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1 day ebay auctions for widgets?
What do you think about 1 day auctions for common widgets like au 58 to ms 62 raw morgans and run of the mill common date silver quarters etc. Mainly coins that do not carry a large premium? I been doing some both ways and do not think it makes a real difference. When i list for 7 days with a 1 cent start about 50 percent of the time i get 1 or 2 small bids under a buck and the coin just sits for the next six days. All the action happens in the last 6 to 8 hours and the last 15 seconds. I am really just talking raw coins but common date graded morgans might be the same?
Mark
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
NGC registry V-Nickel proof #6!!!!
working on proof shield nickels # 8 with a bullet!!!!
RIP "BEAR"
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bob
Given the economy, I suspect that there are fewer bidders and less competition, and thus less auction frenzy around 'widgets.' I also wonder if the "Best Match" formula eBay uses to control the order of appearance of searched items is partly responsible. I have observed that some of my 'widgets' remained submerged in the search results and stayed there until near the auction end, while the listings of more active sellers or those who offer free shipping (or whatever other criteria determine this order) were promoted to a higher position in the search. Of course, I try to avoid the 'Best Match' sorting in my own searches, but perhaps many buyers knowingly or unknowingly are subjected to it.
have you done any yet?