Is This a "Crack-out" and Dip Candidate?
danreller
Posts: 101
This is the second time I've had this darkly toned coin up for auction. In your opinion, if this doesn't sell should I crack it out and dip it?
Does anyone have any experience in dipping darkly toned coins like this?
1860-O Seated Half
Dan
Dan
0
Comments
Bill
I personally don't think your price is that unreal, but if I were you I would lower it to your rock-bottom, break-even point (allowing a little extra for eBay fees, of course). If that IS your break-even point, then leave the price as it is and scan a bigger and brighter picture. (Not too bright as to misrepresent the toning, but bright enough to show the finer detail- I know hard it can be to scan a coin like that). In my opinion, those little eBay iPix pictures are not big enough, unless you go with the "supersize" option. Your pictures are almost big enough, though, and better than many out there. Just make them a tiny bit bigger and work on the brightness- experiment with scanning the coin at a slight angle, too. Scanning at a slight angle might capture some of the colors- it looks like the coin is not all flat grey- there is some trace of blue on the reverse, right?
I don't find the coin that objectionable. I say leave it alone and work on your picture (and price, if possible). Though a bit dark, it's really not a displeasing coin.
I bought an 1884 CC GSA Morgan for $90. The pic was terrible! Got the coin in and it must have been MS-64. Beautiful.
I took a few good shots and put it up and it sold for $215.
The pic is EVERYTHING - that's all a buyer has to go on.
see? My Auctions "Got any 1800's gold?"
K S
And if you are willing to take the risk and gamble your investment on a "true auction" (i.e. very low start with no reserve), you might actually do better in the long run. I have put up true auctions of coins with a Buy-It-Now price. As you know, that BIN price diappears when the item gets a bid. Sometimes the bidding gets so hot-n-heavy that the thing ends up selling for more than I originally set the BIN at!
Case in point: I had a colonial copper in hideous low grade (Fair-2 and crusty, to boot). I'd paid $1.50 for the thing by buying it in a big bulk lot of coppers. I put up as best a picture as I could (nothing could have made the thing look nice). I was hoping to get $6-8 out of it, but did not put a BIN price on it. It was moderately scarce, but again, it was so ugly that I wanted it out of my sight.
It sold for $36. Several other uglies from the same lot exceeded $15 each (in other words, ten times what I had paid for them on eBay a week or two before). Why? I was selling them individually, with workable individual pictures instead of a small, featureless group picture like the previous seller had used when I bought them. And I started them at one cent with no reserve, so the bidders came in early and started competing with each other. (But at a $1.50 per coin wholesale bulk cost, I had little downside risk). Good thing I didn't use a BIN of $8 on that one particular coin- I would have cheated myself out of $28!
Dan
Greg
Don't dip the coin. I agree with the others you will probably not be happy with the results. Greg has a good idea. If NCS feels they can't help the coin they won't mess with it.
Well, maybe you folks are right. I've never dipped a coin so I have to admit I'm venturing into unknown territory. I don't think I'll dip.
How about a pencil eraser or brasso or simichrome? Just kidding.
I wish someone would take that one off my hands. I hate dark toned coins.
Dan