Question to those selling coins here...

DAM

I'm curious, why don't you list a price?

There are coins listed I'm sometimes interested in. But they don't have prices? I feel like it's an auction. There has to be a price you'd like to have for the coin.

It's frustrating to see a coin for sale with "PM me with and offer" attahced to it. I feel like I'm walking into a car dealership. I hate car dealerships!

wondercoin

"I'm curious, why don't you list a price?"

DAM: Two reasons: For me personally (and I can not speak for others), I often chose to not list a price to avoid the "ignorant" from commenting on series of coins they have no idea what they are talking about. Tell me you have never seen that occur around here This is particularly the case when you are dealing with low pop early Lincolns, early Jeffersons, silver Wash quarters and many modern coins. So, again, to me, it purely centers around avoiding mean-spirited postings on this board. Second, in the case of super low pop coins, the buyers sometimes prefer their purchase price to be kept confidential - of course, the buyer of any of the coins listed can always discuss the price they paid for the coin, at their perogative. You wanted an honest answer - you got it. Wondercoin.

goose3

My own personal "take" on this matter is the same here or at a show. If someone can't put a pricetag on something I will generally not even bother looking or asking no matter how interested I am.


I will add though that I can understand WC's reasoning on some of his items. I have seen many a flame for some prices posted.

LincolnCentMan

I agree with wondercoin on this issue.

When it's something that I'm looking to greysheet, or cut a good deal on, I post prices. However, if it's something where price guides are meaningless, I'd put a POR on it. So many people are glued to price guides. The problem is, when you get into finest/near finest know coins, particularly those with low pops... they command a signifcant premium over price guides.

If I had a 35-S cent in PCGS 67RD and asked $8000 for it, how many people do you think would mock that price? Yet, the only sell of one that I know of was well over a year ago, and sold for just over that price. Seeing how there have been none certified at that level since then, it may be that if one were to come on the market now, it would well exceed that price.

David

Typetone

I kind of agree with Mitch on low pop high price stuff. Serious buyers already know the price range, so why create fodder for the ignorant who just want to flame something. It's not good for the series. That's what I did when I sold my IKEs. Basically, I already knew the serious buyers and sent them personal emails. On this thread I just put up what was available and let anyone PM me for a price. Even a few people who PMed, flamed me by return PM, but at least they didn't post them publically.

Even Mitch it seems can't resist the fun sometime. When we recently had an exchange on a 74D IKE in PCGS MS67, Mitch was shocked at my price estimate, even though it was a firm bid by me. Since then no one, including Mitch, has offered to sell me one on my bid, so I don't think it was that high. At the same time I was working on a deal to sell a similar MS67 C/N IKE to a sophisticated collector at a fair price. Putting up the price would potentially have generated the flaming we are talking about.

I see Wingrule is offering his proof Franklin set. It would be silly for him to post specific prices. Probably it would generate howls from those who don't appreciate the rarity of the coins he has. Those who howl probably aren't buyers anyway. And I absolutely guaranty they don't have any to sell at the prices they say they are really worth.

On lower priced coins, say under a few hundred dollars, I believe it is better to post prices. That's what I do. It probably makes it more likely your coins will sell.

Greg

Cocoinut

By not listing a price, a dealer automatically limits his market. Why? Because, even if I see a coin that I'm genuinely interested in, and there's no price, like DAM and Goose3, I won't bother with it. Perhaps I'm "ignorant" when it comes to prices for infrequently traded coins, but that doesn't mean that I'm not interested, or able to afford them. I just don't want to look like a fool by offering too little, or get ripped off by paying too much. Just wondering: if someone offers these sellers a price far above what they expect, do they counter with a more reasonable price? I think I know the answer to that one. It's the same as when you try to sell a coin to a dealer, and are asked, "How much do you want for it?" If you quote a fair price, you're often turned down, because the dealer is looking for suckers that don't know what their coins are worth. Sure, they can say they're honest, because they pay the customer what they asked, but are they ethical? Definitely not!

I'm not saying saying this applies to anyone or everyone who doesn't list their prices on these boards, but why not list the prices and educate the "ignorant", even if it results in a few negative comments? If they see some real sales occurring, that should shut them up.

Jim

wondercoin

Jim: With respect to the coins I offer on these boards, all it takes is a PM to GET MY PRICE. You don't need to bid against yourself or offer too much money or any of the other things you mentioned or are concerned about - just PM me for the price. I can not speak for how others sell coins around here. If a serious collector is too lazy to PM me for a price, I'm just as happy not to sell the coin to that collector either. For coins I am looking for on my "Wanted" list, I would just about "streak through Manhattan" to get first shot at them and a firm price quote from the seller Wondercoin.

DAM

Thanks for the replies. I understand what was said. Also, I can appreciate the Modern/low pop price issue. Prices for these coins are often misunderstood, especially if you're not familiar with a series and it's prices. So why start a flame thread. There seems to be enough of them going around.

I'm talking "specifically" about what Wingsrule link and segoja link are doing (not trying to pick on them personally). Some of your replies mentioned PMing for a price. These two postings ask for offers. If you could PM for a price, that's different. But that's not what is being said. Am I not fully understanding the procedure?

One more thing, I'm not trying to change anything. If it's not broke, don't fix it. I'm just saying to those who offer coins for sale, I might be a buyer if there's a price tag. But not if I have to come up with one.