Buy it Now

jetpro · October 23, 2007 8:01AM

Do sellers actually look at completed auctions before listing a buy it now coin? Especially for modern gold and platinum, the completed auctions never approach the buy it now prices. Lesson here is bid don't buy. Would you agree?

jessewvu · October 23, 2007 8:03AM

Na, buy it now prices have to be high most of the time, especially if they are in eBay stores due to the fee structure. Sometimes people just need to have the coin now and will pay extra for it.

ONETHREE · October 23, 2007 8:13AM

I ways check the auction prices before listing a BIN or best offer. Some auctions have resulting lower prices because of when they ended, or that seller did a poor job with the same item. Just an abnormal high price (the result of a bidding war) is not the real market price, neither is an abnormal low price.

Either way, people are free to set a price as they see fit. You will notice with the moderns that many times the seller does not even picture the actual coin for sale, and may not even have it in hand. Are you more likely to get a rip on an auction? Certainly. Many reliable sellers with accurate descriptions, and actual pictures use BIN, and you are in some cases less likely to have a hassle. Sometimes you get the service that you pay for.

So I don't think the resulting lesson is that one should avoid BIN categorically, but if the BIN is out of line with the last five or ten auctions, then you should wait for the next auction to come along.

seemyauction · October 23, 2007 8:20AM

Use what ever works best for you......

Alan

Silverstate · October 23, 2007 8:41AM

Buy it Now auctions can be great. If you find what you like and it is a fair price.
You can own it that fast.
I also like the best offer addition.
I bought a few nice coins with that Best Offer feature.

Texast · October 23, 2007 5:19PM

If I have something I want to hold on to for a while I will put a higher BIN price on a store listing, if someone decides to pay the price that's alright with me. You need to remember that some people shop on Ebay Express where only BIN listings will appear if the seller qualifies to sell there, always a good margin from that venue. I've also had items that would not even draw a single bid at the opening price that sold higher after putting it in the store listing with a BIN.

roadrunner · October 24, 2007 8:11AM

There have been times where I would have happily paid the BIN had I seen the auction in time. In one case I paid an extra 10% over the BIN to get the coin. Sellers are not always spot on when selecting a BIN, esp on an old holdered or PQ-looking coin. Other times I've seen sellers who were completely out of touch with current pricing and had their BIN set at 10-20% under wholesale.
While it happens infrequently, it does happen.

Sometimes the BIN is the BOMB.

roadrunner

jmski52 · October 24, 2007 8:21AM

I listed a 2005 Platinum Proof Set this week and the first email I received asked me why I didn't include a B-I-N. I feel that for Platinum at this time, there is nothing quite like free market competition. Any Buy It Now that I might have plugged in could have been off by $500 in either direction, based on recent sales of the same item.

Buy it Now

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