PCGS MS65:

@NJCoin said:

@U1chicago said:

@DisneyFan said:

@NJCoin said:

@DisneyFan said:

@NJCoin said:

????? No one "gets around" anything. GC is not eBay. EBay is happy to charge a modest listing fee and let an item sit forever while a seller waits and hopes a sucker comes along.

GC, OTOH, does not get paid unless an item sells. It has no incentive to indulge unrealistic seller optimism.

Listing Fees: GreatCollections listing fees are based on the following schedule and are charged
the first time the coin is listed:
Minimum Bid $1-$99 $100-$999 $1,000 and up
Listing Fee - $3 - $5 - $10
Up to Five Listings for One Nominal Fee: For one listing fee, GreatCollections will automatically
relist any coin that doesn’t sell (at the same minimum bid absent your approval), up to a
maximum of four times without any additional listing fees. Additional listing fees are charged
after five listings (on the 6th, 11th, 16th etc. listing). If you do not want your coins relisted,
please let us know under “Special Instructions” on the reverse of this form.

Right. Just keep in mind that GC is not working for $3-10.

That's not where they make their money, and, apparently, they don't want their listings polluted with a bunch of overpriced crap that never sells. Sites like eBay are far less discriminating, and derive a much greater portion of their revenue from listing fees on items that don't sell.

Don't disagree. However, I've seen many coins with no bids reappear months after months. It's not so obvious because they are not included on the "All Ended Items" tab which historically lists items on my watchlist that ended.

I'll give you one example of a PCGS MS CAC coin currently listed for $2,700 that has 29 previous sales with 23 of those sales selling for less at GC. Some significantly less in 2024. The listed price is also higher than the PCGS and CAC price guides.

I’ve seen a handful of these listings too that keep repeating at what seem like above market opening bids. Some of them have sold (with one or even a few bids) after several relistings. My guess is that these coins come from people that consign a lot or spend a lot, so there is more leeway on the opening bid.

Probably. I'm not trying to say it is, or should be, an absolute rule.

It's just a right they reserve. When they choose to exercise it, there is no "workaround" by simply claiming an inflated value. That's all I was trying to say.

I do think they reject some of the attempted high valuations (and either convince the person to lower or send it back without auctioning). And some might slip by given how many coins are being sold at any one time.

I collect banknotes on a bank from my hometown. Recently came across an 1875 $5 upgrade. Researched, and found that I had missed out on it over the past few years. It had sold 3 times for around 3k. Rare to find, so bid and actually got it for 1600. Sent my current 1875 $5 which was several grades lower than my new one to GC. Paid 800 10 years ago for it. Started out at mid range and it returned 500 to me.

To me, the current market provided a great upgrade at a great price, while losing a few hundred. That is a trade I will always make. Thanks GC.

@NJCoin said:

@DisneyFan said:

@NJCoin said:

????? No one "gets around" anything. GC is not eBay. EBay is happy to charge a modest listing fee and let an item sit forever while a seller waits and hopes a sucker comes along.

GC, OTOH, does not get paid unless an item sells. It has no incentive to indulge unrealistic seller optimism.

Listing Fees: GreatCollections listing fees are based on the following schedule and are charged
the first time the coin is listed:
Minimum Bid $1-$99 $100-$999 $1,000 and up
Listing Fee - $3 - $5 - $10
Up to Five Listings for One Nominal Fee: For one listing fee, GreatCollections will automatically
relist any coin that doesn’t sell (at the same minimum bid absent your approval), up to a
maximum of four times without any additional listing fees. Additional listing fees are charged
after five listings (on the 6th, 11th, 16th etc. listing). If you do not want your coins relisted,
please let us know under “Special Instructions” on the reverse of this form.

Right. Just keep in mind that GC is not working for $3-10.

That's not where they make their money, and, apparently, they don't want their listings polluted with a bunch of overpriced crap that never sells. Sites like eBay are far less discriminating, and derive a much greater portion of their revenue from listing fees on items that don't sell.

Ebay gets very little revenue from listing fees. Everyone gets limited free listings. I haven't paid a listing fee in probably 15 years. Everyone, with some category exceptions, gets at least 250 free listings per month. I actually get 10,000