I really want to but I just can't

I really want to buy this awesome pattern but I just can't pay what the guy wants. I have always wanted an eliasberg but I can't pay $3800 for a coin that pcgs retail is $2800. I could go a couple hundred over maybe even $500 but just can't can't go 1k over on a $2800 coin. I would have no problem paying $3800 if there were auction records going at $3300-3400, but I just can't where it is now.


Yes I get that it is cool but I just can't pull the trigger. Anyone else ever felt this annoyed? And I really do understand market economics so I don't need an explanation of supply and demand. I am just asking what is "the one that got away" from you. Pics if you can please

My coin for the thread. It amazes me that I can buy this coin for so little. Again I understand supply and demand but to have a 1834 1/2 dime in pcgs ms62 bid so low surprises me. Sorry about the lesser photo quality.

 

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He's asking the premium for the providence I suspect. Its one of the few that I would pay for. Strike when its available or you may regret it

 

Personally I don't think Eliasberg's name on the slab is worth $1000, but maybe that's just me. I don't care who owned a coin before me; I wouldn't ever pay a single penny more than a coin's otherwise worth just because of who owned it before. Not even Eliasberg, sorry. Save that $1000 to spend on another coin instead of some guy's name, I say.

 

Like I said I could go 10-15% for the king of names but I just can't get my finger to click buy for something higher

 

Me, I'd go 0%. I'm a coin collector, not a name collector lol... but it's your money, do what you like. (The fact you're hesitating though means you agree with me more than you'd like to admit, IMO.)

 

It means I'm not willing to do a 35.7% premium

 

Personally I agree with Troodon.
On the other hand, you said that auction prices don't go this high for this particular coin. However, don't they generally go higher for Eliasberg slabs than non? In that sense, the price may not really be a premium over what this particular example is worth in this slab.

 

I think they will have some markup but I can't swallow 35%

 

I'm on the fence with provenance. I don't care about autographs, never remember the author of a book, wouldn't step out of my way to shake any famous person's hand, but when it comes to coins owned by "coin famous" people, I do have a mild interest.

Not enough to pay a premium like that, though!

 

The ones that got away? Mine are:

Hawaii 5 oz silver puck
Acadia 5 oz silver puck
Baseball Hall of Fame gold proof and unc.

Each were coins I was interested in but figured my wife would've killed me if I bought.

 

The seller likely go buried in the coin when it was originally auctioned off. Now he's trying to unload it. I wouldn't pay $1K more for a name. I would and have paid some premium for coins from a famous collection, but not that much.

 

Since it appears that there haven't been any bids placed on it, why don't you contact the seller and make him/her a lower offer? Be humble and polite, but if the seller rejects your offer, maybe he/she will come back with a counter-offer.

I've used this approach many times with pretty good success. At worst, all they can do is say "No!" In the end, if the coin doesn't sell, the seller might want to reconsider an offer from you.

Chris

 

Buy now and avoid regret. It is only money. You will earn more.

OR

Wait until within final day of auction. If still no bids, contact seller and let him know you are interested and give him your max offer.

I hope you get it. TC

 

http://www.ebay.com/itm/1859-PATTER...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557

Is the same coin that went unsold 3 weeks ago with a starting bid of $3600?

 

I'm in this camp too. I do believe the history if a piece does add to the value. How much...well, that's up to the individual collector so it's hard to put a defined price on. A coin from a famous ship wreck might be worth a 35% premium. In my eyes, a coin from a famous collection isn't worth that big of a premium.

 

Sometimes it is better if selling to not drop the price when you relist but to up it a bit. Psychologically this puts someone who is looking at it to realize that 1) Their opportunity to get it at a lower price may have passed, and 2) Tell the customer who is interested that it may continue to go up.... in other words, the starting bid was the starting bid and get in before you lose out.

I've had sales years ago on ebay where an item didn't sell and instead of relisting at the same price or lowering the price, I upped the price and it sold. Things happen.

 

Done before I posted the thread.

 

What did the seller say? Was there a counteroffer? You don't have to be specific.

Chris

 

I agree.

Presumably, a provenance on a coin indicates that the coin is special in one way or another and that the previous owner saw something which others may not have seen.
That provenance may or may not be of value.

No doubt, Eliasberg is a well known name in the numismatic community but boosting that "provenance" by as much as the seller is asking is simply a fishing trip.

As suggested, make the seller a sincere offer and hope for the best or you'll definitely regret it when "you" end up selling it at a loss.