The Dollar and Euro as of today are worth the same. I occasionally buy coins on Italian eBay and it's nice that a coin priced at 100 Euros is also $100. Dollars. I remember not too long ago when the Euro was worth much more than the Dollar.
It makes no sense. With the trillions of dollars added to the ledger they should be worth less. I don’t understand how the prices are all higher but somehow the dollar isn’t worth less.
They theoretically should be but the European countries are in an even worse state so their currency is getting even weaker relative to the dollar.
If you are in charge of the fed, for instance, and you ignore the rules of economics... and if all the other major banks in the world did the same.... it's almost like you could just make it up as you go....
It's almost like there's no real rules of economics because its an entirely made up human construct. That said the Euro and major countries of the world have had just as bad if not worse debt and did the same free money things, people just seemed to all of a sudden noted recently. There's multiple countries that should have never been let into the Euro and are just a welfare state as well
I remember a time, around 2010 (roughly) when the euro would buy me 1,50 dollars. It was 'buy-time' during my trips to the U.S.A. Now, it's headed the other way - no more buying coins in the U.S for me....and much more competition from the U.S in local auctions. Not so good for EU collectors, but, yes, it's an ideal time for US collectors to more actively bid and buy in Europe. It's all a reflection of the relative weakness of the EU economies compared to the US, as well as a few other factors. like the extreme dependency of key EU economies (above all, Germany) on Russian energy. I seem to remember somebody in the U.S warning the German Government some time about that .....? The European Central Bank stubbornly refuses to raises prime rates on the EU for fear of making life difficult for the weaker economies. The danger is that inflation will rise even higher, which means the Euro will probably continue falling.
Now all we need is American sellers to use realistic postage and packing prices, paying $16 P&P for a $5 coins is ridiculous. It’s more cost effective to buy new US releases from Germany than from the states
Unfortunately this is what it costs us. When I first started selling coins on eBay maybe 8 years ago, an international package could be sent for around $7. Then suddenly it doubled, and it just keeps going up since then. When I sell one or two coins I put it in a regular letter with a $1.40 international stamp, but once it gets too big or heavy you have to use a package rate. I almost don't even want to sell big orders internationally because I feel bad sending someone that invoice with the big shipping fee and I'm always expecting complaints.
Yes, I remember when say a coin on Italian eBay that I wanted was priced at 100 Euros and I would have to pay $150. American for that coin. When it comes to buying from Europe I like a strong Dollar.
Those are realistic prices. Many years ago the USPS negotiated a terrible deal (like basically all their deals) with the other post offices of the world where its much more expensive to ship from the USA than to the USA.
Australia is the same I buy quite a lot from a seller in Queensland and he saves my orders up for a couple of months and then ships them together for one price. I am an avid collector of the commemorative quarters that the USA issue and have found that buying them from a German dealer is more cost effective.
