Sellers and no buyers?
rodeo514
Posts: 217 ✭✭✭
Would like to know where coins are sold online these days.i hear Fleabay is no good.lol I'll be at the show in Baltimore but I'll forget by then to ask.( I have lots of questions!)
Seems like there's a whole lot of sellers and very little buyers these days.
" working on a quote"
4
Comments
ebay coin sales appear to be thriving.
Gold has a world price entirely unaffected by accounting games between the Treasury and the Fed. - Jim Rickards
To the OP: On the contrary! Sales are very good on eBay and at shows. If you look for deals on Etsy and the like, you're asking for trouble.
From all I have read in show reports, and posts here about ebay, I would say the coin business is booming. Check dealers site as well. Cheers, RickO
My ebay sales are going fairly well. Maybe it depends on what you're looking for...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
Seems like there's a whole lot of sellers and very little buyers these days.
Oh yeah? Then how come I keep getting blown out in Heritage auctions?
Member ANA, SPMC, SCNA, FUN, CONECA
This... I'm batting less than .200 or so on ebay auctions and I thought I was putting in some strong bids.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
@2ndCharter
What do you mean
Sounds like eBay is doing fine. For people who are buying and selling, anyway.
I would have to agree with Ricko's comment on the state of the coin business. As one who uses EBAY more often than I should, many of those sellers are the brick and mortar sort. Most will include a business card, which when doing an online search to their website, I have bought additional coins cheaper directly then on EBAY. The reasoning is simple. Listing and sales fees are no longer part of the equation for them to turn a profit.
If you price them right they will sell. If you want them to sell fast — Don’t price them for what you think they are worth when you are the owner, price them for what you thought they were worth when someone else was the owner.
Generally coins go up in value when you become the owner.
Www.killermarbles.com
Www.suncitycoin.com
@2ndCharter said:
Seems like there's a whole lot of sellers and very little buyers these days.
I will join the chorus and say my eBay sales are strong.
Are the coins on the website in your sigfile priced at what you paid for them?
The original premise of this thread reminds me of several years ago when the housing market had weakened and I heard a few people lament that "no one is buying". The sellers, of course, were pricing their houses as if the market was still strong.
People are always buying. It's just a matter of price.
In the case of coins, I thought the market has been fairly hot for many items. It's soft for common proof sets or state quarters rolls, for example, but that's a different issue.
I don't have any views on listings.i have 6 views on a bicentennial half dollar ,and 0 on 50 other items including mercury dimes,nickles etc..
Are they overpriced?
Do they have effective titles? (Speaking for myself, I search for things I am looking for, I don't just look at all the listings in a particular category. Ebay has gotten way too big to do that anymore).
Eye appealing coins sell like hotcakes.
"Got a flaming heart, can't get my fill"
I tend to WAY overprice the very few items I list on eBay because I'm not a dealer and I only put stuff up at the "I have to take a stupid amount of money price" and to help offset the costs. That being said, I still get a fair amount of views/watchers.
I would agree that potentially the titles need a bit of work and maybe double check the categories/details/spelling for accuracy. Only other major thing I can think of is maybe very poor pictures?
chopmarkedtradedollars.com
As long as things are accurately and completely described (including photos) and fairly priced then the views and sales will come.
What kind of "bicentennial half dollar" or "mercury dime"? What is the price point? What format is the listing?
https://www.ebay.com/itm/325208547913?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=AX5S58IRTkK&sssrc=2051273&ssuid=AX5S58IRTkK&var=&widget_ver=artemis&media=COPY
A 1988 s proof quarter for 2.00
And 0 views ..I'm baffled
The minimum bid seems high. If I had an item like that for sale, I’d start it at 99c., no reserve.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
What do you mean
I thought my comment was pretty straight forward. If I put in a bid of $3,500 on an item where the price guides give it a current value of $2,500 and it hammers for over $5,000 - I would say there are plenty of buyers out there.
Member ANA, SPMC, SCNA, FUN, CONECA
Great Collections is a popular choice for nice coins. eBay is good for all levels of coins.
Rarity, the right holder, top quality pictures, the right price, etc.. On ebay you can check going back 90 days so will see what's what.
At least 2. I've been overbid quite a lot lately.
Jim
When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln
Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
Why are you baffled? It's not worth $2. I see many completed sales on eBay for a four-piece set (cent through quarter) for under $2 with free shipping. I see completed sales for a full set (in mint-issued case and wrapper) for under $6 including shipping.
Modern proofs are extremely common, with little interest. The prices reflect that.
@MarkFeld
That would be fine if it got noticed . Then again. Why bother for 99c
It's like giving it away. I hope pcgs sends my graded ones back soon.i think selling raw is tough> @2ndCharter said:
Ah OK I missed that
All of your links above are to the auction for the set of circulated state quarters.
In any case, that's $12.50 worth of quarters for over $40.
No offense intended - it's a serious question: are you honestly surprised that there are no bidders?
There have been countless threads here on the forum about people dumping rolls and bags of uncirculated state quarters into the Coinstar machine because there is no market for them.
I think I see your problem. You might want to re-think your opening bids.
I found your bicentennial half by looking at your other auctions.
It has a damaged mintmark that you are claiming is an error. You are charging $1 plus $5 shipping. That's a coin worth fifty cents being offered for $6.
I think you were the one who had a similar complaint about a bunch of Liberty V nickels you were trying to sell. People gave a lot of good feedback then.
I took a look at one of your listings: 1972 1C Lincoln Cent high grade Memorial RED
Aside from being listed in the Indian Cents category, the opening bid of $95.00 would seem likely to cause people to move along to another item. If I might ask, how did you come with "$95" as an opening bid?
It's opposite.
Way too many buyers and not enough sellers.
I'm trying to learn,but If there's no interest I need to know if the problem is my coin or the viewership.apparently my D is a not an error, but damaged .im not complaining, I am puttong put feelers ...varietyvista doesn't show everything,so I took a chance to see if it would gather interest. Yes I had the liberty nickles. I did sell them. Hopefully I'll continue to learn enough to be smart enough not to get ripped off..in the case of selling coins as an amateur, i need to beware
Thanks
Ummm... you might want to look at what he's selling.
All of your prices are too high. You've got a 1955 Lincoln worth 3 or 4 cents listed for $6 ($1 +$4.99 shipping). I'll sell you a wholesale roll of then for $7, shipping included.
This circ wheat cents, even the teens aren't worth the opening bid even if you had free shipping. There is no place you could sell any of those items for a fraction of what you are trying to sell them.
You really should study SOLD listings and see what is actually selling and at what prices.
All of your listings are significantly overvalued. The problem is not ebay.
You've got 4 circ wheats (1938, 1939. 1940 and 1941) listed for $16 + 4.99 shipping. That's $21 for 15 cents with of coins. You could buy 4 ROLLS of what cents for $15, shipping included.
You need to study the market and understand value. A heavily circulated 1923 Lincoln for $20 +$4.99 shipping is insane.
PRICE
Is this the etsy seller invasion?
First class shipping for $5 isn't going to be helping much, either.
Especially for a single Lincoln. T
Ebay standard shipping is perfect for that.
Some people do filter out only "free shipping"... cuz they can't do the math and think that either I can magically ship something for free or want to donate money to the post office out of my pocket.
Everything you are selling in incredibly overpriced.
If you get those prices let it happen organically through bids and the bidding process. By starting your auctions with your hope to get final prices... well you are getting no action.
2 1937 Lincolns for Dd$? Why not start those bids at .01? Do you have 10$ in those coins? If so you should evaluate your sourcing skills.
So why are you not getting any bids?
1) overpriced starting bids
2) quality of some of the stuff is ??
3) pricing
NBL
Jason
CAC gold coinage is the exact opposite of your claim. Too few coins available and a lot of buyers. Coins sell within minutes of posting. Best of luck with your items.
Successful BST with drddm, BustDMs, Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
https://www.ebay.com/itm/325203022680?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=AX5S58IRTkK&sssrc=2349624&ssuid=jIkKUc09Q0G&var=&widget_ver=artemis&media=COPY
What are you doing here? Nice bands? 50$ opening bid for piece of 90% silver?
It is hard to take you serious with stuff like this?
Where are you deriving your pricing? Your grading?
When I see something like that on ebay it makes me discount anything else you have posted.
Stuff like this is why you have no sales.
Especially when you can buy this on the same website
https://www.ebay.com/itm/154557468237?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=88WeYQHZQiC&sssrc=2349624&ssuid=I7BWTu72SVS&var=&widget_ver=artemis&media=COPY
Or if you want really nice bands
https://www.ebay.com/itm/275267322441?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=sXdr38ABQN2&sssrc=2349624&ssuid=I7BWTu72SVS&var=&widget_ver=artemis&media=COPY
@jmlanzaf
The Sold listings categories are a joke ...they are inaccuratly described as sold .items are relisted multiple times, etc.
It's like a needle In the haystack. And then ebay wants there fee,so I will review things and try to adjust . Thanks for the tips
@MasonG thank you . The price was based on other like 72s that I found on ebay same type of description and pictures
+1
The sold listings are not a joke. They tell you what things actually sold for. That's the only relevant number. You can list a circ $2 1941 Merc for $50. Find me one that sold for that.
It makes no difference if they were listed multiple times. That is more about visibility and demand. You can find dozens of sales of 1941 Mercury dimes and you will note that there is a price range for each grade level.
If you don't like ebay sold listings, buy a greysheet. You'll find a far more reasonable assessment of value.
If I may ask, how did you arrive at $50 for the 1941 mercury dime?