I laughed at first...

[£400 for a Penny ?]

http://cgi.ebay.co.uk/HENRY-VII-SOVEREIGN-EXTREMELY-RARE-NEF-/330564954137?pt=UK_Coins_BritishHammered_RL&hash=item4cf734e819

Would you put that on ebay ?

[azda]

http://cgi.ebay.co.u...=item4cf734e819

Would you put that on ebay ?

He only sells through ebay 400, and with a coin like that you gotta think that he's a tight bar steward and not setting up a website. Wonder what his ebay fees are like lol

[Accumulator]

http://cgi.ebay.co.u...=item4cf734e819

Would you put that on ebay ?

He only sells through ebay 400, and with a coin like that you gotta think that he's a tight bar steward and not setting up a website. Wonder what his ebay fees are like lol

Check out all the other listings he has. I've not bought from him, but noticed the listings before and always assumed it was a main London Dealer (even Spink or Mark Rasmussen) anonymously selling on ebay?

[coin watch]

http://cgi.ebay.co.u...=item4cf734e819

Would you put that on ebay ?

He only sells through ebay 400, and with a coin like that you gotta think that he's a tight bar steward and not setting up a website. Wonder what his ebay fees are like lol

Check out all the other listings he has. I've not bought from him, but noticed the listings before and always assumed it was a main London Dealer (even Spink or Mark Rasmussen) anonymously selling on ebay?

I have bought from him in the past and was quite pleased. Although I was a little unsure at first as I thought he only dealt on-line until I noticed him at coinex lat year with his own table, so I would say a reputable coin dealer but not linked to the above mentioned. Anyway superb coin, maybe an offer of £1,500 might clich it!!!

[£400 for a Penny ?]

Anyway superb coin, maybe an offer of £1,500 might clich it!!!

I see he's had 18 offers already.

It is an amazing coin, can't be too many of them around I wouldn't have thought.

[Mat]

Great way of advertising, I bet the vast majority of his high value sales end up outside ebay through deal making. Every time I list a £2k plus coin on ebay I usually get the array of emails asking to trade outside for a lower price. To get around the paypal fees you can also exploit the £5000 receiving funds protection rule and request an alternate form of payment on high value goods that cost 5k or more.

I have never traded with this seller before, tried to but could never bring him down low enough. Noticed he lapped up a few london coins lots and put them on ebay for double.

[Rob]

Great way of advertising, I bet the vast majority of his high value sales end up outside ebay through deal making. Every time I list a £2k plus coin on ebay I usually get the array of emails asking to trade outside for a lower price. To get around the paypal fees you can also exploit the £5000 receiving funds protection rule and request an alternate form of payment on high value goods that cost 5k or more.

I have never traded with this seller before, tried to but could never bring him down low enough. Noticed he lapped up a few london coins lots and put them on ebay for double.

That's his normal routine. He attends all the London area sales but has been seen as far north as Corbitts in Newcastle and everything ends up on ebay at a significant premium to the purchase price. The problem is that his (and others') ebay listings are starting from too high a price to cover both ebay and Paypal fees and make a decent profit. Auction prices can be a bargain, but rarely are. Consequently the prices asked can only be realised if bought by ebay bidders who frequently put their common sense to one side when deciding on the price they are willing to pay. Many coins end up being recycled to other dealers, continually relisted on ebay, resubmitted to other auctions with a reserve that is too high, or a combination of these. All dealers suffer these problems because if buying on spec, there is no guarantee that anybody wants a coin for more than you were willing to pay.

Edited June 13, 2011 by Rob