Ebay's Worst Offerings

[azda 979]

Given the lack of facial detail, DNW's grade was hardly unreasonable

Exactly, i emailed him amd he emailed back *TEXT REMOVED* but also changed the grade to the DNW grade. Its not like the coin is'nt identifiable with the large E inscribed in the field. *TEXT REMOVED*, he can make all the profit he wants, i have a problem with large grade increases though.

In my email i told him i posted both links onto a well known british coin forum, *TEXT REMOVED*, when i checked it, it was back to NVF, so now his £950 price Tag looks expensive

Edited September 22, 2014 by Chris Perkins
Removed some potentially untrue accusations

[TomGoodheart 402]

But that's eBay! I bid on this when it was at Heritage:

I was the underbidder and it sold for £140 ($235).

It did 14 days on eBay at $999 without a bite. When it was relisted I made an offer which was declined. It was again relisted, this time at $1,099.99. I made a slightly higher offer direct to his vcoins shop. I thought around £250 seemed fair enough. It's not a perfect coin, there's no way to tell the weight as it's slabbed and nearly 100% profit doesn't seem bad. But the seller seemed to think I was being cheap.

I told him I thought the offer was about right for the UK market but he said he knows the market and I'd need to offer more. Whatever.

I dare say it will sell eventually. But I can't see it making the BIN price. There's a difference between being a bit cheeky with what you ask and being unrealistic ...

[azda 979]

Well he's definately tripping at $1000, if he knows the market then how come it only sold for $235 at Heritage? Basically what he's thinking to himself is that it was a cheap buy so he's just going to let it sit there until someone buys it from him at 200% profit, sorry but i just would'nt even bother offering a damn bean for it knowing the price, plus its been cleaned and more than likely overgraded on the slab, ex Messing hoard?

Edited September 21, 2014 by azda

[TomGoodheart 402]

It only reached the Heritage price because I bid it up! I just think US sellers have a different expectation about prices.

Sure, it's decent enough. But as you say, it's tone free which won't help it sell this side of the pond. It also could be rounder, the obv privy mark is missing and there are some weaknesses in the strike. If it's full weight people might pay a bit more, but until it's set free we won't know.

All in all I'd expect a UK dealer to aim for the mid-£200s up. But unless I'm completely out of touch with prices no buyer who knows the series is going to pay anything over £400 ..

I only had a punt because there's nothing else out there and I've money burning a hole in my pocket!

.

[azda 979]

Personally Richard i would'nt touch it, it does nothing for me, its anemic, weak and not completely round, i'd pay (if i were interested) no more than £200 for it, in fact £150 would be my best punt on this. I don't know why you don't look at some Lizzies in between the Charles, i'm finding some nice stuff, fair enough it can be pricey, but there's nothing better than buying something that actually looks good amd is in high grade, i personally think you need another hammered Focus whilst waiting on Charles because as we see, there's not a lot of quality Charles kicking about right now.

[Coinery 1,153]

Not a shilling, and NOT a great example...tooled!

321529941750

[Paulus 1,975]

Not a shilling, and NOT a great example...tooled!

321529941750

link

It's horrible!

Edited September 23, 2014 by Paulus

[Rob 3,152]

Not a shilling, and NOT a great example...tooled!

321529941750

Great example of a crap coin though .

[Michael-Roo 781]

The same seller has a low grade 1787 shilling on offer with a buy it now price of £75!

[Hugo Z 0]

This coin has changed grade too - http://www.ebay.co.uk/itm/RARE-1831-PLAIN-EDGE-PROOF-SHILLING-BRITISH-SILVER-COIN-FROM-WILLIAM-IIII-aFDC-/311087454373?pt=UK_Coins_BritishMilled_RL&hash=item486e41d8a5

It was slabbed AU78 and sold for around £470 at London Coin auctions a few weeks ago.

[azda 979]

This coin has changed grade too - http://www.ebay.co.uk/itm/RARE-1831-PLAIN-EDGE-PROOF-SHILLING-BRITISH-SILVER-COIN-FROM-WILLIAM-IIII-aFDC-/311087454373?pt=UK_Coins_BritishMilled_RL&hash=item486e41d8a5

It was slabbed AU78 and sold for around £470 at London Coin auctions a few weeks ago.

I think he might be trying to make the 200k that was stolen from him back, do all dealers try and make double (roughly) on what they've bought? Edited September 23, 2014 by azda

[Peter 615]

They will make what they can and grade as they like.

Grading is subjective and if I picked up a bargain I'm not obliged to pass on my good luck.

I have 2 ebay accounts one mainly for buying and one mainly for selling.

I'm in a good mood...now!!!! tonight because a while back Mrs Peter reversed her car into a wall and broke the rear passenger lens.

Hyundai wanted £350+ for a new unit.The cheapest I could get a lens from the breakers was £110 + delivery.

I've just bought a 2nd hand (unused unit) for £75 delivered.

I should be able to get her running around me for a few days.

My MG also got 100% at the MOT test

Edited September 23, 2014 by Peter

[azda 979]

Given the lack of facial detail, DNW's grade was hardly unreasonable

Exactly, i emailed him amd he emailed back *TEXT REMOVED* but also changed the grade to the DNW grade. Its not like the coin is'nt identifiable with the large E inscribed in the field. *TEXT REMOVED*, he can make all the profit he wants, i have a problem with large grade increases though.

In my email i told him i posted both links onto a well known british coin forum, *TEXT REMOVED*, when i checked it, it was back to NVF, so now his £950 price Tag looks expensive

Removed some potentially untrue accusations?????? WTF? I know you emailed to say he'd asked you to remove my comments but now you're basically saying my comments are lies??????

Sorry but i'm certainly not happy that you've taken a side Chris when the evidence was obviously there for another member to also comment, Feels like some censorship going on

**See my response to this 6 posts down! (Chris)**

Edited September 24, 2014 by Chris Perkins

[TomGoodheart 402]

do all dealers try and make double (roughly) on what they've bought?

It certainly seems about that in my experience. Or more! But then, as Peter says, if I find a coin going cheap myself then if a fair market price is double or even 10x that and someone is happy to pay ...

I don't mind dealers making a profit. None would be in business long if they didn't. But I do object to prices way beyond what things are worth!

Of course, like any customer I have the option not to buy. But if it's a daft price and I want it I'll try to negotiate....

[Peckris 579]

I think he might be trying to make the 200k that was stolen from him back, do all dealers try and make double (roughly) on what they've bought?

Yes

[Rob 3,152]

do all dealers try and make double (roughly) on what they've bought?

It certainly seems about that in my experience. Or more! But then, as Peter says, if I find a coin going cheap myself then if a fair market price is double or even 10x that and someone is happy to pay ...

I don't mind dealers making a profit. None would be in business long if they didn't. But I do object to prices way beyond what things are worth!

Of course, like any customer I have the option not to buy. But if it's a daft price and I want it I'll try to negotiate....

The above is fundamental to business. Any business has a known purchase cost, but an unknown selling price. You try to maximise the profit and if you can make 10x your cost price you're a happy man. Some you win, some you lose. As Richard says, nobody is compelled to buy a coin. A previous coin of mine was sold in Spink on Monday for £1K less than I sold it 5 years ago to a dealer, so somebody took a hit. I've sold things for less than I paid too. We all make 'mistakes'.

Every coin is different, so that excludes the 'standard' price route - something the TPGs in the US try to manipulate with their price/slab grade policies.

Edited September 24, 2014 by Rob

[TomGoodheart 402]

In more than ten years of collecting I think it's only in the last three or so that I've consistently made more than I paid when selling on coins to upgrade.

A combination of factors is responsible (over-enthusiastic bidding early on, prices generally getting higher and learning to be more selective about my purchases) but I still think I'd make a poor dealer!

[Peter 615]

I will buy to sell but I'm not a dealer but I can't refuse a bargain

I'm selling mainly to trim down my collection to a reasonable size.

Previously I was getting my daughters involved in the process so they could have a few things using my paypal.

I've recently bought some great copper from my favorite US dealer.

All duplicates but should earn a few £,000.

[Chris Perkins 228]

Given the lack of facial detail, DNW's grade was hardly unreasonable

Exactly, i emailed him amd he emailed back *TEXT REMOVED* but also changed the grade to the DNW grade. Its not like the coin is'nt identifiable with the large E inscribed in the field. *TEXT REMOVED*, he can make all the profit he wants, i have a problem with large grade increases though.

In my email i told him i posted both links onto a well known british coin forum, *TEXT REMOVED*, when i checked it, it was back to NVF, so now his £950 price Tag looks expensive

Removed some potentially untrue accusations?????? WTF? I know you emailed to say he'd asked you to remove my comments but now you're basically saying my comments are lies??????

Sorry but i'm certainly not happy that you've taken a side Chris when the evidence was obviously there for another member to also comment, Feels like some censorship going on

Dave! You can't say things/make accusations that you cannot confirm are absolutely true beyond any reasonable doubt whatsoever, and the parts of your post that I removed were either profanities or were accusations that I know you cannot be 100% sure of - and therefore potentially libellous. If I were taking sides and pussyfooting around the internet all day without wanting to upset anyone, I would have simply deleted everything and probably would have given up the forum years ago! Instead, on this occasion I have stripped it down to the bare-bone facts. I also put in a good word for you with the seller. Would you rather I had just deleted everything as if it never happened? I bet that would have annoyed you even more.

We have established as fact that the grade was changed and the seller agreed that it was changed and has stated to me that the original grade it was listed as was a typo. So there we are, problem solved. I don't judge whether things are true or false, or whether you are right or he is right. Even if you disagree with something, you can't prove otherwise, so keep it zipped until such a time as you have something negative to say about someone that you can prove (and I mean really, really prove)!

Another member agreed with you? The other member agreed with you that the seller had deliberately wrongly described a coin (i.e. given it a higher grade) in order to make a profit? No, they didn't. The other member simply stated that they agreed with the grade assigned to the coin by DNW. Sellers can actually claim whatever grade they like when selling a coin, and I know it gets on your nerves (and mine, and other people's nerves) when something is bought, up-graded and then priced higher for a quick profit. It is indeed a shady activity, but there's actually nothing legally wrong with that. Opinions on grades can differ. The only way to prevent novices paying too much money for too high-graded coins is to educate them, and that's what we're here for.

I have nothing against you rooting out bad practices and using my forum to bring them to light, because that's good and there are so many cowboys out there that people should certainly be warned about. This forum is easy to find and I'm sure we have collectively prevented a lot of people from buying dodgy coins from dodgy sellers (e.g. those gold plated modern Crown proofs that were slabbed in error as solid gold and were fraudulently offered as such by an unscrupulous individual - and very nearly purchased innocently by someone until he googled and found this forum and the warning).

Please, in the future, only make allegations about people when you can prove repeated untoward selling practices beyond any reasonable doubt.

[bagerap 706]

For low value items my ebay invoice offers Standard International Post as the default option and International Tracked & Signed as the second choice.

I've just discovered that ebay in their wisdom have reversed that order. not only on the invoices but on some of my listings too; making me look extremely expensive.

[PWA 1967 2,135]

1932 penny on for £900 ,i dont mind slabs but that is ridiculous.

[Coppers 58]

yes...but it's the finest ever graded...

http://www.ebay.co.uk/itm/G-Britain-Joint-Finest-Ever-Graded-Better-Date-1932-Penny-NGC-Cert-MS65RB-/221552436360?pt=UK_Coins_BritishMilled_RL&hash=item33958de488

[Peter 615]

Unbelievable.

I'm sure my raw 1932 is as nice and worth £15 to £20.

[Peckris 579]

Unbelievable.

I'm sure my raw 1932 is as nice and worth £15 to £20.

Mine is genuinely BU unlike that one - £1900 worth?

[Asumel 6]

yes...but it's the finest ever graded...

http://www.ebay.co.uk/itm/G-Britain-Joint-Finest-Ever-Graded-Better-Date-1932-Penny-NGC-Cert-MS65RB-/221552436360?pt=UK_Coins_BritishMilled_RL&hash=item33958de488

Joint finest...... must have stopped it from being £1900