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Thread Title: A little help here - eBay Morgan Silver Dollar auction question
Created On Friday August 15, 2003 3:48 PM

numonebuyer
Expert Collector

Posts: 2621
Joined: May 2003

Friday August 15, 2003 3:48 PM

Please look at my ebay auctions (use link below). Am I asking too much for these coins? Should I relist (after auction is over and start bidding at a $1)? I really hate to use reserve auctions, but also don't want to give away these coins.

I am not a newbie to eBay, but really can't understand why I am having a tough time selling these coins.

Any suggestions would be useful.

Thanks

Numonebuyer

edited to correct a typo

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My Morgan Silver Dollar Web Page

Benefits to PCGS Set Registry

Best Wine Book

Edited: Friday August 15, 2003 at 4:03 PM by numonebuyer

Posts: 167
Joined: Aug 2003

Friday August 15, 2003 4:15 PM

Very pretty ladies

I'm gonna sit back for a few days and snipe a few

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Life can be like a bowl of cherries, sometimes its squishy and full of pits.

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BAJJERFAN
MORGANOLOGIST

Posts: 18813
Joined: Dec 2001

Friday August 15, 2003 4:32 PM

The way your auctions are titled it mite be hard to find em in a search. You might want to go in and change that.

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PLASTIC!! It adds a "little" and forgives a "lot". Things are more like they are now than they have ever been: Gerald Ford.
MY MORGAN REGISTRY SET

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BigD5
Master Collector

Posts: 6620
Joined: Feb 2001

Friday August 15, 2003 5:35 PM

Your ebay auctions link gives me an "invalid user" page......

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BigD5
LSCC#1864

Ebay Stuff

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MICHAELDIXON
The Professor

Posts: 10439
Joined: Feb 2001

Friday August 15, 2003 5:44 PM

I personally pass over any auction which says: "Professionally Graded." It looks very tacky, suspicious and I think somebody is selling a third tier slabbed coin. This reference: "An ANACS Authenticator/Grader was at the show and was grading coins for free." lets me know up-front the coin will most likely not be the stated grade. As with Airplanenut's post on the US Coin Forum, I've had them give their opinion on a Morgan as MS65 and then it come back 63 and type coins opinioned as MS63 come back AU58. Tell what the coin is, what you think of it and let the pictures speak for themselves.

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My Website
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Send me an e-mail

Edited: Friday August 15, 2003 at 5:47 PM by MICHAELDIXON

Posts: 879
Joined: Aug 2001

Friday August 15, 2003 5:58 PM

In addition to things pointed out already, your pictures do not give the whole story. To me personally, they are teasers. Just close enough to draw you in but not close enough for me to make my own decision on the coin.

Another thing, these coins are priced at very near retail for the "Professional Grades" they were given. If they were in a top tier 3rd party grader's plastic, you might get your price and a little more. The problem is that anyone that buys them at retail as raw coins is going to have to sink another $20 a coin or so for grading (if they want Certified Professional Grades) them. That takes them above retail and therefore, not really worth the gamble.

I too find ANACS hit or miss - when they are good, they are very, very good. When they're not, like every other opinion that's not, they stink.

I don't mean to offend, just provide an honest opinion that you asked for. I'm sure they are nice coins but we can't tell from the pictures and we know what opinions that aren't documented are worth. Finally, for the grades and the prices you have them listed for, the market and appeal is very slim. A smart and patient buyer can get these at eBay and Yahoo for about the same price, sometimes even in a PCGS slab. Good luck, Dave

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numonebuyer
Expert Collector

Posts: 2621
Joined: May 2003

Friday August 15, 2003 7:35 PM

I really appreciate all of the comments. I took no offense to any of them.

Thanks

Numonebuyer

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My Morgan Silver Dollar Web Page

Benefits to PCGS Set Registry

Best Wine Book

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lava
Expert Collector

Posts: 2604
Joined: May 2002

Friday August 15, 2003 10:54 PM

I agree with the comments posted, and will add a few. Relist them with no reserve and chalk it up to experience? In case you are missing it, the experience is there is too much bs going on in raw coins to warrant parting with even one George Washington. Plus, you do yourself a disservice -- you value ANACS enough to get their opinion, but you either don't value their opinion (or worse, your coin) so much that you would part with the COLD CASH to get the formal opinion in a slab for everyone to benefit from. You get what you pay for. You paid nothing a third-party grader opinion, so don't expect anyone else to pay for the "informal" opinion. In the future, buy slabbed, you might pay a little more, but you will have a much easier time selling.

In my book, I would not consider your coins no mater what I thought, because rule number one is "don't buy raw." I may sound pessimistic, but live and learn, and I've been living and I've been learning, and avoiding raw coins is one of the common denominators.

As bad as you may feel when your raw coins go too cheap, the feeling will long be forgotten when you start selling slabbed coins.

Well, I'm sure there are a few readers thinking buying raw is a great buying opportunity, but I respectfully disagree. When you add up the rare home run, and take away all of the strike outs and foul balls and hit batters, you will be lucky to break even, and worse, if you have any ethics and you do want to break even, you will feel worse when you try and break even on some other sucker. Soooooo, do us all a favor and go straight -- straight to a respected third party grader.

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RNCHSN
Expert Collector

Posts: 4081
Joined: Jun 2001

Sunday August 17, 2003 6:32 AM

I generally buy coins that I intend to resell in certified NGC, PCGS, or ANACS because they are easier to sell than raw coins. People don't have to know who I am to believe the grade will be at least close to stated.

I'm NOT afraid to buy raw coins, but only in person or from someone whose opinion I respect, not often over the internet and almost excluisively not on eBay! I see too many cons in the eBay raw coin auctions. That's not to say that all raw coin sellers, but I've been burned a couple of times on inexpensive pieces.

-------------------------
Ron

___________________________
click to email me

ronsrarecoin.com

ebay auctions for ronsrarecoin-com

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