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 Replies: 7 / Views: 2,689 |
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Valued Member
United States
493 Posts |
I have searched E-bay and have gotten totally confused on how one person can sell their coin for a good amount and then someone else puts up the same coin for 99 cents. How does this help the value of the coin?  *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
Canada
5240 Posts |
Unless we are talking about identical grades, you would expect different prices for different grades. If these are asking prices, people can ask all they want, depending on how greedy they are/ how much they overestimated the value.
The 99 cent ones are probably auctions, and the seller expects it to be bid up to market value or more.
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Bedrock of the Community
United States
11884 Posts |
We can have different prices because we have free markets and a free society where people can exercise free choice, subject to economic constraints. Coin values are helped by free markets because they tend to match buyers and sellers better than other systems.
Welcome to CCF.
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Rest in Peace
United States
18456 Posts |
Yes it is very frustrating when, ( example ): PCGS 1950-S Roosevelt dime MS-66 seller #1 price $125 .Seller #2 has the exact same slabbed coin his price $215 . Yes I see your frustration .  |
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Pillar of the Community
United States
2023 Posts |
"Same coin" can be relative. Here are a couple of 1915 Panama-Pacific commemorative halves, both MS64: This one is $785 - http://www.ebay.com/itm/142278756098This one is $925 - http://www.ebay.com/itm/182363957143Between the two, frankly, I'd rather have the less expensive one. It's a bit darker overall but it doesn't have the inconsistent ring of toning. Same grade, but eye appeal (whatever that means to you) does count for something in the price you're willing to pay. Some people like toning and will pay a premium for it. Others like "blast white". Some sellers don't know what they have and will price things incorrectly, either up or down. Some sellers are horribly overpriced for everything and may be using ebay for inventory management, or just to establish a presence to drive sales to other things. Who knows. Coins are worth whatever someone is willing to pay for them. Price guides are just that -- guides. ebay's "sold listings" are a great way to see what other people have paid for similar coins. If you think someone is asking too much, make an offer or don't buy it. Maybe they'll lower their price, and that helps set the value of the coin. Edited by Alpha2814
02/15/2017 6:30 pm
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Valued Member
 United States
493 Posts |
Thanks for the info I am beginning to see the light.
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Pillar of the Community
United States
1450 Posts |
If the sellers give the option of best offer then if I want the coin I give the lowest offer I think is reasonable. I don't find great deals on ebay. I do find coins I can't find locally. If you buy them off some of the other auctions like Heritage you pay the "buyers premium" and I don't like that. I think if you want to collect a full set of Morgans, for instance, you will need to probably go online to get the higher grade coins for that set. At my LCS I have never seen a 1916 LSQ or 1916-D Mercury dime, or even a 1894 Morgan in better than VF condition. |
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Valued Member
United States
123 Posts |
ebay asking prices are usually all over the place. Use completed auction records. Even than there will be variance based on how nice the coin is for the grade, but it'll be centered around a common price. Some auction houses allow you to search their records of past sales with pictures too. These are very good tools to research general market value.
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Replies: 7 / Views: 2,689 |
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Posted 02/15/2017 5:33 pm
