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<p>[QUOTE="omahaorange, post: 1547453, member: 28199"]Interesting post. You bring up several points to which I'd like to respond, but since I'm too lazy to break up the post, my responses are in bold within the quote.</p><p><br /></p><p><br /></p><p><br /></p><p>Welcome to the free market society! The board is full of stories about people buying items from eBay, then not understanding why they aren't getting dump truck loads of money delivered to their homes by attempting to flip that same item on the very same venue (and thus, the very same audience) they bought said item from in the first place. Supply and Demand. The prices are set by what the market will bear. So as a buyer, if the item is readily available and offered by numerous vendors, I would purchase from the cheapest guy in the fray. If it's a rarer item with more buyers than sellers, then I'm going to pay what I believe the item is worth to me (not necessarily what it's worth). This is why auctions sometimes seem like they're out of control. Again, especially in regards to the Franklin set, the people looking at that auction were thinking "If I get this at $X, I can sell for $Y and make $Z in the end", not "Gee, I'd like a nice set of Franklin Halves for my collection, let me pick up this one". And don't delude yourself, no one is thinking "Boy, I wouldn't want to screw that seller, that item is worth this amount, let me get that bid in".[/QUOTE]</p><p><br /></p>
[QUOTE="omahaorange, post: 1547453, member: 28199"]Interesting post. You bring up several points to which I'd like to respond, but since I'm too lazy to break up the post, my responses are in bold within the quote. Welcome to the free market society! The board is full of stories about people buying items from eBay, then not understanding why they aren't getting dump truck loads of money delivered to their homes by attempting to flip that same item on the very same venue (and thus, the very same audience) they bought said item from in the first place. Supply and Demand. The prices are set by what the market will bear. So as a buyer, if the item is readily available and offered by numerous vendors, I would purchase from the cheapest guy in the fray. If it's a rarer item with more buyers than sellers, then I'm going to pay what I believe the item is worth to me (not necessarily what it's worth). This is why auctions sometimes seem like they're out of control. Again, especially in regards to the Franklin set, the people looking at that auction were thinking "If I get this at $X, I can sell for $Y and make $Z in the end", not "Gee, I'd like a nice set of Franklin Halves for my collection, let me pick up this one". And don't delude yourself, no one is thinking "Boy, I wouldn't want to screw that seller, that item is worth this amount, let me get that bid in".[/QUOTE]
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Buying and selling coins on ebay: Lessons learned
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