Over graded and over priced Morgan dollar on Ebay

Discussion in 'Coin Chat' started by coinman1234, Sep 23, 2013.

  1. coinman1234

    coinman1234 Not a Well-Known Member

    1. I just found this 1885 O (common date sold for $50 at my coin store) that is clearly AU (I should know because I have Choice BU Morgan dollars) and over priced, a value for this coin is about $38.
     
    coinman1234, Sep 23, 2013
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  3. rickmp

    rickmp Frequently flatulent.

    AMEN
     
    rickmp, Sep 23, 2013
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  4. geekpryde

    geekpryde Husband and Father Moderator

    Someone if trying to get more $$$ for an item than fair market value (FMV). But that happens every...single...day and for millions of products. Car dealers are particularly good at getting more than FMV. I'm not sure this is news worthy, but it's good to be aware of.
     
    geekpryde, Sep 23, 2013
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  5. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    So, if I understand you correctly, you're basically telling us that your coin store sells $38 coins for $50?


    Perhaps a link to this noteworthy listing would better help to make your point.
     
    BooksB4Coins, Sep 23, 2013
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  6. beef1020

    beef1020 Junior Member

    When you say a value of $38, what makes your value more appropriate than the dealers value of $50?
     
    beef1020, Sep 23, 2013
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