<< <i>have a number of no reserve auctions running at the moment. The bidding is PATHETIC. Yup, I want to cancel and I would if I could afford it. But I'm going to let them run and get slammed again. Thanks buyers. >>
Jeez...I hope you're being sarcastic. How exactly is it the buyers fault for you getting "slammed?" >>
Are you kidding? Most coins are Buy-it-now/Best Offer. You should see some "offers" I get from fully knowledgeable buyers. 50%? 30%? Everybody is looking for a rip. It's disgusting. Eventually you have to sell and take a hit. >>
It's like the buyers are circling like sharks in the water and waiting for a seller to list incorrectly and get something for nothing. IMHO
I started some pretty nice toned early commems at 99 cents each and let them go.... some were more painful than others. I know that if I'd of offered most "dealers" what some of them sold at on the open market for the same coins I'd likely be thought poorly of and/or told... "you don't buy a coin like this" for that kind of money. It just is what it is, and if you don't want to sell too low don't list them that way.
On many occasions I have had to just suck it up..........and ship a $10-20 coin at a cost of $1.58 + ebay and paypal fee's....for .99cents.......
It's the chance you take when listing........REAL.......auctions. I think in the long run it all comes out in the wash...but it does suck when it happens, the only thing in my opinion that would make it worse is to lose 1 or more customers by pulling the auction instead of just taking the hit...........
edited for spelling........and I need the attention..
If you don't like the auction prices, just do what I do, put them on for what you want for them with a BIN price with offers accepted and it only costs you 35 cents to list it for 30 days. If it doesn't sell you are only out 35 cents and still have your coin.
I alway protect my investment and very rarely do an auction format. If I do, I alway start it at a price I can accept. 99% of the time I have a "Buy Now", take it or leave it.
I have never done that. One time I got sellers remorse a couple days before and ended an auction early, but as far as I'm concerned, ebay does not take ownership of the coin nor does it go into public ownership when I post an auction. It is mine and it belongs to me until the high bidder pays me. At the time he makes his paypal payment then the ownership officially changes hands.
<< <i>I will not bid on a reserve auction and know I am not alone on this. >>
Right now, greed and lowballing sellers is working. You'll change your attitude when the market flips and sellers are back in control. And boy, will we make you pay....
A lot of people seem to be mistaking ebay for a real auction. It isn't. In a real auction the auctioneer keeps bidding open for an item until he feels he has the highest bid. On ebay a bunch of people try to wait until the final nanosecond hoping their's will be the last bid that the computer takes and they can buy a coin for a fraction of it's actual value.
I don't often sell coins, but I don't have a problem with sellers protecting themselves this way.
I don't mind bidding ona reserve auction. The seller has a right to get a minimum out of a coin. Not to mention the BIN disappears with a $1 bid if there's no reserve. At least if you have a $500 BIN coin and you have a $400 reserve your BIN will stay despite getting absurd bids like $73. I have never set offers, but I have heard of many ridiculous offers. If I see a BIN coin I like with an opportunity to offer I usually offer 85-90% of the BIN and my offer gets accepted almost every time.
90% of my ebay activity is buying, but buyers have to drop this moronic mentality that ebay is there strictly for their benefit. It's like sponges standing at the welfare office and b*tching that they only got $450 for September food stamps instead of $500.
I'm not mad at buyers, but more at ebay. I have all but quit selling on ebay. People who only buy have no idea how bad seller fees are and then ebay doubles you up by hitting you with paypal fees. If ebay is going to force sellers to accept paypal then paypal should be a free service or the buyer should have to pay a final fee like on heritage or teletrade.
<< <i>I will not bid on a reserve auction and know I am not alone on this. >>
Right now, greed and lowballing sellers is working. You'll change your attitude when the market flips and sellers are back in control. And boy, will we make you pay.... >>
Shill bidding is another way that some sellers try to get their asking price. It is against ebay rules but is allowed and even encouraged in many other auction venues.
The bottom line is that a sale is fully successful only if both the buyer and the seller agree on a price. If you have a strong auction with plenty of bidders then the sale should be at the market price which makes both parties happy. The problem occurs when there is no advertising, bidding is thin, ebay is focused only on maximizing their fees, and there is no way to alert potential bidders. Ebay is very disorganized for sellers and you have to guess on when it is ok to use an open auction and when it isn't.
This has resulted in large rips for some buyers in the past. Sellers are trying to be more careful and this disappoints buyers looking for more huge rips.
<< <i>I've noticed a couple eBay sellers recently who canceled their coin auctions shortly before they were scheduled to end. The coins were subsequently relisted shortly thereafter.
I presume these people didn't like the interim price and decided not to gamble on snipers bidding the coin higher. I don't think eBay should allow this. >>
I saw the very same thing with a roll of '09 5¢ Denver
I agree with those who say this is not right. If you want a minimum, set a reserve or starting price.
I have six auctions going this week, for coins valued from $40 - $3,000, each with no reserve, free shipping and starting at 99 cents. Sure, someone can get a rip. But this is the way to drive interest and bidding, and attract repeat buyers.
If you have nice coins people want, they will sell at fair prices. Lance.
<< <i>I've noticed a couple eBay sellers recently who canceled their coin auctions shortly before they were scheduled to end. The coins were subsequently relisted shortly thereafter.
I presume these people didn't like the interim price and decided not to gamble on snipers bidding the coin higher. I don't think eBay should allow this. >>
I saw the very same thing with a roll of '09 5¢ Denver >>
I watched this also, however two of the rolls did sell. Strange they were 25 coin rolls, for nickels.
<< <i>I agree with those who say this is not right. If you want a minimum, set a reserve or starting price.
I have six auctions going this week, for coins valued from $40 - $3,000, each with no reserve, free shipping and starting at 99 cents. Sure, someone can get a rip. But this is the way to drive interest and bidding, and attract repeat buyers.
If you have nice coins people want, they will sell at fair prices. Lance. >>
Oh come on dude. You haven't sold all summer, except a few PCGS Lincolns. Things have changed since May.
Personally I think it's rediculous. If you are not willing to accept less than a certain price than list it as a buy it now, or start the coin at the price you are willing to accept. Decent coins bring decent prices as long as you have quality photographs and accurate descriptions.
Even if you had the coin at a B/M store, you surely arn't going to get 100+ people to look at the coin over a week's time, and you arn't going to get full retail for your coin unless you have some sucker walk in your store.
It's funny how people complain about how many idiot bidder there are on ebay, and how they cant seem fathom how obvious AT and cleaned crap gets bid up so high, yet their "nice original" coins never bring what they are worth.
I've sold a fair amount on Ebay, and some coins don't bring what I would like, and some bring more than I expected. I don't chalk this up to a bunch of idiot bidders, but more to what the market will bare for that particular coin at that particular day on that particular venue.
Need a Barber Half with ANACS photo certificate. If you have one for sale please PM me. Current Ebay auctions
The sad part of this is, that bidders now rely on the snipe which tends to lessen late competetion as one would see in a live auction. Dandy for the individual bidder, but sellers are becoming reluctant to offer nice coins on open auction.
SOCIALIZED MEDICINE: The wealthiest class treats the lowest class and sends the bill to the middle class.
I see sellers doing this....I think it's wrong an unethical and I don't do it myself and have taken huge loses due to not setting a reserve and just letting it ride. As others have stated some folks won't bid on auctions with reserves so all of the auctions I have listed with reserves over the past several months have gone unsold even when the reserves are half of what I paid for the coins. The coins and comics I have let ride have generally sold for half of what the perceived value should have been. Was I happy....no. Did I end the auction becuase I wasn't happy...no just like I would not end the auction early if my full perchase price had been met.
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too?
<< <i>I see sellers doing this....I think it's wrong an unethical and I don't do it myself and have taken huge loses due to not setting a reserve and just letting it ride. As others have stated some folks won't bid on auctions with reserves so all of the auctions I have listed with reserves over the past several months have gone unsold even when the reserves are half of what I paid for the coins. The coins and comics I have let ride have generally sold for half of what the perceived value should have been. Was I happy....no. Did I end the auction becuase I wasn't happy...no just like I would not end the auction early if my full perchase price had been met.
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too? >>
So what is a serious seller to do? Your experience is take the loss. That won't keep a seller in business. Your experience shows reserves don't work.
BTW, I don't think it is against ebay rules. --Jerry
I know people like to say that low opening/no reserve auctions will result in a coin reaching its appropriate price level, but I respectfully disagree. There are lots of different kinds of coins for sale on eBay, and the same technique does not work for all of them. Things like 09-S VDB Lincolns or the latest US mint craze are practically made for low opening bid auctions, as there will likely be more than enough bidders to generate interest and result in a decent final bid.
If you try the same thing with 19th century world coins though, you are just as likely to get your a$$ handed to you, because eBay won't supply the same number of motivated bidders for your auction. Sure- you might get 20% of catalog from somebody who's willing to pay that much "just because", but the fact of the matter is... there *are* buyers who will pay more- unfortunately, there aren't a lot of them, and they just aren't looking on eBay this week.
I think the best you can do is to NOT run 99c/no reserve auctions unless you're confident that the bidding will reach an acceptable level- instead, you're better off opening the auction at the lowest price you're willing to take. Yes, the people looking for rips will be unhappy, but tough cookies- are you in business to make money or make people happy by selling coins at half (or more) off?
for those who feel victimized by ebay auctions, make time to attend a REAL auction. in an actual auction setting, the buyer cannot hope to get a good rip but be able to return the item if he doesnt. an auction by nature is an AS IS sale, where the item being auctioned is the property of the owner until the hammer falls. so if the owner decides to pull the item off the block at the last second, he can do this because the item is owned by the owner not the bidder. in an actual auction there are no returns, no approval sales, no negative feedback, you get what you bid on and you pay what you bid, unless of course there are buyers fees in which case the BUYER pays an extra 5%-20% or more. so when you want to whine about how ebay isnt an actual auction, you may do well to appreciate the ways that ebay isnt like an actual auction. comparing ebay to a real auction is like comparing the ugly girl next door to your hot cousin, they both have pros and cons
<< <i>I see sellers doing this....I think it's wrong an unethical and I don't do it myself and have taken huge loses due to not setting a reserve and just letting it ride. As others have stated some folks won't bid on auctions with reserves so all of the auctions I have listed with reserves over the past several months have gone unsold even when the reserves are half of what I paid for the coins. The coins and comics I have let ride have generally sold for half of what the perceived value should have been. Was I happy....no. Did I end the auction becuase I wasn't happy...no just like I would not end the auction early if my full perchase price had been met.
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too? >>
So what is a serious seller to do? Your experience is take the loss. That won't keep a seller in business. Your experience shows reserves don't work.
BTW, I don't think it is against ebay rules. --Jerry >>
If you don't want to play by the rules then sell somewhere else. The only reason why an auction should end is due to an error in listing or if the coin sold in another venue. Saying the item is no longer for sale just to relist if 5 minutes later is againt the rules. I agree with you that as a seller you are in a pickle....use a reserve and get no bids or don't use a reserve and possible sell and Item for pennies on the dollar but......basically sellers know this going in so they have a choice to sell elsewhere if they don't want to play by the rules. Heck I even sold a graded Dan Marino rookie card for $4.00 becuase I mispelled his name. Yes I was upset but I was to blame and not the bidder so I shipped the card as I should have.
What is a buyers incentive on Ebay to bid on any auction if sellers can just end them whenever they feel like? Want to talk about going under....if more folks did that on Ebay then the site would simply be forced to shut down.
Like I mentioned in my other post....it's all about morals and values and scruples if you will.......if you have them then you know right from wrong. If you don't then you will do whatever it takes to make a buck including ending auctions and then restarting them. I don't live in a glass house but I sleep well at night knowing that there is no funny business with my auctions and bidders are going to get what's advertised at whatever the going rate is based on who wants to bid. I have one ebay account.....no shills
When you end a listing early or make other last-minute changes, buyers may feel disappointed. However, sometimes there is a valid reason why you need to end a listing early.
Reason:
The item is lost, broken, or otherwise no longer available for sale.
You made a mistake when entering the listing, starting price, or reserve amount. Consider changing the listing or adding to the item’s description, rather than ending it. Learn more the requirements and steps for changing a listing.
Requirements Your ability to end a listing early depends on the amount of time remaining in the listing and whether the listing has received any bids.
If there are 12 hours or more before the end of the listing, you can end the listing early without restrictions. If there are any bids on your item when you end the listing, you’ll be asked whether you want to cancel the bids or sell the item to the high bidder.
If there are 12 hours or less before the end of the listing, your ability to end the listing early depends on whether there are any bids on the item and whether the item has a reserve price.
Can the listing be ended early?----------------------------------------------------- Number of bids on the item
Yes ---------------------------------------------------------------------------------- ---------------- No bids
Yes, but you must sell the item to the high bidder. ------------------------------------ One or more bids
No ------------------------------------------------------------------------------ One or more bids, but the item’s reserve price wasn’t met
How to end a listing To end a listing early:
Type your item number into the End My Listing Early form. The item number is shown on your listing, confirmation email, and My eBay page.
If there are bids on your item, choose how you want to end your listing. Otherwise, skip this step.
If there are 12 hours or more before the end of the listing, choose whether “Cancel bids and end listing early” or “Sell item to high bidder.”
If there are 12 hours or less before the end of the listing, your only option is to “Sell item to high bidder.”
Select the reason you're ending your listing early.
Your listing will end and will no longer be active on eBay. Bidders who didn’t win the listing receive an email that their bid was canceled and that the listing ended early.
If you can’t end the listing If you don’t meet the requirements for ending the listing early, your best recourse is to communicate with the bidders.
Before the listing ends: Contact the bidders, explain the situation, and encourage them to retract their bids. Alternatively, you can cancel their bids.
If the listing ends and there is a winning bidder: Contact the bidder and explain the situation. If you and the bidder agree to not complete the sale, you can file an unpaid item dispute and indicate that “We have agreed not to complete the transaction.” The bidder will be notified and can confirm the agreement.
The fine print Your account will still be charged listing fees (such as the insertion fee) if you end your listing early. Consider revising your listing first if there are aspects of it you want to change or improve.
Sellers are not permitted to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be reserve fee circumvention. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
eBay Motors allows sellers to end their listing early and cancel all bids by sending a Transaction Confirmation Request to the buyer.
Sellers are not permitted to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be reserve fee circumvention. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
What about ending early because there afraid it will sell to cheap ?
<< <i>I see sellers doing this....I think it's wrong an unethical and I don't do it myself and have taken huge loses due to not setting a reserve and just letting it ride. As others have stated some folks won't bid on auctions with reserves so all of the auctions I have listed with reserves over the past several months have gone unsold even when the reserves are half of what I paid for the coins. The coins and comics I have let ride have generally sold for half of what the perceived value should have been. Was I happy....no. Did I end the auction becuase I wasn't happy...no just like I would not end the auction early if my full perchase price had been met.
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too? >>
So what is a serious seller to do? Your experience is take the loss. That won't keep a seller in business. Your experience shows reserves don't work.
BTW, I don't think it is against ebay rules. --Jerry >>
If you don't want to play by the rules then sell somewhere else. The only reason why an auction should end is due to an error in listing or if the coin sold in another venue. Saying the item is no longer for sale just to relist if 5 minutes later is againt the rules. I agree with you that as a seller you are in a pickle....use a reserve and get no bids or don't use a reserve and possible sell and Item for pennies on the dollar but......basically sellers know this going in so they have a choice to sell elsewhere if they don't want to play by the rules. Heck I even sold a graded Dan Marino rookie card for $4.00 becuase I mispelled his name. Yes I was upset but I was to blame and not the bidder so I shipped the card as I should have.
What is a buyers incentive on Ebay to bid on any auction if sellers can just end them whenever they feel like? Want to talk about going under....if more folks did that on Ebay then the site would simply be forced to shut down.
Like I mentioned in my other post....it's all about morals and values and scruples if you will.......if you have them then you know right from wrong. If you don't then you will do whatever it takes to make a buck including ending auctions and then restarting them. I don't live in a glass house but I sleep well at night knowing that there is no funny business with my auctions and bidders are going to get what's advertised at whatever the going rate is based on who wants to bid. I have one ebay account.....no shills
When you end a listing early or make other last-minute changes, buyers may feel disappointed. However, sometimes there is a valid reason why you need to end a listing early.
Reason:
The item is lost, broken, or otherwise no longer available for sale.
You made a mistake when entering the listing, starting price, or reserve amount. Consider changing the listing or adding to the item’s description, rather than ending it. Learn more the requirements and steps for changing a listing.
Requirements Your ability to end a listing early depends on the amount of time remaining in the listing and whether the listing has received any bids.
If there are 12 hours or more before the end of the listing, you can end the listing early without restrictions. If there are any bids on your item when you end the listing, you’ll be asked whether you want to cancel the bids or sell the item to the high bidder.
If there are 12 hours or less before the end of the listing, your ability to end the listing early depends on whether there are any bids on the item and whether the item has a reserve price.
Can the listing be ended early?----------------------------------------------------- Number of bids on the item
Yes ---------------------------------------------------------------------------------- ---------------- No bids
Yes, but you must sell the item to the high bidder. ------------------------------------ One or more bids
No ------------------------------------------------------------------------------ One or more bids, but the item’s reserve price wasn’t met
How to end a listing To end a listing early:
Type your item number into the End My Listing Early form. The item number is shown on your listing, confirmation email, and My eBay page.
If there are bids on your item, choose how you want to end your listing. Otherwise, skip this step.
If there are 12 hours or more before the end of the listing, choose whether “Cancel bids and end listing early” or “Sell item to high bidder.”
If there are 12 hours or less before the end of the listing, your only option is to “Sell item to high bidder.”
Select the reason you're ending your listing early.
Your listing will end and will no longer be active on eBay. Bidders who didn’t win the listing receive an email that their bid was canceled and that the listing ended early.
If you can’t end the listing If you don’t meet the requirements for ending the listing early, your best recourse is to communicate with the bidders.
Before the listing ends: Contact the bidders, explain the situation, and encourage them to retract their bids. Alternatively, you can cancel their bids.
If the listing ends and there is a winning bidder: Contact the bidder and explain the situation. If you and the bidder agree to not complete the sale, you can file an unpaid item dispute and indicate that “We have agreed not to complete the transaction.” The bidder will be notified and can confirm the agreement.
The fine print Your account will still be charged listing fees (such as the insertion fee) if you end your listing early. Consider revising your listing first if there are aspects of it you want to change or improve.
Sellers are not permitted to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be reserve fee circumvention. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
eBay Motors allows sellers to end their listing early and cancel all bids by sending a Transaction Confirmation Request to the buyer. >>
Krypto,
You're pretty f'n holier-than-thou high handed with your response. Had a tough week? Not gettin' any lately? Like I posted before, I don't end auctions early if I don't like the price but I pointed out why sellers have problems on ebay. It's not as easy as buyers think it is and sellers aren't there just to try to make some buyer's day by giving him something for half what it is worth. There is no ethical issue here. It is a rules issue. I hadn't read the rules because they don't apply to me. You seemed to want to make a personal attack on me. Read the tread if you want to get personal. --Jerry
I understand the desire to wait till the last few seconds to bid. A great solution would be the system that DLRC uses which extends the auction a couple of minutes when a late bid is placed. Odd how often I will place a last bid when this occurs just not to get beat on a coin.
SOCIALIZED MEDICINE: The wealthiest class treats the lowest class and sends the bill to the middle class.
<< <i>Sellers are not permitted to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be reserve fee circumvention. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
What about ending early because there afraid it will sell to cheap ? >>
This makes perfect sense to me now. As usual, it's all about ebay's fees. Ebay cares nothing about the buyers (like most posters in this thread do). All they care about is fees. So if you're ending items early when they don't go high enough, you are cheating ebay out of reserve fees (in their mind) and thus this is against the rules. And ebay mass psychologists have once again trained a willing and able police force to report these criminals...
Repeating, I'll say for those that don't read the entire thread, that I do NOT end auctions early if the price is too low. --Jerry
a serious bidder doesnt need even a second of extension past the end time, the end time is the end time, for everyone, and thats it. if you need another bidder to help you decide what to bid on a coin, you shouldnt be bidding in the first place. make your bid count, then you dont have to whine about not getting the item, you can whine because you spent too much, then you can whine because the coin wasnt what you thought it was or worth more than you bid or whatever, whine whine whine
I'll say for those that don't read the entire thread, that If i sold on ebay i would end the auction for any reason i damn well felt like it. even if i didnt like the high bidder and i just plain didnt want him to get the coin no matter what he was willing to pay
<< <i>a serious bidder doesnt need even a second of extension past the end time, the end time is the end time, for everyone, and thats it. if you need another bidder to help you decide what to bid on a coin, you shouldnt be bidding in the first place. make your bid count, then you dont have to whine about not getting the item, you can whine because you spent too much, then you can whine because the coin wasnt what you thought it was or worth more than you bid or whatever, whine whine whine
I'll say for those that don't read the entire thread, that If i sold on ebay i would end the auction for any reason i damn well felt like it. even if i didnt like the high bidder and i just plain didnt want him to get the coin no matter what he was willing to pay >>
In theory, you are correct, in reality, you are wrong about late bidding. We are very competetive as humans and when a bidder's $800 bid gets outbid at $810 he will often rebid if given time. I buy/sell coins as a profession and on occassion let the emotion of the moment get the better of me. Have never cried though, about a lost auction. Extended bidding would certainly help the sellers.
SOCIALIZED MEDICINE: The wealthiest class treats the lowest class and sends the bill to the middle class.
<< <i>I see sellers doing this....I think it's wrong an unethical and I don't do it myself and have taken huge loses due to not setting a reserve and just letting it ride. As others have stated some folks won't bid on auctions with reserves so all of the auctions I have listed with reserves over the past several months have gone unsold even when the reserves are half of what I paid for the coins. The coins and comics I have let ride have generally sold for half of what the perceived value should have been. Was I happy....no. Did I end the auction becuase I wasn't happy...no just like I would not end the auction early if my full perchase price had been met.
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too? >>
So what is a serious seller to do? Your experience is take the loss. That won't keep a seller in business. Your experience shows reserves don't work.
BTW, I don't think it is against ebay rules. --Jerry >>
If you don't want to play by the rules then sell somewhere else. The only reason why an auction should end is due to an error in listing or if the coin sold in another venue. Saying the item is no longer for sale just to relist if 5 minutes later is againt the rules. I agree with you that as a seller you are in a pickle....use a reserve and get no bids or don't use a reserve and possible sell and Item for pennies on the dollar but......basically sellers know this going in so they have a choice to sell elsewhere if they don't want to play by the rules. Heck I even sold a graded Dan Marino rookie card for $4.00 becuase I mispelled his name. Yes I was upset but I was to blame and not the bidder so I shipped the card as I should have.
What is a buyers incentive on Ebay to bid on any auction if sellers can just end them whenever they feel like? Want to talk about going under....if more folks did that on Ebay then the site would simply be forced to shut down.
Like I mentioned in my other post....it's all about morals and values and scruples if you will.......if you have them then you know right from wrong. If you don't then you will do whatever it takes to make a buck including ending auctions and then restarting them. I don't live in a glass house but I sleep well at night knowing that there is no funny business with my auctions and bidders are going to get what's advertised at whatever the going rate is based on who wants to bid. I have one ebay account.....no shills
When you end a listing early or make other last-minute changes, buyers may feel disappointed. However, sometimes there is a valid reason why you need to end a listing early.
Reason:
The item is lost, broken, or otherwise no longer available for sale.
You made a mistake when entering the listing, starting price, or reserve amount. Consider changing the listing or adding to the item’s description, rather than ending it. Learn more the requirements and steps for changing a listing.
Requirements Your ability to end a listing early depends on the amount of time remaining in the listing and whether the listing has received any bids.
If there are 12 hours or more before the end of the listing, you can end the listing early without restrictions. If there are any bids on your item when you end the listing, you’ll be asked whether you want to cancel the bids or sell the item to the high bidder.
If there are 12 hours or less before the end of the listing, your ability to end the listing early depends on whether there are any bids on the item and whether the item has a reserve price.
Can the listing be ended early?----------------------------------------------------- Number of bids on the item
Yes ---------------------------------------------------------------------------------- ---------------- No bids
Yes, but you must sell the item to the high bidder. ------------------------------------ One or more bids
No ------------------------------------------------------------------------------ One or more bids, but the item’s reserve price wasn’t met
How to end a listing To end a listing early:
Type your item number into the End My Listing Early form. The item number is shown on your listing, confirmation email, and My eBay page.
If there are bids on your item, choose how you want to end your listing. Otherwise, skip this step.
If there are 12 hours or more before the end of the listing, choose whether “Cancel bids and end listing early” or “Sell item to high bidder.”
If there are 12 hours or less before the end of the listing, your only option is to “Sell item to high bidder.”
Select the reason you're ending your listing early.
Your listing will end and will no longer be active on eBay. Bidders who didn’t win the listing receive an email that their bid was canceled and that the listing ended early.
If you can’t end the listing If you don’t meet the requirements for ending the listing early, your best recourse is to communicate with the bidders.
Before the listing ends: Contact the bidders, explain the situation, and encourage them to retract their bids. Alternatively, you can cancel their bids.
If the listing ends and there is a winning bidder: Contact the bidder and explain the situation. If you and the bidder agree to not complete the sale, you can file an unpaid item dispute and indicate that “We have agreed not to complete the transaction.” The bidder will be notified and can confirm the agreement.
The fine print Your account will still be charged listing fees (such as the insertion fee) if you end your listing early. Consider revising your listing first if there are aspects of it you want to change or improve.
Sellers are not permitted to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be reserve fee circumvention. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
eBay Motors allows sellers to end their listing early and cancel all bids by sending a Transaction Confirmation Request to the buyer. >>
Krypto,
You're pretty f'n holier-than-thou high handed with your response. Had a tough week? Not gettin' any lately? Like I posted before, I don't end auctions early if I don't like the price but I pointed out why sellers have problems on ebay. It's not as easy as buyers think it is and sellers aren't there just to try to make some buyer's day by giving him something for half what it is worth. There is no ethical issue here. It is a rules issue. I hadn't read the rules because they don't apply to me. You seemed to want to make a personal attack on me. Read the tread if you want to get personal. --Jerry >>
A personal attack...wtf are you talking about....you were the one who just asked if I was getting any lately? My note was for the benefit of all of the posters here who felt like it was ok to do and not against the rules......you clearly overvalue yourself if you think my response was directed at your simple statement that it wasn't against the rules. Please re-read this thread and see that plenty of others agreed with you that the practice of canceling bids and ending auctions early was ok or as you put it not against the rules.......frankly I disagree and so does ebay. Yes this is something I am passionate about becuase I don't like some of Ebay's rules anymore than others but since I am listing on their site I play by the rules and take my lumps sometimes if I don't use a reserve so when others don't play by the rules then it can be frustrating.
Now please point out where I called you names, personally attacked you or even
Shane, Your response to my post sounded like a lecture to me telling me to play by the rules or move on. Tone is hard to read in e-mails and mine are certainly misinterpreted as much as anybody's. Maybe you were talking to the entire audience here but you did reply to my post and the pronoun you chose was "you".
Anyway, I'm playing a little devils advocate here since I understand the principle involved and as usual, I believe that the "truth" lays somewhere in the gray--it hardly ever lands on black or white. I'm not trying to defend my actions or the actions of other sellers other than pointing out a little bit of the reasoning behind why they do it. --Jerry
I've had that happen a couple times lately on coins I wanted. Sellers that do this should be forced to see the coin just like the contract says for both parties or their selling on Ebay should be revolked or a 6 month time-out should happen. Really the real price of a coin happens the last 60 seconds if you've been on Ebay anytime at all. If I want something real bad I always wait until the last 30 seconds since if you bid on it early there will be people testing your bid and driving the price up.
<< <i>Shane, Your response to my post sounded like a lecture to me telling me to play by the rules or move on. Tone is hard to read in e-mails and mine are certainly misinterpreted as much as anybody's. Maybe you were talking to the entire audience here but you did reply to my post and the pronoun you chose was "you".
Anyway, I'm playing a little devils advocate here since I understand the principle involved and as usual, I believe that the "truth" lays somewhere in the gray--it hardly ever lands on black or white. I'm not trying to defend my actions or the actions of other sellers other than pointing out a little bit of the reasoning behind why they do it. --Jerry >>
I understand....just letting you know it wasn't directed specifically at you as I did not see anywhere in the thread where you stated you cancelled auctions early.....so I did respond to your question with the posted rules on Ebay but the rest was meant to ebe absorbed by those that think the process is ok. They are certainbly entitled to their opinion....I was jsut stating mine as a person who has been a high bidder on an item that was cancelled out from under me.
<< <i>Anyone who emails me to complain about an ended auction gets an automatic upgrade to the blocked bidder status. >>
After you pull this stunt a few times, what makes you think they will even want to come back?
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
made error and had listings end on holidays or super bowl day so I canceled auction
OMG, I can relate to that. I have over 2 dzn listings ending on Sunday. I didn't realize it was a Holiday weekend until the day after listing them. I've been beating myself up every day for such a stupid mistake. I had very seriiously considered ending them, but decided not to. I just know I'll be kicking myself come Sunday. These were all 99¢ Auction, no reserve, free shipping. I'm so screwed.
<< <i>Anyone who emails me to complain about an ended auction gets an automatic upgrade to the blocked bidder status. >>
After you pull this stunt a few times, what makes you think they will even want to come back? >>
The whole point of blocking them is so they don't come back.
I block lots of people for lots of reasons. Sometimes it just because of a question they ask. I'm too old to spend time messing with fools.
My favorite is when an item is listed as "100% new original in box" and they ask if it is really new?? With coins it is when coin listed is a MS68-69 and they ask if it is 100% perfect and flawless.
Comments
<< <i>
<< <i>
<< <i>have a number of no reserve auctions running at the moment. The bidding is PATHETIC. Yup, I want to cancel and I would if I could afford it. But
I'm going to let them run and get slammed again. Thanks buyers. >>
Jeez...I hope you're being sarcastic. How exactly is it the buyers fault for you getting "slammed?" >>
Are you kidding? Most coins are Buy-it-now/Best Offer. You should see some "offers" I get from fully knowledgeable buyers. 50%? 30%? Everybody
is looking for a rip. It's disgusting. Eventually you have to sell and take a hit. >>
It's like the buyers are circling like sharks in the water and waiting for a seller to list incorrectly and get something for nothing.
IMHO
Gardnerville, NV
=========================
Our Website -->Innovation, Native & Presidential Dollar Errors, Lincoln Cents and more
Check it out --> Our eBay Auctions
<< <i>August is the worst month to list on ebay wait until after Labor Day. >>
I'm surprised anyone lists anything for auction now, most people are on vacation or doing outside things.
<< <i>Just lost my butt last night on 11 Top Pop RB Lincoln Cents. Lost money on all of them. That's the way the cookie crumbles some times. >>
Sorry about that Lee. I got busy and didn't get my bids in on a couple of them. I was at dinner when my blackberry told me I'd missed out.
It's the chance you take when listing........REAL.......auctions. I think in the long run it all comes out in the wash...but it does suck when it happens, the only thing in my opinion that would make it worse is to lose 1 or more customers by pulling the auction instead of just taking the hit...........
edited for spelling........and I need the attention..
If you don't like the auction prices, just do what I do, put them on for what you want for them with a BIN price with offers accepted and it only costs you 35 cents to list it for 30 days. If it doesn't sell you are only out 35 cents and still have your coin.
<< <i>In my opinion, it would help if ebays version of a "real" auction ended when you ran out of bidders and not when your out of time. >>
I don't think it matters all that much. I'd bet that, for 99.9% of all auctions, there are not two bidders online and watching when the auction ends.
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
I will not bid on a reserve auction and know I am not alone on this.
<< <i>I will not bid on a reserve auction and know I am not alone on this. >>
Right now, greed and lowballing sellers is working. You'll change your attitude when the market flips and sellers are back in control. And boy, will we
make you pay....
Free Trial
I don't often sell coins, but I don't have a problem with sellers protecting themselves this way.
World Collection
British Collection
German States Collection
90% of my ebay activity is buying, but buyers have to drop this moronic mentality that ebay is there strictly for their benefit. It's like sponges standing at the welfare office and b*tching that they only got $450 for September food stamps instead of $500.
I'm not mad at buyers, but more at ebay. I have all but quit selling on ebay. People who only buy have no idea how bad seller fees are and then ebay doubles you up by hitting you with paypal fees. If ebay is going to force sellers to accept paypal then paypal should be a free service or the buyer should have to pay a final fee like on heritage or teletrade.
Positive BST Transactions (buyers and sellers): wondercoin, blu62vette, BAJJERFAN, privatecoin, blu62vette, AlanLastufka, privatecoin
#1 1951 Bowman Los Angeles Rams Team Set
#2 1980 Topps Los Angeles Rams Team Set
#8 (and climbing) 1972 Topps Los Angeles Rams Team Set
<< <i>
<< <i>I will not bid on a reserve auction and know I am not alone on this. >>
Right now, greed and lowballing sellers is working. You'll change your attitude when the market flips and sellers are back in control. And boy, will we
make you pay.... >>
I will worry about that when it happens.
The bottom line is that a sale is fully successful only if both the buyer and the seller agree on a price. If you have a strong auction with plenty of bidders then the sale should be at the market price which makes both parties happy. The problem occurs when there is no advertising, bidding is thin, ebay is focused only on maximizing their fees, and there is no way to alert potential bidders. Ebay is very disorganized for sellers and you have to guess on when it is ok to use an open auction and when it isn't.
This has resulted in large rips for some buyers in the past. Sellers are trying to be more careful and this disappoints buyers looking for more huge rips.
--Jerry
<< <i>I've noticed a couple eBay sellers recently who canceled their coin auctions shortly before they were scheduled to end. The coins were subsequently relisted shortly thereafter.
I presume these people didn't like the interim price and decided not to gamble on snipers bidding the coin higher. I don't think eBay should allow this. >>
I saw the very same thing with a roll of '09 5¢ Denver
I have six auctions going this week, for coins valued from $40 - $3,000, each with no reserve, free shipping and starting at 99 cents. Sure, someone can get a rip. But this is the way to drive interest and bidding, and attract repeat buyers.
If you have nice coins people want, they will sell at fair prices.
Lance.
<< <i>
<< <i>I've noticed a couple eBay sellers recently who canceled their coin auctions shortly before they were scheduled to end. The coins were subsequently relisted shortly thereafter.
I presume these people didn't like the interim price and decided not to gamble on snipers bidding the coin higher. I don't think eBay should allow this. >>
I saw the very same thing with a roll of '09 5¢ Denver >>
I watched this also, however two of the rolls did sell. Strange they were 25 coin rolls, for nickels.
<< <i>I agree with those who say this is not right. If you want a minimum, set a reserve or starting price.
I have six auctions going this week, for coins valued from $40 - $3,000, each with no reserve, free shipping and starting at 99 cents. Sure, someone can get a rip. But this is the way to drive interest and bidding, and attract repeat buyers.
If you have nice coins people want, they will sell at fair prices.
Lance. >>
Oh come on dude. You haven't sold all summer, except a few PCGS Lincolns. Things have changed since May.
Free Trial
Even if you had the coin at a B/M store, you surely arn't going to get 100+ people to look at the coin over a week's time, and you arn't going to get full retail for your coin unless you have some sucker walk in your store.
It's funny how people complain about how many idiot bidder there are on ebay, and how they cant seem fathom how obvious AT and cleaned crap gets bid up so high, yet their "nice original" coins never bring what they are worth.
I've sold a fair amount on Ebay, and some coins don't bring what I would like, and some bring more than I expected. I don't chalk this up to a bunch of idiot bidders, but more to what the market will bare for that particular coin at that particular day on that particular venue.
and buyers do not have to buy on E.Bay.What appears to be happening, is that
the buyer is usually paying top dollar, the seller is being screwed and E-Bay is
taking the money to the bank. When both the buyer and the seller decide, not
to play the game any more, then the ground rules will be changed.
Camelot
Please understand, that went the way of hard work, saving for retirement and supporting your family.
Get with it, please.
attractive for me to frequent, then I move my not inconsiderable
business to other venues. I know that one fuzzy bear can not
change the world, but I continue to try.
Camelot
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too?
<< <i>I see sellers doing this....I think it's wrong an unethical and I don't do it myself and have taken huge loses due to not setting a reserve and just letting it ride. As others have stated some folks won't bid on auctions with reserves so all of the auctions I have listed with reserves over the past several months have gone unsold even when the reserves are half of what I paid for the coins. The coins and comics I have let ride have generally sold for half of what the perceived value should have been. Was I happy....no. Did I end the auction becuase I wasn't happy...no just like I would not end the auction early if my full perchase price had been met.
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too? >>
So what is a serious seller to do? Your experience is take the loss. That won't keep a seller in business. Your experience shows reserves don't work.
BTW, I don't think it is against ebay rules. --Jerry
<< <i>So what is a serious seller to do? >>
I know people like to say that low opening/no reserve auctions will result in a coin reaching its appropriate price level, but I respectfully disagree. There are lots of different kinds of coins for sale on eBay, and the same technique does not work for all of them. Things like 09-S VDB Lincolns or the latest US mint craze are practically made for low opening bid auctions, as there will likely be more than enough bidders to generate interest and result in a decent final bid.
If you try the same thing with 19th century world coins though, you are just as likely to get your a$$ handed to you, because eBay won't supply the same number of motivated bidders for your auction. Sure- you might get 20% of catalog from somebody who's willing to pay that much "just because", but the fact of the matter is... there *are* buyers who will pay more- unfortunately, there aren't a lot of them, and they just aren't looking on eBay this week.
I think the best you can do is to NOT run 99c/no reserve auctions unless you're confident that the bidding will reach an acceptable level- instead, you're better off opening the auction at the lowest price you're willing to take. Yes, the people looking for rips will be unhappy, but tough cookies- are you in business to make money or make people happy by selling coins at half (or more) off?
<< <i>
<< <i>I see sellers doing this....I think it's wrong an unethical and I don't do it myself and have taken huge loses due to not setting a reserve and just letting it ride. As others have stated some folks won't bid on auctions with reserves so all of the auctions I have listed with reserves over the past several months have gone unsold even when the reserves are half of what I paid for the coins. The coins and comics I have let ride have generally sold for half of what the perceived value should have been. Was I happy....no. Did I end the auction becuase I wasn't happy...no just like I would not end the auction early if my full perchase price had been met.
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too? >>
So what is a serious seller to do? Your experience is take the loss. That won't keep a seller in business. Your experience shows reserves don't work.
BTW, I don't think it is against ebay rules. --Jerry >>
If you don't want to play by the rules then sell somewhere else. The only reason why an auction should end is due to an error in listing or if the coin sold in another venue. Saying the item is no longer for sale just to relist if 5 minutes later is againt the rules. I agree with you that as a seller you are in a pickle....use a reserve and get no bids or don't use a reserve and possible sell and Item for pennies on the dollar but......basically sellers know this going in so they have a choice to sell elsewhere if they don't want to play by the rules. Heck I even sold a graded Dan Marino rookie card for $4.00 becuase I mispelled his name. Yes I was upset but I was to blame and not the bidder so I shipped the card as I should have.
What is a buyers incentive on Ebay to bid on any auction if sellers can just end them whenever they feel like? Want to talk about going under....if more folks did that on Ebay then the site would simply be forced to shut down.
Like I mentioned in my other post....it's all about morals and values and scruples if you will.......if you have them then you know right from wrong. If you don't then you will do whatever it takes to make a buck including ending auctions and then restarting them. I don't live in a glass house but I sleep well at night knowing that there is no funny business with my auctions and bidders are going to get what's advertised at whatever the going rate is based on who wants to bid. I have one ebay account.....no shills
Ebay Policy
Ending listings early policy
Reasons for ending a listing early:
When you end a listing early or make other last-minute changes, buyers may feel disappointed. However, sometimes there is a valid reason why you need to end a listing early.
Reason:
The item is lost, broken, or otherwise no longer available for sale.
You made a mistake when entering the listing, starting price, or reserve amount.
Consider changing the listing or adding to the item’s description, rather than ending it. Learn more the requirements and steps for changing a listing.
Requirements
Your ability to end a listing early depends on the amount of time remaining in the listing and whether the listing has received any bids.
If there are 12 hours or more before the end of the listing, you can end the listing early without restrictions. If there are any bids on your item when you end the listing, you’ll be asked whether you want to cancel the bids or sell the item to the high bidder.
If there are 12 hours or less before the end of the listing, your ability to end the listing early depends on whether there are any bids on the item and whether the item has a reserve price.
Can the listing be ended early?----------------------------------------------------- Number of bids on the item
Yes ---------------------------------------------------------------------------------- ---------------- No bids
Yes, but you must sell the item to the high bidder. ------------------------------------ One or more bids
No ------------------------------------------------------------------------------ One or more bids, but the item’s reserve price wasn’t met
How to end a listing
To end a listing early:
Type your item number into the End My Listing Early form. The item number is shown on your listing, confirmation email, and My eBay page.
If there are bids on your item, choose how you want to end your listing. Otherwise, skip this step.
If there are 12 hours or more before the end of the listing, choose whether “Cancel bids and end listing early” or “Sell item to high bidder.”
If there are 12 hours or less before the end of the listing, your only option is to “Sell item to high bidder.”
Select the reason you're ending your listing early.
Your listing will end and will no longer be active on eBay. Bidders who didn’t win the listing receive an email that their bid was canceled and that the listing ended early.
If you can’t end the listing
If you don’t meet the requirements for ending the listing early, your best recourse is to communicate with the bidders.
Before the listing ends: Contact the bidders, explain the situation, and encourage them to retract their bids. Alternatively, you can cancel their bids.
If the listing ends and there is a winning bidder: Contact the bidder and explain the situation. If you and the bidder agree to not complete the sale, you can file an unpaid item dispute and indicate that “We have agreed not to complete the transaction.” The bidder will be notified and can confirm the agreement.
The fine print
Your account will still be charged listing fees (such as the insertion fee) if you end your listing early. Consider revising your listing first if there are aspects of it you want to change or improve.
Sellers are not permitted to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be reserve fee circumvention. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
eBay Motors allows sellers to end their listing early and cancel all bids by sending a Transaction Confirmation Request to the buyer.
What about ending early because there afraid it will sell to cheap ?
Practice makes perfect & nobody is perfect. So, practice being nobody and be perfect !
<< <i>
<< <i>
<< <i>I see sellers doing this....I think it's wrong an unethical and I don't do it myself and have taken huge loses due to not setting a reserve and just letting it ride. As others have stated some folks won't bid on auctions with reserves so all of the auctions I have listed with reserves over the past several months have gone unsold even when the reserves are half of what I paid for the coins. The coins and comics I have let ride have generally sold for half of what the perceived value should have been. Was I happy....no. Did I end the auction becuase I wasn't happy...no just like I would not end the auction early if my full perchase price had been met.
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too? >>
So what is a serious seller to do? Your experience is take the loss. That won't keep a seller in business. Your experience shows reserves don't work.
BTW, I don't think it is against ebay rules. --Jerry >>
If you don't want to play by the rules then sell somewhere else. The only reason why an auction should end is due to an error in listing or if the coin sold in another venue. Saying the item is no longer for sale just to relist if 5 minutes later is againt the rules. I agree with you that as a seller you are in a pickle....use a reserve and get no bids or don't use a reserve and possible sell and Item for pennies on the dollar but......basically sellers know this going in so they have a choice to sell elsewhere if they don't want to play by the rules. Heck I even sold a graded Dan Marino rookie card for $4.00 becuase I mispelled his name. Yes I was upset but I was to blame and not the bidder so I shipped the card as I should have.
What is a buyers incentive on Ebay to bid on any auction if sellers can just end them whenever they feel like? Want to talk about going under....if more folks did that on Ebay then the site would simply be forced to shut down.
Like I mentioned in my other post....it's all about morals and values and scruples if you will.......if you have them then you know right from wrong. If you don't then you will do whatever it takes to make a buck including ending auctions and then restarting them. I don't live in a glass house but I sleep well at night knowing that there is no funny business with my auctions and bidders are going to get what's advertised at whatever the going rate is based on who wants to bid. I have one ebay account.....no shills
Ebay Policy
Ending listings early policy
Reasons for ending a listing early:
When you end a listing early or make other last-minute changes, buyers may feel disappointed. However, sometimes there is a valid reason why you need to end a listing early.
Reason:
The item is lost, broken, or otherwise no longer available for sale.
You made a mistake when entering the listing, starting price, or reserve amount.
Consider changing the listing or adding to the item’s description, rather than ending it. Learn more the requirements and steps for changing a listing.
Requirements
Your ability to end a listing early depends on the amount of time remaining in the listing and whether the listing has received any bids.
If there are 12 hours or more before the end of the listing, you can end the listing early without restrictions. If there are any bids on your item when you end the listing, you’ll be asked whether you want to cancel the bids or sell the item to the high bidder.
If there are 12 hours or less before the end of the listing, your ability to end the listing early depends on whether there are any bids on the item and whether the item has a reserve price.
Can the listing be ended early?----------------------------------------------------- Number of bids on the item
Yes ---------------------------------------------------------------------------------- ---------------- No bids
Yes, but you must sell the item to the high bidder. ------------------------------------ One or more bids
No ------------------------------------------------------------------------------ One or more bids, but the item’s reserve price wasn’t met
How to end a listing
To end a listing early:
Type your item number into the End My Listing Early form. The item number is shown on your listing, confirmation email, and My eBay page.
If there are bids on your item, choose how you want to end your listing. Otherwise, skip this step.
If there are 12 hours or more before the end of the listing, choose whether “Cancel bids and end listing early” or “Sell item to high bidder.”
If there are 12 hours or less before the end of the listing, your only option is to “Sell item to high bidder.”
Select the reason you're ending your listing early.
Your listing will end and will no longer be active on eBay. Bidders who didn’t win the listing receive an email that their bid was canceled and that the listing ended early.
If you can’t end the listing
If you don’t meet the requirements for ending the listing early, your best recourse is to communicate with the bidders.
Before the listing ends: Contact the bidders, explain the situation, and encourage them to retract their bids. Alternatively, you can cancel their bids.
If the listing ends and there is a winning bidder: Contact the bidder and explain the situation. If you and the bidder agree to not complete the sale, you can file an unpaid item dispute and indicate that “We have agreed not to complete the transaction.” The bidder will be notified and can confirm the agreement.
The fine print
Your account will still be charged listing fees (such as the insertion fee) if you end your listing early. Consider revising your listing first if there are aspects of it you want to change or improve.
Sellers are not permitted to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be reserve fee circumvention. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
eBay Motors allows sellers to end their listing early and cancel all bids by sending a Transaction Confirmation Request to the buyer. >>
Krypto,
You're pretty f'n holier-than-thou high handed with your response. Had a tough week? Not gettin' any lately? Like I posted before, I don't end auctions early if I don't like the price but I pointed out why sellers have problems on ebay. It's not as easy as buyers think it is and sellers aren't there just to try to make some buyer's day by giving him something for half what it is worth. There is no ethical issue here. It is a rules issue. I hadn't read the rules because they don't apply to me. You seemed to want to make a personal attack on me. Read the tread if you want to get personal. --Jerry
<< <i>if they don't bid in the first 12 hours, they won't bid in the last 12 hours. >>
On the contrary - I seldom bid on a coin I intend to win until the last 5 seconds of the auction
<< <i>Sellers are not permitted to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be reserve fee circumvention. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
What about ending early because there afraid it will sell to cheap ? >>
This makes perfect sense to me now. As usual, it's all about ebay's fees. Ebay cares nothing about the buyers (like most posters in this thread do). All they care about is fees. So if you're ending items early when they don't go high enough, you are cheating ebay out of reserve fees (in their mind) and thus this is against the rules. And ebay mass psychologists have once again trained a willing and able police force to report these criminals...
Repeating, I'll say for those that don't read the entire thread, that I do NOT end auctions early if the price is too low. --Jerry
I'll say for those that don't read the entire thread, that If i sold on ebay i would end the auction for any reason i damn well felt like it. even if i didnt like the high bidder and i just plain didnt want him to get the coin no matter what he was willing to pay
<< <i>a serious bidder doesnt need even a second of extension past the end time, the end time is the end time, for everyone, and thats it. if you need another bidder to help you decide what to bid on a coin, you shouldnt be bidding in the first place. make your bid count, then you dont have to whine about not getting the item, you can whine because you spent too much, then you can whine because the coin wasnt what you thought it was or worth more than you bid or whatever, whine whine whine
I'll say for those that don't read the entire thread, that If i sold on ebay i would end the auction for any reason i damn well felt like it. even if i didnt like the high bidder and i just plain didnt want him to get the coin no matter what he was willing to pay >>
In theory, you are correct, in reality, you are wrong about late bidding. We are very competetive as humans and when a bidder's $800 bid gets outbid at $810 he will often rebid if given time. I buy/sell coins as a profession and on occassion let the emotion of the moment get the better of me. Have never cried though, about a lost auction. Extended bidding would certainly help the sellers.
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<< <i>I see sellers doing this....I think it's wrong an unethical and I don't do it myself and have taken huge loses due to not setting a reserve and just letting it ride. As others have stated some folks won't bid on auctions with reserves so all of the auctions I have listed with reserves over the past several months have gone unsold even when the reserves are half of what I paid for the coins. The coins and comics I have let ride have generally sold for half of what the perceived value should have been. Was I happy....no. Did I end the auction becuase I wasn't happy...no just like I would not end the auction early if my full perchase price had been met.
If I find a seller doing this I would never bid on his items in a million years.....total BS regardless of what many of you have said. It's againt ebay rules to end an auction becuase it didn't sell for enough.......and that fact that so many folks use the excuse that becuase ebay is rasing fees and screwing folks over it makes it ok to not follow established rules....that's just plain pathetic. You can't put a price on morals and values...or at least you didn't use to be able too? >>
So what is a serious seller to do? Your experience is take the loss. That won't keep a seller in business. Your experience shows reserves don't work.
BTW, I don't think it is against ebay rules. --Jerry >>
If you don't want to play by the rules then sell somewhere else. The only reason why an auction should end is due to an error in listing or if the coin sold in another venue. Saying the item is no longer for sale just to relist if 5 minutes later is againt the rules. I agree with you that as a seller you are in a pickle....use a reserve and get no bids or don't use a reserve and possible sell and Item for pennies on the dollar but......basically sellers know this going in so they have a choice to sell elsewhere if they don't want to play by the rules. Heck I even sold a graded Dan Marino rookie card for $4.00 becuase I mispelled his name. Yes I was upset but I was to blame and not the bidder so I shipped the card as I should have.
What is a buyers incentive on Ebay to bid on any auction if sellers can just end them whenever they feel like? Want to talk about going under....if more folks did that on Ebay then the site would simply be forced to shut down.
Like I mentioned in my other post....it's all about morals and values and scruples if you will.......if you have them then you know right from wrong. If you don't then you will do whatever it takes to make a buck including ending auctions and then restarting them. I don't live in a glass house but I sleep well at night knowing that there is no funny business with my auctions and bidders are going to get what's advertised at whatever the going rate is based on who wants to bid. I have one ebay account.....no shills
Ebay Policy
Ending listings early policy
Reasons for ending a listing early:
When you end a listing early or make other last-minute changes, buyers may feel disappointed. However, sometimes there is a valid reason why you need to end a listing early.
Reason:
The item is lost, broken, or otherwise no longer available for sale.
You made a mistake when entering the listing, starting price, or reserve amount.
Consider changing the listing or adding to the item’s description, rather than ending it. Learn more the requirements and steps for changing a listing.
Requirements
Your ability to end a listing early depends on the amount of time remaining in the listing and whether the listing has received any bids.
If there are 12 hours or more before the end of the listing, you can end the listing early without restrictions. If there are any bids on your item when you end the listing, you’ll be asked whether you want to cancel the bids or sell the item to the high bidder.
If there are 12 hours or less before the end of the listing, your ability to end the listing early depends on whether there are any bids on the item and whether the item has a reserve price.
Can the listing be ended early?----------------------------------------------------- Number of bids on the item
Yes ---------------------------------------------------------------------------------- ---------------- No bids
Yes, but you must sell the item to the high bidder. ------------------------------------ One or more bids
No ------------------------------------------------------------------------------ One or more bids, but the item’s reserve price wasn’t met
How to end a listing
To end a listing early:
Type your item number into the End My Listing Early form. The item number is shown on your listing, confirmation email, and My eBay page.
If there are bids on your item, choose how you want to end your listing. Otherwise, skip this step.
If there are 12 hours or more before the end of the listing, choose whether “Cancel bids and end listing early” or “Sell item to high bidder.”
If there are 12 hours or less before the end of the listing, your only option is to “Sell item to high bidder.”
Select the reason you're ending your listing early.
Your listing will end and will no longer be active on eBay. Bidders who didn’t win the listing receive an email that their bid was canceled and that the listing ended early.
If you can’t end the listing
If you don’t meet the requirements for ending the listing early, your best recourse is to communicate with the bidders.
Before the listing ends: Contact the bidders, explain the situation, and encourage them to retract their bids. Alternatively, you can cancel their bids.
If the listing ends and there is a winning bidder: Contact the bidder and explain the situation. If you and the bidder agree to not complete the sale, you can file an unpaid item dispute and indicate that “We have agreed not to complete the transaction.” The bidder will be notified and can confirm the agreement.
The fine print
Your account will still be charged listing fees (such as the insertion fee) if you end your listing early. Consider revising your listing first if there are aspects of it you want to change or improve.
Sellers are not permitted to cancel bids and end listings early in order to avoid selling an item that did not meet the desired sale price. This is considered to be reserve fee circumvention. Although there are legitimate reasons for ending a listing early, abuse of this option will be investigated.
eBay Motors allows sellers to end their listing early and cancel all bids by sending a Transaction Confirmation Request to the buyer. >>
Krypto,
You're pretty f'n holier-than-thou high handed with your response. Had a tough week? Not gettin' any lately? Like I posted before, I don't end auctions early if I don't like the price but I pointed out why sellers have problems on ebay. It's not as easy as buyers think it is and sellers aren't there just to try to make some buyer's day by giving him something for half what it is worth. There is no ethical issue here. It is a rules issue. I hadn't read the rules because they don't apply to me. You seemed to want to make a personal attack on me. Read the tread if you want to get personal. --Jerry >>
A personal attack...wtf are you talking about....you were the one who just asked if I was getting any lately? My note was for the benefit of all of the posters here who felt like it was ok to do and not against the rules......you clearly overvalue yourself if you think my response was directed at your simple statement that it wasn't against the rules. Please re-read this thread and see that plenty of others agreed with you that the practice of canceling bids and ending auctions early was ok or as you put it not against the rules.......frankly I disagree and so does ebay. Yes this is something I am passionate about becuase I don't like some of Ebay's rules anymore than others but since I am listing on their site I play by the rules and take my lumps sometimes if I don't use a reserve so when others don't play by the rules then it can be frustrating.
Now please point out where I called you names, personally attacked you or even
Your response to my post sounded like a lecture to me telling me to play by the rules or move on. Tone is hard to read in e-mails and mine are certainly misinterpreted as much as anybody's. Maybe you were talking to the entire audience here but you did reply to my post and the pronoun you chose was "you".
Anyway, I'm playing a little devils advocate here since I understand the principle involved and as usual, I believe that the "truth" lays somewhere in the gray--it hardly ever lands on black or white. I'm not trying to defend my actions or the actions of other sellers other than pointing out a little bit of the reasoning behind why they do it. --Jerry
<< <i>Shane,
Your response to my post sounded like a lecture to me telling me to play by the rules or move on. Tone is hard to read in e-mails and mine are certainly misinterpreted as much as anybody's. Maybe you were talking to the entire audience here but you did reply to my post and the pronoun you chose was "you".
Anyway, I'm playing a little devils advocate here since I understand the principle involved and as usual, I believe that the "truth" lays somewhere in the gray--it hardly ever lands on black or white. I'm not trying to defend my actions or the actions of other sellers other than pointing out a little bit of the reasoning behind why they do it. --Jerry >>
I understand....just letting you know it wasn't directed specifically at you as I did not see anywhere in the thread where you stated you cancelled auctions early.....so I did respond to your question with the posted rules on Ebay but the rest was meant to ebe absorbed by those that think the process is ok. They are certainbly entitled to their opinion....I was jsut stating mine as a person who has been a high bidder on an item that was cancelled out from under me.
You can end an auction for any reason you want.
It goes under section of ..............'There was an error in the listing'.
I made error and had listings end on holidays or super bowl day so I canceled auction.
I've made an error in selection of catagories so I cancelled it. etc., etc..................
Anyone who emails me to complain about an ended auction gets an automatic upgrade to the blocked bidder status.
<< <i>Anyone who emails me to complain about an ended auction gets an automatic upgrade to the blocked bidder status. >>
After you pull this stunt a few times, what makes you think they will even want to come back?
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
OMG, I can relate to that. I have over 2 dzn listings ending on Sunday. I didn't realize it was a Holiday weekend until the day after listing them. I've been beating myself up every day for such a stupid mistake. I had very seriiously considered ending them, but decided not to. I just know I'll be kicking myself come Sunday. These were all 99¢ Auction, no reserve, free shipping. I'm so screwed.
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<< <i>Anyone who emails me to complain about an ended auction gets an automatic upgrade to the blocked bidder status. >>
After you pull this stunt a few times, what makes you think they will even want to come back? >>
The whole point of blocking them is so they don't come back.
I block lots of people for lots of reasons.
Sometimes it just because of a question they ask.
I'm too old to spend time messing with fools.
My favorite is when an item is listed as "100% new original in box" and they ask if it is really new??
With coins it is when coin listed is a MS68-69 and they ask if it is 100% perfect and flawless.