@jt88 said:
I don't use make offer on Ebay. I always do "Buy It now". The bait is out all you need to do is sit and wait for the right fish come to you.
When there is a make offer option with a buy it now listing, why would you not try to buy the item at a lower price? If the offer gets declined you can always then pay full price.
The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer.
I may be wrong but I believe he is stating this as a seller not a buyer.
@jt88 said:
I don't use make offer on Ebay. I always do "Buy It now". The bait is out all you need to do is sit and wait for the right fish come to you.
When there is a make offer option with a buy it now listing, why would you not try to buy the item at a lower price? If the offer gets declined you can always then pay full price.
The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer.
I may be wrong but I believe he is stating this as a seller not a buyer.
In that case I fully agree with him. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@jt88 said:
I don't use make offer on Ebay. I always do "Buy It now". The bait is out all you need to do is sit and wait for the right fish come to you.
When there is a make offer option with a buy it now listing, why would you not try to buy the item at a lower price? If the offer gets declined you can always then pay full price.
The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer.
@jt88 is the seller. In the following, I don't think JT is the fish
The bait is out all you need to do is sit and wait for the right fish come to you.
Generally I ask what they want for the piece. After getting a numer, I play or pass. I rarely counter offer under those conditions. Doing that too often makes you look like a cheap skate.
I have found that the price break is usually around 10%. Of course there are few dealers who way overprice their material who come down more, but generally those guys are not the sort of people I follow.
At any rate, you need to know the market pricing on any offer.
Retired dealer and avid collector of U.S. type coins, 19th century presidential campaign medalets and selected medals. In recent years I have been working on a set of British coins - at least one coin from each king or queen who issued pieces that are collectible. I am also collecting at least one coin for each Roman emperor from Julius Caesar to ... ?
@jt88 said:
I don't use make offer on Ebay. I always do "Buy It now". The bait is out all you need to do is sit and wait for the right fish come to you.
When there is a make offer option with a buy it now listing, why would you not try to buy the item at a lower price? If the offer gets declined you can always then pay full price.
The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer.
Sorry, I meant as a seller I don’t offer make offer option
@MasonG said: The fact that an ebay seller includes a "make offer" with his buy it now price tells me he knows he has overpriced the coin.
It's possible that the item isn't overpriced even though the seller accepts offers. But you already knew that, right?
The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer.
anything is possible. lol
The fact that a seller is willing to take less tells me he thinks he is asking too much, but hey, there are fools out there that just might pay it. Impossible to know what it tells you.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
The fact that a seller is willing to take less tells me he thinks he is asking too much, but hey, there are fools out there that just might pay it. Impossible to know what it tells you.
You said you bypass "Make an Offer" and buy at the listed price sometimes. I'm not sure what that's supposed to tell me, though.
@derryb said:
The fact that a seller is willing to take less tells me he thinks he is asking too much, but hey, there are fools out there that just might pay it. Impossible to know what it tells you.
You said you bypass "Make an Offer" and buy at the listed price sometimes. I'm not sure what that's supposed to tell me, though.
i said, and i quote "The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer."
How is that not clear?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I had a dealer accept almost a 20% discount once, but granted, his original asking price was grossly inflated. I still paid a strong market price....Just ANOTHER reason to do your HOMEWORK.
Generally, I think 10-15% is reasonable.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
It's not clear because you said any item with a "Make Offer" price is overpriced, yet you'll buy without making an offer if you're concerned the item is priced such that another buyer might buy it before your offer is considered, which would appear to indicate the item isn't overpriced, even with the "Make Offer" option available.
It's not clear because you said any item with a "Make Offer" price is overpriced, yet you'll buy without making an offer if you're concerned the item is priced such that another buyer might buy it before your offer is considered, which would appear to indicate the item isn't overpriced, even with the "Make Offer" option available.
Is that clear?
I said "The fact that an ebay seller includes a "make offer" with his buy it now price tells me he knows he has overpriced the coin." Wouldn't this be a case where it is obvious the buyer was wrong in thinking he overpriced the coin?
If I disagree the coin is overpriced and I see a good price I will bypass the "make offer" and hit the buy it now before someone else recognizes the good price and beats me to the coin.
If made any clearer it will be invisible.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@MasonG said:
Items listed with "Make Offer" are overpriced except when they're not. Ok.
They are normally overpriced when the seller has correctly placed a value on them and added his markup for a buyer who has not done his homework. When the seller undervalues them but thinks he has purposely overpriced them based on his incorrect valuation then sometimes they are a good deal at the buy it now price. Buyers with a buy it now price and a make offer option are hoping to catch the uneducated big fish with the normally too high buy it now price.
edited to add...
Take two coins, A & B.
Coin A: "The fact that an ebay seller includes a "make offer" with his buy it now price tells me he knows he has overpriced the coin."
Is coin A overpriced- yes or no?
Yes, if he was correct in the value HE placed on the coin and then raised his buy it now price. Again, if he incorrectly assigned a too low value to the coin and incorrectly believed he overpriced it then NO, the buy it now price MAY BE underpriced.
Coin B: "The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer."
Is coin B overpriced- yes or no?
NO, not if he was low in determining the coins value to which he normally adds a markup on the buy it now price. In such a case if the buy it now price was incorrectly set at a low price (based on the coins actual value) then I will proceed with jumping on the low buy it now price before someone else gets the coin. Wasting time on trying to get the coin at an even lower price with an offer will often cause you to lose the low priced buy it now purchase.
Just trying to understand the point you're making.
Most sellers know the value of what they are selling simply by looking at completed ebay sales. Occasionally you will come across a buy it now seller, who also has a make offer option, that incorrectly undervalued his item when he determined his buy it now price. While he thought he was adding a markup to his buy it now price with hopes of catching the big fish, he was actually still under pricing the coin. In such a case it is wise to jump on the buy it now price and not waste time waiting for him to reply to an even lower offer.
When a buy it now item with a make offer purchase is listed at a bargain price jump on it. But normally, when there is a make offer option the buy it now price has been inflated in hopes of a quick, uneducated buyer.
Any clearer?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
It appears you're assuming the seller doesn't necessarily know what his coin is worth but you do.
Do you? How can you be sure?
There's a particular coin I sell that I have quite a few of. I list them for $25, with the "Make Offer" option enabled. Most people buy the coin at the listed price but a small number (maybe 10%?) will offer less- I'm willing to take $22. Other sellers have gotten as much as $35 for the same coin this month.
It appears you're assuming the seller doesn't necessarily know what his coin is worth but you do.
I know the value of any coin I buy or I would not be buying it. Not all sellers know the value of the coin they are selling because (1) they do not normally sell coins or (2) they didn't do their homework.
Do you? How can you be sure?
There's a particular coin I sell that I have quite a few of. I list them for $25, with the "Make Offer" option enabled. Most people buy the coin at the listed price but a small number (maybe 10%?) will offer less- I'm willing to take $22. Other sellers have gotten as much as $35 for the same coin this month.
You just proved my point that a buy it now seller with a make offer option has padded his buy it now price. The fact that you are cheaper than other sellers only serves to increase your volume.
Is the coin overpriced at $25?
Depends on the value of the coin (what people are currently paying for it on average). You're the one accepting $22 for it, you tell me. It may well have a value of $30, but based on your inventory you are willing to sell them for a lower buy it now price and an even lower make offer price. If so you are proving that there sellers with a buy it now price lower than the value of the coin, even though you do know the coins true value. If i were looking for such a coin with a quantity of only 1 and was afraid someone would beat me to the deal, I would bypass the make offer and hit the buy it now button.
While I do not offer a make offer option I, like you, under price certain coins that have a large inventory to beat out the competition because I know with this particular current "hot" coin that prices will be falling.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
@derryb said:
You just proved my point that a buy it now seller with a make offer option has padded his buy it now price.
Only if you assume there is only one correct price. I would suggest that this is not so.
@derryb said:
Depends on the value of the coin (what people are currently paying for it on average). You're the one accepting $22 for it, you tell me.
I'd say the coin is priced correctly at $22 or $25.
edited to add...
There are a couple of people who will buy $600-$800 worth of coins from me in one order. If they wanted one of these coins, I'd sell it to them for 15 bucks. That's correctly priced, too.
@derryb said:
When a seller is willing to accept less than his buy it now price at the onset of the listing it is safe to say he padded his buy it now price.
That's one opinion.
edited to add... The idea that there's only one correct price for something is certainly an attractive approach, even if somewhat simplistic. Everybody has to figure out what works best for themselves.
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I may be wrong but I believe he is stating this as a seller not a buyer.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
In that case I fully agree with him. LOL
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
The fact that an ebay seller includes a "make offer" with his buy it now price tells me he knows he has overpriced the coin.
It's possible that the item isn't overpriced even though the seller accepts offers. But you already knew that, right?
The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer.
5-10 pct (off bin price) should take it.
@jt88 is the seller. In the following, I don't think JT is the fish
Generally I ask what they want for the piece. After getting a numer, I play or pass. I rarely counter offer under those conditions. Doing that too often makes you look like a cheap skate.
I have found that the price break is usually around 10%. Of course there are few dealers who way overprice their material who come down more, but generally those guys are not the sort of people I follow.
At any rate, you need to know the market pricing on any offer.
Sorry, I meant as a seller I don’t offer make offer option
anything is possible. lol
The fact that a seller is willing to take less tells me he thinks he is asking too much, but hey, there are fools out there that just might pay it. Impossible to know what it tells you.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
You said you bypass "Make an Offer" and buy at the listed price sometimes. I'm not sure what that's supposed to tell me, though.
i said, and i quote "The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer."
How is that not clear?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
I had a dealer accept almost a 20% discount once, but granted, his original asking price was grossly inflated. I still paid a strong market price....Just ANOTHER reason to do your HOMEWORK.
Generally, I think 10-15% is reasonable.
Sometimes, it’s better to be LUCKY than good. 🍀 🍺👍
My Full Walker Registry Set (1916-1947):
https://www.ngccoin.com/registry/competitive-sets/16292/
It's not clear because you said any item with a "Make Offer" price is overpriced, yet you'll buy without making an offer if you're concerned the item is priced such that another buyer might buy it before your offer is considered, which would appear to indicate the item isn't overpriced, even with the "Make Offer" option available.
Is that clear?
I said "The fact that an ebay seller includes a "make offer" with his buy it now price tells me he knows he has overpriced the coin." Wouldn't this be a case where it is obvious the buyer was wrong in thinking he overpriced the coin?
If I disagree the coin is overpriced and I see a good price I will bypass the "make offer" and hit the buy it now before someone else recognizes the good price and beats me to the coin.
If made any clearer it will be invisible.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Items listed with "Make Offer" are overpriced except when they're not. Ok.
edited to add...
Take two coins, A & B.
Coin A: "The fact that an ebay seller includes a "make offer" with his buy it now price tells me he knows he has overpriced the coin."
Is coin A overpriced- yes or no?
Coin B: "The ONLY time I bypass a "make offer" is when the buy it now is so low, I do not want to lose the purchase to another buyer."
Is coin B overpriced- yes or no?
Just trying to understand the point you're making.
They are normally overpriced when the seller has correctly placed a value on them and added his markup for a buyer who has not done his homework. When the seller undervalues them but thinks he has purposely overpriced them based on his incorrect valuation then sometimes they are a good deal at the buy it now price. Buyers with a buy it now price and a make offer option are hoping to catch the uneducated big fish with the normally too high buy it now price.
Yes, if he was correct in the value HE placed on the coin and then raised his buy it now price. Again, if he incorrectly assigned a too low value to the coin and incorrectly believed he overpriced it then NO, the buy it now price MAY BE underpriced.
NO, not if he was low in determining the coins value to which he normally adds a markup on the buy it now price. In such a case if the buy it now price was incorrectly set at a low price (based on the coins actual value) then I will proceed with jumping on the low buy it now price before someone else gets the coin. Wasting time on trying to get the coin at an even lower price with an offer will often cause you to lose the low priced buy it now purchase.
Most sellers know the value of what they are selling simply by looking at completed ebay sales. Occasionally you will come across a buy it now seller, who also has a make offer option, that incorrectly undervalued his item when he determined his buy it now price. While he thought he was adding a markup to his buy it now price with hopes of catching the big fish, he was actually still under pricing the coin. In such a case it is wise to jump on the buy it now price and not waste time waiting for him to reply to an even lower offer.
When a buy it now item with a make offer purchase is listed at a bargain price jump on it. But normally, when there is a make offer option the buy it now price has been inflated in hopes of a quick, uneducated buyer.
Any clearer?
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
It appears you're assuming the seller doesn't necessarily know what his coin is worth but you do.
Do you? How can you be sure?
There's a particular coin I sell that I have quite a few of. I list them for $25, with the "Make Offer" option enabled. Most people buy the coin at the listed price but a small number (maybe 10%?) will offer less- I'm willing to take $22. Other sellers have gotten as much as $35 for the same coin this month.
Is the coin overpriced at $25?
I know the value of any coin I buy or I would not be buying it. Not all sellers know the value of the coin they are selling because (1) they do not normally sell coins or (2) they didn't do their homework.
You just proved my point that a buy it now seller with a make offer option has padded his buy it now price. The fact that you are cheaper than other sellers only serves to increase your volume.
Depends on the value of the coin (what people are currently paying for it on average). You're the one accepting $22 for it, you tell me. It may well have a value of $30, but based on your inventory you are willing to sell them for a lower buy it now price and an even lower make offer price. If so you are proving that there sellers with a buy it now price lower than the value of the coin, even though you do know the coins true value. If i were looking for such a coin with a quantity of only 1 and was afraid someone would beat me to the deal, I would bypass the make offer and hit the buy it now button.
While I do not offer a make offer option I, like you, under price certain coins that have a large inventory to beat out the competition because I know with this particular current "hot" coin that prices will be falling.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Only if you assume there is only one correct price. I would suggest that this is not so.
I'd say the coin is priced correctly at $22 or $25.
edited to add...
There are a couple of people who will buy $600-$800 worth of coins from me in one order. If they wanted one of these coins, I'd sell it to them for 15 bucks. That's correctly priced, too.
When a seller is willing to accept less than his buy it now price at the onset of the listing it is safe to say he padded his buy it now price.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
That's one opinion.
edited to add... The idea that there's only one correct price for something is certainly an attractive approach, even if somewhat simplistic. Everybody has to figure out what works best for themselves.
I never said "correct" price. I did say each coin has a current value. Value is constantly changing as the market changes.
The correct price is the one a buyer pays.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Each coin has more than one current value.
From my experience, 10 to 15 percent will get you a lot of coins.