Is this allowed? If it's listed on GC, that means it's in their possession. If I were to buy it on ebay right now and bid on GC, what would happen? By the way, I'm not interested - it looks cool, but is out of my price range. https://www.ebay.com/itm/2347184271...uid=sDh-MXVLRNi&widget_ver=artemis&media=COPY https://www.greatcollections.com/Coin/1352650/1945-S-Jefferson-Nickel-PCGS-MS-66-Toned
It shouldn't be allowed. If GC has it listed in the upcoming Sunday auction then they have it in hand. It makes me wonder what's going on with the ebay seller. I'm going to message the ebay seller to ask him what's up. Maybe he'll take it down. Otherwise, I'm going to send a message to GC. Thanks for posting this.
I'm interested to hear what you find out. I think the ebay listing has been up for a while, so I imagine he just neglected to take it down.
I'm also interested to see if it gets any bids. I thought he was way over-priced, but after seeing how much this went for last night, maybe I'm wrong: https://www.greatcollections.com/Coin/1335148/1943-S-Jefferson-Nickel-PCGS-MS-65-Toned
It usually takes a month or more to get a coin listed for auction by GC after they receive it. So I doubt the ebay seller had this coin listed for that long unless there's a way to automatically relist it after no bids are received.
It probably got automatically renewed and the seller forgot to take it down. I've seen ebay auctions still up for coins that I had bought and already had in hand. It happens. Just reach out to the seller and remind them. I can't see how someone would do this maliciously. It can only end in inconvenience for them.
That’s my guess too. Someone just forgot to remove the coin when sending off their consignment to GC. Now I have seen an occasional attempt by people to presell coins from GC. They list it at some amount above what they think it will sell. If the listing sells, they bid enough to make a profit. If that is bid isn’t enough, they just cancel the eBay sale.
Hi - this was likely just someone forgetting to take it down from eBay before shipping to us. I am reaching out to the consignor about this coin. Thank you for mentioning. (GC always has possession of every listing on our site - and we do want consignors to keep something listed elsewhere, as it can lead to confusion). - Ian
Thanks for watching posts in this forum and providing feedback. I have a question for you unrelated to this post; I mentioned this in a post pertaining to PGCS Coinfacts a week or two ago. Do you know why PCGS doesn't include GC sales in their recent auction results? Thx
I recall in previous instances that this was asked, GC responds that they want people going to their website to check the sales history (which in part could entice those people to bid on upcoming auctions) as opposed to it just being on the Coinfacts page (and likely having less people click through and go to the website).
I actually go to both sites for sales histories. I'm not sure if it would really matter if their sales history was included in Coinfacts. Coinfacts only shows the most recent (recent is a relative term) sales. I would still go to the GC archive to see a more complete history since it gives me a rough idea of how the value of a particular coin has increased in value over a longer time period. Plus, I can view the images of the coins that were sold to get a feel for why a particular coin may have sold for more than another (strike, eye appeal, etc.). One problem I have with Coinfacts is with ebay sales; poorer quality images or no images at all (older sales).
I got a message from the seller telling me that he forgot to take his ebay listing down. This is what we all expected.
I think you're right. I've had something similar happen many times with the PCGS registry. I enter the cert. no. of a coin and get told it's in somebody else's registry. PCGS sends them a reminder email. This usually works because they forgot to remove the coin from the registry when they sold the coin. But a few times I've had to send pics of the slab to prove I have it. Cal
I can see plenty of people doing the same as you but for some reason GC has been pretty steadfast on the issue. Maybe they have some data to justify it or just figure why change now when sales are picking up. Another point is that having the result linked on Coinfacts can sometimes hinder resale. Some people will see the result and not want to pay any more than the GC result. Now this isn't an issue for GC but it could be for people that buy from them to resell (and if that is a large enough group, then maybe GC does consider it their issue too). As far as eBay sales on Coinfacts, I agree with you. Another issue is that Coinfacts picks up eBay items based on titles and that causes errors. I've found examples where the wrong coin is listed (one big example is a Mexican gold coin that I was looking up and Coinfacts linked a silver version, which skewed the auction results-although it was obvious when you saw the price and click the link).
My practice at shows if something sells I take it down from the online store. People can forget this. Many times if lining up something to bid (world matl) on at GC will check what an eBay seller has it for so buy it right for inventory, retail selling. Or check CF for eBay bid history avoid bid war with some rich collector. Bid wars reduce profits!
Excellent practice. I was at a show a few months ago and had consummated a deal and the dealer halted the transaction while I had my hand extended with a couple of thousand dollars in it so he could remove it from his website. I commend his action but not his timing.
I've bought stuff from a dealer who said "oh I need to take it down from eBay" and then discovered that the free Internet provided by the venue was worth what he paid for it. Of course the expensive paid Internet worked just fine but costs more than the sale.
How would u know what he paid (inventory cost) for it? Certainly an online venue he had x pct sellers fee but at a show he’s fighting the table fee and other expenses. So which WR (small or large gain ) he’s going to try to hit can vary. However at a show if he needs cash flow (car repair, income tax bill) he may come down. The monthly overhead costs of all venues and other fixed costs (supplies, meals, business interest, travel, fees) would be part of the markup factor for everything. Possibly inventory cost plus 50-100 pct (depending on inventory class) which is typical in retail businesses. Or maybe he does pad up a particular venue. I do believe in promptly deleting online item asap if show sale but would not hold up sale to customer / getting their money. Let’s don’t drop the ball if making a big reception - right?
