I sold a Franklin Half on eBay
MS66
Posts: 235 ✭✭✭
Starting price, $2.99. Can you guess where this is going?
Yes, it got one whole bid! No, of course I didn't set a reserve on such a cheap coin.
But wait there's more!
Coin wasn't getting any action so I paid up for Promoted Listings Express! Cost, $2.99!
At least I charged 99 cents for shipping.
Considering the fees, what's the return on investment here? It's negative, even if I had inherited the coin (I didn't).
At least the income tax bite shouldn't be too severe.
No you can't see the listing. Too humiliating.
PS. On the bright side, this was one bidder who actually paid. Wait a minute, that's not actually a good thing is it.
8
Comments
It’s easy to look up recent sales even if you don’t want to post it.
How odd. There isn’t one. Made up story?
Yeah thanks. I'm slightly smarter than that, though it could be argued that the existence of this thread indicates otherwise...
Don't feel so bad. There are a ton of listings sitting at 99 cents!
oof.
the good thing is that it probably isn't much money. even if you made a couple bucks. so i'd say it is more emotional/psychological than anything. probably just plain annoying. lol
it happens.
95% of the time if i list something at auction for .99 i regret it, no matter what it is so i simply stopped doing it. even tried low starting prices but a lot of times they just stay at that price or don't go up much.
find your sweet spot(s) and stick to them or brace for undesireable results. some people can do low start auctions, some can't. cest la vie!
But I looked and there isn’t one,.. so….
Oh I get it… you are the same guy who posted about selling that PCI coin with that other exaggerated story but never could provide photos of that coin either.
https://forums.collectors.com/discussion/1085757/i-sold-a-pci-coin-on-ebay#latest
This is why I start my auctions at my minimum acceptable price.
List your stuff as fixed price for whatever you want to get for the coin. People don't really want to bid against each other on eBay anyway.
Calling @NJCoin
This is an interesting accusation.
The story is plausible and not very interesting. It does happen. Why would he make it up?
Note: I also find no Franklin sales at $2.99 + 99 cents shipping.
Congrats on an excellent tax write off.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Why would it be “too humiliating” for people to see the listing when you’ve already provided the details?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Because he listed a Franklin half and called it a Buffalo nickel?
No Franklin half sold at that price in the last 3 months... at least not when listed as either "Franklin" or "Half" in the coin category.
Well I am not surprised if your 99c start did not do well. Was this some circ VF piece? I have no idea as to the date or condition of the coin, etc. However were this some MS 65 slabbed piece I think bidding would have been more aggressive (based on experience bidding on material there). If the coin has ugly toning, dark spot of course it won’t do well.
Any auctions on eBay I have a start like 10- 20 pct behind CDN bid if say a US Coin. Sometimes they sell or sometimes not. Then rinse and repeat auction cycle or throw back in inventory at retail.
I have sold coins on eBay for over 10 years, including a lot of junk silver (pre 1965 US dimes, quarters, and halves) which I assume is the least value the OP was selling. I start many of my auctions at $9.99.
I cannot reconcile the data the OP provided with ANYTHING I experienced. Junk silver has always attracted interest and I have never made a sale at any price except well above melt. Small lots of junk usually attract even higher premiums.
I never have paid to promote junk silver.
With all respect, I ask MS66 to post a snip or screenshot of his final sale. You would put egg on the face of many posters to this thread, including me.
Please do this to show you are an honest person, worthy of respect.
This has been my experience as well.
This is his second thread that he has created where he just disappears. I doubt his story is real.