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<p>[QUOTE="andrew289, post: 506062, member: 6463"]Welcome to the shark invested waters. Buying and selling coins is an adversarial transaction. The seller is trying to get as much as he can for what he is selling and the buyer is trying to pay as little as he can for what he is buying.</p><p> </p><p>Usually in every transaction one or the other has the upper hand and the upper hand is knowledge. The buyer must have enough knowledge about the coin he is buying in order to barter hard with the seller. If the buyer lacks the knowledge, the seller will most likely get his price and come away happy.</p><p> </p><p>With ebay, you have a lot of experienced sellers who talk up their wares in the hope of attracting inexperienced buyers who tend to overpay. It's just part of the dance. </p><p> </p><p>I'd suggest that you think about developing having a plan before buying coins. For example, why did you decide to buy the franklin? Are you collecting the series? Are you building a type set? I'd suggest researching the coins you want to buy online first and learn as much as you can about the series that you want to buy. Like what does Full Bell lines look like and what does it mean? Also, read the redbook, there is a lot of good info in there about coin history. Learn how to grade the series. Grading is subjective but the difference in grade sometimes can be a few dollars or a few hundred dollars.</p><p> </p><p>That's a nice looking coin and you did ok with the purchase. Right now, think of yourself as chum (inexperienced collector swimming with hungry sharks) but the more you learn about coins, the bigger your life raft becomes. The bigger your life raft, the less the sharks bite.[/QUOTE]</p><p><br /></p>
[QUOTE="andrew289, post: 506062, member: 6463"]Welcome to the shark invested waters. Buying and selling coins is an adversarial transaction. The seller is trying to get as much as he can for what he is selling and the buyer is trying to pay as little as he can for what he is buying. Usually in every transaction one or the other has the upper hand and the upper hand is knowledge. The buyer must have enough knowledge about the coin he is buying in order to barter hard with the seller. If the buyer lacks the knowledge, the seller will most likely get his price and come away happy. With ebay, you have a lot of experienced sellers who talk up their wares in the hope of attracting inexperienced buyers who tend to overpay. It's just part of the dance. I'd suggest that you think about developing having a plan before buying coins. For example, why did you decide to buy the franklin? Are you collecting the series? Are you building a type set? I'd suggest researching the coins you want to buy online first and learn as much as you can about the series that you want to buy. Like what does Full Bell lines look like and what does it mean? Also, read the redbook, there is a lot of good info in there about coin history. Learn how to grade the series. Grading is subjective but the difference in grade sometimes can be a few dollars or a few hundred dollars. That's a nice looking coin and you did ok with the purchase. Right now, think of yourself as chum (inexperienced collector swimming with hungry sharks) but the more you learn about coins, the bigger your life raft becomes. The bigger your life raft, the less the sharks bite.[/QUOTE]
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Ebay Franklin Half--How'd We Do?
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