Need a good chewin' out?

Agflyer · December 23, 2003 3:03PM

Check out this Ebay auction and read the paragraph above the photo. I guess that's one way to try to get people to up their bids.

Agflyer · December 23, 2003 3:17PM

A black and white, PR69 deep cameo of the same year recently sold for $26 on Ebay. This person's auction is already at $71, with the premium for the toning. I wonder what price he was hoping for with over two days left?

FrattLaw · December 23, 2003 3:30PM

Believe it or not -- the seller is a Senior Board member here and the pics on the site are Tad's (Supercoin) but he isn't the seller.

Michael

SarasotaFrank · December 23, 2003 3:34PM

well that was kinda tacky

ElectricEye · December 23, 2003 3:48PM

<< <i>bid a fair bid for a PQ coin >>

Funny thing, he hasn't listed any...

Boom · December 23, 2003 4:10PM

Hey guys-we're kinda forgetting something here.Since, like manofcoins, I too buy and sell, if I were bidding i would be laying low for the flurry at the end so as not to up the price too much! I mark coins I'm intrested in and bid late! Right now I have 5 tougher dates on bay and am not at all surprised by what I see. If anything I though someone would have used the BIN feature on these very seldom seen coins

hamiltonjh · December 23, 2003 4:30PM

If I had bid on that and then that little tirade came up...I'd pull my bid.

While I agree with pulling coins if they're not going to do well, I dont agree with the unprofessional manner of the seller.

Bochiman · December 23, 2003 5:22PM

Yeah, I saw this.....seller is a board member and posted the link to his coins in the BST....
I went there, started looking at some Ikes to see if I wanted to bid, saw that message and stopped.

I was insulted. Saying that he buys and sells so he needs to make money...sure, I understand that, but if you want to sell on ebay and feel that way, put in a reserve or start your price at the minimum you can allow.

I just get VERY turned off on sellers that do things like pull the auctions because they aren't enough (I saw an auction that had a reserve for 5 or 7 days...no bids. Seller dropped the reserve ~$30 with a BIN as well. Someone bid and the item ended up going up another $70 in the last day or less (newest reserve was $195 with a $220 BIN. Closing price was $303.99).
That person may have lost on the coin if only 1 person bid, or no one did, but he didn't pull it (even when the original @ $220 with a BIN of $240 didn't get bids). He ended up making a bit more than if he pulled it too!!!

I am sure I am just ranting and the seller(s) won't bother realizing that their wording/actions turn off potential bidders now and in the future, but....well...I needed to.

Cladiator · December 23, 2003 5:33PM

What's with all the cancelling auctions early crap? What about the huge amount of snipers that we all know populate the numismatic ebay world? I hear about and see sellers cancel auctions and I'm sorry but I just see that as lame. If you are afraid of taking a big loss then why don't you simply put a reserve on the auction? You can even say in the description what the reserve is so people know what you are expecting for the coin(s). Also, with a reserve if you're auction does not sell then you get a partial refund through Ebay instead of eating the fees on a no reserve auction you prematurely cancelled. I see sellers do that sort of thing and it makes me cringe both as a bidder and a seller.

Just my thoughts....not meant to offend anyone..........

braddick · December 23, 2003 6:50PM

These Ikes were on my 'watch list' and I was planning on setting aside the closing times to seriously compete and bid heavily on these coins.
Toned Contemporary coins will sometimes sit and not budge for most of the auction- getting a few token bids at the beginning and then a flurry of activity, only at the very end.
It's the nature of eBay on some types of coins.

It's a shame this isn't always understood and auctions ended prematurely. a shame not only for the Collector, but I honestly believe, for the Seller.

TWODOGS · December 23, 2003 7:04PM

I have to agree with Bochiman. I don't understand why someone would start a coin at a dollar if they aren't willing to take the risk. I have to sell coins also, if I want to buy new ones. My opening bid is the minimum I need to get out of the coin. If I eat the listing cost, oh well, better than taking a hard hit on the coin.

But...I always see people boasting about their 99 cent open or their auctions being "True Auctions." That's fine and dandy if you aren't working on a really tight budget. I don't list coins to lose money. I also don't have to end auctions because my bids aren't skyrocketing.

cherrypickincoin · December 23, 2003 7:12PM

I've lost enormous amounts of money on eBay by starting the auctions at a dollar. It simply doesn't work. I've made the mistake of trying it again and again and I have never once made a profit from that method. eBay is just a very cheap place to sell coins. Adding up the final value fees, plus the listing fees, plus the cost of using a credit card service, you're looking at about 8% knocked right off the top of your profit. You have to have a substantial markup to get ahead at all on eBay. It's just a giant worldwide flea market.

Cladiator · December 23, 2003 7:13PM

I respectfully disagree...If you use Ebay and it's services shrewdly and find a format that works for you selling coins can be rather lucrative (sp?). When I started I too lost butt loads of money. After studying successful sellers I came up with a successful auction strategy. You have to also do everything you can to minimize your fees on all, too include auction and payment service fees. It can work...don't give up just research and change your tactics a bit.

For me personally...

If it is not a high value coin I list it at 99cents and no reserve to save on listing fees. Since I'm not expecting much for it I'm not worried about it getting few bids.

If I am selling a high value coin I still list it at 99cents to save on fees, however I do put a reserve on the auction. I also state the reserve amount in the description...not like it's a big secret or anything. If it sells then great I get what I want for it. If it doesn't sell at least I get a partial refund and nobody is screwed out of an opportunity.

In almost 100% of my coin auctions I have noticed a very regular bidding trend. Multiple bids early on and then the auction flatlines. Maybe get 1 or 2 more bids from day 2 to day 6. On the last day I usually get a few more bids and then in the last hour or two several bids come in all the way up to the close of auction.

I guess the auction cancelling thing is just a pet peeve of mine.

Bochiman · December 23, 2003 7:20PM

Ok,

I am not going to say much more, but I am going to put 2 links....you guys can infer what you want from them and comment (there is more to say based on a few things I looked at and saw, but this will do for right now):

Link1

Link2

Anyone notice anything about these 2 auctions?

cherrypickincoin · December 23, 2003 7:23PM

Goes to show you that glowing feedback doesn't always mean a seller is honest in his/her dealings. That guy is scum and should be banned. Isn't it part of eBay policy that you have the item in stock that you are selling? Crazyness.

Bochiman · December 23, 2003 7:29PM

Brian,
He probably does have it in hand. The other auction closed on 12/6/03, so, I would say it is likely he has it in hand to sell.
Auction ends 12/6/03, new auction started 12/19/03

Supercoin ships very quickly and is a great guy so it was probably received within 3-5 days depending on payment. I've dealt with Supercoin a couple of times (on this board...buying a few things.....really great person to deal with!)

joeyuk · December 23, 2003 7:35PM

In my opinion an auction is an auction and the bidders determine the price. If he needed more for the coin shouldn't he have set a reserve or placed it in a e-bay store for a fixed price? Joe

1jester · December 23, 2003 7:59PM

Bochiman, very interesting links!! I find BLKCHVEY6 to be beyond the pale. Here's what he quotes in his sale of the 1980-S SBA he bought for $2.51 from Supercoin:

"On Dec-23-03 at 11:16:13 PST, seller added the following information:

At this point these bids are SHAMEFUL. I have to buy the coins and make a living by selling them. I dont mind making a small profit, but the bids I am seeing here for PQ coins are absolutely absurd and will not get it the job done. I am going to run these auctions for 24 more hours and if I dont see what I believe is fairness of the part of you the buyers, I am going to end the autions and sell them in other locations. A bargain is a bargain, I like to get one to, but bidding so far isnt close to even a bargain its more like highway robbery. Therefore if you want one or more of the coins you see, bid a fair bid for a PQ coin. Sincerely, BLKCHEVY6."

At this point, he is making about 1000% percent profit. How much does he "need" to make a living? And why should the sellers guarantee that he make a profit at all? He doesn't have to do this for a living; he could find some other line of work. What a complete loser and jerk.

1jester · December 23, 2003 8:03PM

By the way, ending auctions early is a despicable way of "doing business". It's bad business. Either start the coin at the price you need, or put in a reserve. Period.

cosmicdebris · December 23, 2003 9:03PM

I sweated out a few auctions that I started with a dollar but the snipers always came through in the end.

MadMarty · December 23, 2003 9:46PM

I was going to snipe some of his auctions. After reading that, there is no way in HELL I will ever bid on his auctions! That comment is rude and an insult to anyone thinking about bidding on his coins!

nwcs · December 23, 2003 10:10PM

Funny! At least the seller was being honest, if not downright silly!

AACoinCo · December 23, 2003 10:10PM

Correct me if i am wrong but does he not make his living from the US Navy as opposed to being a full time dealer?

Gandyjai · December 24, 2003 9:15PM

My thoughts on this yo-yo................

1. VERY rude and insulting!

2. I would NEVER give his auctions a second look.

3. Tad did a great job listing them in the first place.....GREAT pics, descriptions, ending times and a SUPER reputation as a seller!! What makes this guy think he can attract MORE $$ than Tad did ONLY a couple of weeks later?
Sure, he used Tad's great pics and descriptions (I am assuming with permission).....but he left the description in "first person" like it was HE who found it and had it slabbed for it's toning,.....which is an all-out lie!

4. This guy was obviously worried about losing a few bucks. What he has lost instead is worth even more,........potential and future customers.

Merry ChristmasTo All!!
Brian (Gandyjai)

MadMarty · December 24, 2003 10:31PM

I got an E-Mail from the seller saying...

<< <i> Now to the reason I am writing you. If you take a close look there are now no auctions from me to bid on. I wasnt Rude I was just to the point. I refuse to let what is obviously a group of people on EBAY right now that are to cheap to buy anything nice all year or other dealers that are bottom fishing to steal my items to only sell them again in FEB at a hugh
profit. Where is that fair?

If you see another EBAY auction from me its completely up to you a to whether you
bid or not, that is your choice. But think back if you bought something from me was it not
the way I described it would be, was it not packaged carefully to wear it wouldnt be torn up inroute. It seems awfully quick people forget the little things.

Am I not allowed to voice my opinion when I think I am being cheated?

Well at any rate I think you see my side now whether you like it or not. >>

I agree with his thinking, just not the way it was handled. He should have ended the auctions and re-posted them with a reserve if he was THAT worred!

joeyuk · December 24, 2003 11:58PM

Am I missing something? The S.B.A. was bought for $2.51 and was bid up to $25.05 and he is worrying about someone buying from him cheap and making a huge profit in Feb. ? He must not have any mirrors.

puff · December 25, 2003 12:13AM

It's all very simple....... Put a reserve on the coin so you will make a profit if it sells...... If you have bought the coin right to begin with it should sell, and you should make a profit...... If you've done your homework!

rainbowroosie · December 25, 2003 12:39AM

"PQ" coins, especially color coins, explode as the auction hits its last 10 seconds. Quite simply, many high rollers wait until the very end to bid. Recently, I bought a 1946-64 roosie set that was bid at about $110 with a minute to go for $406....Watch the next greattoning auctions...his coins triple sometimes in the last minute...DEALERS: if you really are selling "PQ" stuff, you will get stiff money....trouble is many sellers think their pedestrian fare is "PQ" when it is not...

PS: same with TELETRADE rainbow auctions....check the prices for the really neat coins with 5 minutes to go and then compare with the final bid.....

66impalaSS · December 25, 2003 2:29AM

I agree about not ending auctions early. Most of my auctions on ebay may or may not get a bid early and then it will slow to no bids. Then in the last few minutes I will see a bidding war. Now some coins do not sell at all and I know why they haven't sold. (like pocket change put on just to see what would happen

even tho some of them have sold too)

I have not had a reserve on any of coins sold yet and no shill bidder either

and have done just fine on ebay, starting most of them at face value.

SarasotaFrank · December 25, 2003 2:35AM

<< <i>I got an E-Mail from the seller saying...
or other dealers that are bottom fishing to steal my items to only sell them again in FEB at a hugh profit. >>

Does anyone know this fellow HUGH Profit, to which he refers?

LAWMAN · December 25, 2003 3:18AM

This technique doesn't work on me and I can't imagine it works on anybody else short of the masochists out there. Sale by stimulating guilt is not one of the better marketing techniques.

Dollars · December 25, 2003 4:16AM

Never again. And I was looking for Ikes....

I guess he loses my money as well..

I know someone out there wants to sell stuff. Not complain that they did not start the bid high enough or that the add on BIN cost to much for him to do business.

Sure take you marbles and go home.

I'll take my money elsewhere.

Askari · December 25, 2003 4:44AM

Really

. The only one cheating him was himself. If he didn't get any early bids, it might have to do with his S&H being $6.00 vs. Tad's $2.50. It's almost humorous that he seems to feel the bidders owe him a huge profit margin ... but then he didn't feel that way about Tad when he got it originally.

Need a good chewin' out?

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