When was the last time you used eBay's BIN feature?

Steve27

Periodically, I used to find some decent buy-it-now prices on eBay. For instance, I purchased an MS64FBL franklin for $20 via BIN. But lately the BIN prices all seem to be ridiculously high. I would have expected just the opposite since eBay now charges a premium for the service. What has your experience been?

MastaHanky

I have yet to use the Buy It Now feature. I've only once seen something that I'd pay the Buy It Now price for, and even then, I chose not to use it because I'm pretty sure I could get it for less. (I guess I'll find out soon because it's actually a current auction.)

nwcs

I've used it several times. Mostly last month. Only when I feel the BIN is a fair price for the coin. If I think it's on the high end of my expected to pay range, then I'll wait and see. And snipe!

Placid

Last week I saw a nice coin with a bin of $34 and a starting price of $29. The auction had 12 hours left so I bid the $29 then bid again at $34 so my bid was still $29 with a max of $34 hoping to get a better price. I lost and the coin sold for $39.

IrishMike

I purchased a 1999 PF 70 SAE for $125, resold it a month later for $190. Of course I could have cracked it out of the NGC slab, crossed it over into a 69 PCGS and sold if for $50-$75. I had noticed the seller using BIN's on all of his items, which we all priced for quick sale. The only thing I can think of was that he was trying to raise cash quickly or didn't care to know where the market was.

dorkkarl

only ever used it once, probably a year ago, not since. i don't think it makes much sense, considering these are supposed to be auctions

JeffinMich

Never used it.

lathmach

I have used this a couple times to buy rare varieties at cheap prices.
One was an 1840-O large O with Drapery Seated Quarter in fine for $16.
Love to see the BIN just for this reason. People sell stuff without without having the foggiest idea of what they're selling.

Ray

TheNumish

As a seller I just started using buy it now on my auctions. I found if you price the item fairly or a little on the cheap side people use it. I posted a run of 10 proof silver eagles in 69 DCAM holders and 8 of them sold with the BIN. I guess it's all just a matter of price.

FlyTooHigh

I used it a few nights ago to purchase the frosty Kennedy half Russ and others were discussing:

Old Frosty!

LanLord

<< <i>I used it a few nights ago to purchase the frosty Kennedy half Russ and others were discussing: Old Frosty! >>

I saw that one a couple nights ago and thought it was impressive looking then, still do. Have you received it yet? Does it look as good in person as it does on the scan?

prooflike

I've never used the BIN...

byergo

Used it yesterday to procure a "monster toned" orange Morgan. Real nice coin for the money.

Russ

Used it last night. Use it quite a bit, actually.

Russ, NCNE

gmarguli

As a seller I stopped using it when they started charging for it. No use paying 5¢ to use BIN when the first bid of 1¢ will deactivate it.

As a buyer I have used it only a couple of times. Most of the time the BIN is retail or higher.

Colorfulcoins

As an ebay seller, I decide when to offer BIN. Ifs its a particularily nice coins and I think someone will want to grab it, I use BIN. However, it works best when you use in conjunction with a Reserve - else, it just takes one bid and the BIN is gone. A reserve keeps the BIN available for more potential buyers to take advantage of.

Now having siad that, I use to BIN myself but I agree with many of the thread comments before where BIN prices are absurd many times. BIN is great when its at market not 100-300% or more above market! IMHO......

1956Quarter

Use it all the time. I usually set it at slightly higher than what I want to get out of the item. It it goes that way I get a bonus, if not, oh well. On the other hand, I've seen this abused way too much. IE: You'll see a $100 item with a starting bid of $9.99 and a BIN of $379.99. Just a moron looking for a pigeon.

perfectstrike

I almost always buy printer and computer supplies with BIN.
For coins, the price has to be right. I've used is a lot in the distant past, very little lately.
As a seller, I've not used the new BIN feature to stop the first bid from killing BIN.

perfectstrike

Clankeye

Last time I used it was for a PCGS 64 Lincoln commem at $95. I put it back on eBay and it went $125 in a 7 day auction. I don't usually have much interest in doing that. But, for $95 I just couldn't pass.

goose3

I used it the other night on an ANACS AU details net EF40 1828 1/2 cent for my son's book.

I got it for ef bid! Looks fantastic!!!!!!!!

besides, I just bust it out anyways for his album!

JimD

I have it used several times when I see a particular coin I am looking for at a fair price.

airplanenut

I haven't been to eBay for such a long time... To return shortly!!!

Mrpawn

Three times in the last hour. Been about a month before that.

gemseeker

I used it two times and shot myself in the foot because both coins (a Morgan dollar and Panda coin) could have been bought from less later.

FC57Coins

The last time I used it I got a 53S Franklin in MS66 for $160. I had seen one go the previous week for $240 so I couldn't pass it up. Turned out to be a very nice piece.

Regards,

Frank

BigD5

I use the BIN feature sporadically as a buyer. As a seller, I have many auctions close with the BIN used, usually one or two auctions a week.

braddick

<< <i>As a seller I stopped using it when they started charging for it. No use paying 5¢ to use BIN when the first bid of 1¢ will deactivate it. As a buyer I have used it only a couple of times. Most of the time the BIN is retail or higher. >>



Greg- it doesn't have to go down that way. For example, let's say you've got a $100.00 retail coin. Your BIN is $85.00. Instead of setting a starting price of .01 with No Reserve, keep the No Reserve status but have your start price set higher (maybe $35.00 in the above example).
That way if someone is serious about the coin they've got time to pull the trigger.

TWQG

2 nights ago. BIN'd a piece for $195 that DL is selling for $355. I probably still overpaid

IrishMike

<< <i>2 nights ago. BIN'd a piece for $195 that DL is selling for $355. I probably still overpaid >>



Not if it was toned.

Jaredc

I used it the first time I used e-bay, just to make the whole first time process easier.

stman

Used bin a few days ago. Opening bid was 1025.00 it would have probably closed between 1150.00 and 1200.00. Emailed seller about adding bin. He added bin of 1200.00 and I took it. He paid for express mail insured and we were both happy.

stman