Ebay sellers----Do you use "Best Offers"

cohodk

I just listed a few slabbed coins and used the "best offer" feature.

One coin has a Greysheet bid of $830....I have it listed at $999 and got an offer of $100.
Another has a bid of $490 and I listed at $549. Got an offer of $300.

Has anyone has success with this feature or is it just a pain in the a$$ as it seems?

kieferscoins

No.

Cameron Kiefer

UncleJoe

No.

Frankly it almost doesn't make sense to me. It basically says that the price I put on this item is not the lowest price I will take.

Joe.

Smittys

In a word NO


Smitty

100proof1957

i know of the feature but the last few items i put up i did not see the option !

ccrdragon

The other real problem is that 'Best Offer' is not a negotiation - you only get 1 shot (per item) to make an offer and then ebay will not allow you to make any more....

Wolf359

If no one else makes an offer are you obligated to accept
$100 for an $800+ coin?

ms70

No. I think that service will fall by the wayside.

seemyauction

I had to laugh when I read this thread......do we still have the same opinions ???


I use the Best offer service and it works for me.....



AL

123cents

I tried it a couple of times and then quit. Too many crazy low-ball offers.

CC2GO

Only if I'm desperate and need $$$ for the next flip!

coinsomniac

Nice vintage thread. I have used it successfully on higher priced coins. The key is to set the buy it now price within 10% or so, of what you are willing to accept.

drjules

I have used them and got reasonable results. I sold a Dansco album full of Kennedy halves and Martha Washigton gold proofs that way. For items around $600 / 700 I get offers about $50 - 100 less, some I accept and some I counter.

One big problem is that you cannot accept a best offer after the item itself expires.

Dr J

drjules

<< <i>The other real problem is that 'Best Offer' is not a negotiation - you only get 1 shot (per item) to make an offer and then ebay will not allow you to make any more.... >>



But the seller can counter offer and I think now you can make two offers

Dr J

EricSan

I have never used a "Best Offer." The items I have seen it used for usually have a price that is 40-50% above current retail and then have a "Best Offer" option. I think the expectation is that using this feature is the same as fishing for a sucker, so everyone low-balls the price with ridiculously low offers.

I have used the "Buy It Now" with a reserve auction many times and set my BIN price right in line with (or about 5% higher than) the final bids on similar items in the recent past. In some cases, people jump on the BIN right away. In EVERY other case, the bidding clears the reserve price, the BIN option goes away, and bidding surpasses my original BIN price.

Just my experiences.

Eric

Rarity

I won an item with "Best Offers" not too long ago. It had an asking price of $236 and I won it at $230.
With item above $500, an offer of $30 to $50 less might be good enough.

I like to items listed with "Best Offers"

TwoSides2aCoin

The only thing I use less is eBay. I don't use "BEST OFFERS" I use added value , though !
See my ebay as an example. I'm easy to find.
Edit to add:
A lot of internet users are WalMart shoppers.

Some of us don't mind paying a little more for a lot better. I will give eBay credit, they sure have a lot of layers to expose With coins I think they suck... but for the thrill of the hunt, there's nothing more convenient.

GFourDriver

The only BIN's I've had any luck at all with are MPL's. I wouldn't worry too much about the low offers though, these are are the same people that $1.37 on an $800. coin, people that want something for nothing.

J

coinpictures

The Best Offer has been a Godsend, IMO, especially once ebay changed it from 1-per-item to 3. It makes real negotiation a possibility.

Also, with the autodecline threshold definable by the seller, you don't have to waste time on lowball offers.

I have sold (and purchased) countless items using Best Offer with BIN.

Best thing to happen on ebay in years.

Bochiman

<< <i>I won an item with "Best Offers" not too long ago. It had an asking price of $236 and I won it at $230.
With item above $500, an offer of $30 to $50 less might be good enough.

I like to items listed with "Best Offers" >>




You offered $6 less?
I'd sell it for $6 less too....heh

Nice, old, thread, Cohodk

Yes...I have used BIN or BO......only had 1 not sell and then it sold immediately upon relist (with the BIN slightly lower than the original BIN but higher than what I was willing to settle for )

Griv

I like the "Best Offer" feature since the change to allow 3 vs 1 attempt. If the item is in big demand it will go BIN and if not then you can get a meaningful negotiation going. I expect sellers to come down a tad with that feature and I expect to come down when I use it. Anyone who gives me an offer that is bunk gets auto declined. I'll even email auctions without a Best Offer and find out what they might take. 1 in 3 usually gives me a fair price.

cohodk

<< <i>The Best Offer has been a Godsend, IMO, especially once ebay changed it from 1-per-item to 3. It makes real negotiation a possibility.

Also, with the autodecline threshold definable by the seller, you don't have to waste time on lowball offers.

I have sold (and purchased) countless items using Best Offer with BIN.

Best thing to happen on ebay in years. >>





WOW. I dont even remember starting this thread. But the above quote basically sums up my opinion today.

tmcsr69

<< <i>

<< <i>The Best Offer has been a Godsend, IMO, especially once ebay changed it from 1-per-item to 3. It makes real negotiation a possibility.

Also, with the autodecline threshold definable by the seller, you don't have to waste time on lowball offers.

I have sold (and purchased) countless items using Best Offer with BIN.

Best thing to happen on ebay in years. >>



I Agree-in the right time and place-BIN works.

GFourDriver

<<<Nice vintage thread.>>>>

Joined in Aug 2007 with 19 posts and you call it a vintage thread?

mrpotatoheadd

<< <i>I'll even email auctions without a Best Offer and find out what they might take. >>

This ^^^ is why I started using "Best Offer" on my listings. I figured if I was going to get offers from some people, it sure couldn't hurt to get offers from more...

57loaded

IF buy BIN was astronomical, but I don't do it that way.

i have done OBO and it ain't worth the trouble for me.