eBay selling scenario: Would you take advantage of exuberant bidders?

jonathanb · February 29, 2012 9:25AM

So I'm watching an item that's slated to close in a couple of hours, and two bidders have currently bid it up to 10x of what it's worth. For the sake of argument, let's say that there are lots of auction records at $100, and it's currently bid up to $1,000, and let's assume that I'm right about the actual value.

I have another one that's nicer than the one listed.

I wasn't really planning on selling mine, but I wasn't really thinking that I could get 10x value, either!

Should I list mine with a BIN at like 8x value and see what happens?

Timbuk3 · February 29, 2012 9:28AM

Go for it !!!

BryceM · February 29, 2012 9:29AM

My guess is yours will sell at a normal price, if at all. Weird things happen but they are not necessarily reproducible. More info would allow for a better guess.

The french would say, "Comme tu veux", which basically means, do whatever you want.

SamByrd · February 29, 2012 9:38AM

sell it. its worth what the market says it is.

Broadstruck · February 29, 2012 9:53AM

Since this is a fishing expedition and your trying to hook the underbidder you could list it via BIN at his/her max bid... Only if your really want to part with yours

segoja · February 29, 2012 10:04AM

why not try a second chance with the underbidder and tell them it's a better coin.

Any chance you missed some variety?

DoubleEagle59 · February 29, 2012 10:14AM

Absolutely!

Who's going to pass on getting $1000 for a $100 bill??

AnkurJ · February 29, 2012 11:05AM

<< why not try a second chance with the underbidder and tell them it's a better coin.

Any chance you missed some variety? >>

That's what I would do.

braddick · February 29, 2012 11:25AM

<< why not try a second chance with the underbidder and tell them it's a better coin.

Any chance you missed some variety? >>

How do you access underbidder information when the original auction isn't yours?

TexasNationals · February 29, 2012 11:31AM

I did it a few years ago and sold some VF-XF 1966 Red Seal $100's (note: not 66A's) for almost $1,000 each.

lasvegasteddy · February 29, 2012 11:43AM

could be shill bidding by friends waiting for a real fish to stroll along too...

jonathanb · February 29, 2012 12:34PM

<< Any chance you missed some variety? >>

Possible, but I don't think so. Since I don't know either way, I have to go ahead assuming I didn't.

<< could be shill bidding by friends waiting for a real fish to stroll along too... >>

Actually, that did occur to me. The bidding histories look legit for the two bidders.

So anyway, I've gone ahead and listed mine at about 80% of the final bid. We'll see what happens. Since I truly wasn't planning on selling, I guess I'm not too concerned either way.

Thanks for the sanity check!

jonathan

lasvegasteddy · February 29, 2012 12:37PM

good luck i say then...let us know

coindeuce · February 29, 2012 1:12PM

I was watching that insanity too!

The 2 bidiots just revised the market for Lincolniana with this peeing contest! I love it!

This Lincoln medal auction must be a modern day record for a copper bronzed medal that is, shall we say common?

Broadstruck · February 29, 2012 1:55PM

<< So anyway, I've gone ahead and listed mine at about 80% of the final bid. We'll see what happens. Since I truly wasn't planning on selling, I guess I'm not too concerned either way. >>

If by chance yours doesn't sell I'm seriously interested at 1/8 your listing price!

seanq · February 29, 2012 2:04PM

<< I was watching that insanity too!

The 2 bidiots just revised the market for Lincolniana with this peeing contest! I love it!

This Lincoln medal auction must be a modern day record for a copper bronzed medal that is, shall we say common? >>

That's one of the most unusual bidding histories I've ever seen. If the price is really that crazy and the medal really that common, I'd expect eBay to be inundated with them over the next couple of weeks.

Sean Reynolds

TwoSides2aCoin · February 29, 2012 2:10PM

It's difficult to take advantage of exuberant bidders. Their exuberance is what creates the advantage.

Broadstruck · February 29, 2012 2:11PM

<< That's one of the most unusual bidding histories I've ever seen. If the price is really that crazy and the medal really that common, I'd expect eBay to be inundated with them over the next couple of weeks. >>

Fun to view as sane bidding stopped at $156.56

coindeuce · February 29, 2012 2:11PM

<< 

<< I was watching that insanity too!

The 2 bidiots just revised the market for Lincolniana with this peeing contest! I love it!

This Lincoln medal auction must be a modern day record for a copper bronzed medal that is, shall we say common? >>

That's one of the most unusual bidding histories I've ever seen. If the price is really that crazy and the medal really that common, I'd expect eBay to be inundated with them over the next couple of weeks.

Sean Reynolds >>

Most of the collectors in possession of these are too old to even know how to surf the web. If they are lucky enough to have a nice color plated Americana auction catalog pass in front of them, they might become aware of some value in these, but not of the one I linked.

NumbersUsacom · February 29, 2012 3:49PM

I was not even aware that these were minted in Aluminum.

Lincoln Aluminum NGC64

I sold one of the original Bronze NGC through Heritage a couple of years ago, it hammerd at 850.00.... quite a bit shy of $2,000+

ricko · February 29, 2012 11:40PM

That is what auctionmania will do.... have seen it both on ebay and in real life auctions. Seems testosterone plays a part in it as well. Cheers, RickO

GBurger717 · February 29, 2012 11:47PM

I see the orginal 1886 versions in antique shops in Gettysburg PA often since we have so many collectors of Lincoln items in town. I have seen them priced fromm 100 to 3000. There is also a ton of the restrikes in town that can be had for a buck or two.

astrorat · February 29, 2012 11:51PM

<< why not try a second chance with the underbidder and tell them it's a better coin.

Any chance you missed some variety? >>

I have done this in the past with pretty good success.

eBay selling scenario: Would you take advantage of exuberant bidders?

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