Should I end the auction?

Barry

I listed a bunch of Seated Dimes on Ebay, from upgrades at Baltimore. This morning, I got this email:

Would you consider ending this auction and selling this coin to
me outright? I need this date and about this condition? Thanks for the
consideration.

Am I missing something here? Is there any way it can be to my advantage to end the auction (short of asking an inflated price, which he is willing to pay)? If the guy wants the coin so badly, he can bid like everyone else, right?

Opinions appreciated. Thanks.

cointagious

<< <i>If the guy wants the coin so badly, he can bid like everyone else, right? >>



right!

offer him a high end price and no return priviledge. if he balks, just complete the auction.

jeffnpcb

Play the odds. If you can sell for what you need for the coin, help the guy out! Or, you can let greed set in and try a shill bidder!
I'd opt for helping the gentleman complete his set. Collecting is what it's all about!

roadrunner

If you offer a return priviledge it's possible the eventual high bidder may return the coin(s) to you and set you back weeks. This buyer just might be willing to pay you want you want and waive a return based on decent photos of certified coins.

Other than that, you should charge a strong price. Seems like he is afraid the bidding will go high and he'll get edged out or sniped out.
As a victim of numerous snipes it does get frustrating.

roadrunner

TheNumish

You might as well ask the guy what he wants to pay. If it's very high you need to consider ending the auction. Remember if his offer is high and you don't end the auction there still needs to be an underbidder to push the price up. Also think about his ulterior motives and maybe you are missing something about the coin that he see's. Probably the best bet is to let the auction run it's course. If he really wants it he'll pay the price.

I always have people asking me to end auctions and I decided a long time ago never to do it except if there is a really, really good reason. It tends to upset people who wanted to bid and are waiting until the end. Next time they see your auctions they might not bid. If you only list things once in a while it's not really a big issue.

BAJJERFAN

Well, at least this way you have a guaranteed sale without the final value fees. There is no guarantee that the coin will sell for a price you would like to get if you let the auction run its course. Then again if you get a price for the coin that is fair to you why should you really care how it gets sold? If eBay crashes for a time just about when your auction is ending I doubt you will get any sympathy "or a refund" from them.

mnmcoin

<< <i>Play the odds. If you can sell for what you need for the coin, help the guy out! Or, you can let greed set in and try a shill bidder!
I'd opt for helping the gentleman complete his set. Collecting is what it's all about! >>



I agree fully, except about the shill bidder! I sell off ebay all the time, you get your money quicker and you don't pay any fees. Just quote him a price you would be happy with, if he says no, then just tell him you'll let the auction run its course and if it doesn't sell, you maybe could do something better, but that you feel that is a fair price...etc.

morris <><

tgilliams

quote high price with no return. save you fees and you'll not get coin back. i did same but forgot no return, bidder just wanted to inspect coin. i charged him $20 for that priviliage; sellers fees, shipping and relisting fees. had a feeling that was his motive so i made him pay almost 1/2 of coin price.

Popcoin

IMHO. I have purchased many items off ebay by offers before any bids were placed. If a bid has been placed, I think it is unfair to the other bidder(s). "You put the coin up for auction", if bids have been placed, let it ride.

Larry

Tootawl

Tell him to bid on it like everyone else. I usually wait until the last day to bid on an auction and I know I'm not the only one.

lathmach

I bought an 1841-O small O dime in good from a guy on Ebay. Kinda shocked him with my winning bid of $365. Couple other variety collectors besides me saw that it was the closed buds reverse. What if someone had asked him to sell it off Ebay right away after he put it on? He'd been lucky to get $5.
Put a link to your auction and lets see what you're selling.

Ray

benloe

I agree with Popcorn.

braddick

As much as in may pain you to read it: It's unethical and unfair to eBay. (I know. . . I know)
eBay is the source that brought the two of you together (without eBay the offer would not have presented itself) and to cut eBay out of the deal now- especially if you have bidders in line for the coin- is wrong.

Don't allow the actions of others to dictate your own.
Killing the auction and cutting eBay out is a bad business practice.

BigD5

If the item doesn't have any bids, just quote a price that would be satisfying for you. I usually figure a price, minus the Ebay fees, but stress that I won't accept a return under those circumstances, unless I miss something with the coin. If the coin started low, and has bids, then I think you already planned on letting Ebay set the price, so just let it ride.

smprfi

Sure go ahead,but tell him he has to pay for return signature along with the S/H.Explain to him that you are afforded no protection outside the auction arena.

TWQG

Some of those underbidders may never bid in your auctions again.

Barry

<< <i>Put a link to your auction and lets see what you're selling.
Ray >>


I didn't want anyone accusing me of using the question to advertise the auction, but since you asked...
1861-S dime

au58

I suggest the following:
If less than 24 hours remain, it's too late.
If more than 24 hours remain, tell him to place a bid. If he is high bidder for 24 hours, quote a price. If he accepts, cancel the auction.

ksteelheader

Absolutely NOT !!! You started an auction, you should let it run its course. You should not even be here asking such a question.......
Anything else would drop you lower than the bottom rung on the ladder...........Thats my look on it.....Ken

airplanenut

If there are no bidders, or if he is the high bidder- I've had one auction ended for me... that was a board member, and it was ended before any bids were placed, about an hour after it was listed, not even...

Jeremy

jbsteven

I welcome offers on my coins. As long as there are no bids I will end a auction for a offer, as long as the offer is fair. The way I look at it I would rather make a sale (at a profit) than sit on a coin and waste more money advertising it or ebaying it. Every dealer has a certain amount of working capital and if that capital is tied up in coins then he cannot buy more coins to make profit on the new purchases. Cashflow is the name of the game.

Make a quick profit or gamble on WHEN and for how much it will sell for in the future.

with all that said send me an offer on my stuff

parkave

You might want to suggest that he place his maxmum bid now and let it ride. That way he does not feel he overpaid and you get a strong price, even if the coin is sold to another bidder. The only downside is the ebay fees.

MAULUMALL

<< <i>As much as in may pain you to read it: It's unethical and unfair to eBay. (I know. . . I know)
eBay is the source that brought the two of you together (without eBay the offer would not have presented itself) and to cut eBay out of the deal now- especially if you have bidders in line for the coin- is wrong.

Don't allow the actions of others to dictate your own.
Killing the auction and cutting eBay out is a bad business practice. >>



Dead on braddick.