It's a buyers market.
TwoSides2aCoin
Posts: 44,621 ✭✭✭✭✭
On eBay, anyway.
Listed these 56 different dates and mint marked quarters for $.99.
A win for the buyer. See ? There are still a lot smarter people out there, than me.
I would have bought this at melt price if it came in to the shop. Oops, I did.
What was I thinking ?
Kudos to the buyer. Dummie me.
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Comments
It depends on what you are selling.
I wish it was a buyers market because I can not find anything at wholesale.
Try constitutional silver.
``https://ebay.us/m/KxolR5
Those 10,000 recent transactions were all retail. Wow.
no thank you
My statement above is in the present tense. Recent transactions are in the past tense. Some retail, some wholesale, some in-between.
Recently, I have been paying retail prices for my new inventory. Of course, I need to mark that up creating a new higher retail price.
Throw in the selling fees and shipping costs and that is a real kick in the rear.
Now lets see if the buyer complains.
Do you run auctions starting at 99 cents?
Sometimes, My whole business used to be that way. I have evolved over time to almost only BIN's as replacing the BIN type of coin in my inventory is extremely difficult and very time-consuming.
My business model over the last twenty years of mostly 99 cent auctions, was to use those proceeds to buy unique irreplaceable coinage and build inventory (at that time a personal collection). A perfect model that worked fantastically. I have changed to an even better model for the state that my business is in today.
Oh yeah? Not the way I got blown out in the last Heritage auction!!
Member ANA, SPMC, SCNA, FUN, CONECA
I have been looking.... but I guess what I am buying is not what is being sold cheaply....
Cheers, RickO
Yes, but you can start one of your unique irreplaceable coins at 99 cents and not have it get up to what you think the retail value is. It takes two people to make an auction. And eBay is so crowded, you can't guarantee those two people even find the auction.
Why would I do that unless I wanted to get rid of that particular BIN for one of many reasons?
All of my coins are handpicked as I no longer buy bulk.
I know what you are trying to say, but it really is irrelevant in a very thin market, IMO
Do you personally put up your favorite coins at 99 cent start auctions?
99% of my coins are my favorite coins.
But that was the point of this thread.
He started the silver quarters at 99 cents and they failed to get but up to melt value. So your response that it "depends on what you are selling" is spurious. As you yourself now admit, even your great special rarities may not get up to "fair market value". So it isn't what he was selling but HOW he was selling it.
That is the point, common silver quarters will not do good in this market, 99 cent or BIN.
Unique coins will do fantastic in this market and do not need to go the 99 cent route.
I always try to buy but can’t find any to buy
So, starting NOW at 99c could be a grave ..... error?
No, not at all. In fact, many times the ex-BIN unique coin will go higher at a 99 cent auction than a BIN.
All I am saying is that I use to have to do 99 cent auctions to survive. I no longer "have" to do 99 cent auctions as my business has matured. Cash flow is fantastic with zero debt. No need to do 99 cent auctions for me.
OUCH for the seller !!!
I also didn't too well when I listed a better date Barber & WLH in good condition in the auction. End up getting close to melt for both including my shipping. 
Actually, 90% silver quarters have been selling for 10% OVER melt value at the WHOLESALE level for most of the spring. But it is always a risk to start ANYTHING at 99 cents on eBay.
Cue @ironmanl63
I'm not so sure!
I'm good.
Its always a buyers market somewhere for something, I just never seem to be in the right place at the right time.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
True. And even at the bottom of the barrel, collecting on the cheap is alive and well.
``https://ebay.us/m/KxolR5
Buyer (if not a dealer) had to pay sales tax as well. They paid about what my local shops pay at (65-67% of melt).
I look for good material where good chance get good markup. Have lost a lot of eBay bids people bidding stuff up above bid - Unbelievable with the high unemployment. On sell side every now and then a good retail sale. Seems like Tire Kickers asking for ridiculous discounts infestation...Just tell them unless bin / mo already at best price. If they message back just ignore them.
We are moving into summer doldrums and hope get some good buying deals. Basically if it’s not a deal buying it right, pass.
This story isn't over. I sent the items to the wrong buyer. The buyer sent back a Morgan dollar that belonged to a different buyer. That buyer received a silver Eagle intended for another buyer. My life saga continues.
``https://ebay.us/m/KxolR5
Even with the premiums on 90%, IMO, only thing that does well on ebay (or above what my wholesaler pays) is Nicer VG btr walking halves or mercury dimes. SLQ's would, but most of them are worn out so i never list those
Just think of it as extra excitement you've given their current boring lives for free
Agree jdimmick. But if you could read the collector's side who won this , and the buyer's side, who inadvertently received it..... well it's a better hobby because if it. One is ever hopeful. The other a bit disappointed that she received a beautiful old collection and not her item. Despite lower than expected prices in $.99 auctions, I still run them.
``https://ebay.us/m/KxolR5
There is a strong reason for a fully matured business to do 99 cent auctions. And, that is, to add new customers to your customer list. There is no telling what a specific new customer might be worth to a matured business. In my 18 years on eBay, I have had a number of $50 players turn into “six figure accounts”. My son, Justin, is also developing those type of customers out of his open bid auctions starting as little as .42. Sure, one will lose $10 and $20 or more on an auction along the way from time to time. A cost of building up the matured business to the next level.
Wondercoin
I can agree it is a buyers market in certain areas. However my online retail sales have been strong perhaps the demise of shows due to covid. Auction sales mainly break even less bay sell expense.
For online auctions many in coin club say inexpensive raw coins and material close to melt or intrinsic value (common slabbed dollars) do well starting at 99c. One major online seller of this material has huge auctions (99c) seems to have a large following and bidding can be very competitive. I recently won 2 coins that total $14 for my collector coin binder (cowans pages). One coin won months ago a world Gem BU (possibly a 66 plus) world coIn I had at cost plus have decided to slab as a tire kicker was aggressively trying low ball me on it (Probably cover slab cost) as he collects or possibly deals in that area. So I ended it put it on slab bus. When you have somebody on bay repeatedly try talk you down stand your ground and try figure the reason he’s badgering you. At shows I just tell them “do you have one to sell me at that.” Or you could say “that is lowest consignor will go.” Then they put up or shut up. I generally view them as PL (Pathetic Losers) a strip club term.
Bid auctions aren’t what they used to be. They used to get you top dollar but now I find they regularly get less than fixed price listings. My theory is the thrill of bidding and waiting up to a week is largely gone. People would rather pay a little extra to get it immediately and have it shipped the next day than wait a week with the unknown if you’ll get it. Just my theory.
definitely a buyers market for cars, hertz is blowing out their fleet of thousands of cars below wholesale
https://www.msn.com/en-us/money/companies/looking-to-buy-a-car-hertz-is-selling-thousands-of-used-cars-in-its-fleet-in-bankruptcy-at-bargain-prices/ar-BB15qHU6?li=BBnbfcL
At the Heritage Auction in which I participated, I bid higher than the same item, in the same grade had ever sold for. We are not talking POP 1 here or anywhere near it, and the item is on “the dark side.” I think I came in third, well below the winner.
I’ve been bidding in smaller auctions and buying from fixed price lists on the Internet since the shows have all been canceled. I have had a lot more fun going that way.
“definitely a buyers market for cars, hertz is blowing out their fleet of thousands of cars below wholesale”
What I forwarded to my son (after he read about Hertz) that I read online and agreed with... nothing against Hertz...
“At this point in time heed my advice and DO NOT BUY A USED CAR! With dealers taking in new 2021 vehicles soon, the pandemic causing slower than usually sales, they are offering outstanding deals and financing option. Think about it this way. You can get a new 2019 (yes 2019, still new) F150 XL with crew cab, 4x4, and the v8 with up to 10,000lb towing capacity for 32k on 84months 0% financing, or you can get the same truck with 35-45k miles on it from Hertz used for $22-25k but with a 3.9-29.9% interest rate!!! Basically paying more for the used vehicle over the life of the loan. Stay away from used cars in times like this. It makes sense, and will save you $$$!”
Just my 2 cents.
Wondercoin