@telephoto1 said:
There are indeed occasional BIN bargains, but there is a huge cadre of buyers who hunt theses on the regular, much like a school of sharks waiting for the injured minnow... so unless you are there at the right time you won't ever see these (except in Completed sales). If it's listed as BIN without the Make Offer option attached and has been on the site longer than 12 hours, it's a safe bet it's priced above market or something's wrong with it.
Edit for clarity.
Or demand is low. A BIN sitting for awhile doesn’t necessarily mean it’s overpriced.
@telephoto1 said:
There are indeed occasional BIN bargains, but there is a huge cadre of buyers who hunt theses on the regular, much like a school of sharks waiting for the injured minnow... so unless you are there at the right time you won't ever see these (except in Completed sales). If it's listed as BIN without the Make Offer option attached and has been on the site longer than 12 hours, it's a safe bet it's priced above market or something's wrong with it.
Edit for clarity.
Or demand is low. A BIN sitting for awhile doesn’t necessarily mean it’s overpriced.
True, potentially...especially if one doesn't do their homework and their widget item is buried among a ton of similar listings for the same thing. My experience is that normally they're asking too much in addition to that, however. YMMV
@telephoto1 said:
There are indeed occasional BIN bargains, but there is a huge cadre of buyers who hunt theses on the regular, much like a school of sharks waiting for the injured minnow... so unless you are there at the right time you won't ever see these (except in Completed sales). If it's listed as BIN without the Make Offer option attached and has been on the site longer than 12 hours, it's a safe bet it's priced above market or something's wrong with it.
Edit for clarity.
Or demand is low. A BIN sitting for awhile doesn’t necessarily mean it’s overpriced.
Or the search is being suppressed. Or there is a listing issue that it isn't coming up in most searches.
I've had listings sit for weeks and then get multiple offers at the same time.
@telephoto1 said:
There are indeed occasional BIN bargains, but there is a huge cadre of buyers who hunt theses on the regular, much like a school of sharks waiting for the injured minnow... so unless you are there at the right time you won't ever see these (except in Completed sales). If it's listed as BIN without the Make Offer option attached and has been on the site longer than 12 hours, it's a safe bet it's priced above market or something's wrong with it.
Edit for clarity.
Or demand is low. A BIN sitting for awhile doesn’t necessarily mean it’s overpriced.
Or the search is being suppressed. Or there is a listing issue that it isn't coming up in most searches.
It seems anymore that unless you offer free shipping your listings tend to get buried in search results, so there's that.
I suppose misspelled or ambiguous titles can also affect things- but again, there is also a group of people who specifically look for spelling variations, etc. when searching... there's really not much new under the sun anymore on the bay.
@telephoto1 said:
There are indeed occasional BIN bargains, but there is a huge cadre of buyers who hunt theses on the regular, much like a school of sharks waiting for the injured minnow... so unless you are there at the right time you won't ever see these (except in Completed sales). If it's listed as BIN without the Make Offer option attached and has been on the site longer than 12 hours, it's a safe bet it's priced above market or something's wrong with it.
Edit for clarity.
Or demand is low. A BIN sitting for awhile doesn’t necessarily mean it’s overpriced.
I sell world coins and for many, demand is not anything like with US coins. It's not at all unusual to have a coin listed for a year or longer before a buyer comes along and buys it at the listed price even though offers are welcome.
@droopyd said:
I'll always take advantage of the "make on offer" feature on eBay, I usually offer 20% or so below ask, sometimes it's accepted, sometimes countered at about 10% off and then I'll buy it most of the time.
I agree with this buying strategy. When I see the "make an offer" option, I always assume the seller is willing to take less than his ask price. It would be foolish not to negotiate a lower price.
Not necessarily, if the coin is already reasonably priced and you buy it while somebody else is fooling around negotiating for a lower price.
Agree but it's rare that a "make an offer" coin on eBay is reasonably priced but I guess it's theoretically possible.
I don't know about "rare". Half my sales are at the listed price even though I accept offers and I regularly buy coins using eBay that I turn around and resell for a profit.
Just sayin'.
When I first started I had way more offers than I do these days even tho 99% of my coins accept offers. I send offers all day long but most of my coins sell as bin these days. It's kinda surprising because I'd think people would want to pay less... Otoh if I see a lot of watchers on something and I want it I have been known to just buy it.
@droopyd said:
I'll always take advantage of the "make on offer" feature on eBay, I usually offer 20% or so below ask, sometimes it's accepted, sometimes countered at about 10% off and then I'll buy it most of the time.
I agree with this buying strategy. When I see the "make an offer" option, I always assume the seller is willing to take less than his ask price. It would be foolish not to negotiate a lower price.
Not necessarily, if the coin is already reasonably priced and you buy it while somebody else is fooling around negotiating for a lower price.
Agree but it's rare that a "make an offer" coin on eBay is reasonably priced but I guess it's theoretically possible.
I don't know about "rare". Half my sales are at the listed price even though I accept offers and I regularly buy coins using eBay that I turn around and resell for a profit.
Just sayin'.
When I first started I had way more offers than I do these days even tho 99% of my coins accept offers. I send offers all day long but most of my coins sell as bin these days. It's kinda surprising because I'd think people would want to pay less... Otoh if I see a lot of watchers on something and I want it I have been known to just buy it.
People make offers when they don't really care. If you really want something, I think you buy it before someone beats you to it.
The offer conversion (you send the offer) tends to be pretty low. I think that reflects what I'm saying. Lookers aren't necessarily serious buyers.
If your BIN is realistic, you usually don't need the "make offer" feature because knowledgeable buyers will know it's realistic, and unknowledgeable buyers... well, frankly do you really want the hassle when they want to return it after they haggle you? Because that's what's probably going to happen, if experience is any teacher.
And to those who say "well, if it's close, I might accept an offer"... then why not put the BIN at what you'll accept in the first place?
These days more than ever, people are looking for ANY edge they can get. I'm definitely not a fan of someone talking down a piece I have for sale and coming in with a low-ball offer... especially when I already have a price based on Grey Sheet/Price Guides/and recent auctions.
I especially dislike potential buyers that initiate correspondence by telling me I've got nice material, but then describe how poor they are... and can they get a discount... Why are these people buying coins in the first place if they're stretched that thinly?! Perhaps Coin Collecting isn't the hobby for them... or... they need to buy lesser material and pay accordingly...
I've not blocked anyone yet, but the thought has crossed my mind a time or two...
Collecting: Dansco 7070; Middle Date Large Cents (VF-AU); Box of 20;
@telephoto1 said:
If your BIN is realistic, you usually don't need the "make offer" feature because knowledgeable buyers will know it's realistic...
I didn't used to include the option for best offer but I got enough requests anyway that I figured I might as well add a couple of bucks to the price and include it. Most of what I have sells for prices that fall in a range that allows me to do that. If a coin typically sells for $50 to $60 and I would have ordinarily priced it at $53, now I'll price it at $58 and accept an offer of $53. And the bonus here is that sometimes, the coin sells for $58.
@telephoto1 said:
And to those who say "well, if it's close, I might accept an offer"... then why not put the BIN at what you'll accept in the first place?
Because you'll still get requests with even lower offers. Everybody wants to think they're getting a deal.
@lkenefic said:
These days more than ever, people are looking for ANY edge they can get. I'm definitely not a fan of someone talking down a piece I have for sale and coming in with a low-ball offer... especially when I already have a price based on Grey Sheet/Price Guides/and recent auctions.
I especially dislike potential buyers that initiate correspondence by telling me I've got nice material, but then describe how poor they are... and can they get a discount... Why are these people buying coins in the first place if they're stretched that thinly?! Perhaps Coin Collecting isn't the hobby for them... or... they need to buy lesser material and pay accordingly...
I've not blocked anyone yet, but the thought has crossed my mind a time or two...
I usually don't block people unless they are obvious scammers, but I've started making exceptions for people to try to tell me what my product is worth (I don't list something without doing research so I'm not just posting prices for fun!). If you aren't happy with the price up front, you probably won't be happy when you receive it.
I don't mind if you want to negotiate or ask questions, but don't diss the product then expect me to sell to you. You don't walk into a pawn shop or car dealer and tell them their product is crap, so sell it to me to less than half what it's worth.
@telephoto1 said:
And to those who say "well, if it's close, I might accept an offer"... then why not put the BIN at what you'll accept in the first place?
Because you'll still get requests with even lower offers. Everybody wants to think they're getting a deal.
...which goes back to my statement that knowledgeable buyers will know a good deal when they see it, if you already have it priced at a "good deal" level... and not having BIN means not having to hassle with silly offers...you can just ignore any PMs wanting the item at less than it's worth. I don't like haggling and, in my experience at least, Make Offer lately with very few exceptions is just an invite for all the cheapskates or non-serious buyers to waste your time. When we do eBay we generally either do BIN or auctions anymore, mostly auctions. That way all the deal-wanters can take their shot.
@telephoto1 said:
And to those who say "well, if it's close, I might accept an offer"... then why not put the BIN at what you'll accept in the first place?
Because you'll still get requests with even lower offers. Everybody wants to think they're getting a deal.
...which goes back to my statement that knowledgeable buyers will know a good deal when they see it, if you already have it priced at a "good deal" level... and not having BIN means not having to hassle with silly offers...you can just ignore any PMs wanting the item at less than it's worth. I don't like haggling and, in my experience at least, Make Offer lately with very few exceptions is just an invite for all the cheapskates or non-serious buyers to waste your time. When we do eBay we generally either do BIN or auctions anymore, mostly auctions. That way all the deal-wanters can take their shot.
It seemed like I got a lot of people making offers and haggling back and forth last year (and I enjoyed making decent deals with people that way) then the last few months... Lately it's been lowball and no responses to offers or counters. What you say seems more true today than my earlier experience. I used to always put a minimum offer amount that would weed out the low balls automatically, but then I stopped doing that and am considering reinstating minimums.
To your point it seems in my experience of late anyone making an offer isn't serious. Almost all my buys have been bin without a negotiated deal.
Comments
Or demand is low. A BIN sitting for awhile doesn’t necessarily mean it’s overpriced.
True, potentially...especially if one doesn't do their homework and their widget item is buried among a ton of similar listings for the same thing. My experience is that normally they're asking too much in addition to that, however. YMMV
RIP Mom- 1932-2012
Or the search is being suppressed. Or there is a listing issue that it isn't coming up in most searches.
I've had listings sit for weeks and then get multiple offers at the same time.
It seems anymore that unless you offer free shipping your listings tend to get buried in search results, so there's that.
I suppose misspelled or ambiguous titles can also affect things- but again, there is also a group of people who specifically look for spelling variations, etc. when searching... there's really not much new under the sun anymore on the bay.
RIP Mom- 1932-2012
Cases like this I would recommend him to search elsewhere. Holy crap I would not want to deal with someone like that. I would probably block this guy.
@jmlanzaf ........
i was going to ask you the same thing....would you sell it for a lower price? And btw if it is a fake ~ I plan to sue your ass....
I sell world coins and for many, demand is not anything like with US coins. It's not at all unusual to have a coin listed for a year or longer before a buyer comes along and buys it at the listed price even though offers are welcome.
When I first started I had way more offers than I do these days even tho 99% of my coins accept offers. I send offers all day long but most of my coins sell as bin these days. It's kinda surprising because I'd think people would want to pay less... Otoh if I see a lot of watchers on something and I want it I have been known to just buy it.
https://www.the4thcoin.com
https://www.ebay.com/str/thefourthcoin
People make offers when they don't really care. If you really want something, I think you buy it before someone beats you to it.
The offer conversion (you send the offer) tends to be pretty low. I think that reflects what I'm saying. Lookers aren't necessarily serious buyers.
If your BIN is realistic, you usually don't need the "make offer" feature because knowledgeable buyers will know it's realistic, and unknowledgeable buyers... well, frankly do you really want the hassle when they want to return it after they haggle you? Because that's what's probably going to happen, if experience is any teacher.
And to those who say "well, if it's close, I might accept an offer"... then why not put the BIN at what you'll accept in the first place?
RIP Mom- 1932-2012
These days more than ever, people are looking for ANY edge they can get. I'm definitely not a fan of someone talking down a piece I have for sale and coming in with a low-ball offer... especially when I already have a price based on Grey Sheet/Price Guides/and recent auctions.
I especially dislike potential buyers that initiate correspondence by telling me I've got nice material, but then describe how poor they are... and can they get a discount... Why are these people buying coins in the first place if they're stretched that thinly?! Perhaps Coin Collecting isn't the hobby for them... or... they need to buy lesser material and pay accordingly...
I've not blocked anyone yet, but the thought has crossed my mind a time or two...
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
I didn't used to include the option for best offer but I got enough requests anyway that I figured I might as well add a couple of bucks to the price and include it. Most of what I have sells for prices that fall in a range that allows me to do that. If a coin typically sells for $50 to $60 and I would have ordinarily priced it at $53, now I'll price it at $58 and accept an offer of $53. And the bonus here is that sometimes, the coin sells for $58.
Because you'll still get requests with even lower offers. Everybody wants to think they're getting a deal.
I usually don't block people unless they are obvious scammers, but I've started making exceptions for people to try to tell me what my product is worth (I don't list something without doing research so I'm not just posting prices for fun!). If you aren't happy with the price up front, you probably won't be happy when you receive it.
I don't mind if you want to negotiate or ask questions, but don't diss the product then expect me to sell to you. You don't walk into a pawn shop or car dealer and tell them their product is crap, so sell it to me to less than half what it's worth.
https://www.the4thcoin.com
https://www.ebay.com/str/thefourthcoin
...which goes back to my statement that knowledgeable buyers will know a good deal when they see it, if you already have it priced at a "good deal" level... and not having BIN means not having to hassle with silly offers...you can just ignore any PMs wanting the item at less than it's worth. I don't like haggling and, in my experience at least, Make Offer lately with very few exceptions is just an invite for all the cheapskates or non-serious buyers to waste your time. When we do eBay we generally either do BIN or auctions anymore, mostly auctions. That way all the deal-wanters can take their shot.
RIP Mom- 1932-2012
It seemed like I got a lot of people making offers and haggling back and forth last year (and I enjoyed making decent deals with people that way) then the last few months... Lately it's been lowball and no responses to offers or counters. What you say seems more true today than my earlier experience. I used to always put a minimum offer amount that would weed out the low balls automatically, but then I stopped doing that and am considering reinstating minimums.
To your point it seems in my experience of late anyone making an offer isn't serious. Almost all my buys have been bin without a negotiated deal.
https://www.the4thcoin.com
https://www.ebay.com/str/thefourthcoin