Most overpriced coins on Ebay

And the thread is like selling half dollars for $100 when they're worth 50 cents.

 

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Once I saw that you could buy bank rolls of half dollars at $15 each on the bay when you can order boxes of them from banks.

http://www.ebay.com/itm/One-Unsearc...940739?hash=item1c34348243:g:gAcAAOSwBLlU8NrL

 

I won't buy any circulated coins on e-bay anymore. I've been burnt too many times.

 

Business is good. He has sold 2,696 of them.

 

Then they weren't overpriced. They were priced for that particular market.

If, for example, I go to 7-11 and pay 2.49 for the same loaf of bread that I could have bought for 1.39 at Safeway then was the bread overpriced at 7-11? No, it wasn't. I paid for the convenience of not having to drive across town and then stand in line for 15 minutes at the checkout counter.

Regardless of whether or not something could be purchased somewhere else for a lower price if it sells then it wasn't overpriced at that particular time and place to that particular buyer.

 

http://www.ebay.com/itm/1-UNSEARCHE...133206?hash=item58d07027d6:g:8vYAAOSweW5VCW7z

http://www.ebay.com/itm/Wheat-Penny...737627?hash=item4af2f53b1b:g:FDUAAOSwT5tWLnLD

Not exactly Ebay but close: http://www.amazon.com/10-00-40ct-Roll-Silver-Coin/dp/B004GHUGLG

 

"Unsearched" wheat rolls. A seller just bought a dime off me, I know where it is going.

 

sheesh, and he has sold over 2700 rolls!

 

"Also keep an eye out for the following:

• 1776-1976 Bicentennial's"

Wow, I didn't know Bicentennials were rare! I have never met anyone who saves those! The mintage for them is like, the same as most other halves!

 

Guess people love a treasure hunt. Don't see anything wrong with what he is doing. He is certainly very upfront about what he is selling.

 

I've been known to pay a bit for a toned Morgan myself $900 for a $75 coin for example. But oh the color!!

 

I'm 12, and don't have jobs like you guys do, so none of my coins are THAT expensive, unless you would call my 1888-S Morgan that I got for free expensive.

 

Yeah I know that feeling. I didn't have any expensive coins at 12 I think my most expensive was around $18. Was a 1800/79 large cent

 

So the toning is worth 12X the money?..

 

Well in this case it was to me and at least one other person. I love monster toned coins not just Morgans nearly all my collection has some color even if it's just original gray

 

If it sold for that price in an auction, how is it overpriced? I call an auction price "market value." It is extremely common for rainbow toned Morgan Dollars to sell for many multiples of the established price guides. That in and of itself doesn't mean the coin is overpriced.

 

You have been a member of this site long enough to know that the answer to that question is YES!

 

We tried to value toning, this is a good read if you have the time.

The Toning Premium Thread

 

Bite your tongue, Rainbow Toned Morgans rule, and here is the king.



Not mine, it is from the Sunnywood collection, and I envy the person who bought it.

 

Killer coin. That collection was amazing.