OVERPRICED BIN'S!!!! Vent, rant, whatever!

bobbyw8469 · January 26, 2010 10:00AM

..I just made an offer on a 1955 Bowman PSA 8 (I just started the set)...VCP average is $50...seller is asking $100 (OBO)....I offered the $50 VCP average sales price....he countered with $95 (a whooping $5 off the BIN price)....I declined and told him he could keep it.......now I am beginning to see what ya'll mean by grossly overpriced BIN's...thank god mine aren't like that!

bobbyw8469 · January 26, 2010 10:43AM

Thanks....

waxpack · January 26, 2010 10:55AM

What's the sence of a best offer if your only going to knock $5.00 off. This is what I do with best offers, I contact the seller ask him his bottom line. I tell him I won't waste his time with low ball offers... what the best you can do. If I like the price I buy it, if not I pass on it.

jackstraw · January 26, 2010 11:02AM

You offered half his BIN and you are mad .
I couldn't careless what VCP, SMR or Beckett says if I want 100 for my card then I will wait for it
or keep it.

ripkenintheminors · January 26, 2010 11:03AM

One of the good things about Indy going to the Super Bowl is that I expected to see a lot of rare Manning stuff get posted online. Unfortunately most of this has a BIN of 2 or 3 x what it would sell for at auction. It's always disappointing to see nice cards that you would like to have and know there's no realistic shot you'll ever add it to your collection.

corvette1340 · January 26, 2010 11:07AM

<< You offered half his BIN and you are mad .
I couldn't careless what VCP, SMR or Beckett says if I want 100 for my card then I will wait for it
or keep it. >>

lol, this is why I don't even look at BIN's. Ebay shouldn't even have BIN's. If I wanted to go to an online store then I would have gone there. The entire appeal of ebay, to me at least, is that people compete in an auction process. I can look at all the overpriced s#$t I want at one of the other 5 gazillion online stores.

Boopotts · January 26, 2010 11:10AM

<< 

<< You offered half his BIN and you are mad .
I couldn't careless what VCP, SMR or Beckett says if I want 100 for my card then I will wait for it
or keep it. >>

lol, this is why I don't even look at BIN's. Ebay shouldn't even have BIN's. If I wanted to go to an online store then I would have gone there. The entire appeal of ebay, to me at least, is that people compete in an auction process. I can look at all the overpriced s#$t I want at one of the other 5 gazillion online stores. >>

Hit 'auctions only' and you won't have this problem.

WalterSobchak · January 26, 2010 11:12AM

The way I look at this type of situation is: if he wants to pay listing fees for a card, and then set an asking price so high that he's never going to sell it, more power to him.

I don't really understand why people do this either, but it shouldn't be any skin off your nose.

storm888 · January 26, 2010 11:12AM

<< You offered half his BIN and you are mad .
I couldn't careless what VCP, SMR or Beckett says if I want 100 for my card then I will wait for it
or keep it. >>

.......//////////////////////////////

Ditto.

VCP takes snapshots in time. They have no cards to sell. They help buyers
set spending limits, but they do not deter sellers who KNOW that high-BINs
are the lazy-man's key to success on EBAY.

That FACT will NOT change due to EBAY raising fees.

corvette1340 · January 26, 2010 11:16AM

<< 

<< 

<< You offered half his BIN and you are mad .
I couldn't careless what VCP, SMR or Beckett says if I want 100 for my card then I will wait for it
or keep it. >>

lol, this is why I don't even look at BIN's. Ebay shouldn't even have BIN's. If I wanted to go to an online store then I would have gone there. The entire appeal of ebay, to me at least, is that people compete in an auction process. I can look at all the overpriced s#$t I want at one of the other 5 gazillion online stores. >>

Hit 'auctions only' and you won't have this problem. >>

that's what I do and then I get all of the high end stuff that is started at ridiculously high starting bids, lol. I start everything at .99 and I get way more for stuff then I would have priced it for in the first place the majority of the time.

OAKESY25 · January 26, 2010 11:21AM

auctions are a great place to buy on the cheap...

auctions are a great place to get less then what the item can truly bring as a seller.

VCP shows only auctions, if it showed sold store items.. I think you would see prices
a lot higher then they show. People pay for convenience of getting what they want when they want it.. no shills no frills

Blacklabelsociety · January 26, 2010 11:39AM

A couple months ago there was a BIN on ebay for a 1960 Roberto Clemente PSA 9. The BIN price was...$12000 lol

Seems all the ridiculous BIN's on ebay is hurting the hobby.

10001110101 · January 26, 2010 11:42AM

Im in the minority here, but I dont mind them, especially stuff that has sat sometimes for 20-25 days (30 day listing) and the player has surged recently. Sometimes you can find gems that stores havent adjusted for current seasons.

And while morbid, same can be said for celeb items when they unexpectantly pass away, you can snatch up some and flip quickly (assuming seller honors sale).

shagrotn77 · January 26, 2010 11:42AM

There's an epidemic of rude/overpriced/ignorant sellers on eBay and it's only getting worse. Things were so much better even 2-3 years ago. I hate dealing with eBay sellers, and most dealers in general, now.

WalterSobchak · January 26, 2010 12:00PM

<< A couple months ago there was a BIN on ebay for a 1960 Roberto Clemente PSA 9. The BIN price was...$12000 lol >>

I remember that one. No best offer option, either. 12 grand, take it or leave it. Probably just wanted to show off to the world that he owned the card.

My favorite for a while has been a PSA 9 (OC) 1973 Yaz that is as close to MC on the front as you can possibly get without being MC.
Someone, someday- if all the planets aligned right for the seller- might be willing to pay 10 bucks for it. Not that we'll ever know for sure, because the BIN is......

......wait for it.......

$149.95+ shipping!!

I don't know exactly how long this has been the asking price, but I can say with confidence that it's been at least a year. Hasn't come down one cent.
Shockingly, the card is still available.

bking · January 26, 2010 12:13PM

<< 

<< A couple months ago there was a BIN on ebay for a 1960 Roberto Clemente PSA 9. The BIN price was...$12000 lol >>

I remember that one. No best offer option, either. 12 grand, take it or leave it. Probably just wanted to show off to the world that he owned the card.

My favorite for a while has been a PSA 9 (OC) 1973 Yaz that is as close to MC on the front as you can possibly get without being MC.
Someone, someday- if all the planets aligned right for the seller- might be willing to pay 10 bucks for it. Not that we'll ever know for sure, because the BIN is......

......wait for it.......

$149.95+ shipping!!

I don't know exactly how long this has been the asking price, but I can say with confidence that it's been at least a year. Hasn't come down one cent.
Shockingly, the card is still available. >>

You'll never convince me that these sort of listings are designed to catch the "oops" bidder, or the ignorant ones.

MULLINS5 · January 26, 2010 12:27PM

<< What's the sence of a best offer if your only going to knock $5.00 off. This is what I do with best offers, I contact the seller ask him his bottom line. I tell him I won't waste his time with low ball offers... what the best you can do. If I like the price I buy it, if not I pass on it. >>

As a seller, if a buyer sends me a message like this I respect it and try to work something out for them...too many low ballers wasting my time.

I do like OBO's...feels like the old card shows/shops...collectibles should be negotiated.

There was a guy who had/has (I don't know and don't care to check if he still has it) a partial PSA set of cards. There was only one card there that I wanted and I offered him $500 for it (pop 1 card, nothing big, my offer was VERY generous) he replied saying he would only sell his partial set all at once and told me to make an an offer on all of them (other cards were trash, the card I wanted was the spotlight card and he obviously wanted to move everything at once)...I honestly didn't know what to offer, and I told him this, and offered him I believe something like 9-1200...he replied saying I "insulted him" and that grading fees were way more than that. Point is I didn't even want the set, I didn't know what to offer, he wouldn't tell me what he wanted for everything, and then HE said I insulted him with a low--ball...flippin'loser.

Patrick

bobbyw8469 · January 26, 2010 12:28PM

I price my cards based on VCP....say whatever you want. I can also see someone selling something for the high end of a range. But it is when the highest price EVER for a card has been $55....and a seller is asking $100.....the card MIGHT sell, to some uninformed buyer...but I hardly doubt it.......why even list it?

MULLINS5 · January 26, 2010 12:31PM

Also, some sellers put a card that they may not want to sell, but if someone will pay a high price for it, they will let it go.

Currently I have a 1978 OPC Bossy HL PSA 9 for 299.99 (no obo) ...I feel this is a fair price for this card and if someone wants it they will pay...if not then I'm more than glad to keep it.

DrLou · January 26, 2010 12:40PM

I can understand best offers on things like an expensive vintage set, a mixed group of cards, perhaps even an expensive raw mantle, etc. but for graded cards where the price is pretty well known/established, why not auction it off if you need the $ now or set the price you want for it. the best offer for a single graded card is silly to me

Adenhart34 · January 26, 2010 12:46PM

What I find irritating is someone had a printing plate at a BIN or Best Offer for $19.99. I started to use my three chances for the Best Offer, but the seller was automatically rejecting them. My last offer was for $17.50 and he sent me an e-mail calling me an a-hole for wasting his time. The e-mail started out with, "You do know I can see the amounts you bid, right?"
I had to explain to him that his "Red Whale 1/1 rare printing plate" of the minor leaguer who spent 6 years in AA wasn't that special and we got into a little argument. Bottom line is he didn't sell it. I was going to have my friends send him a bunch of low ball offers to piss him off, but after the auction ended he never re-listed it.

Rick

jerster · January 26, 2010 12:49PM

Ebay is riddled with sellers with poor business models. You find the same thing at shows. I can walk by numerous dealers tables at the local show and practically recite their inventory from memory - I doubt they ever sell anything since I see the same stuff show after show. To me, that's stupid, but whatever. Now, if they are there to buy, then fine. But you'd think they would take some satisfaction in knowing they sold a card or two too.

My watch list is clogged with numerous items that I'd be interested in if the price ever dropped. Some of them have auto renewed for over a year now without any price change. Obviously they are oblivious to the carrying cost for this sh!t that hangs around year after year, listing after listing. Not to mention the opportunity cost of not having funds available when you need them because all your capital is tied up in inventory.

Blacklabelsociety · January 26, 2010 12:56PM

Whats really odd to me is you already have 10 other vintage graded cards listed as BIN's, then someone else lists the same card for $500 higher than the other 10. LOL Hello, if no one is buying the other 10 listed that are cheaper, then why do you think your higher priced one is going to sell??

Adenhart34 · January 26, 2010 12:56PM

^^^^^ 100% agreed with the stuff about the watch list. Same with mine

Rick

waxpack · January 26, 2010 1:01PM

I think sometimes sellers on ebay think they're full time dealers which 95% of us are not. Everyone hopes to make some extra money to support there hobby, but most times it doesn't happen. I just joined VCP, I'm starting think it's a better tool for the full time dealer. As a collector VCP avg will not mean squat if I really want the card. If everyone bought cards at avg, it's only a matter of time for the avg to go down.

I have a PSA graded wax pack on ebay that I paid $325.00, my reserve is $250. You have to look at the big picture...I'm in it for the long hall, I figure my stuff will not make money for another 20 years or so.

Just my thoughts.

Stone193 · January 26, 2010 1:02PM

I don't have an answer for your vent/rant - but there's plenty of ebayers who do this for a living - and they're approach to 'best offer' is gonna be way off of someone who's selling their private stuff - some of which may have been pulled from packs.

Guys like Levi aren't gonna budge much - and perhaps that's what you ran up against? Or perhaps someone who really doesn't want to sell the card unless they get their price.

Good luck with your 55B set.

mike

markj111 · January 26, 2010 1:06PM

<< I don't have an answer for your vent/rant - but there's plenty of ebayers who do this for a living - and they're approach to 'best offer' is gonna be way off of someone who's selling their private stuff - some of which may have been pulled from packs.

Guys like Levi aren't gonna budge much - and perhaps that's what you ran up against? Or perhaps someone who really doesn't want to sell the card unless they get their price.

Good luck with your 55B set.

mike >>

Levi is far from the highest priced seller these days.

pdub1819 · January 26, 2010 1:09PM

707?

Salinas · January 26, 2010 1:11PM

My ebay watch list is full too. I would like to add more of these BINs to the list, in hopes that one seller will lower the price on the BIN next time the listing comes up for renewal, or one seller will offer a % off the card. But rarely does that happen. One example: I have been following one card for about 6 months. Seller lists it at $100 with free shipping. I offer $55, or about the price the exact card sold for when the current seller bought it 6 months ago. Automatic rejection. 30 days later, the seller lists it at $99 with $10 S&H. 30 days later the seller bumps it up to $109 with free shipping. 30 days later it is still up for sale at that price. If the seller would just have negotiated with me, the seller could have earned a little money off of it, instead of the card sitting as a BIN for the last 4-5 months and likely for another year or so.

I do not fault the seller who is trying to earn a huge profit on the card. But the market is the market. If the seller is comfortable with holding on to the card at that price and not selling it for the foreseeable future at that price, that is fine. Some on this board have said they take this stance. But if the seller wants to move some inventory and bring in some cash, then the seller needs to gauge the market and lower the BIN or at least respond to reasonable offers (or what I would deem a reasonable offer) with a counteroffer.

But again, in this market, I do not fault the seller for listing at high BINs, to protect his or her investment as opposed to possibly losing money in an auction format. But as many have here written, high BINs do discourage buyers. Several cards on my ebay watchlist are doomed to be followed on my watchlist in perpetuity. As sad as that is, at least I keep more money in my bank account. There is a bright side to everything.

Stone193 · January 26, 2010 1:12PM

<< 707? >>

Yes Levi Bleam.

Cool name - sounds like he used to be in a British invasion coverband or something?

mike

bobbyw8469 · January 26, 2010 1:18PM

I have never bought from Levi...I actually got BMW to budge $25 off a Jim Brown rookie I bought 3 years ago from him!! I was impressed (I also bought a high grade Mantle too though)..........I don't know why I am trying to complete this set.....I actually tried the same thing with the 1933 Sport Kings, and my ADD kicked in, and I sold them all when I acquired just over half the set......we shall see....

divecchia · January 26, 2010 1:33PM

<< 

<< I don't have an answer for your vent/rant - but there's plenty of ebayers who do this for a living - and they're approach to 'best offer' is gonna be way off of someone who's selling their private stuff - some of which may have been pulled from packs.

Guys like Levi aren't gonna budge much - and perhaps that's what you ran up against? Or perhaps someone who really doesn't want to sell the card unless they get their price.

Good luck with your 55B set.

mike >>

Levi is far from the highest priced seller these days. >>

He has actually changed some of is BIN to include a best offer. So even he realizes that things have changed with the economy.

Donato

elsnorto · January 26, 2010 1:54PM

Granted, there are a lot of "aggressive" BINs out there, but there are some HUGE bargains to be had too.

For example Gary's Farmville Strategy Guide for less than an empty 1975 Topps mini wrapper to build a bar top with.

Snorto~

elsnorto · January 26, 2010 2:00PM

<< 

<< 707? >>

Yes Levi Bleam.

Cool name - sounds like he used to be in a British invasion coverband or something?

mike >>

There are two things I can always count on:

#1 Stown fluttering his enchanting eyelashes at Carol when she makes an appearance.
#2 Stone grooving on Levi's name when 707 gets a thread.

I remember being bummed when Stone got bammed and people brought up 707.

Snorto~

bobbyw8469 · January 26, 2010 2:05PM

Have you seen Carol in person?

otwcards · January 26, 2010 2:11PM

<< Have you seen Carol in person? >>

And what difference would that make? Something in that question seems out of line in context to the earlier post...

elsnorto · January 26, 2010 2:20PM

Don't mind OTW, Bobby, he's just font blocking.

Snorto~

bobbyw8469 · January 26, 2010 2:35PM

I was just curious...Im east coast here, so I can't go to any of the PSA functions.......I don't mean to offend anyway....yea...back to the topic....overpriced BIN's bad....sitting on inventory bad......lol...

MULLINS5 · January 26, 2010 2:46PM

<< I doubt they ever sell anything since I see the same stuff show after show. To me, that's stupid, but whatever. Now, if they are there to buy, then fine. But you'd think they would take some satisfaction in knowing they sold a card or two too. >>

then they would have no excuse to go to shows and call themselves dealers!

ElToroLoco · January 26, 2010 3:07PM

eBay is a different beat than shows. Dealers/collectors usually pay a fee to sit at a show for a few days and see a couple dozen interested people. On eBay, one could pay $15.00 and cater to the world. To sell a normal item only costs about 3 cents per listing, so over one year, it's a total cost of .36. You'll probably see people "showing off" their collection. Otherwise, you'll always have the one guy that sells 87 Topps commons for .99.

Edited to add: Oops, I didn't realize the new changes on eBay!

BobbyVCP · January 26, 2010 3:25PM

I see it all the time checking out our AMR where a card consistently in the past sells for $25.00 and some poor schmuck pays through the nose and gives up $200.00 I just wish the poor guy had a VCP membership and he could of paid for his yearly membership right then and there. I understand if there are very few sales and it is a low pop card but most of the time it is not the case and it is a card that sells in that grade a few times a month. Most of these sellers are just casting there line with high prices and just waiting for a sucker to bite the hook.

Ahmanfan · January 26, 2010 3:35PM

I still haven't figured out the ebay store thing. One month I'll sell 20 things. The next month 2 things. I start at .99 and do well with nice looking vintage. Sometimes people get a good deal, so it's not perfect. But via auctions sometimes I get a good deal so it evens out. seems to work for me.
John

storm888 · January 26, 2010 3:40PM

"...Most of these sellers are just casting there line with high prices and just waiting for a sucker to bite the hook. ..."

////////////////////////

One man's sucker is another man's upscale buyer.

But, you're right that having good pricing info saves lots of buyers
lots of money.

...............

I really don't pay to list stuff on EBAY to get "low" or "average" prices.
I want max-retail-dollar, or I bank the merch...... forever, if that's how
long it takes.

When I want to blow stuff out cheap, I really don't need to pay EBAY to
help me do it.

KbKards · January 27, 2010 12:53AM

BobbyVCP. Your job is to report the prices, not have an opinion on them. Having an opinion on what the prices should be in VCP distorts the accuracy of your data. Having an opinion on what the prices should be lead to choosing to ignore thousands of sales each week of SGC and PSA graded cards that occur in Ebay stores. The sales data is ignored because you feel the prices are too high. Dr. Beckett did not raise or lower prices based on his opinion of what the prices should be. Beckett relied on data collected from collectors and dealers, but unlike Beckett you don't have to trust that the data given to you is accurate. You have actual sales data staring right back at you on the screen yet you choose to ignore it. A 3 day auction for a $50 SGC Goudey card that gets missed and sells for $15 goes in your "guide", but somebody paying $50 for the same $50 card in an Ebay store is ignored.

RonBurgundy · January 27, 2010 1:01AM

It's pretty simple, really. If an item appears severely overpriced, ignore it. If it appears slightly overpriced, consider that the seller may be looking to get "market" for the card plus have his Ebay fees covered. I think many sellers do this, kind of like the dealers who will charge you 3% if you use a credit card because they want you to pay their fees.

Of course, if Ebay keeps raising their fees and sellers keep trying to get buyers to cover their fees through BIN's, all items will become severely overpriced.

Trevmo · January 27, 2010 1:04AM

I was looking for a 1981 Donruss Ozzie Smith PSA 10 and the only one on ebay was BIN $100, then he dropped it to $75, $65.... So on and so forth. Finally, after nobody wanted to buy it. He listed it .99 NR. I ended up winning it for about 15 or 20 bucks.

Same thing happened with a Ozzie Smith 1980 or 81 sticker PSA 10. It was justcollect or psasetguy that had it BIN for 100 and finally listed it .99 NR. I ended up getting it for .99.

I guess what i am trying to say is, wait for the items and they will eventually come up for sale. you may have to wait a while but they will come up some day.

OVERPRICED BIN'S!!!! Vent, rant, whatever!

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