Ebay sellers are really turning me off these days.
CommemKing
Posts: 2,202 ✭✭✭✭✭
I browse every day (especially for commemoratives) and every where you look sellers have their coins listed with hugely inflated starting bids. I see them list these coins over and over with no one buying them. Its a real turnoff. It seems 10x harder to find deals these days then just a few years ago. I'm getting fed up.
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``https://ebay.us/m/KxolR5
SAVE $261.32 + FREE SHIPPING
You watched at $265.00. We found one similar for $3.68.
1980 P & D Kennedy Half Dollar Set (2 Coins) *MINT CELLO* **FREE SHIPPING**
$3.68 for a limited time.
3 left at this price.
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Just for my info I was tracking a TOP POP PCGS graded coin and they had to step in where they had no knowledge of.
10-4,
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My registry sets
Given the high eBay fees, I'm surprised that any really "legitimate" sellers are still there. Numismatics is a low mark-up business. Collectors have been spoiled. Unfortunately when eBay charges its high prices, there is no much left for the seller, which explains why so many of them play games.
Wow, ebay fees are super low as I run an eBay business and find their fees very low for what they offer.
Ebay is an awesome place to run a coin biz.
I couldn't even image the overhead on a B&M store plus the threat of being shot every day. Flying to a show every week, hotel rooms , etc.
ebay is where it is at
Don't miss it at all.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Given the high eBay fees, I'm surprised that any really "legitimate" sellers are still there. Numismatics is a low mark-up business. Collectors have been spoiled. Unfortunately when eBay charges its high prices, there is no much left for the seller, which explains why so many of them play games.
Wow, ebay fees are super low as I run an eBay business and find their fees very low for what they offer.
Ebay is an awesome place to run a coin biz.
I couldn't even image the overhead on a B&M store plus the threat of being shot every day. Flying to a show every week, hotel rooms , etc.
ebay is where it is at
Your experience was much better than mine, I tried to make it work over 15 years ago when the rates on what you sold were lower. The listing fee was cheap, but after you sold the item the hammer came down big time. My mark-ups were in the 15 to 20 percent range, and after eBay got done with me, there was not much margin left.
bob
I start mine at 99c in 98% of my auctions, sometimes things don't do well, but for every one of those, several blow past my high expectations.
I have a lot of local customers and local vest pockets that buy from me, lately, I offer them coins at wholesale prices in my office, they pass wanting a better deal, then I get home and they are bidding it up higher than I offered to them the first time.
Just this morning, one of the vest pockets I sell too, came over (lately he has been lowballing me on offers) and asked when am I going to get a look at the good stuff, I said" you will when it hits ebay" They'll learn! have a couple of others try to low ball me recently, they don't get shown the good stuff either, because of this reason
jim
For the people still selling absolute auctions with low starts, they are either selling on consignment or getting their material dirt cheap/free.
A beautiful 1936 PCGS 66 CAC Baybridge went for well under PCGS Market Valeu on ebay a couple of weeks ago. I did not acquire it, but regret putting in a nuclear bid. I buy and sell no ebay and find great deals all the time.
I have bought many great deals BIN too. I do agree with another poster many of the ebay buyers - the elevator does not go to the top lol.
When either set up at a show or reading a blog I find many blasting ebay sellers or bourse room dealers simply do not have any money. The people who have money are looking for a deal or setting up a sale / trade. One has to learn to discern items in any auction venue. If your familiar what your looking for that should not be a problem. Yes I have to weed thru a lot of stuff on the bay to find things and have perfected my own search criteria. Recently I was reviewing a dealer site which a poster referred from there. This guy had a lot of stuff outrageously overpriced, so its not just ebay sellers.
My prices typically are about the lowest at any given time for the same quality coin.
The bottomfeeders are the issue.
Seriously, every time I start any coin at .99 it sells for half it's actual value. It doesn't matter if it's raw, slabbed and/or CAC stickered. I've learned that I must start at the dollar amount I'm comfortable with and if the coin doesn't sell, ok. I can live with that.
My prices typically are about the lowest at any given time for the same quality coin.
The bottomfeeders are the issue.
Agree with starts at 99c being risky I definitely do not start anything at 99c unless $5 junk and even then there is the chance you may give it away for no more than ship cost. The bottom feeders will definitely bookmark every coin they see starting off at 99c they are interested in. I think a lot of those sellers have shills. I would not start any coin below BV or 60-70% of MV.
I have many times started a coin on the bay at a value in an auction I am comfy with (but is significantly below MV and then after 3 tries of it being auto listed and not selling just throw it back in the store at retail. What this means is many buyers coming into the bourse room simply lack money or just looking for whatever rip they can get.
The do not start their auctions at .99 and do do a lot a BIN's. Some of their material has been at the same price for over two years that I know of. They do not do consignments so it's their material.
bob
I WAS a manufacturing and Engineering manager, and lived on metrics, charts, etc.
2 ID's, 300 free listings a month in my main product area, and another 250 in areas I seldom list in.
Therefore 10 items per day average, must be photographed and listed, in the main product group, and then anything in the oddball areas that are free.
Sell through rate is 42% average for the last 6 months.
If it does not sell in the 1st 30, it gets put on ice for 30 more days, and then brought back at 10% off, lather, rinse, repeat until it is gone.
The thing that I STOPPED doing was having the good til cancelled listing. It was eating up too many of my listings each month that did not sell, and I did not want to crowd out new listings by running out of Free ones (i am cheap).
While the main product line is the bread and butter, it is the weird stuff at gives me a smile, because it is clearing out the junk.
We are on a serious downsizing right now.
2 old Lionel train transformers, thought about trashing them, they sold, a Blenko red glass stopped to a bottle that broke, sold for $25, an old Monopoly game, sold for $28, a Stratego game, 1st edition, sold for $75
I found my dad's Camera bag, and took the camera's to a place to sell: Offer was $30, would have been happy at $70. Sold over $300 so far, and have a few things left.
I'll pay 10% all day long for that ROI.
As of this writing, there are more than 826,000 listings in US Coins.
Of those, only 131,000 are auctions. The balance are BIN.
Of the auctions, many have starting prices equal to or greater than retail.
The legitimate auctions with starting prices less than retail are not real auctions either as long as ebay facilitates sniping.
For last second bids, the bid window should be extended by three minutes or so to ensure all bids are in.
The problem is that ebay is not an auction site.
As of this writing, there are more than 826,000 listings in US Coins.
Of those, only 131,000 are auctions. The balance are BIN.
Of the auctions, many have starting prices equal to or greater than retail.
The legitimate auctions with starting prices less than retail are not real auctions either as long as ebay facilitates sniping.
For last second bids, the bid window should be extended by three minutes or so to ensure all bids are in.
The clock running out ensure's all bids are in.
Ebay has focused on reducing it's auction listings and increasing it's "store fronts." I for one prefer to visit, shop and buy. It's much simpler and quicker. Then again, I'm an impulse buyer.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Ebay sellers are really turning me off these days.
Does this one do anything for you?
No Way Out: Stimulus and Money Printing Are the Only Path Left
I agree 100% with TigersFan2. Until eBay stops with all the free listings, we will continue to see the same over-priced coins listed over and over and over and over again for ETERNITYcoin.
Ebay is no longer about the little guys selling things, but is geared towards the large sellers to park their inventory BIN as their online store.
While the main product line is the bread and butter, it is the weird stuff at gives me a smile, because it is clearing out the junk.
We are on a serious downsizing right now.
2 old Lionel train transformers, thought about trashing them, they sold, a Blenko red glass stopped to a bottle that broke, sold for $25, an old Monopoly game, sold for $28, a Stratego game, 1st edition, sold for $75
I found my dad's Camera bag, and took the camera's to a place to sell: Offer was $30, would have been happy at $70. Sold over $300 so far, and have a few things left.
I'll pay 10% all day long for that ROI.
You've been fortunate. I have a friend who over the past few years has been clearing out the junk (same stuff you describe) and selling on Ebay. He's listed stuff clearly with many photos, but he's had nothing but hassles from buyers who nitpick one thing or exploit Ebay's buyer-friendly rules for something imaginary. From his experiences, I've made the general conclusion that coin buyers are a step above the average Ebay buyers.
The problem is that ebay is not an auction site.
As of this writing, there are more than 826,000 listings in US Coins.
Of those, only 131,000 are auctions. The balance are BIN.
Of the auctions, many have starting prices equal to or greater than retail.
The legitimate auctions with starting prices less than retail are not real auctions either as long as ebay facilitates sniping.
For last second bids, the bid window should be extended by three minutes or so to ensure all bids are in.
Extending bidding by 3 minutes wouldn't deter sniping. And with proxy bidding, if you don't have your max bid in anyways, then what's the complaint? It's your own fault if you don't win and you were willing to pay more.
Ebay sellers are really turning me off these days.
Does this one do anything for you?
I guess you only need to sell one.
The problem is that ebay is not an auction site.
As of this writing, there are more than 826,000 listings in US Coins.
Of those, only 131,000 are auctions. The balance are BIN.
Of the auctions, many have starting prices equal to or greater than retail.
The legitimate auctions with starting prices less than retail are not real auctions either as long as ebay facilitates sniping.
For last second bids, the bid window should be extended by three minutes or so to ensure all bids are in.
The clock running out ensure's all bids are in.
Ebay has focused on reducing it's auction listings and increasing it's "store fronts." I for one prefer to visit, shop and buy. It's much simpler and quicker. Then again, I'm an impulse buyer.
How can that be?
There have been many complaints posted right here from willing and eager buyers being outsniped and who would have paid more if they had the opportunity.
The problem is that ebay is not an auction site.
As of this writing, there are more than 826,000 listings in US Coins.
Of those, only 131,000 are auctions. The balance are BIN.
Of the auctions, many have starting prices equal to or greater than retail.
The legitimate auctions with starting prices less than retail are not real auctions either as long as ebay facilitates sniping.
For last second bids, the bid window should be extended by three minutes or so to ensure all bids are in.
Extending bidding by 3 minutes wouldn't deter sniping. And with proxy bidding, if you don't have your max bid in anyways, then what's the complaint? It's your own fault if you don't win and you were willing to pay more.
There would be no such thing as sniping if each bid extended the clock by three minutes.
The problem is that ebay is not an auction site.
As of this writing, there are more than 826,000 listings in US Coins.
Of those, only 131,000 are auctions. The balance are BIN.
Of the auctions, many have starting prices equal to or greater than retail.
The legitimate auctions with starting prices less than retail are not real auctions either as long as ebay facilitates sniping.
For last second bids, the bid window should be extended by three minutes or so to ensure all bids are in.
The clock running out ensure's all bids are in.
Ebay has focused on reducing it's auction listings and increasing it's "store fronts." I for one prefer to visit, shop and buy. It's much simpler and quicker. Then again, I'm an impulse buyer.
How can that be?
There have been many complaints posted right here from willing and eager buyers being outsniped and who would have paid more if they had the opportunity.
Then they are not putting there max bid in before the clock expires. Who's fault is that? Not EBay's.
Ebay has been around for like 20 years , the auctions have always ended at a set time . Extending auctions to get added bids is never going to happen . Do we really need the internet equivalent of the potted plant auction? Sellers would just have a shill bump the bid to add 3 minutes . It would be ridiculous.
The problem is that ebay is not an auction site.
As of this writing, there are more than 826,000 listings in US Coins.
Of those, only 131,000 are auctions. The balance are BIN.
Of the auctions, many have starting prices equal to or greater than retail.
The legitimate auctions with starting prices less than retail are not real auctions either as long as ebay facilitates sniping.
For last second bids, the bid window should be extended by three minutes or so to ensure all bids are in.
The clock running out ensure's all bids are in.
Ebay has focused on reducing it's auction listings and increasing it's "store fronts." I for one prefer to visit, shop and buy. It's much simpler and quicker. Then again, I'm an impulse buyer.
How can that be?
There have been many complaints posted right here from willing and eager buyers being outsniped and who would have paid more if they had the opportunity.
You want it? Place your max bid. If someone snipes you higher then extending the auction only temps you to spend more than you planned on spending. Ending an auction at a specific time will prevent your competitive emotions from getting the best of you and your wallet.
No Way Out: Stimulus and Money Printing Are the Only Path Left
Buy right, you can sell right, not saying rip people, but buying it right is the key!
I think a bigger problem is folks trying to sell have a higher expectation of what things are worth in todays market
There are a lot of collectors with illusions as to what their stuff is really worth. They overpay for stuff and then are trying to claw some of that back when selling. When no one seems interested in bailing them out they get stubborn and decide the potential buyers must be idiots.
I was in a shop the other day and a person came in with a run of about a dozen half ounce proof gold eagles and he wanted 900 each from the shop owner. He became very upset and after a while if the store owner would sell them on ebay for 850 as a last resort on consignment , which was also turned down as impractical.
The shop owner was remarkably patient and just kept saying no in different ways in a polite manner.
I buy gold bullion pretty frequently and I've always considered proof eagles as scrap , most people seem to share that view I guess that guy must live in a bubble of some type , he didn't get the memo.
``https://ebay.us/m/KxolR5