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<p>[QUOTE="kangayou, post: 895521, member: 23111"]<b>my letter to eBay</b></p><p><br /></p><p>Has your company lost its collective mind ?</p><p>Where on earth did you come up with these "average price" figures ?</p><p>I certainly hope your "final value fees" are not based on these so called "average prices".</p><p>Nobody in their right state of mind is going to pay $110.00 for a 1943 Lincoln Cent.</p><p><br /></p><p>The 1943 Lincoln Steel Cent is so common that even in MS (mint state) they are not worth more than $10.00.</p><p><br /></p><p>Your company really could use a complete make over in the way coins & currencies are auctioned.</p><p>Coins & currency need to be treated differently when it comes to reserved pricing and final value fees.</p><p><br /></p><p>I am not referring to the legalized gambling that the "unsearch Lincoln Wheat rolls" merchants are hawking.</p><p><br /></p><p>Your company could use some numismatic professionals to run coin & currency auctions and their associated fees more along the lines of Heritage & Teletrade.</p><p><br /></p><p>Let's say I have a Lincoln Wheat Cent that is valued at $2.00 in the RedBook and I want to make that Cent available to someone on </p><p>eBay who could use it to complete their collection. There is no way for me to guarantee that I will realize $2.00 from the sale of that </p><p>coin unless I set a reserve price of $4.50 because of your flat rate reserve price fee and your extra photo fee ( there are 2 sides to </p><p>most coins ) and your final value fee and PayPal's fee. You make it impossible to turn an "honest" profit on ungraded coins.</p><p><br /></p><p>The sellers of graded coins can do ok , but why sell it on eBay if it is graded ?</p><p>The sellers of unknown content rolls or bags of coins are just another form of playing the lottery , yes it is gambling. There should be </p><p>a cap of 6 times face value for US copper coins and 12 times face value for US silver coins , WHEN they are rolls or bags that are sold with the unknown or unsearched description. If the seller cannot provide an actual clear & viewable image of the obverse and reverse of each coin in the auction , then they are selling an unknown item.</p><p><br /></p><p>I will still buy "unsearched wheat cent rolls" , but I know that it is in essence taking an extreme financial risk and not an actual numismatic pursuit.</p><p><br /></p><p><br /></p><p><span style="color: Red"><b><u><i>On Thu, May 20, 2010 at 2:23 AM, eBay <eBay@reply1.ebay.com> wrote:</i></u></b></span></p><p><span style="color: Red"><b><u><i><br /></i></u></b></span></p><p><span style="color: Red"><b><u><i> Can't see the pictures? Select "Always display images" or view this message in your browser.</i></u></b></span></p><p><span style="color: Red"><b><u><i> eBay eBay sent this message to</i></u></b></span></p><p><span style="color: Red"><b><u><i> Learn more.</i></u></b></span></p><p><span style="color: Red"><b><u><i> </i></u></b></span></p><p><span style="color: Red"><b><u><i> Make it yours </i></u></b></span></p><p><span style="color: Red"><b><u><i> Cameras & Photo Computers &</i></u></b></span></p><p><span style="color: Red"><b><u><i> Networking Electronics Home & Garden Daily Deal</i></u></b></span></p><p><span style="color: Red"><b><u><i> </i></u></b></span></p><p><span style="color: Red"><b><u><i> Find Coins & Paper Money you're looking for</i></u></b></span></p><p><span style="color: Red"><b><u><i> </i></u></b></span></p><p><span style="color: Red"><b><u><i> Still interested in this? Don't miss out!</i></u></b></span></p><p><span style="color: Red"><b><u><i><br /></i></u></b></span></p><p><span style="color: Red"><b><u><i>1943 Lincoln Cent</i></u></b></span></p><p><span style="color: Red"><b><u><i>Avg. Price:</i></u></b></span></p><p><span style="color: Red"><b><u><i>$110.94</i></u></b></span></p><p><span style="color: Red"><b><u><i><br /></i></u></b></span></p><p><span style="color: Red"><b><u><i>Start shopping</i></u></b></span></p><p><span style="color: Red"><b><u><i> </i></u></b></span></p><p><span style="color: Red"><b><u><i>Other popular products to choose from</i></u></b></span></p><p><span style="color: Red"><b><u><i> </i></u></b></span></p><p><span style="color: Red"><b><u><i> </i></u></b></span></p><p><span style="color: Red"><b><u><i>1944 Lincoln Cent Avg. Price: $25.08 </i></u></b></span></p><p><span style="color: Red"><b><u><i>1941 Lincoln Cent Avg. Price: $39.90 </i></u></b></span></p><p><span style="color: Red"><b><u><i>1949 Lincoln Cent Avg. Price: $8.09</i></u></b></span></p><p><span style="color: Red"><b><u><i> </i></u></b></span></p><p><span style="color: Red"><b><u><i>Popular searches</i></u></b></span></p><p><span style="color: Red"><b><u><i> </i></u></b></span></p><p><span style="color: Red"><b><u><i>Lincoln Cents PCGS</i></u></b></span></p><p><span style="color: Red"><b><u><i>2009 Lincoln Cent 1909 S Vdb</i></u></b></span></p><p><span style="color: Red"><b><u><i> </i></u></b></span></p><p><span style="color: Red"><b><u><i>Don't miss another deal!</i></u></b></span></p><p><span style="color: Red"><b><u><i>go to eBay</i></u></b></span></p><p><span style="color: Red"><b><u><i>Avg. Price: We looked at average selling price on eBay for used and new items combined over a 30 day period immediately preceding the date this email was sent. Because this is an average price for the product, the actual price at any time may be higher or lower. Shipping and handling charges not included. No representation is made that a particular item is available at a particular price. </i></u></b></span></p><p><span style="color: Red"><b><u><i><br /></i></u></b></span></p><p><span style="color: Red"><b><u><i>Subject to availability.</i></u></b></span>[/QUOTE]</p><p><br /></p>
[QUOTE="kangayou, post: 895521, member: 23111"][b]my letter to eBay[/b] Has your company lost its collective mind ? Where on earth did you come up with these "average price" figures ? I certainly hope your "final value fees" are not based on these so called "average prices". Nobody in their right state of mind is going to pay $110.00 for a 1943 Lincoln Cent. The 1943 Lincoln Steel Cent is so common that even in MS (mint state) they are not worth more than $10.00. Your company really could use a complete make over in the way coins & currencies are auctioned. Coins & currency need to be treated differently when it comes to reserved pricing and final value fees. I am not referring to the legalized gambling that the "unsearch Lincoln Wheat rolls" merchants are hawking. Your company could use some numismatic professionals to run coin & currency auctions and their associated fees more along the lines of Heritage & Teletrade. Let's say I have a Lincoln Wheat Cent that is valued at $2.00 in the RedBook and I want to make that Cent available to someone on eBay who could use it to complete their collection. There is no way for me to guarantee that I will realize $2.00 from the sale of that coin unless I set a reserve price of $4.50 because of your flat rate reserve price fee and your extra photo fee ( there are 2 sides to most coins ) and your final value fee and PayPal's fee. You make it impossible to turn an "honest" profit on ungraded coins. The sellers of graded coins can do ok , but why sell it on eBay if it is graded ? The sellers of unknown content rolls or bags of coins are just another form of playing the lottery , yes it is gambling. There should be a cap of 6 times face value for US copper coins and 12 times face value for US silver coins , WHEN they are rolls or bags that are sold with the unknown or unsearched description. If the seller cannot provide an actual clear & viewable image of the obverse and reverse of each coin in the auction , then they are selling an unknown item. I will still buy "unsearched wheat cent rolls" , but I know that it is in essence taking an extreme financial risk and not an actual numismatic pursuit. [COLOR=Red][B][U][I]On Thu, May 20, 2010 at 2:23 AM, eBay <eBay@reply1.ebay.com> wrote: Can't see the pictures? Select "Always display images" or view this message in your browser. eBay eBay sent this message to Learn more. Make it yours Cameras & Photo Computers & Networking Electronics Home & Garden Daily Deal Find Coins & Paper Money you're looking for Still interested in this? Don't miss out! 1943 Lincoln Cent Avg. Price: $110.94 Start shopping Other popular products to choose from 1944 Lincoln Cent Avg. Price: $25.08 1941 Lincoln Cent Avg. Price: $39.90 1949 Lincoln Cent Avg. Price: $8.09 Popular searches Lincoln Cents PCGS 2009 Lincoln Cent 1909 S Vdb Don't miss another deal! go to eBay Avg. Price: We looked at average selling price on eBay for used and new items combined over a 30 day period immediately preceding the date this email was sent. Because this is an average price for the product, the actual price at any time may be higher or lower. Shipping and handling charges not included. No representation is made that a particular item is available at a particular price. Subject to availability.[/I][/U][/B][/COLOR][/QUOTE]
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