I am all for capitalism, but...

A $100 coin for this price? I can never, ever trust a dealer who pulls this kind of garbage...never. Others listed by this seller are even worse. But a great example on why you need to research.

 

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But it is Full Steps!

I totally understand. I see Mint Errors that are only worth less than $30 dollars going for hundreds.. Ridiculous!

 

What??? He's only asking about $600 over value. I have a 43D in MS66 6FS... guess I should be asking $1500 for it?

 

Whats the big deal????? I mean... He IS paying the shipping, right?

 

I don't see a problem.

Would you be as outraged if he offered it at $75,000.00 or $750,000.00?

 

Exactly who is outraged here? I don't care if the seller asked for $100 billion. And if the seller gets it, great!

The point was I don't trust sellers who do this. If you want to trust them, by all means do so. If you want to incredulously overcharge as a dealer, have at it. But don't be annoyed when you get exposed in forums by educated buyers.

 

Curious, where do you find the right prices? I've seen people here say they rely on eBay prices but then I see this post and seems it's overpriced. For us newbies, what or where can we research? I was using PCGS prices initially then realized they have different prices when compared to NCG. When you said $100 for this coin, is that from your experience over the years?

 

I don't see what there is to be "exposed".

When a dealer asks more than what similar coins are trading for, they don't sell.

It's then his loss.

The exception for me is a coin I simply don't want to sell.

I have a FR2 Ike dollar that I am attached to and have a 60K price tag on.

I don't expect it will be selling anytime soon but if a "Bill Gates" wanted it that bad, I think I could overcome my emotions and sell it to them.

 

People rely on sold eBay prices. You should check a number of places to figure out what a fair price is for a particular coin but when you use eBay, you may search for the coin you are interested in and then under the Show Only options, click the "sold listings" button. This gives you sold prices only. In this case, if you were searching Jefferson 1944-D nickels, an unsold $750 coin would not come up.

 

Look in the 'sold listings' to compare prices........do the same on other auction platforms. That's how you get an idea of what stuff is trading for.......

 

Ana beat me......

 

Ahh THANK YOU! That really helps a lot.

 

Thank you as well!

 

I use the ebay "sold" option in conjunction with http://www.numismedia.com/ to get a ballpark figure. I think the market is a little soft right now which can be seen in the ebay sold auctions.

Joe

 

Thanks for that link too.

 

He's hoping someone will buy the holder, not the coin

 

A couple of things. One, the old adage about " no such thing as bad publicity". It is hard with all of the ebay competition to get someone to check your listings if you are selling, so a couple of outrageous listings may get quoted ( such as here) and then there are many going there, and they usually browse to see if there are other examples they can expose...some use one 'bad' listing to attract and then reasonable listings, until they have an internet following.

Secondly, some members on here talk about about the dealers, but there are far more who come and gloat about how they ripped off a grandma for 10 cents on the dollar. They are also despicable.

Ignore what you can not control and have no need to control what is beyond ones ability to alter. Education makes all prices paid the correct prices.

Jim

 

You can ask whatever you want. Doesn't mean you'll get it thoguh...

 

Hear! hear!

 

Are the small Mom and pop coin & stamp shops going out of fashion in the Internet age? Only reason I ask is I have relied on several small shops for my transactions for decades. And with time comes relationships and trust. One of my guys does Tuesday night poker where we play with old worn Morgan’s. Fun stuff for an old guy. Just would like to encourage those coming in to the hobby to not overlook the value in a local relationship.