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<p>[QUOTE="Vess1, post: 688248, member: 13650"]Good question Kent. This will make a good reference thread for someone in the future. </p><p> I really like pennyguys advise. Everything generally has a range. For example, the redbook lists a 1935 MS-63 Peace dollar at a price of 120.00. NGC lists one at 115. A magazine I get monthly puts one at 120.00. I got one at a show last year for 125.00. This just happens to be one I've followed closely for whatever reason. So you can see the range. Knowing this, you would know if you found one for 100.00, you probably won't find another one cheaper. Or, if it's priced at 140.00, that's a little high and should be passed up or negotiated down.</p><p><br /></p><p> FWIW, there are no rules on ebay. We were just talking about it the other day in another thread. It was agreed that Ebay has raised the value of low dollar, poor quality coins and lowered the value of rarer nicer stuff. </p><p><br /></p><p> Reason being, if a Good coin is valued at $5, it's nothing to have someone bid it up 3 to 4x that amount and pay $20 for it because it's not that much more. They just want to win it even though they will grossly overpay.</p><p><br /></p><p> On the other hand, Ebay makes locating rarer, slabbed coins easier. Higher dollar stuff tends to have a much smaller pool of people interested or that can afford it at any given time. Therefore buyers expect a deep discount on more expensive stuff.</p><p><br /></p><p> You have to decide what you're willing to pay for a coin based on how bad you want it. You should not feel chained to a price guide in order to feel satisfaction about a purchase. It seems as though people focus more on how 'good of a deal' they get on something more than the actual coin itself. If it's premium quality, dont be afraid to pay. The guides can't possibly cover the broad ranges of quality within individual grades. They're just guides that will show you a range that is most likely in the ballpark.</p><p><br /></p><p> There really aren't many loose, high quality coins on ebay worth chasing. My perspective of what's on there has really changed over the past year. Now almost everything I look at looks like a cleaned, problem or low grade, low eye appeal coin. I have paid more than red book on buy it nows just to get some stuff that was at least above average. Such as a barber series coin with most of Liberty left in the head band. There aren't many on there.</p><p> People who say they look to only purchase stuff at 15-20% below Red book, while a novel goal, truth be told, probably aren't buying much. </p><p><br /></p><p> The best deals I've gotten have been at coin shows. I highly recommend them. You will get the most for your money and cut out shipping.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 688248, member: 13650"]Good question Kent. This will make a good reference thread for someone in the future. I really like pennyguys advise. Everything generally has a range. For example, the redbook lists a 1935 MS-63 Peace dollar at a price of 120.00. NGC lists one at 115. A magazine I get monthly puts one at 120.00. I got one at a show last year for 125.00. This just happens to be one I've followed closely for whatever reason. So you can see the range. Knowing this, you would know if you found one for 100.00, you probably won't find another one cheaper. Or, if it's priced at 140.00, that's a little high and should be passed up or negotiated down. FWIW, there are no rules on ebay. We were just talking about it the other day in another thread. It was agreed that Ebay has raised the value of low dollar, poor quality coins and lowered the value of rarer nicer stuff. Reason being, if a Good coin is valued at $5, it's nothing to have someone bid it up 3 to 4x that amount and pay $20 for it because it's not that much more. They just want to win it even though they will grossly overpay. On the other hand, Ebay makes locating rarer, slabbed coins easier. Higher dollar stuff tends to have a much smaller pool of people interested or that can afford it at any given time. Therefore buyers expect a deep discount on more expensive stuff. You have to decide what you're willing to pay for a coin based on how bad you want it. You should not feel chained to a price guide in order to feel satisfaction about a purchase. It seems as though people focus more on how 'good of a deal' they get on something more than the actual coin itself. If it's premium quality, dont be afraid to pay. The guides can't possibly cover the broad ranges of quality within individual grades. They're just guides that will show you a range that is most likely in the ballpark. There really aren't many loose, high quality coins on ebay worth chasing. My perspective of what's on there has really changed over the past year. Now almost everything I look at looks like a cleaned, problem or low grade, low eye appeal coin. I have paid more than red book on buy it nows just to get some stuff that was at least above average. Such as a barber series coin with most of Liberty left in the head band. There aren't many on there. People who say they look to only purchase stuff at 15-20% below Red book, while a novel goal, truth be told, probably aren't buying much. The best deals I've gotten have been at coin shows. I highly recommend them. You will get the most for your money and cut out shipping.[/QUOTE]
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