@roadrunner said: @CoinJunkie said:
I'm definitely in favor of jail time for anyone making an offer less than 50% of listed price. This nonsense must end!!
Except when the seller is pricing their item at 2X to 4X full market value....which is actually fairly common imo.
My comment was supposed to be humorous while also pointing out the inanity of the thread in the first place. As has been pointed out a hundred times by now: if you don't like lowball offers, use the auto reject feature on eBay below what you consider a reasonable one.
Except people will message offers even on coins without the offer option.
My favorites are the people that message offers BELOW the opening bid on an auction.
Is this really that unreasonable if there are no bids after several days and the auction will end in a few hours? Many sellers have unrealistic expectations as to the value of their coins.
With all the sniping, I fully expect there to be no bids until the last hour. If I accept such offers, there is no reason to ever run an auction.
Imagine if Heritage ran auctions but would end them if you made a reasonable offer? It would no longer be an auction.
If I had wanted it to be a fixed price listing, I would have listed it that way.
You're missing the point. Many such offers are contingent on the auction ending with zero bids. In those cases, the item is often relisted at a fixed price anyway, sometimes even with Best Offer enabled. Now if the prospective buyer expects you to end the auction early, that's generally unreasonable. I either ignore it or respond with a blanket statement that I never end auctions early. If I did higher volume, I'd probably put bold verbiage in each auction listing stating explicitly that I never end auctions early, so please don't ask me to.
@roadrunner said: @CoinJunkie said:
I'm definitely in favor of jail time for anyone making an offer less than 50% of listed price. This nonsense must end!!
Except when the seller is pricing their item at 2X to 4X full market value....which is actually fairly common imo.
My comment was supposed to be humorous while also pointing out the inanity of the thread in the first place. As has been pointed out a hundred times by now: if you don't like lowball offers, use the auto reject feature on eBay below what you consider a reasonable one.
Except people will message offers even on coins without the offer option.
My favorites are the people that message offers BELOW the opening bid on an auction.
Is this really that unreasonable if there are no bids after several days and the auction will end in a few hours? Many sellers have unrealistic expectations as to the value of their coins.
With all the sniping, I fully expect there to be no bids until the last hour. If I accept such offers, there is no reason to ever run an auction.
Imagine if Heritage ran auctions but would end them if you made a reasonable offer? It would no longer be an auction.
If I had wanted it to be a fixed price listing, I would have listed it that way.
You're missing the point. Many such offers are contingent on the auction ending with zero bids. In those cases, the item is often relisted at a fixed price anyway, sometimes even with Best Offer enabled. Now if the prospective buyer expects you to end the auction early, that's generally unreasonable. I either ignore it or respond with a blanket statement that I never end auctions early. If I did higher volume, I'd probably put bold verbiage in each auction listing stating explicitly that I never end auctions early, so please don't ask me to.
As usual, I got your point, but you missed mine. If I tell people they can buy it later if there are no bids, I'm guaranteeing there will be no bids because I just told him that not bidding is in his best interest.
It might seem counter-intuitive, but it would actually be better to routinely increase the price of all auctions that generate no bids when they become fixed price. [I sometimes do that, but only rarely.]
I knew a guy years ago who had a very successful comic book B&M. He did 2 things:
He priced everything at 10% over twice catalog. He then had 1/2 price Sundays when the store looked like Times Square on New Year's Eve even though he was still selling at 5% over catalogue. LOL.
He said if something isn't selling, start raising the price. LOL. It got people off the fence.
Of course, that would be a little harder to do on the internet because of the myriad of sellers. But the basic psychology is correct:
1. You are better off over-pricing it and having a sale. People love a sale.
2. Let people know the only way the price moves is up. [Easier to do in a bull market, of course.]
@goldfixer21 said:
I quit offering buyers the Best Offer option. I wasted WAY too much time having to decline insulting offers
You don't have to decline them as they go away on their own when the time expires. You could set up 'auto decline' in your sale and you won't even see those insulting offers.
Successful BST transactions with lordmarcovan, Moldnut, erwindoc
If you do not like their best offer just decline it and forget about it. No need to get yer drawers all scrunched up about
an offer which is only, say fifty percent of your buying price. Just move along......
Collector of Buffalo Nickels and other 20th century United States Coinage a.k.a "The BUFFINATOR"
@goldfixer21 said:
I quit offering buyers the Best Offer option. I wasted WAY too much time having to decline insulting offers
You don't have to decline them as they go away on their own when the time expires. You could set up 'auto decline' in your sale and you won't even see those insulting offers.
I did auto-decline low offers, but that doesn't stop them from sending a message with an insulting offer.
I like the best offer option when buying as you don’t have to wait around 6-10 if you make a successful offer. No one makes a seller use this option and no one makes anyone use eBay. If eBay wasn’t around the coin community wouldn’t be doing much for the last three months
Comments
You're missing the point. Many such offers are contingent on the auction ending with zero bids. In those cases, the item is often relisted at a fixed price anyway, sometimes even with Best Offer enabled. Now if the prospective buyer expects you to end the auction early, that's generally unreasonable. I either ignore it or respond with a blanket statement that I never end auctions early. If I did higher volume, I'd probably put bold verbiage in each auction listing stating explicitly that I never end auctions early, so please don't ask me to.
You do not need to enable the "Best Offer" on your listings. If it bothers you then don't enable it.
Latin American Collection
As has been noted previously, not enabling it doesn't prevent people from sending offers.
As usual, I got your point, but you missed mine. If I tell people they can buy it later if there are no bids, I'm guaranteeing there will be no bids because I just told him that not bidding is in his best interest.
It might seem counter-intuitive, but it would actually be better to routinely increase the price of all auctions that generate no bids when they become fixed price. [I sometimes do that, but only rarely.]
I knew a guy years ago who had a very successful comic book B&M. He did 2 things:
Of course, that would be a little harder to do on the internet because of the myriad of sellers. But the basic psychology is correct:
1. You are better off over-pricing it and having a sale. People love a sale.
2. Let people know the only way the price moves is up. [Easier to do in a bull market, of course.]
As I mentioned before, I routinely get messaged offers on items that don't have Best Offer enabled.
I quit offering buyers the Best Offer option. I wasted WAY too much time having to decline insulting offers
You don't have to decline them as they go away on their own when the time expires. You could set up 'auto decline' in your sale and you won't even see those insulting offers.
Successful BST transactions with lordmarcovan, Moldnut, erwindoc
If you do not like their best offer just decline it and forget about it. No need to get yer drawers all scrunched up about
an offer which is only, say fifty percent of your buying price. Just move along......
a.k.a "The BUFFINATOR"
I did auto-decline low offers, but that doesn't stop them from sending a message with an insulting offer.
I like the best offer option when buying as you don’t have to wait around 6-10 if you make a successful offer. No one makes a seller use this option and no one makes anyone use eBay. If eBay wasn’t around the coin community wouldn’t be doing much for the last three months
Lafayette Grading Set