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Ebay Coin Sellers - Take Note!

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Pillar of the Community
SeatedNut's Avatar
United States
2797 Posts
 Posted 04/16/2008  11:21 am Show Profile   Bookmark this topic Add SeatedNut to your friends list Get a Link to this Message Number of Subscribers
I've spent considerable time on ebay lately searching for varieties and gems for my collection. In case any coin sellers visit here to assess the pulse of the coin collecting community, I offer this advice to get the most from your auctions:

Hype - According to many sellers, every coin in the series is Key, Semi-Key, or Rare. You insult most of your informed audience and cloud your auction in skepticism and suspicion. Try some honesty.

Grading - I could go all day on this. Just learn to grade somewhere in the ballpark or let the prospective buyers grade it for themselves using the "quality" pictures in the listing. I love the auctions that list the coin as MS-65 and it's an obvious pocket piece.

Photos - Absolutely required and the best possible resolution is recommended. No photos or blurry photos will get you melt price for silver/gold. A coin has two sides ... a listing with only an obverse photo drives me insane and I'll move to the next listing in a heartbeat. This is especially evident when the coin is in a PCGS or NGC slab. I buy the coin, not the slab. I've also seen semi-rare varieties that I could attribute from a picture of the obverse only go for melt because most folks need to confirm with the reverse photo. How many more "rare" varieties go unattributed because we need to see the reverse?

Accuracy - Know what you are selling and list it accurately. A listing for an 1878 Morgan dollar should not offer a picture of an 1886 ... this is getting to be a real problem lately. One of our members has an error in his current listing for an 1878 8/7 TF Morgan "possible VAM 44". The coin is an 8TF (please see note on hype).

As an avid collector, when I find a seller that avoids hype, accurately lists his/her offerings, using quality pictures of both the obverse and reverse allowing me to grade the piece, I go through their offerings first and will choose to do business with them over a similar coin offered from a seller using tactics described here.

Thanks for letting me rant.

Bedrock of the Community
biokemist6's Avatar
United States
12437 Posts
 Posted 04/16/2008  1:32 pm  Show Profile   Bookmark this reply Add biokemist6 to your friends list Get a Link to this Reply
quote:
One of our members has an error in his current listing for an 1878 8/7 TF Morgan "possible VAM 44". The coin is an 8TF (please see note on hype).



That is not the only "error" and it is not even the most egregious one. The worst is a gold coin referred to as 1/2oz when it only contains ~1/10oz gold- someone is going to get burned bad on that one. Hopefully the auction will get pulled in time as it has been reported. The pathetic part is that the misconception was corrected in a post less than two weeks ago https://goccf.com/t/28316&SearchTerms=barbados and obviously ignored
Edited by biokemist6
04/16/2008 1:36 pm
Valued Member
United States
265 Posts
 Posted 04/19/2008  2:27 pm  Show Profile   Bookmark this reply Add dom to your friends list Get a Link to this Reply
here, here, perfectly stated.
Pillar of the Community
Peter THOMAS's Avatar
Australia
2830 Posts
 Posted 04/19/2008  2:59 pm  Show Profile   Bookmark this reply Add Peter THOMAS to your friends list Get a Link to this Reply
G'day,
I have found that sellers of inadequately &/or inaccurately described items, tend to be very difficult to deal with.
The correlation is extremely high.
A medical person might say that these are symptoms of a larger syndrome.
So, after painful experience, I skip all listings inserted by "infected" sellers.

Now for the good news: some sellers know a lot about their goods. And they put good pics with a detailed description, including context. That is not only very informative, but is more likely to make a buyer - at least, one like me - WANT to buy.
Peter
Valued Member
United States
429 Posts
 Posted 05/12/2008  8:09 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
I wish this could be plastered all over ebay and not just here. It is tough when you have to search through about 100 postings to find the one that is truly named and described correctly, but I think this is aimed at the newer collectors.

How many of these hard to find items could be picked up for next to nothing at a local dealer? How many use stock photos or images they pull from other items? How often does one person have not just one rare coin but 20 of the exact same thing? It seems that people are trying to find any way they can to find a sucker and bring them in. The thing that upsets me the most is people that slab their own coins, grade them as MS-69/70 and then use PCGS as the actual price for their coin. I just really feel sorry for so many people that fall for these things and end up paying for something that is not worth it at all.
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