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Is eBay a hot mess when it comes to buying coins?
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<p>[QUOTE="GDJMSP, post: 3361640, member: 112"]Simple answer - yes. But understanding why the answer is yes is in fact quite complicated. </p><p><br /></p><p>Part of it is explained in the post made by sonlarson - you can only compare apples to apples, you cannot compare apples to oranges. Another part is that many of those, and at times I would even say the majority, people who buy coins on ebay grossly over-pay for the coins they buy. Which means that if you use the realized prices found on ebay as a guideline for values you are doing yourself a great disservice.</p><p><br /></p><p>And that only scratches the surface, there's a lot more involved as well.[/QUOTE]</p><p><br /></p>
[QUOTE="GDJMSP, post: 3361640, member: 112"]Simple answer - yes. But understanding why the answer is yes is in fact quite complicated. Part of it is explained in the post made by sonlarson - you can only compare apples to apples, you cannot compare apples to oranges. Another part is that many of those, and at times I would even say the majority, people who buy coins on ebay grossly over-pay for the coins they buy. Which means that if you use the realized prices found on ebay as a guideline for values you are doing yourself a great disservice. And that only scratches the surface, there's a lot more involved as well.[/QUOTE]
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