.99 cent start-how many of you live or die by it?
laurentyvan
Posts: 4,243 ✭✭✭
When I began selling on eBay I imitated certain forum members by listing an opening bid of $0.99.
It took me one negative experience to change that to a realistic opening bid for world coins on auction, usually under Krause, with great big images to try and eliminate as much visual subjectivity as possible.
Where do you like to start your eBay bidding, how do you like to structure your auctions, and what's your rationale?
I find I have less problems and unnecessary initial involvement if I start a little higher (obvious exceptions taken into account).
It took me one negative experience to change that to a realistic opening bid for world coins on auction, usually under Krause, with great big images to try and eliminate as much visual subjectivity as possible.
Where do you like to start your eBay bidding, how do you like to structure your auctions, and what's your rationale?
I find I have less problems and unnecessary initial involvement if I start a little higher (obvious exceptions taken into account).
One of the penalties for refusing to participate in politics
is that you end up being governed by inferiors. – Plato
is that you end up being governed by inferiors. – Plato
0
Comments
so-so results when starting just under market value, unless it's extremely rare......
Best results for me have been when starting at about half to 3/4 market value.....
The reason; most of the time you can get a bite at the .99 bid, not necessarily so with higher priced opening bids.
There are alot of dynamics involved in listing, and it usually depends on the sellers mindset, goals, experience with listing, what profit they are wanting out of it, the object itself, time of day, week, month, year, national economic conditions, etc.
WNC Coins, LLC
1987-C Hendersonville Road
Asheville, NC 28803
wnccoins.com
The coins from my collection that are for sale, however, are in the store. I never do well with "the good stuff" starting at $0.99, unless it's gold bullion or the like.
DPOTD-3
'Emancipate yourselves from mental slavery'
CU #3245 B.N.A. #428
Don
It eliminates the hordes of buyers who want to possibly obtain your coin at .99 or less, yet still rewards serious prospective buyers with a savings under book.
Besides, ordinary but high quality condition coins from a variety of countries (including 3rd world) can sometimes be tough to find and despite rock bottom Krause values are difficult to obtain at catalog prices, especially from the 30's through the 60's; a lot of these coins were never saved in any quantity. I've been surprised lately at what cartain coins can do and its probably smart to up the ante a bit, unless you simply don't want to pay a slightly higher eBay listing price.
Also, I think high quality images (large as you can get) plus a gallery image on even a common coin is an essential ingredient in even the most ordinary eBay auction. For those of you who don't use Auctiva you really should investigate it- up to 10 images per auction plus supersizing on each image for free plus a host of other desireable features at no charge. Been using it for a year, and other than a few minor quibbles it's been very satisfactory.
is that you end up being governed by inferiors. – Plato
In theory, that is true, but I have seen much contradictory data in practice.
High quality images do not necessarily sell coins. There are a lot of riverboat gamblers out there who will bid on coins that are poorly imaged, thinking they will get a nice piece. I've seen many, many auctions side by side where the poor image gets the best bid, going away.