A couple of times I've bought small collections for less than spot because they weren't listed in the coin category. That's what you want to look for.
Here's one I picked up today for $25 (seller's pics). It's a French One Decime (10 cents) and from around 1800 and a flip-over double strike. The L'AN on the reverse dates it and I can't make out the number after it but once I get it in hand, I should be able to figure it out and pinpoint the date. Ribbit
The key to buying on ebay, or anyplace else, is knowing enough to know what you are looking at before you buy it. Of course on ebay since all you have are pictures, buying sight unseen in other words, luck can come into the picture in a big way. And it can be good in that you may get a gem, or it can be bad in that you may get a harhsly cleaned or altered coin. But if you know your coins, you can also cherrypick some rare varieties from time to time. But never buy unless you know your dealer and they have a very good return policy. I once cherrypicked a rare variety of a 1769 4 reales with only a handful known to even exist. So yeah, there are some outstanding ebay success stories. But there are far, far more sad stories.
I've picked up several rare die varieties of early large cents on eBay, and in the Conder token series so far my best purchases have been a Middlesex 9519 in Brass (it was misattributed), only two have appeared for sale in the past 28 years, mine is the finer of th two. A Shropshire 11, the only verified piece. I spent years looking for one but every time I found one it was misattributed. I finally started asking the major dealer if they had ever seen a Shropshire 11 that actually matched the pictures and description given in Dalton & Hamer. No one had ever seen one and I was told it was an error in the book and didn't exist. Then I turned one up on eBay in Feb 2008. A Shropshire 13bis, the discovery specimen and currently still unique. (got my name in the standard reference for this one as the discoverer.) A Warwickshire 340bis, second one known and the finer of the two pieces. Now I won't retire on any of those but considering that is four R8+ coins and the most I paid for any of them was $50, I'd say I got good deals.
I got a (All 1 oz Silver) 2008 Olympic Maple, 2008 Maple, 2009 Olympic Maple, and 2009 Maple all together for 17.00$ a pop. Not too bad, since most are going for 20$ each
People do it all the time. You have to look hard, just like getting a good deal on heritage. Do I have any stories about coins I get at deals to SCREAM FOR, no I do not, but I will late you know when it happens.
A 1926-S Buff Nickel - PCI F15 - I think I paid $115. Sent it to NGC and it came back VF20 (just what I thought!) and sold to DLRC for $250. Speedy
No real standout bargains but mostly OK. The worst was today, got a "wow" 1956 dime for $3.99. Seller said photo didn't do it justice, well I think it to be a G4. This guy goes on my avoid list.:crying: No, I'm not going to send it back, not worth it.
Here's one that I really don't know if it was a good deal or a bad one. This is a perfect example of why I say "don't bid on anything you don't understand". I bought an IHP for $1200 that was advertised as 1888/7 PCGS MS-58 ...which was also described as "FS-01-1888-302[010.7]". I wasn't familiar with the Fivaz-Stanton code. The slab listed the coin as 1888/887 so I was a little suspicious. I thought I was bidding on the "classic" 1888/7 overdate...or "FS-01-1888-301[010]" ...Redbook valued @ ~$20,000. I was actually bidding on a much less sought after variety; a valid overdate, but not the one I thought I was bidding on. Had I known what I was doing, I wouldn't have made that mistake. I couldn't bring myself to dispute the auction, because I was at fault...even though the seller was being deceptive. The Cherry Picker's guide lists this coin @ ~$2,000. Does anyone have any knowledge of this coin? Did I get a good deal or did I get screwed? (you can say that on '50s TV...right?)
Silver Commemorative Coin Presidential Journey Peace Nixon Franklin Mint medal "The Presidential Journey for Peace Eyewitness Medal". February 1972. 1.35 oz. sterling silver. In original plastic case. I picked it up for less than $10 USD with shipping included, because they didn't list the metal content or the weight So I did a quick look up on the net, saw the weight and jumped on it:smile
I once did a search for 'Quater', and ended up getting a set of over 40 state 'quaters' for about $7.00 including shipping. Here's a link to a website that searches out ebay misspellings for you. http://www.auctionlotwatch.co.uk/auctionspeller.html Also I got an1894 IHC with the repunched date in a group of IHC that cost about $1.00 each. I have some great selling stories also, things I got in the free box at a garage sale, and items I paid a dollar or less for and sold for $150-$250. ex: WWI German bayonet - paid $1.00, sold for $150.00
This I picked up for less than $20 USD New Zealand 1/2 Crown 1933 (km 5) ASW .2273 *This was the first year New Zealand ever minted the 1/2 Crown in history*
I've found some pretty good deals at times. Mostly I tend to find silver at under melt - or at exactly melt. Also, since I've started my Holed Type set, I've gotten a few good deals just because a few of the coins were damaged
Sometimes it takes a lot of looking. I got an 1877 S double eagle for about $105. The seller didn't know what is was I guess as it was advertised as a bronze $20 coin. Looking at the pics I thought it was worth a shot, and I put a bid of around $250, (I think, it was two years ago). Anyway, I won the auction for $105, and recieved the coin at a great bargain. You have to look at a lot of coins to find that needle in a haystack.
How was the seller being deceptive? He told you what you were getting, accurately described it and that is what you got. It's not his fault you thought you were bidding on a different variety than the one he was listing. (And both overdates are actually 1888/1887, even if the under digits are not visible. The mint used four digit logotype punches for the dates, not individuale number punches.)
Picked up 4 64D quarters the other day for right at melt.The crappy photo showed them in 2x2's but you couldn't see any detail.I got them today and all 4 were BU!
like everyone said you have to know what you are looking at. they have to be a dealer with a good return policy. i have found a few deals with coins. just be mindful and you should be ok. i mostly get currency on the Bay. i picked up this note for $80. its books for $600 in CU and $1000 in GEM.
This wasn't ebay, but I was this really cool indoor market called "Booth's Corner". One of about four people that sold coins is my neighbors father. He clearly cleaned all of his coins. It was almost blinding to go near his store. I found a 1844 Large Cent for $20.00 that ended up being an 1844/81 overdate. Its condition after cleaning is probably a VG-8. But a few local flea markets are coming up soon so I'm hoping to snatch up a great find there.
I don't know if this is your logic also, but I always go on ebay at around 7:00 am for good deals on ebay. See, I'm on the east coast and at 7 am I'm only dealing with like 20% of the US because everyone else is asleep. I typically win because I have 80% less competition on an item I want.