Ebay prices as gospel?

Reclining Buddha wrote in message
...
On Mon, 06 Feb 2006 20:34:27 GMT,
(Scott Stevenson) wrote:

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

Yeah, that's what I usually hear right before the dealer sails over
the case and gives you a free tooth loosening.

....and I need all the teeth I can get.

Mr. Jaggers

"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

I've often wondered if these fashion trends are dependent upon the demands
of a large number of collectors, or upon just a couple who suddenly emerge
as contenders. In other words, if a guy goes into a shop and buys all the
coins from, say, the Faeroe Islands, and another guy comes in right
afterward and asks for coins from there, does the dealer then conclude that
Faeroe Islands is "hot" and jack up the prices of the next ones he gets?

Mr. Jaggers

"Ian" wrote in message
k...
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

Not even close.

Mr. Jaggers

"bri" wrote in message
ink.net...

"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.
;-)


I actually did watch for appearances of this coin for over a year on eBay
and saw a few of them, but they were all lesser grade coins. They sold at
catalog or perhaps a bit more, but not 3X.

Mr. Jaggers

"Dave Hinz" wrote in message
...
On Mon, 6 Feb 2006 13:56:16 -0600, Mr. Jaggers lugburzman 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."

"show me the auction"

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

Sounds like bull**** to me.


I'm not in a position to come to that conclusion - yet.

Mr. Jaggers

Reclining Buddha 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.

Mr. Jaggers


So, how much ARE they going for on eBay?

You do know that Krause doesn't buy or sell coins, right? They are a
guide to what a small group of people valued the coin at about six
months to a year before publication.

Yes, I do know that. I'm a contributor, albeit not a pricing contributor,
to the catalog series.

But I do wonder - do the pricing contributors get an annual letter from
Krause, asking, "Please review these listings for the area(s) of your
specialty and make any necessary corrections" and do they then do any fresh,
serious market analysis, or do they just send a reply of "Nope, everything
is fine the way it is"? There are so many listings that have not changed
for years and years, even in some of the more popular countries.

Mr. Jaggers

"Wes Chormicle" wrote in message
link.net...

I do check prices on eBay. If the "price guide" says $10, but the coin is
selling on eBay for $24, I'm selling it at $24.


In the shop, or as an opening bid on your eBay listing?

Mr. Jaggers

"Lowell Kempton" wrote in message
...
The guy is just looking for a rump ride


Hmmm...I'm trying to visualize that.

Mr. Jaggers

"Vector" 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.

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.

You're probably right, but now you're talking spread between wholesale and
retail. My original inquiry had to do with the spread between retail and
super-retail.

Mr. Jaggers

Mr. Jaggers

"note.boy" wrote in message
...
"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?

Good question. I was scared to death by the prices realized in the recent
Jules Reiver/Heritage sale. Well, not actually, but at least figuratively.

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?

I've wondered that same thing about certain U.S. coin dealers. If their
coins were superior, I could understand it, but they're not, so I remain
puzzled.

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.

I hope you are right!

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

And only at that one time in that one place between that one buyer and that
one seller, n'est-ce pas?

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

Ya got me on that one!

Mr. Jaggers