I Was Talking To A Person On About.com In The Coins Section That Was Trying To Sell Some Coins. They Gave Me A List Of Coins That They Wanted To Sell. They Had A Bunch Of Wheat Pennies, A 1946 Dime, A 1964 Quarter, A 1968 Half Dollar,And A Bunch Of New Forign Coins. I Offered Them $8 For It All. They Replied Back And Said They Looked The Values Up On Ebay And Said I Was Offering Too Little! Don't You All Think That's Ridiculous? Ebay Is Not A Reliable Coin Price Guide Compared To The 2006 Whitman Coin Value Book! The Wheat Pennies Were Not Even Good Dates. They Got All Mad And Said Screw It, It's Not Worth It. I'm Just Going To Spend The Damb Things Then. There Are So Many Stupid People Out There!
Watch the auctions to confirm the stupid people remark. ie.. ones buying SGS, Recently saw a $100 coin tops go for over 1500.00. None of my auctions end that way though.. I want stupid people bidding on my leftovers! Now see what you did, got me all worked up.. : )
You must be an honest person and dont use words/phrases like: RARE... ONE OF A KIND... MINT STATE... bla bla bla.
Not really stupid people, just uneducated, ill informed, dillusional and nieve. Try watching Jay Leno when he has what people buy on ebay. You just wouldn't believe it. I've heard so many people say I am not throwing this out, I'm going to sell it on ebay and they do. You could go outside and grab a garbage can full of garbage and sell it on ebay.
Have to say that I dont find there answer ridiculouse at all, they obviously had higher expectations after looking at ebay which to be honest is as good a guide as any but from your perspective thay were not worth more than you offerd, my response would have been sorry but that is my limit but by all means try the bay . I keep saying this so here goes again Price guides are not gospel just plain & simply a guide a coin like anything else in the marketplace is worth precisly what someone is willing to pay for it no matter how educated they might or might not be on the subject. If we see a coin at a regular auction sell for 2 to 3 times estimate do we then say the buyer dont know what he is doing? of course not we assume that because it is a 'Proper Auction' they know LOL I totaly agree that there are gullible folks out there and we can but try to educate them but with the growth of Ebay then it will have a effect on prices weather we like it or not. De Orc
You're from the Ukraine ? I'm from the US, but learned enough Russian to be able to handle the Cyrillic alphabet. A good friend of mine is in Ukraine right now. Welcome !
Would I go by the prices published in a book, or by current realized auction prices? Hmmmm... that's a tough one. Reminds me of a few times that I've made offers to some dealers, beased on realized auction prices and they've told me the price is too low because some price sheet or guide says it's worth more.
the right toning, the right strike, lack of any large marks can make price guides be just that....a guide thus as said, it's whatever someone will pay and just as importantly, WHO'S LOOKING at that moment in time. I recently sold a partial set of Barber dimes on ebay. I'd put the reserve and BIN much higher than I'd meant to but wasn't able to lower the BIN after I already had bids. The last day, along comes an ebay shark and bought the set for my BIN of $650. These coins were about 60 that were all AG-VG. Well, I had been watching another auction and it was for about the same amount of coins, but from the fuzzy scans provided I could tell the coins were at least a little better than the ones I'd sold. So, I waited until the last minute, put in a bid and won the whole lot for $300! When I got the coins, they were mostly VG-XF and just to show some of the know-it-alls on ebay coin chat that I knew what I was doing, I broke the set down a couple of months ago or so and sold them all individually for over $2100. That was a rare find, and I kinda wish I'd of kept them. Course, I still have my best book! )
The book is a GUIDE BOOK. Any coin listed in it in any grade means that some coins during the previous year sold for more than the published price and some sold for less. i.e., Let's assume that a certain coin in a certain grade is listed at $100.00. In the past some were sold for $80, $85, $90, $100, $105, $110, $115 and $120. The average price is the listed price you see.
You would think that is how they would do it - trouble is they don't. Most all price guides list the single highest price they can find. It makes it easier to sell magazines & price guides that way.
What about the grey sheet? What are all of your opinions on that? And, ewwww, somebody was selling loaded diapers on eBay? That is gross! Who would buy something like that? Good grief man!
The Greysheet is different. In the first place it is based on wholesale prices not retail. And it is based on bid/ask prices that dealers are making to each other. Yes some dealers will buy/sell to collectors at or very close to listed Greysheet values, but most of them will sell to collectors at 15% - 20% over and buy at 15% - 20% under Greysheet listed values. Of all the guides, the Greysheet is the best. But even it is still just a guide, the numbers can go either direction and often do. Your best resource for checking retail values always has been and always will be realized auction prices. And in today's world, it's very easy to do so.
And I bid based on the lowest prices I can find (as I'm sure many others do). All the guides do is give dealers a high start price (some don't back down much from that), and others an expectation (false) of what a coin is "worth." As I mentioned before, it's funny to see dealers baulk at some of the offers I've made (based on realized prices, with links) because they feel the coin is worth what some guide says it's worth. I watch those auctions repeat over and over. Bottom line is that an 1802 half cent isn't worth more than a half cent, but if you can find someone willing to pay more than a half cent for it (be it $5, $100, just under realized prices, over realized prices, at <insert favorite guide> price, over <insert favorite guide> price)... more power to ya'.
The more I look around at local "dealers" and in my business travels, I think that GD's statement is more the RULE than the exception.
If you look at any price guide and then check what the same coin sells for on ebay, you'll find in most cases that the prices aren't all that different. There are of course some exceptions when people who don't know what they are doing get involved and start bidding but I'd bet that there are enough coins that go for less than they are worth to offset the outrageous prices a few of them go for and consequentally average out the overall prices to the book values. There really is no way to prove that easily but I have purchased enough on ebay be confident in my assertion. BTW I have purchased several coins on ebay from a seller named Clickandship in the past and they have been an excellent seller until recently. They use stock photos but the coins they send have been first rate. While I was away on vacation earlier this month, I bid on a proof coin and I let them know that I might be gone until the 9th and that I would pay when I got home if I was the eventual winner. They sent a quick reply saying basically thanks for the heads up. Turns out I did win the coin and managed to pay for it while at my brothers house on the 4th and half expected it to be waiting for me when I got home or soon after. Guess what. It never showed up. I emailed them to ask if it had been shipped and they ignored every email that I sent. I finally began the dispute process through paypal and sent them a lenghty appeal for some kind of resolution. They have still refused to respond in any way. If you read their webpage they claim that they would rather handle disputes directly and are extemely responsive to problems. I guess you can claim anything you want to on your own webpage but it is BS in their case. It was only an 18.50 purchase but I guess their mounting negative feedback doesn't bother them. Has anyone else had an experience like this on ebay and how has it turned out? My advice is AVOID CLICKANDSHIP AT ALL COSTS:headbang: :headbang: :headbang: :headbang: :headbang:
