The "I don't buy Coins from coin dealers at shows and stick to online buying" thread

Log in or Sign up to hide this ad.

One aspect of coin collecting that a show provides is the challenge of putting together whatever set I am working on at the time. I enjoy the "hunt"...that is the process of going out and looking for the coins. Going to ebay is almost like tying an animal up and shooting it...no challenge. Just whip out your credit card and you can buy most anything. If just owning the coin is what a person is after then I guess ebay is what you need. One of the best parts of the hobby for me is the persuit.

 

I totally agree that you can buy tons of coins quite easily. The problem is like any other venue that the vast majority of coins are above market value. I don't mean above greysheet or coinfacts auction records. I mean accounting for proper adjustment for quality and then yet even higher.

There are deals buried in there but you just have to be patient and set your filters properly.

So it is like shooting fish in a barrel but only if you have tons of extra money and you don't mind paying overmarket rates.

 

And here's some of the fun you can look forward to:

https://www.cointalk.com/threads/post-office-claims-anyone-have-this-happen.252576/

 

Happened to me once , with all the hassles I ended up eating around $350 .

 

sorry to hear that

 

Even though it happens more than it should most neighbors return any packages . The one I lost was one that said it was delivered but not to my house , I suspect a temporary postman kept it himself as we had a lot of complaints of undelivered mail . One reason I now ask for a signature to anything over $100 to my house .

 

So example. I was told by someone on ignore I can't do what I said is possible. So I wanted to post my recent purchase and let everyone look it over and tell me what they think.



I bought this coin. It is pcgs pr 65 rd. I spent this for it.




Here is what similar non toned coins are selling at.



So excluding the $1410 example the trading range is $776 to $881. If you want to only compare pcgs to pcgs (which I kinda want to do) the trading range is $793-881. For reference although not really relevant grey is $1050.

So now you say "the coin is no longer red it is red brown.it toned in the holder and is no longer in an accurate holder.". I understand this statement. But check this out. It didn't. Pcgs graded this coin red knowing what it looks like now, and are so impressed it is now a coinfact example coin.



So please judge me. I just bought the coin I would consider it part of my examples that coins already slabbed in pcgs and ngc holders are usually found cheaper online then at a show. It took me less then a half hour to find.

Personally I would never expect to see this coin under grey at a show and would expect retail to be around $1300-1500. Not only is it toned but pcgs uses it as a coinfact example coin.

So either Stewart dandis is right and all I'm doing is bragging about how smart i am, (and I think it would be pretty smart to buy this coin at this price) or I'm trying to show my ideas about buying on line are accurate and I'm backing up my buying strategy ideas with examples and proof that someone with a lessor knowledge base of coins is able to still buy great coins at prices that would not be offered at shows by using online markets combined with pcgs and ngc certification and real time pricing information available to the online buyer. Every example of a great buy at a show was a dealer selling a coin they didn't know about (dealer error) or raw coin bought well. What a lot of customers are pointing out is at a coin show the pcgs and ngc material is usually at high retail, and this coin in a pcgs slab would not be found at a show as a coinfacts example coin selling under grey. When I say high retail I don't mean over grey. I mean over the "over grey" value the coin would probably sell for. Yes I know it is subjective the over over grey value but it seems rather universal that the retail buyers that post here have a consensus opinion that this is the case.

So while my biggest critic of this buying strategy has me on ignore and I won't be hearing from him please look at my example, look at my proof and tell me am I on to something or did I overpay and I am just totally wrong about my online buying ideas.

(Ps I used $90 eBay bucks so factor this however you want)

 

Congratulations! Great coins come from many places and you might have obtained a great deal and coin! Bravo!

Assuming you have a return option, that would reassure me if I were the buyer. I would want to examine the obverse carbon spots and the scratch on the back. The carbon spots (not uncommon) may be insignificant and the scratch could be on the holder. Nonetheless, it looks very attractive to me and it looks to be a very nice price obtained (without doing my own research).

 

BTW - not sure about putting too much into the fact that there is a picture of the coin on CoinFacts. Aren't all tru-view pics taken by PCGS shown on their CoinFacts page associated with the grade and toning qualifier?

 

My point is if coinfacts thinks it is pretty enough to be used as an example for the series maybe it is a good quality coin. But not all coins are chosen to represent the type (proof,uncirculated), toning qualifier and cameo/dcam. Just a few. Just because your coin has a tru-view pic doesn't mean it is chosen to be used to represent the category.

 

Yes, if you have the $$$ you can get all your coins on Coin Facts. I have a 1921 Alabama Comm. PCGS XF40 that's in there. I was shocked to see it there. I've seen common coins in G4 listed there and wondered why.

BTW, my 1921 doesn't look like the Coin Facts photo very much, it's not as dark.

 

I'm pretty sure not only did I reference your "awesome reference" but it is even in the picture of the pcgs coinfacts records I posted.

Aren't you the guy who says each coin is not the same? The coin you showed is different. Not the exact coin. My coin is the pcgs coinfacts example. And I'm ok relying on pcgs's judgement of not posting a coin damaged as an example coin. But hey I have return policy so I'm all good.

But it does prove one thing. I was specifically told By multiple posters on this thread that I can't consistently buy good coins on eBay cheaper then at shows. It is just another data point to show hey maybe I can do exactly what I said I can and hey look I can prove it.

It doesn't prove anything about what you doug have said but it does prove something about what others have said.

 

Please show me which of these coins looks like a xf 40? People keep confusing truview with the example coins on coinfacts.

 

VV - did you look at the view by grade button for XF examples?

 

No pictures. If I'm missing it please show me the picture and link the URL please.

But either way you are missing the big picture. Pcgs chooses a few of the pictures for the opening picture, not by grade. This coin is the example for the opening page for all grades.

When you click details only one picture shows up.