The difference between a minimum opening bid and a no reserve auction

relayer

Open at $129
Open at $1 - sell for $157.50

Dog97

I've always though a low start w/no reserve always generated more interest & views, which = more bids which = more $$$.

ziggy29

<< <i>I've always though a low start w/no reserve always generated more interest & views, which = more bids which = more $$$. >>

Depends on the item.

For an item like this, or a 1999-S silver proof set, for example, I agree.

For items that may not have a wide following or many folks collecting them, starting at one cent can be a way to lose your butt.

Dog97

<<<For items that may not have a wide following or many folks collecting them, starting at one cent can be a way to lose your butt.>>>
I agree.

Russ

Here's another example:

Opens at $300, closes at $300.

Opens at $1, closes at $412.51

Russ, NCNE

airplanenut

Russ,

Don't know how it affects price (probably not enough to near justify the full difference) but your pictures are much better than that guy's... I've made money simply reshooting a coin and putting it back up, so pictures do count.

Jeremy

ksteelheader

<< <i>so pictures do count. >>

LindeDad