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Does The Internet Make It Easier Or Harder To Get Good Deals?

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basebal21's Avatar
13014 Posts
 Posted 10/21/2017  10:26 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
If I post a genuine US classic (worth more than $20) the odds that I will be taken to the cleaners are negligible.


?. If you mean selling it in an a low start auction you must be using a different ebay than the rest of us
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TheCoinDom's Avatar
Belgium
186 Posts
 Posted 10/22/2017  12:29 pm  Show Profile   Bookmark this reply Add TheCoinDom to your friends list Get a Link to this Reply
I think that the introduction of the internet to the coin hobby has actually made it easier to find deals: the number of deals you can find in traditional physical locations hasn't fallen (people who sell at flea markets and the like often don't research the value of a coin), and at the same time many new ones appeared on the internet (not all sellers research their coins' values, in fact far from it).
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 10/22/2017  1:59 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Before the Internet, there were - within the average collector's reach - maybe a dozen sources between local B&Ms and online publications. With the Internet, there are thousands. And your need to be able to suss out a good deal based on the information available hasn't changed one whit. Nor, I'm guessing, has the percentage of "good" deals, of those offered.

The only difference between people being taken to the cleaners thirty years ago, and people being taken to the cleaners today, is their relative ability to complain publicly about it.
Valued Member
United States
332 Posts
 Posted 10/23/2017  01:28 am  Show Profile   Bookmark this reply Add nautilator to your friends list Get a Link to this Reply
There are tons and tons of great deals and horrible deals, all waiting to be had. Voted yes because there are a ton of incredibly interesting obscure things I'd have never heard of, much less seen, that I've gone looking for and been able to find for sale on the internet. ebay isn't the only place, not by a long shot.
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spru's Avatar
United States
12477 Posts
 Posted 10/23/2017  02:50 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply
I can certainly see others' points about what it used to be. Unfortunately, that is not applicable now. This is what I see online:

Junk being overpriced. Horrible deal.
Mediocre stuff, overpriced. Bad deal.
Decent stuff, overpriced. Big Risk.
Good stuff, overpriced. Risk.
Great stuff. Not in my budget.
Awesome! Way out of budget.

There has been a rise of people jumping on the bandwagon and they (uninformed) think that every coin they have is worth $1k. That increases the competition for real gems and the other searchers sleep less than you. I haven't experienced other methods but, the current atmosphere in deal-finding is harsh and dog-eat-dog.
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jbuck's Avatar
United States
189767 Posts
 Posted 10/23/2017  11:28 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply

Quote:
The only difference between people being taken to the cleaners thirty years ago, and people being taken to the cleaners today, is their relative ability to complain publicly about it.


I voted easier. Without a doubt. Everything is easier in the internet age.
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UltraRant's Avatar
Norway
1358 Posts
 Posted 10/23/2017  11:57 am  Show Profile   Bookmark this reply Add UltraRant to your friends list Get a Link to this Reply
I don't think internet makes it easier or more difficult to get good deals. I think the whole set of principles behind coin shopping has shifted, so I vote for 'different', which isn't listed of course.

Anyway, the biggest disadvantage is not being able to hold the specific coin in hand before you buy it. Anyone can post a stock photo of a coin online. Is it really the coin you get? Not everyone is a Steve McCurry when it comes to photography skills. Using too much flash under the wrong angle and your coin looks harshly cleaned. A lot of blame will be put on that in case of disappointments. Is everyone honest when it comes to descriptions? Coin grading and pricing is highly subjective. What does 'choice' mean, which 'details' are subject? Or why is it even sold as a problem free coin? And how good is the deal when postage is added?

Now for the bright side for the buyer. The amount of offers is dozens of times bigger than it used to be. Not everyone is a highly specialized coin seller, not everyone cares about what's being sold: some people just want to get fast cash out of a heritage and got advised to auction or sell online. And added to that, you now have the world as your playground. Coins are valued in a different way in different regions. Here in Europe American coins are not cheap, but less overpriced as they are in the USA. Norwegian or Dutch coins, on the other hand, seriously drop in value when spotted outside Norway or The Netherlands.

I do see that coin shops also tend to react to what's happening on the net, by either opening up their own shop or by adjusting prices to what's happening there. You now have a price reference on your cell phone and you don't need to buy a Red Book or grey sheet anymore to get an indication of what catalogue prices may look like, and they know that, too... That also means that they will push up the price of some foreign or obscure stuff, by the way, as they need to make money out of that now as well.

So, different, not easier or harder.
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