I think I am gonna sell my first coin on ebay! Has anyone really gotten burned selling before?

TheLiberator

I don't mean by buyer's not paying and the like. I mean things like a 100 dollar coin (or more) going for 10 bucks. (This is similar to what I will be selling. It is just an NGC certified ms-64 1938-D washington.) I really don't want to put a reserve but since I am a newsbie seller, I'm a bit nervous! Any suggestions, or should I just jump right in at the .01 cent mark and see where the market takes it?!

Thanks!!

Placid

Link

I don't use reserves but start the auction at the minimum I am willing to sell for.
So far everything has sold.

Then again you can always cancel your auction at any time if no one bids enough.
Might make some bidders mad though.

Russ

If you run low opening bid no reserve auctions yes, you will have some from time to time where you get ripped. Just a fact of life. There will be others, though, that realize jaw dropping prices.

Russ, NCNE

CarlWohlforth

It appears those don't trade frequently. I tried searching for past eBay auctions and didn't find any. That could be good news. To protect yourself from a loss in case nobody wants to bid I would suggest a higher starting price rather than a reserve. eBay charges much more for a reserve of the same price as a high opening bid.

relayer

I had a coin shop stock up on my auctions last week. He won 12 auctions with $500 worth of coins for $130.

I'd double check to make sure it's a 1938-D before listing it though.

TheLiberator

<< <i>I had a coin shop stock up on my auctions last week. He won 12 auctions with $500 worth of coins for $130.

I'd double check to make sure it's a 1938-D before listing it though. >>



Oops! I meant 1937 D!! hahaah! That would be an interesting coin if it were a 1938 d seeing as there were none made that year! (I am also selling some 1938-D nickels so I must have gotten confused when typing.) Sure hope I don't do that when I go to sell! hahaha. I'm already a bad seller and I haven't even started yet!

BBN

If you sell multiple coins some you'll get screwed and others you'll cash in. It evens out in the end.

numonebuyer

Do yourself a favor and run a search on how much the coin you are selling has sold for in the past month. If the going rate on eBay is less than you really want to receive, then hold the coin for a while.

TheLiberator

<< <i>Do yourself a favor and run a search on how much the coin you are selling has sold for in the past month. If the going rate on eBay is less than you really want to receive, then hold the coin for a while. >>



Sigh...I have done that, thank you though. It is going for what I thought it would go for which is this: LESS THAN I PAID FOR IT! hahah! I re-entered coin collecting this year and bought it as a PCI (shudder) gold label 65 when i didn't know any better. Realized what I had done, didn't want to have it in that holder in case it was mis-graded, cracked it out and it came back 64 from NGC. So, I lost 30 bucks on the lower grade and 15 on the slab!! hahah. Oh well! Live and learn! I just have to cut my losses I guess! Could have been much worse....! It was certainly a lerning experience that's for sure!

RickMilauskas

I know of three that sold the past 6 months or so. One sold last month (5/16) for $92 (PCGS MS 64).
Two others I know of went for $75 and $86..both PCGS MS 64's

RickMilauskas

BTW...one goes up on eBay tomorrow. I think its the 3rd or fourth time the guy has listed it with a min bid of $90 and a buy it now of $100.

Barry

I start most coins at 99 cents and no reserve. The exception is a coin that has a limited market.

You can guarantee your coins will sell for less than market if you put that UGLY icon you use here on your EBay page!

RickMilauskas

See if I figured out how to do this...this one sold May 16

http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=3911892723&ssPageName=ADME:B:SS:US:1[L=Text]

Crackout

Liberator - do you have any feedback yet? As an e-bay buyer, I would be leary of buying anything from a seller with less than 15 or so feedback. In fact, you may want to sell some low grade stuff to build up your feedback before throwing out a $100 coin for one cent, no reserve.

TheLiberator

<< <i>Liberator - do you have any feedback yet? As an e-bay buyer, I would be leary of buying anything from a seller with less than 15 or so feedback. In fact, you may want to sell some low grade stuff to build up your feedback before throwing out a $100 coin for one cent, no reserve. >>



Gee Thanks! See, I'm so green to Ebay I haden't even thought of this! I have ZERO sellers feedback as this would be my first aution. I think I'll take your advice. I have a forum member possibly interested so I'll probabally get some pics and see if he wants it.

Thanks for all of your help guys!!

mrearlygold

<< <i>Do yourself a favor and run a search on how much the coin you are selling has sold for in the past month.



Would you please tell me how to do that?

Thanks in advance

Tom

astrorat

<< <i>Gee Thanks! See, I'm so green to Ebay I haden't even thought of this! I have ZERO sellers feedback as this would be my first aution. >>



You gotta start sometime! Just put a sentence in your description such as "This my first auction as a seller. I have had great success as a buyer and thought I would try selling one of my duplicates" or some other similar phrase. Everybody starts at some point with zero feedback as a buyer and seller.

If you are nervous, then maybe list a few lesser value coins as a test. Good luck and take the advice of the foum on selling . . . only list the coin for the price you are willing to take (at least until you get comfortable with being a seller). Otherwise you might get eMad if there is little interest and somebody nabs your nice quarter for 4x face!

Lane

BAJJERFAN

It depends on if you are garage sale-ing; that is yu just want to sell it for what you can get

OR

you expect to make a profit.

Methinks that I WOULD NOT let a $100 coin go for $25.

TheLiberator

<< <i>

<< <i>Do yourself a favor and run a search on how much the coin you are selling has sold for in the past month.



Would you please tell me how to do that?

Thanks in advance

Tom >>



You have the option to search only completed listings on the left side of the screen. They make you log in to do it though.

mrearlygold

Thanks Wes, I'll try it.

Nice animation BTW.

Rgrds
Tom

SirAnthonyAC

Hello,

Sometimes you get far less than you thought, mostly depending on what buyers want, what’s hot what not, and other times, you’ll get far more than you thought.

On this old AG to VG lot, which I though would sell for around $25.00 (if I was lucky) I got $97.00:
Link

On these ABSOLUTELY GORGEOUS BU Roosevelt Dimes, I got less than 5 bucks:
Link

I figured this lot might bring in around $60 or maybe $70… but, I got $177.00!
Link

On a real disappointment, I only got about 50 cents per coin on 200 EF Mercury Dimes
Link

I would suggest the following:
Make your opening bid what you paid for the coins, not what you think the value is. Or make the opening bid the very least you would be willing to sell the coins for.

However, you will get more action and bids if your opening bid is a dollar. Logically, the more folks bidding, the more folks will want the coins… and thus, the more you’ll get.

Don’t fall into trying to manipulate the pictures, shot them blurry, take long distance images, or try to make the coins look far better in the auction then in real life, don’t over-grade, and don’t fail to mention a holed coin or rim dings. You’ll get zero complaints and zero (or at least nearly no) requests for refunds… if you post large accurate, images, of what you’re selling.

Remember, as long as you are turning a profit, it’s a good thing.

Anthony

coachleonard

with ebay i've been pleasantly surprised AND royally burned. I once put a 1905 average circ Indian Cent on ebay at .01 starting bid to see where the market would take it. I took it to 1 cent!

100proof1957

might also check Teletrade's price guide that is based on real life auctions .