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Do Sellers Not Trust The Ebay Market ?

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AgCoinAu's Avatar
Canada
3049 Posts
 Posted 05/15/2017  6:28 pm  Show Profile   Bookmark this reply Add AgCoinAu to your friends list Get a Link to this Reply
Lots of people used to collect.. that number by my guess has been on the decline... all the common coins that people once held on to are in the market now... Simple supply and demand really....

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cspence's Avatar
Canada
75 Posts
 Posted 05/15/2017  6:37 pm  Show Profile   Bookmark this reply Add cspence to your friends list Get a Link to this Reply
I wholesale a lot of coins through ebay auctions for liquidity reasons.
We have 3 brick and mortar stores and can not pay rent or hydro with 1922 pennies

As thecoinhunter stated, the auctions do tend to bring BIN sales of the better stuff.
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doubleeagle59's Avatar
Canada
2495 Posts
 Posted 05/15/2017  6:45 pm  Show Profile   Bookmark this reply Add doubleeagle59 to your friends list Get a Link to this Reply
ebay is and always has been the price barometer for the coin market.

50% of trends is the norm nowadays.

Don't blame ebay's policies or fees for this, as it has nothing to do with the market.

Since 2008 we have been in a depression and I'm not just talking about the coin market.

Only 0% interest and easy money policy has kept us going.

But I digress.

Let's just say that sellers who have their BIN coins set at pre-2008 levels (80% to 100% of trends) are definitely dreaming in technicolour and we can all sit back and admire their BIN coins collecting cyberspace dust on the shelves of ebay's webpages.
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ChildOfTheWheat's Avatar
United States
5828 Posts
 Posted 05/15/2017  6:48 pm  Show Profile   Bookmark this reply Add ChildOfTheWheat to your friends list Get a Link to this Reply
The problem with ebay and coins is that, even for rare dates, there are a LOT of basically the same coins on ebay.

You don't see that with militaria... There are lots of generic stuff, say WWI production M1910 canteens, but there arent hundreds of them on ebay.

An ebay search for "1909 S VDB" on ebay in the small cents category came up with 468 results. An ebay search for "M1910 canteen" in WW1 US militaria came up with 31.
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Pacificoin's Avatar
Canada
5397 Posts
 Posted 05/15/2017  9:47 pm  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
Let's get real, the Canadian Coin Market may be sick for many reasons, but the overall coin market is far from dead. ebay is a great outlet for selling coins and collectibles, but far from the only outlet. Coins have been a great way for me to earn a decent living for years and if anything there is more interest now than ever. My financial statement says last year was the best ever sales and profit wise.
The coin market is a true example of a free market business and it is either adapt or die . You either change it up or you are out of business very quickly. All the whining in the world is not going to fix anything.
Canadian coins are blooming awful right now on ebay and at shows, but we have no trouble selling good US , world , especially oriental ( China , French IndoChina, India, Japan and Korea) as examples. Also any better tokens , militaria and medals are just fine thank you very much.
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