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I Can't Stand It !

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numismo's Avatar
United States
3039 Posts
 Posted 05/10/2011  09:23 am Show Profile   Bookmark this topic Add numismo to your friends list Get a Link to this Message Number of Subscribers
Page after page of unbid, unsold coins at inflated prices on ebay since they implemented a no listing fee, no buy it now fee policy. Sifting through all this junk to find a nice coin fairly priced always was tough but now it's maddening. In a post a few weeks ago (prior to the new fee policy) I predicted that this would happen.UGH![xx(
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Prethen's Avatar
United States
3233 Posts
 Posted 05/10/2011  09:29 am  Show Profile   Bookmark this reply Add Prethen to your friends list Get a Link to this Reply
I have to agree. I have a very limited span of coins I look for and mostly the only hits I find are for the same ol' over-priced drek. Our only consolation in this is that the sellers have to constantly pay fees to post that crap.
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carmykle's Avatar
United States
2448 Posts
 Posted 05/10/2011  09:34 am  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
Really? No gems luking in the junk? I'll have to give a look tonight after I finish my yard work.
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BadThad's Avatar
United States
19935 Posts
 Posted 05/10/2011  09:40 am  Show Profile   Bookmark this reply Add BadThad to your friends list Get a Link to this Reply
Yep, my prediction too....it's a mess now.
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bobby131313's Avatar
United States
24149 Posts
Rest in Peace
numismo's Avatar
United States
3039 Posts
 Posted 05/10/2011  11:22 am  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
No consolation Prethen. No listing fees. Just a big 9% final value fee. Paypal fees too.
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upstate's Avatar
United States
3278 Posts
 Posted 05/10/2011  11:35 am  Show Profile   Bookmark this reply Add upstate to your friends list Get a Link to this Reply
I pretty much don't use ebay anymore to buy coins,
to much junk and at times crazy prices.
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KenKat's Avatar
United States
4085 Posts
 Posted 05/10/2011  12:23 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I use a targeted search and that's still working well - for example, in Lincoln Wheat Cents, 1920-1929, I search for (BU, MS, UNC*) 192*. This gives me anything that matches BU or MS or starts with UNC AND has 192 in it.
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Conder101's Avatar
United States
17884 Posts
 Posted 05/10/2011  12:30 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply
I'm not having any problems. Oh the advantages of not collecting the same thing that 90% of the rest of the collectors chase. My only problem is that most everything that comes up is common material that I already have.
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United States
3184 Posts
 Posted 05/10/2011  1:17 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
forget ebay, I enjoy buying on the forums :)
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Bryan1315's Avatar
United States
14454 Posts
 Posted 05/10/2011  2:39 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I listed a few of my duplicate VAM's at what I thought were high prices and to my dismay they all sold one for the BIN price which was 250.00 over what I thought it should bring. The thing about it is the ones that purchased these VAM's now have the coins relisted at 3 and 4 times the price they paid. (one sold for 400.00 and is now listed at 1500.00, one sold at 360.00 and now listed at $1000.00, and another at $350.00 that is now listed at $900.00) so which one is crazy, me for selling so low or them for thinking they will get those prices?

Quote:
Our only consolation in this is that the sellers have to constantly pay fees to post that crap.

This used to be true but since they can list and add a BIN without any fee's now this is not the case any longer
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Earle42's Avatar
United States
10034 Posts
 Posted 05/10/2011  2:51 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I used to be an avid ebay seller back in the late 90's. Then they turned into greedbay. I still use it sometimes, but only when I have no other option - I get tired of them getting such a large chunk of the profits compared to the old days. However, I still do buy some things there and am looking at a few interesting coins right now.
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Chriscoinmaster's Avatar
United States
337 Posts
 Posted 05/11/2011  08:31 am  Show Profile   Bookmark this reply Add Chriscoinmaster to your friends list Get a Link to this Reply
hmmm I had no idea this was happening but then again I don't use ebay that much. You guys are right though
the fees they keep making have ruined what used to be a great thing
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Conder101's Avatar
United States
17884 Posts
 Posted 05/11/2011  3:01 pm  Show Profile   Bookmark this reply Add Conder101 to your friends list Get a Link to this Reply

Quote:
so which one is crazy, me for selling so low or them for thinking they will get those prices?

Depends on whether or not they can actually GET those prices. If they can't then maybe you didn't sell too low.
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vermontensium's Avatar
United States
16677 Posts
 Posted 05/11/2011  3:07 pm  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I always ask our members first if I need anything
I'm working on Barber dimes right now and have been VERY selective what I have bought on ebay. I have purchased a few, including an 1895-O which I scored on but, I agree ebay sellers are a coin toss. Just make sure they have a return policy in place in case of switches or just not what you expected in hand.
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Valued Member
United States
284 Posts
 Posted 05/11/2011  3:39 pm  Show Profile   Bookmark this reply Add christian_cyclist to your friends list Get a Link to this Reply
I always avoid Buy It now and look for the auctions that start low, like $0.99 or whatever. Searching for completed auctions is great too. I've tabulated averages and the strategy works great. It helps me set my threshold. If someone out bids me then I add the data point and move on to the next. It may increase my max bid by 10 cents or so.

But yeah, lots of overpriced stuff on ebay... and not just coins! Maybe this nuclear bidding and high asking prices that are driven by ebay fees is in turn driving inflation?

-- Boris
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