Recently someone posted an Isle of Man coin and it made me curious so I looked up some Isle of Man coins on eBay and I was watching this coin. 1975 2 pence. It has a book value of 25 cents in XF. With a little less than 4 hours left, the price is up to $15.50 for a coin that should sell for a dollar or so. I don't get it. There is a silver version of this coin in Krause but this obviously is not it. http://www.ebay.com/itm/281109205705?ssPageName=STRK:MEWAX:IT&_trksid=p3984.m1438.l2649
supply and demand. someones demand is great. I have bid way over on certain scarcer coins "a had to have" sitiuation. if a coin on your want list only comes up once every 10-15 years yeah you might over bid. i did it. lol
This one has a mintage of 750,000 which for world coins is not that small. Maybe they just don't come up for sale. I'm not familiar with the market for these.
I really never worry about sub $20 coins, knowing their realized prices can be all over the board. When we are talking about so little money, if you really want a falconry coin for a present or something, are you going to give a rip if its $1, $5, or $15? I wouldn't. If I had a falconer friend, I might have bought it at that price. $15 is still really cheap for a gift for a friend. I guess I am saying the topic is also part of this. I would be a lot more confused if the coin was something like a XF 1974 US or canadian dime or something similar. But cool design I really do not wonder about sub $20. Many people cannot even buy lunch for that nowadays, (not me, but I am cheap).
it all depends on what your price range for buying coins is. my coin buying limit is usually $1-200.00 max. once I made 2 payments on a 1/2 oz 1986 San Marino gold $375.00 coin and sold it for $900.00 because I came upon hard times and I needed money badly...... otherwise I would have never sold it. now a days I keep my coin buying in the $1-100.00 range. it all depends on the coin and grade.
I understand sir, but when you are below $20 one can easily afford it by skipping a lunch or something. Once you get down to the area where a tiny little life change can raise the money easily, (for some people at least), then I am simply saying more variabililty in that range is understandable. Plus, its Ebay. They overpay for common coins ALL of the time.
It's all a matter of perspective. Below $5 is where I live in coin buying. My standard eBay search is set for $5 or less, and to me it matters a lot whether I overpay by a dollar on something. I know you buy expensive ancients that can cost hundreds of dollars, so it's a different perspective. For me it's not so much that I don't have a lot of money to spend on coins (though I don't), but it's more about feeling like I got a deal. That's part of the fun of collecting for me I think. If I just said "I don't care what I pay, I'm going to get this coin," not only would my wife kill me, but it wouldn't be as fun. For me when a 25 cent coin sells for $15, that's worth taking note of.
Actually it was only two, but that's all it takes. I've sold items that have been bid up to ridiculous levels... and others that have sat there and sold for less than cost. It's all a matter of timing.
