CNG Trading on EBay, Some Strong Prices!

[Coinery]

https://ebay.io/m/xisefw
 

[Coinery]

[Coinery]

[coinkat]

My initial observation is simply this… they have not sold yet and it would appear they are entertaining offers.

[Rob]

I concur. The BIN price is essentially $s converted into £s. Note the stock numbers suggest they have been there for a while, being 1 or 2000 short of the later listings.

[Coinery]

More than double their market value in these cases, I’ll stand by the post, $/€/£ conversions or otherwise.

@coinkat do you think they’re pricing these in expectation of walking away with 50% of the asking price? 
 

What surprised me most, and the reason I shared this post in the first place, was my discovery that CNG are actually on eBay at all, it seems a little beneath them, especially with such incredulous pricing. They’re a serious and respected numismatic mainstay, aren’t they?

[coinkat]

@Coinery

A 50% reduction is not in the cards and I suspect an offer of 50% would not be well received. CNG is well respected and offer a range of World/Ancient Coins at various levels. Marketing coins and the way coins are sold has changed dramatically…especially in recent years. And in part it seems to be a Thermidorian response in an effort to keep up with technology. Certain coin marketing seems to be geared to those that seek instant gratification instead experiencing a protracted hunt to find certain coins. And that instant gratification extends to buy it now options that has a premium. I prefer to see coins in hand before I buy… obviously that is challenging especially when it comes to coins that are seldom offered.

[Coinery]

Hmmm, ok…I’m starting to feel I must be out of touch, that all 3 of the posted coins are marked-up at double their value, yet they wouldn’t be prepared to accept market price on stock that has sat around for a while?

Anyway, the post was simply an aside, light coining banter, nothing more. When that Edward I class 1c penny has sold, they’re more than welcome to sell my two! Unfortunately, I’ve already parted with my 1700 shilling for £480, so I might have to sing for the remaining £500 😬