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 Replies: 13 / Views: 2,404 |
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Valued Member
United States
424 Posts |
Every so often just for fun I like to look on ebay and look at the highest price listings. Not that I know the real value of the coins being offered or their authenticity. That got me to wondering if the sellers actually expect to sell these coins online or if they're just showing what they have. Here are a couple examples. https://www.ebay.com/itm/1795-DRAPE...AOSw4GFbNFnGhttps://www.ebay.com/itm/1896-LIBER...AOSw~jpbNFda There are others listed that are even more expensive. So my question is, how can anyone consider buying anything like this without seeing the coins in hand and doing extensive research? Then again, I only wish I had this dilemma. |
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Bedrock of the Community
Australia
21786 Posts |
Using ebay as a form of advertising. |
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Bedrock of the Community
 United States
12477 Posts |
I pretty much agree. I would never buy a coin like those (assuming I could) from a seller with 95.8% positive feedback.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
13014 Posts |
Those coins are well known among the people that collect them. That said generally speaking 5 figures are the highest sales that happen on ebay. The six and seven figure coins are generally just there being advertised. |
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Bedrock of the Community
United States
20753 Posts |
I buy those all the time. After all if it's on ebay, you know it's legit.  |
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Valued Member
 United States
424 Posts |
Quote:I buy those all the time. After all if it's on ebay, you know it's legit. Instead of buying some of these, why not try your luck with some of the unsearched rolls they sell? You never know what you may find.  |
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Bedrock of the Community
13014 Posts |
Quote:After all if it's on ebay, you know it's legit. Those are completely legit |
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Pillar of the Community
United States
3468 Posts |
If they didn't cap ebay bucks at $100 per purchase.... |
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Moderator
 United States
23522 Posts |
Quote:Using ebay as a form of advertising. This. It's a ton cheaper than buying ads, and generates a ton of buzz in threads just like this one, all over the Internet. They're not dummies.  Another point this raises is the finicky nature of Feedback. When you look at RCR's Feedback, it reads "95.8%," which should be a red flag to anyone shopping ebay. Then, you look closer, and see it's because of one_single_transaction out of 400 total, a few months ago. The buyer, who has only two Feedbacks of their own, paid a top-of-the-market price for a slabbed coin, and then decided they didn't like the coin. No mention is made anywhere of having returned the coin - if they did, Negative Feedback isn't warranted - but they left a Neg anyway. Number one, the dealer didn't call the coin "66DMPL." PCGS did. Number two, if you choose to return the coin, you got no right to whine. Number three, if you didn't return the coin, shame on you. Takeaway? Feedback scores are just a starting point on the road to due diligence. |
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Moderator
United States
187702 Posts |
Quote:
Feedback scores are just a starting point on the road to due diligence. I agree.  |
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Pillar of the Community
United States
7934 Posts |
Looking at their feedback, I see that almost all of their sales are Best Offer. I bet you could get that 1795 Eagle with an offer of, say, $950,000.  |
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Valued Member
United States
379 Posts |
holy crap, a coin advertised for over a million dollars? I agree, the seller is using ebay as an advertisement. However, looking at his coins, it looks like the seller is a hi-end coin seller, with nearly all of his coins selling for "best offer". I have noticed with ebay that a lot of sellers are on ebay using the "make offer' option are for speculative value, in that they want to see how much the offers are. I mean, how many times have any of you made an offer, sometimes an offer which could be described as a "lowball" offer... and the seller took it? I have obtained several of my coins for less than half of the price they were asking. But then again, ebay is not the only place. On great collections, I just missed an auction for a top pop graded one ounce palladium coin that sold for $200 less of its melt price, like less than $700... including the buyer's fee. the same coin (year, weight, design, etc.) is on ebay with an asking price of $5,000. my rear is still hurting from that one. point being, ebay is not the only place... just my opinion... mike |
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Valued Member
United States
379 Posts |
Quote:
"I bet you could get that 1795 Eagle with an offer of, say, $950,000." *** Edited by Staff to add Quote tags. Please use them in the future. ***well, I just made an offer for it for that same exact amount! however, my greatest fear is that he will take it! imagine all the fun to be had when I do not pay for it! I could not afford to pay even 1/1000 (one thousands) of that amount! ok, just kidding of course... If I had that kind of money, I would be in some exotic place with ladies surrounding me, certainly not on ebay! mike |
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Pillar of the Community
United States
3468 Posts |
Quote:If I had that kind of money, I would be in some exotic place with ladies surrounding me, certainly not on ebay! No reason you couldn't do both. |
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Replies: 13 / Views: 2,404 |
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Posted 07/03/2018 12:35 am
