OT......another of my "I need advice" questions

newbiecollector

Bet yall are getting tired of me only wanting help and not providing any input. I am sorry about that.

I have just been on eBay and lookin for low price stuff (I looked at real coins also) and i tried a bid or 2.

Now I am possibly going to sound foolish but i got to ask........... what is the advantage of a seller paying extra for a "reserve" level, instead makin his reserve level his start price?

I am sure there is a reason but indulge me and educate me if ya have a minute

My thanks in adavance

ccrdragon

some seller's use the reserve to set a market price for the coin. set the reserve to some astronomical price and see how high the bidding gets before it tapers off. if you start off with a really high price, you might not get any bids and then you really don't know how close you are to what the market will bear for the coin.

rhound1977

I've never used 'reserve', but I will use an opening bid price, if I am unwilling to sell it for less than that.....

newbiecollector

thanks.....i hear both of you and understand.......sort of....the high (and hidden from a bidder reserve)............puts my off..........100%

Of course thats me only

SYRACUSIAN

what is the advantage of a seller paying extra for a "reserve" level, instead makin his reserve level his start price?




It really depends on the item. On Greek expensive coins ,usually a reserve is placed rather than a high starting price that will most likely scare away the few interested bidders. It really doesn't make sense but in my experience, the reserve simply works much better,sometimes it's met, sometimes not while the high starting price rarely finds any takers. The worst combination though, is a reserve combined with a BIN, people often assume that the two are practically the same amount and don't bid.

SirAnthonyAC

Hi,

When I sell on Ebay, usually I do not put a reserve on the coins.

However, if the coin was on consignment and or recently purchased so that I HAD to get at least X-Amount for the coin… then I would rather use the reserve as opposed to a higher opening price.

The reason is… if the opening bid is $100 … many will pass over the auction, even thought the coin is worth $150, and there will be less bids and less action.

However, if I make the reserve $100 but the opening bid at 99 cents… many more people will bid and create more action.

In reality I guess it’s 6 of one half a dozen of the other… but, I’d rather go the reserve route when necessary.

Anthony
My Ancients Collection

newbiecollector

Thank you all very much. I told ya I didn't understand. Still for me (and I buy low cost coins).......it puts me off

drjules

I have never worked this out but is it cheaper to list a coin for 99c with a $100 reserve or just list at $100 starting price? I thought listing fee was based on starting price but I have never used the reserve option so I don't know how much it costs

Personally I only bid seriously on reserve auctions after contacting the seller to ask for a ball park estimate of the reserve level.

Dr J

danglen

<< <i> I have never worked this out but is it cheaper to list a coin for 99c with a $100 reserve or just list at $100 starting price? I thought listing fee was based on starting price but I have never used the reserve option so I don't know how much it costs >>



Reserve Price Fee
$0.01 - $49.99 $1.00
$50.00 - $199.99 $2.00
$200.00 and up 1% of Reserve Price (up to $100)

Plus the listing fee for the starting price of the auction..........

I NEVER use reserve prices on my auctions. I either start them at 99 cents or at the minimum price that I am willing to take for the coin.

BigAlan

A low starting price with a reserve may interest people who would pass over a much higher starting price. Once they start bidding some people just can't seem to stop.