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 Replies: 17 / Views: 2,432 |
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Valued Member
United States
424 Posts |
I have a small bonus from work. I can select from a long list of items, among them is a $100 gift card for Amazon. I have selected this several times in the past and have used it to buy coins or supplies among other household items. In anticipation of selecting this particular bonus again I began looking up some of the coins I want to add to my collection. Now mind you, this gift card is completely free to me. As I searched I was shocked to see how high some of the pricing is on coins. Am I out of touch or has the dealers felt they can charge whatever they want? Most of the coins I looked at were priced at least double the price listed on PCGS, which are already inflated. Even though I know this $100 is completely free to me I feel as though I would not being getting my money's worth. Am I just being too cheap? As a side note to all of this, I mentioned to my wife that I have this bonus. One of my choices is two nights in a motel of my choice wherever I want. She mentioned wanting to get away for Valentines Day. Guess which choice has won  |
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CCF Advertiser
United States
1533 Posts |
I suspect you are probably not being cheap, but are not looking in the right places. PCGS price guides are almost always too high and you are saying the dealers are charging even more. That does not seem right to me. I just went to a major show in Michigan and whenever I saw something I liked it almost always was around Coin Dealer Newsletter bid -5% to bid + 10%.
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Pillar of the Community
Canada
1747 Posts |
I have seen coins on Amazon as well, however they are ALWAYS overpriced. Supplies might be ok (I did not look) however I think whomever is selling on Amazon has to jack up the price because they take a large portion of the price. (15% or more) |
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Pillar of the Community
United States
1316 Posts |
What were the values of the coins you were looking at? I agree some of this might be related to covering Amazon's fees in addition to the retail value of the coin. For lower value items, this could combine for a huge % increase in the price of the listed coin. |
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Pillar of the Community
 United States
5029 Posts |
Amazon is priced high on coins. So you are not being cheap - however it appears your choice was the better of the two. As the saying goes - happy wife happy life.
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Rest in Peace
United States
17900 Posts |
I've completely given up at even looking at coins of any kind on Amazon. The prices by everyone who lists there is ridiculously high. I don't know why that may be, and to be blunt, I don't care. Charging two times what the same coin lists for on ebay at a high buy-it-now price already is just nuts. No thank you Amazon. Maybe buy things on Amazon with the gift card that you would need anyway, like laundry soap and garbage bags, and save what you spent for use on coins wherever you wanted. But then the wife... |
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Pillar of the Community
Canada
1747 Posts |
the thing is, it is not Amazon selling the coins, you are actually seeing these on what is called Amazon marketplace. |
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Pillar of the Community
United States
6130 Posts |
I was getting targeted ads for Amazon's coin store on Facebook maybe a year ago. Prices were laughably high. |
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Bedrock of the Community
United States
11951 Posts |
I think I would have made the same choice.
Even if it is free money ... no need to overpay for coins.
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Bedrock of the Community
United States
94367 Posts |
Love Amazon for everything BUT coins. |
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Pillar of the Community
United States
3516 Posts |
Too pricey. Always. Try selling the card to a freind for like 95 or something. That way you can use the money for fairly priced coins
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Pillar of the Community
United States
1119 Posts |
two nights in a hotel is worth way more than a 100 dollar gift card.
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Bedrock of the Community
United States
12057 Posts |
Quote:
two nights in a hotel is worth way more than a 100 dollar gift card. I've stayed in some hotels near military bases and while travelling for business that would greatly challenge this assertion...  Member ANA - EAC - TNA - SSDC - CCT #890 "Most of the things worth doing in the world had been declared impossible before they were done." -- Louis D. Brandeis |
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Rest in Peace
United States
7075 Posts |
You made the right choice. |
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Rest in Peace
United States
18456 Posts |
There is only 2 ways to get my coins for a decent price that I know of . A coin show and BIDDING on E-bay .Forget Amazon and Buy It Now on E-bay . Local coin shops are usually very high unless your in good with the owner . |
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Pillar of the Community
United States
4212 Posts |
Although they're competitors, I've heard there's a way to transfer Amazon cards to paypal, letting you shop the bay. You might goog that. |
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Replies: 17 / Views: 2,432 |
Posted 12/01/2016 2:11 pm
