Coin price difference for same coin in the hundreds.Wassup with that
Summary: buti-56 initiates a discussion questioning why a $30 silver coin might be sold for over $300, suggesting some sellers might be looking for a big payoff. john_koenig99 responds by noting that the value of collectibles like coins depends on factors like rarity and buyer interest. fh991586 adds that overpriced items on platforms like Amazon and eBay might be a marketing strategy to inflate perceived value or generate clicks. dobo5250 introduces the idea of money laundering through massively inflated item prices, often linked to foreign accounts. brieonline shares frustration over sellers listing Canadian $2 bills, often without research, at exaggerated prices. reallynicestamps mentions sellers keeping listings alive at excessive prices when items are out of stock, which might deter buyers but can also attract other sales.
reallynicestamps
·1 year agoAnd there is a weird suggestion that sellers who are out of stock keep their listing alive, but raise the price to a ridiculous level.
To my mind that just tells the buyer that the seller is living in Cloudcuckooland and should be avoided. Fine for the unavailable item, but I get a lot of sales from Viewers who come for the Bluenose and stay for the Small Queens.
brieonline
·1 year agoThats nothing- do a search for a 1986 Canadian $2 bill- This is the last year that Canada made $2 in paper money- there are some- with specific prefixes that can be worth up to 20k- Simple newspaper articles are saying this, so some people just find a $2 bill, any $2 bill and list it for $2k and up- and most of them are circulated- It ticks me off when people are either too lazy to do their homework before listing or are purposely trying to rip people off. 😠
hansatrade
·1 year agoAnd what about this..? 😀
dobo5250
·1 year agosome of those hiegh value listings are money laundry scemes , people are selling items inflated in price 20x50x 100x the value so the dirty money is clean when it comes back if you notice alot of them are foreign accounts and even some of them are canadian based --but really sell only to over sea markets -- when a 50 dollar at best item is sold for 750 dollars or even more you know something is fishy- if you look at how many sales they have there are two kinds -- large number and then ones with only one item sold either or another tip off
fh991586
·1 year agoYou often see stuff overpriced on Amazon, like a book or cd that is listed at hundreds of $, while you know it's not that rare. It's some sort of marketing strategy to either drive prices up or let people think it's worth a lot. So don't be surprised to see the same on eBay... Moreover, such ads can get more traction as more people click on it to see what's the fuss!
john_koenig99
·1 year agoCoins, like any collectible, have value as far as rarity, condition and also buyers interest.
Quite a few variables. So, your statement, without knowing the specifics of said coin, is hard to evaluate.