I just checked and Coin Facts does not really follow ebay sales!
amwldcoin
Posts: 11,269 ✭✭✭✭✭
I think I have found out why the Price Guide is so low on many coins. I decided to spot check coin facts vrs. the PCGS Graded coins I have sold on Ebay. 1 glaring example was a 1905-O Barber Half graded F12. I have sold 6 on ebay in the last 3 years and not even one of them shows up in Coin Facts!
Should Coin Facts be reporting all ebay sales or just the lowball sales I see?
Should Coin Facts be reporting all ebay sales or just the lowball sales I see?
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Comments
-Paul
All the coins you sold were auctions? I'm not sure what their algorithm is for reporting sales, but I think they all need to be auctions. From there it is a little spotty.
-Paul
That could be it! I rarely do auctions on ebay.
But why would they not follow actual sales? A sale is a sale regardless of how they are accomplished!
``https://ebay.us/m/KxolR5
many tracking progs/sevices only track auctions.
the argument is it is a more reflective approach to actual and reliable customer interest.
i agree about not tracking b.i.n.
so long as the images and/or listings are referenced. a sale is a sale.
maybe it prohibits wild obo, picks etc?
sellers can get beat up a bit from buyers using that data. it is safe but sometimes, too safe.
i know ive seen ebay results listed via cf but i think it was mostly varieites and i hinestlt dont recall tge listing type.
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eBay sales are included in CoinFacts -- the eBay listing must have the cert # entered in the item details. Many people don't do this..
i have never, i think. i will try to remember in the future if you are 100%.
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eBay sales are included in CoinFacts -- the eBay listing must have the cert # entered in the item details. Many people don't do this. Also, it takes a while for it to appear. I've seen coins take over 3 or 4 months to show up in CoinFacts.
I have always listed the Cert Number in my ebay listings!
From the Price Guide site:
YOUR INPUT IS WELCOMED
We welcome pricing input from all PCGS dealers and all serious coin collectors. If you have pricing suggestions, email them to pcgspriceguide@collectors.com. Be sure to include relevant information such as
Auction records
Private offerings
Public sales
…as opposed to just saying, “I think this price is too low (or high).”
We will not be able to personally respond to your e-mails but we will review your suggestions.
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http://www.coinsociety.com/priceguide has ebay listing sales/auctions
In the sold listings I see 1 F15 that sold on ebay. That is all!
Great transactions with oih82w8, JasonGaming, Moose1913.
Personally I'd prefer that they not show non-auction eBay sales such as BIN sales on the Coin Facts archive. I'm skeptical of the validity of many of them. When I'm searching directly on eBay for prices realized, I look almost entirely at those items that sold in true auction format with multiple bidders.
+1
But I will admit I paid a little over double Price Guide for my last find.
Personally I'd prefer that they not show non-auction eBay sales such as BIN sales on the Coin Facts archive. I'm skeptical of the validity of many of them. When I'm searching directly on eBay for prices realized, I look almost entirely at those items that sold in true auction format with multiple bidders.
If including Ebay sales in the algorithm, I don't understand your point of excluding BIN sales. BIN sales only occur if a buyer and seller agree on the BIN sale so it is representative of a market price. No different than a dealer in his B&M store putting a price on a coin and selling it.
My criticism of the PCGS Price Guide is that by their own description, they say they include seller asking prices as input to the prices and don't require an actual transaction to have taken place to show the price is a valid price point where buyer and seller have come together. A big name dealer who's providing input to the PCGS Price Guide process can game the system by doubling the prices of some of his coins with no intention to sell but to influence the Price Guide. Then when he's had such an influence, he lowers his price and sells.
I've always wished PCGS would include Ebay sales into their formulas for their Price Guide. But it wouldn't serve the purpose of the Price Guide. Ebay prices tend to be low retail while the intent of the PCGS Price Guide is high retail. In PCGS's self interest, they want their price guide to show the higher prices because it serves towards communicating a higher price for PCGS coins.
The Ebay Coin Facts results on the 1905-O F12 range from $112-$198
My sales figures are from $220-$350 with the higher priced ones being solid nice original 15's in 12 holders. I have sold to other dealers at the $220 level. That kindda bashes your thought that it would pull down the market prices.
This is pretty much true throughout the midgrade Barber Series. I am debating contacting PCGS and revealing my sales records. I have sold in the neighborhood of 1500 Graded Barber half's in the last 3-4 years!
I have also paid over price Guide for many of the Half's in my 9 registry sets. A few are 3-5 times PCGS Priceguide!
Personally I'd prefer that they not show non-auction eBay sales such as BIN sales on the Coin Facts archive. I'm skeptical of the validity of many of them. When I'm searching directly on eBay for prices realized, I look almost entirely at those items that sold in true auction format with multiple bidders.
My view is that BINs are irrelevant to an archive of auction prices realized. Just because some random person listed a coin at some random price of their choosing on eBay and someone else may (or may not) have bought it, an auction price still has not been established. That's not much different than if I submitted my private transaction records to PCGS and them including those in their APR archive.
My view is that BINs are irrelevant to an archive of auction prices realized. Just because some random person listed a coin at some random price of their choosing on eBay and someone else may (or may not) have bought it, an auction price still has not been established. That's not much different than if I submitted my private transaction records to PCGS and them including those in their APR archive.
Your sales would be private and in the eyes of skeptics could be falsified! Ebay is a public venue where the sales price can be seen by all for a couple of months.
True, but BIN sales are just as manipulable which is why I give them very little credence. Anyone with a quantity of coins can list them on eBay at an aggressive price and have shills buy them, thus creating an inaccurate history of prices. Sure, someone can have multiple shills create false APR's in true auction formats, but I'm sure it's much less likely.
True, but BIN sales are just as manipulable which is why I give them very little credence. Anyone with a quantity of coins can list them on eBay at an aggressive price and have shills buy them, thus creating an inaccurate history of prices. Sure, someone can have multiple shills create false APR's in true auction formats, but I'm sure it's much less likely.
Didn't we just see obvious market manipulation with the 2 best Pouge coins?