@Herb_T said:
How does pricing go? Do most sellers follow PCGS? Greysheet? Other? Is there a percentage that most take off? Looking for some guidance.
Depends on what it is. Guides are just that. A better question is how much they mark it up over their purchase price. Of course, you aren't going to know what they paid.
If you want a premium item, you will have to pay a premium price. Consider that dealers are buying in HA and GC and Stacks auctions, then marking it up and taking it to the show.
You want a widget or a proof/mint set, buy a greysheet. You want a PQ toner, spend 30 minutes doing research and figure you may have to pay 20% higher than the prices you researched.
I find local coin shows where theres like 20 +/- dealers. Supporting your local dealers,getting to know them and them you wiil be the best place to start. Building relationships will definitely be a plus in future shows. Find some dealers that click with your interest. Dont be afraid to ask a price other that listed. But dont be so aggressive that is going to give the dealer an attitude.
Once the relationship is established and the more you support those dealers they will be one of your biggest asset in the hobby.
I’m happy to see the place I have recently been buying most of my items not listed here, it’s nice semi secret treasure trove. For me 98% of purchases are online. The other 2% are from the occasional coin show I make it to.
It really depends on if you’re looking for known and graded examples or if your hunting for raw unknown specimens. While I prefer the latter all of the aforementioned comments will suit you well. Because, If you have plenty of money to spend and simply enjoy the ownership those will work very well for you and are plentiful.
However, if you’re not too concerned about accumulation, value more the thrill of the hunt, and are willing the wait. Then I completely disavow the aforementioned comments.
Because, and for me, the pleasure you will find in locating a $500 coin greatly exceeds the pleasure in purchasing a $5000 coin.
For this, there are but a few key factors to keep in mind. First and for most
and for peace of mind is knowing that there are literally billions in the realm of condition rarity yet to be had so, therefore your hunt is far and wide and with no limitations to where, when or how.
Secondly, the semi rare that would include attributions such as full head, full steps, bells, and such. While these are considered to be extremely rare because of mint production issues, I would never rule these out. But don’t expect to find a raw example on eBay tonight.
Then of course thirdly which is the meat and bones of the operation. While you could search literally day and night for years and still come up empty. You will never know how many you might have passed over by simply not looking! Keep an open and “focused on the search” mind at all times. As the gems will turn up in the most unlikeliest of places. You might find one in an old coke machine, a stash in the back of an old clock, or in the seat cushion of a 57 Chevy (careful of rattlesnakes) Remember billions were made and millions were misplaced.
Look where everyone else isn’t looking.
@coinandcurrency242 said:
Great Collections! You get your coins very fast compared to other places from my experience.
Do you get higher auction prices compared to Heritage or David Lawrence EBay?
From what I have seen, not really much different. I’ve been specifically watching 20$ gold coins, though. I will say that Heritages photographs are superior and could make a difference as far as garnering more interest, but as far as prices I haven’t observed a noticeable difference between the auction sites. The buyers premium is lower at GC but the buyer of the coin factors that into his final costs anyways.
[The buyers premium is a lot lower than heritage. I think David Lawrence on ebay is high retail and over priced.
And you don't think that all educated bidders have taken that into account when bidding?]
It sure don't seem like it - After looking at the winning bids that have 20% BP added - I compare to eBay sales and the Heritage winners are paying too much - just my opinion and observation.
But then again - you stated "EDUCATED" - there in lies the problem
"When they can't find anything wrong with you, they create it!"
[The buyers premium is a lot lower than heritage. I think David Lawrence on ebay is high retail and over priced.
And you don't think that all educated bidders have taken that into account when bidding?]
It sure don't seem like it - After looking at the winning bids that have 20% BP added - I compare to eBay sales and the Heritage winners are paying too much - just my opinion and observation.
But then again - you stated "EDUCATED" - there in lies the problem
Heritage and Stacks will get more than eBay just due to visibility in most cases. But not all. I routinely buy coins on Heritage and then list them on eBay.
I'm sure there are a few people who ignore the BP, but I doubt it's that many. After all, Heritage shows you the total price with BP before you even place the bid.
[The buyers premium is a lot lower than heritage. I think David Lawrence on ebay is high retail and over priced.
And you don't think that all educated bidders have taken that into account when bidding?]
It sure don't seem like it - After looking at the winning bids that have 20% BP added - I compare to eBay sales and the Heritage winners are paying too much - just my opinion and observation.
But then again - you stated "EDUCATED" - there in lies the problem
From my own personal experience, It’s a lot harder to find a quality coin on eBay, especially with coins that cost several thousand dollars. I’m not saying they’re not there, but a large proportion of eBay coins have terrible photos and the seller does that for a reason. With heritage the photos are second to none, and if there’s still doubts you can contact an expert who can provide a fair assessment of the coin.
I just disagree that heritage buyers pay “too much”. The market sets itself, and people pay whatever they are comfortable with. Is it harder to get a deal on heritage? Absolutely. But no one just bids the coin for the hammer price and then chalks up the 20% as a loss, it’s factored into their head what they are going to pay before they bid.
[ Heritage and Stacks will get more than eBay just due to visibility in most cases. ]
Well that's kinda stupid - why is that? Prestige?
By “visibility”, I would think that he means the amount of people that are going to see the listing.
Correct. That is what I meant.
Heritage has curated auctions and a deep customer base as well as scheduled times for the auctions. Very little slips by the viewers. On ebay, there are millions of lots in random order ending at random times.
There's also much more trust. Would you bid $100,000 on a coin from an unknown seller on ebay?
It is sometimes well worth the 20% BP as a seller when you get more net $s for your coins. Not every coin is good in every venue. Or, if you prefer, not every venue is good for every coin.
[From my own personal experience, It’s a lot harder to find a quality coin on eBay,
I just disagree that heritage buyers pay “too much”. ]
Yes it may be harder but why not wait ?? And I'm comparing straight up PCGS graded coins, not raw to graded - You can disagree - but look for yourself and compare.
"When they can't find anything wrong with you, they create it!"
[ Correct. That is what I meant.
There's also much more trust. Would you bid $100,000 on a coin from an unknown seller on ebay?]
Would you? And if so you are way out of my league for even conversing with. My God man, You probably would chastise me for completing a circulated Dansco Walker album when I had no income and relied on collecting aluminum cans to finish it - now that's what I call numismatics.........
"When they can't find anything wrong with you, they create it!"
So that’s pretty impressive JMlamzaf buys coins from Heritage which he states has a deeper coin collector base then sales them on the Bay. Which seems unlikely to a inexperienced buyer like myself.
But then Deplorable Dan validated that by stating it’s hard to find the good coins on the Bay.
Sounds like JM has a nice lil niche
I wonder if this also applies to toners I understand they routinely get nuked.
And I don’t suppose this same business model would work well on GC well unless that’s where you were selling them. Seems like every coin gets nuked over there.
[From my own personal experience, It’s a lot harder to find a quality coin on eBay,
I just disagree that heritage buyers pay “too much”. ]
Yes it may be harder but why not wait ?? And I'm comparing straight up PCGS graded coins, not raw to graded - You can disagree - but look for yourself and compare.
I was only referring to your statement that heritage buyers pay “too much”. Buyers on heritage have a large selection of quality coins and know that the pictures accurately portrait the coin. They can have some peace of mind that the coin they’re buying, is in fact the same coin they think that they’re buying. They don’t have to worry that the lighting of the picture hid contact marks or spots that they didn’t see.
eBay is more like a scavenger hunt, yes of course if you wait long enough you might have an opportunity to get a great example of a coin you want on eBay. However when there is a quality coin with quality pictures it will probably sell for close to the same price as the heritage coin, perhaps a little bit less.
I don’t intend to make this an essay about how great heritage is, but at the end of the day it’s a service. They provide a buying experience that is straightforward and reliable. Collectors are willing to pay a little extra for that. If theres a 1912 ms64 saint that I absolutely love on heritage, and the same coin and grade on eBay that appears to be nice but the pictures have questionable lighting, I’d rather buy the heritage coin, even if it means spending a few hundred more. It’s just capitalism.
As I’ve said this is my own personal experience. I’ve been shopping double eagles for a type set. My experience was may differ from someone collecting a different series, or raw coins. To each his own.
@rangerpk said:
Almost anywhere but ebay = top dollar retail. A lot of people here sell on ebay so they will disagree with me.
I love eBay. I have never sold anything but with some research and patience, I do fine.
I believe,as others do, that there’s a deal to be had and they have very good customer service and back up. For buyers,it’s caveat emptor not whine alot empty
[ Correct. That is what I meant.
There's also much more trust. Would you bid $100,000 on a coin from an unknown seller on ebay?]
Would you? And if so you are way out of my league for even conversing with. My God man, You probably would chastise me for completing a circulated Dansco Walker album when I had no income and relied on collecting aluminum cans to finish it - now that's what I call numismatics.........
I would not. But that misses my point. The risk restrains bidding on ebay.
I'm also not chastising anyone. I'm explaining why there is a price difference that has nothing to do with the BP
For big ticket coins (for the most part) over $300 I need to see them sight seen at a show in making an acquisition.
I have bought from eBay and GC (super photos). In reducing slab inventory 60 pct since 2020 but not total investment it has become easier and less worrisome. I have a budget number of slabs if that drops I look around for something to buy.
Getting my better currency graded (PCGS) has been my priority. It is so much easier to store.
Comments
Nothing beats a good coin show, love the ones in Houston. People are ready to deal and so much variety. Online I choose greatcollections.com
Ounce by ounce the stack grows .
How does pricing go? Do most sellers follow PCGS? Greysheet? Other? Is there a percentage that most take off? Looking for some guidance.
Depends on what it is. Guides are just that. A better question is how much they mark it up over their purchase price. Of course, you aren't going to know what they paid.
If you want a premium item, you will have to pay a premium price. Consider that dealers are buying in HA and GC and Stacks auctions, then marking it up and taking it to the show.
You want a widget or a proof/mint set, buy a greysheet. You want a PQ toner, spend 30 minutes doing research and figure you may have to pay 20% higher than the prices you researched.
I guess I'll comment. I scour everywhere, shows, auctions, ebay,...where ever. I spend more money on eBay than I do anywhere else!
I find local coin shows where theres like 20 +/- dealers. Supporting your local dealers,getting to know them and them you wiil be the best place to start. Building relationships will definitely be a plus in future shows. Find some dealers that click with your interest. Dont be afraid to ask a price other that listed. But dont be so aggressive that is going to give the dealer an attitude.
Once the relationship is established and the more you support those dealers they will be one of your biggest asset in the hobby.
"That's why I wander and follow La Vie Dansante"
I’m happy to see the place I have recently been buying most of my items not listed here, it’s nice semi secret treasure trove. For me 98% of purchases are online. The other 2% are from the occasional coin show I make it to.
They come to me, like antiques. It's about overwhelming.
It really depends on if you’re looking for known and graded examples or if your hunting for raw unknown specimens. While I prefer the latter all of the aforementioned comments will suit you well. Because, If you have plenty of money to spend and simply enjoy the ownership those will work very well for you and are plentiful.
However, if you’re not too concerned about accumulation, value more the thrill of the hunt, and are willing the wait. Then I completely disavow the aforementioned comments.
Because, and for me, the pleasure you will find in locating a $500 coin greatly exceeds the pleasure in purchasing a $5000 coin.
For this, there are but a few key factors to keep in mind. First and for most
and for peace of mind is knowing that there are literally billions in the realm of condition rarity yet to be had so, therefore your hunt is far and wide and with no limitations to where, when or how.
Secondly, the semi rare that would include attributions such as full head, full steps, bells, and such. While these are considered to be extremely rare because of mint production issues, I would never rule these out. But don’t expect to find a raw example on eBay tonight.
Then of course thirdly which is the meat and bones of the operation. While you could search literally day and night for years and still come up empty. You will never know how many you might have passed over by simply not looking! Keep an open and “focused on the search” mind at all times. As the gems will turn up in the most unlikeliest of places. You might find one in an old coke machine, a stash in the back of an old clock, or in the seat cushion of a 57 Chevy (careful of rattlesnakes) Remember billions were made and millions were misplaced.
Look where everyone else isn’t looking.
Anywhere I can cherrypick die varieties and undergraded coins unimpeded. It's hard to do these days.
Yes, there our friend
Coin shows especially in the Fall when weather is nice.
It is pleasant to visit a coin shop once in a while but many have limited inventory.
Do you get higher auction prices compared to Heritage or David Lawrence EBay?
The buyers premium is a lot lower than heritage. I think David Lawrence on ebay is high retail and over priced.
Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP
From what I have seen, not really much different. I’ve been specifically watching 20$ gold coins, though. I will say that Heritages photographs are superior and could make a difference as far as garnering more interest, but as far as prices I haven’t observed a noticeable difference between the auction sites. The buyers premium is lower at GC but the buyer of the coin factors that into his final costs anyways.
Founder- Peak Rarities
Website
Instagram
Facebook
And you don't think that all educated bidders have taken that into account when bidding?
From whoever has the coin I want. As long as I feel like I can trust them.
Unless one believes in a King of Simps….
There really is no best place to buy coins. It’s all in the deal regardless of venue.
It sure don't seem like it - After looking at the winning bids that have 20% BP added - I compare to eBay sales and the Heritage winners are paying too much - just my opinion and observation.
But then again - you stated "EDUCATED" - there in lies the problem
"When they can't find anything wrong with you, they create it!"
Heritage and Stacks will get more than eBay just due to visibility in most cases. But not all. I routinely buy coins on Heritage and then list them on eBay.
I'm sure there are a few people who ignore the BP, but I doubt it's that many. After all, Heritage shows you the total price with BP before you even place the bid.
Well that's kinda stupid - why is that? Prestige?
"When they can't find anything wrong with you, they create it!"
From my own personal experience, It’s a lot harder to find a quality coin on eBay, especially with coins that cost several thousand dollars. I’m not saying they’re not there, but a large proportion of eBay coins have terrible photos and the seller does that for a reason. With heritage the photos are second to none, and if there’s still doubts you can contact an expert who can provide a fair assessment of the coin.
I just disagree that heritage buyers pay “too much”. The market sets itself, and people pay whatever they are comfortable with. Is it harder to get a deal on heritage? Absolutely. But no one just bids the coin for the hammer price and then chalks up the 20% as a loss, it’s factored into their head what they are going to pay before they bid.
Founder- Peak Rarities
Website
Instagram
Facebook
By “visibility”, I would think that he means the amount of people that are going to see the listing.
Founder- Peak Rarities
Website
Instagram
Facebook
Correct. That is what I meant.
Heritage has curated auctions and a deep customer base as well as scheduled times for the auctions. Very little slips by the viewers. On ebay, there are millions of lots in random order ending at random times.
There's also much more trust. Would you bid $100,000 on a coin from an unknown seller on ebay?
It is sometimes well worth the 20% BP as a seller when you get more net $s for your coins. Not every coin is good in every venue. Or, if you prefer, not every venue is good for every coin.
Yes it may be harder but why not wait ?? And I'm comparing straight up PCGS graded coins, not raw to graded - You can disagree - but look for yourself and compare.
"When they can't find anything wrong with you, they create it!"
Would you? And if so you are way out of my league for even conversing with. My God man, You probably would chastise me for completing a circulated Dansco Walker album when I had no income and relied on collecting aluminum cans to finish it - now that's what I call numismatics.........
"When they can't find anything wrong with you, they create it!"
So that’s pretty impressive JMlamzaf buys coins from Heritage which he states has a deeper coin collector base then sales them on the Bay. Which seems unlikely to a inexperienced buyer like myself.
But then Deplorable Dan validated that by stating it’s hard to find the good coins on the Bay.
Sounds like JM has a nice lil niche
I wonder if this also applies to toners I understand they routinely get nuked.
And I don’t suppose this same business model would work well on GC well unless that’s where you were selling them. Seems like every coin gets nuked over there.
I was only referring to your statement that heritage buyers pay “too much”. Buyers on heritage have a large selection of quality coins and know that the pictures accurately portrait the coin. They can have some peace of mind that the coin they’re buying, is in fact the same coin they think that they’re buying. They don’t have to worry that the lighting of the picture hid contact marks or spots that they didn’t see.
eBay is more like a scavenger hunt, yes of course if you wait long enough you might have an opportunity to get a great example of a coin you want on eBay. However when there is a quality coin with quality pictures it will probably sell for close to the same price as the heritage coin, perhaps a little bit less.
I don’t intend to make this an essay about how great heritage is, but at the end of the day it’s a service. They provide a buying experience that is straightforward and reliable. Collectors are willing to pay a little extra for that. If theres a 1912 ms64 saint that I absolutely love on heritage, and the same coin and grade on eBay that appears to be nice but the pictures have questionable lighting, I’d rather buy the heritage coin, even if it means spending a few hundred more. It’s just capitalism.
As I’ve said this is my own personal experience. I’ve been shopping double eagles for a type set. My experience was may differ from someone collecting a different series, or raw coins. To each his own.
Founder- Peak Rarities
Website
Instagram
Facebook
(They can have some "peace" of mind)
EXACTLY........Even Ringo thinks so....
"When they can't find anything wrong with you, they create it!"
Almost anywhere but ebay = top dollar retail. A lot of people here sell on ebay so they will disagree with me.
jmlanzaf says:
"I routinely buy coins on Heritage and then list them on eBay"
And this is why I don't buy on ebay.
I love eBay. I have never sold anything but with some research and patience, I do fine.
I believe,as others do, that there’s a deal to be had and they have very good customer service and back up. For buyers,it’s caveat emptor not whine alot empty
🎶 shout shout, let it all out 🎶
I would not. But that misses my point. The risk restrains bidding on ebay.
I'm also not chastising anyone. I'm explaining why there is a price difference that has nothing to do with the BP
For big ticket coins (for the most part) over $300 I need to see them sight seen at a show in making an acquisition.
I have bought from eBay and GC (super photos). In reducing slab inventory 60 pct since 2020 but not total investment it has become easier and less worrisome. I have a budget number of slabs if that drops I look around for something to buy.
Getting my better currency graded (PCGS) has been my priority. It is so much easier to store.
Coon shos
What the heck is a "coon shos". Are we hunting for coins or wildlife?
Member ANA, SPMC, SCNA, FUN, CONECA
Easy and they sell stickers too
Dollar tree is now selling 3-5oz ribeye steaks? 😳 Just when I think I’ve seen it all…..
Founder- Peak Rarities
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Littleton for mail order and Southern Coins for online?
peacockcoins
MA shop whenever possible....No hassle.
Has anyone said widows? Especially the widows or accountants or engineers. Sometimes the kids if they don’t know what they have
11.5$ Southern Dollars, The little “Big Easy” set