yOU SURE TAKE A CHANCE WHEN LISTING AT .99 CENTS W/NO RESERVE...

NumbersUsacom · July 23, 2012 12:05PM

some times its a big ouch !

bestmr · July 23, 2012 12:14PM

Been there, done that. I once sold a pr69dcam silver half for less than melt. Win some, lose sone.

12voltman · July 23, 2012 12:14PM

For example today you...?

NumbersUsacom · July 23, 2012 12:27PM

<< For example today you...? >>

Just know it wasn't good. I've decided to start them off at a reasonable if not under market price at the least, so as not to take a beating. Knowing however that I may miss some bidders and potentialy the best " I got to have it now" bidder that ever walked the planet in all of history !!!!! I've seen some post that it all works out (.99 no reserve sales), maybe it does.

Welcome to the Pcgs U.S. Coin Forum 12voltman. Check out the " Precious Metals" forum also.

OPA · July 23, 2012 1:15PM

Never...been selling on eBay for 10+ years and most of my auctions start at .99cents with no reserve. Audience is just to large for that to happen unless you foul up with poor pictures, description, category, start & ending times.

mrpotatoheadd · July 23, 2012 1:16PM

<< yOU SURE TAKE A CHANCE WHEN LISTING AT .99 CENTS W/NO RESERVE... >>

Not anymore, I don't.

astrorat · July 23, 2012 1:17PM

<< For example today you...? >>

Welcome! Interesting first post.

mrpotatoheadd · July 23, 2012 1:20PM

<< Audience is just to large for that to happen unless you foul up with poor pictures, description, category, start & ending times. >>

Or items that are not in wide demand.

<< Never...been selling on eBay for 10+ years and most of my auctions start at .99cents with no reserve. >>

Why not all?

coachbedford · July 23, 2012 2:40PM

for a while, the starting bids at one dollar with no reserve worked great. Then it got to the point where whatever started at a dollar, ended at a dollar......or $1.25 if another bidder jumped in. So I finally put an end to those kinda auctions.

TwoSides2aCoin · July 23, 2012 2:42PM

It is what it is.
A dollar....then holler e-Vent.

jonathanb · July 23, 2012 2:56PM

I start my auctions at $9.99. I don't mind giving someone a good deal, but I simply don't want to pack an envelope for less than that.

NumbersUsacom · July 23, 2012 4:33PM

<< Never...been selling on eBay for 10+ years and most of my auctions start at .99cents with no reserve. Audience is just to large for that to happen unless you foul up with poor pictures, description, category, start & ending times. >>

OPA, I did notice one key generic word that I left out. I did choose to leave it out for what I anticipated was a more descriptive but not generic term.

lasvegasteddy · July 23, 2012 8:34PM

anymore i prefer just consigning to those with strong buyer support behind them
but you bet
i've paid to give away items too
it bites
but the other guy has to win some too or he wouldn't be around
so
win some...lose some...sometimes that balances out nicely

halfcentman · July 23, 2012 10:32PM

<< I start my auctions at $9.99. I don't mind giving someone a good deal, but I simply don't want to pack an envelope for less than that. >>

There was another thread about whether or not you are a gambler in the hobby. Well, listing coins for $0.69 with no reserve is just that, but the benefits far outweigh the risks if you take great pictures and know how to run a great auction.

Given my pro poker paying background, I run my business as a result of net wins and losses. People like to bid, and it's that bidding and human nature of consumption you need to take advantage of. Sometimes it works, and sometimes it does not, but trust me - most of the time it works (even when it seemingly does not). A person who gets a great deal that YOU follow up on is coming back to you, as you established integrity. Who knows, the next purchase could be a huge win for you.

In poker, we have many sayings, one of them is "It's not the amount of pots you win, it's the amount of money you win." I could have 25 losses in an auction, and two huge wins that outweigh everything."

mustangmanbob · July 23, 2012 10:34PM

I have been selling on 'bay for 12+ years, not coins though, but old Mustang parts. I used to start a lot of auctions at .99 to generate early bids, get the bidding going, etc.

Now, I see scads of watchers, and a volley of snipes with less than a minute to go. I can't afford to have someone mistype their snipe bid, power failure, etc.

On my 50 free each month, I list expensive items. After than, cheap items, but not less than $9.99 or so, unless it truly is a REALLY cheap item.

Much below that, it is not worth typing, shipping, and risking a negative feedback on a $1 item. I would lose far more than that on lost sales on other items.

ctf_error_coins · July 24, 2012 12:23AM

I run 99 cent auctions every week and I am NOT taking any chances as I always get multiple bids on all my items.

Run great auctions with great photography and great products with great feedback and have no worries.

jessewvu · July 24, 2012 12:31AM

100% of my auctions start at less than $1. I've had some doozies. Like selling a 2008 $100 platinum PCGS PR69dcam for $200 below melt. Buyer was happy.

lkeigwin · July 24, 2012 12:46AM

I have never gotten burned doing this.

But I wouldn't use it for a pricey, corner-case coin few collectors would value. Expensive, condition-rarity moderns, e.g.
Lance.

DorkGirl · July 24, 2012 12:51AM

<< For example today you...? >>

mrpotatoheadd · July 24, 2012 1:12AM

<< I could have 25 losses in an auction, and two huge wins that outweigh everything. >>

Or you could have 27 smaller wins that outweigh your two huge wins + 25 losses.

Amigo · July 24, 2012 3:51AM

I think a lot of it boils down to your Ebay relationship.

If you're not a powerseller with free shipping and every other hoop ebay has set up, then your listings just rotate around beginning on page 50 with few viewers. In that case, 99 cent auctions are going to hurt.

LindeDad · July 24, 2012 4:24AM

<< some times its a big ouch ! >>

only ones I do now are strictly loss leaders, most list at around cost and I'll keep it rather than give it away.

Wabbit2313 · July 24, 2012 4:44AM

There is an auction house on EBay that starts all coins at .99. They all seem to go for full retail value even though they are raw. I took a peek at the bidders, and the percentage of bids with that auction house. It was quite interesting.

Mission16 · July 24, 2012 6:05AM

I did real well on my last eBay auctions. All .99 cent no reserve, free shipping. Just have to see what things are selling prior to listing.

12voltman · July 24, 2012 10:25AM

Thanks for the welcoming posts. Yes, I am sarcastic and sardonic and other similar adjectives; it just seemed like the OP had something on his mind when he started the thread. Been at Coinchat for a couple years and didn't know about this forum until last week.

Mission16 · July 24, 2012 12:15PM

<< I think a lot of it boils down to your Ebay relationship.

If you're not a powerseller with free shipping and every other hoop ebay has set up, then your listings just rotate around beginning on page 50 with few viewers. In that case, 99 cent auctions are going to hurt. >>

Not true.

robkool · July 24, 2012 1:42PM

Gotta check those completed listings before I sell anything...

BUFFNIXX · July 24, 2012 10:01PM

Well if you chose to list a coin at less than a buck and there is no action with more than 12 hours to go then you can just cancel the auction. Just pay attention to what is going on. But if you are not paying attention to the time and you wind up selling a $50 coin for .99 I guess you could always claim you lost the coin!
But in my book it is a waste of time listing stuff for under a buck
buffnixx

halfcentman · July 24, 2012 10:04PM

<< 

<< I could have 25 losses in an auction, and two huge wins that outweigh everything. >>

Or you could have 27 smaller wins that outweigh your two huge wins + 25 losses.

>>

Not if you know what you're doing!!

yOU SURE TAKE A CHANCE WHEN LISTING AT .99 CENTS W/NO RESERVE...

Comments

Leave a Comment