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Would the forum object to an auction style listing on the BST

CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭
edited July 24, 2019 8:08AM in U.S. Coin Forum

One thread, one coin with a 99c start and no reserve. Only one auction per member at a time.

Three or maybe 5 days.

No bumps by the op to keep it from having too large of a presence.

What do you think?

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Comments

  • coinbufcoinbuf Posts: 11,639 ✭✭✭✭✭

    That is generally frowned upon.

    My Lincoln Registry
    My Collection of Old Holders

    Never a slave to one plastic brand will I ever be.
  • U1chicagoU1chicago Posts: 6,302 ✭✭✭✭✭

    I saw this used on an Australian coin forum that I used to follow. Some items (usually more scarce ones) got decent traction.

    I’m not sure if PCGS would approve, but the rules don’t specifically address this.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    Could the software handle the volume? :D

  • jwittenjwitten Posts: 5,218 ✭✭✭✭✭

    Only one way to find out.... If it gets shut down, does the current high bidder still win at the last bid price?? If so, Let's do it!! haha

  • coin22lovercoin22lover Posts: 3,542 ✭✭✭

    Maybe on the testing forum?

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    How many eyeballs here vs eBay?

    So YOU want to get less for your coins?

  • BryceMBryceM Posts: 11,841 ✭✭✭✭✭

    You can do a Dutch auction. Just set a price and keep lowering by a set increment every 24 hours. It'll sell eventually. :)

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    I would p> @ErrorsOnCoins said:

    How many eyeballs here vs eBay?

    So YOU want to get less for your coins?

    Sort of depends on the coin now, doesn't it?

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @BryceM said:
    You can do a Dutch auction. Just set a price and keep lowering by a set increment every 24 hours. It'll sell eventually. :)

    That is a good idea, Bryce.

  • RogerBRogerB Posts: 8,852 ✭✭✭✭✭

    Auctions should be stylish --- and also have lots of steamed shrimp !

  • BAJJERFANBAJJERFAN Posts: 31,176 ✭✭✭✭✭

    Just do it but take bids by PM and update once a day; taint rocket science.

    theknowitalltroll;
  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @BAJJERFAN said:
    Just do it but take bids by PM and update once a day; taint rocket science.

    No...I'll wait for the blessing of someone with a CU badge first. As well, the bidding will be transparent.

  • AlexinPAAlexinPA Posts: 1,458 ✭✭✭✭✭

    No. I'd prefer to stay as is. But if change comes - so be it.

  • MattTheRileyMattTheRiley Posts: 806 ✭✭✭✭

    What about an auction format where the winning bid is one that has not been overbid in 24hrs? Minimum Bid increments of $1. The post would need to detail payment methods beforehand, along with shipping costs, etc. That way there are no misunderstandings after.

  • crazyhounddogcrazyhounddog Posts: 14,008 ✭✭✭✭✭

    It would more than likely start wars between members. I can just see it now😂.

    The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
  • BAJJERFANBAJJERFAN Posts: 31,176 ✭✭✭✭✭

    @crazyhounddog said:
    It would more than likely start wars between members. I can just see it now😂.

    I think it's probably been done here in the past and nobody got their bundies in an undle over it.

    theknowitalltroll;
  • TommyTypeTommyType Posts: 4,586 ✭✭✭✭✭

    Another (potential) concern:

    Some completely unknown member/bidder with 5 total posts shows up, and drops a bid. Are you, as a seller, willing to honor that deal, and the risks it could represent?

    (I don't do much shopping on the BST, but I assume sellers retain a right to approve or reject buyers based on reputation, or "the smell test".)

    Easily distracted Type Collector
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,446 ✭✭✭✭✭

    Auction ? I can't find two people who want to fight it out for coins. I have 5 Barber quarters up on ebay and can't get a bid for $.99 after 5 days. What makes anyone think it would work on this site ?

  • MattTheRileyMattTheRiley Posts: 806 ✭✭✭✭

    @TwoSides2aCoin said:
    Auction ? I can't find two people who want to fight it out for coins. I have 5 Barber quarters up on ebay and can't get a bid for $.99 after 5 days. What makes anyone think it would work on this site ?

    What's your ebay handle? LOL

  • BAJJERFANBAJJERFAN Posts: 31,176 ✭✭✭✭✭

    @MattTheRiley said:

    @TwoSides2aCoin said:
    Auction ? I can't find two people who want to fight it out for coins. I have 5 Barber quarters up on ebay and can't get a bid for $.99 after 5 days. What makes anyone think it would work on this site ?

    What's your ebay handle? LOL

    It's acoinshop I believe

    theknowitalltroll;
  • BAJJERFANBAJJERFAN Posts: 31,176 ✭✭✭✭✭

    @TommyType said:
    Another (potential) concern:

    Some completely unknown member/bidder with 5 total posts shows up, and drops a bid. Are you, as a seller, willing to honor that deal, and the risks it could represent?

    (I don't do much shopping on the BST, but I assume sellers retain a right to approve or reject buyers based on reputation, or "the smell test".)

    Ask for payment as cash in small bills.

    theknowitalltroll;
  • U1chicagoU1chicago Posts: 6,302 ✭✭✭✭✭

    @MattTheRiley said:
    What about an auction format where the winning bid is one that has not been overbid in 24hrs? Minimum Bid increments of $1. The post would need to detail payment methods beforehand, along with shipping costs, etc. That way there are no misunderstandings after.

    The more successful ones I’ve seen had most of what you mentioned.

    There can still be issues, but that is to be expected.

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @U1chicago said:

    @MattTheRiley said:
    What about an auction format where the winning bid is one that has not been overbid in 24hrs? Minimum Bid increments of $1. The post would need to detail payment methods beforehand, along with shipping costs, etc. That way there are no misunderstandings after.

    The more successful ones I’ve seen had most of what you mentioned.

    There can still be issues, but that is to be expected.

    I like the 24 hours with no bid threshold.

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  • cameonut2011cameonut2011 Posts: 10,169 ✭✭✭✭✭

    Are we allowed to have hidden reserve and house bids like the major auction houses too?

  • MoldnutMoldnut Posts: 3,107 ✭✭✭✭

    Almost as bad as those that try and get interest in their coin on the forum before listing it on the BST.

    Derek

    EAC 6024
  • cameonut2011cameonut2011 Posts: 10,169 ✭✭✭✭✭

    @PerryHall said:
    Can we use our alts to shill bid up our listings? ;)

    Good idea! Maybe we can hire other posters or use alts to create artificial hype too like for the 2013 ANA gold Kennedy Halves.

  • 3keepSECRETif2rDEAD3keepSECRETif2rDEAD Posts: 4,285 ✭✭✭✭✭

    ...or we could all just roll up a big fat doobie and then puff-puff pass...I know, it’s a stretch but I’ll be over here doing just that...well, puff-puff pass it to myself and repeat, till my fingernails sizzle ;)

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @PerryHall said:
    Can we use our alts to shill bid up our listings? ;)

    The Winter Garden fellow is the potted plant in the room.

    o:)

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

  • StaircoinsStaircoins Posts: 2,577 ✭✭✭

    Plants, shills, and edits ... oh my!

  • blitzdudeblitzdude Posts: 6,235 ✭✭✭✭✭

    @ErrorsOnCoins said:
    How many eyeballs here vs eBay?

    So YOU want to get less for your coins?

    Less? No fees here. B)

  • ctf_error_coinsctf_error_coins Posts: 15,433 ✭✭✭✭✭

    @blitzdude said:

    @ErrorsOnCoins said:
    How many eyeballs here vs eBay?

    So YOU want to get less for your coins?

    Less? No fees here. B)

    Do the math, ebay fees vs eyeballs vs no fees vs 3 eyeballs.

    No contest.

  • ifthevamzarockinifthevamzarockin Posts: 8,903 ✭✭✭✭✭

    @ErrorsOnCoins "3 eyeballs"

    Is there a member here missing one or is there a member with 1 extra? :D

  • U1chicagoU1chicago Posts: 6,302 ✭✭✭✭✭

    @ifthevamzarockin said:
    @ErrorsOnCoins "3 eyeballs"

    Is there a member here missing one or is there a member with 1 extra? :D

    Yes

  • ACopACop Posts: 1,479 ✭✭✭✭✭

    Just ask for $1 million OBO for everything

  • cameonut2011cameonut2011 Posts: 10,169 ✭✭✭✭✭

    @ACop said:
    Just ask for $1 million OBO for everything

    That's not going to work. People laugh at me enough as it is. :D

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @ACop said:
    Just ask for $1 million OBO for everything

    POR is always popular.

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    PM sent. :p

  • topstuftopstuf Posts: 14,803 ✭✭✭✭✭

    @Coinstartled said:

    @ACop said:
    Just ask for $1 million OBO for everything

    POR is always popular.

    Only if accompanied by the description with no image.

  • CoinstartledCoinstartled Posts: 10,135 ✭✭✭✭✭

    @topstuf said:

    @Coinstartled said:

    @ACop said:
    Just ask for $1 million OBO for everything

    POR is always popular.

    Only if accompanied by the description with no image.

    Image unavailable

    :/

  • PerryHallPerryHall Posts: 46,519 ✭✭✭✭✭

    @ErrorsOnCoins said:

    @blitzdude said:

    @ErrorsOnCoins said:
    How many eyeballs here vs eBay?

    So YOU want to get less for your coins?

    Less? No fees here. B)

    Do the math, ebay fees vs eyeballs vs no fees vs 3 eyeballs.

    No contest.

    We have only two members here and one of them is a cyclops? :o

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • PerryHallPerryHall Posts: 46,519 ✭✭✭✭✭

    @ACop said:
    Just ask for $1 million OBO for everything

    Sounds like a typical eBay listing. :D

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

This discussion has been closed.