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<p>[QUOTE="medoraman, post: 1591881, member: 26302"]I would fully agree IF Ebay was the only place to buy. However, in my examples I posted, I can buy that book from 10 sellers TODAY if I wished to buy it. However, the cheapest price it could be purchased for would be $500. Similarly, I would wager the coin you sold for over $1000 could be purchased, (similar grade), for more like $500 TODAY if someone wanted to own it. </p><p><br /></p><p>If those things are true, just how much validity does an Ebay sale have as the basis for "market pricing". Its a data point, but if you can buy a certain coin over and over again for much cheaper from a dealer, (and there are MANY coins I know of that this is true for), than from Ebay, I simply do not believe that the "Ebay price" of a coin is truly indicative of its "market price". I would relate it more to HSN pricing. HSN will sell a BU morgan, (heck, thousands at a shot), for $100. Does that mean every low grade BU morgan in existence is now magically worth $100? Does what someone overpays on HSN change the "market price" for a coin?</p><p><br /></p><p>I know Ebay and HSN are not the same, and its a little unfair comparison, but the principal is similar. In both cases I simply view the person buying it as overpaying for the coin, and if they turn around the next day to sell they will most likely lose money.</p><p><br /></p><p>Like I said, just my opinion on it. I do believe Ebay IS a data point that needs to be considered, just like traditional dealers, Vcoins, and other sources nowadays. Like I said earlier, I try to consider all sources, and then judge the "market price" to be the lowest price of continued sales.</p><p><br /></p><p>Another example would be Greenland coins. These might sell for $10 from a traditional dealer, but sell for like $30 on Ebay. Both might be consistent sales. In my view, as long as I can continue to buy for $10 from dealers, that is the "market price", not the $30 Ebay price. However, a smart seller will recognize this and sell on Ebay. I view your sales similarly sir. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="medoraman, post: 1591881, member: 26302"]I would fully agree IF Ebay was the only place to buy. However, in my examples I posted, I can buy that book from 10 sellers TODAY if I wished to buy it. However, the cheapest price it could be purchased for would be $500. Similarly, I would wager the coin you sold for over $1000 could be purchased, (similar grade), for more like $500 TODAY if someone wanted to own it. If those things are true, just how much validity does an Ebay sale have as the basis for "market pricing". Its a data point, but if you can buy a certain coin over and over again for much cheaper from a dealer, (and there are MANY coins I know of that this is true for), than from Ebay, I simply do not believe that the "Ebay price" of a coin is truly indicative of its "market price". I would relate it more to HSN pricing. HSN will sell a BU morgan, (heck, thousands at a shot), for $100. Does that mean every low grade BU morgan in existence is now magically worth $100? Does what someone overpays on HSN change the "market price" for a coin? I know Ebay and HSN are not the same, and its a little unfair comparison, but the principal is similar. In both cases I simply view the person buying it as overpaying for the coin, and if they turn around the next day to sell they will most likely lose money. Like I said, just my opinion on it. I do believe Ebay IS a data point that needs to be considered, just like traditional dealers, Vcoins, and other sources nowadays. Like I said earlier, I try to consider all sources, and then judge the "market price" to be the lowest price of continued sales. Another example would be Greenland coins. These might sell for $10 from a traditional dealer, but sell for like $30 on Ebay. Both might be consistent sales. In my view, as long as I can continue to buy for $10 from dealers, that is the "market price", not the $30 Ebay price. However, a smart seller will recognize this and sell on Ebay. I view your sales similarly sir. :)[/QUOTE]
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