hows the best way to sell...resonable start bid or not?

mozeppa

say you have a few you want to sell ...but you'd rather not throw caution to the wind and lose your butt.

hypothetically lets say a $8500 coin ...a $3000 coin...and a $2500 coin.

and I put them up with the start bids at $6900 ...$2500...and $2000 respectivly.

anyone have a clue what the ebay fees would be if they did sell at those minimums?

how about if they don't sell?...what would the fees be?....(if they didn't sell its no big deal...i'd rather just hang on to them)

i don't do the paypal thing (too many horror stories here...too many hoops to jump thru if there is any problems...and i don't sell often enough to make joining worth it.)

any help out there?

Cladiator

Honestly, I wouldn't be selling any coins worth that much on eBay.

fc

i always did well on ebay showing great pictures and starting
the bidding at 1.

but... no coin was worth more then 500 and all were gold.
each went for a very fair price.

mozeppa

where then clad?....with out getting juiced to death?

Cladiator

<< <i>where then clad?....with out getting juiced to death? >>

BST? Get the word out that they are for sale and let word of mouth do the work for you. Sounds like you're not in a big hurry so give it some time. I've only sold 4+ digit coins twice, once directly to a collector and once directly to a dealer. Didn't get hosed either time.

BECOKA

If you are not in a hurry I would look at 1.) BST, 2.) Dealer 3.) Have a dealer represent them at Heritage. If you choose 3.) then someone like Mark Feld or Legend can negotiate the best fees.

ziggy29

For that kind of money I'd either put them up with a major auction house or, if I wasn't in a hurry to get the cash, offer them to a trusted dealer for consignment.

AUandAG

I always start at 99cents and I've sold up to $5005 for a 93-s pcgs slabbed morgan.
So, let's just say I have faith in the auction process on ebay. Yep, 99 cents!
bob
PS was fun to watch it rise!
fees can be checked out on ebay itself...go to the help button

jmski52

I always start at 99cents and I've sold up to $5005 for a 93-s pcgs slabbed morgan.
So, let's just say I have faith in the auction process on ebay. Yep, 99 cents!
bob
PS was fun to watch it rise!
fees can be checked out on ebay itself...go to the help button


I don't have the ba!!s that Bob here has with a numismatic item, but I do the same thing with bullion all the time, and I never have any misgivings. If it's a thinly-traded piece, you can always put a minimum bid, a buy-it-now, and/or a reserve price on it. You don't have to fly without a net, but you get more bids that way.

PrivateCoinCollector

<< <i>I always start at 99cents and I've sold up to $5005 for a 93-s pcgs slabbed morgan.
So, let's just say I have faith in the auction process on ebay. Yep, 99 cents!
bob
PS was fun to watch it rise!
fees can be checked out on ebay itself...go to the help button >>



Ditto. If you are worried about it, just go out and try and buy one of those on eBay first.

topstuf

I haven't had problems with up to $7000.
The buyer was nervous but it went well.
And I started it at 6300.

I find 99c starts irritating. Course I'm probly in the minority.

mirabela

I'll second the consignment suggestion. Get your terms in writing & a completed-by date for the whole process. Worked for me when I had some pricier stuff to sell.

pcgs69

may I ask what these hypothetical coins are?

MORGANHUNTER2

Do a dummy listing on the coins in question on Ebay- it will give you a total fee for the listing and a FVF if it sold for your top price - if you do a BIN thing- that can help you in determining where you might want to start with it- also check on some old auctions to see where it may have sold for in the past.

topstuf

I suppose everyone just has to realize that it ...IS.... eBay.

And anything resembling "sense" should not be expected.

Look at this knife auction. The guy even SAYS what the reserve is and folks are in there bidding away.

2nd chance hopes, maybe?

Bid bid BID....wotever....just bid

slipgate

A reserve is the person's dream price and usually more than an item is worth. If you just want to sell it, put it in an ebay store or sell it in an ad in the newspaper. EBay is an auction house, the market sets what something is worth. If you notice, many coins on ebay that have a reserve do not even get a bid. That is because the reserve is usually what the coin is worth or more and if I just want to buy that coin, there are other venues for buying.

I don't have a problem with starting bids per se, however, most people's starting bid is the minimum that you will sell that coin for, usually more than it is worth (worth to the market). If you are selling a coin that you expect to go for 10,000, starting it at $1000 would be ok, but starting it at $8000 will result in no bids.

You don't "really" have to follow through with a sale on ebay if you do not want to. Try one coin with no reserve, no minimum and see what it sells for. If it is lower than you are willing to part with for it, contact the winning bidder and tell him you've changed your mind. The worst thing that will happen is you will get bad feedback. Life's too short to worry about 1 bad feedback.

Good Luck!

dizzyfoxx

Unlike graded vintage sportscards or comic books which seem to do very well, I think coins (especially coins that carry a premium due to exceptional eye-appeal) don't seem to do as well.

Russ

<< <i>Honestly, I wouldn't be selling any coins worth that much on eBay. >>



Why not? If they're key dates, or quality coins from a series that is in high demand, eBay is as good a venue as any for the value ranges he listed. Now, if it's just garden variety material or esoteric stuff, he should probably look elsewhere.

Russ, NCNE

WinPitcher

You don't "really" have to follow through with a sale on ebay if you do not want to. Try one coin with no reserve, no minimum and see what it sells for. If it is lower than you are willing to part with for it, contact the winning bidder and tell him you've changed your mind. The worst thing that will happen is you will get bad feedback. Life's too short to worry about 1 bad feedback.



Yeah that will help you build a great rep.


Steve

OPA

This auction started at $.99 .. I wish it was one of mine..

eBay Link