A Question For My New DarkSide Friends That Buy & Sell Coins On The Fourm.

JMOORE

As some of you may or may not know I recently tried to start a new web site for Certified Coin Auctions.
http://www.NumisAuctions.com

Well several other forum members said they thought it would be a good idea, but It doesn't seem to be.

Only one Forum member, besides myself, listed anything for sale and there was very little bidding activity.

If I was to set the software up with new categories for World Coins would you be interested in using it (free of charge) to buy & sell to each other?

I have over $1,000 tied up in the software and hate to see it go to waste. And I will be keeping the server for my other web site(s) so hosting is not an issue.

Please tell me your thoughts on this idea.

Thanks,

Jim

Lloyd

Jim
If I had real cash tied up I would want to hear it straight. Personally I wouldn't list there. I can potentially get 10's of million viewers on Ebay.

That's from a dedicated sellers point of view.

Regards

Lloyd

danglen

Jim,

I have to agree with Lloyd. If I'm a serious seller, I have to try to reach as broad an audience as possible, so I would have to stick with eBay. Besides, Forum members generally only get excited over giveaways

Aethelred

Jim,

I just looked at your site and it looks very nice. The problem, as I see it is that you are competeing with the likes of eBay, which has tens of millions of users worldwide. As a person who sells a good few coins, I do one of three things:

1. List them on eBay to expose them to as many people as I can.
2. List them here in an SSP thread (because I think it is something someone here might want or to be quite honest because I am to lazy to list it on eBay) and plug it on BST.
3. Send a PM to someone who I think is looking for such an item.

The idea of placing it on some other auction site seems like a waste of time to me. It is a bit like the choice of placing a billboard on either an interstate highway with hundreds of cars per hour or a rural road with six per day. Just my honest thoughts on the subject.

Best,
Michael

satootoko

Jim, let me as a dedicated buyer add my thoughts on this subject. When I go to EBay I find anywhere from 15-50 new items each day in my specialty, Japanese coins. I've become familiar with the bidding habits of several of my "competitors" and they tell me a couple of things:
1. If I'm suspicious about a particular coin, and none of the guys I know to be knowledgeable have bid by the start of the last day, I can be pretty sure my suspicions are correct.
2. If there have been two or three "unknowns" bidding since the last bid from one of the guys, I can be pretty sure the coin is overgraded, overpriced, or both.
3. If two or three of them are in the bidding, it's time for a careful analysis of what kind of snipe bid might snag it.

Numisaddict has an auction system attached to their forum and I've found that (1) the selection is pretty poor, and (2) there are very few bidders. Both times I posted something there as a tryout, they went for opening bid. Actually, the same few people seem to do almost all the buying and the selling at that site.

Draw your own conclusions.