The #156 sold for $26,000. The highest 69 sold for $34,000. Even with the discount, they are still asking for a $10,000 profit. That would be a very decent flip IMO.
@Goldbully said:
Wow, I just got an offer to purchase a FH Au w/privy coin #156 in an eBay private offer.
Please don't tell anyone since this is a private offer, only for me. 🤫
Edited to add: Looking forward to the value of a PR69DCAM a year from now.
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
SERIOUSLY calls into question the veracity of the reported $50K sale. And, the seller is STILL being a pig, looking for a 50% markup in less than 2 weeks on something that cost $26K, as though they didn't already pay full retail, and as though seller fees are not the seller's problem.
@Goldminers said:
The #156 sold for $26,000. The highest 69 sold for $34,000. Even with the discount, they are still asking for a $10,000 profit. That would be a very decent flip IMO.
Do you know where you can get one cheaper?
Everyone keeps telling me how huge these are going to be. But now we're mocking sellers for thinking this is a hot item...
@Goldbully said:
Wow, I just got an offer to purchase a FH Au w/privy coin #156 in an eBay private offer.
Please don't tell anyone since this is a private offer, only for me. 🤫
Edited to add: Looking forward to the value of a PR69DCAM a year from now.
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
SERIOUSLY calls into question the veracity of the reported $50K sale. And, the seller is STILL being a pig, looking for a 50% markup in less than 2 weeks on something that cost $26K, as though they didn't already pay full retail, and as though seller fees are not the seller's problem.
I just flipped a $21000 comic that I bought in heritage on eBay for $23750. I don't think you can conclude that you can't flip them on eBay. It's just a question of price.
FWIW my total ebay fees on a $38,000 coin are $1100. No better venue.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
CAC Grading data. The silver privy still holding wholesale price guide value at $6,500 for 1,794 privy medals minted. The gold privy has 230 coins minted. The silver has 1,794/230 or 7.8 times more minted than the gold. The gold in PR70 is currently $41,000/$6,500 or 6.3 times the price guide value of the silver. CAC has graded and crossed over 10 of the gold privies and graded 70 of the silver privies; currently a 7:1 ratio.
Of course, this data can, and will be, interpreted or mis-interpreted by a few people all-different ways. I am just showing the numbers as they are currently posted.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
It was the obvious rejoinder to your previous post which again blamed the venue.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
The eBay fees are significantly lower than all the other venues that you mention, especially with a store. The total selling price at auction might be higher elsewhere, but the net to the seller after fees may not be any better at all.
JM keeps reminding you that eBay fees are actually quite low and the current problem for the arbitrageurs is not the venue, but their high asking prices and I agree with him.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
Any avid coin collector and all of us here realize that the coins for your collection are where you find them. If a collector is seeking something that is not common, you can be assured they have their eyes on ebay. It is undeniably one of the top go-to places for coins of any price level. I'm sure you'll keep bagging on ebay but I'll argue all day long that it's just as viable and competitive as any other for high dollar coins. In fact I sold a $17,000 coin last month. Of course having 100% feedback and a high score helps.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
@wondercoin said:
‘’I came back to the show on Day 2 to submit to PCGS, so I settled for First Strike.
If I had submitted the coin on Day 1 after standing in line for over 2 hours, the Population would have been 11, I suppose. ☺️’’
That may (or may not) have been an expensive lesson. We will see.
‘’My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.’’
What’s the profit % when the “2” rated buyer (hypothetically) claims he opened the box and inside was an entirely different coin worth next to nothing and reverses his credit card payment on you (for which there is a high probability the seller loses the case).
I’ve been selling on eBay now for 25+ years and there isn’t a snowball’s chance in h-ll I would ever consider selling a $50,000 coin under current eBay terms and conditions. If others want to take that chance, more power to them!!
Just my 2 cents.
Wondercoin.
Please visit my website at www.wondercoins.com and my ebay auctions under my user name www.wondercoin.com.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
It was the obvious rejoinder to your previous post which again blamed the venue.
And, yes, the price is lower due to the venue being the inappropriate one!
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
The eBay fees are significantly lower than all the other venues that you mention, especially with a store. The total selling price at auction might be higher elsewhere, but the net to the seller after fees may not be any better at all.
JM keeps reminding you that eBay fees are actually quite low and the current problem for the arbitrageurs is not the venue, but their high asking prices and I agree with him.
Which is all well and good. My point is simply that, as a buyer of something this expensive, I'd be far more comfortable dealing with a reputable auction house than with whoever is on the other side of an eBay transaction. Same thing as a seller.
Now, obviously, people can and do engage in high dollar value transactions on eBay. I just don't think it's the right place for something like this, even if your fees as a seller are lower.
You usually get what you pay for. Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one in how many days and counting now?
@wondercoin said:
‘’My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.’’
What’s the profit % when the “2” rated buyer (hypothetically) claims he opened the box and inside was an entirely different coin worth next to nothing and reverses his credit card payment on you (for which there is a high probability the seller loses the case).
I’ve been selling on eBay now for 25+ years and there isn’t a snowball’s chance in h-ll I would ever consider selling a $50,000 coin under current eBay terms and conditions. If others want to take that chance, more power to them!!
Just my 2 cents.
Wondercoin.
This ^^^^ is exactly what I'm talking about!!! Not to say things don't move. Just sayin' it's not the right place, and sellers likely lose a lot more than they make up for with a lower seller fee. Due not only the the occasional fraud, but also to prospective buyers like me sticking to more reputable and established platforms like GC, HA and SB for high value items.
@NJCoin said:
"Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one in how many days and counting now?"
Seriously, does asking $12,250 above their purchase price sound like they are desperately trying to sell? LOL.
If he asked $29,500 it would probably sell within 3 hours, too, and he would still make money, with aforementioned risks.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
The eBay fees are significantly lower than all the other venues that you mention, especially with a store. The total selling price at auction might be higher elsewhere, but the net to the seller after fees may not be any better at all.
JM keeps reminding you that eBay fees are actually quite low and the current problem for the arbitrageurs is not the venue, but their high asking prices and I agree with him.
Which is all well and good. My point is simply that, as a buyer of something this expensive, I'd be far more comfortable dealing with a reputable auction house than with whoever is on the other side of an eBay transaction. Same thing as a seller.
But there's a difference on ebay between random seller with a new account and well established reputable dealers who operate on ebay. There's no reason to avoid sellers with solid records on ebay, and there's plenty of ebay buyer protection.
Now, obviously, people can and do engage in high dollar value transactions on eBay. I just don't think it's the right place for something like this, even if your fees as a seller are lower.
The only other places you suggested are all auction houses. No flipper of these is going to turn around and let one rip at auction. Where else can you expect to RETAIL one of these? There's no place better than ebay.
You usually get what you pay for. Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one with an aggressive markup in how many days and counting now?
There, I fixed it for you. Some things take time to sell no matter what. Almost always the inability to sell something is directly proportional to the price being asked. The fact that these haven't sold just means they're asking too much.
@wondercoin said:
‘’My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.’’
What’s the profit % when the “2” rated buyer (hypothetically) claims he opened the box and inside was an entirely different coin worth next to nothing and reverses his credit card payment on you (for which there is a high probability the seller loses the case).
I’ve been selling on eBay now for 25+ years and there isn’t a snowball’s chance in h-ll I would ever consider selling a $50,000 coin under current eBay terms and conditions. If others want to take that chance, more power to them!!
Just my 2 cents.
Wondercoin.
This ^^^^ is exactly what I'm talking about!!! Not to say things don't move. Just sayin' it's not the right place, and sellers likely lose a lot more than they make up for with a lower seller fee. Due not only the the occasional fraud, but also to prospective buyers like me sticking to more reputable and established platforms like GC, HA and SB for high value items.
Actually, this is the OPPOSITE of what you are saying. You're saying that the BUYER wouldn't want to do the deal. Wondercoin is saying that the SELLER wouldn't want to do the deal.
@wondercoin said:
‘’My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.’’
What’s the profit % when the “2” rated buyer (hypothetically) claims he opened the box and inside was an entirely different coin worth next to nothing and reverses his credit card payment on you (for which there is a high probability the seller loses the case).
I’ve been selling on eBay now for 25+ years and there isn’t a snowball’s chance in h-ll I would ever consider selling a $50,000 coin under current eBay terms and conditions. If others want to take that chance, more power to them!!
Just my 2 cents.
Wondercoin.
This ^^^^ is exactly what I'm talking about!!! Not to say things don't move. Just sayin' it's not the right place, and sellers likely lose a lot more than they make up for with a lower seller fee. Due not only the the occasional fraud, but also to prospective buyers like me sticking to more reputable and established platforms like GC, HA and SB for high value items.
Actually, this is the OPPOSITE of what you are saying. You're saying that the BUYER wouldn't want to do the deal. Wondercoin is saying that the SELLER wouldn't want to do the deal.
Actually I already, very clearly, said I wouldn't do it on eBay on either side.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
The eBay fees are significantly lower than all the other venues that you mention, especially with a store. The total selling price at auction might be higher elsewhere, but the net to the seller after fees may not be any better at all.
JM keeps reminding you that eBay fees are actually quite low and the current problem for the arbitrageurs is not the venue, but their high asking prices and I agree with him.
Which is all well and good. My point is simply that, as a buyer of something this expensive, I'd be far more comfortable dealing with a reputable auction house than with whoever is on the other side of an eBay transaction. Same thing as a seller.
Now, obviously, people can and do engage in high dollar value transactions on eBay. I just don't think it's the right place for something like this, even if your fees as a seller are lower.
You usually get what you pay for. Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one in how many days and counting now?
@wondercoin said:
‘’My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.’’
What’s the profit % when the “2” rated buyer (hypothetically) claims he opened the box and inside was an entirely different coin worth next to nothing and reverses his credit card payment on you (for which there is a high probability the seller loses the case).
I’ve been selling on eBay now for 25+ years and there isn’t a snowball’s chance in h-ll I would ever consider selling a $50,000 coin under current eBay terms and conditions. If others want to take that chance, more power to them!!
Just my 2 cents.
Wondercoin.
This ^^^^ is exactly what I'm talking about!!! Not to say things don't move. Just sayin' it's not the right place, and sellers likely lose a lot more than they make up for with a lower seller fee. Due not only the the occasional fraud, but also to prospective buyers like me sticking to more reputable and established platforms like GC, HA and SB for high value items.
Actually, this is the OPPOSITE of what you are saying. You're saying that the BUYER wouldn't want to do the deal. Wondercoin is saying that the SELLER wouldn't want to do the deal.
Actually I already, very clearly, said I wouldn't do it on eBay on either side.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
The eBay fees are significantly lower than all the other venues that you mention, especially with a store. The total selling price at auction might be higher elsewhere, but the net to the seller after fees may not be any better at all.
JM keeps reminding you that eBay fees are actually quite low and the current problem for the arbitrageurs is not the venue, but their high asking prices and I agree with him.
Which is all well and good. My point is simply that, as a buyer of something this expensive, I'd be far more comfortable dealing with a reputable auction house than with whoever is on the other side of an eBay transaction. Same thing as a seller.
Now, obviously, people can and do engage in high dollar value transactions on eBay. I just don't think it's the right place for something like this, even if your fees as a seller are lower.
You usually get what you pay for. Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one in how many days and counting now?
I reach out to prospective buyers every day. So does Heritage, Stacks, GC and just about every major coin seller. It's about sales not desperation.
@wondercoin said:
‘’My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.’’
What’s the profit % when the “2” rated buyer (hypothetically) claims he opened the box and inside was an entirely different coin worth next to nothing and reverses his credit card payment on you (for which there is a high probability the seller loses the case).
I’ve been selling on eBay now for 25+ years and there isn’t a snowball’s chance in h-ll I would ever consider selling a $50,000 coin under current eBay terms and conditions. If others want to take that chance, more power to them!!
Just my 2 cents.
Wondercoin.
This ^^^^ is exactly what I'm talking about!!! Not to say things don't move. Just sayin' it's not the right place, and sellers likely lose a lot more than they make up for with a lower seller fee. Due not only the the occasional fraud, but also to prospective buyers like me sticking to more reputable and established platforms like GC, HA and SB for high value items.
Actually, this is the OPPOSITE of what you are saying. You're saying that the BUYER wouldn't want to do the deal. Wondercoin is saying that the SELLER wouldn't want to do the deal.
Actually I already, very clearly, said I wouldn't do it on eBay on either side.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
The eBay fees are significantly lower than all the other venues that you mention, especially with a store. The total selling price at auction might be higher elsewhere, but the net to the seller after fees may not be any better at all.
JM keeps reminding you that eBay fees are actually quite low and the current problem for the arbitrageurs is not the venue, but their high asking prices and I agree with him.
Which is all well and good. My point is simply that, as a buyer of something this expensive, I'd be far more comfortable dealing with a reputable auction house than with whoever is on the other side of an eBay transaction. Same thing as a seller.
Now, obviously, people can and do engage in high dollar value transactions on eBay. I just don't think it's the right place for something like this, even if your fees as a seller are lower.
You usually get what you pay for. Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one in how many days and counting now?
I reach out to prospective buyers every day. So does Heritage, Stacks, GC and just about every major coin seller. It's about sales not desperation.
If you say so. I've never received a message from you, and communications I've received from the major auction houses have been solicitations to give them consignments, not to buy, so I don't know for sure whether or not your or their communications are "desperate." But I do know that this one is:
@wondercoin said:
‘’My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.’’
What’s the profit % when the “2” rated buyer (hypothetically) claims he opened the box and inside was an entirely different coin worth next to nothing and reverses his credit card payment on you (for which there is a high probability the seller loses the case).
I’ve been selling on eBay now for 25+ years and there isn’t a snowball’s chance in h-ll I would ever consider selling a $50,000 coin under current eBay terms and conditions. If others want to take that chance, more power to them!!
Just my 2 cents.
Wondercoin.
This ^^^^ is exactly what I'm talking about!!! Not to say things don't move. Just sayin' it's not the right place, and sellers likely lose a lot more than they make up for with a lower seller fee. Due not only the the occasional fraud, but also to prospective buyers like me sticking to more reputable and established platforms like GC, HA and SB for high value items.
Actually, this is the OPPOSITE of what you are saying. You're saying that the BUYER wouldn't want to do the deal. Wondercoin is saying that the SELLER wouldn't want to do the deal.
Actually I already, very clearly, said I wouldn't do it on eBay on either side.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
The eBay fees are significantly lower than all the other venues that you mention, especially with a store. The total selling price at auction might be higher elsewhere, but the net to the seller after fees may not be any better at all.
JM keeps reminding you that eBay fees are actually quite low and the current problem for the arbitrageurs is not the venue, but their high asking prices and I agree with him.
Which is all well and good. My point is simply that, as a buyer of something this expensive, I'd be far more comfortable dealing with a reputable auction house than with whoever is on the other side of an eBay transaction. Same thing as a seller.
Now, obviously, people can and do engage in high dollar value transactions on eBay. I just don't think it's the right place for something like this, even if your fees as a seller are lower.
You usually get what you pay for. Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one in how many days and counting now?
I reach out to prospective buyers every day. So does Heritage, Stacks, GC and just about every major coin seller. It's about sales not desperation.
If you say so. I've never received a message from you, and communications I've received from the major auction houses have been solicitations to give them consignments, not to buy, so I don't know for sure whether or not your or their communications are "desperate." But I do know that this one is:
FVF on something like that is around $1200ish first of all. Second of all, they have no feedback at all over the past year, never heard of “pine tree numismatics”. I’d be surprised if they even have the coin in hand, or if they’re just trying to find a buyer first and source the coin afterwards.
@wondercoin said:
‘’My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.’’
What’s the profit % when the “2” rated buyer (hypothetically) claims he opened the box and inside was an entirely different coin worth next to nothing and reverses his credit card payment on you (for which there is a high probability the seller loses the case).
I’ve been selling on eBay now for 25+ years and there isn’t a snowball’s chance in h-ll I would ever consider selling a $50,000 coin under current eBay terms and conditions. If others want to take that chance, more power to them!!
Just my 2 cents.
Wondercoin.
This ^^^^ is exactly what I'm talking about!!! Not to say things don't move. Just sayin' it's not the right place, and sellers likely lose a lot more than they make up for with a lower seller fee. Due not only the the occasional fraud, but also to prospective buyers like me sticking to more reputable and established platforms like GC, HA and SB for high value items.
Actually, this is the OPPOSITE of what you are saying. You're saying that the BUYER wouldn't want to do the deal. Wondercoin is saying that the SELLER wouldn't want to do the deal.
Actually I already, very clearly, said I wouldn't do it on eBay on either side.
@NJCoin said:
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
The eBay fees are significantly lower than all the other venues that you mention, especially with a store. The total selling price at auction might be higher elsewhere, but the net to the seller after fees may not be any better at all.
JM keeps reminding you that eBay fees are actually quite low and the current problem for the arbitrageurs is not the venue, but their high asking prices and I agree with him.
Which is all well and good. My point is simply that, as a buyer of something this expensive, I'd be far more comfortable dealing with a reputable auction house than with whoever is on the other side of an eBay transaction. Same thing as a seller.
Now, obviously, people can and do engage in high dollar value transactions on eBay. I just don't think it's the right place for something like this, even if your fees as a seller are lower.
You usually get what you pay for. Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one in how many days and counting now?
I reach out to prospective buyers every day. So does Heritage, Stacks, GC and just about every major coin seller. It's about sales not desperation.
If you say so. I've never received a message from you, and communications I've received from the major auction houses have been solicitations to give them consignments, not to buy, so I don't know for sure whether or not your or their communications are "desperate." But I do know that this one is:
You are clearly not an active buyer. I get emails from Heritage, Stacks and GC every week showing me coins that i "might be interested in".
I can't send random people offers their eBay but I can send offers to people watching my coins or, sometimes, looking at my coins. And I do.
Comments
The #156 sold for $26,000. The highest 69 sold for $34,000. Even with the discount, they are still asking for a $10,000 profit. That would be a very decent flip IMO.
My US Mint Commemorative Medal Set
There you go! As suspected, regardless of what the actual value is, eBay is NOT the venue for a profitable quick flip of something like this procured from some place like SB.
SERIOUSLY calls into question the veracity of the reported $50K sale. And, the seller is STILL being a pig, looking for a 50% markup in less than 2 weeks on something that cost $26K, as though they didn't already pay full retail, and as though seller fees are not the seller's problem.
Do you know where you can get one cheaper?
Everyone keeps telling me how huge these are going to be. But now we're mocking sellers for thinking this is a hot item...
I just flipped a $21000 comic that I bought in heritage on eBay for $23750. I don't think you can conclude that you can't flip them on eBay. It's just a question of price.
FWIW my total ebay fees on a $38,000 coin are $1100. No better venue.
What venue would be? It's probably the place with the widest reach and publicity you can find. The ebay listings are very likely to come up in Google search results. How many dealers are active acquiring inventory on ebay or check ebay for coins to place with their customers? Probably tons. How many listings have been taken down and due to an off-site deal?
GC. HA. SB. With all due respect to @jmlanzaf, I'd never trust eBay with a 5 figure transaction, either as a buyer or a seller, given all the sketchy things that seem to take place there on a regular basis.
Obviously, YMMV. But SB is certainly not "the place with the widest reach and publicity you can find." And yet, to the great shock and amazement of several of our esteemed members, they managed to move 230 nearly identical items for the US Mint in a few short hours, grossing $8.23 Million.
If eBay was the ideal venue for these, why do you think the Mint didn't just dribble them out, either all at once or a few at time, on eBay? Probably because their net would have been a lot closer to the $6-12K each many of the experts here predicted if they had done so.
People thinking they were emulating what @jmlanzaf did with his comic book by scooping these up at $25-35K each on SB, thinking they were pulling off a "retail arbitrage," are about to learn the hard way that there is no such thing with such an expensive, widely publicized sale. People who wanted them knew just where to find them on December 12th.
Absolutely no one needs to pay a 50%+ markup to buy them a few weeks later at "the place with the widest reach and publicity you can find." Sure, eBay is very well known and widely available to anyone with an internet connection. So is Walmart, but Walmart is not the place most people think of when thinking of making mid 5 figure purchases. Which is probably why most luxury consumer goods are not sold through them, despite their wide footprint in the US.
CAC Grading data. The silver privy still holding wholesale price guide value at $6,500 for 1,794 privy medals minted. The gold privy has 230 coins minted. The silver has 1,794/230 or 7.8 times more minted than the gold. The gold in PR70 is currently $41,000/$6,500 or 6.3 times the price guide value of the silver. CAC has graded and crossed over 10 of the gold privies and graded 70 of the silver privies; currently a 7:1 ratio.
Of course, this data can, and will be, interpreted or mis-interpreted by a few people all-different ways. I am just showing the numbers as they are currently posted.
My US Mint Commemorative Medal Set
Regardless of your preferences, lots of 5 figure coins sell on eBay all the time.
Understood. Which is why I prefaced my post by saying "with all due respect" to you.
If that holds true in this case, the seller soliciting @Goldbully should be getting slammed with acceptances, given how modestly they are now pricing their offer above the highest result achieved in the SB auction, after taking into account their seller fees and the fact that the Mint will never be auctioning 230 of these at one time and one place ever again. Since lots of 5 figure coins sell on eBay all the time.
I'm not sure that's the right price. Failure to have an offer accepted is usually about the price not the fact that the coin is on eBay... at any $ value.
Of course. Thanks for stating the obvious. The fact is that the seller paid $26K for the coin at SB, and will probably be lucky to get that, after fees, on eBay, while other 69s went for more at SB.
You do love to argue, and I am always thrilled to engage. If eBay was the right venue for items like this, there would be no GC, let alone HA or SB. It's ALWAYS about price. If you can get a higher price on one venue versus another, that's what makes it about the venue.
You can, should and will do you. Me too. I happen to think eBay is too sketchy to trust 5 figure transactions to, whereas I don't feel the same way about GC, HA or SB.
While there is obviously a market on eBay for expensive items, I doubt that I am alone in my feelings. If true, that makes eBay a less than ideal venue for things like this. Which is but one reason the retail arbitrageurs are having a difficult time with these.
It was the obvious rejoinder to your previous post which again blamed the venue.
My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.
The eBay fees are significantly lower than all the other venues that you mention, especially with a store. The total selling price at auction might be higher elsewhere, but the net to the seller after fees may not be any better at all.
JM keeps reminding you that eBay fees are actually quite low and the current problem for the arbitrageurs is not the venue, but their high asking prices and I agree with him.
My US Mint Commemorative Medal Set
Any avid coin collector and all of us here realize that the coins for your collection are where you find them. If a collector is seeking something that is not common, you can be assured they have their eyes on ebay. It is undeniably one of the top go-to places for coins of any price level. I'm sure you'll keep bagging on ebay but I'll argue all day long that it's just as viable and competitive as any other for high dollar coins. In fact I sold a $17,000 coin last month. Of course having 100% feedback and a high score helps.
I think so too.
5 days to go..............
Current bid: $4,751
GC Link
‘’My guess is if the seller asked $33,000 or $34,000 BIN, they would sell it on eBay just fine and make a nice profit.’’
What’s the profit % when the “2” rated buyer (hypothetically) claims he opened the box and inside was an entirely different coin worth next to nothing and reverses his credit card payment on you (for which there is a high probability the seller loses the case).
I’ve been selling on eBay now for 25+ years and there isn’t a snowball’s chance in h-ll I would ever consider selling a $50,000 coin under current eBay terms and conditions. If others want to take that chance, more power to them!!
Just my 2 cents.
Wondercoin.
And, yes, the price is lower due to the venue being the inappropriate one!
Which is all well and good. My point is simply that, as a buyer of something this expensive, I'd be far more comfortable dealing with a reputable auction house than with whoever is on the other side of an eBay transaction. Same thing as a seller.
Now, obviously, people can and do engage in high dollar value transactions on eBay. I just don't think it's the right place for something like this, even if your fees as a seller are lower.
You usually get what you pay for. Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one in how many days and counting now?
This ^^^^ is exactly what I'm talking about!!! Not to say things don't move. Just sayin' it's not the right place, and sellers likely lose a lot more than they make up for with a lower seller fee. Due not only the the occasional fraud, but also to prospective buyers like me sticking to more reputable and established platforms like GC, HA and SB for high value items.
@NJCoin said:
"Sellers desperately reaching out to prospective buyers only proves my point. The Mint had no problem moving 230 units in less than 3 hours. This seller can't move one in how many days and counting now?"
Seriously, does asking $12,250 above their purchase price sound like they are desperately trying to sell? LOL.
If he asked $29,500 it would probably sell within 3 hours, too, and he would still make money, with aforementioned risks.
My US Mint Commemorative Medal Set
But there's a difference on ebay between random seller with a new account and well established reputable dealers who operate on ebay. There's no reason to avoid sellers with solid records on ebay, and there's plenty of ebay buyer protection.
The only other places you suggested are all auction houses. No flipper of these is going to turn around and let one rip at auction. Where else can you expect to RETAIL one of these? There's no place better than ebay.
There, I fixed it for you. Some things take time to sell no matter what. Almost always the inability to sell something is directly proportional to the price being asked. The fact that these haven't sold just means they're asking too much.
I wait to see what these Gold PRIVEY's bring early next year.
Actually, this is the OPPOSITE of what you are saying. You're saying that the BUYER wouldn't want to do the deal. Wondercoin is saying that the SELLER wouldn't want to do the deal.
Actually I already, very clearly, said I wouldn't do it on eBay on either side.
NJcoin and Jmlanzaf should get a room.
did the non-privy keep going up like the privy?
I don't think either one of them has kept going up...
I reach out to prospective buyers every day. So does Heritage, Stacks, GC and just about every major coin seller. It's about sales not desperation.
If you say so. I've never received a message from you, and communications I've received from the major auction houses have been solicitations to give them consignments, not to buy, so I don't know for sure whether or not your or their communications are "desperate." But I do know that this one is:
FVF on something like that is around $1200ish first of all. Second of all, they have no feedback at all over the past year, never heard of “pine tree numismatics”. I’d be surprised if they even have the coin in hand, or if they’re just trying to find a buyer first and source the coin afterwards.
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You are clearly not an active buyer. I get emails from Heritage, Stacks and GC every week showing me coins that i "might be interested in".
I can't send random people offers their eBay but I can send offers to people watching my coins or, sometimes, looking at my coins. And I do.
Here's this week's "desperate offers"