Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
2014 D Lincoln Shield Cent error?
>
Reply to Thread
Message:
<p>[QUOTE="Oldhoopster, post: 3140638, member: 84179"]The problem with your statement is that there is <u>no</u> underlying collector market for these coins. They can be found in circulation and nobody is putting together sets or collections that would cause a demand. I don’t dispute that items like this sell on ebay for that kind of money, but that’s not a routine occurrence. </p><p><br /></p><p>Go to any coin show, large or small and you will not see minor filled dies in dealer cases, boxes or binders at these prices. Occasionally, you see them at much lower prices “pick boxes” for a buck or so. And don’t bother to ask a dealer if he/she wants to buy one of these. They have no interest because they don’t sell to collectors. I am willing to bet that people buying these on eBay are inexperienced collectors. They’ll be in for a big surprise when they walk into the local coin shop and try to sell.</p><p><br /></p><p>As long as you’re not misrepresenting or overhyping them, and if buyers don’t want to do the research and they grossly overpay, it’s none of my business. But, to me, selling things like this on ebay for high BIN or starting bid prices, does a disservice to the collecting community. I think it’s also irresponsible to tell a new collector that these things have value. Are they interesting to collect? Yes. Can they help a new collector learn about the minting process? Absolutely. Will you get anything for them when you want to sell? No, unless you use ebay to try and find the next uninformed collector to take it off your hands. Just like Beanie Babies or Baseball cards from the 1990’s.</p><p><br /></p><p>BTW: This thread is over a year old[/QUOTE]</p><p><br /></p>
[QUOTE="Oldhoopster, post: 3140638, member: 84179"]The problem with your statement is that there is [U]no[/U] underlying collector market for these coins. They can be found in circulation and nobody is putting together sets or collections that would cause a demand. I don’t dispute that items like this sell on ebay for that kind of money, but that’s not a routine occurrence. Go to any coin show, large or small and you will not see minor filled dies in dealer cases, boxes or binders at these prices. Occasionally, you see them at much lower prices “pick boxes” for a buck or so. And don’t bother to ask a dealer if he/she wants to buy one of these. They have no interest because they don’t sell to collectors. I am willing to bet that people buying these on eBay are inexperienced collectors. They’ll be in for a big surprise when they walk into the local coin shop and try to sell. As long as you’re not misrepresenting or overhyping them, and if buyers don’t want to do the research and they grossly overpay, it’s none of my business. But, to me, selling things like this on ebay for high BIN or starting bid prices, does a disservice to the collecting community. I think it’s also irresponsible to tell a new collector that these things have value. Are they interesting to collect? Yes. Can they help a new collector learn about the minting process? Absolutely. Will you get anything for them when you want to sell? No, unless you use ebay to try and find the next uninformed collector to take it off your hands. Just like Beanie Babies or Baseball cards from the 1990’s. BTW: This thread is over a year old[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
2014 D Lincoln Shield Cent error?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...