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<p>[QUOTE=&quot;Cherd, post: 7803728, member: 24754&quot;]Last month, I went on a bit of a binge in a Heritage auction and purchased 10 coins (Binge for me anyway). Among the coins were these 3:</p><p><br /></p><p>Postumus, Antoninianus, AU&nbsp;&nbsp; $114&nbsp; &nbsp;&nbsp; <a href="https://bit.ly/3A92dih" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://bit.ly/3A92dih" rel="nofollow">https://bit.ly/3A92dih</a></p><p>Crispus, Bi Nummus AE3, MS&nbsp; $120&nbsp; &nbsp; <a href="https://bit.ly/3C1yn0G" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://bit.ly/3C1yn0G" rel="nofollow">https://bit.ly/3C1yn0G</a></p><p>Constantius II, Bi Nummus AE3, MS&nbsp;&nbsp; $109&nbsp; &nbsp; <a href="https://bit.ly/3A0QtOE" target="_blank" class="externalLink ProxyLink" data-proxy-href="https://bit.ly/3A0QtOE" rel="nofollow">https://bit.ly/3A0QtOE</a></p><p><br /></p><p>Shortly thereafter, I purchased a 20 coin lot that included 11 coins that I needed and 9 coins that were duplicates (I only want 1 coin of each person). My plan was to simply sell the duplicates on Ebay to scale down the cost of the 11 that I actually needed.</p><p><br /></p><p>When I received the coin lot, I ended up liking the new Postumus, Crispus, and Constantius II more than the ones listed above that I had purchased a few weeks earlier. So I swapped them out and listed the coins above on Ebay. Below are the sale prices before shipping costs and Ebay fees:</p><p><br /></p><p>Postumus $72&nbsp;&nbsp; ( -$42, -37% )</p><p>Crispus&nbsp; $70&nbsp; &nbsp;&nbsp; ( -$50, -42% )</p><p>Constantius II&nbsp; $71&nbsp; &nbsp; ( -$38, -35% )</p><p><br /></p><p>This whole situation was a bit sloppy on my part, and I anticipated taking a bit of a loss on the coins, but I wasn&#039;t expecting this kind of differential. I know that this is a small sample size, but the results are pretty consistent with 35, 37, and 42% lower sale prices on Ebay as compared to Heritage for the exact same coins only a few weeks apart.</p><p><br /></p><p>These 3 examples are relatively low value, run of the mill coins, and while I never enjoy losing money, I&#039;m not terribly upset about these instances. But, when you are ultimately looking to buy a total of 150-200 coins, a ~40% differential per coin ends up being an amount of money that I do care about!</p><p><br /></p><p>I have put a lot of time into cataloging the results of auctions for all of the coins that I want (mostly Heritage auctions), and based on previous results, I felt that I paid reasonable prices for these coins. However, the results of this unintentional experiment do have me questioning some things:</p><p><br /></p><p>- Do coins sell on Heritage at inflated prices?</p><p>- Do coins sell on Ebay for less than actual value?</p><p>- Are my 3 coin sample results a fluke?</p><p>- Does it depend on the class of the coin? (For example: Rarities sell at fair value on Heritage, but commons are inflated)</p><p><br /></p><p>Anyway, I wanted to see if any of you had any wisdom or lessons learned to impart with respect to these results. I have a lot of coin buying left to do, and I want to follow a strategy that will be most efficient in the long run. Because, money saving strategies means more coins!! <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie33" alt=":cigar:" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

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