Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Error Coins
>
and this, my dear friends is why i prefer raw coins
>
Reply to Thread
Message:
<p>[QUOTE="benveniste, post: 8089449, member: 25547"]But the issue is still the same. People will ask what they want to ask, and the market decides whether their price is acceptable. And on many marketplaces, there's little or no penalty in having an overpriced object sit there indefinitely.</p><p><br /></p><p>I freely admit that I don't have the least idea of the market value of most error coins, but that $4-8 coin which sold for $45.00 plus buyer's fee? The seller may well have lost money on it. ($22 to slab, $25 seller's premium).</p><p><br /></p><p>So I think you are seeing the result of two market failures. The first is that with errors, no one even pretends there's a nice consistent price guide. The second is that slabbing low value coins (errors or no) rarely makes sense unless you can market them well enough to obtain a huge markup. (Think Mike Mezack). </p><p><br /></p><p>I once paid $35 to have a $15 coin not only slabbed, but conserved by NCS. But that's because the coin had sentimental value to me. Slab or not, it's still worth $15.[/QUOTE]</p><p><br /></p>
[QUOTE="benveniste, post: 8089449, member: 25547"]But the issue is still the same. People will ask what they want to ask, and the market decides whether their price is acceptable. And on many marketplaces, there's little or no penalty in having an overpriced object sit there indefinitely. I freely admit that I don't have the least idea of the market value of most error coins, but that $4-8 coin which sold for $45.00 plus buyer's fee? The seller may well have lost money on it. ($22 to slab, $25 seller's premium). So I think you are seeing the result of two market failures. The first is that with errors, no one even pretends there's a nice consistent price guide. The second is that slabbing low value coins (errors or no) rarely makes sense unless you can market them well enough to obtain a huge markup. (Think Mike Mezack). I once paid $35 to have a $15 coin not only slabbed, but conserved by NCS. But that's because the coin had sentimental value to me. Slab or not, it's still worth $15.[/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
>
Error Coins
>
and this, my dear friends is why i prefer raw coins
>
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...