Well after nearly getting a heart attack, I actually WON, this 1996 American Silver Eagle. I did not see it in a case, but it looked alright. Well actually here's the link http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&rd=1&item=270327100784&ssPageName=STRK:MEWN:IT&ih=017 I really am a beginner collector, and I hope I didn't make a huge mistake buying that. the result I payed was $40 for that coin. The bid was ending at 33.00 but I put in 36 and low and behold the shipping made it even more exp... so did I do the wrong thing? :/
didn't you read "however it has been improperly cleaned & has a rim nick." you got taken its only worth melt.
Hi Silverwolf! If it will fill a place in your collection and you are happy with it, and your cat doesn't starve for the next week, no big Error. I think you overpaid by about half, but we can help you for next time. First, notice that the seller has it noted as having been cleaned, has a rim ding (damage) and says would be AU details rather than a normal expected mint 65+ grade., so if we use a price guide like Numismedia http://www.numismedia.com/fmv/prices/modeag/pricesgd.shtml to see that the price should be about $20 or so. For the price you paid, you would expect a MS65 with no problems. Secondly, notice that although we should give him credit for noting all problems, he doesn't mention any return policy. That is a real downer! Until you get the hang of evaluating a coin from photos, only use a dealer that allows returns. Photos should also be large enough. If you use Ebay's "advanced search" button you can see what similar coins sold/ or didn't sell, prices. This gives you a idea of what your final strike price should be. Lastly, set a final price in your head before you bid and bid late enough that you can't enter another bid.....you may feel badly a few times, but patience is a real asset in dealing on ebay. So even though you may have overpaid, it is a small amount if you learned more. Almost all of us once or more have secumbed to over enthusiasm at an auction. We learn all of the time.:kewl: So don't worry about it, you can make up the difference in future auctions by being careful and using your knowledge! Jim
Silverwolf, you paid way too much for this one. I've seen 65's at that price lately. However i think we have all been there. My first ebay win was a supposed MS-63 1923 peace dollar for $22.00. I thought I did ok. The coin turned out to be a total do worth scrape price. Caulked it up for expirence. Made me be more careful and learn to better grade from a photo. Hope you can work it out with the seller, you said you cancelled the bid.
Yes, the seller was very nice and refunded my money. I've stopped to take time and read about coin collecting, now I understand a lot more than I did before. I am going to get the "red book" 2009 for my new hobby. The things I've learned.. are What, AU, AG, BU, MS, etc means types of coins, and where they came from where to buy them. most important- how to hold them. Ancient coins, and more The four 1 oz silver American Eagle Bullions I bought cost $50 in all. They are 999 silver. Now I noticed that because I was new to this, the "Englehardt" silver coins are better to have, and I was about to get three of them, when the coin dealer offered me four of the ones I have now, which have scratches on them, and he even "cleaned" them on the spot in front of me. somehow I feel as if I've been taken advantage of, in a small subtle way. They are in a plastic flip, and yeah still pretty, but I guess they are fine to invest in. Yeah I even found out that plastic flips aren't that great, and that as a "coin collector" you should get hard plastic holders.
