Dear Ebay Sellers ...

Rehctelf

... if call it a .99 auction and put a stupid reserve on it, I will NEVER bid on a another one of your coins no matter how good of a deal it is ;-)

DennisH

What?

hammer1

He's very young, and obviously never sold anything of value on Ebay.

ctf_error_coins

Never ...on a good deal? Holding grudges is bad for the pocketbook and the collection.

LanceNewmanOCC

Originally posted by: ErrorsOnCoins

Never ...on a good deal? Holding grudges is bad for the pocketbook and the collection.

+1



at least reserve auctions state so. how frustrating would it be if you didnt find out til the end,



also, it gets real expensive placing reserves.



oooooof

.

ScarsdaleCoin

So a fellow should take a chance of selling a five hundred dollar item for twenty dollars by not putting a reserve to protect himself?

joebb21

Originally posted by: ScarsdaleCoin
So a fellow should take a chance of selling a five hundred dollar item for twenty dollars by not putting a reserve to protect himself?

I have wondered what is the point of putting a reserve on ebay and also starting it at .99 cents if the number you would not accept less than is $500 then just start the first bid at $500

hammer1

If you start it low, generally you get more bidders at the end, when it counts. Buyer may say that coin is not worth $500, and not bid with a $500 start price. But they will tender bids for lower amounts, and once they get locked into a bidding war, they have to have it.

DollarAfterDollar

The reserve price costs the Seller a couple bucks I think.

jessewvu

I've been selling for 10+ years and never put a reserve on any of my items, ever. I have also started 99.99% of my 7,000+ auctions at $0.01. I have lost money but who cares, not me.

ctf_error_coins

Dear eBay sellers, do not do fraud in the error section..... just bought an off center peace dollar for 400 only to find the same photo on byers site for $75,000 in all of about 30 seconds research. I knew I got too good of a deal .......

Swampboy

Originally posted by: jessewvu

I've been selling for 10+ years and never put a reserve on any of my items, ever. I have also started 99.99% of my 7,000+ auctions at $0.01. I have lost money but who cares, not me.

19Lyds

Originally posted by: hammer1

If you start it low, generally you get more bidders at the end, when it counts. Buyer may say that coin is not worth $500, and not bid with a $500 start price. But they will tender bids for lower amounts, and once they get locked into a bidding war, they have to have it.

Sometimes, better yet, most times, but not always.



You see, the power of the listing depends upon three things:



EXPOSURE

EXPOSURE

EXPOSURE



In other words, if only 1 person sees your listing which starts at .01 cent or .99 cents, then it's gonna sell for .01 cent or .99 cents!



I've sold US Mint Sets at "less" than face value of the coins in the set. Soooooooo, everything starts at my minimum acceptable buy price. It's free anyway so no loss.

DollarAfterDollar

Agreed. I start things at my minimum acceptable price. If it doesn't sell I haven't lost a thing. Just relist it or put it away for a bit.



Every time I start things cheap, (.99 or 9.99) the bottom feeders are there looking for half price. F-that.

pennyannie

If it is my stuff I set the terms

Treashunt

Then don't bid

numisma

Originally posted by: jessewvu
I've been selling for 10+ years and never put a reserve on any of my items, ever. I have also started 99.99% of my 7,000+ auctions at $0.01. I have lost money but who cares, not me.

I do the same thing, and have since 1998. However, if I have something that will not get a lot of attention (i.e. an obscure World coin), then I list that item as a Buy-It-Now.

LindeDad

From a eBay seller. I don't use eBay as a giveaway, most of the time I just put it in the bucket.

COCollector

Good reminder to read the fine print.

jtlee321

I sell everything as a "Buy It Now" with "Best Offer". I mark the coin up about 30% more than my goal price. Sometimes it sells at my listed price, but a lot of times it sells at an offered price. Sure I get a lot of idiot's who try to offer 10% or 50% of my asking, I just decline them immediately without counter offers.

ricko

I avoid a lot of stress by not selling coins.... just a collector. Cheers, RickO

COCollector

Originally posted by: jtlee321

I sell everything as a "Buy It Now" with "Best Offer"...

Those are my favorite ebay listings.



Does ebay charge extra for the "Best Offer" option?

jtlee321

Originally posted by: COCollector

Originally posted by: jtlee321

I sell everything as a "Buy It Now" with "Best Offer"...

Those are my favorite ebay listings.



Does ebay charge extra for the "Best Offer" option?

They don't charge anything extra. Plus I can run it for 30 days with no insertion fee's. If it does not sell, I owe nothing. So win win..

johnny9434

then that might be a better deal for someone else. please, dont bid :-)

mustangmanbob

What would I start at ,99 and set a reserve:



1) Ebay glitch: Bidders locked out, ebay server down, fill in the blank, at the critical end of auction.



2) World Events: If my auction ends, right in the middle of (World Catastrophe, Epic Football Battle in Overtime, Entire Victoria's Secret Modeling crew in Massive Wardrobe Malfunction)



3) The 3 people who really want my stuff and would bidding war it to death, are all on a trans pacific cruise with no internet for 2 weeks.



I will also sometimes use a reserve, less than 2% of the time, to test the waters. Much of my stuff does not have a grey sheet or PCGS price guide. On weird stuff, it may bring $300 or $5,000, if the right 2 people are going at it. But if I run it 3 times, and all it ever gets to is $235, then I have sadly misjudged it, time to take my medicine, and determine why I am so far off on it.

TopographicOceans

I rarely list with a reserve, but sometimes just to test the waters to see where the bidding would go.

If I do, I put the reserve price in the listing and I've sold items that way.



But at what price point would you open such an auction other than 99c (or 1c)?

Jackthecat1

I list my auction items at the minimum amount I am willing to accept and have never set a reserve. Different sellers use different methods.

TwoSides2aCoin

If you find a reserve on my auctions, I'l buy.



That's why coin dealers drink. We don't need reservations.

ARCO

Nobody sells true auction on Ebay anymore. 99% of coins are set at an ovepriced and fixed price.



Tyler

PQueue

Massive

asheland

Originally posted by: joebb21

Originally posted by: ScarsdaleCoin
So a fellow should take a chance of selling a five hundred dollar item for twenty dollars by not putting a reserve to protect himself?

I have wondered what is the point of putting a reserve on ebay and also starting it at .99 cents if the number you would not accept less than is $500 then just start the first bid at $500

THAT!