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Old 07-23-2006, 01:43 AM   #23 (permalink)
mcgrover
Junior Member
 
Join Date: Jul 2006
Posts: 24
IMOH Ebay has been as successful in the coin business because B&M coin dealers are just so opportunistic that their SOP is borderline dishonesty, and selling coins to a dealer can be one of a coin collector's most painful introductions into the business, especially if you need some $ in a hurry. And they'll wave this crumpled rag of newsprint at you called the Graysheet and say here, here's what your coin is worth, about 25% of retail for non-key, non-bullion pieces. This Graysheet is the dealers' way of taking advantage of people who may not know what they have. Before ebay if you didn't like one dealer's price you could go to another dealer and get the same price. Bid deal. Now the key to selling on ebay is large photos, because you can't see the coin. If dealers had such integrity and product knowledge, TPGs never would have started. And ebay wouldn't have seemed so attractive to collectors like me who got sick and tired of giving our coins away to dealers, to see them turn around and get full retail or more for what we just gave them. Am I alone in feeling this way? mike
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