I'm pissed

GoldenEyeNumismatics · March 25, 2007 2:33PM

I've had a lousy weekend for selling stuff on ebay.

All the certified coins I sold (which I should mention were all PCGS OGH) sold below greysheet bid, including a 1941 Walker PCGS MS65 that sold for $89. GRRRRR!!!!! Numismatic rage!

For those of you windering my ebay ID is 21212

alright, let me set the record straight... everyone has been telling me that $10.70 is excessive for shipping. Ultimately, I made a mistake on the shipping fee for this auction, and when I sen tht einvoice to the winner I corrected it. it is $5.50 for s/h then 2.20 for insurance. I had it set on 5.20 from a previous auction, and forgot to change it

Rob85635 · March 25, 2007 2:35PM

Err, umm... uh... What is your ebay id?? I need to add you to my favorites.

Rob the Newbie

cullenbryant · March 25, 2007 2:39PM

sorry things didn't work out. keep you head up.

Zoins · March 25, 2007 2:42PM

Did you promote your auctions on the BST forum here and/or ATS?

p8nt · March 25, 2007 2:45PM

Many forum members and respected numismatists have felt that gem Walking Liberty halves are selling at inflated prices. Could this be a minor correction in the making?

badger · March 25, 2007 2:45PM

I had a reasonable Sunday. I am always amazed at what sells and what goes unsold. I have learned to set minimums to protect myself.

EBayers seem keen on <$100 coins right now.

Badger

Type2 · March 25, 2007 2:45PM

The buyers were not out tonight licking my wounds to.

airplanenut · March 25, 2007 2:47PM

Can we see your listings?

BlindTiger · March 25, 2007 2:50PM

Yes, I am new here......and to numismatics..........but I asked my local coin shop for a AU liberty.....He sold me at $15, AND ITS MS 60.....but i dont sell my treasures......

droopyd · March 25, 2007 2:50PM

I was going to list a few things to end this weekend but then I remembered the NCAAs -- that may have had something to do with weak sales.

Coxe · March 25, 2007 2:51PM

Sorry to hear that. I have had ups and downs there and elsewhere too. Hope your next sales are more positive.

lasvegasteddy · March 25, 2007 2:53PM

how about the good weekend sales?
it's nice to see people get bargins as well as getting bargins too or is it just me?

notwilight · March 25, 2007 2:57PM

I had a not-too-pretty but quite natural looking toned MS62 OGH columbian half sell for less than I paid for it but otherwise did ok...a forum member almost scooped it up but apparently got distracted. I think the buyer should be very happy. --Jerry

CarlWohlforth · March 25, 2007 3:02PM

I'm not pissed. I had a great night on eBay. The majority of coins I had sold for more than I expected. The few that did less than expected did not bring the total below my estimate.

I am sorry your '41 Walker in 65 did less than $90. Personally I like gem Walkers...

NumisOxide · March 25, 2007 3:05PM

Had a bad week with Ebay, sold a huge coin LOT last week and had my first NPB(non paying bidder). Actually, the guy now has 6 negs because he screwed other sellers last week too.

airplanenut · March 25, 2007 3:13PM

I think this is the walker auction

Here are my comments:

1- $10.70 shipping is excessive, ESPECIALLY for first class mail. With shipping like that, I hesitate to bid at all, if for no other reason, because if the coin has a problem, I lose a lot on a return.
2- The pictures show what's a nice coin, but don't really give any reason to assume 66 or 67. They could be larger and certainly better show of the lustre and clean fields. Nothing screams PQ, especially when I see a spot and fingerprint on the reverse.

As it is, the last three at Heritage (PCGS MS65) went for $98, $86, and $109... not much deviation from yours after shipping is included. I think you'd do much better to spruce up your listing, but I also don't think the coin is too far off from what it's going for elsewhere...

Jeremy

TwoSides2aCoin · March 25, 2007 3:13PM

It's a slaughterhouse on ebay, brother.

Bochiman · March 25, 2007 3:14PM

People are starting to get their tax bills and prepping to pay them (I know I was....it was almost $5000 before I found a missing doc that will adjust that downward ... "WHEW!").

So, my discretionary income is a bit on hold until I see the final on that (combined with a trip to Mexico coming up, then Las Vegas, etc). So, may not be the best time for some items selling.....

TwoSides2aCoin · March 25, 2007 3:18PM

18 bids brought the frankie up to $8.27 .... add $2.25 for S&H and the buyer got a good coin

I am not mad, I'm hurt

Goldbully · March 25, 2007 3:34PM

<< <i>Yes, I am new here......and to numismatics..........but I asked my local coin shop for a AU liberty.....He sold me at $15, AND ITS MS 60.....but i dont sell my treasures...... >>

....BlindTiger

Watch out for these highly-sighted forum dudes.......they don't miss a thing when it comes to scrutinizing your pocket change!!!!!!

Welcome and enjoy the forum!!!!!!!

pf70collector · March 25, 2007 8:45PM

I believe a reason is a lot of ebayers could not access their watch list Sunday evening from around 8-9 PM EST. I just posted a thread about this.

garsmith · March 26, 2007 12:26AM

<<I'm pissed>>

it's beter to get piss off than pissed on

tahoe98 · March 26, 2007 3:49AM

you may have done better at a yard sale!

Connecticoin · March 26, 2007 4:11AM

<< <i>The pictures show what's a nice coin, but don't really give any reason to assume 66 or 67. They could be larger and certainly better show of the lustre and clean fields. Nothing screams PQ, especially when I see a spot and fingerprint on the reverse. >>

Agreed. That's a nasty looking spot on the reverse -- probably did well to get $90. Bidders are now very wary of overhyping of the OGHs, as most of the truly undergraded ones have been cracked. And I am sure the $11 shipping turned off a lot of bidders.

PonyExpress8 · March 26, 2007 4:31AM

Short set Gem Walkers are very plentiful and far from rare for most of the short set date period. I think as was pointed out earlier you received about what the market is now and has been for several months.

The Graysheet folks are not always that accurate when it comes to some series or coins, and at times make some changes that just don't have a lot of basis in actual sales results. The GS is only a price guide period. Generic Walkers and Morgans in actual sales almost always bring less than Bid in my experience at shows as well as even Ebay as they just aren't rare at all. If I happen to auction off a generic such as that anything I get at bid or better is acceptable and within range.

That said a nice looking auction page with reasonable shipping charges as Jeremy commented about does help as well.

It's about paying the right price for the right coin, putting the time into a listing to make it stand out just a bit, and hoping everything technologically goes ok as well.

There are a lot of things which can be less than optimal once in awhile. I hope your results are better for you in the future. Good luck.

roadrunner · March 26, 2007 7:40AM

I participated in a couple of auctions Sunday night that included draped bust and capped bust halves. Some very nice pieces too.
An 1803 in XF40 looked to be nicer. Turned out that 2 of the halves were out of the Heritage 2007 FUN auction and brought about 5-10% less than what they realized there.

roadrunner

mach19 · March 26, 2007 7:54AM

<< <i>how about the good weekend sales?
it's nice to see people get bargins as well as getting bargins too or is it just me? >>

Started to dump some ASE sets, 320-330 each set plus shipping

291fifth · March 26, 2007 8:10AM

<< <i>I think this is the walker auction

Here are my comments:

1- $10.70 shipping is excessive, ESPECIALLY for first class mail. With shipping like that, I hesitate to bid at all, if for no other reason, because if the coin has a problem, I lose a lot on a return.
2- The pictures show what's a nice coin, but don't really give any reason to assume 66 or 67. They could be larger and certainly better show of the lustre and clean fields. Nothing screams PQ, especially when I see a spot and fingerprint on the reverse.

As it is, the last three at Heritage (PCGS MS65) went for $98, $86, and $109... not much deviation from yours after shipping is included. I think you'd do much better to spruce up your listing, but I also don't think the coin is too far off from what it's going for elsewhere...

Jeremy >>

To add my two cents to Jeremy's comments:

1. The shipping charge is way out of line. Bidders see excessive shipping charges and run for the exit.

2. The photos are terrible. You need three photos, all of which need to have the correct color balance:
a. Full slab to show that it is a PCGS coin.
b. Close-up of the obverse against a neutral background. Try buying a photo gray card and putting it under the slab.
c. Close-up of the reverse.

To my eye, the coin looks overgraded. I don't want to see spots on coins with 65 grades in PCGS holders.

As I mentioned in a thread I posted yesterday, MS Walking Liberty halves seem to be flooding the market. I went to a local show yesterday and saw plenty of them. If Sunday bourse dealers have loads of them you know they must be very common. Someone mentioned that the Omaha bank hoard may be having an effect on the market.

BECOKA · March 26, 2007 8:15AM

Aside from all of the work it takes to build a nice looking auction. Right now for the most part seems to be a slow time on e-bay for coins. People are getting some real bargains.

lsica · March 26, 2007 8:55AM

From the fine print on his auction

"We charge $5.50 plus delivery confirmation and insurance on auctions closing above $100."

Based on his shipping price, I'm thinking he expected the coin to fetch $200.01+. Since it didn't, paying $10.70 to ship a $100 (or so) coin seems excessive. If it had gone past $200, then the shipping fee including insurance wouldn't seems so bad.

GoldenEyeNumismatics · March 26, 2007 10:50AM

I'm pissed

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