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 Replies: 17 / Views: 2,903 |
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Pillar of the Community
United States
3237 Posts |
I am new to ebay cherrypicking for varieties. I have found one listing on ebay of a variety coin that the seller does not appear to be aware of. The coin has a listed value of about $60-$80 graded in the same condition (though this one is raw). I think other bidders are also aware of what it is, since eight other people have already placed bids on a fairly unremarkable coin in pretty poor condition (roughly G06-VG10, though I'm not a very practiced grader). What would be a reasonable max bid? I was thinking of putting a $22 max bid on it, which would bring it to a total of $25 with shipping. Edited by SamCoin
09/18/2020 12:24 pm
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Bedrock of the Community
United States
19126 Posts |
Without giving away too much, it would be handy to know what the coin is--cent, nickel, dime, quarter, etc.? Safe to assume the seller has posted superb photos?
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Moderator
 United States
54280 Posts |
We can't tell you anything without seeing the coin.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
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Bedrock of the Community
United States
94367 Posts |
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Pillar of the Community
United States
3468 Posts |
I understand that you don't want to reveal too much and risk losing the "cherry pick" but with the limited information provided the best I can offer is to bid what you're comfortable bidding. Good luck!
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Pillar of the Community
Canada
5393 Posts |
You will probably not be the only "FIN" circling the water!  . There are few secrets out there! |
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Pillar of the Community
United States
1316 Posts |
If there are 9 people already in on the otherwise unremarkable coin and it only takes 2 to cause a bidding war, I'd venture to guess that a max bid of ~1/3 the estimated value is unlikely to win. Maybe you get lucky? Happens to me once or twice a year, but usually on foreign stuff that was completely miss labeled, beyond just cherrypicking a variety.
Edited by Collects82
09/18/2020 4:58 pm
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Pillar of the Community
 United States
3237 Posts |
My question is mostly "how much of the graded price is a raw example in the same condition worth"? I don't want to bid $50 for a coin that would be worth $65 if I spent $50 to send it to PCGS, but is only worth $15 raw. Coin is a silver Washington quarter. |
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Valued Member
United States
182 Posts |
My advice, and I'm not really a seasoned eBayer either, If you want the coin for $60, then I'd use that as my max bid. I usually wait until the last 5 seconds of the auction and swoop in (sorry if I've been that annoying guy to any of you in the past). If you bid a max of $60, and the last bid was $22, I'm fairly certain you'd get it for $23. So, bid up to the maximum you'd be comfortable paying. I'd wait till the last couple seconds so you don't drive the price further.
Edited by silverstash119
09/18/2020 2:39 pm
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Pillar of the Community
United States
1913 Posts |
When it's over, please provide a link to the auction.
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Valued Member
165 Posts |
good dont link anything yet yesterday I made a post about a 1984 DDO and some guy bought it quick lool never again |
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Pillar of the Community
United States
1316 Posts |
If you need to make a profit at $60, and would have to slab and sell on ebay to get $60, you probably don't want to be over $15. ebay would take $9, and the slab could be around $35. Hope the buyer pays shipping on the flip. |
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Pillar of the Community
United States
600 Posts |
If by "listed" you mean Red Book values, you should not expect to get that when you sell the coin. Those are retail prices and not actually accurate for that either. You should find examples of what the variety (correctly listed) is actually selling for on ebay in that condition before doing your calculations. $60-$80 might be more like $45. Prices in the CherryPickers Guide should also be taken with a grain of salt. |
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Pillar of the Community
United States
3237 Posts |
@captaincoffee I'm going by PCGS's price listings for the variety. Obviously not 100% reliable, but tend to at least be based on real auction sales figures.
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Pillar of the Community
United States
3237 Posts |
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Pillar of the Community
United States
5770 Posts |
Sorry to hear you were outbid. The winner had a secondary bid amount ready to go if someone outbid his lower amount. Lots of people follow that seller. BTW-That coin is a DDO, correct? Words of encouragement are one of the major food groups.
We need to consume them regularly to thrive and grow.
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Replies: 17 / Views: 2,903 |
Posted 09/18/2020 12:21 pm
