OK, New name for thread, To Ebay or not to Ebay Registry quality coins. Opinions welcome!!!

BrinkersMercs

Any Reasoning behind this? I was willing to go $150.00 which is above and beyond pcgs price because it was a white coin, but $55.00 over pcgs price seems like a premium??? Let me know on your feelings on this.

40-S MERC

Thanks,

Jared

marcmoish

being it is in an older holder - I can only think the winner gambled that it would upgrade by one. Not seeing the coin that is a wild guess if there was one - this dime does look really nice - the seller seems to be top notch.

There are many that do this all day long - fine if you have the stomach and the money to throw around


Marc

Fairlaneman

It looks like buyers lately have been looking at a combination of things. Green holders and the price difference between the actual coin grade and the next step up come to mind.

Of course some of the buyers just have no clue, like the guy that paid 150 plus for a 36S MS66 no band coin that had no outstanding features that I saw. Its their money to spend but it sure makes it hard sometimes to get a coin you want.

Ken

mercurydimeguy

Upgrade hunters -- this happens on Teletrade and Heritage all the time also.

Here's what I HAVE noticed though, some of the "apparent" common dated Merc's in 66FB and 67FB are perhaps not so common and prices aren't so cheap?? I saw a 1943-S 67FB OK coin sell by Heritage on eBay for $340 (or so). This coin was in a Heritage auction, and didn't sell at their high reserve (at that time $320) ... then put on eBay with a $325 reserve and sold! I think the days of buying nice Merc's at Ask (let alone Bid) are quickly coming to an end. More than 30% of the Mercs I've been tracking have been selling even higher than PCGS prices

It seems as though the PCGS guy/gals are a dying breed -- willing to help each other fill some holes at reasonable prices

BrinkersMercs

Its seems as if its a very mixed market right now. I watched a 25-p in 64FB go off at $230 something, and yet theres one on ebay right now at buy it now of $195. I have purchased three coins off ebay in the last 2 weeks and every single one i've bid on the same date and lost it. Now i come in and get it for 10-20% less of what i bid on the first one i bid on? Did i mention all three coins were bought from the same person that sold this one? It looks to me as if people are getting income tax returns (or just plain money from trees or something) and are trying to fill their holes in their collection no matter what it takes. I don't see any other reason why a coin one day will bring $102.50 and two days later i can buy a bright white one off ebay for under $85.00. There are people too though that are doing what you're talking about and trying to get coins upgraded. I understand some coins deserve to be put into a higher grade slab, but for every two that get that, one of them probably doesn't deserve it in the first place.

If i were trying to get top pop mercs right now i'd buy up all of the 42-s 67FB mercs i could find and send them all in for an upgrade. More than likely they'll take a look at all of them and find one out of them thats deserving of the next grade up and you'd have a pop 1/0 merc! Besides that should downgrade some of the coins and the payback on them should more then pay for the regrades.

Fairlaneman

Hmmm....a 25P on Ebay right now at a BIN for $195. Geez who's coin is that... Heck when you try to price them reasonably no one wants them. Start them at .01 and a bidding war erupts or they go for peanuts.

Ken

mercurydimeguy

I totally agree with you on the 42-S -- I've been trying to find a nice 67FB for a long time...that's resonably priced

I also agree with you on the other point -- I bought a 43-S 67FB for $270 after loosing several auctions at $310+/$320. I think it is a matter of timing and a matter of some coins simply not being noticed.

I also bought a 67FB 41-D for $92 and a 39-D for $110 after loosing out on both dimes several times at significantly higher prices.

Net -- net, this phenomenon just validates in mind the innefficiency of the time-based auction model. At the end of the day (in the aggregate) neither the buyer nor the seller wins.

BTW -- I'm working on my NBT (entreprenurial speak for next big thing) to address just this problem. In 12-18 months a paradigm will be shifted

mercurydimeguy

I tried the .99 start bit -- NEVER again. I think that only works when you have people bid it up for you (shills)...and by miracle somehow the coins show up at auction again within a few weeks by another seller

dimples

I just sold a p66 1900 morgan on ebay that I bought from a major dealer starting at a penny closed at $511

pcgs price guide $850 bid $640

I laugh when people say sell it on ebay. A dealer would have paid more.

Thank God it was the last piece of my dimple dollar registry set. On the dimples I made a killing. Sold them to other collectors direct.

BrinkersMercs

I would have to say that ebay is like every other auction out there, you never know where it is going to end up or how many people are actually going to look at it. In my opinion, you're better off selling to toher coin enthusiasts with registry quality coins. Other coins you may be better off selling on ebay, buy high quality coins will always be sought after with a premium stuck on them.

cdan12

Heres my latest experience,heritage 1953 D pcgs ms-66fbl franklin did not meet reserve ($950) sold on ebay for $1095, 1951 D pcgs ms-66fbl franklin. heritage did not meet reserve ($1250), sold after listing on ebay for $2000, I also had a 1950-D pcgs ms-66fbl ,that did not meet reserve ($3000 )that I sold to the buyer of the 1951D in a private transaction for $4500,Its the only way I will go in the future,by the way heritage sucks