eBay Has Overpriced Coins

I saw some beautiful UNC Jefferson nickels on eBay from the 30's & 40's and they are overpriced compared to what Coin Prices Magazine says.

David

 

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I only pay what the coin is worth to me.

Sometimes that ends up being more than what any given price guide says.

Be patient. you will eventually find something you like, at a price you can live with.

 

Like Jody said, be patient. Also, Ebay is huge -- try searching every few days, and put what you are interested in on a "watch list" to track and see if they might close at a price that is right for you!! If the price is right, snipe it!!

 

Jody makes a good point. If you are buying the coin for your collection with the intent of appreciating it for many years, the price guide is not important.
Also, price guides are only guides. None of the values listed are etched in stone. Pay according to how choice that particular coin is, not what grade has been assigned to it. Not all coins within a grade are equal.

 

Ive gotten a couple alright deals on ebay. But I agree its what you are willing to pay for it.

Some are listed higher since there is demand. Example is the Bob Marley silver coin that is $45 I think in the krauss book but you will see it going for $125 on ebay.

Its up to the individual and what its worth to them.

 

I use this good site to buy coins as an alternative to eBay.

http://www.mtvcoins.com/

David

 

I have found a few ebay sellers with websites and generally I will deal with them through their website after my initial purchase. I have developed some closer relationships that way and you can negotiate pricing & shipping/handling.

 

Can anybody recomend some good coin dealer websites where I buy right online?

David

 

Silver bullion coins: John @ www.silver-eagle-coins.com

 

Yes, I suppose I could relate some positive experiences.
Exactly what type of material are you looking for?

 

Right now I am looking for BU nickels dated before 1969.

David

 

I can usually find what I need from this dealer.

On eBay, I have had a lot of sucsess dealing with bfox331, cagsr, and raha111.

I haven't had any bad experiences with any of those folks. Keep in mind that there's always a first time for everything, and you might not be as lucky as I have been.

 

You must not have seen the most recent Heritage auction. For $500. you get a MS67 nickel plus their outrageous commision. Of course, you must pay in 7 days, can't return the coin unless it is counterfeit and leave your current spouse and the 2005 Hummer as collateral. If you know what you're buying, not having to hire a lawyer to read the "terms of sale" and the seller allows a return -
be patient your coin choice and your price range will come.
Bob

 

Ebay's prices are higher now because of the holidays. The starting bids are still relatively low for the most part, but more people are bidding as Christmas gets closer. Start looking again the week before Christmas. The market starts to die down a little then and you will find better deals.

 

I can recommend a number of sites, but one that stands out for remarkable prices and not as much traffic as some of the other guys you might hear of is The Alaska Coin Exchange . Mike Nourse is the owner of this company and he's very knowledgeable, very fair, and an all-round nice guy. Tell him I said "Hi". The best part of all, in all my dealings with him his grade for a coin has always been right on or a little low (which he admits from time to time).

 

I often question how bad I want a certain coin on eBay. Many times a coin is priced well above what it would be in MS65 and I am guessing there is a good chance the coin isn't even MS65.

David

 

Sometimes you just can't find what your looking for anywhere else. ie "sticker dollars" or other odd items.

 

A set of MS70 'P' 1999 state quarters for $6?
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&category=41096&item=3941364366

The chances of a Philadelphia mint coin being an MS70? yeah, right...

The feedback from the seller: "Coins as described." No, not really... You shouldn't trust SGS

At least he only paid $10 including shipping...
The same guy paid $16 for an MS70 'P' mint set from our 'friend' aboncom