I lost my shirt, and feel sick.
CoinBuyer12
Posts: 205
I bought this CWT cheap off a buddy to resell. I start things out cheap to attract bidders. I cannot believe how low this went for. I feel sick to my stomach.
http://www.ebay.com/itm/SHARP-1863-ARMY-AND-NAVY-TOKEN-AU-UNC-RED-BROWN-/200880515877?pt=LH_DefaultDomain_0&hash=item2ec5696b25&nma=true&si=fQHg%2F4B7W%2BnO0i0294hLpcNMefM%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
http://www.ebay.com/itm/SHARP-1863-ARMY-AND-NAVY-TOKEN-AU-UNC-RED-BROWN-/200880515877?pt=LH_DefaultDomain_0&hash=item2ec5696b25&nma=true&si=fQHg%2F4B7W%2BnO0i0294hLpcNMefM%3D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
www.coinswithhistory.com
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Comments
What is cheap? Civil War raw tokens on eBay?....Take your chances!! Sorry if you lost $$$ Cool Copper!!!
<< <i>I start things out cheap to attract bidders. >>
And this usually attracts cheap bidders. Sometimes, that's all it attracts. Sorry to hear about your poor results.
I have bought and sold at tremendous losses. Not to make light of what you just sold. Yes it probably should
have sold for $40-60 but if you do a .99 auction and not a BIN/ make offer that's what can happen.
I have bought $1.200 toned Morgan CC's only to turn around and sell it for $400-600.
And I am not the first nor the last one who has experienced this.
Again I don't mean to sound negative but that's what happens.
Now on the other hand I have done some absolute killer cherry picks on eBay and you may have done so
If not you will one day
.
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<< <i> I feel sick to my stomach. >>
if this makes you sick, you have some really hard roads ahead of you in numismatics
.
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<< <i>
<< <i> I feel sick to my stomach. >>
if this makes you sick, you have some really hard roads ahead of you in numismatics
. >>
Indeed. I'm sure it feels bad but there are much rougher roads ahead.
Lance.
<< <i>
<< <i> I feel sick to my stomach. >>
if this makes you sick, you have some really hard roads ahead of you in numismatics
. >>
Boy howdy.
I think if you look through ebays sold you will find it went in the ballpark of what it should have. Even in plastic I doubt it would have fetched much more than $50-$60.
It is a common cwt, a nice cwt but common.
<< <i>
<< <i> I feel sick to my stomach. >>
if this makes you sick, you have some really hard roads ahead of you in numismatics
. >>
I agree.
What did you lose then, $20 thereabouts?
This is not 'losing one's shirt'.
My last run of Ebay items, I had $850 into them and I received only $700 for them (after fees).
That's the Ebay game.
Sometimes you win and sometimes you lose.
It's only money.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
Great collections are built buying and lessons are taught.
eBay ! It's a beautiful venue on both ends of the spectrum.
As often as I say "It sucks, it does". It's all good.
HE>I
It's a very common piece.
It looks messed with on the obverse with someone trying to cover those scratches with
a dellers darkner or such.
You got a fair price.
bob
MJ
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
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I am out more than that every time my Daughter swipes here PayPal Student card, which is often! I only get sick though if she is buying her boyfriend lunch. Then I get mad. Then I get over it!!
<< <i>
<< <i> I feel sick to my stomach. >>
if this makes you sick, you have some really hard roads ahead of you in numismatics
. >>
REALLY--35 bucks is NOTHING. I once lost $850 on one deal.
“I may not believe in myself but I believe in what I’m doing” ~Jimmy Page~
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
<< <i>
<< <i> I feel sick to my stomach. >>
if this makes you sick, you have some really hard roads ahead of you in numismatics
. >>
That's pretty much it. You didn't lose your home over this deal, the repo man isn't looking for your car and the Feds didn't seize the rest of your coins so you didn't lose your shirt. Consider this experience a learning experience and move on.
The smartest and most successful dealers in the numismatic world have all lost big money (four, five or even six figures) on deals at one time or another. Best thing to do is to not stew in despair and move on to the next transaction.
Authorized dealer for PCGS, PCGS Currency, NGC, NCS, PMG, CAC. Member of the PNG, ANA. Member dealer of CoinPlex and CCE/FACTS as "CH5"
<< <i>What did you lose then, $20 thereabouts?
This is not 'losing one's shirt'. >>
I suppose technically $20 is about the value of one's literal shirt
If a $20 bath is your worst so far on Ebay in 1000+ transactions, you're doing amazingly well.
Sorry you lost out.
But of course with auctions, that's always a chance one takes. I think you're right to take the chance and start low to attract bidders. It doesn't always work, as we're seeing here, but overall it's a good strategy, I think.
Or at least it's been good for me with world coins. My world coin auctions usually do pretty well and the coins usually end up going back to their home countries, where they have a following.
"How many times can a man turn his head and pretend he just doesn’t see?” - Bob Dylan
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
<< <i>I get the feeling that Coinbuyer12 is a young kid that is new to coin dealing and that $20 is a lot of money to him. >>
I never thought of that.
If that's the case, I apologise for my comment.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
<< <i>I get the feeling that Coinbuyer12 is a young kid that is new to coin dealing and that $20 is a lot of money to him. >>
He Has been selling on Ebay since 2003 doesn't appear to be a Y/N. I would also like to know if the OP collects anything? It appears to me he is a seller only. And after 10 years on Ebay selling and to post you lost your shirt and feel sick? Sorry but the OP needs to read more threads instead of starting them...................JMO Enjoy
I used to be famous now I just collect coins.
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Sometimes you win other times no. On the whole tho, you should be winning.
I have (20) 99 cent auctions that end today and will put up another 20 tonight.
It is all part of the game.
<< <i>I've had coins sell for less than face. You did OK compared to that.... >>
Dang! Sorry to laugh ... but that is pretty funny.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Karma is a bitçh ... and she has a great memory.
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
<< <i>I lost $3M when I shut my Seattle company down. But it's all relative >>
A guy who can lose 3 MM can afford a little more loss. Go drive up my 1895-S Redfield!
Which by the way started at 99 cents now that I think about it!!
Many collectors lose their shirts the minute they buy certain coins---they just don't realize that at the time.
RMR: 'Wer, wenn ich schriee, hörte mich denn aus der Engel Ordnungen?'
CJ: 'No one!' [Ain't no angels in the coin biz]
peacockcoins
<< <i>I get the feeling that Coinbuyer12 is a young kid that is new to coin dealing and that $20 is a lot of money to him. >>
I think it is much more likely that CoinBuyer12 has significant history on other coin boards under a different user name.
In honor of the memory of Cpl. Michael E. Thompson
The token in question is not a big deal. It's no like you got pennies on the dollar for a really neat item; it is common and kind of boring. I'd just move on.
<< <i>
<< <i>I get the feeling that Coinbuyer12 is a young kid that is new to coin dealing and that $20 is a lot of money to him. >>
I think it is much more likely that CoinBuyer12 has significant history on other coin boards under a different user name. >>
<< <i>In terms of percentage, sure you took a hit. But, in reality, if losing $20 to $30 is making you that sick, then you should be doing something else. Consider yourself lucky that it was not a $1,000 coin. >>
The last coin I sold was around a $600 loss. Disappointed... Yes, Sick... No, Lesson Learned... I hope so