Need your opinion on these auctions!!!---Moved to BST forum!

mnmcoin

Sorry for getting all upset! Not my intention.

mo <><

itsnotjustme

mnmcoin,
I'm not sure modern toned coins carry the same magnitude premium some of the classics do.

I did place one bid

BSqr

now I've mostly collected moderm commems so take that into consideration here but the prices seem high.
take that 1939-D jeff MS66 for example, from what I can tell it sells for around $85. Your starting bid is $300 with a BIN of $500. THat seems high to me. I know folks around here talk about the toning premium and all that but a 350% toning premium just for starting bid? Is that a typical mark up for similar toning??

As pretty as it may be I just couldn't bring myself to spend that much on that particular coin. That's just my 2 cents. Good day and good luck.

DCAMFranklin

I think I will pass. Looks more like poorly disguised advertising to me!

LucyBop

I went through ever auction and it's a good thing you weren't trying to sell a Frankie behind my back!

tompkins

Your prices generally seem a little high to me (NO! that's NOT a criticism). That, coupled with your restocking fee tend to steer me away from your auctions---again, NOT a criticism as you are VERY open about both!! My guess is that the explanation is far simpler than any of that, however. It is a three day holiday weekend and a lot of people probably have something better to do than look at coins for sale on eBay. But you do have some nice coins out there today, and, my comments above notwithstanding, I may bid on a couple of them here in the next couple hours!

Pete

andy007

what kind of light do you use? they look flooded with light to me, there's no way to determine luster or marks. Just my opinion.

SemperFI

I think most of them are nice coins. It is just that for low grade modern proof/unc. coins, the prices are a little too high. I would start them off at $9.99 and see where they go from there. I am sure people would go crazy to buy them then.

LucyBop

I personally speak for mnm..... He has given me some KILLER deals on some outstanding Franklins!!!! Always a pleasent experience to deal with him... And the coins are PQ!!! A seller that is deffinately HepKitty approved! With that said, woe to him if he sells a Frankie behind my back!

tsacch

nice coins, kinda high on price. What you list as rainbow.....is colorfully toned, but in my book not a true rainbow. Some are rainbow, dont get me wrong, but most are monochromatic. When I search for rainbow coins and I come across coins like yours that are monochromatic.... And with high buy it nows...or high reserves...I am gone.....NEXT

Gook luck, I hope you get what you need for them.

Clankeye

I'm going to just state this simply. 23 auctions linked by a forum member in the US Coin Forum. This is an abuse, and it makes me angry.

Carl

jom

You know, I just posted a listing in the buy/sell forum and I was certain you aren't supposed to do that here....or I WOULD have. What's the consensus on this????

Just curious.

jom

Tonekiller

MNM,

Nice. I think you should stop all of them and just sell them to use at Long Beach.

TBT


IMO, Lighten up folks!

kaleidoscopic

Post what you want. If others don't want to read it, don't open it. His title doesn't hide anything.

TomB

Okay, these comments are given in the spirit of constructive criticism only. I can see how some might think you are trying to skirt the no advertising edict on the US Coin Board by placing these ads before the auctions close but I will not doubt your integrity on the issue. Here is what I see-

1)Many of the coins are flooded with light and this makes it difficult to tell what is really going on with the strike, surfaces, luster and marks on the coins.
2)A 5% restocking fee and minimum $5 return fee are an automatic flag to me to tell me never to bid on your auctions because you expect a healthy rate of return. In other words, your coins are not as nice as advertised and you want to slow down people from getting their money back.
3)Instances of very high shipping rates. Charging $6 postage on a less than $30 coin is a lot! Similarly, charging $12 for a less than $100 coin is also a ton.
4)Some of your prices are simply way too high for the material as offered.
5)Coins you describe as rainbow do not look rainbow in your images.

So, I might be afraid to bid on your auction of, lets say, a $30 coin because when I get it I might think the image was not true to the look and if I wanted to return it I would be stuck with $6 shipping plus a $5 return fee plus my shipping back to you. In other words, $15 to return a $30 coin. No thanks.

Clankeye

He can post whatever he wants. And I can respond to it in anyway I want. Throw it out in public, get a reaction. Obviously, my stating I don't dig it, isn't a decree--it's an opinion. Mine.

Carl

ARCO

Coins all look nice...but none are those deeply toned "monsters" (yeah I hate that term too) that collectors are clamoring for. Seems a lot of sellers are taking any old coin with a hint of color and putting them in the same pricing category that the truly beautifully toned coins sell for. For a huge premium I need my retinas seared by color!

Restocking fees, high return charges dont help. And finally, when someone dictates to me in an auction what a coin is worth then I look for another auction. Maybe it is auction psychology, but starting a coin at $1.00 says to the world "I know I have a killer coin and it will fetch what it is worth", that seems to draw a lot of interest. Everything else is a dealer trying to make a profit.

Good luck,
Tyler

coinguy1

Sorry, but my opinion is that it's spam and not the first time, either.

dbldie55

<< <i>Post what you want. If others don't want to read it, don't open it. His title doesn't hide anything. >>



Advertising on this forum is against the "rules"! It doesn't matter what anyone thinks, it is a no-no. The boards dealer tried to be allowed to advertise on this board, and ran a poll which over whelming supported it. Even then PCGS said no, so he had them create the registry forum for him to advertise on.

Why is it that people no longer care if someone breaks the rules.

snake

I checked your auctions and the biggest thing is the price.To HIGH! Snake

Tonelover

I don't mind paying a premium for pieces that I like, but your prices are just too high. Sorry.

Oh yeah, to me, re-stocking fees are as bad as saying no returns. I do my fair share of returning, and anyone who is going to penalize me for that is just not going to get my bids regardless of how good a picture may be.

Bulldog

EM has been a very positive member on this board. Generally he has great knowledge and great coins.

Unfortunately, this thread seems to be more self serving, than that of general interest.

Perhaps a better vehicle or approach would have been to go to several known collectors on this board via PM, with a request for them to review the auctions and reply.

On the other hand, this board at times becomes very intolerant of minor transgressions by solid board members in one instance, and then fully tolerant of other trangressions by others. I don't get it!

This really used to be a great place for comraderie and knowledge. Now it is just a place to come and slum for me. Perhaps I am guilty of Cabin fever, but it aint what it used to be. A person can get flamed here quicker than a burger at Burger King.

This is my Humble Opinion, so I can't be wrong!

Bulldog

sinin1

After these close, relist them all but start at 1 cent with no reserve- some people on the board really like these.

I love your icon coin, but not $1500 worth, maybe $50

RYK

I think the coins are overpriced. I would not buy any of them.

wingedliberty

Isn't the buy/sell/trade forum more approriate for this kind of thread?


Brian.

gsaguy

Sorry Morris, but I have to agree with those that say this thread smacks of spam.

Now don't get me wrong, I love spam. Especially when thinly slice and fried.

GSAGUY

braddick

(I agree with the overall sentiment here, but let's throw mncoin a bone. He's a good guy and lets chalk this one up as a freebie. )

Whitewashqtr

I personally returned 2 coins from mnm (before the restocking fee) as they were not nearly as advertised. I just thought I should state that for the record and I refrain from placing any bids on mnm's auctions.

Sorry Morris.. you continually seek the approval of this Forum's Board Members from time to time and I guess you really do not use the feedback to change anything in your sales approach. Frankly, I think you should stop continuing to seek the opinions of the members of this Board for your auctions since as you can read from this thread.. and many share the same opinions... that you do nothing to change the way you operate IMHO.

DanC

Bottom line on ebay IMHO... start 'em at $1.00, and let the market decide what they're worth.

You'll win a few, you'll lose a few. Ususally - if it's a good coin, well photographed - you'll win.

I listed 25 auctions in the past 2 days. All but 7 already have bids, and some are heating up nicely.
Every time - bar none that I started an auction close to what I thought it should go for... no bids.

Start it at $1.00 - and every time they go for more than I thought they would when I set a higher price.

I don't claim to be the 'expert of ebay' - or an expert at anything... but I know what I've seen.
And $6.00 is WAY too much for shipping IMHO.

Pictures speak 1,000 words. Great pictures, perhaps 1,500. Text means little... again - just my opinion,
but it seems to work for me. Obviously you are free to do as you please.

edit:

p.s. - on the auctions that have bids... your photography is MUCH better in 90% of the cases.
On the ones that don't - it's fair to good at best. Not trying to condemn or criticize, just rationalize.

keets

The Problems:

1. a return policy with a restocking fee isn't really a return policy.
2. an auction that starts at $100 dollars isn't really an auction.
3. exhorbitant shipping fees are just a way to cover the cost of listing an item.
4. a photograph which doesn't attempt to depict the coins actual appearance is deceptive.
5. links to one's own auctions on the U.S. coin forum are generally discouraged as advertising.

The Solutions:

1. offer a 7-day no questions asked return with no restocking fee.
2. always start at $1, let the coin sell itself and use a reserve if need be.
3. base shipping on actual supply cost and postage/insurance rates. be reasonable.
4. take the most representative picture possible and give a clear, accurate and unemotional description.
5. move this over to the BST from now on or lose the links.

just my PR65 two-cents worth!!

al h.

DCAMFranklin

<< <i>I'm going to just state this simply. 23 auctions linked by a forum member in the US Coin Forum. This is an abuse, and it makes me angry.

Carl >>




Complete agreement there Carl. This kind of thread doesn't belong here. Like Mark Feld said, "not the first time, either." This Forum has been used repeatedly as a means of advertising Mnmcoin's auctions. I hope this is the last.

relayer

<< <i>Unfortunately, due to many cherrypickers in the hobby I have to impose a 5% restocking fee on all certified coins. There is a minimum $5 charge and $50 maximum. ***Bid with confidence*** >>



As I buyer, I read that as



<< <i>Many people who want high quality return my coins, so I have to impose a 5% restocking fee on all certified coins. There is a minimum $5 charge and $50 maximum. ***Bid with confidence*** >>



Bid with the confidence that the most I'll have to pay is $50 to return a low quality coin?

Coppernicus

No offense meant here mnm, but your opening bid prices turned me away. I like some of the pieces, but not at your first bid level.