Poll - eBay sellers what is your preferred format?

TopographicOceans · June 9, 2015 3:15AM

I understand that there are about 72 buyers left on eBay and they're all cheap.

Of the 779,189 coin listings on eBay right now, the vast majority are Buy It Now (87%) and of the remaining 13% of auctions probably have a starting price beyond the value of the coin. I think the days of 99c no reserve auctions have long past.

derryb · June 9, 2015 3:25AM

BIN now or starting an auction at your minimum price prevents selling too low. Many buyers want to get the purchase over with so the shipping can begin.

johnny9434 · June 9, 2015 3:27AM

bin. why lose if you can help it. jmo

oih82w8 · June 9, 2015 3:39AM

It depends on what I am listing. There are some items in which there may be little to no interest in (varieties primarily), which I will list it with a "buy it now" with a "best offer" option. Other popular items would start at .99 and let the bidders decide. Although I have been burned a couple of times with the true auction, so the majority are "buy it now".

mbogoman · June 9, 2015 3:42AM

BIN or BO for anything of value; .99 for lesser items

ctf_error_coins · June 9, 2015 3:49AM

99 cent auction generate the most interest, sell every time, and usually get you the most dollars

LindeDad · June 9, 2015 4:13AM

<< 99 cent auction generate the most interest, sell every time, and usually get you the most dollars >>

Disagree big time since eBay is a dead zone most of the time now.

mbogoman · June 9, 2015 4:39AM

<< << 99 cent auction generate the most interest, sell every time, and usually get you the most dollars >>

Disagree big time since eBay is a dead zone most of the time now. >>

I'll second that.

And if you're selling somewhat specialized items, like VAMs or maybe Trade Dollars, and the right set of eyes doesn't see them that week, you'll get your butt handed to you early and often. Margins are too thin, even with a store, to let some things go for whatever the wind blows in.

On the other hand, some nice buys can be found on .99 auctions!

TopographicOceans · June 9, 2015 5:35AM

What I've found is that I'm the #1 wholesaler on eBay.

Whenever I list a coin at 99c most of the time it comes down to two flippers and within a day of receiving it, the winner has it listed with a BIN at a very healthy profit.

DollarAfterDollar · June 9, 2015 6:37AM

I flat out refuse to give my coins away. I try to take great pictures and ask the minimum I'll settle for selling the coin. Sometimes there are only 1 or 2 bids but I didn't lose anything.

OPA · June 9, 2015 8:00AM

The secret of a successful auction is solely in the hands of the seller.

1) Know what the going rate is for your item and not what you think its worth and price it accordingly.
2) Good pictures and an intelligent and accurate description.
3) Reasonably priced s&h fee.
4) Timing as to when to start, length and when to end an auction.
5) Don't hold on to loosers in hopes they will make a turnaround... sell them ASAP.

Manorcourtman · June 9, 2015 8:16AM

<< 99 cent auction generate the most interest, sell every time, and usually get you the most dollars >>

Maybe years ago. Not now. The buyers are shrinking by the day or so it appears to me anyway and I'm not alone in this observation.

OPA · June 9, 2015 9:07AM

<< 

<< 99 cent auction generate the most interest, sell every time, and usually get you the most dollars >>

Maybe years ago. Not now. The buyers are shrinking by the day or so it appears to me anyway and I'm not alone in this observation. >>

I disagree with your assessment. There are more buyers now, than there were years ago. What has changed, are the sellers mindsets with their unrealistic BIN's or starting prices. ( I suppose you can blame, in part, the higher cost of doing business on eBay) Inevitably, when an item is priced competitively, it will sell. Makes no difference if it starts at 99 cents or $999. Supply & Demand will always dictate the final price and not what you as the seller believes to be a fair price.

derryb · June 9, 2015 10:59AM

.99 start auctions were good when ebay was a garage sale outlet. It is no longer. It now attracts more serious buyers who mostly want the item ASAP.

jdimmick · June 9, 2015 11:23AM

I .99 start most of and let em rol, sometimes things go low, but most of the time It does good, because I know what to pay for stuff.

When I buy collections now, I don't use the greysheet, or pcgs price guides or auction records. I buy based on what it will sell for on ebay.

jim

Bochiman · June 9, 2015 12:03PM

I wonder how many of that 13% are consignments....where the seller will make money no matter what and the one consigning them takes the risk.......

LindeDad · June 10, 2015 1:21AM

<< I wonder how many of that 13% are consignments....where the seller will make money no matter what and the one consigning them takes the risk....... >>

Great question and how many also have shills as eBay don't seem to care anymore as long as they get their cut.

TwoSides2aCoin · June 10, 2015 2:19AM

I prefer auctions for one day starting at a $.99. If nobody sees it, then someone will get the windfall, and that's usually how it goes. Makes for great feedback and I don't have any children to feed anymore.

vplite · June 10, 2015 3:53AM

<< 

<< 

<< 99 cent auction generate the most interest, sell every time, and usually get you the most dollars >>

Maybe years ago. Not now. The buyers are shrinking by the day or so it appears to me anyway and I'm not alone in this observation. >>

I disagree with your assessment. There are more buyers now, than there were years ago. What has changed, are the sellers mindsets with their unrealistic BIN's or starting prices. ( I suppose you can blame, in part, the higher cost of doing business on eBay) Inevitably, when an item is priced competitively, it will sell. Makes no difference if it starts at 99 cents or $999. Supply & Demand will always dictate the final price and not what you as the seller believes to be a fair price. >>

I completed five .99 auctions last weekend. The items were mostly common circulated silver dollars and the lots (6 - 8 coins) each sold for an average of $140. I did a little better than anticipated on 3 lots, and not so well on 2 lots. I've learned to stay away from items worth under $25, since these auctions tend to attract children (old & young) who just waste your time.

Say what you will about eBay, they deliver the eyes and bids. Yes, some bidders are worthless or worse, but you just have to laugh.

The eBay mailing process is as easy and inexpensive as it gets. I might as well throw in a pitch (edited from forbidden word) about the high fees, the result of no competition.

I, like many eBay shoppers, only look at auctions for potential purchases and pricing data, since most BINs coins seem to be extremely optimistically priced and mostly a waste of time for a serious shopper. Some BIN listing have sat there seemingly for years, so obviously some sellers don't care if an item moves - they'll just wait forever for a fish. I might as well throw the sellers who start their auctions above retail price with most of the BINs. These "auctions" usually close with 0 bids, but make searching by serious buyers more time consuming.

When I list an item on eBay at a starting bid of .99 I can be confident the sale price will be fairly reasonable, like any real market should deliver.

TopographicOceans · June 10, 2015 4:09AM

<< I prefer auctions for one day starting at a $.99. If nobody sees it, then someone will get the windfall, and that's usually how it goes. Makes for great feedback and I don't have any children to feed anymore. >>

eBay now charges $1 for the short duration listings.

Poll - eBay sellers what is your preferred format?

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