Breaking News: I'm done with BIN's!
Sdub
Posts: 736 ✭✭✭
Getting a little frustrated with search results that doesn't match the search title, and/or is a BIN priced 2X VCP avg. I'm officially no longer looking at BIN's. I simply don't have the time to waste trying to find the 1/40 BIN's that is reasonable. Maybe some of you do this full time or are retired, but the time vs. value equation is out of whack for the BIN's.
Question: if you list a BIN and it sits for months on end, does E-bay charge for this? I hope they do and I hope they charge a lot because seeing the same 300 cards pop up in my searches over one full year is getting ridiculous. A hefty fee would cleanse the server and give us real value for the BIN's. For BIN sellers, good luck. For BIN buyers, one less bid from me on early 70's PSA 9's.
As for the auctions, a search now vs. 5 years ago is widely different. Once you cull through all the PSA 8, 7's, 6's, etc that have PSA 9 in their search criteria, then you find the cards you're looking for. So I refine my search with "most bids". Now some jokers are putting in multiple .25 bid increments to get their card to jump up the search ladder. Geez, I'm trying to give my money away here, not invest in solving e-bay's algorithm.
Someone had asked my why PWCC auctions have so many eyeballs and have strike prices well over VCP; this. The ridiculous BIN pricing, the cluttered searches, the masquerading of search criteria; all good news for PWCC; IMHO of course.
Question: if you list a BIN and it sits for months on end, does E-bay charge for this? I hope they do and I hope they charge a lot because seeing the same 300 cards pop up in my searches over one full year is getting ridiculous. A hefty fee would cleanse the server and give us real value for the BIN's. For BIN sellers, good luck. For BIN buyers, one less bid from me on early 70's PSA 9's.
As for the auctions, a search now vs. 5 years ago is widely different. Once you cull through all the PSA 8, 7's, 6's, etc that have PSA 9 in their search criteria, then you find the cards you're looking for. So I refine my search with "most bids". Now some jokers are putting in multiple .25 bid increments to get their card to jump up the search ladder. Geez, I'm trying to give my money away here, not invest in solving e-bay's algorithm.
Someone had asked my why PWCC auctions have so many eyeballs and have strike prices well over VCP; this. The ridiculous BIN pricing, the cluttered searches, the masquerading of search criteria; all good news for PWCC; IMHO of course.
Collecting PSA 9's from 1970-1977. Raw 9's from 72-77. Raw 10's from '78-'83.
Collecting Unopened from '72-'83; mostly BBCE certified boxes/cases/racks.
Prefer to buy in bulk.
Collecting Unopened from '72-'83; mostly BBCE certified boxes/cases/racks.
Prefer to buy in bulk.
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Comments
<< <i>sounds like whining to me. VCP is an average.....people sell above and below the average....supply and demand. It is a free market. If someone wants to price their cards high and let them sit for 9 years until they sell, then so be it. Ebay has fees; people account for these in pricing often. So contact the seller directly to work a deal, look at sports card forums for substitutes, or visit card shows. >>
Boom!
CDsNuts, 1/9/15
<< <i>sounds like whining to me. VCP is an average.....people sell above and below the average....supply and demand. It is a free market. If someone wants to price their cards high and let them sit for 9 years until they sell, then so be it. Ebay has fees; people account for these in pricing often. So contact the seller directly to work a deal, look at sports card forums for substitutes, or visit card shows. >>
This is true. Sellers are free to list their items for whatever they want. Conversely, I'm free to ignore their listings and focus on auction style listings. The more overpriced crap that clogs up the BIN listings, the more buyers will ignore it. Who wants to spend all day sifting through listings that are set at double the high price? That may be the purpose behind eBay reducing the number of free listings and offering listing credits for those items that sell. They may be trying to force sellers into higher hit rates.
Double boom!
<< <i>Question: if you list a BIN and it sits for months on end, does E-bay charge for this? >>
Yes, if you own an anchor store with more than the 2500 free listing per month, it would cost you a whopping 5 cents per 30 days.
But to eliminate BIN searches you are doing yourself a disservice. Once in a while, as rare as it may seem to be, there is plenty of items priced accordingly.
<< <i>Why not just sort the BIN's of interest from lowest to highest, and then stop looking/scrolling through the items when your price ceiling is reached? >>
That only works for limited searches. If you're searching for something like '1967 PSA 9', $20 may be a ridiculously high amount for a high pop common while $5000 would be reasonable for a Seaver RC.
I just picked up a 1970 Dayton Daily News Killebrew, one of only two graded for a very fair price on a BIN.
I do agree there are people who have the same items listed WAY, WAY too high and refuse to drop the price. Those I still look at and wonder..................why?
Triple boom?
<< <i>Yes PLEASE everyone ignore BIN's because some sellers are ridiculously high.
I just picked up a 1970 Dayton Daily News Killebrew, one of only two graded for a very fair price on a BIN.
I do agree there are people who have the same items listed WAY, WAY too high and refuse to drop the price. Those I still look at and wonder..................why? >>
Well I certainly look at BINs for a specific card I'm looking for. If I was looking for a card such as the one you highlight, I'd look at everything. However, when casting a wide net for a particular year in a particular grade, it's 99% a big waste of time. Do I miss out on a good deal once in a while? Probably. However, if I have to spend 100 hours to find 2 or 3 cards, my time can be better spent elsewhere such as communicating with the fine folks on these forums.
<< <i>Where do you think most of those BINs come from? Often times, people buy the auction "deals" to flip, either back on ebay or at a show or some other venue. All I can suggest is start bidding higher on stuff you want rather than someone grabbing it and pricing it beyond what you are willing to pay. Complaining about it wont do any good. Ebay isnt going to change that policy. They love the Levi Bleam and Dean's Cards types.
But to eliminate BIN searches you are doing yourself a disservice. Once in a while, as rare as it may seem to be, there is plenty of items priced accordingly. >>
Agree. I still find BIN deals. It's the guy who knows the right price and wants to sell. I sort high to low and scroll down to a bit over my price range. I also see the high BIN and when I check VCP I see they bought it 30 days ago in auction format and now have it listed 35% higher as a BIN. If they have a BO, cool, I can make a reasonable offer on what I know. If solely BIN, I move on knowing that if they got it at auction for 35% less, I just need to bide my time and hope I find the right card in auction format ...and win it at my price...or hope the right BIN pops. But I still always check BIN first as any card I want at a close to right price, can be taken down hassle free without the wait, anticipation/anxiety, shilling or disappointment associated with auctions.
<< <i>my time can be better spent elsewhere such as communicating with the fine folks on these forums.
Or in my case, NOT communicating with them (ie me) since you inexplicably decided to add me to your "ignore user" list last fall hence I can't pm you to discuss this!
<< <i>Funny how collectors complain about high prices until it's their turn to sell.
Triple boom? >>
no, caboom!
<< <i>Getting a little frustrated with search results that doesn't match the search title, and/or is a BIN priced 2X VCP avg. I'm officially no longer looking at BIN's. I simply don't have the time to waste trying to find the 1/40 BIN's that is reasonable. Maybe some of you do this full time or are retired, but the time vs. value equation is out of whack for the BIN's. >>
DEAL WITH IT
...ill also admit I've paid an outrageous amount for a BIN..it was 50% over the highest VCP ...but it was a highly desirable vintage HOF player, impossible to find centered blah blah and would probably hit that dollar amount in 5 years or so but in the end its a free market and they won that battle..and now it also lifts the average amount for that particular high PSA card... .they can afford to sit and wait...
on the other side of the coin....i shy away from putting together some PSA sets because they know they own the only one singular Billy Bob Smith POP 1 1958 common.and list it at $700 or even $1000s. among the 40 other commons they have listed...and then i refuse (usually) to shell out 10 to 20 grand for commons that they cornered the market on....free market, thats their right but hurts the collecting community....which I'm sure has never once entered their mind.
1. off centered cards right at or just above vcp
or
2. strong examples but w crazy asking prices
or
3. deans cards which make #2 seem reasonable
<< <i>
<< <i>Yes PLEASE everyone ignore BIN's because some sellers are ridiculously high.
I just picked up a 1970 Dayton Daily News Killebrew, one of only two graded for a very fair price on a BIN.
I do agree there are people who have the same items listed WAY, WAY too high and refuse to drop the price. Those I still look at and wonder..................why? >>
Well I certainly look at BINs for a specific card I'm looking for. If I was looking for a card such as the one you highlight, I'd look at everything. However, when casting a wide net for a particular year in a particular grade, it's 99% a big waste of time. Do I miss out on a good deal once in a while? Probably. However, if I have to spend 100 hours to find 2 or 3 cards, my time can be better spent elsewhere such as communicating with the fine folks on these forums.
I have been looking for the "card" I picked up literally for years. The BIN just happened to be reasonable. I can also point out items I would love to add to my set buy are insanely overpriced, some have been listed for well over a year with little or no lowering of price. I keep an eye on them just in case. 4SC does lower their BIN's if the item doesn't sell and my patience has paid off from time to time.
I only collect one player and am at 99% complete and #1 in the registry, if I want to ever complete my set or upgrade it, I "need" to see everything. Then I decide if the price is too high. I have bought items and paid more than I wanted, but within reason (?) and usually end up feeling OK about it.
In the scenario you present, you can always sort by price and simply scroll down to where you feel comfortable.
I don't know why I am posting this PLEASE, all of you, exclude BIN's from your searches, especially if you collect Harmon Killebrew!
If you get so irritated at the sky high BIN's and exclude them from your search, you are only hurting yourself.................and helping your "competition".
Have fun collecting!
<< <i>Refine your search criteria to auctions only, bam! Problem solved. >>
Unfortunately, there are very few such listings these days.
PWCC will be offering even more high quality cards in the coming months.........the "high end certified" is going to attract a lot of buyers and sellers.
PWCC, Memory Lane, Greg Bussineau, Probstein, Psagems, Mile High, gemint.......Auctions! - that's where the action is.
<< <i>I'm officially no longer looking at BIN's. >>
I say no way this happens.
<< <i>I'm officially no longer looking at BIN's. >>
what a silly philosophy. i pulled up the result s of a derrke jeters 1993 topps card in a psa 10. the highest auction went up tp 112. but you coulda got it in a BIN for 75, 85, 85, 85, 85, 95, 99, etc.
They call me "Pack the Ripper"
<< <i>There's plenty of BIN deals... Problem is there gone in less than an hour after they get listed. >>
+1..........they come up and get picked off quickly. I've been on both ends of this.
this card was listed for less than an hour on thursday night. shipped friday and just arrived. snagged this beaut for $6200. altered, but best centering I have seen in a while...I really thought it was a scam. pleased to say the least!
<< <i>Don't tell the IRS but the best way to turn a hobby into a business is to start an eBay museum. >>
+1, again.
<< <i>Don't tell the IRS but the best way to turn a hobby into a business is to start an eBay museum. >>
Can someone expand on this...what does this mean?
Begsu...LOVE the Mantle. Congrats on the pickup. Maybe one day in the somewhat near future you'll sell it to me
you can list your cards for outrageous prices in an "attempt to sell" w/ the notion that they wont really sell. however, in doing so you get to write off expenses such as the square footage in your house used for storage, utilities, supplies, travel expenses to attend shows and all sorts of other "loopholes" depending on your creativity. just don't go overboard.
kinda like the rules in golf, ie ball on the cart path: use them to your advantage!
i am in pharmacueticals, however also have a real estate company as well. (i do own commercial and residential rentals) but a perk is that i can go anywhere i want and write it off if i go look at 1 piece of property as potential investment. i may have no intention of buying it, may just be doing research on the area, etc....but my expenses are deductible ; )
<< <i>thanks mulls!
you can list your cards for outrageous prices in an "attempt to sell" w/ the notion that they wont really sell. however, in doing so you get to write off expenses such as the square footage in your house used for storage, utilities, supplies, travel expenses to attend shows and all sorts of other "loopholes" depending on your creativity. just don't go overboard.
kinda like the rules in golf, ie ball on the cart path: use them to your advantage!
i am in pharmacueticals, however also have a real estate company as well. (i do own commercial and residential rentals) but a perk is that i can go anywhere i want and write it off if i go look at 1 piece of property as potential investment. i may have no intention of buying it, may just be doing research on the area, etc....but my expenses are deductible ; ) >>
Very interesting. I'll look into this for next year's taxes
<< <i>Where do you think most of those BINs come from? Often times, people buy the auction "deals" to flip, either back on ebay or at a show or some other venue. All I can suggest is start bidding higher on stuff you want rather than someone grabbing it and pricing it beyond what you are willing to pay. Complaining about it wont do any good. Ebay isnt going to change that policy. They love the Levi Bleam and Dean's Cards types.
But to eliminate BIN searches you are doing yourself a disservice. Once in a while, as rare as it may seem to be, there is plenty of items priced accordingly. >>
Levi is far more reasonable than Dean's cards.
<< <i>
<< <i>thanks mulls!
you can list your cards for outrageous prices in an "attempt to sell" w/ the notion that they wont really sell. however, in doing so you get to write off expenses such as the square footage in your house used for storage, utilities, supplies, travel expenses to attend shows and all sorts of other "loopholes" depending on your creativity. just don't go overboard.
kinda like the rules in golf, ie ball on the cart path: use them to your advantage!
i am in pharmacueticals, however also have a real estate company as well. (i do own commercial and residential rentals) but a perk is that i can go anywhere i want and write it off if i go look at 1 piece of property as potential investment. i may have no intention of buying it, may just be doing research on the area, etc....but my expenses are deductible ; ) >>
Very interesting. I'll look into this for next year's taxes
you mean this year's taxes!! ; )