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Please explain something to me b/c I have had been out of the market for awhile
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<p>[QUOTE="OldGoldGuy, post: 2125522, member: 72697"]I would consider myself a fair trader/dealer/salesman. Not that I am a coin "dealer" by any means. But I have in fact sold coins before to fuel my purchases. A year or two ago, after a conversation very similar to this thread with a friend who is a full time coin dealer, I listed a coin, a graded coin, for TRIPLE the book value. It was probably worth $150-175 according to NGC. Luckily, there were no others on eBay at the time. So in the title and description, I said that. I said "only available one!".....And, with a BIN at $500 or best offer, I had 3 offers within an hour. AN HOUR. I countered all 3 with the same $475 counteroffer, and I had one accept it within 5 mins. </p><p><br /></p><p>At the next weeks coin show, I printed out the listing, and the buyers accepted $475 offer for my friend. I asked if he remembered the coin. He knows I paid $75 for it. When he saw the buyers accepted offer, I had to scrape his chin off the floor. There is a term for these buyers. BIDIOTS. Now, I did feel kind of bad, so I sent a common date BU Morgan with it. With a message saying something like "I am a dealer just starting out, trying to get my name out there, please accept this Morgan as a gift of my appreciation"...aye yay yay[/QUOTE]</p><p><br /></p>
[QUOTE="OldGoldGuy, post: 2125522, member: 72697"]I would consider myself a fair trader/dealer/salesman. Not that I am a coin "dealer" by any means. But I have in fact sold coins before to fuel my purchases. A year or two ago, after a conversation very similar to this thread with a friend who is a full time coin dealer, I listed a coin, a graded coin, for TRIPLE the book value. It was probably worth $150-175 according to NGC. Luckily, there were no others on eBay at the time. So in the title and description, I said that. I said "only available one!".....And, with a BIN at $500 or best offer, I had 3 offers within an hour. AN HOUR. I countered all 3 with the same $475 counteroffer, and I had one accept it within 5 mins. At the next weeks coin show, I printed out the listing, and the buyers accepted $475 offer for my friend. I asked if he remembered the coin. He knows I paid $75 for it. When he saw the buyers accepted offer, I had to scrape his chin off the floor. There is a term for these buyers. BIDIOTS. Now, I did feel kind of bad, so I sent a common date BU Morgan with it. With a message saying something like "I am a dealer just starting out, trying to get my name out there, please accept this Morgan as a gift of my appreciation"...aye yay yay[/QUOTE]
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Please explain something to me b/c I have had been out of the market for awhile
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