Isn't this a bit excessive?

kimon1230 · March 25, 2007 2:22AM

I found this eBay auction for a 2007 NGC MS70 silver panda and the BIN price is $325

Granted, this is the only 2007 MS70 I can find on eBay, but isn't it a bit much? Anyone around here with better market info that can weigh in on this?

(edited to specify that I meant MS70 for a 2007)

theboz11 · March 25, 2007 3:33AM

The 2006 W UNC ASE are much higher for 70's and they are bullion.

kimon1230 · March 25, 2007 4:06AM

So are the pandas

Aethelred · March 25, 2007 5:53AM

It is hard to see how the buyers could live long enough to ever sell those coins for a profit!

ajaan · March 25, 2007 10:22AM

Here is a 2006 NGC MS70.

Zoins · March 25, 2007 1:48PM

I've learned to be very skeptical of BINs. A lot of them tend to be extremely high compared to what you'll pay in an auction setting.

kimon1230 · March 25, 2007 10:13PM

<< It is hard to see how the buyers could live long enough to ever sell those coins for a profit! >>

I've heard hushed rumors that there are people who actually buy coins because they like them and don't consider the resale value!
It's madness, I tell you!

kimon1230 · March 25, 2007 10:14PM

<< Here is a 2006 NGC MS70. >>

Yeah, I should've specified that it's the only 2007 MS70 I could find on eBay

Zoins · March 25, 2007 11:12PM

<< 

<< It is hard to see how the buyers could live long enough to ever sell those coins for a profit! >>

I've heard hushed rumors that there are people who actually buy coins because they like them and don't consider the resale value!
It's madness, I tell you! >>

Yep, but for something that should be or is common enough like this there's no reason to pay moon prices in a BIN unless you really can't wait. Paying BINs that are several several times greater than the likely market rate can also be considered madness

kimon1230 · March 25, 2007 11:16PM

<< 

<< 

<< It is hard to see how the buyers could live long enough to ever sell those coins for a profit! >>

I've heard hushed rumors that there are people who actually buy coins because they like them and don't consider the resale value!
It's madness, I tell you! >>

Yep, but for something that should be or is common enough like this there's no reason to pay moon prices in a BIN unless you really can't wait. Paying BINs that are several several times greater than the likely market rate can also be considered madness

>>

I know, I know but, I just had to be a smart-ass. It's a curse I've got to live with

Isn't this a bit excessive?

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