Random thoughts on selling coins, E-bay, and other items.
MrBreeze
Posts: 1,036 ✭✭✭
I was going to use this reply to another thread, but it morphed into something different, so I started my own thread.
Concerning selling...
If (big if) you have the time, you will always do better shopping several sources for offers. I think the best thing I have done is be honest at the beginning. Often, I will begin any deal with the statement that I want Greysheet bid as a minimum. Sometimes I get, "I can't do that." Which is fine. Neither party has invested that much time in the transaction, and we both move on. But, you have to be realistic about what you have. Your personal feeling about the coin has no bearing on a dealer's offers. I do, however, have different levels for different dealers. If a dealer sells his/her coins consistently above market value, I would make them pay more than other dealers to get anything I have. If I have purchased reasonably priced (and graded) coins from a dealer, I will always give them much more leeway on their offers. I would also add that, we both need each other for the coin market to survive. A lot of people say, just use E-bay, we don't need dealers. Good luck with that. When everybody becomes a dealer, and no one wants to pay market value for coins, because they can't flip them for a million percent profit, the market will sink. Furthermore, E-bay will not put an end to the brick & mortar store. If E-bay is the last venue left for coin collectors to purchase the coins they want, I, along with many others, will no longer be an active participant in the coin market. I suppose the same individuals would say that Amazon will put an end to Wal-mart. People have forgotten the tactile nature of this hobby. There is nothing better than going to a coin store, IMO. As a person who is not in the coin world for rips, steals and somebody always being on the wrong end of one transaction or another, I can say I will spend more money at a brick and mortar than I ever will on E-bay. How many people have purchased silver proof sets that have the clad coins inserted? How many people have purchased counterfeit coins without any knowledge as to what they are doing? Plenty of you guys have been ripped, yourselves. The threads are here nearly once a day. The scams and cons are endless. Are those people going to support the hobby for years and years, I doubt it.
Concerning selling...
If (big if) you have the time, you will always do better shopping several sources for offers. I think the best thing I have done is be honest at the beginning. Often, I will begin any deal with the statement that I want Greysheet bid as a minimum. Sometimes I get, "I can't do that." Which is fine. Neither party has invested that much time in the transaction, and we both move on. But, you have to be realistic about what you have. Your personal feeling about the coin has no bearing on a dealer's offers. I do, however, have different levels for different dealers. If a dealer sells his/her coins consistently above market value, I would make them pay more than other dealers to get anything I have. If I have purchased reasonably priced (and graded) coins from a dealer, I will always give them much more leeway on their offers. I would also add that, we both need each other for the coin market to survive. A lot of people say, just use E-bay, we don't need dealers. Good luck with that. When everybody becomes a dealer, and no one wants to pay market value for coins, because they can't flip them for a million percent profit, the market will sink. Furthermore, E-bay will not put an end to the brick & mortar store. If E-bay is the last venue left for coin collectors to purchase the coins they want, I, along with many others, will no longer be an active participant in the coin market. I suppose the same individuals would say that Amazon will put an end to Wal-mart. People have forgotten the tactile nature of this hobby. There is nothing better than going to a coin store, IMO. As a person who is not in the coin world for rips, steals and somebody always being on the wrong end of one transaction or another, I can say I will spend more money at a brick and mortar than I ever will on E-bay. How many people have purchased silver proof sets that have the clad coins inserted? How many people have purchased counterfeit coins without any knowledge as to what they are doing? Plenty of you guys have been ripped, yourselves. The threads are here nearly once a day. The scams and cons are endless. Are those people going to support the hobby for years and years, I doubt it.
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Why?
Perhaps some random carriage returns would be useful as well
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Camelot
<< <i>Brandon, good question. The way I was thinking was not the way it looks in the actual text. I should add, if coins that are not in any way worthy of it, are consistently sold above market value (i.e. - a dealer who sells average to below average coins for premium prices), then I would expect the same bump on the offers. Don't worry, from what I have seen on your website, you would not be in that group. >>
Thanks for the compliment. Thanks for clarifying. I was just curious about that statement.
<< <i>Perhaps some random carriage returns would be useful as well >>
I like those, too.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
<< <i>There is nothing better than going to a coin store, IMO. >>
I agree - for buying.
Russ, NCNE
<< <i>There is nothing better than going to a coin store. >>
For me, sniping a coin off eBay can be just as fun.
U.S. Nickels Complete Set with Major Varieties, Circulation Strikes
U.S. Dimes Complete Set with Major Varieties, Circulation Strikes
Why?
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Why not? If I am selling a coin to a dealer and if there is $100 to be made from a coin sale why does the dealer think the he is entitle to the lion's share of that $100?
<< <i>
<< <i>There is nothing better than going to a coin store, IMO. >>
I agree - for buying.
Russ, NCNE >>
tada, the meister with few words.
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