a month to run. After $50K a month in business at 20%, you are making money. Fixed costs don't have to be passed through to consumers directly as you can always grow out of them with increasing volume of sales.

ebay fees are variable costs. They scale with volume, so there is no growing out of them. I sell $1,000, I pay $130. I sell $10,000, I pay $1,300. Variable costs always need to be passed through to consumers as they directly reduce the profit received per transaction. This is why I can state without significant data or further analysis that ebay prices are going to be at least $13% higher than at shows. For low cost items, it will be even higher as postage is involved. Yes, you pay for the postage whether its free shipping or not. Its a variable cost and you pay for it either directly or through higher prices.

Now, shops have high fixed costs, but low variable costs. I sometimes get decent deals at shops. Generally not as good as shows, but better than ebay.
Edited by Andrew99
05/03/2016 12:58 pm
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KenKat's Avatar
United States
4085 Posts
 Posted 05/03/2016  12:56 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I think you also have to consider carrying costs, though.

If you put an item on ebay with good photos, it is probably going to sell. The exception to that might be scarcer items with a smaller market where you price them at a floor or buy it now price so that you don't get killed when only one person bids.

For cons shows, my guess is that much of the inventory you walk in with, you walk back out with when it doesn't all sell. So, you might have to pay for multiple show fees before a particular given coin sells. The same is true with coin stores; you may pay rent, electric, etc. for multiple months before you sell a particular coin.

While ebay's variable costs are perhaps higher, you only pay them when you sell for the most part. It costs little in carrying costs for items listed on ebay.

For items that can be turned over quickly at a show or store, you are correct that it may be cheaper than ebay, but not all items fall into that classification.
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Andrew99's Avatar
United States
1533 Posts
 Posted 05/03/2016  1:12 pm  Show Profile   Bookmark this reply Add Andrew99 to your friends list Get a Link to this Reply
I find sell through rates to be similar on ebay and at shows. I am not putting things up at auction starting at $0.01 just to get it to sell at whatever. I know what the price needs to be to make a reasonable margin after costs and fees and I set a BIN there. My sell through rate is comparable to the rate that things sell at shows. At shows I have less audience, but my prices can be 15% lower. Its also hard to compare as there's lots of low value stuff I can bring to a show that is not even worth photographing and auctioning on ebay. You could sell $500 of it at a show, $2-$10 at a time. Its maybe 50% profit, but you can't do that on ebay.
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Potsdam's Avatar
Germany
303 Posts
 Posted 05/03/2016  2:03 pm  Show Profile   Bookmark this reply Add Potsdam to your friends list Get a Link to this Reply
Here in Germany there are way more auction-style listings on ebay than on ebay.com. They usually do not have any reserve which is why ebay here in one of the cheapest ways to get a coin. Next in line are classified ads, comparable to craigslist in the US. If you manage to identify private listings and estate sales as such you can get amazing bargains. At shows I rarely purchase something at a good price. Another great source are coin-auctions (local and online) where prices sometimes stay on a rather pleasing level. Dealers are definitely overpriced here.
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Slider23's Avatar
United States
4469 Posts
 Posted 05/03/2016  2:05 pm  Show Profile   Bookmark this reply Add Slider23 to your friends list Get a Link to this Reply
For me it does not matter if I am buying from a LCS, coin show, ebay, Heritage, Great Collections as I use past realized auction prices from ebay, Heritage and Great Collection to determine the value and my offer or bid price for a coin. All selling venues can be overpriced on a given coin or offer a bragin price. I have made some of my best bargain buys on ebay. The biggest value at a coin show is to see the coin in hand before the purchase and to have access to multiple dealers and if you get an excellent price on a coin, it is a added bonus.
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KenKat's Avatar
United States
4085 Posts
 Posted 05/03/2016  8:24 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
with slider

All can be good venues to buy coins. I've bought coins on ebay that I could never have gotten for that price in a store or at a show and I have bought coins at shows and stores that were cheaper than comparable coins on ebay. It all depends on what you are buying. No one venue is cheaper than another under all circumstances.
Edited by KenKat
05/03/2016 8:27 pm
Bedrock of the Community
United States
20753 Posts
 Posted 05/04/2016  8:39 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply
So many things are various. And so much depends on the day, the location, the economy, etc. Where I live there used to be 4 coin shows a Month, now only 3. Used to be many, many coin stores, now not so many. Yes on line sales are part of this. Yet not all. In some areas the sale of coins is just not as good as other places. A coin store is only good if the owner can find material to sell. One large store I know of has turned to selling stamps, baseball stuff, old artifacts, etc. due to low sales of coins. Yet the one thing I seldom hear about with coin purchases via the internet is wrong coins, fakes, lost in mail, etc. Everyone always brags about the successes but so few brag about their losses.
As to the original question. Just to many possible differences in the coins, the hobbiest, the location, the economy, etc.
Valued Member
Netherlands
74 Posts
 Posted 05/05/2016  05:05 am  Show Profile   Bookmark this reply Add qxy to your friends list Get a Link to this Reply
In the Netherlands it's the same as in Germany, as Potsdam described.
At shows I see the same dealers that I see at coin auctions. They first outbid me at auction and then at a show they offer me the same coin at an even higher price.
I tend to get low value coins at ebay, and higher value coins at auction. The ebay sellers I also see at the auction: they buy the albums and lots and put each coin separately on ebay. High turnover and low fixed costs: those sellers tend to do this from their living room and can that way get away with pretty low margins.

As for just carl's comment about lost coins and fakes: I've up to now never had a coin get lost in mail, and only once a fake. I notified the seller and he immediately reimbursed me. So those losses have been minimal for me.
As for shipping costs: driving to a show also costs me money (and with the petrol prices here, a fair bit more than a few stamps would cost).
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