Make offer with BIN.

relicsncoins · September 1, 2011 5:05AM

So a guy has a coin listed with a BIN of $130 and a make an offer option as well. I offer $118 and it gets rejected and he doesn't even counter. What do you think, should I offer $129.99 and see if it get's accepted.

Is an offer of $118 on $130 BIN insulting?

AUandAG · September 1, 2011 5:06AM

Not insulting but if it just got put up he might be waiting to see if anyone will BIN.

Offers are best received in the last day or hours, it seems to me.

bob

frnklnlvr · September 1, 2011 5:14AM

How quick was it rejected after sending your offer? Sometimes when I get an offer on a coin that I'm considering accepting I'll wait until just before the offer expires in case I get a better offer before the 48 hours are up.

LindeDad · September 1, 2011 5:21AM

He's not putting in much room to play if 90% is rejected.
How is the item priced in comparision to price guides?

relicsncoins · September 1, 2011 5:37AM

<< <i>He's not putting in much room to play if 90% is rejected.
How is the item priced in comparision to price guides?

>>

$130 is pretty much full price.

kryptonitecomics · September 1, 2011 5:45AM

I don't think your offer was insulting but the seller may have paid $130 and is trying to recoup his initial investment. The most likely scenario is he might have the coin listed for weeks with it not selling and then he might consider lowering his price but as it stands....neither you or the seller did anything wrong. You know what you are willing to pay and he knows what he is willing to take and the numbers just don't add up to a deal.

rec78 · September 1, 2011 6:06AM

Yes- how quick was the response? The seller can set an automated reject price that either accepts or rejects the offer right away.(Instantly).
No offer within market range is insulting or has to be accepted.--In fact I am tired of this attitude.-- i.e. that an offer may be insulting to a dealers intelligence, but a moon money asking price is not insulting to a collector- Some dealers ask moon money for widgets.

19Lyds · September 1, 2011 7:21AM

<< <i>So a guy has a coin listed with a BIN of $130 and a make an offer option as well. I offer $118 and it gets rejected and he doesn't even counter. What do you think, should I offer $129.99 and see if it get's accepted.

Is an offer of $118 on $130 BIN insulting? >>

A $130 Buy it Now price would net the seller $115.13 after eBay and PayPal fees so I could understand an automatic reject of $118.

If he's into the coin for $130, he'll lose money selling it for $130 unless the deal is transacted outside of eBay and PayPal.

If he got the coin raw and had it graded, there may be room for negotiation on what the seller is willing to accept but evidently, $118 isn't it.

Make offer with BIN.

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