Any bargains on E-Bay?

Any bargains on E-Bay?

Post by Rich » Wed, 28 Apr 1999 04:00:00



Hello group,
I was just wondering if there is any bargains to be found on ebay us
coins.   I mostly hear bad news about ebay from this group.  Is it
because the entire planet is bidding on the same items making the price
go higher than normal?  I suspect if there was only 100 people in an
auction then the demand would be less for an item making the price
lower.
I am mostly interested in proof and mint sets at this time.
    If items sell regularly higher on ebay than at  a regular coin
shop,  would that tend to drive the price of coins higher overall?
thanks in advance
Rich
 
 
 

Any bargains on E-Bay?

Post by Wolfgang Benninghov » Wed, 28 Apr 1999 04:00:00


: Hello group,
: I was just wondering if there is any bargains to be found on ebay us
: coins.   I mostly hear bad news about ebay from this group.  Is it

Depends who you talk to.  The sellers say there are only a bunch od
skinflints out there and everything sell for a song.  On the other hand
the buyers complain about not being able to buy at a reasomable price.  
My experience has be from both sides.  As a buyer I can't seem to find
items at a reasonable reduction from my local dealer's price and as a
seller I seem to get stuck loosng money on most things.  I must be one of
those guys who is always in a no win situation.  It seems if I want it
it's very popular and if I have it to sell everyone has the same thing.  
I try to bid on lots offered by people who don't make money (just to help
them out) thereby popularizing their item and pushing the price way above
retail.  No kidding, I can really do this.  Anyone want to subscribe to
my service?  In all seriousness I think there is a cost factor invloved.  
Cheaper items ($15-40 range) have a potential for getting higher than
retail because of their cheapness and more expensive items tend to be
cheaper because of the bidders cheapness.  Of course this is strictly an
unscientific observation.  What do you all think???

: because the entire planet is bidding on the same items making the price
: go higher than normal?  I suspect if there was only 100 people in an
: auction then the demand would be less for an item making the price
: lower.
: I am mostly interested in proof and mint sets at this time.
:     If items sell regularly higher on ebay than at  a regular coin
: shop,  would that tend to drive the price of coins higher overall?

I think you will find there have been some good buys (and sales) on
eBay.  Just watch what you are bidding on and set a limit, based on what
ever factors you use, stick to it.  Buy the book before the coin and don't
let the bed bugs bite.

Wolf
====

 
 
 

Any bargains on E-Bay?

Post by Mr. William J. Ch » Wed, 28 Apr 1999 04:00:00


Quote:
> I am mostly interested in proof and mint sets at this time.

There are a few bargains on Ebay, though they are hard to find these
days.  Unfortunately, proof and mint sets seem to go for relatively
high prices.  I'm sure that certain items have gone up in price because
people found they could readily resell them on Ebay at a nice profit.  
That's how markets work.
 - Bill
 
 
 

Any bargains on E-Bay?

Post by Paul.. » Wed, 28 Apr 1999 04:00:00


Why is it that nobody complains when the bigger auction houses are
setting record prices all the time, but if some guy on ebay pays $35 for
a $30 coin because he wants that certain coin really bad everybody
complains. most coin prices are not set in stone they are just a guide,
it all depends on how bad someone wants or needs a certain dated coin.
Sometimes its easier to pay a couple extra dollars for a coin that is
right in front of you than to take the time going to different dealers
or shows looking for it.
 
 
 

Any bargains on E-Bay?

Post by Nick Knigh » Wed, 28 Apr 1999 04:00:00




Quote:
>Why is it that nobody complains when the bigger auction houses are
>setting record prices all the time, but if some guy on ebay pays $35 for
>a $30 coin because he wants that certain coin really bad everybody
>complains. most coin prices are not set in stone they are just a guide,
>it all depends on how bad someone wants or needs a certain dated coin.
>Sometimes its easier to pay a couple extra dollars for a coin that is
>right in front of you than to take the time going to different dealers or
>shows looking for it.

Right, the "trends" and grey sheet are just a guide, that's agreeable.
And I've been known to pay a couple of extra dollars for a coin that is
"just right", or that I wanted to fill a specific gap (usually, tho, I'm
looking for great deals :).  However, the puzzling part is when someone is
paying a HUGE amount above "normal".  This happens alot on eBay.
Specifically, I see a whole bunch of AU-level "common" busties on eBay
right now, and some of them are bid way above what they would have been a
couple of months ago.  An upward trend?  Perhaps, but all of the high
bidders are newbies.  Put it in a slab, and there seems to be a
current-day frenzy for it.  Yet, mint state pieces appear on occassion and
don't see the same attention.  Puzzling.

Bargains are harder to find on eBay these days, IMO.  You can still find
them, and to me, being harder to find just makes it a little more
rewarding when you do snatch one.

Nick
--
-----------------------------------------------------------

Senior Software Engineer
Secant Technologies, Inc.             http://www.secant.com
-----------------------------------------------------------

 
 
 

Any bargains on E-Bay?

Post by Mark » Wed, 28 Apr 1999 04:00:00


Quote:



> >Why is it that nobody complains when the bigger auction houses are
> >setting record prices all the time, but if some guy on ebay pays $35 for
> >a $30 coin because he wants that certain coin really bad everybody
> >complains. most coin prices are not set in stone they are just a guide,
> >it all depends on how bad someone wants or needs a certain dated coin.
> >Sometimes its easier to pay a couple extra dollars for a coin that is
> >right in front of you than to take the time going to different dealers or
> >shows looking for it.

> Right, the "trends" and grey sheet are just a guide, that's agreeable.
> And I've been known to pay a couple of extra dollars for a coin that is
> "just right", or that I wanted to fill a specific gap (usually, tho, I'm
> looking for great deals :).  However, the puzzling part is when someone is
> paying a HUGE amount above "normal".  This happens alot on eBay.
> Specifically, I see a whole bunch of AU-level "common" busties on eBay
> right now, and some of them are bid way above what they would have been a
> couple of months ago.  An upward trend?  Perhaps, but all of the high
> bidders are newbies.  Put it in a slab, and there seems to be a
> current-day frenzy for it.  Yet, mint state pieces appear on occassion and
> don't see the same attention.  Puzzling.

> Bargains are harder to find on eBay these days, IMO.  You can still find
> them, and to me, being harder to find just makes it a little more
> rewarding when you do snatch one.

> Nick
> --
> -----------------------------------------------------------

> Senior Software Engineer
> Secant Technologies, Inc.             http://www.secant.com
> -----------------------------------------------------------

I'm new to coins, but so far I haven't been pulled into anything  too
silly as far as bidding goes. I don't have the bucks to go after the
really unique coins so I look in the guide, set my limit at a few bucks
over what it lists and see what happens. I figure if it's not a
particularly rare coin I can always find one at a shop or show.

Tanx!

 
 
 

Any bargains on E-Bay?

Post by PFDJ » Wed, 28 Apr 1999 04:00:00


Quote:

>>>.........I don't have the bucks to go after the really unique coins so I

look in the guide, set my limit at a few bucks over what it lists and see what
happens.<<<

A better strategy....since you're not going after the "unique" coins..... might
be to set your limit a few bucks UNDER list and see what happens.

If you get beat....another one will come along....be patient.

***************************
Phil DeMayo
Coinmasters 1188
ANA R-182606

***************************

 
 
 

Any bargains on E-Bay?

Post by Teel Adam » Wed, 28 Apr 1999 04:00:00


I have gotten an IHC 1872 S-10 and an IHC 1860 Type I (narrow bust) at very
nice prices.   There are bargins if you look enough.
 
 
 

Any bargains on E-Bay?

Post by PFDJ » Wed, 28 Apr 1999 04:00:00


The other day I picked up a 1922-D NGC 65 Peace Dollar for $200.

Trends has it at $435 and Coin Universe at $375. A pretty good deal either way.
***************************
Phil DeMayo
Coinmasters 1188
ANA R-182606

***************************

 
 
 

Any bargains on E-Bay?

Post by Joe Sewe » Wed, 28 Apr 1999 04:00:00


Quote:

>Hello group,
>I was just wondering if there is any bargains to be found on ebay us
>coins.   I mostly hear bad news about ebay from this group.  Is it
>because the entire planet is bidding on the same items making the price
>go higher than normal?  I suspect if there was only 100 people in an
>auction then the demand would be less for an item making the price
>lower.

The large number of bidders can make a difference, but more often than not
it's somebody who desperately wants something, and pumps the bid up just
to get it.  (Then they welch on the deal, causing consternation for
everybody.)

All it takes, though, for that to happen is 2 bidders.  I had that happen
over on Numismedia; I just couldn't "reach" a coin because someone else
outbid me.

There ARE bargains to be had on eBay...

Quote:
>I am mostly interested in proof and mint sets at this time.

... except there. :)

Seriously, eBay is a good place to snag Souvenir mint sets at fairly
reasonable prices (since many dealers have never heard of them, let alone
have them in stock regularly).  I haven't bid on US Proof & Mint sets,
mainly because my local dealer gives me a better deal on them (plus I know
he'll pick through his stock to give me the best he has ... that also
means I get to inspect it before I buy it).  I have bid on some foreign
Proof sets, although so far without success (i.e., I've always been
outbid).

Quote:
>    If items sell regularly higher on ebay than at  a regular coin
>shop,  would that tend to drive the price of coins higher overall?

I wouldn't think eBay bids would affect the official bid/price sheets, but
one of the dealers here can probably tell you better.
--

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Is reality merely* childish?                 *       AOL: JoeS10
virtual fantasy? *              - The Doctor *

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Any bargains on E-Bay?

Post by Joe Sewe » Wed, 28 Apr 1999 04:00:00



Quote:

>Why is it that nobody complains when the bigger auction houses are
>setting record prices all the time, but if some guy on ebay pays $35 for
>a $30 coin because he wants that certain coin really bad everybody
>complains.

How many of us have a hope of dealing with the big auction houses?  How
many of us have a hope of finding something on eBay?  It's really two
different worlds ... like an antique shop vs. a junk store, or an upscale
department store vs. a flea market.  (Maybe we should call it fleaBay? :)
)

Quote:
>most coin prices are not set in stone they are just a guide,
>it all depends on how bad someone wants or needs a certain dated coin.

Thanks for justifying some of the prices I've paid for Souvenir mint sets
on eBay & elsewhere. :)

Quote:
>Sometimes its easier to pay a couple extra dollars for a coin that is
>right in front of you than to take the time going to different dealers
>or shows looking for it.

Convenience never hurts.  On the other hand, unless it really IS right in
front of you (vs. a scan), it's sometimes better to scan the dealers & see
the coin before you buy it.
--

========================================================================

                 * grown up if you can't act *
Is reality merely* childish?                 *       AOL: JoeS10
virtual fantasy? *              - The Doctor *

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Any bargains on E-Bay?

Post by Joe Sewe » Wed, 28 Apr 1999 04:00:00



Quote:


>>>>.........I don't have the bucks to go after the really unique coins so I
>look in the guide, set my limit at a few bucks over what it lists and see what
>happens.<<<

>A better strategy....since you're not going after the "unique" coins..... might
>be to set your limit a few bucks UNDER list and see what happens.

>If you get beat....another one will come along....be patient.

Yes, PATIENCE is the key.

I wish I had a bigger key ring. :)
--

========================================================================

                 * grown up if you can't act *
Is reality merely* childish?                 *       AOL: JoeS10
virtual fantasy? *              - The Doctor *

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Any bargains on E-Bay?

Post by Rich » Wed, 28 Apr 1999 04:00:00


Thanks,
They seem to have very competative prices.
Quote:

> Try www.jakesmp.com for proof and mint sets.

 
 
 

Any bargains on E-Bay?

Post by Christy Grantlan » Thu, 29 Apr 1999 04:00:00


Try www.jakesmp.com for proof and mint sets.
Quote:

> Hello group,
> I was just wondering if there is any bargains to be found on ebay us
> coins.   I mostly hear bad news about ebay from this group.  Is it
> because the entire planet is bidding on the same items making the price
> go higher than normal?  I suspect if there was only 100 people in an
> auction then the demand would be less for an item making the price
> lower.
> I am mostly interested in proof and mint sets at this time.
>     If items sell regularly higher on ebay than at  a regular coin
> shop,  would that tend to drive the price of coins higher overall?
> thanks in advance
> Rich