Most sets are now selling for between $30 and $34 with free shipping on eBay. There are a couple selling for a couple more dollars occasionally. Any way you look at it sellers are losing money on them. Factor in your time and free shipping and shipping material costs and these are now officially dogs!! Woof, woof.....
Actually, yes. Mint was selling at 29.95 with free shipping
Free shipping wasn't available on the issue date.
Secondly, it costs $3.00 for postage and shipping supplies unless you are shipping free.
Cost of shipping is irrelevant. The mint sold them at $29.95 with free shipping from early October until they went unavailable. So, my statement stands correct: the current price is still higher than the Mint price. Even if you want to include the $4.95 shipping, if you buy 2 sets from MCM it is still above the issue price of the Mint $65.90 vs. $64.85).
So the cost to ship is irrelevant even though the seller has to pay it? LOL. well, yes, in that case your statement is correct even though that wasn't the point of my initial response to your statement. I thought that was obvious.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Actually, yes. Mint was selling at 29.95 with free shipping
Free shipping wasn't available on the issue date.
Secondly, it costs $3.00 for postage and shipping supplies unless you are shipping free.
Cost of shipping is irrelevant. The mint sold them at $29.95 with free shipping from early October until they went unavailable. So, my statement stands correct: the current price is still higher than the Mint price. Even if you want to include the $4.95 shipping, if you buy 2 sets from MCM it is still above the issue price of the Mint $65.90 vs. $64.85).
So the cost to ship is irrelevant even though the seller has to pay it? LOL. well, yes, in that case your statement is correct even though that wasn't the point of my initial response to your statement. I thought that was obvious.
When you buy bread at the store, do you look at the price of the bread or the profit margin of the seller? Would you pay more to get your bread delivered from 2000 miles away because it cost the seller more to get it to you?
The SALE PRICE of the sets is the only thing that matters. It is the only thing that tells you what the market is for the item.
If I buy a bunch of these at $15 each from someone desperate and sell them on eBay at $25 for a 30% profit, are you telling me that means the market is STRONGER than MCM losing money at $32.95?
Since August 1st, these sets have sold for $30 to $35 except for August 2nd when they sold for $50+. They are still in the same price range. They really haven't gone up or down.
Again you've missed the point of my statement which simply put is that a sale price of $32.95, if you're paying for shipping and packing materials, does not provide any profit if you paid $29.95 for said item.
Now you're trying to incorporate yet another scenario replete with desperate sellers, also? You have a penchant for twisting and extrapolating verbiage to suit your narrative or to claim you are "right" but those hypotheticals were not part of the initial point or my counterpoint, which is that there is no room for profit if you are buying an item for $29.95 and selling said item for $32.95.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
they bought 1,000's of congratulations sets, that alone gives them options to sell other things at close to cost and like you said, graded coins they sell are money makers too
@coinpalice said:
so why not just say the current profit margin is negative on this set?
Exactly, lol.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
Person A and B, who do not appear to be buying or selling are telling person C, who is buying and selling, that he cannot make money, while person C is saying I have made money.
It is the same logic that people who do not sell on ebay say that you cannot make money on ebay due to fees, pp costs, returns, scams, margin, etc. while the people who sell on ebay somehow make a lot of money doing so.
@coinpalice said:
it would be interesting if anyone ever got bad feedback for selling a set with bubbles. I know if bought a set and wasn't aware of the problems with bubbles in this set, I wouldn't be happy
Not only would I not be happy, I would also ding the seller with a neg. if it wasn't disclosed. I may be old, but not crusty.
Remind me to block you. If you are going to neg someone for selling you an original set in original OGP.
A picture of your bar would be appreciated...btw 10k were produced last year. This must a new batch. I wonder what the numbers are. I just noticed, not a new bar, but a continuation. So far they've sold over 17k.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
Comments
the missing sets are irrelevant at this time, more sets would cause prices to decline even more, a sell out the prices remain the same
Most sets are now selling for between $30 and $34 with free shipping on eBay. There are a couple selling for a couple more dollars occasionally. Any way you look at it sellers are losing money on them. Factor in your time and free shipping and shipping material costs and these are now officially dogs!! Woof, woof.....
i still believe these sets have a chance to go up in a few years, but short term is looking bleak for these sets
And have been hitting in the low 30s for a while.
They are averaging a couple dollars more than before they went unavailable
still upset my big order for the congratulations set was 20 seconds too late
So the cost to ship is irrelevant even though the seller has to pay it? LOL. well, yes, in that case your statement is correct even though that wasn't the point of my initial response to your statement. I thought that was obvious.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
i know several people who will never buy anything from the secondary market even at u.s. mint prices. they just don't support flippers
another thing is some people want fresh unsearched sets, they are afraid of getting sets that were cherry picked
mcm has overhead, about 50 employees so they have a payroll to meet. they have to turn the sets
Again you've missed the point of my statement which simply put is that a sale price of $32.95, if you're paying for shipping and packing materials, does not provide any profit if you paid $29.95 for said item.
Now you're trying to incorporate yet another scenario replete with desperate sellers, also? You have a penchant for twisting and extrapolating verbiage to suit your narrative or to claim you are "right" but those hypotheticals were not part of the initial point or my counterpoint, which is that there is no room for profit if you are buying an item for $29.95 and selling said item for $32.95.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
jesse_james_rare_coins gets 65 looks a day, how? i don't know, the sub title might help
yeah, like i stated earlier, a big order that was cancelled or declined cost thousands of people thousands of dollars
so why not just say the current profit margin is negative on this set?
apmex told me on the phone he pays 5 percent final value fees
maybe he was including paypal in that figure? anyway hat was my offline discount
they bought 1,000's of congratulations sets, that alone gives them options to sell other things at close to cost and like you said, graded coins they sell are money makers too
they are also looking for more Brand loyalty customers, no better way then to throw some deals
it's fun to watch the frenzy but you guys should open up a chat window or private conversation
Exactly, lol.
Collecting 1970s Topps baseball wax, rack and cello packs, as well as PCGS graded Half Cents, Large Cents, Two Cent pieces and Three Cent Silver pieces.
i like this bar, i have number 9 of 10,000
https://www.ebay.com/itm/eBay-RCM-10oz-9999-Fine-Silver-Bar/331754434878?hash=item4d3e1af13e:g:XjgAAOSwk~NZy8Yb
got it for 150 about a year ago in a no reserve
maybe they are hoping for silver to go up a lot, so they can raise prices like the futures market
Thread may go Poof
85% of this thread now is
Person A and B, who do not appear to be buying or selling are telling person C, who is buying and selling, that he cannot make money, while person C is saying I have made money.
It is the same logic that people who do not sell on ebay say that you cannot make money on ebay due to fees, pp costs, returns, scams, margin, etc. while the people who sell on ebay somehow make a lot of money doing so.
That sums up the last 28 pages.
Return to your lives, Citizens.
.> @coinpalice said:
A picture of your bar would be appreciated...btw 10k were produced last year. This must a new batch. I wonder what the numbers are. I just noticed, not a new bar, but a continuation. So far they've sold over 17k.
https://www.ebay.com/itm/2017-S-US-Mint-225th-Anniversary-Enhanced-Uncirculated-10-Coin-Set-W-Box-And/152790252062
LOL.... $ 23.50 with Free Shipping for a 225th set