Whats your success rate with counter offers?

DUIGUY · September 23, 2012 6:14AM

Mine have bin 10% Go, 80% NO! 10% No response.

LindeDad · September 23, 2012 6:36AM

Last couple have offered to take $10.00 off of $500 to $600 items. Kind of makes one wonder why they bothered putting make a offer on it.

BTW first offers were at about 80% of the listed retail price of the items.

LanceNewmanOCC · September 23, 2012 6:43AM

.
counter-offers in ALL venues for me have an extremely low success rate if you mean my counter to someone's offer, so technically my counter is a re-counter since their counter is to my original ask price

initially i accept a decent percentage of offers lower than my asking price, but when my counter comes, whoo, can't have that L-O-L
.

291fifth · September 23, 2012 6:43AM

I no longer bother with them. The sellers are unrealistic.

There is one note I put in a counter offer on about six months ago. It was a very reasonable offer. It was turned down. The note continues to be listed over and over again at the same price and never sells.

This type of item is hurting eBay since it just creates clutter on the site.

coinsarefun · September 23, 2012 6:58AM

I have two right now pride at or below and no offers

I guess tokens are not popular right now???

BillJones · September 23, 2012 7:12AM

I rarely make counter offers unless the difference between the seller and I is small. I will say the last successful one I made was a few hundred dollars on a three thousand dollar item, but the item fell in the "dark side" category.

illini420 · September 23, 2012 7:17AM

If the seller has a best offer option and I think the price is way too high, I'll still put in my best offer. That is what it's there for. I don't care if my value is only 10% less than their buy it now price or 50% less... sometimes my offers get rejected automatically, sometimes I get a reasonable counteroffer, sometimes the seller gets mad and other times I get a great deal on a coin.

As a seller, I've received offers all over the range but in all cases I appreicate the offers, even those I consider way too low, and I consider it free market info that is given to me. I also take those offers as an opportunity to counter and in the counteroffer I explain why I think it's worth much more and sometimes I'm able to make a deal happen.

Probably 1/3 of the sales I've done on eBay are when people just hit buy it now, the other 2/3 or so have come through the best offer process. Some at near the full price, some much lower.

bigjpst · September 23, 2012 8:08AM

It seems to me that my success with counteroffers comes in waves, and really depends on the original offer. As a seller, I put the best offer on just about all my BIN listings, and most of the time my actual bottom price is between 10-20% under the BIN price. When I've gotten reasonable offers, I always like to counter and have had moderate success. Sometimes my counter offer gets countered and I counter or accept. But when I get a lowball offer, like melt on an graded un-circulated coin, I just deny. I like the best offer option because it gives people the chance to negotiate a fair price for both parties. I see this as a safer alternative to a no reserve auction as a seller, that still allows the market to set the price for a coin. But I too see many sellers(probably in some peoples minds me included) setting very high BIN prices with the best offer. I could see the frustration for a buyer to make offers that go un-responded to, or are countered with $5 or $10 off more expensive items, but places like ebay where it's really hit or miss with the auctions, I don't list .99c items very often unless I know I'm not going to lose my shirt.

Tdec1000 · September 23, 2012 8:53AM

I use that option as a seller all the time. Works well most of the time but some buyers are unrealistic as well.

jdimmick · September 23, 2012 9:25AM

This reminds me of a show I went to this weekend. I have been going to this show for going on 4 years now, there are several coins in the same dealers cases that have been ther as long as I can remember priced too high, and they will not budge on the price in the slightest, yet, they complain because of poor coin sales.

2ltdjorn · September 23, 2012 9:58AM

50/50 they either accept or don't

mrpotatoheadd · September 23, 2012 10:25AM

Remainds me of the time a couple of years ago when silver had taken a big jump and a bunch of the stuff in my store was now priced below melt. I got an offer from a guy for about 10 or 15 items, something like 20% below the listed prices. I declined the offers and raised the prices on the listings to reflect current melt value. The prospective buyer contacted me, wanted to buy at the pre-raised prices and was unhappy when I declined his offer.

Cougar1978 · September 23, 2012 10:44AM

For ebay BIN / MAKE OFFER I set the computer to automatically reject offers below a certain amount so I don't have to deal with the tirekickers. Offers above this amount are usually accepted. Non BIN / make offer or for sale at marked price only. If they are looking to buy at wholesale I don't want them bothering me.

At shows I sell at retail only as I am there mainly to buy good deals. I may take say 10% below market retail but thats it. If they won't pay the money then they can go away. I make a lot of money buying deals at shows and then flipping them or retailing the nicer stuff and have done well on some crackout upgrades (stuff offered to me at shows which I purchased, cracked out for higher grade, uptick in grade results in more money) which can be where the most serious money in numismatics can be made and which of course has the highest risk.

A counter offer say to meet a buyer halfway can be successful assuming the original offer was not some outlandish low ball amount. I have found the people offering low amounts to start off with are not really worth fooling with. I recently sold a coin as a show for $375 which I offered to the buyer at $400 (CW Market Price) and he offered $350. I counterffered at $375 and he accepted. I had $233 in it and made good retail money.

Example: You offer a guy a coin for $495 (CW values is $525). and you have $350 in it. The buyer counteroffers at $400 a rather lowball offer. You decide to ounteroffer at $450 "this is my best price, I operate on a narrow spread" and he accepts. The $100 you made on the coin is not that bad of a deal as you only had it a couple of months. Don't let them manipulate you with a greysheet as in many instances this is nothing more than a wish list. I have had people pull out their smart phone telling me "well it want for auction x at such and such." I just tell them "well maybe you should go bid in that auction then" or "do you have one you want to sell me at that."

Lets say you have a really nice 1882-CC MS65 dollar in your case at a show and a big gun national dealer (who is known as a sharp grader) is highly interested in it. Do you offer it to him at CDN ask? NO - his interested could be a red flag he spots a crackout and easy upgrade - big money for him. You may want to do a pump fake and simply tell him "its for a customer" and put it away as soon as he leaves. Then when you have a chance you can take a look at it and see if it is possibly undergraded with upgrade potential. He is probably not there to buy it because he thinks its pretty.

pennyannie · September 24, 2012 8:02AM

Example: You offer a guy a coin for $495 (CW values is $525). and you have $350 in it. The buyer counteroffers at $400 a rather lowball offer. You decide to ounteroffer at $450 "this is my best price, I operate on a narrow spread" and he accepts. The $100 you made on the coin is not that bad of a deal as you only had it a couple of months. Don't let them manipulate you with a greysheet as in many instances this is nothing more than a wish list. I have had people pull out their smart phone telling me "well it want for auction x at such and such." I just tell them "well maybe you should go bid in that auction then" or "do you have one you want to sell me at that."

400 is the new retail. lol

The problem is a large percent of buyers out there know you have given a max high of 350 on the item to as low as 100 bucks for it. They are not to concerned with CW trends.

chumley · September 24, 2012 9:28AM

I enjoy haggling,,, when we get to make jabs at each other along with each offer....example 1st counteroffer accompanied with a remark about the sellers parents marital status at the time of his birth.......seller counters with another offer and rumors of my sisters affinity for the local navy base...and so on til we reach a price or run out of relatives.....

have fun collecting

Whats your success rate with counter offers?

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