![]() It’s either more inconvenient for them to refer to specialized coin pricing guides, or they simply don’t know there are other price books out there other than the popular ones seen at bookstores and on magazine racks.Īt any rate, you will most likely have to use the common retail price guides in making a judgment call on how much to pay for a certain coin - because bidding less than that may mean coming under what it takes to place a winning bid.Īs for Best Offers, I usually submit a bid 20% to 30% under asking (not necessarily expecting to buy the coin at the rate) and hope the seller provides me with a compromise 10% to 15% lower than the lot’s original price. If you’re submitting bids that merely feel good to you – they aren’t really based on anything other than what you can afford or “think” a coin is worth, then you risk at least 2 things: That’s never a good sign! #2 – Know What Coins Are Worth Before You Buy I think the bottom line when looking for a coin dealer’s reputation on eBay is to avoid buying from those who have negative feedback - especially lots of negative feedback from recent times. I also don’t mind buying low-value raw coins from sellers with lower rankings. Low-ranking sellers might be more apt to accept lower bids - so they can sell their products and hopefully deserve to receive your highly valued, positive ranking and good feedback to help build their eBay reputation. The best coins to buy from lower-ranking sellers are certified in slabs from major coin grading certification firms - such as the Professional Coin Grading Service (PCGS) and the Numismatic Guaranty Corporation (NGC). But when dealing with these folks, I only buy coins that I’m confident are genuine. That said, I have had successful transactions with individuals who are clearly just getting in on the eBay game too – those with rankings under 500. Grading services such as NGC, PCGS, ANACS, and ICG evaluate the condition of coins and confirm their authenticity.But I tend to focus on buying coins from eBay retailers who have a pretty good track record of selling coins. These are your so-called “ PowerSellers” and other eBay sellers who have rankings in the several thousand range - the number derived from the amount of transactions they’ve made. Coins that are circulated and used as currency naturally become worn, and uncirculated coins often demand a much higher value than circulated coins.įor example, an uncirculated 1913 Buffalo Nickel in mint condition might fetch 10 times as much as a similar circulated coin. Just a small difference in the condition of a coin can make an enormous difference in price. Also note that the number of coins that were minted does not indicate a coin’s current availability. Rare coins have a higher demand than more common older coins as well.įor example, some Greek and Roman coins, despite their age, are relatively inexpensive due to their abundance. A common coin that is highly prized by collectors will have a higher value than a common coin fewer collectors seek. The demand for a coin can significantly increase its value. A coin’s value is ultimately determined by demand, availability, condition, and grading. When deciding whether you want to add a coin to your collection, you will want to take its value into account. Find error coins with faulty inscriptions, forms, dates, or designs.
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