Ebay prices as gospel?

The guy is just looking for a rump ride

"Ian" wrote in message
. uk...
Dale Hallmark wrote:
"Ian" wrote in message
. uk...
Mr. Jaggers wrote:
While visiting a coin shop this past weekend, I pulled a coin out of
the dealer's foreign coin offerings, priced at $250.00. Krause lists
the coin at $85.00. When I asked the dealer how he arrived at his
price, the reply was "I based it on what they're bringing on eBay."

I'm interested in what anyone else has to say regarding this.

Mr. Jaggers
What coin was it? Sometimes krause is way out of sync with the market.
There is a `fashion' in coin collecting with various countries being
`fashionable' to collect while countries which were fashionable a few
years ago now suffer the doldrums in terms of pricing.

Without knowing what the coin is it could be the dealer just trying to
get lucky at the expense of a greenhorn furrin coyn collektur. ;-)


Some countries are `fashionable' to collect?
What's hot this Spring ? :-)

Dale
It's just my observations Dale but as far as i can see, i'm right (as
always) ;-)

Just now `Russia' seems to be fashionable with collectors. Portuguese
India most certainly is. Prices for Port India have generally been well in
excess of KM for the past few years too.

Netherlands coinage used to be popular. Get hold of a few old KM's and
have a look at what some of the 2 1/2 cents used to sell for in comparison
to now and you'll see exactly what I mean. Similarly with Swedish coinage
and (to a degree) Australian. Australian prices seemed to drop back a few
years ago but they seem to be on the move again.

So yes....it does appear that some countries become fashionable to collect
...and usually at the expense of yesterdays stars. :-)

Ian
`strike a pose'



As long as Austria doesn't become fashionable for a couple more years :-)
And of course I agree with your assertion that you are right.

And you know I am right about that. (I always am) ;-)
If we ever disagree that will be the end of the universe as we know it I am
sure

Dale
such a paradox that would be

"Ian" wrote in message
. uk...
Mr. Jaggers wrote:
While visiting a coin shop this past weekend, I pulled a coin out of the
dealer's foreign coin offerings, priced at $250.00. Krause lists the
coin at $85.00. When I asked the dealer how he arrived at his price, the
reply was "I based it on what they're bringing on eBay."

I'm interested in what anyone else has to say regarding this.

Mr. Jaggers
What coin was it? Sometimes krause is way out of sync with the market.
There is a `fashion' in coin collecting with various countries being
`fashionable' to collect while countries which were fashionable a few
years ago now suffer the doldrums in terms of pricing.

Without knowing what the coin is it could be the dealer just trying to get
lucky at the expense of a greenhorn furrin coyn collektur. ;-)


Ionian Islands KM-32 1 obol 1819 XF

Mr. Jaggers

Mr. Jaggers wrote:
"Ian" wrote in message
. uk...
Mr. Jaggers wrote:
While visiting a coin shop this past weekend, I pulled a coin out of the
dealer's foreign coin offerings, priced at $250.00. Krause lists the
coin at $85.00. When I asked the dealer how he arrived at his price, the
reply was "I based it on what they're bringing on eBay."

I'm interested in what anyone else has to say regarding this.

Mr. Jaggers
What coin was it? Sometimes krause is way out of sync with the market.
There is a `fashion' in coin collecting with various countries being
`fashionable' to collect while countries which were fashionable a few
years ago now suffer the doldrums in terms of pricing.

Without knowing what the coin is it could be the dealer just trying to get
lucky at the expense of a greenhorn furrin coyn collektur. ;-)


Ionian Islands KM-32 1 obol 1819 XF

Mr. Jaggers


That coin is definitely difficult to come by these days, especially in
high grade, but IMHO it's not such a rarity to make it worth the figure
he is asking.... unless of course it is just a twinkle in the eye away
from being Unc. (or better!)

Ian

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...

"Ian" wrote in message
. uk...
Mr. Jaggers wrote:
While visiting a coin shop this past weekend, I pulled a coin out of
the
dealer's foreign coin offerings, priced at $250.00. Krause lists the
coin at $85.00. When I asked the dealer how he arrived at his price,
the
reply was "I based it on what they're bringing on eBay."

I'm interested in what anyone else has to say regarding this.

Mr. Jaggers
What coin was it? Sometimes krause is way out of sync with the market.
There is a `fashion' in coin collecting with various countries being
`fashionable' to collect while countries which were fashionable a few
years ago now suffer the doldrums in terms of pricing.

Without knowing what the coin is it could be the dealer just trying to
get
lucky at the expense of a greenhorn furrin coyn collektur. ;-)


Ionian Islands KM-32 1 obol 1819 XF

Mr. Jaggers

That is just a load of BS. You can't even find one of those in the completed
auction listings. I would wager that dealer would have to have been checking
completed autions for a few years before even one showed up.
Tell them you did your own checking an there were many examples of this coin
on Ebay that sold for less than $85.
;-)

On Mon, 6 Feb 2006 13:56:16 -0600, "Mr. Jaggers"
lugburzman[at]yahoo[dot]com wrote:

While visiting a coin shop this past weekend, I pulled a coin out of the
dealer's foreign coin offerings, priced at $250.00. Krause lists the coin
at $85.00. When I asked the dealer how he arrived at his price, the reply
was "I based it on what they're bringing on eBay."

I'm interested in what anyone else has to say regarding this.

Mr. Jaggers


Based on eBay prices, the WWJ Peace Nickels should be worth about a
Buck apiece. I doubt my local coin dealer would pay me that.

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote in message
...
While visiting a coin shop this past weekend, I pulled a coin out of the
dealer's foreign coin offerings, priced at $250.00. Krause lists the coin
at $85.00. When I asked the dealer how he arrived at his price, the reply
was "I based it on what they're bringing on eBay."

I'm interested in what anyone else has to say regarding this.

Mr. Jaggers


No one source should be accepted as the definitive price guide be it
dealer's lists, live auctions or ebay.

I've seen Scottish banknotes sell for more at a live auction than they can
be had from dealers, which value is correct?

The dealer price because they are professions and study the market? Some UK
note dealers are considered to constantly pitch their prices too high but
they are still in business so maybe their prices are not so high after all?
They can also make pricing errors and very occasionally a bargain can be
had, if they fail to recognise a rare variety for example..

The auction price as auctions allow an item to attain its true value?
Anyone that has attended a live auction will have seen "bidding fever" in
action and this can result in a strangely high price that no dealer could
get.

A collectable is worth what it sells for and not necessarily the sellers
asking price.

If an ebay buyers wins every auction they bid on then they are probably
paying too much, would a 50/50 split between success and failure indicate a
level headed bidder? Billy

"Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:

I'm interested in what anyone else has to say regarding this.

I'm so boring. I say, "Sorry, I'm not interested at that
price."

The hammer price at eBay can be a good indicator of fair market
value, but only when there's sufficient interest in what's being
sold. For thinly traded items, an eBay transaction is frequently
luck of the draw, based on who's looking for the item on a given
day.

If an eBay hammer price seems too high, just assume that someone
wanted it more than you and move on.

Unfortunately, for such thinly traded items price guides aren't
much better.

--
Michael Benveniste --
Spam and UCE professionally evaluated for $250. Use this email
address only to submit mail for evaluation.

"stonej" wrote in message
oups.com...
No price source is "gospel". Ideally you should have
a number of sources for prices and try to come to
some kind of an average price.


I find it interesting that CW and NN have dealers contribute to the
price trend information. Wouldn't you
think could be a possible conflict of interest?

Sure, but it's hard to imagine anyone making up a price guide
dispassionately. If dealers are not involved, who will be?

Mr. Jaggers

"Scott Stevenson" wrote in message
...
On Mon, 6 Feb 2006 13:56:16 -0600, "Mr. Jaggers"
lugburzman[at]yahoo[dot]com wrote:

While visiting a coin shop this past weekend, I pulled a coin out of the
dealer's foreign coin offerings, priced at $250.00. Krause lists the coin
at $85.00. When I asked the dealer how he arrived at his price, the reply
was "I based it on what they're bringing on eBay."

I'm interested in what anyone else has to say regarding this.

"Then why aren't you selling it on eBay for that price?"

"Great! I've got one at home in the same condition. I take it
you'll buy it for about $200..."

Obviously, I'm throwing the b***s*** flag on this guy.

take care,
Scott

Those retorts occurred to me, but went undelivered.

Mr. Jaggers