Coin Won't Re-Sell
I bought an 1864 Large Motto 2 Cent Piece With Reverse Rotation Error from a legitimate longtime ebay seller with the intention of reselling it for a profit. I paid $73.00 plus $7.00 for shipping. I have it listed as an auction with a starting price of $80.00. This is the third week in a row.
It is in Mint or Near Mint condition with its original copper shine. It has hardly been looked at. I know that this is a common date & error but most of the other 1864's that are in much worse condition sell easily. USA Coin Book has it valued at $141.00-$213.00. Why won't mine sell?
24 comments
worldcoinauctions
·1 year ago3 Weeks? You have not given it enough time. On a higher end coin you may wait months for a sale.
Ebay is full of low end buyers, some of my better pieces (different account) sit for a year or more.
2fers are not very popular. Hard sells at shows and shops. If you don't know what you are doing don't buy on ebay to resell on ebay. I would not have paid more than $45 for that coin. If you are going to sell coins get a copy of the greysheet and buy below bid. For example, I pay 60% of bid for proof sets unless that is below face or melt. 80% for Morgans since they are popular, but common morgans are just silver in circulated grades.
agathetyche
·1 year agoYou are right about 2 cents being a hard sell. Not many collectors. But I have stands at a couple antique co-ops, and I do sell a lot of 2 cents and 3 cents to people who simply had never seen one before. The price has to be cheap, however.
worldcoinauctions
·1 year agoYes, at my antique mall cases I sell lower end uncommon coins and at coin shows I could probably sell the one in question (assuming it is not cleaned at that price 🙂 ) on ebay.... I mostly am selling the stuff that never moves at shows, or what we would have sold as junk silver. So mostly lower end US and lots of world coins! I have another ID where I list fixed price better coins, again though, if I can sell it at a show I'd rather do that!
koindog
·1 year agoMaybe potential buyers see a problem with the coin that you don't see.
I would be suspicious of an unslabbed 1864 coin with an "original copper shine".
ourancestorsattic
OP1 year agoThis is for the ids that knocked my photographs. I was a Professional Photographer in the 1980's & 90's. I taught my self Adobe Photoshop in the late 1990's & took 3 classes to refine what I already knew. I took up photography when Kodak Instamatic Cameras were common. My Images of the coin are perfect & there is absolutely no corrosion on that coin. I am really disgusted with the attitude some of you have shown here. Also, I have never believed it is necessary to post more photographs than needed to show the condition of the items I have listed for 22 years which is why I take the time to combine images when necessary.
moderncoins999
·1 year agoHi I, was reading your post the day, you post this
You went through the school of hard knocks
The real world goes like this
4 to 5 years , experience is A apprentice
10 years, A mechanic
20 years, A journey Man
30 years A MASTER
I, WOULD ASSUME THAT GOES FOR COINS
ID, say I'm, almost A journey man with coins mostly pennies & cents
I, looked at every listing of the 1864 coin
You listed for 3 days, enlarged every picture
I, think your listing was not A normal listing
Who post the price they purchased it for
I, tried that not 1 view
Why just 1 picture
Then you up the price then unlisted it
Many of the high grade 1864 motto coins are similar to yours
I, think you done the right thing
Unlisted the coin A picture is hard to determine A COIN
None of your other LISTINGS say I, PAIDED this or that
Many other LISTINGS show the same lighting as yours
White around the wheat stalk what seems to be A reflection from the picture
No comments on cleaning
Have A nice day,
*smedley*
·1 year ago"aging color" is not a phrase used in numismatics...
the coin has very typical wear for an XF...
the fields show evidence of cleaning... if you want more than that, spend decades dealing in and studying coins like some of the rest of us...
you asked why... we told you... you didn't like the answer and attacked because you assume the person who sold it to you knows more...
this is my last response to you... you are now on the list of users of whom i will not assist...
harborauction
·1 year agoelheron-grande
·1 year agoHola Harbor...! Aint that the truth...! That we all make mistakes...!
(When Heron started sellin on eBay he was mostly selling paper money and some other paper products connected to 'money'. Well, one day at a large coin & paper money expo in San Fran, Heron purchased some North Korea bonds dated 1950. They did not sell well atall. Heron finally sold the majority to another dealer. At a loss. Win some and lose some).
(Heron also purchased a large batch of Japanese World War two bonds.
These Japanese war bonds sold very well. And a few sales made up for the Korea 1950 bonds loss. Win some...lose some.
ourancestorsattic
OP1 year agoOver my 22 years as a seller I have sold just about anything and everything that can be found on ebay and that includes Includes coins. So I have a reasonably good knowledge of silver & copper coins & if I don't know something I know where to find the correct information I need. The seller I bought the 2 cent piece from has told me that that it was never cleaned & I believe him even though the coin has no aging color. The coin has no typical wear that an 1864 coin might have so it might just be an extremely rare 2 cent piece. Nobody gave their reasons for claiming the coin was cleaned & that tells me that none of you have the knowledge to know if it was.
ourancestorsattic
OP1 year agoIf the coin was a cleaned coin it would have been stated in the seller's listing. I would never buy a cleaned coin. It is a mint or near mint condition coin and listing it at the $80.00 it cost me is just a starting price and I expect it to go up alot higher. I have had it with these message boards. Every time I post a message I get mostly inane answers that I simply won't put up with anymore. For those that weren't Thank You for reasonable helpful answers.
*smedley*
·1 year agothe coin has obviously been cleaned... no amount of wishful thinking or rationalization will change that...
jameshen1
·1 year agoIf the coin was a cleaned coin it would have been stated in the seller's listing.
Not necessarily. You are listing it and not disclosing that it has been cleaned. Prior seller did the same thing apparently.
ourancestorsattic
OP1 year agoI didn't list it that way because IT IS NOT A CLEANED COIN AND I WOULD NEVER BUY OR LIST ONE THAT IS.
jameshen1
·1 year agoWhatever makes you feel better. We will just have to agree to disagree. But a knowledgeable buyer won't buy that coin at that price. Someone might, but not a knowledgeable buyer.
ourancestorsattic
OP1 year agoYou have no listings so what you such an expert?
dryophelia
·1 year ago@ourancestorsattic
From your own listing
The Condition Description Is Just My Opinion. I Am Not An Expert In Any Way.
No has to be an expert to participate in these conversations.
You asked why it wasn’t selling, you got 2 responses saying the same thing about its condition.
I would add, since it may have been cleaned/had the natural patina removed, and your verbiage about no returns, buyers aren’t willing to take the chance.
Even with eBay’s Money Back Guarantee, potential buyers aren’t willing to get involved.
Maybe someone will be along with a reason you can accept. Hang in there, this thread could he open for years. Lots of time for different perspectives.
jameshen1
·1 year agoWell, this is my buying ID, not my selling ID. So no, it has no listings. And I am not claiming to be an expert, but I can tell when the original patina is gone. And look at the "E" in cents on your picture. Look closely at the bottom part of the E.
And your listings tell me that coins is not your primary thing. You asked a question, I answered with my opinion. If you don't like the answer ignore it. But why attack me over it? Just move on.
jameshen1
·1 year agoSmedley beat me to it. That coin is cleaned and as such won't bring anywhere near what you are thinking. That is why it is not selling.
*smedley*
·1 year agoyou've got it priced at AU... it's a cleaned EF...
you overpaid...
kensgiftshop
·1 year agoList as a fixed price.
elheron-grande
·1 year agoHola ourancestors...! Heron has a 'want list' of coins. This list was started in 1980. (From 1946 to 1980 Heron did not have a 'want list'.) On this list was a coin of special interest to Heron. The coin was a 1793 One Penny of Bermuda, George III King of England. Heron thought he would never find this coin.
Then a visit to a large coin Expo, in city of Playa Larga, in 2014 Heron found one world coin dealer with this coin. After a few minutes of negotiations, Heron managed to buy this item at a reasonable price.
Probably because the Expo was just a few minutes away from closing. The primary thing is having patience. Sometimes a seller will buy an item for inventory.
And sometimes a seller will wait and wait to make a sale.
selsa84
·1 year agoIf it did get a bid you'd make nothing at 80.
selsa84
·1 year agoToo low? End it and start it at 150$-170. That's what I'd do.