Another good review for great collections.

Bought a coin in auction, hit the "check/money order" when I checked out.

I forgot GC takes Credit Cards besides paypal.

I called them, I was shocked how quickly they answered the phone. It rang once.

I got an email less than 2 hours later saying it was shipped.

Now that's service!

 

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What is GC?

 

Your first time, huh? Wait til they get to know you.

 

Oh great collections...duh...I'd never heard of it before. Seems like really good stuff although kind of pricey. Probably too expensive for me right now

 

They are pricey, but it's not the auction house's fault. I've noticed a lot of consignors drag stuff in with a starting price as high as the book value.

What in the heck is the point of an auction if one person bids it's value, and it's done.

Why not just list it as a buy-it-now?

Like today...there is a 1937 AU Half Crown with a bid (and someone actually placed this bid) for $35.00, when it's all said and done with fees and shipping, your going to pay at least 43.50. Krause lists that coin for $25.00 in BU! NGC lists it for $25.00 in MS63.

Lots of the GB coins I've seen on there for the past 2 months have been listed at book value or more. It's downright stupid and a waste of time with an auction if your starting bid is over book value.

 

What is wrong with these people? They don't use book value to figure how high to bid? Egads!

 

Nick wonders what in the world is going to go wrong with this transaction? Will it get shipped in timely fashion and not take a circuitous route to the intended. Will it be packaged in a manner that is found to be modestly satisfactoryto the buyer?

Gawd, will it have narsty dust that was not described and will it come in cheap, commie made Chinese packaging?

It just seems sometimes that in this perfidious existence that some are just a slip beyond ever being satiated with their purchases.

 

missed one on ebay I had on watch list and nobody bid on it.it was 60 eagles starting price 1.00 with free shipping and no reserve.i have not finished kicking myself yet.

 

Nope, holder will be scratched and then he'll try to make Ian pay for reholdering

 

lok you have become beautiful again

 

You just bragged about what a great deal you got, and then you post this? You got no class, boy.

 

I sell my coins on Amazon. They don't have all of the hidden fees that Ebay has.

 

There are no hidden fees. They are clearly displayed under the eBay fee section.

 

Please don't shill for Ebay.

 

hypocrite much?

 

Tim, serious question here, how long have you been collecting world coins? I don't mean your (somewhat) recent foray into British coins, but ex-US coins, in general? For that matter, how much experience do you have in buying thin-market collectibles?

It's a fairly common case that the world coins "book value" listed in Krause/Numismaster is completely wrong. Part of this has to do with the market size for foreign coins. A separate issue is the existence of publication deadlines. The 2015 Krause catalog may have been shipped to the printers sometime in Feb 2014. The data collected by Krause may have been collated in Nov 2013. The data may have been submitted from surveys issued in 2012.

The information in a catalog is likely to be outdated by the time it's printed. This has always been the case, and always will. In the case of thinly traded securities (coins/collectibles/etc), catalog prices are about as relevant as auction house estimates. They may be multiples under/over the actual market value.

Now, to the specific example that you cited. Krause BU and NGC MS63 are the same thing. NGC states on its website that the information for world coins is taken from Numismaster. Numismaster clearly states on their website "Powered by Krause."

Brilliant Uncirculated is typically used interchangeably with MS63, similar to how Gem Uncirculated would be synonymous with MS65.

So, you basically said that Krause's BU price for the coin is $25, and Krause's BU price for the coin is $25. You cited the same source for pricing reference and presented it as two separate sources. NGC MS63 is Krause BU.

Is is possible for you to post a link to the listing of the $35 AU 1937 Half Crown? The only 1937 Half Crown that I was able to find was a PF64 that sold for $52 in 2012 and is listed currently for $50.

Also, for the record, Ian is great and responsive. As a seller, however, if you agree to let Great Collections pick the starting price, you really need to pay for their marketing fees to get your coin highlighted. Sellers probably feel it's easier/cheaper to just list the coins at a price they're willing to take.

And, if you were selling a coin that you would take $50 for, why wouldn't you list it as a $50 auction, instead of a $50 BIN? Two buyers might think it's worth more than $50. It makes no sense to "leave money on the table," as some might say.

 

I have a couple of pieces on the watch it list on GC - might actually be bidding.

 

I just sent in my first 2 consignments to GC just to give it a try. On the form, you can check "allow GC to decide the start price" or "select your own start price."
Then further down the page it says, "GC typically starts the bidding at around 70% of your declared value."

 

I would never buy a coin on Amazon. I love amazon and have a prime account but if you can see number of views I think you would be surprised at how many more views you would get on ebay and final pricing vs amazon. Look at the volume of offerings.


62329 lost. And scrolling through half are supplies, books and paper money. Now look at ebay.



687727. And most of these are coins not supplies.

Even select for graded coins


138511.

Ebay charges more because they offer a better product. I have used ebay protection before on some unpleasant purchases. They were very quick to act and I have no reservations about buying there. If there is a larger audience you will sell for more money. Just because ebay recognizes this just reinforces the concept that you really do get what you pay for. I'm sure you will have a well thought response as to why this is wrong even though you are the only person posting this opinion but I do hope we are done with the Macy's and gimble's defense.

 

I still hate sleaze bay. Really hoping gc takes away much of their business if I want to sell stuff that's where I'll go