Kinda fed up
FadeToBlack
Posts: 7,847 ✭✭✭✭✭
With the ridiculous prices sellers seem to be asking for half-decent non-blast white Morgans. No, that sliver of light green and blue toning doesn't turn your coin into something worth nearly 2x the going price for the grade. I'm getting pretty sick of ridiculously high ask prices for slightly above-average coins that should fall into my budget if they were properly priced... Instead I'm stuck waiting for the couple times a year when decent-looking coins are available at auction and actually hammer for realistic prices. This kind of crap is killing off any drive I have to keep going, buying decent coins shouldn't be so difficult without drastically overpaying. It really sucks and drains the heck out of my enthusiasm to have to sit around for 3-4 months before quality material is available for a reasonable price.
I mean, I haven't added a graded Morgan to my date set in something like 7 months, and it's not like I have huge budgetary constraints or am aiming for the tougher dates. I just don't want to overpay by a mile to acquire decent, original-looking common dates with like 1885, 1890, 1891, 1896-1898, 1901-1904... shouldn't cost me absurd amounts over guide for coins that are just above average 64's and 65's. The dumbest part about the whole situation is that I am just seeing the same coins over and over again when I do look. The coins don't change, the seller doesn't change, the pictures don't change, the prices don't change. What the heck is going to go different this time around that is going to result in the coin actually selling?
Nothing, nothing is going to change. And I keep asking why I am still looking since nothing seems to ever change. It's starting to seem like a colossal waste of time.
I mean, I haven't added a graded Morgan to my date set in something like 7 months, and it's not like I have huge budgetary constraints or am aiming for the tougher dates. I just don't want to overpay by a mile to acquire decent, original-looking common dates with like 1885, 1890, 1891, 1896-1898, 1901-1904... shouldn't cost me absurd amounts over guide for coins that are just above average 64's and 65's. The dumbest part about the whole situation is that I am just seeing the same coins over and over again when I do look. The coins don't change, the seller doesn't change, the pictures don't change, the prices don't change. What the heck is going to go different this time around that is going to result in the coin actually selling?
Nothing, nothing is going to change. And I keep asking why I am still looking since nothing seems to ever change. It's starting to seem like a colossal waste of time.
0
Comments
Cheers
Bob
I suppose you have a point but different collectors place premiums on different things. Bob sort of summed it up nicely.
Collector, occasional seller
Prices that seemed super high. I was surprised that some took my lower offers.
I do ask myself, however, if it is "just me?".....
In other words, what is really the right price? The price that a greysheet or PCGS guide tells me I should be able to find a coin at? Or, is it the price that many sellers are trying to sell at?
Or, is it somewhere in-between?
I don't sell often. Haven't sold on ebay in a LONG time. I usually don't try to overprice (sometimes, toned coins can be difficult to correctly price, imho) but I know what I have paid into a coin and I know what I like about the coin and also try to figure what I would have to pay for a similar coin if I tried to replace it.
Many times, I can't find similar for the same price that the guides tell me it should be (figure in any shipping/auction fees which are real costs associated to the coin).
So, what IS the real CORRECT price?
I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment
It was well done, and in my opinion you should be sold better coins at your price !
Can't you send them an offer? I would think once someone's coin sits online for 6+ months without a buyer that they would be more open to accepting a reasonable offer. But who knows, people generally don't make sense.
Some dealers want to play ball and others will drown in their overpriced coins...but they own the coins, so that's their choice!
FWIW I haven't purchased a morgan for over 3 months. There are a lot of over-graded/overpriced/relisted morgans with the "weaker" market as of recent on GC, eBay and various forums.
I find having 3/4/5 sets going at the same time helps during times like this. Some cheap foreign silver sets (Peru Sols in my case) go along with my main sets keep me going when I'm low on funds or burnt out looking...
"The cure for higher prices is higher prices"!
When folks stop overpaying prices will come down.
I know you've got some beautiful Morgans...hope that you get some more soon to share.
I'd suggest befriending some dealers and letting them know what you're looking for and what you're willing to pay. I think that some will be receptive to a solid customer even if the sale prices are a tad below what they'd list for on various sites like eBay.
The Hunt can be maddening. But it is a thrill when you nab that beauty at a good price. Would the thrill lose some luster if it was too easy?
On another buy, I bought this toner for less than half the asking price using the "make an offer" function on ebay.
My point is, make an offer you feel comfortable paying. Not everyone is going to accept, or they may counteroffer. Sometimes those high prices are just fishing bait.
Leo
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
This is another one of those topics that I don't want to delve into too much, lending out information that may increase the competition in what I collect. hmmm........nope.
Leo
Leo, There are only 4 of you if you haven't noticed. You, BigDowgie, Ray, and Strom. Kinda like the Merc series. LOL
On E-Bay I think it's entirely appropriate to offer a number to a seller you think will work. I've had many ask. I then will set the coin up as a new listing BIN and they buy it then and there.
I think the key is for you to give them a number. If they balk or counter offer you're not committed.
This is another one of those topics that I don't want to delve into too much, lending out information that may increase the competition in what I collect. hmmm........nope.
Leo
Leo, There are only 4 of you if you haven't noticed. You, BigDowgie, Ray, and Strom. Kinda like the Merc series. LOL
Ok......just this one time. 'Don't give up, be patient.........when the sky starts falling, be ready to pick up the pieces."
How was that?
Leo
Hey, I just noticed.........there are spaces between my lines. hmmm
The more qualities observed in a coin, the more desirable that coin becomes!
My Jefferson Nickel Collection
I give you this thought.
If you keep looking and NO One will sell at that price it might just be your expectations.
But again I don't know enough details.
Either way I hope you find some in the future.
I can tell you that as a dealer I see hundreds of thousands of coins a year that i feel are overpriced. Perhaps that number is in the millions.
I pass on 99.999% of them.
Still, ive managed to buy plenty of coins.
If you dont like the price then just pass.
If you get outbid on everything then either everyone else is paying too much or you are just offering too little
Also, it would take at least two times sheet to pry my choice hand picked coins from my collection, I can relate to dealers pricing their material at prices they would never regret.
I'm stuck waiting for the couple times a year when decent-looking coins are available at auction and actually hammer for realistic prices.
That's the game, it's called collecting.
So you want above average looking coins for what you deem realistic prices, and then claim they are hard to find? You may want to read that out-loud to yourself a couple of times.
Great transactions with oih82w8, JasonGaming, Moose1913.
With the ridiculous prices sellers seem to be asking for half-decent non-blast white Morgans. No, that sliver of light green and blue toning doesn't turn your coin into something worth nearly 2x the going price for the grade. I'm getting pretty sick of ridiculously high ask prices for slightly above-average coins that should fall into my budget if they were properly priced... Instead I'm stuck waiting for the couple times a year when decent-looking coins are available at auction and actually hammer for realistic prices. This kind of crap is killing off any drive I have to keep going, buying decent coins shouldn't be so difficult without drastically overpaying. It really sucks and drains the heck out of my enthusiasm to have to sit around for 3-4 months before quality material is available for a reasonable price.
I mean, I haven't added a graded Morgan to my date set in something like 7 months, and it's not like I have huge budgetary constraints or am aiming for the tougher dates. I just don't want to overpay by a mile to acquire decent, original-looking common dates with like 1885, 1890, 1891, 1896-1898, 1901-1904... shouldn't cost me absurd amounts over guide for coins that are just above average 64's and 65's. The dumbest part about the whole situation is that I am just seeing the same coins over and over again when I do look. The coins don't change, the seller doesn't change, the pictures don't change, the prices don't change. What the heck is going to go different this time around that is going to result in the coin actually selling?
Nothing, nothing is going to change. And I keep asking why I am still looking since nothing seems to ever change. It's starting to seem like a colossal waste of time.
I thought it was just me.
I'm sure I have offended sellers by asking a more reasonable price.
Yes, and even some have accepted.
I've had better luck with the better sellers.
Everything is all right!
be a bit high, for the last six months or so.... Cheers, RickO