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Auction woes and selling for a total loss.

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  • MFeldMFeld Posts: 14,339 ✭✭✭✭✭

    @291fifth said:

    @jmlanzaf said:

    @291fifth said:

    @jmlanzaf said:

    @291fifth said:

    @jmlanzaf said:

    @Zoins said:

    @291fifth said:
    Beware of thin markets.

    Agree. This is why patterns are always BINs and never 99 cent auctions on eBay.

    I wouldn't put widgets on eBay as 99 cent auctions either. Widgets have the opposite problem: supply greater than demand. If you list an MS-63 1881-S Morgan as a 99 cents auction on eBay, expect it to sell for $15 unless you have a huge eBay following.

    $15 is probably what it should be selling for. Common. common. common.

    Please sell me all your PCGS 63 Morgans - I'll even go to $18 each.

    Yes, they are common. But legitimate wholesale price is well over $15 each.

    The collecting public may be mesmerized by them but I am not. To me they are just common hunks of silver. I have none and want none.

    That's pretty arrogant. You think the market price should be based on your preference?

    I happen to think that many, many collectibles, not just coins are stupidly overpriced in today's market. Is it arrogance or is it just being smart? Perhaps I will be proven wrong when all of those new, young, wealthy collectors run up the market. They are out there, aren't they?

    You might be right, but that’s an entirely different matter what you posted previously with respect to 99 cent auctions and MS 63 Morgan Dollars.

    “ Agree. This is why patterns are always BINs and never 99 cent auctions on eBay.
    I wouldn't put widgets on eBay as 99 cent auctions either. Widgets have the opposite problem: supply greater than demand. If you list an MS-63 1881-S Morgan as a 99 cents auction on eBay, expect it to sell for $15 unless you have a huge eBay following.”

    Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.

  • ZoinsZoins Posts: 34,400 ✭✭✭✭✭

    @MasonG said:
    For any coin you can think of, there's somebody who thinks it's overpriced. Is it arrogance or is it just being smart?

    Even circulation coins at face value can be overpriced for precious metals people!

  • SwampboySwampboy Posts: 13,087 ✭✭✭✭✭

    @Aspie_Rocco said:
    Well it is exciting to see the thread so active. At least the purpose of entertainment and information awareness was served. Hopefully others can avoid the same mistakes I made, or laugh in irony with me.

    Best wishes and happy collecting folks.
    Rocco

    Right on Rocco!

    "Inspiration exists, but it has to find you working" Pablo Picasso

  • toyz4geotoyz4geo Posts: 1,484 ✭✭✭✭✭

    Sorry things went south for you on the auction. I've always been a bit shy of posting a $.99 auction. I do endeavor to learn from others experiences. Thank you for sharing your experience. Sorry the responses to a simple share went in so many directions for you. I guess a lot of people had a need to vent.

  • Dave99BDave99B Posts: 8,645 ✭✭✭✭✭

    Widgets on eBay do just fine at .99 cents w/no reserve. Everything else can be a total crap shoot.

    Dave

    Always looking for original, better date VF20-VF35 Barber quarters and halves, and a quality beer.

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