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Coins that are worth nothing being sold at crazy prices
I've been an EBay user since 2004. I've bought all sorts of things because EBay has always been a benchmark, at least until a few months ago. A huge number of people have popped up like mushrooms, listing coins that are worth nothing at crazy prices. For example, 19,000 euros for a 2-euro coin that is worth 2 euros!
To the point that this phenomenon kicks in: I list it for 3,000, but look, another user has it listed for 19,000. The more honest ones offer it to you for 50 (still a coin worth 2).
There have always been the usual people making absurd offers, but now the phenomenon has gotten out of hand and, for a certain kind of collecting, I’m sorry to say, it has become a den of adventurers, disgracing (and I’m not exaggerating) EBay.
In any case, as a reference for collecting from now on I’ll use Del Campe or Catawiki and on EBay I won’t buy anything anymore.
Astafa111
Alessandro
ideaidea-0
·2 years agoThe market is determined by sellers. If everyone put items up for sale at high prices and there were no other sellers, the price would tend to settle at those values. In fact, there is no REAL VALUE in collecting, since there are no unambiguous reference parameters. Let’s think, for example, of a banknote that has as its serial number the birth date of a wealthy collector. That banknote would still be a unique and unrepeatable piece from a subjective point of view. In short, the market determines the value!
Obviously, the further time goes on, the rarer and older they will become. Who knows!!!
marioelegio
Mentore2 years agoThe market is governed by the balance between supply and demand.
They are not basic necessities, and a price increase would only lead to a decrease in sales.
You are right that there is no real value, but there are reference values that can be taken from many transactions.
Here we are talking about coins minted in millions of pieces and their value will never be increased speculatively. There are many coins that are already hundreds of years old, but since they are easily found, they are sold for a few euros. https://www.ebay.it/itm/386235885851?_nkw=2+centesimi+1920&itmmeta=01J6SFK6YGRNZDMD28C3B0HHF3&hash=item59ed73e91b:g:he8AAOSwn-llPSUI&itmprp=enc%3AAQAJAAAA0HoV3kP08IDx%2BKZ9MfhVJKmA3qsnbVjAM0De79mNL83wCamxzGBafdyCqmoU9OFxkRy3Cj7dDQNhRxx0%2FSmkDUtZu1TdWmGJJD5eXS1PeAs4FO%2Fg3SeMfJ3WyppoqDLZcU7DEYNKIzSODCq3S89ad6c9krFnfsz5DnJEPZEJ%2BAZwp%2FWEQr%2FtuqhJdzda9ZKULGwMi9FcqLmy5k8nG10n3K9HTe4NrxtsIDTziMyTkgk4BkBrZsUR1Q20JLwPIwpGJcqLXdLhg5u9ppe4Tccke2w%3D%7Ctkp%3ABk9SR67vzK-2ZA
ciao
mario
paperoga62
·2 years agoYesterday I reported a 50-cent coin listed for 190,000 euros. Immediate response from eBay: "We reviewed your report and concluded that the listing does not violate our rules. This decision was made with the assistance of automation or artificial intelligence".
Truly ridiculous.
barbarb-69
·2 years agoI tried to look at many coins of different dates, minting or commemorative euros, and I didn’t sell anything, so I removed them, but for purchases or customer service with the operators I have always found them helpful and available. I put the amen coins away in books cataloging them. And I leave them to my daughters maybe later they’ll have value.