I feel like I miss out.....
Peaceman
Posts: 5,098
Not hyping my coins on ebay.... I like to think I know how to grade Peace $... so I tend to indicate the gade in the auction. This seems to hurt the auction more than help it. I see countless coins advertised as MS-66, which are clearly not, reach $ 17, $18, $22 a coin... I cant sell a true MS-63 for over $13 to save my life..... Guess I'll try to use the words "mint state" or "high grade" in my auctions and see how it does.... 
Anyone else have a problem stating "true" grades in their auctions only to have nobody bid on it? I tend to undergraded too....
Anyone else have a problem stating "true" grades in their auctions only to have nobody bid on it? I tend to undergraded too.... 0
Comments
Connor Numismatics Website
The problem is that there is so much hype and dishonesty when it comes to selling
raw coins that most are discounted from whatever the seller claims. Unless someone
has a track record buying from you, your coins will be discounted as well.
Your best bet might be to include really good photos, some sort of bold statement
explaining that you grade honestly and conservatively and refuse to resort to questionable
tactics, and back it up with a strong guarantee of customer satisfaction (refunding shipping
both ways if they return a coin, for example).
Ken
Matter of fact, thanx for reminding me. It's about time to snap off a few pix, crop them and list some.
<< <i>Anyone else have a problem stating "true" grades in their auctions only to have nobody bid on it? >>
The opposite happens with PCGS stuff. You can call the turd a turd and people still bid it up. It's a weird market. Sell a great raw coin and get diddly. Sell a dog in a PCGS holder and it brings the bucks.
Russ, NCNE
<< <i>...Your best bet might be to include really good photos, some sort of bold statement
explaining that you grade honestly and conservatively and refuse to resort to questionable
tactics, and back it up with a strong guarantee of customer satisfaction (refunding shipping
both ways if they return a coin, for example).
Ken >>
Couldn't agree more;
"100% Satisfaction Guaranteed... Grading based on my xx years experience collecting Peace Dollars.
Full refund if returned in original holder within xx days of receiving coin. Please email me if there are
any questions..."
Ron
<< <i>The opposite happens with PCGS stuff. You can call the turd a turd and people still bid it up. It's a weird market. Sell a great raw coin and get diddly. Sell a dog in a PCGS holder and it brings the bucks. >>
Russ has certainly earned my respect. He's no fool when it comes to Numismatics. I'm not one to dole out compliments but he's not afraid to call it as he sees it either and I respect that.
To a large degree his quote is true however I personally know that people chasing numbers and labels will sell a great looking coin with a lower # on the label for a turd, a butt ugly turd, simply for the higher number. That is just pure D Dumb.
If a coin looks excellent to me and has a lower # I'm going to keep it and PASS on the higher graded turd. I have had coins in PCGS holders that were drop dead gorgeous inexplicably grade as low as 64 or 65. In side by side scrutiny against the very same coins they were measured against BEFORE being sent in AGAIN AFTER being graded, they were clearly as good as and in some cases even superior to the so called higher graded coins.
As long as they were in Plastic with a lower # people either PASSED on them or bid ridiculously low. Instead of having coins literally stolen from me because of this phenomenon I've cracked these very coins out and sold them for more money RAW than what I would have sold them for in a 4 or 5 holder. Go figure!
The customers buy them up and rave about them. Some have submitted them and obtained the # they should have had to begin with. This is not at all amusing and indeed, something to take into SERIOUS consideration particularly when buying up Mega Grades for Mega Bucks. JMHO and totally OT.