@DoubleEagle59 said:
Yes, close to dead as a true auction site.
Most dealers are scared stiff to list their items at $0.99 because they know the market is in the tank.
It's not the "tank" that bothers most of us. The market is what it is. I wouldn't list at $0.99 in a booming market. The problem is volume of material available. Whether MS65 Morgans are hot, cold or warm isn't the problem. For a common date there are soooo many on eBay at any one time, there aren't enough bidders to run them all up to actual market value.
All comments reflect the opinion of the author, even when irrefutably accurate.
@DoubleEagle59 said:
Yes, close to dead as a true auction site.
Most dealers are scared stiff to list their items at $0.99 because they know the market is in the tank.
It's not the "tank" that bothers most of us. The market is what it is. I wouldn't list at $0.99 in a booming market. The problem is volume of material available. Whether MS65 Morgans are hot, cold or warm isn't the problem. For a common date there are soooo many on eBay at any one time, there aren't enough bidders to run them all up to actual market value.
I've been on Ebay since 1999 and have always listed items starting at $9.99 (listing 95% of mainly Canadian coins as I'm in Canada).
During the boom years, I profited greatly starting my items at $9.99
During the present cruddy years I list at $9.99 and accept the price I get as the true current value of my items (I win some and I lose some).
Ebay is a great indicator of the present day value of goods, so if you really want to sell your items, then start them at a low price and let the bidding begin.
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
@DoubleEagle59 said:
Yes, close to dead as a true auction site.
Most dealers are scared stiff to list their items at $0.99 because they know the market is in the tank.
It's not the "tank" that bothers most of us. The market is what it is. I wouldn't list at $0.99 in a booming market. The problem is volume of material available. Whether MS65 Morgans are hot, cold or warm isn't the problem. For a common date there are soooo many on eBay at any one time, there aren't enough bidders to run them all up to actual market value.
I've been on Ebay since 1999 and have always listed items starting at $9.99
During the boom years, I profited greatly starting my items at $9.99
During the present cruddy years I list at $9.99 and accept the price I get as the true current value of my items.
I use 99 cent auctions. It may take 3 or 4 bids to get up to $9.99 which will ALWAYS happen on coins worth more than ten bucks.
Scenario ...... So now that my auction is up to $9.99 with 4 bids and yours is at $9.99 with zero bids, most collectors will click on my auction as it shows that there is interest in my coin. Bids attract bids. This can cause a bidding war
@DoubleEagle59 said:
Yes, close to dead as a true auction site.
Most dealers are scared stiff to list their items at $0.99 because they know the market is in the tank.
It's not the "tank" that bothers most of us. The market is what it is. I wouldn't list at $0.99 in a booming market. The problem is volume of material available. Whether MS65 Morgans are hot, cold or warm isn't the problem. For a common date there are soooo many on eBay at any one time, there aren't enough bidders to run them all up to actual market value.
I've been on Ebay since 1999 and have always listed items starting at $9.99
During the boom years, I profited greatly starting my items at $9.99
During the present cruddy years I list at $9.99 and accept the price I get as the true current value of my items.
I use 99 cent auctions. It may take 3 or 4 bids to get up to $9.99 which will ALWAYS happen on coins worth more than ten bucks.
Scenario ...... So now that my auction is up to $9.99 with 4 bids and yours is at $9.99 with zero bids, most collectors will click on my auction as it shows that there is interest in my coin. Bids attract bids. This can cause a bidding war
It doesn't make a difference for most of my auctions whether or not the start bid is $0.99 or $9.99 as the items I list are usually usually between $100 to $1000
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
there are soooo many on eBay at any one time, there aren't enough bidders to run them all up to actual market value
in a strange way, that would be exactly how to determine market value. just an example: if the price guides say a generic MS65 Morgan is worth $175, that's your BIN and no one bids, is that really the value?? if you start at .99 cents and the coin sells at $140 I would think a value has been established, although it would require the event to be repeated a number of times to lock that price in.
in todays Numismatic World, do you know the value of those MS65 generic Morgans from experience or from a price guide?? I think most dealers and collectors have no idea and we are led to a price based on what price guides tell us to pay. I claim no high ground, but with the type of Exonumia I collect there is scant evidence of a prior sale so I have to make a determination using my own wits.
to emphasize the reality of this, when they released the second edition of So-Called Dollars the owners required a price guide to be included, a ridiculous request even for something like Morgan Dollars. I complained, my main issue being that it would be where medals were priced absent any knowledge by the seller. around 15 years later it is still used by sellers, some of them forum members, who had no involvement in that niche. they buy stuff, jack up the price and it sits for months on end until some naïve sucker shows up.
I don't sell on ebay as much as many people on the forum. However, I do list when they offer promotional events (8-10% promo for selling, 50% off FVF, etc.). Also, I normally buy around their bonus ebay buck days (for BINs) in order to make prices work for me. Personally, I'd like ebay to be a viable place for all concerned so I'm not forced to monitor 25+ different venues to buy material.
I have noticed a drop in quality material being auctioned as of late. I chalked it up to people not wanting to sell much during the summer...
@keets said:
I remember in the late 90's when there was sort of a battle between eBay and Yahoo Auctions, the latter had that annoying feature where the clock for "time remaining" would reset at five minutes if there was late bidding.
we all know who won.
Sounds like Yahoo was closer to a real auction with the reset the clock feature. Perhaps most buyers don't want a real auction where the bidding isn't artificially limited by a fixed end time.
It eliminates the sniping. Somehow, people love to snipe. It's like they beat the system or something. A rolling end is much more like a real auction. In fact, some of the other auction sites do use rolling ends.
Sniping is a fact of life on the bay, but that's not the reason I like it. I like fixed end times. I have a busy schedule so it's much nicer to know exactly when an auction will end than to keep checking Heritage Live or Stacks to guess when I need to pay attention.
I still like the bay for rare items. Whether it is fixed price or auction format doesn't matter to me too much. Auctions give you more time to find and decide on an item, while you may need to make a decision pretty fast on a BIN.
I am going to find out this Fall, when I start listing the many thousands of low & mid-priced items that I've been adding to the "sell" pile for a LONG time. I plan to do them all with 99-cent start, no reserve, no "shill" bids, and free shipping.
@dcarr said:
I am going to find out this Fall, when I start listing the many thousands of low & mid-priced items that I've been adding to the "sell" pile for a LONG time. I plan to do them all with 99-cent start, no reserve, no "shill" bids, and free shipping.
I don't recommend it
All comments reflect the opinion of the author, even when irrefutably accurate.
@dcarr said:
I am going to find out this Fall, when I start listing the many thousands of low & mid-priced items that I've been adding to the "sell" pile for a LONG time. I plan to do them all with 99-cent start, no reserve, no "shill" bids, and free shipping.
Why not give the BST a try first?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
@dcarr said:
I am going to find out this Fall, when I start listing the many thousands of low & mid-priced items that I've been adding to the "sell" pile for a LONG time. I plan to do them all with 99-cent start, no reserve, no "shill" bids, and free shipping.
I think this can go well. Dan has a good following and I've seen other auctions for rare items, like the below. I've found when they are all packed together, it can be challenging to win multiple pieces because of different pieces individuals may want.
@dcarr said:
I am going to find out this Fall, when I start listing the many thousands of low & mid-priced items that I've been adding to the "sell" pile for a LONG time. I plan to do them all with 99-cent start, no reserve, no "shill" bids, and free shipping.
Why not give the BST a try first?
This would be similar to selling it on his website and a few people expressed disappointment in the first-come first-served situation where they didn't even get a chance to bid.
@dcarr said:
I am going to find out this Fall, when I start listing the many thousands of low & mid-priced items that I've been adding to the "sell" pile for a LONG time. I plan to do them all with 99-cent start, no reserve, no "shill" bids, and free shipping.
@PerryHall said:
Why not give the BST a try first?
>
I should clarify that these "many thousands" of items I'm talking about are NOT things that I created or minted.
They are things like US & foreign coins in the $2 to $200 price range, random exonumia, stamps, etc.
@dcarr said:
I am going to find out this Fall, when I start listing the many thousands of low & mid-priced items that I've been adding to the "sell" pile for a LONG time. I plan to do them all with 99-cent start, no reserve, no "shill" bids, and free shipping.
I should clarify that these "many thousands" of items I'm talking about are NOT things that I created or minted.
They are things like US & foreign coins in the $2 to $200 price range, random exonumia, stamps, etc.
Good to know. I was looking forward to another release.
@dcarr said:
I am going to find out this Fall, when I start listing the many thousands of low & mid-priced items that I've been adding to the "sell" pile for a LONG time. I plan to do them all with 99-cent start, no reserve, no "shill" bids, and free shipping.
I should clarify that these "many thousands" of items I'm talking about are NOT things that I created or minted.
They are things like US & foreign coins in the $2 to $200 price range, random exonumia, stamps, etc.
Good to know. I was looking forward to another release.
Well, there might be a few "Carr" pieces in the mix. But certainly not "thousands". Maybe a dozen or two.
Comments
It's not the "tank" that bothers most of us. The market is what it is. I wouldn't list at $0.99 in a booming market. The problem is volume of material available. Whether MS65 Morgans are hot, cold or warm isn't the problem. For a common date there are soooo many on eBay at any one time, there aren't enough bidders to run them all up to actual market value.
All comments reflect the opinion of the author, even when irrefutably accurate.
I've been on Ebay since 1999 and have always listed items starting at $9.99 (listing 95% of mainly Canadian coins as I'm in Canada).
During the boom years, I profited greatly starting my items at $9.99
During the present cruddy years I list at $9.99 and accept the price I get as the true current value of my items (I win some and I lose some).
Ebay is a great indicator of the present day value of goods, so if you really want to sell your items, then start them at a low price and let the bidding begin.
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
I use 99 cent auctions. It may take 3 or 4 bids to get up to $9.99 which will ALWAYS happen on coins worth more than ten bucks.
Scenario ...... So now that my auction is up to $9.99 with 4 bids and yours is at $9.99 with zero bids, most collectors will click on my auction as it shows that there is interest in my coin. Bids attract bids. This can cause a bidding war
I my opinion, eBay Bucks promos are driving the sales, and the sellers will list with buy it now, waiting for the promos to kick in.
This ANA seller promo is sweet! I sold a real expensive coin yesterday with no fees. Try doing that anywhere else! Thanks eBay!
Sounds to me like you wanna get a rip each time!! Not gonna happen.
a.k.a "The BUFFINATOR"
It doesn't make a difference for most of my auctions whether or not the start bid is $0.99 or $9.99 as the items I list are usually usually between $100 to $1000
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
there are soooo many on eBay at any one time, there aren't enough bidders to run them all up to actual market value
in a strange way, that would be exactly how to determine market value. just an example: if the price guides say a generic MS65 Morgan is worth $175, that's your BIN and no one bids, is that really the value?? if you start at .99 cents and the coin sells at $140 I would think a value has been established, although it would require the event to be repeated a number of times to lock that price in.
in todays Numismatic World, do you know the value of those MS65 generic Morgans from experience or from a price guide?? I think most dealers and collectors have no idea and we are led to a price based on what price guides tell us to pay. I claim no high ground, but with the type of Exonumia I collect there is scant evidence of a prior sale so I have to make a determination using my own wits.
to emphasize the reality of this, when they released the second edition of So-Called Dollars the owners required a price guide to be included, a ridiculous request even for something like Morgan Dollars. I complained, my main issue being that it would be where medals were priced absent any knowledge by the seller. around 15 years later it is still used by sellers, some of them forum members, who had no involvement in that niche. they buy stuff, jack up the price and it sits for months on end until some naïve sucker shows up.
such is the nature of the current eBay BIN.
I don't sell on ebay as much as many people on the forum. However, I do list when they offer promotional events (8-10% promo for selling, 50% off FVF, etc.). Also, I normally buy around their bonus ebay buck days (for BINs) in order to make prices work for me. Personally, I'd like ebay to be a viable place for all concerned so I'm not forced to monitor 25+ different venues to buy material.
I have noticed a drop in quality material being auctioned as of late. I chalked it up to people not wanting to sell much during the summer...
Sniping is a fact of life on the bay, but that's not the reason I like it. I like fixed end times. I have a busy schedule so it's much nicer to know exactly when an auction will end than to keep checking Heritage Live or Stacks to guess when I need to pay attention.
I still like the bay for rare items. Whether it is fixed price or auction format doesn't matter to me too much. Auctions give you more time to find and decide on an item, while you may need to make a decision pretty fast on a BIN.
Since ebay doesn't seem to care about shill bidding anymore,
it should work to "start" at $0.99 and then use an alt account to bid $9.99 .
I am going to find out this Fall, when I start listing the many thousands of low & mid-priced items that I've been adding to the "sell" pile for a LONG time. I plan to do them all with 99-cent start, no reserve, no "shill" bids, and free shipping.
I don't recommend it
All comments reflect the opinion of the author, even when irrefutably accurate.
Why not give the BST a try first?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I think this can go well. Dan has a good following and I've seen other auctions for rare items, like the below. I've found when they are all packed together, it can be challenging to win multiple pieces because of different pieces individuals may want.
This would be similar to selling it on his website and a few people expressed disappointment in the first-come first-served situation where they didn't even get a chance to bid.
What do you follow? I tend to see a lot of auctions for errors and CWTs.
Other pieces like patterns and SCDs tend to be dominated by BINs.
>
>
I should clarify that these "many thousands" of items I'm talking about are NOT things that I created or minted.
They are things like US & foreign coins in the $2 to $200 price range, random exonumia, stamps, etc.
Good to know. I was looking forward to another release.
Well, there might be a few "Carr" pieces in the mix. But certainly not "thousands". Maybe a dozen or two.