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In trying to understand these markups...

jsfjsf Posts: 1,889
in U.S. Coin Forum
...I begin by trying to understand the markdowns ($500/25% omg!!!). What does this all say about a dealer's motive and business model? They can certainly do whatever they want, but geez Louise. I guess the way the market is these days, you just can't find someone who chooses to keep it real.

ebay auction link

Comments

  • llafoellafoe Posts: 7,220 ✭✭
    Is that a really weak strike? It looks AU to me?
    WANTED: Cincinnati Reds TEAM Cards
  • MoldnutMoldnut Posts: 3,113 ✭✭✭✭
    Im not going to say much, but thats the dealer that sold me an 1845 WLH MS63 in a Doily holder for $50.
    Derek

    EAC 6024
  • RWBRWB Posts: 8,082 ✭
    'Cause it's not very appealing and the seller wants his money out of it.
  • canadanzcanadanz Posts: 618 ✭✭


    << <i>Is that a really weak strike? It looks AU to me? >>



    That obverse definitely doesn't look MS to me.
  • mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭✭


    << <i>What does this all say about a dealer's motive and business model? >>

    Without more details than anybody here is probably ever going to have, it doesn't say much of anything.
  • pontiacinfpontiacinf Posts: 8,915 ✭✭
    book on a pcgs pr70dcam keelboat jefferson is $350 and I have it on the bst for under $100

    whats that say about me?

    question has no merit
    image

    Go BIG or GO HOME. ©Bill
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    MS Walkers have been in decline for the last year or so. I have picked up a few MS66's at about 75% of the PCGS price guide during that time just date set commons but still nice coins.
    image
    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • golfer72golfer72 Posts: 3,588
    What does "reverse" on the label mean? image
  • GoldenEyeNumismaticsGoldenEyeNumismatics Posts: 13,187 ✭✭✭


    << <i>What does "reverse" on the label mean? image >>



    Mintmark is on the reverse. 1917 Walkers have two varieties... mintmark on the obverse and mintmark on the reverse.
  • cone10cone10 Posts: 1,021


    << <i>What does "reverse" on the label mean? image >>



    Mint mark is on reverse.
    A nickel ain't worth a dime anymore.
    Yogi Berra

  • jsfjsf Posts: 1,889
    pontiacinf wrote: "question has no merit "
    ___

    yo, pontiac, b. cool! It's not about if the question has merit, it's simply about a dealer's pricing motive. If you choose to explain pricing actions like this (compared to standard market pricing guides and/or current auction prices realized), I'd sure appreciate it, even better than that, I'd listen!!! image Sure, I might not be asking my question right, but I think you're smart enough to get my meaning, aren't you?

    Why do dealers waste my time with these exorbitant markups/markdowns? Does the guy think he's doing me a favor? I see this seller doing similar markdowns ALL THE TIME. Is he out to impress me with his kindness with such steep markdowns, or simply baffle me why he'd ever price something so high to begin with? Point being, I wouldn't want to buy from a guy who I think is inflating his prices that much to begin with.


  • sweetwillietsweetwilliet Posts: 2,315 ✭✭✭
    I've watched a few of his (or her) auctions. He takes pretty good pics, a lot better than most on ebay. I see his prices are in flux fairly often, which to me means he is just trying to find a way to sell his coins at the right price. Some of the prices are pretty high, then are marked down 25%, but he can do whatever he wants with his prices to get his coins moving. JMO.
    Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.
    Will’sProoflikes
  • mrpotatoheaddmrpotatoheadd Posts: 7,576 ✭✭✭


    << <i>Why do dealers waste my time with these exorbitant markups/markdowns? >>

    Seller says if you want to buy it, this item is $1,574.99 (copied directly from the listing). How is that a waste of anybody's time?
  • questor54questor54 Posts: 1,351 ✭
    It is sort of like the clothing store where everything is always on sale. An old and effective sales technique. After all, we all looked at an eBay listing that few of us would otherwise have seen.
  • jsfjsf Posts: 1,889
    yeah, they take real good pics, all things considered, for ebay.

    As I mentioned in my OP, they certainly can do whatever they want, but I'd get damn tired of having to go back and mark all my stuff down, every friggin' week.

    hey, onward, panchitos.

  • questor54questor54 Posts: 1,351 ✭


    << <i>yeah, they take real good pics, all things considered, for ebay.

    As I mentioned in my OP, they certainly can do whatever they want, but I'd get damn tired of having to go back and mark all my stuff down, every friggin' week.

    hey, onward, panchitos. >>



    It WOULD be much more fun to mark everything up.
  • max42565max42565 Posts: 71
    This seller seems to want way more than the going rate for his coins,as most of his material is just common stuff that is easy to get a bead on the pricing,it is a stupid way to do business in my opinion.
    not an expert,just well informed.
  • jsfjsf Posts: 1,889


    << <i>

    << <i>Why do dealers waste my time with these exorbitant markups/markdowns? >>

    Seller says if you want to buy it, this item is $1,574.99 (copied directly from the listing). How is that a waste of anybody's time? >>



    Sounds like you'd be better off shopping at a place like this (sorry R.H., yours was an easy pick):

    link to a nice website

    Their price seems to take priority over the date and mint mark of their coins..., mrpotatoheadd, you'd fit right in!

    har har LMAO

    ed. spelling

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