Message:

<p>[QUOTE=&quot;GoldFinger1969, post: 2362308, member: 73489&quot;]<b>MD, remember this:&nbsp; </b>I am talking about low-balling on coins that <u>have REPEATEDLY not gotten offers for weeks or months because the seller has a ridiculously high price.</u> I am not talking about being at the high-end of FMV; I am talking about being way over FMV.</p><p><br /></p><p>A few weeks ago I saw a common $20 Saint (can&#039;t remember the year) being listed for $2,800.&nbsp; It was an MS-65 but no CAC...I couldn&#039;t see why it would even be above $2K.&nbsp; I contacted the seller and asked &quot;<i>Hey, am I missing something....why are you almost $1,000 above FMV and $600 above the next highest offer for a coin like this ?&nbsp; Does it have something I am missing ?</i>&quot; </p><p><br /></p><p>He wrote back that <b>he bought the coin when gold was $1,800/oz. and was not going to sell it for a loss.</b></p><p><br /></p><p>Hey....I get where he is coming from, but if I bid $1,800 or $2,000 or even $2,200 (ridiculous for a $20 Saint common with gold at $1,200/oz.), then what ?&nbsp; At best, he comes down all the way (he wouldn&#039;t) and I overpaid.&nbsp; Or then I keep bidding higher and maybe he comes down to $2,799.</p><p><br /></p><p><b>Bottom Line: </b> If the guy is close to FMV, I will bid legitimately right from the get-go.&nbsp; But 20% or more over FMV I am going low.&nbsp; 30-40% over FMV and it&#039;s &#039;stink-bid&#039; time. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>

Your name or email address:

Do you already have an account?

• No, create an account now.
• Yes, my password is:
• Forgot your password?

Stay logged in