ebay valuations crazy

[John H 1]

All just a word on ebay valuations which are crazy . Relatively basic 1976 notes going regulary for 2-3 times price in guides like Mac Devitt's any comments welcome
Thanks

[Mac]

Catalogues are a general guide to prices. Catalogue Valuations in my book are based on auction results, including ebay, and on what dealers sell the notes for. Valuations tend to follow the market rather than lead it. I ignore asking prices.

Prices rise and fall depending on the volume of notes available. Ploughmans have fallen a lot in the last two years as there are a lot of new notes coming onto the market, especially common notes in medium grade, and Hibernian Bank fivers.

Auction environments can be good when several people chase an item, other times they don’t sell.

A lot of items on ebay are overgraded and over priced, especially in buy it now. Sometimes though, they are priced to sell, and do so.
Sometimes things do very well in ebay auctions. Some of the items that are frequently overpriced on ebay are £1 notes, 1951-1955. These are very common indeed, as are 10 shilling notes 1951, 1952.

There are several Ploughman notes up currently on ebay which are selling around the 180-200 Euro mark in VG-About fine grade. These notes were sold earlier this year in bulk in auction for slightly less. Also, several of the Ploughman fivers currently up on ebay were sold in auction earlier this year for much less than they are currently being offered on ebay for.

It is very much a buyers market these days, and well worth shopping around.

[John H 1]

Martin

Thanks for the clarity. Yes its clear on ebay you can ask what you like but seasoned buyers will ignore the prices. My comment was raised as I have seen too many 1976 £20 with creases and writing going for 150-200 Euro and upwards

[gaelicyoda]

Hi John,
Unfortunately some sellers don't seem content to just leave it at extortionate prices, some will attempt to generate fake demand for their wares as well. I've seen auction lots rise up steadily in price, complete for more (far more in some cases) than you would expect anyone to pay for them, only to get listed again a few weeks later. So in some cases, I think there are secondary accounts at play that are being used to inflate prices artificially. Thankfully though that doesn't seem to be very common practice from what I've observed, and indeed some may have just been legitimate returns.

[Mac]

Currently there are two 1976 £20 notes on offer at 299 (gvf graded as EF), from one seller, and two more at 249 (both are VG grade) from another seller, same seller has a gVF fiver with a grubby mark on offer at 149 (graded as AU). All of these are overpriced for the claimed grade, and very overpriced for their actual grade.

There is a also VG grade £20 note 1975, graded as “aVF+ for investment” @148. I doubt it will sell.

I suppose the odd person will pay too much for these common notes in common grades, but generally if things re overpriced, they don't sell, especially as there are a lot of sales of items at more normal prices.

[Jenny007]

I think some of these subsequent relistings are driven by returns as you noted earlier. I purchased a £20 note labelled as EF/Aunc to find it a preessed note and at best VF. I returned and got full refund only to find relisted again and sold, to presumably to end up with someone less informed on grading or willing to accept note as is

[Mac]

Good that you got your money back
I must do a section on how to spot cleaned notes.

[gaelicyoda]

I must do a section on how to spot cleaned notes.

Great idea!

[ThePloughman]

Ebay’s full of shysters.
There is an ok £20 note just started, at £52 GBP. Seems to be ok grade for the price.
Might be worth watchin to see how it goes.

[John H 1]

True - the adage that something is worth what someone is prepared to pay is not true for ebay grades. If you buy rough £20 Lavery for 200 Euro and assume your investment value has increased you will realise you are wrong when you come to sell in a dedicated auction with traders. There probably is an influence on overall prices from ebay type auctions as the more notes are seen to be increasing in value the more people want them.

[Mac]

People have to learn about what they are buying before they click the 'BUY' button!
Old notes are a specialised area.

[ClassicCars]

Hi Folks, I am trying to get a copy of Irish Banknotes 3rd Edition, without this valuable reference, it is easy to pay too much for notes

[Mac]

The book will be available later in June.

[Series B notes]

I have a full set of Series B notes listed on eBay listed for €271.65. Should I lower the price?

[Mac]

I have a full set of Series B notes listed on eBay listed for €271.65. Should I lower the price?

Dunno, you’ll have to decide that yourself. If they don’t sell then they are too expensive. Many of the items on ebay are too expensively priced. Ebuyers seem to prefer the auction format over the straight buy option.

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