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Does too cheap make you nervous?

BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
in U.S. Coin Forum
So I was on a dealers site yesterday and saw something that made my jaw drop based on the photos. Yet the asking price wasn't realistic as if it really shows up looking the way it was presented there was a ton of money left on the table. So instead of a no-brainier instant purchase I spent a good amount of time gawking at it to see what's wrong I'm missing? I did eventually buy it as I couldn't find any issue, but I am on the fence as to what will actually arrive in the mail?



Anyone else get frightened away when asking price is too low to make sense?



To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!

Comments

  • jerseycat101jerseycat101 Posts: 1,360 ✭✭✭✭✭
    I've cherry picked too many coins to ever wonder if a coin is too cheap.
  • LogPotatoLogPotato Posts: 2,177 ✭✭✭✭
    The only time I can remember being in that position was buying a key date in my series off of ebay. I bought it from a jeweler that priced it at PCGS guide. The date in a graded holder that it was in usually goes for double guide regardless of issues that I am picky about. I could probably get triple of what I paid with that coin if I cared to sell it.
  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    I obviously do not get nervous ....
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Ripping on Ebay is a bit different then on a Coin Dealer site.



    As I'm not accustomed to seeing dealers selling $1,200.00 coins priced at a retail cost of under $100.00 image
    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • BackroadJunkieBackroadJunkie Posts: 3,745 ✭✭✭✭✭
    A tale as old as time!


    And Goldilocks looked at the three coins and one was priced too high. The second coin was just too low. The third coin was just right...



    All right, it might have not happened that way in the original story... ;-)



    (I don't mind too low so long as it's the legit product. But more often than not in the coin world, if it's too good to be true, then, well, you know.)
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    Originally posted by: BackroadJunkie

    A tale as old as time!





    And Goldilocks looked at the three coins and one was priced too high. The second coin was just too low. The third coin was just right...






    All right, it might have not happened that way in the original story... ;-)







    (I don't mind too low so long as it's the legit product. But more often than not in the coin world, if it's too good to be true, then, well, you know.)




    I liked your Goldilocks story! imageimage



    Although doubtful I'm keeping my toes crossed it show up better then expected.



    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • LogPotatoLogPotato Posts: 2,177 ✭✭✭✭
    Originally posted by: Broadstruck

    Ripping on Ebay is a bit different then on a Coin Dealer site.



    As I'm not accustomed to seeing dealers selling $1,200.00 coins priced at a retail cost of under $100.00 image




    Understood, I didn't know we were specifically talking about dealers. Never made a major deal on a dealer that I thought was too obvious.
  • blu62vetteblu62vette Posts: 11,960 ✭✭✭✭✭
    I have had that before, I sat there baffled at a price and was so confused because it was off by so much. Then I wondered why it took me so long to order.



    http://www.bluccphotos.com" target="new">BluCC Photos Shows for onsite imaging: Nov Baltimore, FUN, Long Beach http://www.facebook.com/bluccphotos" target="new">BluCC on Facebook
  • AuroraBorealisAuroraBorealis Posts: 3,591 ✭✭✭✭✭
    Interesting... Maybe he needs a right off... image Not alot of down side if it doesn`t work out so good luck you never know...
  • 291fifth291fifth Posts: 24,876 ✭✭✭✭✭
    In the case of obscure varieties you may actually be able to find something at an especially good price. For well known, heavily traded items ... there is no Santa Claus in numismatics.
    All glory is fleeting.
  • lordmarcovanlordmarcovan Posts: 44,176 ✭✭✭✭✭
    Originally posted by: Broadstruck

    So I was on a dealers site yesterday and saw something that made my jaw drop based on the photos. Yet the asking price wasn't realistic as if it really shows up looking the way it was presented there was a ton of money left on the table. So instead of a no-brainier instant purchase I spent a good amount of time gawking at it to see what's wrong I'm missing? I did eventually buy it as I couldn't find any issue, but I am on the fence as to what will actually arrive in the mail?



    Anyone else get frightened away when asking price is too low to make sense?







    Yes, this has happened to me as well.



    With mixed results. Once or twice I was overlooking something, and it was too good to be true.



    The other times were cause for celebration. image



    Like you, I do get a little nervous in this situation sometimes, and double-check.

    Collector since 1976. On the CU forums here since 2001.

  • PerryHallPerryHall Posts: 47,123 ✭✭✭✭✭
    Originally posted by: Broadstruck

    So I was on a dealers site yesterday and saw something that made my jaw drop based on the photos. Yet the asking price wasn't realistic as if it really shows up looking the way it was presented there was a ton of money left on the table. So instead of a no-brainier instant purchase I spent a good amount of time gawking at it to see what's wrong I'm missing? I did eventually buy it as I couldn't find any issue, but I am on the fence as to what will actually arrive in the mail?



    Anyone else get frightened away when asking price is too low to make sense?







    Was the coin raw? I've seen pics of raw coins where the coin looked great but had hairlines indicating a cleaning that didn't show up in the pics. Too good to be true usually is. Caveat emptor.

    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

  • oih82w8oih82w8 Posts: 12,792 ✭✭✭✭✭
    No, it does not bother me, provided they have a return policy.
    oih82w8 = Oh I Hate To Wait _defectus patientia_aka...Dr. Defecto - Curator of RMO's

    BST transactions: dbldie55, jayPem, 78saen, UltraHighRelief, nibanny, liefgold, FallGuy, lkeigwin, mbogoman, Sandman70gt, keets, joeykoins, ianrussell (@GC), EagleEye, ThePennyLady, GRANDAM, Ilikecolor, Gluggo, okiedude, Voyageur, LJenkins11, fastfreddie, ms70, pursuitofliberty, ZoidMeister,Coin Finder, GotTheBug, edwardjulio, Coinnmore, Nickpatton, Namvet69,...
  • winkywinky Posts: 1,671 ✭
    Nope, just buy it and be happy.
  • BillJonesBillJones Posts: 35,115 ✭✭✭✭✭
    I don't know about nervous, but I would cautious. Unless this is something that is "on the dark side," which can get past some dealers, something fishy might be going on.


    "Dark side" - e.g. Foreign coins, tokens, medals, less obvious or lesser known die varieties or die states.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • brg5658brg5658 Posts: 2,399 ✭✭✭✭✭
    The more obscure the item (token, medal, exonumia), the more likely a "general" dealer doesn't know what he/she really has.



    Sadly, this often means that whomever they purchased the item from also wasn't paid what it was worth on the open market.
    -Brandon
    -~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-~-
    My sets: [280+ horse coins] :: [France Sowers] :: [Colorful world copper] :: [Beautiful world coins]
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  • BillJonesBillJones Posts: 35,115 ✭✭✭✭✭
    Originally posted by: brg5658
    The more obscure the item (token, medal, exonumia), the more likely a "general" dealer doesn't know what he/she really has.

    Sadly, this often means that whomever they purchased the item from also wasn't paid what it was worth on the open market.


    Unfortunately if you don't do your homework before you sell something, you can get picked off. That is a fact of life, and sometimes laziness gets what it deserves. In my 55+ years of collecting I've been picked off. It happens, and if you are smart you learn something from it.


    Putting a value on some dark side stuff like tokens and medals can be hard, and it is almost never precise. It might sound unprofessional, but there is some "seat of pants" stuff involved here. The difference between wholesale and retail is often a lot greater for the dark side. It often takes longer to sell such items because there are fewer customers, and many collectors are like me. They have a lot of varieties (In my case many 19th century presidential campaign tokens.) and often there are a very limited number of pieces that they need.

    Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
  • AMRCAMRC Posts: 4,280 ✭✭✭✭✭
    It happens, if this was on eBay, there is NO downside. Enjoy your find!
    MLAeBayNumismatics: "The greatest hobby in the world!"
  • AUandAGAUandAG Posts: 24,993 ✭✭✭✭✭
    Not every dealer has your knowledge.



    I hope it exceeds your every expectation!



    bob
    Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
  • BroadstruckBroadstruck Posts: 30,497 ✭✭✭✭✭
    It's raw and the first I've ever seen on the dealers site as it's not his specialty.







    To Err Is Human.... To Collect Err's Is Just Too Much Darn Tootin Fun!
  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    Originally posted by: BillJones
    Unfortunately if you don't do your homework before you sell something, you can get picked off. That is a fact of life, and sometimes laziness gets what it deserves. In my 55+ years of collecting I've been picked off. It happens, and if you are smart you learn something from it.



    I know I have been picked off. I always wonder why Fred just bought that coin from me ????
  • LindeDadLindeDad Posts: 18,766 ✭✭✭✭✭
    Originally posted by: oih82w8

    No, it does not bother me, provided they have a return policy.




    I'm in this boat also.



    image



    My Current project....https://www.pcgs.com/setregistry/mysetregistry/album/160794
  • coinsarefuncoinsarefun Posts: 21,772 ✭✭✭✭✭
    Originally posted by: Broadstruck
    It's raw and the first I've ever seen on the dealers site as it's not his specialty.









    Here is your answer image
    CoinsAreFun Pictorials Album FOR SALE
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    CoinsAreFun Toned Silver Eagle Proof Album
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    Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
    .
    More CoinsAreFun Pictorials NGC FOR SALE
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    Best of luck.. I hope it works out for you. Be sure to post a follow up....

    Inquiring minds want to know.....image Cheers, RickO

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