Is it safe to do a 1 day ebay auction?

ParkHunter · July 12, 2013 3:38AM

I'm looking to get lots of a cash for a very expensive coin ($2,000+) and was wondering if I will get little cash if I do a 1 day ebay auction.

Have any of you done 1 day auctions and gotten lots? I may not be here to ship in 3 days, which is why a 1 day auction would be the best for me.

Would I not get enough (or at least--an average amount)?

Thanks

AUandAG · July 12, 2013 3:54AM

What is the coin? Graded? Gold or silver?

Need some more info. If it's gold then one day is fine for bullion. Probably the same for silver but you seem
to indicate that this is not the case?

bob

Jinx86 · July 12, 2013 3:55AM

I would make sure ending time is in the evening. for more people to be home viewing lots. I have done a few one day auctions, I started the opening bid near my break even point and let the bidders have their way with it. Mix results sometimes you get good bidding back and forth sometimes not.

Nickcap · July 12, 2013 4:01AM

In my experience doing Ebay, Mondays are the best for getting bidders. The weekends not so much. Do a three Day auction ending Monday night and you should get your price. If you do it Friday to Saturday night, many of the coin bidders will not see your Auctions.

Let us know how it goes.

Broadstruck · July 12, 2013 4:05AM

<< <i>I'm looking to get lots of a cash for a very expensive coin ($2,000+) and was wondering if I will get little cash if I do a 1 day ebay auction.

Have any of you done 1 day auctions and gotten lots? I may not be here to ship in 3 days, which is why a 1 day auction would be the best for me.

Would I not get enough (or at least--an average amount)?

Thanks >>

If your looking for lots of cash do a 1 day Buy-It-Now or a 7 day auction as I doubt enough potential bidders will tune in to catch a 1, 2, or 3 day auction.

Edited to add:

The Florida FUN show is going on right now and the major auction venues will captivate the interest of many potential buyers more then Ebay.

ParkHunter · July 12, 2013 4:12AM

I decided I will just keep this coin ($20 lib. in MS63) and list my $5 for no reserve.

I'll sell the $20 when I have time for a 3 day auction. Thanks guys!!

Broadstruck · July 12, 2013 4:24AM

<< <i>I decided I will just keep this coin ($20 lib. in MS63) and list my $5 for no reserve.

I'll sell the $20 when I have time for a 3 day auction. Thanks guys!! >>

You could always try the Buy/Sell/Trade US Coin Forum here with a set price.

JustNeedCoins · July 12, 2013 4:25AM

I only do 1 days auctions.

JustNeedCoins · July 12, 2013 4:26AM

Unless it is a truly unique item. But few coins qualify for that.

Tookybandit · July 12, 2013 5:11AM

If it is an expensive item, I often do 10 day auctions. Just gives a better shot for more eyeballs to see the item.

Is it safe to do a 1 day ebay auction?

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