No more bargains on Ebay?

We are all were looking for a good deal on Ebay, and frequently were finding it. Do you think it will be impossible after % increase?

 

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Ebay is getting worse and worse for getting deals. Add to that there are more and more scam artists on Ebay. Now with the prices going up I can see true collectors going elsewhere to buy their coin.

catman

 

First it was sniping...

Second, it was sellers who pulled their items just before the hammer because they advertised a no reserve. Of course, who would want to sell a coin at a price lower than they planned? Always the same excuse, "I forgot I already sold it. Sorry, please leave positive feedback."

Third...it was counterfeiters and people that sell a VF coin as MS.

Fourth...it was bogus grading firms like Star Grading Services that represent the buyer and them as separate entities, when they are one in the same.

Fifth...I found more bargains and better coins at coin shows like F.U.N. and coin shops throughout my travels.

I have backed off on any ebay purchases unless I know who the sellers is...otherwise, I am saving my money for the good coin shows and will buy quality over quantity.

 

I think it's definitely going to be harder to find any deals on eBay now. A lot of the larger volume sellers who could afford to keep their prices lower are going to be hit by these increases. Already, eBay stores are closing by the thousands. Since many of the larger sellers were making a lot of money on their store sales because the fees were so low, and could therefore sell their items at live auction for lower starting prices and no reserve, I think the impact will be huge.

There were already many of the smaller sellers who were padding their profit by inflating s/h charges, overgrading, and generally trying to find ways to increase their profit margin to unreasonable amounts. Add to this that now there are the higher fees to pass on to the buyer and I can't see there being many very good deals in the future.

 

It has become more and more of a problem for me, regardless of the increase.

For the type of stuff I'm seeking, either the starting bid is already at Greysheet Ask or higher in many cases, or else the coin gets bid up into "moon money" well above retail value for the coin anyway.

It's to the point for nice material, I can almost always get it cheaper from a dealer than in an auction, eBay or otherwise. When I can find before others do, anyway; there's a reason I haven't bought many coins lately, and it's not *just* the property taxes we paid last week.

 

I tend to run auctions at a starting price of .99 cents and I allow the current market to set the value of a coin. I had a recently graded 53d MS65FBL Frankie sell for $92... This was a incredible bargain for the buyer as this is typically a $275 coin...... And I still made a profit because I found this GEM raw and scored it rather cheaply... Bargains are still out there, and so are quality sellers..

 

QueenKitty,

I don't know what to say. But in my opinion a 1953-D Frankin in MS-65 (which should have FBL to make a 65) is not worth over $25.00. If it was a 1949-S that's a different story. However People should buy whatever the feel is right for them. This is what a hobby is all about.

catman

 

I think you can find bargains, but they're going to be at the low end of the cost scale. I am still filling holes in my my Mercury Dime and Washington silver quarter collections, and have found a lot of bargains lately. But I don't expect I'll be picking up many $75 coins for $45. I just set my sights low and I've found a ton of stuff.

 

Your telling me a PCGs 53d MS65FBL Franklin is only a $25 coin?????

With all due respect, I will buy 40 coins at that price.....

and the should be FBL to make a ms65.... Where do you get that from?

But as you said, its your opinion, and mine greatly differs... Now, do you have a GEM FBL 53d's for sale?

 

Dang it!!! I gotta watch your auctions more closely next time. I was watching that dime that went for moon money and missed that one!!

 

I know I don't have any PCGS since I don't collect them. I don't play the numbers games. As far as I'm concerned there are only 3 grades of uncirculated coin + or - MS-60, MS-63, & MS-65. I personally don't believe a person can consistly garde coins within a 1 point accuracy.

As far as you wanting to buy 40 1953-D MS-65 coins that should be no problem if you look around.

catman

 

Oh really? Then I challenge you to find any PCGs MS65FBL 1953d coins for $25, since it isn't a problem.

And as far as I am concerned, I agree with grading ranges that the professional grading companys use.... all the way upto MS70 or PR70.

I think then you are saying that a raw Frankie can be picked up for around $25 that might grade GEM FBL. if so then I agree, though I will say to find a 53d which is kinda of notorious for being baggy in GEM is rather diffulcult. The GEM MS65 grade I am refering to is what PCGs looks for in a 5 holder.
If you are saying that you can buy PCGs 53d's for $25 in GEM FBL your are extremely mistakend.

 

I'll tell you, that 53d was a nice coin...

I sold two others in the past, one was ok for the grade but rather drab, that one fetched $275...

The other had some very pretty rainbow toning and argueably should have been in a six holder, that one brought in a strong $450.

I also sold a 53d in a ms66fbl for $2500.....

so the $92 was a awesome bargain for the buyer....
I think I ran these auctions during the wrong time as they ended during the FUN coin show weekend....

Sometimes, Its all about timing....

 

QueenKoin,

You have misconstrued what I have said. I said that I wouldn't pay the prices for a 1953-D Franklin you quoted because I din't think they were worth $25.00. I still wouldn't buy one and I still don't think there worth $25.00.

What other people feel there worth is fine with me. If they wish to buy them at the rates you quoted it's their business. If someone wants me to buy one from them my offer will be $25,00 or less depending on the condition of the coin.

We are collectors. A deal is made when the buyer and seller agree on the price and both walk away happy.

catman

 

What you said was that a 53d MS65FBL Frankie is worth only $25....

Well, now you say thats all you will pay and thats what its worth to you....

Thats cool, I can respect that...


The market though sez something else for a 53d in GEM in a PCGs/NGC holder...


this whole datatribe started because you had to make a comment based on my 53d selling for $92......

I can only tell you plainly, anybody whom collects grade Frankies in a PCGs holder would say agree that $92 is a great great buy on this coin...

There are deals out there on Ebay.....I have had my share and have certianly seen my buyers get some...

Regardless of what you say a 53d is worth to you, the market still has a given value for that coin.

I have always wanted a 1955 Double Die cent..... a Red ms65....

Now to me this is only worth several thousand, however this coin in that grade will probably fetch in excess of 20k. Now because I say well, its only worth 2k to me surely doesn't change the value that the coin will receive under current market conditions.

If I scored a PCGs MS65RD 1955 Double Die for 2k on ebay, that would be a hell of a bargain....

So was the 53d a bargain for under $100...
Again bargians exist on Ebay....

I bought a raw Franklin several months back on Ebay, based on the images...Paid $30 for it.....

Coin came in and I knew I had a winner, sent it in for grading and it graded ms65FBL, the coin was a 1961, a very tough year for GEM FBL...

This coin is a $1200 coin easy, maybe more. A bargain I found on Ebay...

Now we can agree that a 53d in GEM FBL is only worth $25 to you and thats all you will pay, but you were wrong to insert these comments in regards to my post about my Ebay auction for a PCGs 53d in GEM...

This discussion has actually turned silly, really.

Because a coin is worth a certian amount to you that does not mean that the actual market value of the coin is going to agree with 'what you would pay'...

Bottom line, good deals and values can be had, but one must do their homework.

 

Koinkitty,

What ever market you subscribe to is out of the ballgame. Those who buy into it are going to lose a lot of dollars as time passes. I wouldn't buy that or ever buy from you as a dealer. It appears that you are very new to collecting and have very little knowledge of the hobby. Let me recommend that you do some historic studies of the coin market before you start telling those of us who have been in the hobby for 45 years what is best. Sorry to be so harsh but you really need it.

catman