CoinTalk

Welcome to Coin Talk! Register Now, it's easy and FREE!

Thousands of coin collectors, numismatists, coin dealers, bullion investors, and enthusiasts make Coin Talk their number one source for numismatic news, information about US and world coins, discussions and community.

You are currently viewing Coin Talk as a guest, which limits your access to content, contests and information. By joining our free community, you will be able to join in discussions, contact other members, place free advertisements, enter contests, and much more. Registration is easy and free. Register Now


Go Back   CoinTalk

Notices

View Single Post
Old 07-23-2006, 01:18 PM   #24 (permalink)
GDJMSP
Numismatist
 
GDJMSP's Avatar
 
Join Date: Nov 2002
Location: PA
Posts: 23,515
No, you are not alone in feeling that way. But a large part of the reason for that is because many collectors have little or no idea of what their coins are actually worth. The value of any item, coins or anything else is not determined by what you paid for it. It is determined by what you can sell it for. And no, I do not mean by what you can sell it for on ebay.

The recognized market value of a given coin is determined by what a knowledgeable buyer will pay a knowledgeable seller. And quite frankly, ebay is populated to a very large degree by a bunch of buyers who are fools and know nothing. They overpay for items each and every day that they could go to a reputable dealer's shop and purchase for half the price.

Now, if my comments offend you or anyone else - I'm sorry for that. But what I have said is quite true - it is reality. It is the way the coin market works. Everyone who has ever been involved in the coin market for an extened period of time knows this. They know that if you buy a coin 1 day for $100 and then try to sell it the next day that the absolute most you can expect to be paid for it is $80, and that's if you are very, very lucky. In all probability you will only receive about $60 - $70. Again - that's how the coin market works. And anyone who expects any different is fooling themselves.
__________________
knowledge ..... share it
GDJMSP is online now   Reply With Quote
 
» Newsletter
Sign up for CoinTalk's Newsletter
enter your email address below.
» Unanswered Posts
Do You Have the Answer?
» Sponsors

» Today's Top Posters
Top Posters in Last 1 Days
[38]
[25]
[25]
[21]
[19]
[17]
[12]
[12]
[12]
[11]

All times are GMT -4. The time now is 06:20 AM.


vBAdvertise v1.0.0 Copyright ©2009, PixelFX Studios
vBCredits v1.4 Copyright ©2007 - 2008, PixelFX Studios
Copyright 2008 CoinTalk
"Wiki" powered by VaultWiki v2.5.0.
Copyright © 2008 - 2009, Cracked Egg Studios.