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<p>[QUOTE="jimij, post: 145465, member: 5475"]Ebay is a mess as far as prices go. 80% of the stuff is overpriced IMO, Doctored and/or a scam.You have the people selling large lots of slabbed coins guaranteed to be at a certain value and they turn out to be graded by unreputable tpg's and mostly modern coins , then the hand full of people with 'unsearched' coins. Yeah right. The majority of major sellers on ebay do so because most of the buyers are unknowledgeable. Every once in awhile you will find a legit seller not trying to rip people off. The old adage 'if you think your getting a deal you probably aren't' holds very true. I also love your buffalo coins going for 1,500 dollars. You get a group of people to list some bogus auctions and drive up the price amongst themselves then turn around and sell the coins they already had at enormous prices. Most reputable auction houses watch stuff like this and throw up alerts when the same clients bid amongst themselves.</p><p><br /></p><p>This is just from my experience browsing through EBay's auctions. I've bought a few nice coins off of eBay , but pretty much stay away. As far as pricing: to me using EBay as a indicator of a coins value is about as silly as when people pay enormous fees for slabbed modern coins because of population reports. That only reflect low numbers because no one bothers to send in a coin that was minted in the hundred millions and where it would cost more to slab it then its worth.</p><p><br /></p><p>I feel EBay does a disservice to the industry because many of the buyers on ebay are those new to coin collecting , but many will also have a bad experience from Ebay and quit the hobby. Hurting the industry more then it helps.</p><p><br /></p><p>Don't let me keep you from buying on Ebay though. Just my opinion. There are plenty of good sellers on Ebay many frequent this forum and are collectors. Its the ones just trying to make money that usually make a bad name for others.[/QUOTE]</p><p><br /></p>
[QUOTE="jimij, post: 145465, member: 5475"]Ebay is a mess as far as prices go. 80% of the stuff is overpriced IMO, Doctored and/or a scam.You have the people selling large lots of slabbed coins guaranteed to be at a certain value and they turn out to be graded by unreputable tpg's and mostly modern coins , then the hand full of people with 'unsearched' coins. Yeah right. The majority of major sellers on ebay do so because most of the buyers are unknowledgeable. Every once in awhile you will find a legit seller not trying to rip people off. The old adage 'if you think your getting a deal you probably aren't' holds very true. I also love your buffalo coins going for 1,500 dollars. You get a group of people to list some bogus auctions and drive up the price amongst themselves then turn around and sell the coins they already had at enormous prices. Most reputable auction houses watch stuff like this and throw up alerts when the same clients bid amongst themselves. This is just from my experience browsing through EBay's auctions. I've bought a few nice coins off of eBay , but pretty much stay away. As far as pricing: to me using EBay as a indicator of a coins value is about as silly as when people pay enormous fees for slabbed modern coins because of population reports. That only reflect low numbers because no one bothers to send in a coin that was minted in the hundred millions and where it would cost more to slab it then its worth. I feel EBay does a disservice to the industry because many of the buyers on ebay are those new to coin collecting , but many will also have a bad experience from Ebay and quit the hobby. Hurting the industry more then it helps. Don't let me keep you from buying on Ebay though. Just my opinion. There are plenty of good sellers on Ebay many frequent this forum and are collectors. Its the ones just trying to make money that usually make a bad name for others.[/QUOTE]
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