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Ebay Risk
DeepCoin
Posts: 2,781 ✭✭✭
I usually like to being my eBay auctions at $0.99 and let the market determine the value. What is the most expensive coin (value, not exact coin) that you would be comfortable starting at this level in a No Reserve auction. I have had good results up to a couple of hundred dollars, but am cautious of going beyond that figure. What is the experience of the sellers here? FYI, I am talking about PCGS coins, not raw.
Retired United States Mint guy, now working on an Everyman Type Set.
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I wish you the best of luck.
So to your question from the Buyer's perspective. With PCGS coins and the PCGS Price Guide, the value of the PCGS coins is reasonably out there for people to use in their bid-making. Your risk is whether you sell at the low end of the range or the high end of the range. When I bid on Ebay auctions, I rarely will bid above 85% of the PCGS Price Guide price and I purchase several coins every week. I believe the PCGS Price Guide is based on dealers' ask price and they don't use Ebay realized prices as part of their equation. Thus, I treat the PCGS Price Guide as the high end of the range for my biding guide. So if you want PCGS Price Guide price, then start with a high price. If you'll accept 75-85% of PCGS Price Guide price, then use the $0.99 initial bid. I think part of it is knowing your coin and where previous auctions have ended. For example, there are certain denominations/types/grades of coins I've purchased at 40% of PCGS Price Guide and some that will consistently sell at or a little above the PCGS Price Guide.
way fun too!
bob
<< <i> If you'll accept 75-85% of PCGS Price Guide price, then use the $0.99 initial bid. >>
I'd love to get 75% of the price guide.
Sometimes auctions can work to a sellers advantage.
The nice people on eBay don't like having someone taking their coins away from them when they get outbid.
I've had coins listed with BIN for $2500 with no takers, but sold at 99c for $2800.
But I've also had $2500 coins go for $2000. So it just depends.
Keep an eye on your watch count because the bids come in late. If they don't then you lose.
I recently sold a rare quarter variety on ebay at auction. The coin never made it near the first page of best match view! Geeze, there were only 500 pieces in the category. If it had it probably would have sold for a thousand more! Ebay is not supplying the bandwidth to gamble with 99c auctions in my opinion. The only ones who are successful now with that gamble are those who have been doing it for a long time and have a healthy group of followers!
other factors. I've listed Morgans starting at $1 that brought upwards of $1K. With some obscure
material worth $200 or less, I might not feel confident doing that.
I think demand and intrest in a particular coin would be more important than overall value of coin. I can think of countless coins that I would feel comfortable with starting at .99 knowing they will be seen and bid on accordingly, but other examples that are not so expensive that intrest may or may not garner a price you expect
Great spirits have always encountered violent opposition from mediocre minds.-Albert Einstein
<< <i>IMO,
I think demand and intrest in a particular coin would be more important than overall value of coin. >>
I strongly concur. If it is a popular coin then you are likely to get a good price, if it is more obscure with few potential buyers then it could be a big risk.
<< <i>I believe that 90% of winning bids are made within the last couple of minutes of an auction. I think when you choose to have your auction end can have a big impact on what bids you receive. I once got a great deal on a coin because someone had an auction ending after midnight pacific time and probably I was the only one awake as the auction ended to bid on it. A guy at work swears that Saturday and Sunday ending auctions will sell for considerably higher than auctions ending during weekdays. >>
Exactly. My best deal ever on Ebay was an auction ending on Tuesday or Thursday at 2 PM EST. This was during the Long Beach show. I was the only one on that auction and it was a monster $6.8K coin I got at the starting bid (PF66 ogh early seated dime). Even worse was that the seller was a 3rd party antiques/collectibles/coin shop that had the coin on consignment and really didn't care much about it. It later resold for $24K.
<< <i>The market is in the tank and if you want to get melt then list at 99c and end up paying the $2.00 shipping to give your stuff away.
Sad, but.......very true!
Dog days of summer everyone is trying get most out of summer and the parents are getting the kids all the stuff needed for school.
Plus the economy still has not came back it seems, or many just have found different hobbies, as there are fewer of us than before.
My LAST time of starting at 99c ....plus.... like it or not, I will make the shipping be $12.95 to cover a flat rate box. Or, if it's smaller stuff, I'll make the shipping be at least 9 bucks. Seems NO ONE closer than the east coast ever buys anything.
Getting to point of taking small stuff out and shooting it instead of listing on feebay. At least it would be fun.