• The above Banner is a Sponsored Banner.

    Upgrade to Premium Membership to remove this Banner & All Google Ads. For full list of Premium Member benefits Click HERE.

oliversw5

Premium Member
  • Content count

    586
  • Joined

  • Last visited

  • Days Won

    1
  • Feedback

    100%
  • Country

    United Kingdom

Reputation Activity

  1. Like
    oliversw5 reacted to vand in Thoughts on Bitcoin, PMs, Bubbles and fundamentals   
    The older you get you realise that the more the world changes the more it stays the same. 
    Yesterday it was dotcom Today it's cryptos. Tomorrow it will be biotech or some other exciting venture. Plastics, commodities, tulips bulbs, precious metals... have all gone to the moon and then crashed as people realise that yes, there is something new here, but the world will continue turning and life will go on with our without, and it is very much a layer on top of what is already in place, never a complete replacement for it.
  2. Like
    oliversw5 got a reaction from Pampfan in eBay & Coin Market Values   
    The BUY IT NOW benchmark is the price that dealers will price at, on new coins the price is very narrow as competition is hot. On old coins the BIN benchmark is very wide. the benchmark has validity though because people who are not professional sellers will always price near a professional price (or they should be).
    I will add to this actually. With new coins, if you price above the benchmark you probably won't sell. As an individual wanting to sell on eBay you need to come under just under the benchmark to sell a coin. Why would someone buy from a member of the public when they can buy from a well respected dealer at the same price? your reputation as a dealer is paramount and people will gravitate towards you. The price is a constant tandem of different market forces, such as spot price, competition and competitive advantage. A dealer can only come down so much in price before it harms not only himself but all the other dealers involved. For an individual to really pick up a bargain I would suggest an auction or buying peer to peer. If you are paying the BUY IT NOW price you are paying spot plus manufacturing plus dealers cut plus postage, that is for new coins. 
    With old coins, dealers have more sway over price and will charge a higher mark. This is done because backdated coins in good condition are hard to find. I often buy from dealers the world over and try and 'bully' them into getting the best price possible. I charge a higher mark up because firstly its higher risk for me, the reason the dealers will sell in large is because its left over stock they can't shift on most occasions and secondly as long as I stick to the BIN benchmark set by others my mark up is determined by the skill I have in getting the price I want.
    Going back to the original posters question. Value is a spectrum, there is no such thing as a price but a spectrum of prices that one can buy at. At one end is Ebay and the other end is peer to peer with everything in-between (such as online dealers, auctions, antiques etc etc), its not eBay is expensive as its relative. In your case you are looking in the wrong place as you are after value, eBay simply provides a mechanism for buyers and sellers and charges a fee on top. Not everyone is an investor and some people will see it as money spent and not expect a return on a coin whatsoever. 
  3. Like
    oliversw5 got a reaction from Pampfan in eBay & Coin Market Values   
    The BUY IT NOW benchmark is the price that dealers will price at, on new coins the price is very narrow as competition is hot. On old coins the BIN benchmark is very wide. the benchmark has validity though because people who are not professional sellers will always price near a professional price (or they should be).
    I will add to this actually. With new coins, if you price above the benchmark you probably won't sell. As an individual wanting to sell on eBay you need to come under just under the benchmark to sell a coin. Why would someone buy from a member of the public when they can buy from a well respected dealer at the same price? your reputation as a dealer is paramount and people will gravitate towards you. The price is a constant tandem of different market forces, such as spot price, competition and competitive advantage. A dealer can only come down so much in price before it harms not only himself but all the other dealers involved. For an individual to really pick up a bargain I would suggest an auction or buying peer to peer. If you are paying the BUY IT NOW price you are paying spot plus manufacturing plus dealers cut plus postage, that is for new coins. 
    With old coins, dealers have more sway over price and will charge a higher mark. This is done because backdated coins in good condition are hard to find. I often buy from dealers the world over and try and 'bully' them into getting the best price possible. I charge a higher mark up because firstly its higher risk for me, the reason the dealers will sell in large is because its left over stock they can't shift on most occasions and secondly as long as I stick to the BIN benchmark set by others my mark up is determined by the skill I have in getting the price I want.
    Going back to the original posters question. Value is a spectrum, there is no such thing as a price but a spectrum of prices that one can buy at. At one end is Ebay and the other end is peer to peer with everything in-between (such as online dealers, auctions, antiques etc etc), its not eBay is expensive as its relative. In your case you are looking in the wrong place as you are after value, eBay simply provides a mechanism for buyers and sellers and charges a fee on top. Not everyone is an investor and some people will see it as money spent and not expect a return on a coin whatsoever. 
  4. Like
    oliversw5 got a reaction from Pampfan in eBay & Coin Market Values   
    The BUY IT NOW benchmark is the price that dealers will price at, on new coins the price is very narrow as competition is hot. On old coins the BIN benchmark is very wide. the benchmark has validity though because people who are not professional sellers will always price near a professional price (or they should be).
    I will add to this actually. With new coins, if you price above the benchmark you probably won't sell. As an individual wanting to sell on eBay you need to come under just under the benchmark to sell a coin. Why would someone buy from a member of the public when they can buy from a well respected dealer at the same price? your reputation as a dealer is paramount and people will gravitate towards you. The price is a constant tandem of different market forces, such as spot price, competition and competitive advantage. A dealer can only come down so much in price before it harms not only himself but all the other dealers involved. For an individual to really pick up a bargain I would suggest an auction or buying peer to peer. If you are paying the BUY IT NOW price you are paying spot plus manufacturing plus dealers cut plus postage, that is for new coins. 
    With old coins, dealers have more sway over price and will charge a higher mark. This is done because backdated coins in good condition are hard to find. I often buy from dealers the world over and try and 'bully' them into getting the best price possible. I charge a higher mark up because firstly its higher risk for me, the reason the dealers will sell in large is because its left over stock they can't shift on most occasions and secondly as long as I stick to the BIN benchmark set by others my mark up is determined by the skill I have in getting the price I want.
    Going back to the original posters question. Value is a spectrum, there is no such thing as a price but a spectrum of prices that one can buy at. At one end is Ebay and the other end is peer to peer with everything in-between (such as online dealers, auctions, antiques etc etc), its not eBay is expensive as its relative. In your case you are looking in the wrong place as you are after value, eBay simply provides a mechanism for buyers and sellers and charges a fee on top. Not everyone is an investor and some people will see it as money spent and not expect a return on a coin whatsoever. 
  5. Like
    oliversw5 got a reaction from Pampfan in eBay & Coin Market Values   
    The BUY IT NOW benchmark is the price that dealers will price at, on new coins the price is very narrow as competition is hot. On old coins the BIN benchmark is very wide. the benchmark has validity though because people who are not professional sellers will always price near a professional price (or they should be).
    I will add to this actually. With new coins, if you price above the benchmark you probably won't sell. As an individual wanting to sell on eBay you need to come under just under the benchmark to sell a coin. Why would someone buy from a member of the public when they can buy from a well respected dealer at the same price? your reputation as a dealer is paramount and people will gravitate towards you. The price is a constant tandem of different market forces, such as spot price, competition and competitive advantage. A dealer can only come down so much in price before it harms not only himself but all the other dealers involved. For an individual to really pick up a bargain I would suggest an auction or buying peer to peer. If you are paying the BUY IT NOW price you are paying spot plus manufacturing plus dealers cut plus postage, that is for new coins. 
    With old coins, dealers have more sway over price and will charge a higher mark. This is done because backdated coins in good condition are hard to find. I often buy from dealers the world over and try and 'bully' them into getting the best price possible. I charge a higher mark up because firstly its higher risk for me, the reason the dealers will sell in large is because its left over stock they can't shift on most occasions and secondly as long as I stick to the BIN benchmark set by others my mark up is determined by the skill I have in getting the price I want.
    Going back to the original posters question. Value is a spectrum, there is no such thing as a price but a spectrum of prices that one can buy at. At one end is Ebay and the other end is peer to peer with everything in-between (such as online dealers, auctions, antiques etc etc), its not eBay is expensive as its relative. In your case you are looking in the wrong place as you are after value, eBay simply provides a mechanism for buyers and sellers and charges a fee on top. Not everyone is an investor and some people will see it as money spent and not expect a return on a coin whatsoever. 
  6. Like
    oliversw5 got a reaction from Pampfan in eBay & Coin Market Values   
    The BUY IT NOW benchmark is the price that dealers will price at, on new coins the price is very narrow as competition is hot. On old coins the BIN benchmark is very wide. the benchmark has validity though because people who are not professional sellers will always price near a professional price (or they should be).
    I will add to this actually. With new coins, if you price above the benchmark you probably won't sell. As an individual wanting to sell on eBay you need to come under just under the benchmark to sell a coin. Why would someone buy from a member of the public when they can buy from a well respected dealer at the same price? your reputation as a dealer is paramount and people will gravitate towards you. The price is a constant tandem of different market forces, such as spot price, competition and competitive advantage. A dealer can only come down so much in price before it harms not only himself but all the other dealers involved. For an individual to really pick up a bargain I would suggest an auction or buying peer to peer. If you are paying the BUY IT NOW price you are paying spot plus manufacturing plus dealers cut plus postage, that is for new coins. 
    With old coins, dealers have more sway over price and will charge a higher mark. This is done because backdated coins in good condition are hard to find. I often buy from dealers the world over and try and 'bully' them into getting the best price possible. I charge a higher mark up because firstly its higher risk for me, the reason the dealers will sell in large is because its left over stock they can't shift on most occasions and secondly as long as I stick to the BIN benchmark set by others my mark up is determined by the skill I have in getting the price I want.
    Going back to the original posters question. Value is a spectrum, there is no such thing as a price but a spectrum of prices that one can buy at. At one end is Ebay and the other end is peer to peer with everything in-between (such as online dealers, auctions, antiques etc etc), its not eBay is expensive as its relative. In your case you are looking in the wrong place as you are after value, eBay simply provides a mechanism for buyers and sellers and charges a fee on top. Not everyone is an investor and some people will see it as money spent and not expect a return on a coin whatsoever. 
  7. Like
    oliversw5 got a reaction from Alex in eBay & Coin Market Values   
    Im not from the states but I buy and sell a lot with an increasing presence on eBay. 
    I built my business model on beating eBay. The way forward is to buy peer to peer, but when buying coins on eBay, the real issue is the fees. I can sell on eBay for the benchmark BIN price and make more money but to me it doesnt feel right to do so. What you need to consider is that I don't pay VAT (yet) as soon as I add it on the chances are its not greed on the sellers behalf but ebays. 
    Just my 2 cents
  8. Like
    oliversw5 got a reaction from Pampfan in eBay & Coin Market Values   
    The BUY IT NOW benchmark is the price that dealers will price at, on new coins the price is very narrow as competition is hot. On old coins the BIN benchmark is very wide. the benchmark has validity though because people who are not professional sellers will always price near a professional price (or they should be).
    I will add to this actually. With new coins, if you price above the benchmark you probably won't sell. As an individual wanting to sell on eBay you need to come under just under the benchmark to sell a coin. Why would someone buy from a member of the public when they can buy from a well respected dealer at the same price? your reputation as a dealer is paramount and people will gravitate towards you. The price is a constant tandem of different market forces, such as spot price, competition and competitive advantage. A dealer can only come down so much in price before it harms not only himself but all the other dealers involved. For an individual to really pick up a bargain I would suggest an auction or buying peer to peer. If you are paying the BUY IT NOW price you are paying spot plus manufacturing plus dealers cut plus postage, that is for new coins. 
    With old coins, dealers have more sway over price and will charge a higher mark. This is done because backdated coins in good condition are hard to find. I often buy from dealers the world over and try and 'bully' them into getting the best price possible. I charge a higher mark up because firstly its higher risk for me, the reason the dealers will sell in large is because its left over stock they can't shift on most occasions and secondly as long as I stick to the BIN benchmark set by others my mark up is determined by the skill I have in getting the price I want.
    Going back to the original posters question. Value is a spectrum, there is no such thing as a price but a spectrum of prices that one can buy at. At one end is Ebay and the other end is peer to peer with everything in-between (such as online dealers, auctions, antiques etc etc), its not eBay is expensive as its relative. In your case you are looking in the wrong place as you are after value, eBay simply provides a mechanism for buyers and sellers and charges a fee on top. Not everyone is an investor and some people will see it as money spent and not expect a return on a coin whatsoever. 
  9. Like
    oliversw5 got a reaction from Pampfan in eBay & Coin Market Values   
    The BUY IT NOW benchmark is the price that dealers will price at, on new coins the price is very narrow as competition is hot. On old coins the BIN benchmark is very wide. the benchmark has validity though because people who are not professional sellers will always price near a professional price (or they should be).
    I will add to this actually. With new coins, if you price above the benchmark you probably won't sell. As an individual wanting to sell on eBay you need to come under just under the benchmark to sell a coin. Why would someone buy from a member of the public when they can buy from a well respected dealer at the same price? your reputation as a dealer is paramount and people will gravitate towards you. The price is a constant tandem of different market forces, such as spot price, competition and competitive advantage. A dealer can only come down so much in price before it harms not only himself but all the other dealers involved. For an individual to really pick up a bargain I would suggest an auction or buying peer to peer. If you are paying the BUY IT NOW price you are paying spot plus manufacturing plus dealers cut plus postage, that is for new coins. 
    With old coins, dealers have more sway over price and will charge a higher mark. This is done because backdated coins in good condition are hard to find. I often buy from dealers the world over and try and 'bully' them into getting the best price possible. I charge a higher mark up because firstly its higher risk for me, the reason the dealers will sell in large is because its left over stock they can't shift on most occasions and secondly as long as I stick to the BIN benchmark set by others my mark up is determined by the skill I have in getting the price I want.
    Going back to the original posters question. Value is a spectrum, there is no such thing as a price but a spectrum of prices that one can buy at. At one end is Ebay and the other end is peer to peer with everything in-between (such as online dealers, auctions, antiques etc etc), its not eBay is expensive as its relative. In your case you are looking in the wrong place as you are after value, eBay simply provides a mechanism for buyers and sellers and charges a fee on top. Not everyone is an investor and some people will see it as money spent and not expect a return on a coin whatsoever. 
  10. Thanks
    oliversw5 reacted to Sovsaver in Today I bought.....   
    A 1 kg metalor silver bar from Arshimo2012, couldn't resist it. Planning to fit a thick chain to it and hang it around my neck so everyone at work thinks I'm rich. Having said that, the 13 year old Seat I drive might give the game away )-:
  11. Like
    oliversw5 got a reaction from Modem21 in NK gold coins   
    Its always nice to see a different take on dragons from around the world. 
    If anyone wants a price list them please feel free to mail me
  12. Like
    oliversw5 reacted to YoloBagels in Saved up some pocket change the past few months... what to buy?   
    Ok so for the past 4-5 months I've saved about $40 in pocket change. I really like the look of Monarch hand poured bars and after looking for a while I came to a decision - Should I get a 2 oz bar or two 1oz bars? I know its a kind of dumb question but it honestly is hard to design lol. Still feels nice to save a quarter or two per day and come out with some hand poured.
  13. Like
    oliversw5 reacted to Xander in Former builder 20, quit his job and now makes up to £70,000-a-year selling rare COINS on eBay   
    Hats off to the guy, he could have sat about moaning about how much the world owes him a living, like so many these days, he didn't, he used his initiative and now seems to be successful in his business pursuits. I will be checking these coins more closely in future.
  14. Haha
    oliversw5 reacted to Jay2 in Former builder 20, quit his job and now makes up to £70,000-a-year selling rare COINS on eBay   
    This topic has been a bit like an episode of Dragon's Den, as their sales numbers are torn to shreds and they admit they didn't take a salary for the first two years.
    Then everyone says I'm out.  
  15. Haha
    oliversw5 reacted to Martlet in Former builder 20, quit his job and now makes up to £70,000-a-year selling rare COINS on eBay   
    Dunno, rooting through bags of coins day after day, then dealing with ebay every day, sounds like work to me.
  16. Thanks
    oliversw5 got a reaction from SilverZulu in Lunar 2 GOLD 1/10th Oz   
    Yea, I am pretty short on lunars atm, if I come across more I will drop you a line.
  17. Like
    oliversw5 reacted to onlyroadtoheaven in Empty Sovereign Tubes   
    Good luck with the project. I started doing the same this time last year and am up to 19 coins in a tube. A very neat and efficient way of stacking but also a great little weight to hold in the hand.
  18. Like
    oliversw5 got a reaction from fehk2001 in Empty Sovereign Tubes   
    I have 2 I can do
     
  19. Like
    oliversw5 got a reaction from fehk2001 in Empty Sovereign Tubes   
    I have 2 I can do
     
  20. Like
    oliversw5 got a reaction from Alex in Goldsilver.be advice   
    Ive used them many times, they have been ok to me but they have annoyed a lot of other people. 
    If you don't like blunt people, the extra savings is not worth the aggro.
  21. Thanks
    oliversw5 got a reaction from HawkHybrid in 1957 or 1958 Gold Sovereign   
    I am observing this thread with no bias. TBH I don't care for the tit for tat...BUT Im with BullionBilly when I read that question I thought it was a genuine question posed to you and not trolling. You asked for something very specific in your post and I thought it was genuinely asking. Collectors are very fickle believe me I know and some people do want to go the extra mile, I think you just took it as an insult.
  22. Like
    oliversw5 got a reaction from Keenstacker in Anyone else worried about Stock Market all time highs?   
    I pulled all my funds from the stock market and went 100% PMs, you can still benefit from the market via spread betting and futures etc. Why hold the risk when you can pay a small premium for the upside?
  23. Like
    oliversw5 got a reaction from Oldun in 1957 or 1958 Gold Sovereign   
    Ill add, I don't think Ive ever seen HH, he is usually quite factual in how he posts...
  24. Thanks
    oliversw5 got a reaction from HawkHybrid in 1957 or 1958 Gold Sovereign   
    I am observing this thread with no bias. TBH I don't care for the tit for tat...BUT Im with BullionBilly when I read that question I thought it was a genuine question posed to you and not trolling. You asked for something very specific in your post and I thought it was genuinely asking. Collectors are very fickle believe me I know and some people do want to go the extra mile, I think you just took it as an insult.
  25. Thanks
    oliversw5 got a reaction from HawkHybrid in 1957 or 1958 Gold Sovereign   
    I am observing this thread with no bias. TBH I don't care for the tit for tat...BUT Im with BullionBilly when I read that question I thought it was a genuine question posed to you and not trolling. You asked for something very specific in your post and I thought it was genuinely asking. Collectors are very fickle believe me I know and some people do want to go the extra mile, I think you just took it as an insult.