People overpay for coins on ebay

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I also think that many buyers will buy high simply because they like to win the final bid in the closing seconds........ whether it makes sense or not.

I stick to my maximum bid, generally. Even when I put in a bid that I felt was a little too high, many times someone comes in the last 15 seconds and steals it. That's fine. I often get another opportunity at a lower price.

 

I hate to say it but 10 years ago I was one of those idiots.

And I really was an idiot for not learning more about what I was bidding on and have come a long, long, long way since then.

 

I hate it when someone puts in a huge bid that runs mine to the max...then I get a "Second Chance Offer" at my max bid. If I want the item, I offer to buy it at the price it was before the "deadbeat" began bidding. They never take me up on my offer (crooks).

 

Is this REAL?

Could it be that these unsearchable coins may be searched as they get sellected to ship?

http://cgi.ebay.com/HUGE-COLLECTION...Q_trkparmsZalgo=MW&itu=UCC&otn=15&po=LCA&ps=4

 

Hello Yakpoo,
Once, I had put a $2000 super duper high max bid on a coin and it sat there for a day at $950 (my bid). It was 2-seconds to the end of the auction & I still had it for $950 . I was absolutely ecstatic to get it for only $950. And of course, it blinked to $1,950 with a fraction-of-a-second to go. I still got it but some sniper tried for it & cost me $1,000 in that last second. It could have just as easily been me trying to snipe the coin but it was someone else this time. What really kills me is that somewhere out there I probably know the guy that cost me the $1k.
Very best regards,
collect89

 

Yep.

Sometimes, the difference between a mediocre coin and a great coin is subtle. So who can tell the difference ? Only someone who is knowledgeable.

So the unknowing tend to overpay for low-end stuff and won't cough up the righteous cash for great coins.

 

thats why i sell on ebay, usually bring better money than trading/selling @ coinshop.
even with fees

 

Make you want to be the seller, no?

On the few days I have to cross town to get to the office I return on a section of road that is well marked that two lanes will be turning into one lane soon.

About 80% of the time some yahoo misses me, barely, by trying to squeeze in front by driving past at unlawful excessive speed.

It is human nature, for some, to presume everyone else is in their way.

That is why I hope to be the seller in such infantile bidding behavior, drive a '85 Toyota Pickup with a roll cage and assume some day the BoZo BMW "I Own The World" trying to speed past me has paid up insurance to buy me my next ride.

This attitude has reduced my hypertension medication costs greatly, gives me hope that madness on their part does not induce insanity on my part and reduces my guilt about why some feel so entitled. Makes me want to date Paris Hilton, too.dd:

 

Since there are no Coin dealers near or in my area I get my coins mostly from ebay. I do buy mostly US Coins but noticed that sellers now are setting very high starting bid so I stopped buying US coins at least till I find what I think is a good deal for me.

Now, I prefer to buy foreign Coins because I find them more affordable.

 

All I see here is an underestimation of this coins value, due to demand. You feel its value is $2, yet out of your own personal Demand you drive its value to $10, and yet someone else felt the same as you and just took it a mere fifty cents further. Now I am not saying many people aren't being scammed by over grading, and problem coins, and even fakes. But out of the example you gave, I only see that the true value of that coin at that time was generated from Demand and not the value some guide listed

 

I still find Cherrypicking to be an enjoyable and profitable pasttime on Ebay. If you know what you are doing, there are numerous deals to be had.

But yeah, for the low value $2 hole fillers my sister wants for Christmas, I'll gladly pay 4 or 5 times what they are worth. How many of these Ebay people are actually collectors, and how many are relatives buying something for their loved one that they think they will absolutely adore?

 

True.

It's equally true that:

• Water is wetter than sand
• Up is higher than down
• Morning comes before afternoon each and every day
• Elephants eat more than guinea pigs
• and so forth.

 

RE Second chance offers.....
Many times I will run a coin that I have multiples of. I will send second chance offers to all bidders who placed a reasonable bid. They can ask for a pic of the " other " coin and decide to buy or not.

On 2nd chancers, just make sure to confirm it in your ebay messages, not just from an email. If legit, it will be in your ebay.

 

We sold a World note today on ebay. Hammer price at $363. Got sniped with less than 10 seconds left and it was at $282.

Catalogue listed at $125 and we would have gladly taken $75 at the shop.

About 10 minutes later a note that catalogued at $140 went for $30. We'd want much more than that at the shop.

It's ebay and a fickle market. Doesn't have to make sense.

 

This just about says it all. :thumb:

 

My two cents:

I've made some fantastic purchases on eBay. I've bought things for a fraction of what I'd pay from a dealer. The deals are rare, and you have to be careful, but they're out there.

If prices are high on eBay, then it's an excellent place to sell. I used to sell there, until they developed their seller-unfriendly rules and high selling fees. If people really pay "too much", then it's an optimal place to sell, isn't it?

 

What hurts is if it's one of your CT buds that jacks you up! :crying:
If you bid $2000 on the coin, I'm guessing your pleased with it :thumb:...just not as much as if you got it for $950.

 

The majority of 2nd chance offers I get are legit...proof sets and the like.

Every once in a while there will be a unique item I really want...like a rare Cohen variety Half Cent, for instance. If I can't be online when the auction closes, I bid my high bid early...which is above the list price (because I really want the item). I may be getting it for half my bid until the last second, then someone beats my bid...no worries there...that's eBay.

The next day, I get a message from the seller saying that the high bidder didn't complete the transaction and I'm getting a 2nd Chance offer at my high bid. I politely reply that I would be happy to accept the offer at the price I would have bid had the other guy (aka..."the Deadbeat") not bid. They never take me up on it.

Perhaps I'm a bit paranoid, but I can envision a scenario where a seller has a buddy make a crazy bid and withdraw just to get my bid to the max then make a 2nd Chance offer. I don't know how eBay would/could discourage that type of behavior.

 

I have drive 75 miles round trip to get to coin shop and the only two I found are very limited as to what they carry. I mean if need cents that grade fine for a Whitman folder you are out of luck, they neither carry many coins other than Silver or Gold Examples,and being a poor man I have poor ways. The coins I have purchased from either of them were cheaper than the examples on Ebay because as it has been stated on here before lower grade and common pieces to bring more on EBAY. I will now put in a max bid and live with the out come win or lose I used to get caught up in it and pay more than I wanted too, but now I use restraint because somebody will have this stuff on there again. Now as far as second chance offers I only use one dealer that has ever offered me a second chance and he does it quit often because he has extras of that item and when he offers me the second chance it is for the price I had bid not for the winning bid. I have bought coins from members of CT since joining and have always received a fair price and great coins and have the used the OPEN forum with some success for trading as well. This is a great site with great contributors I learn something new daily.
Thanks Kent