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<p>[QUOTE="Hiddendragon, post: 1279205, member: 25270"]You make good points, Medoraman. I guess the lesson I would take away from it is that Krause is good to find the mintage numbers and get a general idea of the value, but keep in mind that just because the book gives that value, it doesn't mean you can buy or sell the coin at that value. EBay is good to see how the demand and value is trending, but is not an absolute indication of the value either. </p><p><br /></p><p>I think most people should know better than to pay any attention to a seller's grade on eBay. Look at the photos, read the description and grade it yourself. When I list my own coins on eBay, that's how I approach it. I'm not going to try to give it a grade, because that just opens me up for someone complaining after they receive it. But to the original poster's question, there are a lot of people who list on eBay at way inflated prices. Sometimes I think they're just someone who inherited or found some old coins in the attic and are just guessing they're worth because they are old and have no other basis for their prices. I was looking at another auction site that was not eBay, and there was one seller with a bunch of world coins listed, and he was asking $100 for each. They were all common, modern coins worth less than a dollar apiece. The important thing is not to bid on a coin on eBay impulsively - have an idea of what it's worth. If nothing else you can search completed auctions and see what similar ones are selling for so you're not the sucker who's payin $100 for that $1 coin.[/QUOTE]</p><p><br /></p>
[QUOTE="Hiddendragon, post: 1279205, member: 25270"]You make good points, Medoraman. I guess the lesson I would take away from it is that Krause is good to find the mintage numbers and get a general idea of the value, but keep in mind that just because the book gives that value, it doesn't mean you can buy or sell the coin at that value. EBay is good to see how the demand and value is trending, but is not an absolute indication of the value either. I think most people should know better than to pay any attention to a seller's grade on eBay. Look at the photos, read the description and grade it yourself. When I list my own coins on eBay, that's how I approach it. I'm not going to try to give it a grade, because that just opens me up for someone complaining after they receive it. But to the original poster's question, there are a lot of people who list on eBay at way inflated prices. Sometimes I think they're just someone who inherited or found some old coins in the attic and are just guessing they're worth because they are old and have no other basis for their prices. I was looking at another auction site that was not eBay, and there was one seller with a bunch of world coins listed, and he was asking $100 for each. They were all common, modern coins worth less than a dollar apiece. The important thing is not to bid on a coin on eBay impulsively - have an idea of what it's worth. If nothing else you can search completed auctions and see what similar ones are selling for so you're not the sucker who's payin $100 for that $1 coin.[/QUOTE]
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question about coin values, please respond.
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