REVISED Need honest advise on my coins

mojoman

Hi,If anyone would like to review my 2 coins and give me a honest answer on my ad and prices ,I would really appreciate it, I am still waiting for my krauss world book 3 weeks now? I have a lot of people looking but no bids? ,to high price, wrong grade , I just got into the darkside of selling and buying more than U.S , I am doing some spring cleaning and getting rid of 75% of my coins and taking a break LMAO , BUT please no slamming me lol just a good honest evaluation ,I value the board members opinion very much you all have been at it longer than me , a few of you I have bought from and also got some great advise and answers from, THANKS , here are ad's

1888 Canadian cent *Because I am getting old and cannot see lol* I relize that this is not a ms63(I wish but..)I have been working with out my glasses for 2 weeks now I just got them back today WOW what a differance , I revised the ad and grade is left up to the buyer , EVERYONE THANK YOU FOR YOUR INPUT ,I am sure it will make me a better seller , buyer,and collector I value everyones opinion ,you all have been very kind , many thanks,Dave
1888 Canadian cent
1901 1/2 penny red /brown? lot of luster

1901 1/2 penny
1982 Canadian commemortive

1982 commemortive
THANKS ,DAVE MOJOMAN

satootoko

Well, I hope you won't consider this to be slamming, but I can tell you why I personally wouldn't consider bidding on any of the specified coins, even if they were part of my core collection.

1. While it's true that KM#7 is valued at $100 in MS63 in the latest Krause edition, I am one of many collectors who buy the coin, not the holder. That means that at the very least I have to see clear pictures of both sides of a coin. Your pictures are so dark that I had to look a couple of times to be sure they really were of KM#7.

2. KM#789 is valued at $19 Uncirculated in the brand new 2006 33rd Ed. of Krause.

3. That same Krause edition values KM#134 at $3 MS63, and $6 Prooflike.

SYRACUSIAN

Regarding the 1901 halfpenny, I'd say that your BIN has no place, it is way above the real value of the item which is very close to your starting value. In general, raw coins don't perform very well on ebay, unless it's a rarity, or the seller has an established following. My advice is to start these auctions at $.99 without a BIN.Bidders are more inclined to bid on a one cent/one dollar starting auction rather than one with a starting bid close to the value of the item. Be prepared to see them go sometimes at a fraction of what you expected, although it can work the other way round too.

Steve27

In addition to what has been previously stated, I would gety rid of the "GOD BLESS and Thanks for Looking" from all your actions. It serves no purpose.

rhound1977

I have some experince selling both coins and other items, of the 10 I currently have listed about half are selling and another third have wathchers.

It's a tough decision on how to price something you don't want to giveaway, generally speaking I try to start the opening bid at half of Krause value
and let it go from there, and even then sometimes get no bids. There are alot of similar items available in many cases. My approach may not be
the answer either, but on some items I don't want to give them away on E-bay.

Any thought on my approach? I just feel some what paranoid of listing a $20.00 + item at $.01 to .99.....

BTW mojoman I think you bought from me last week? ...Thanks...

SYRACUSIAN

Any thought on my approach? I just feel some what paranoid of listing a $20.00 + item at $.01 to .99.....




Worst case scenario is that you'll loose $20, if it gets sniped at 1 cent at the end with no other bidders. But for this to happen, it must be an item with no demand at all, otherwise someone would have placed a bid sooner or later and he would have been followed by others soon. A little SSP helps getting bids started. By having a multitude of items starting at $0.99 or $0.01, the fear of giving them away diminishes, as results will show that some will be winners and some won't. Normally all will sell for something, how much exactly depends on the item, its cat value, the demand for it and the all-important timing. A friend of mine listed a $250 coin at $99.99 starting bid and received no bids. He relisted it at $0.99 and the item realized close to $300, it has to do with the psychology of the bidders who are reluctant to place bids if the starting price is not $1, but will get caught in the game and sometimes will end up bidding way above the initial amount they had in mind if it's a one dollar or one cent start.So, my friend was very lucky that nobody sniped the coin at the end of the first $99.99 start listing . I personally list all my items at $0.99, and will only place a reserve if the value exceeds $500, but not for less. I started listing this way after reading posts by our more experienced sellers and I have to say that most of the times, not always though ,it works magic. The balance at the end is always positive.

JamminJ

My comments (before reading the other ones):

1st coin, 1888 Canada 1c:
Bad picture, looks like it might be a problem coin. Your grade of "MS63?" makes it look like you can hide behind a "grading is subjective" policy while pawning off problems. Very high opening bid. Nice shipping options. Does "Satisfaction Guarenteed" = "Return Privlidge"? You could probably do better with the title.

2nd Coin, 1901 GB 1p:
BIN price and opeining bid way too far apart. Opening bid more reasonable. Very poor title - maybe add something like "full red". Better picture. Looks pretty good, I'll make the opening bid.

3rd Coin: Canada ?
What's the denomination?

I hate the "god bless, overt Jesus folks have tried to hose me more than anyone else. ANy particular reason you don't take checks? The first two coins would sell more strongly if certified (assuming they would make the grade).

rhound1977

<< <i>Any thought on my approach? I just feel some what paranoid of listing a $20.00 + item at $.01 to .99.....




Worst case scenario is that you'll loose $20, if it gets sniped at 1 cent at the end with no other bidders. But for this to happen, it must be an item with no demand at all, otherwise someone would have placed a bid sooner or later and he would have been followed by others soon. A little SSP helps getting bids started. By having a multitude of items starting at $0.99 or $0.01, the fear of giving them away diminishes, as results will show that some will be winners and some won't. Normally all will sell for something, how much exactly depends on the item, its cat value, the demand for it and the all-important timing. A friend of mine listed a $250 coin at $99.99 starting bid and received no bids. He relisted it at $0.99 and the item realized close to $300, it has to do with the psychology of the bidders who are reluctant to place bids if the starting price is not $1, but will get caught in the game and sometimes will end up bidding way above the initial amount they had in mind if it's a one dollar or one cent start.So, my friend was very lucky that nobody sniped the coin at the end of the first $99.99 start listing . I personally list all my items at $0.99, and will only place a reserve if the value exceeds $500, but not for less. I started listing this way after reading posts by our more experienced sellers and I have to say that most of the times, not always though ,it works magic. The balance at the end is always positive. >>



Thanks Dimitri, although the psychological thing seems stupid to me, if I am auction shopping something that I know has a catalog value of $200.00, and I have seen others sell for $200.00 and more with an opening bid of $99.99, I wouldn't give it a second thought to enter a bid of $200.00 or more...

Recently I entered a bid of $1,300.00 on a coin with an estimate of $1,000 to 1,100.00 and a catalog value of $1,200 to 1,300.00, I got the coin for $1,000.00.... Reckon I don't get it but I will try that philosphy and see how it works.

mojoman

Thanks for the input , I really appreciate it ,I do not like to list at .99 been burned on a few choice items so I start close to what I want ,better to break even than take a loss ,Thanks,Dave

lordmarcovan

Aside from the fact that you're asking too much for it, that IS a nice looking 1901 halfpenny.

The Canadian cent is also pretty nice, though I would doubt it is MS63.