Am I right or wrong? - Page 2

SwendiCoin · 10-16-2009, 12:02 PM

I've seen huge differences beween Redbook prices and other price guides for certain individual coins. I now look at several when trying to get a feel for what a coin might be worth. Just talking in general here, not about the coin in question.

dready · 10-17-2009, 07:18 AM

Name calling and negatives ? Why ?

You didn't say the coin/(coins) were not BU or M65. You're only questioning the value of 1 coin.(To her, not us).

I don't understand the problem. She sees 1 of the coins with a value higher than what you see it at. That's business. If you are unhappy with the coin(coins), Send Them Back ! I don't see a need for negging her.

I have a Morgan that I swear is a 65 all day long. NGC doesn't see it that way. That's called opinion. Just like your sellers opinion. Do I want 65 money for my coin? You bet. Can you blame her if she honestly believes that coin is a 65 ?

If you go to buy a car, tv , boat or whatever, don't you shop for the article at the best price? If you're selling an article, don't you want to sell it for the best price ?, If you are honest, in your opinion, of it's condition shouldn't you expect FMV ? Why should coins be different?

Now, to try to answer your question I'll quote from Coin Prices Magazine.

[quote] How to use "Coin Prices"....... Value listings. Values listed are average retail prices. These are the approximate prices collectors can expect to pay when purchasing from dealers......They derive the the values listed by monitoring auction results, business on electronic dealer trading networks, business at major shows and consultation with a panel of dealers. Grading is by Official ANA Standards" [unquote]

Again, my opinion is, If you're not happy, send them back.............................................. ..........................John

jallengomez · 10-17-2009, 01:46 PM

[QUOTE=dready;713456]Name calling and negatives ? Why ?

You didn't say the coin/(coins) were not BU or M65. You're only questioning the value of 1 coin.(To her, not us).

I don't understand the problem. She sees 1 of the coins with a value higher than what you see it at. That's business. If you are unhappy with the coin(coins), Send Them Back ! I don't see a need for negging her.

I have a Morgan that I swear is a 65 all day long. NGC doesn't see it that way. That's called opinion. Just like your sellers opinion. Do I want 65 money for my coin? You bet. Can you blame her if she honestly believes that coin is a 65 ?

If you go to buy a car, tv , boat or whatever, don't you shop for the article at the best price? If you're selling an article, don't you want to sell it for the best price ?, If you are honest, in your opinion, of it's condition shouldn't you expect FMV ? Why should coins be different?

Now, to try to answer your question I'll quote from Coin Prices Magazine.

Quote:

How to use "Coin Prices"....... Value listings. Values listed are average retail prices. These are the approximate prices collectors can expect to pay when purchasing from dealers......They derive the the values listed by monitoring auction results, business on electronic dealer trading networks, business at major shows and consultation with a panel of dealers. Grading is by Official ANA Standards" [unquote]

Again, my opinion is, If you're not happy, send them back.............................................. ..........................John

I haven't called anyone names here! I haven't seen others name calling either.

You did answer the gist of why I posted, which was to determine how Coin Mag priced vs. Red Book. Based upon their statement, I doubt that any of those auctions or other sells were for non-slabbed coins. Thanks for posting that.

As for the seller, we have worked out a very equitable agreement. As for negative feedback, it takes a lot for me to pull that trigger. I always give sellers the benefit of the doubt and try to work things out first. As a matter of fact, I've only once left negative feedback, and that was for a case of absolute and deliberate misrepresentation that the seller had a history of.

dready · 10-19-2009, 10:02 AM

[QUOTE=jallengomez;I haven't called anyone names here! I haven't seen others name callingeither.
[LEFT]
You did answer the gist of why I posted, which was to determine how Coin Mag priced vs. Red Book. Based upon their statement, I doubt that any of those auctions or other sells were for non-slabbed coins. Thanks for posting that.[QUOTE]

Quote:

Originally Posted by Lehigh96

It sounds like you just paid a few dollars for the honor of giving an E-Bay scumbag seller NEGATIVE FEEDBACK.

[/LEFT]

[QUOTE=tmoneyeagles;I think the point of leaving her a negative, is not only for the bad experience, but c'mon! I mean, is this auction for real? She is running a scam here, trying to rip off new and unsuspecting collectors.[/QUOTE]

I was referring to the thread as a whole, not you personally. Scumbag and scammer.

I have returned items to sellers that I thought were not up to par with their description. I DISAGREED with it. It's called OPINION.(see TPG's). If you are not happy with your purchase, send it back.

I have gone to coin shows and looked at coins, was given a grade and price, Didn't agree with the grade and price, and moved on. Their opinion vs. my opinion.

Jeez, it's less than $10 , not worth wasting space in my brain.........John

jello · 10-19-2009, 10:59 AM

There is always 2 side of a story.but now Ebay won't let a sell leave bad feedback on a buyer.
seller's have to put up with a buyer that won't pay and things like that.you have to have eBay force them to pay that is one rezone I am closing my site down

Conder101 · 10-16-2009, 04:06 PM

Quote:

or does it base MS prices on realized values of SLABBED coins?

They base it on what an Unc coin is worth. If I agree it is an Unc coinI might agree it is worth $12. If I won't agree that it is an Unc unless it is slabbed then I won't agree it is Unc and it is only worth 60 cents. If it is slabbed as an Unc and I don't agree then it still isn't worth $12, at least not to me. The magazine, or the Redbook, just reports what a coin in a specific condition tends to be worth, but the only opinion about the actual condition of the coin that matters is that of the buyer.

silvrluvr · 10-16-2009, 05:32 PM

If you want an accurate price range, just look at the prices realized at auction on eBay, Heritage, Teletrade, etc. Just make sure you're comparing apples to apples....

Just Carl · 10-16-2009, 07:07 PM

Quote:

Originally Posted by silvrluvr

If you want an accurate price range, just look at the prices realized at auction on eBay, Heritage, Teletrade, etc. Just make sure you're comparing apples to apples....

Exactly. What someone pays for a coin is what it is worth.

jallengomez · 10-16-2009, 11:52 PM

Quote:

Originally Posted by Just Carl

Exactly. What someone pays for a coin is what it is worth.

For an idividual coin yes. For a lot of coins that a seller has promised to be above or at least at book value, then one can reasonably expect that the seller is not self-grading MS coins and passing them off at the same value a slabbed one would sell for.

tmoneyeagles · 10-16-2009, 11:58 PM

Quote:

Originally Posted by jallengomez

For an idividual coin yes. For a lot of coins that a seller has promised to be above or at least at book value, then one can reasonably expect that the seller is not self-grading MS coins and passing them off at the same value a slabbed one would sell for.

Thing is the lot shouldn't have even been bought in the first place. Just leave a Negative, and move on, learn from your mistakes, and become a better numismatist.

Unsearched Lots
Grab-Bags
Random Lots
"I promise the value of coins you are getting is worth more than your winning bid" -- Lots
"Grandpa Died"--Lots
"Worked for an old man, and received his whole entire collection"--Lots

All of the above examples are CRAP-Lots. None of these will be truthful and you will get crap, after crap, every time. Trust me. Been there, done that.

jallengomez · 10-17-2009, 12:14 AM

Quote:

Originally Posted by Just Carl

Exactly. What someone pays for a coin is what it is worth.

Quote:

Originally Posted by tmoneyeagles

Thing is the lot shouldn't have even been bought in the first place. Just leave a Negative, and move on, learn from your mistakes, and become a better numismatist.

Unsearched Lots
Grab-Bags
Random Lots
"I promise the value of coins you are getting is worth more than your winning bid" -- Lots
"Grandpa Died"--Lots
"Worked for an old man, and received his whole entire collection"--Lots

All of the above examples are CRAP-Lots. None of these will be truthful and you will get crap, after crap, every time. Trust me. Been there, done that.

I've actually gotten value after value many times. I'm not as pessimistic as you. You can call me naive, but I expect honesty out of sellers, not lies. Granted, I do a lot of deduction based upon items for sale and items previously sold, but I take people at their word unless I see red flags.

yakpoo · 10-17-2009, 12:28 AM

Quote:

Originally Posted by jallengomez

I recently purchased a lot on Ebay(yes I know!) in which the seller guaranteed more than the value of the final bid of coins from this estate collection. It was under $10 so I did not stand to lose much. Based upon her estimation, the coins would have been over double the final bid. She had a 1955 D BU cent in cardboard holder with MS 65 and $12 written on it. I explained to her that were this coin slabbed from a recognized grading service it would indeed fetch about $12 or so, but that 2010 Red Book value for a loose coin like this was .60¢. She writes me back and tells me Red Book, being an annual guide, is out of date before it's published and that she uses Coin Magazine because its values are up to date. So I suppose that since the 2010 Red Book was published that the value of a common Lincoln Cent has risen 2000%? Wow that book really is out of date! Does Coin Mag inflate prices, or does it base MS prices on realized values of SLABBED coins? I've never read the magazine.

Hi...I'm not quite sure I understand. Did you know or see what you were bidding on before "winning" the auction? Can you post a link to the auction so we can offer an informed opinion?

chip · 10-17-2009, 01:44 AM

I do not think it is a question of who is right or wrong, what we have here is a failure to communicate.

tmoneyeagles · 10-17-2009, 10:51 AM

Dready,

I think the point of leaving her a negative, is not only for the bad experience, but c'mon! I mean, is this auction for real? She is running a scam here, trying to rip off new and unsuspecting collectors. This is more bull than the U.S. Mint's apologies (We can expect at least two of those each year)
The negative goes a long way in teaching that scammer a lesson. Maybe not 1 negative, but as more people start to catch on, just wait until you see "No Longer A Registered User" under her eBay user ID

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