Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Well, It's Not Working
>
Reply to Thread
Message:
<p>[QUOTE="GoldFinger1969, post: 3701807, member: 73489"]I don't think it's a scheme, it's paying for the ease and liquidity that the Internet (Ebay, HA, etc.) provide. Instead of having to pay buyer's and finder's fees....travel all around your area or worse, nationally....and wait months or years to find a special bill/coin, you can find it with a few keystrokes.</p><p><br /></p><p>And if HA costs you $6,000 all-inclusive, then it's doubtful that the FMV or cost will be the $5,000 excluding all the fees and charges. Maybe you can shave SOME of the premium if the seller is in at a lower cost and has some flexibility, but I think in the aggregate, for most items, the cost to buy will be closer to $6,000 than $5,000.</p><p><br /></p><p>You might get it closer to $5,000 or split the difference with a LCS, but again, you won't be able to get all the stuff you want as easily and as quickly as you can via auctions, the Internet, etc.</p><p><br /></p><p><b>The only exception/caveat might be a very liquid, commodity item like an American Eagle Gold coin, Silver Coins, etc. </b> I doubt anybody will buy one via HA or Ebay and pay a big premium for a raw coin or even the usual 6-7% that slabbed 70's and 69's command for modern stuff.</p><p><br /></p><p><b><u>That's why the Internet (Ebay, HA) works best on less-liquid, less-traded, harder-to-find stuff: you can slip a markup and other costs between the Bid and Ask prices more easily than you can for a commodity product where the bid-ask spread is narrow.</u></b></p><p><br /></p><p>I have never even checked HA to see what they charge for raw bullion gold coins; might be worth a look. I'm sure the premiums on slabbed 70's and 69's is reasonable relative to Ebay and coin shows and LCS's. Because the HA buyers tend to be pretty savvy relative to the general population that frequents Ebay and I am sure if the price of gold bullion is $1,500 an ounce...and an American Gold Eagle at your LCS costs $1,550....and even a slabbed 69 or 70 costs $1,650 or $1,700, respectively...that very few will be willing to pay $1,800-plus for raw bullion on HA. <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie8" alt=":D" unselectable="on" unselectable="on" />[/QUOTE]</p><p><br /></p>
[QUOTE="GoldFinger1969, post: 3701807, member: 73489"]I don't think it's a scheme, it's paying for the ease and liquidity that the Internet (Ebay, HA, etc.) provide. Instead of having to pay buyer's and finder's fees....travel all around your area or worse, nationally....and wait months or years to find a special bill/coin, you can find it with a few keystrokes. And if HA costs you $6,000 all-inclusive, then it's doubtful that the FMV or cost will be the $5,000 excluding all the fees and charges. Maybe you can shave SOME of the premium if the seller is in at a lower cost and has some flexibility, but I think in the aggregate, for most items, the cost to buy will be closer to $6,000 than $5,000. You might get it closer to $5,000 or split the difference with a LCS, but again, you won't be able to get all the stuff you want as easily and as quickly as you can via auctions, the Internet, etc. [B]The only exception/caveat might be a very liquid, commodity item like an American Eagle Gold coin, Silver Coins, etc. [/B] I doubt anybody will buy one via HA or Ebay and pay a big premium for a raw coin or even the usual 6-7% that slabbed 70's and 69's command for modern stuff. [B][U]That's why the Internet (Ebay, HA) works best on less-liquid, less-traded, harder-to-find stuff: you can slip a markup and other costs between the Bid and Ask prices more easily than you can for a commodity product where the bid-ask spread is narrow.[/U][/B] I have never even checked HA to see what they charge for raw bullion gold coins; might be worth a look. I'm sure the premiums on slabbed 70's and 69's is reasonable relative to Ebay and coin shows and LCS's. Because the HA buyers tend to be pretty savvy relative to the general population that frequents Ebay and I am sure if the price of gold bullion is $1,500 an ounce...and an American Gold Eagle at your LCS costs $1,550....and even a slabbed 69 or 70 costs $1,650 or $1,700, respectively...that very few will be willing to pay $1,800-plus for raw bullion on HA. :D[/QUOTE]
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
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Well, It's Not Working
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...