Reserve auction question

pandaman

I have coin on ebay w/ reserve. Bidder has emailed asking what is my reserve. Is it proper to give out reserve price to bidders? I have always considered it private. If he wants to know, bid max & if not meet reserve, then reserve is higher. I do not want to ignore him. What would be best way to respond.

98panda

trozau

Ask him for his max bid and you will tell him if it is enough or not.

FatMan

Its a common practice. Up to you if you want to tell or not. I see no harm. You set the reserve so I assume you are comfortable with the amount.

Russ

I always tell the reserve when asked.

Russ, NCNE

sadysta1

if someone asks me I always let them know.

Russ

PS: Pretty slick the way you slipped your eBay listings link in to the US Coin forum.

Just like you did here.

And, just like you did here.

Just do like everybody else, and put it in your signature. Much less blatant.

Russ, NCNE

pandaman

will reveal!! I don't like reserves but tired of setting high starting price. Like to see some action on coins. Been doing real auctions ($1 start & no reserve) & been doing very well. Bidders love "real" auctions...just kind of buried in this coin. Thanks

pandaman

I just list link to show what I am talking about. Like anyone here would pay the prices I get on ebay!!! You guys seem to be more...shrewd shall we say. Don't put link in my signature because sometimes there is nothing there & whats the point of linking to nothing?

foodude

If any one asks, I'd give them the reserve.

Dog97

I see no reason whatsoever to keep the price secret. Do you want to sell it or not?
If the bidders know what it takes to met reserve they can either bid that amount or they don't want to buy it.
I wonder how many sellers lose sales because the bidders bid 10 times, get the old "reserve not met" and give up while being only 1 increment away and didn't know it?

Dog97

baseball makes sense. While looking at your search hit page if you see a coin with 1 bid and another with 15 which one are you going to look at? You be thinking man those 15 bidders see something good let me bid too!
Another reason for secret reserves (usually unreasonably high) is to establish a price or value by the bids on something you really don't want to sell but was wondering what it was worth.

Barry

Did you know Ebay recently increased their reserve fees? If not check it out - you may not want to use reserves any more.

CoinResource

Reserves are kept hidden for the purpose of increasing bidding frenzy and protecting a seller from an abysmal final price due to various circumstances that may occur in an auction (like an auction that ends during the superbowl or... {fill in the disaster here})

Telling a bidder the reserve is optional, it is just a choice you have to make. cm

Conder101

<< <i>. While looking at your search hit page if you see a coin with 1 bid and another with 15 which one are you going to look at? You be thinking man those 15 bidders see something good let me bid too! >>


Actually, I'll look at the auction with only one bid first under the theory that the other auction has all the attention and maybe I'll be able to pull off a bargin on an overlooked auction. If I don't like what I see THEN I'll go look at the popular one.