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Interesting advice on when to end a coin auction.

LakesammmanLakesammman Posts: 17,417 ✭✭✭✭✭
in U.S. Coin Forum

Was at my local gun shop the other day and was talking with one of the guys I know there.

He mentioned that when selling on line, he lists to end on a Sat. night. He said it's the most likely time someone has been drinking and won't want to be outbid. He's had very good "luck" doing that.

I'm going to try that on my next few ebay listings!

"My friends who see my collection sometimes ask what something costs. I tell them and they are in awe at my stupidity." (Baccaruda, 12/03).I find it hard to believe that he (Trump) rushed to some hotel to meet girls of loose morals, although ours are undoubtedly the best in the world. (Putin 1/17) Gone but not forgotten. IGWT, Speedy, Bear, BigE, HokieFore, John Burns, Russ, TahoeDale, Dahlonega, Astrorat, Stewart Blay, Oldhoopster, Broadstruck, Ricko, Big Moose.

Comments

  • JW77JW77 Posts: 567 ✭✭✭✭✭

    The casinos use that same strategy!

  • Project NumismaticsProject Numismatics Posts: 1,604 ✭✭✭✭✭

    Very interesting. I had some GC items that ended during the Super Bowl. They did ok, but I think may have done slightly better ending on a different week. The Saturday advice is interesting - I may try that on EBay. Would be interesting to gather enough data for statistical significance to see if the advice is valid.

  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    I’ve posted several times how Friday, Saturday nights and Sunday afternoon are my favorite times for auctions to end. eBay gets wild and I have been rewarded with a number of great deals as a buyer. I guess the partying can help sellers and buyers. Some won’t be out bid and others give up or get distracted. 👍🏼

    🎶 shout shout, let it all out 🎶

  • RobMRobM Posts: 563 ✭✭✭

    @Lakesammman said:
    Was at my local gun shop the other day and was talking with one of the guys I know there.

    He mentioned that when selling on line, he lists to end on a Sat. night. He said it's the most likely time someone has been drinking and won't want to be outbid. He's had very good "luck" doing that.

    I'm going to try that on my next few ebay listings!

    Ironically, the gun shops with indoor ranges are also busy on a Saturday night.

  • moursundmoursund Posts: 3,207 ✭✭✭✭✭

    @Jzyskowski1 said:
    I’ve posted several times how Friday, Saturday nights and Sunday afternoon are my favorite times for auctions to end. eBay gets wild and I have been rewarded with a number of great deals as a buyer. I guess the partying can help sellers and buyers. Some won’t be out bid and others give up or get distracted. 👍🏼

    Must depend on what is being sold... Assault rifles vs Amish Farming tools, for example... :wink:

    100th pint of blood donated 7/19/2022 B) . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
  • cmerlo1cmerlo1 Posts: 7,928 ✭✭✭✭✭

    My logic was that Sunday, Monday, and Tuesday nights were best because everyone is likely to be home and available to bid. I'm listing some things tonight (first time on a Saturday), and I'll see how they do!

    You Suck! Awarded 6/2008- 1901-O Micro O Morgan, 8/2008- 1878 VAM-123 Morgan, 9/2022 1888-O VAM-1B3 H8 Morgan | Senior Regional Representative- ANACS Coin Grading. Posted opinions on coins are my own, and are not an official ANACS opinion.
  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭
    edited February 19, 2022 3:16PM

    My favorite time to play live poker is on Saturday night in a casino that allows drinking at the table B)

  • nwcoastnwcoast Posts: 2,880 ✭✭✭✭✭

    Cool!
    I just listed an auction on EBay to test it out :-)

    Happy, humble, honored and proud recipient of the “You Suck” award 10/22/2014

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  • rickoricko Posts: 98,724 ✭✭✭✭✭

    The logic is there.... and as I reflect back on auctions I have participated in or observed, there could well be statistical data that could be gleaned to support it. Cheers, RickO

  • Che_GrapesChe_Grapes Posts: 1,884 ✭✭✭✭✭

    I’ve been known to overbid after a few libations - but I might argue those are also the first auctions to get returned because it doesn’t take 14 days to sober up...

  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    Ok. There’s a lovely little item available. It’s Saturday night and I am in full sniper mode. Wish me luck I’ve been hunting for one for months at the right price. I keep missing out for this or that reason. Last week one was posted at a great price but this will be even better. I’ll know after midnight eastern.

    🎶 shout shout, let it all out 🎶

  • skier07skier07 Posts: 4,072 ✭✭✭✭✭

    @ErrorsOnCoins said:
    My favorite time to play live poker is on Saturday night in a casino that allows drinking at the table B)

    There’s never a bad time to play poker in a So. Cal. casino.

  • airplanenutairplanenut Posts: 22,245 ✭✭✭✭✭

    So that guy is looking for drunk sniper snipers?

    JK Coin Photography - eBay Consignments | High Quality Photos | LOW Prices | 20% of Consignment Proceeds Go to Pancreatic Cancer Research
  • MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    @airplanenut said:
    So that guy is looking for drunk sniper snipers?

    I wonder how often drunk snipers find significant problems with the coins they win once they've sobered up.

  • skier07skier07 Posts: 4,072 ✭✭✭✭✭

    @MasonG said:

    @airplanenut said:
    So that guy is looking for drunk sniper snipers?

    I wonder how often drunk snipers find significant problems with the coins they win once they've sobered up.

    They probably find significant problems with the price they paid.

  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭

    Celebrating 15 years of nary a drop. I see a number of things being booze free that are funny now. I’ve got my drunk coins as reminders.
    Well off to coin central and prepare for a little hunting. 👍🏼

    🎶 shout shout, let it all out 🎶

  • MasonGMasonG Posts: 6,261 ✭✭✭✭✭

    @skier07 said:

    @MasonG said:

    @airplanenut said:
    So that guy is looking for drunk sniper snipers?

    I wonder how often drunk snipers find significant problems with the coins they win once they've sobered up.

    They probably find significant problems with the price they paid.

    And that's when they find a problem with the coin they bought.

  • jesbrokenjesbroken Posts: 10,154 ✭✭✭✭✭

    I've found over 18 yrs selling on ebay(not a large dealer by any means), that if selling a hot item then end it on Sat night after 8pm. If selling a soso item, end it on Sun night before 11pm. This truly matters for coins, at least among my followers and new buyers.
    Jim


    When a man who is honestly mistaken hears the truth, he will either quit being mistaken or cease to be honest....Abraham Lincoln

    Patriotism is supporting your country all the time, and your government when it deserves it.....Mark Twain
  • Jzyskowski1Jzyskowski1 Posts: 6,650 ✭✭✭✭✭
    edited February 27, 2022 9:14AM

    Well watched the auction and the price got to high. So went to looking again and found a new listing for buy it now and 20% less , same coin. To avoid embarrassment I’ll post a picture when it arrives. Like to think I can tell condition from a picture of the coin(kinda) and not a generic picture. It’s in a ngc slab, which is a comfort. PCGS, NGC ,ANACS or ICG. adds a degree of safety.
    I’m also getting better at reading the sellers description and other details.
    If this one works out I will have completed a graded set.
    Haven’t had this happen before where I found a replacement that quickly. 👍🏼

    🎶 shout shout, let it all out 🎶

  • moursundmoursund Posts: 3,207 ✭✭✭✭✭

    @Jzyskowski1 said:
    Celebrating 15 years of nary a drop. I see a number of things being booze free that are funny now. I’ve got my drunk coins as reminders.
    Well off to coin central and prepare for a little hunting. 👍🏼

    Good on ya!

    100th pint of blood donated 7/19/2022 B) . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
  • Pnies20Pnies20 Posts: 2,416 ✭✭✭✭✭

    Whenever I am watching a coin ending on a Saturday, I always forget to bid 🤔 I wonder why
    🍺 🥴

    I was always told Sunday night is the best time to end an auction.

    BHNC #248 … 130 and counting.

  • derrybderryb Posts: 37,205 ✭✭✭✭✭

    Did he mention how many cancellations he gets?

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