Would you tell someone your reserve price on one of your auctions?

mnmcoin

Someone emailed me and asked for the reserve, he has bid on one of my other auctions. I just thought that was odd. I don't really have a problem letting him know, I just didn't know the etiquette for this instance. So, is it appropriate for me to do so, and would you anyway?

thanks in advance

morris <><

bulloncoins

Why not? I usually pass on auctions until I know what the reserve is.

kieferscoins

I always ask. Most sellers are willing to tell the reserve.

Cameron Kiefer

leothelyon

Here's a recent thread on this topic.

Leo

smprfi

I've had two reserve auction.On both right at the beggining of the description I listed the reserve.Both coin sold.

MrEureka

I wouldn't reveal my reserve unless I was sure the coin was going to sell. If it didn't sell, potential buyers could use the reserve against me when trying to buy the coin after the sale.

Kim

I am happy to disclose my reserves! And my reserve is never less than what I am willing to accept in an after sale

MrEureka

By the way, if I was sure it was going to sell, I wouldn't have set a reserve!

wingedliberty

I don't bid on reserve auctions, they are a waste of my time.


Brian.

Kim

I have not used Ebay as a sales channel long enough to know for certain if a coin will sell. The reserve for me, is one method of making sure I don't loose money on a coin.

Bustman

<< <i>I don't bid on reserve auctions, they are a waste of my time.


Brian. >>



too bad Brian, you might be missing out on the few quality pieces that are selling on eBay.


I have no prblem with telling someone my reserve. Its not a secret, just offers protection.

mnmcoin

ty to all

morris <><

wingedliberty

Bustman:
There are exceptions, but I have found better bargains on NR and disclosed opening
bid auctions. Every now and then I will make an exception and bid on a reserve auction,
but I don't like them as a rule.

Brian.

flaminio

Well, I don't list with reserves, but if I did, I would tell anyone who asked. Heck, I might even include the number in the auction description. The reserve price is simply the minimum I would be willing to accept -- there shouldn't be any mystery or secrecy around it.

As a buyer, if I'm interested in a coin and there's a reserve, I always ask the seller what it is. I've never had a seller not tell me, but most likely if they didn't tell me, I wouldn't bid.

Dog97

A lot of sellers are funny about that but they need to get unfunny if they want me to bid.
The few coins (2 or 3) I ever used a reserve on I stated the reserve amount in the description so bidders wouldn't have to play any games, they could simply bid that amount if they wanted the coin. Cuts down on the "ask seller a question" emails too.

jdimmick

When I list a piece with a reserve, I am more than happy to disclose the reserve. Basically its the least I will take or a protection amount. I usually never price a reserve high on purpose, which is great because of the recent policy change that is going to hurt the people who lists high price coins with super high reserves.

I do know of somepeople who place a small underbid on a reserve price auction, once they now the reserve, but that hasnt bothered me either as a seller. I have found lately that it helps a coin sell near the end of the auction. If someone wants it, they have to make that one last bid which will break the reserve price and guarantee a sale of the coin at what your minimum was

relayer

If you want to sell the coin, telling the potential buyer what the price is will help

mnmcoin

thanks again for all the comments, although it brought up another ?, if you include the reserve in the description or even tell someone, why even bother doing a reserve auction...just start it at the reserve price and if anyone wants it, they can bid.

morris <><

stujoe

What do you see as the benefit of using a hidden reserve?

Mrpawn

I would most likely list reserve in description. Several well known sellers do this and I cannot see that it hurts their results. Auctions that start at low starting amount tend to get more attention reserve or not.

boz

If you want to sell your coin. Reveal your reserve if asked, even state it in your description. Your reserve should be the price you are willing to sell your coin. If the coin is going to sell, the reserve must be met as quickly as possible, then if someone wants it bad enough, they will bid over the reserve resulting in more money for you. This is not rocket science.

MrEureka

if you include the reserve in the description or even tell someone, why even bother doing a reserve auction...just start it at the reserve price and if anyone wants it, they can bid.

Bingo!

dbldie55

I look at the reserve auctions as being advertisements as well as selling a single lot. By having a reserve, you can have a low starting bid which will get the lots more hits. Many of these hits will come from someone who has no intention of buying the lot in question, but may look at your other lots (and find something to buy). The key is to get people to shop your lots, not everyone's lots. (This was the point of those who think removing reserves will lower the amount sold for some as many lots will have much fewer hits)

I can see no point in hiding a reserve unless you really do not feel the coin is worth the value reserved. As others have said, if you want to sell something, you have to tell a potential buyer what they need to pay.