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Ebay is not a good indicater of actual coin prices.For instance, Joe Scmoe from somewhere in the country,who does not have a coin dealer within 100 miles, is likely to pay more for an item on ebay than someone else.He also, may not be very knowledgeable in the coin market and think the coin is worth X amount of money ,cause thats the price listed in the magazine.
There are many items that sell for more money on ebay, than in most coin shops.And there are many, many items that coin dealers sell for far more than you can buy on ebay.A knowledgeable collector can figure this out, and actually make money both ways.
One example, the 2001 silver Buffalo proof dollar. Most dealers sell this item for $150.
On ebay,a seller with high feedback can get around $200. This is also a good example of hype. Is the coin only worth $150, cause thats what the coin shop sells it for? Or is it worth $200(about $180-$190 after all the fees) because thats what you can get on ebay?
Some of the auction houses, in my opinion are also not good indicaters of price.A lot of times coins end up selling for far more than there actual market price.If you include the 15 % buyers fee and other such fees associated with auction houses. (heritage, Teletrade) Some times they end up selling for less than market prices.
Sometimes there is not an actual market price, cause the coin may be pretty rare. And sometimes a collector or dealer may make a high bid ,because thay just have to have that coin.
All in all, the coin will only be worth what someone is willing to pay for it. An outrageous example, a PCGS graded pf-70 1993 $ 50 one ounce gold proof sold for $30,000+. It is deffinately not worth even close to that to me, or many other collectors. Or let alone, could I even afford it.
Thats one of the worst things about collecting US coins. All of the hype!!
Just my two cents!!
CLAW
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