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Starting bid $1; BIN $11,500?????

KoinDawgKoinDawg Posts: 890
in U.S. Coin Forum
Some ebay sellers I just don't understand. Why bother starting an auction at $1 with RESERVE and then have BIN at $11.5K? He probably paid more for the RESERVE amount than if he started the auction at $5k and let it be a real auction.

"Link"
image Scottish Fold Gold

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    pharmerpharmer Posts: 8,355 ✭
    How does that work? How much did he have to pay for the reserve amount to be included in the listing?
    Quis custodiet ipsos custodes?

    Apropos of the coin posse/aka caca: "The longer he spoke of his honor, the tighter I held to my purse."

    image
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    eyoreeyore Posts: 257
    are the coins worth the bin price?
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    KoinDawgKoinDawg Posts: 890
    Don't know. It's from the SS Central America Shipwreck.

    Insertion Fee $1.00 – $9.99 = $0.35
    Insertion Fee $500 or more = $4.80

    Reserve Fee $200.00 and up = 1% of Reserve Price (up to $50)

    BIN Fee $50.00 or more = $0.25
    image Scottish Fold Gold
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    rsdoug81rsdoug81 Posts: 682 ✭✭


    << <i>are the coins worth the bin price? >>



    The fact that the coins have the CSA die break should add a moderate premium, but I think the BIN is still a bit excessive.
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    SNMANSNMAN Posts: 1,423 ✭✭✭
    doe anyone have a link to the ebay fees calculator??

    thanks,


    got it, did a search on ebay calculator.


    SNMAN

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