Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
How actively do y'all sell and/or trade coins?
>
Reply to Thread
Message:
<p>[QUOTE="Hiddendragon, post: 1811333, member: 25270"]On the subject of learning about buying from selling, I think I have learned some interesting things. The biggest things I've learned probably fall under the umbrella of how little logic there is in what coins sell for. I've had coins listed for sale starting at a dollar bid, with no interest at all for months, and then all of a sudden two bidders come along and bid each other up and the coin sells for $10. I've seen coins that should fetch several dollars go for much less, and others that should be of very little value sell for a lot more. I've found that there are certain sellers out there who can consistently sell the same coin that I am selling for several times the price I get for it just because of who they are. Some of these things I learn from buying too, but it really is fascinating to watch your own and others completed auctions over time and see the strange things that happen. </p><p><br /></p><p>Recently I purchased a group of 49 Asian coins from a seller who didn't know anything about them. I don't know much about Asian coins either but I've been trying to learn more and it was only $7 total for the lot. There were a bunch of coins from Myanmar/Burma included, and I didn't have very many of those before. The price guide lists most of these coins at 10 or 20 cents value (these are late 1940s, early 1950s coins). I had some doubles, so I listed them starting at $1. Well, two of them ended up selling for $18, and two others for $9.50. I had no idea there was such interest in this country out there. That's what I learned from that sale.[/QUOTE]</p><p><br /></p>
[QUOTE="Hiddendragon, post: 1811333, member: 25270"]On the subject of learning about buying from selling, I think I have learned some interesting things. The biggest things I've learned probably fall under the umbrella of how little logic there is in what coins sell for. I've had coins listed for sale starting at a dollar bid, with no interest at all for months, and then all of a sudden two bidders come along and bid each other up and the coin sells for $10. I've seen coins that should fetch several dollars go for much less, and others that should be of very little value sell for a lot more. I've found that there are certain sellers out there who can consistently sell the same coin that I am selling for several times the price I get for it just because of who they are. Some of these things I learn from buying too, but it really is fascinating to watch your own and others completed auctions over time and see the strange things that happen. Recently I purchased a group of 49 Asian coins from a seller who didn't know anything about them. I don't know much about Asian coins either but I've been trying to learn more and it was only $7 total for the lot. There were a bunch of coins from Myanmar/Burma included, and I didn't have very many of those before. The price guide lists most of these coins at 10 or 20 cents value (these are late 1940s, early 1950s coins). I had some doubles, so I listed them starting at $1. Well, two of them ended up selling for $18, and two others for $9.50. I had no idea there was such interest in this country out there. That's what I learned from that sale.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
World Coins
>
How actively do y'all sell and/or trade coins?
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...