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 Replies: 16 / Views: 2,884 |
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Pillar of the Community
United States
3843 Posts |
What Do You Think About This Seller's ebay Listings http://www.ebay.com/sch/dah-grego/m...046732.m1684Good Strategy or leaving money on the table by not selling individually? Certainly looks like this is a non coin collector hastily disposing a large collection of classic U.S. coins or is that just what they want us to think? Would like to get your informed opinions. Thanks |
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Pillar of the Community
United States
3479 Posts |
I think it's a smart strategy from a marketing standpoint. How cool would it be for a newbie to buy a coin lot with that type of variety? As to whether or not money is lost, only the seller knows. They could be stolen coins.
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Bedrock of the Community
United States
12057 Posts |
My suspicion is a seller sneaking in problem coins with other coins to get rid of them, maybe even some fakes. Seeing old slab labels with graffiti, scratched, holed, plugged, whizzed, "last digit in date removed", etc. pretty much confirms this. He is hoping people will assume that if most of the other coins are problem-free, the "big ticket" coin will also be problem-free. truth be told, though, most of the other coins look like problem coins as well.
This is a smart way to dump large amounts of junk problem coins, as they will probably get more bids than they would listed solo.
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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Pillar of the Community
United States
1963 Posts |
It's a deceiving but good way to make money. He is getting plenty of negatives soon....
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Valued Member
United States
294 Posts |
Personally, I would pass on all of these offers...unless the condition of each individual coin is disclosed, you won't know what you're getting. The specific dates, mintmark, etc. are not even disclosed. These are not good deals.
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Pillar of the Community
United States
869 Posts |
Actually, half those listings ended on Dec. 25th. All feedback was positive, so apparently he's legit. Very clever way to market his premium coins, surround it with junk silver!  |
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Pillar of the Community
United States
1303 Posts |
Everyone appears to be happy, wish I had the funds to partake in some of those.
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Rest in Peace
United States
18456 Posts |
I think it was smart strategy on sellers part . he certainly was pulling in bidders both newbies and seasoned alike . I don't believe he lost money, I'm sure all common dates except for that one biggie sort after coin .  |
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Pillar of the Community
United States
4468 Posts |
The seller's strategy is good as it saves in shipping. It also allows the seller to move problem coins. Paralyze summed it up perfect as a buyer I would not touch it.
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Pillar of the Community
United States
4211 Posts |
Seems to be working for him. Lots of bids and good feedback.
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Valued Member
United States
219 Posts |
To be honest, its a very clever strategy because he can get rid of unwanted or cull coins by putting them into lots with expensive and desirable ones, forcing customers to buy everything just to get to the one or two good pieces.
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Pillar of the Community
United States
4337 Posts |
the sellers strategy is good the buyers strategy is poor and amateur in thinking For instance, look at the 1796 draped bust dime auction. it went for $1225. If you have $1225 to spend on such an obvious problem coin then you do not have the knowledge, patience and strategic thinking to save up over the next six months and hunt the auction sites for a problem free CAC example. Its lack of patience on the part of buyers that creates the flow of problem coins in the hobby. IMHO of course http://www.ebay.com/itm/1796-DRAPED...42257980942? |
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Pillar of the Community
United States
1211 Posts |
Aron Green: I absolutely disagree. The buyers knew exactly what they were getting. The coins are all pictured. let the buyer decide the grade for themselves.
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Moderator
 United States
54280 Posts |
In one of his listings, the seller disclosed something about why he lists his coins in lots.... "Because of a misunderstanding last winter, I'm restricted on the amount I can list each month. Putting them in higher end groups helps me get around that somewhat , Gregory". I have to object to the inclusion of a grading company label (not a slab, just a label) with a raw coin. That label could be fake, or go with some other coin. Even if you believe it actually once went with a graded coin, that coin is no longer certified (now raw) and ebay policy prohibits the practice of including numeric grades with raw coins. One I saw ( 201783711356 ) was a PCGS label indicating "GSA", but is now supposedly broken out basically losing that provenance. |
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Pillar of the Community
United States
1303 Posts |
The seller could care less that some of you don't like his auctions. The fact is the seller is happy, and it appears the buyers are happy.
Edited by thecoinguy1964
02/14/2017 4:34 pm
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Rest in Peace
10197 Posts |
Its "eww-boy" as I call it. The sellers happy, he got $, Bay's happy, they got $, buyer's happy(apparently), he's got something he thinks is worth $. What's the common thread?
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Replies: 16 / Views: 2,884 |
Posted 02/12/2017 01:01 am
