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 Replies: 25 / Views: 16,103 |
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Pillar of the Community
Canada
4944 Posts |
Quote:
Auctions ending around 9PM Sunday night seemed to do the best. I should keep that in mind. |
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Pillar of the Community
United States
3540 Posts |
.....or...forego all the hastle and sell on here. Simple, easy, and this crowd will let you know what the item is actually worth.
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Rest in Peace
United States
9104 Posts |
 , tdlee22! Quote:
you may want to list a reserve price to cover you, once this reserve price is met, then the item will sell. The drawback is, that some people will not bid on a reserve auction, but if you have a good coin, then they will and it should sell. Reserves are one of ebay's biggest rackets. A $1 start with a $500 reserve pays the same listing fee as starting at $500. If it doesn't reach the reserve, you're out the listing fee AND the reserve fee. Most likely it won't reach the reserve, because most bidders will back out of a reserve auction so fast your monitor will spin. This is exactly why ebay doesn't show reserve auctions in search results. As it is now, sellers can kid themselves by looking at hits. If auctions with reserves were noted, people wouldn't even click on them, and the truth would be obvious, blowing ebay's scam. Gotta get $500? Make it your minimum. Any bids under a $500 reserve are a waste of everyone's time, since you're not willing to sell for less anyway. |
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Rest in Peace
United States
9104 Posts |
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Pillar of the Community
Canada
1502 Posts |
Careful with auctions. ebay charges a higher percentage final value fee for auctions versus buy it now. The auction bidders tend to be a different crowd than those that use buy it now too. I find that I now prefer to sell using the buy it now + make offer option. Ask high and work out a price with interested buyers. More time consuming but gives you a chance to interact with the buyers before a sale is made, so the sale tends to be favorable for both parties and the transaction also tends to end without issue more often. I've had far more missing shipments, non-paying buyers, and erroneous claims that item is not as described with auctions then I do with buy it now + make offer +1 on bigfred's comment about reserve price. I also feel it makes no sense as all and it definitely puts me off bidding. Another advice is to be prepared for the fees. >10% on ebay + 2-4% on paypal + shipping can be substantial. Also shell out for registered shipping whenever possible. I've been burned so many times on claims of non delivery that I'm starting to question the decency/class/morals of many a ebay buyer.... sigh~ Edited by poboxw
03/29/2012 02:48 am
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Moderator
 United States
16679 Posts |
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I started a coin a while ago at $35 (Which is around the value of the coin, it was probably worth $40-$45) but the auction ended with no bidders. So I re-listed the coin again at $30, the coin ended once again without any bidders.
When I decided to start the coin at $0.99, it got a lot more attention, and ended up selling for $50! $15 More then I was originally trying to get for it.
I've done this a few times with very good results on coins below $50 FMV. Right now, I have a couple coins on ebay with values well over $300. I would not even think about it for these coins. Did that once, lost serious $$. swcoin.ecrater.com
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Valued Member
 United States
67 Posts |
Interesting calendar. I wonder why Thursdays are a good day to end an auction. |
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Valued Member
United States
67 Posts |
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I find that I now prefer to sell using the buy it now + make offer option. Ask high and work out a price with interested buyers. I find myself tending to ignore these. But your post made good sense to me. I'm going to start looking at these a little more seriously. |
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Valued Member
United States
67 Posts |
I've been on ebay this morning looking at the BUY IT NOW/MAKE OFFER auctions, specifically Ike dollars. One thing I'm noticing is that most of these have more than one coin available in the auction. So, you don't get to see the exact coin you'll be getting. I don't like that. For those of you that buy in these auctions when you make an offer on the coin do you request a picture of exactly the coin you'll be getting? |
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Moderator
United States
16679 Posts |
When I purchase a coin on ebay yes, I want it to be the exact coin pictured, and there has to be a clear return policy in place otherwise, I won't buy. swcoin.ecrater.com
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Pillar of the Community
United States
7840 Posts |
I noticed that too, multiple coins available, may not get the one pictured, no returns...bah-bye!
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Pillar of the Community
Canada
981 Posts |
I don't accept return for the coins I sell I don't want someone switching out coins then returning them for a refund if people don't like it too bad don't buy from me. Most of my coins come directly from mints so I know they are not fakes.
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Rest in Peace
United States
9104 Posts |
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I wonder why Thursdays are a good day to end an auction. Always been true. Unofficial start of the weekend, in some quarters. |
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Pillar of the Community
Canada
576 Posts |
I've just started on ebay and I've made my share of mistakes. I've been listing for the most part with .99 cent starts with a fixed price for shipping that is a little on the low side. Example I will ask for a couple of bucks if I believe my costs will be less then $10.00 A note of warning to newbes like me. I had some collectible silver posted, scrap weight around 7 - 8 ounces, in two separate auctions. In my ads I offer to combine shipping (I'm good with this). One of the items trending all over the place for prices of over $100.00 to as high as $250.00. I felt safe starting at .99 cents.One guy won the 2 auctions, so I combined shipping (fair is fair). Here comes the killer....he is located in Taiwan, he paid less than melt for retail value of around $300.00 to $400.00 and I got nuked on shipping. I am happy for him, but I'm selling my collection to buy my kids a pool. Tough lesson for me. It hurts man, it hurts. All I can hope for is some positive feed back. I am sorry to any international buyers out there but for now my .99 cent auctions will be limited to Canada and the USA. cheers Liverpool |
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Valued Member
Canada
343 Posts |
Thanks for this info. I too am considering selling on ebay and I think the biggest holdback for me is how to calculate shipping. I would like to have the buyer pay shipping if possible but feel it would be best to have an upfront price for that. But how does it work if you are shipping to different locations? |
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Replies: 25 / Views: 16,103 |
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Posted 03/28/2012 8:31 pm
