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 Replies: 21 / Views: 2,830 |
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Pillar of the Community
United States
3486 Posts |
Edited by matthewvincent
03/15/2015 3:13 pm
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Valued Member
 United States
228 Posts |
Ooooops, I didn't realize that was unclear. Yes, Great Collections...came highly recommended from forum members.
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Valued Member
Canada
79 Posts |
I don't like minimum bids on items. Coins of value should get an honest price in any decent auction
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Valued Member
United States
228 Posts |
Quote:
I don't like minimum bids on items. So are you suggesting starting the auctions at $1? That has been working well on ebay, but looking at the auction results at GC they didn't seem to do as well. |
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Pillar of the Community
United States
2543 Posts |
Quote:
if the coins are likely to get one bid and sell for my opening numbers, I probably wouldn't be too happy! Selling your coins at auction is always a gamble at best. Unless a coin is so unique that it cannot be found elsewhere, no one participates in an auction expecting to pay retail price for a coin. When I participate in auctions (and I do a lot) if it is a coin I need for my collection, I take the retail price (as determined by me) minus the BP and S&H if it is an online auction. That is the most I will bid. If the BP is 17% that means I am only going to bid 83% of retail. If it is a coin that I like but do not need, I am only bidding if I can get a deal off of retail. Usually 20%-30%. What you hope for is to interest 2-3 people in the coin and get them to start bidding, then it turns into far more than "getting a coin for a deal" it turns into a an auction mentality, where the desire to own the coin become equal to the desire to not let someone else beat you for the coin. It is this kind of bidding which takes the hammer price over the retail price of the coin. You want to protect yourself, the trick is to not "protect yourself" out of any interest in your coins. I don't know enough about your coins to give you any valuable price information, but I can relay my experiences as an auction participant. Just remember, the market determines the true value of any coins. Edited by denco7
03/15/2015 4:32 pm
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Moderator
 United States
23522 Posts |
If it's an honest price it's not an auction.  |
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Valued Member
Canada
79 Posts |
It would stand to reason that if ebay will give you a more honest price, then that is where you should sell. |
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Valued Member
United States
228 Posts |
Quote:It would stand to reason that if ebay will give you a more honest price, then that is where you should sell. Perhaps, but the situation is a bit more complex because these were raw coins that really should have been graded before selling. GC's rates for grading are quite good. Grading them myself and then listing on ebay would have been considerably more costly. |
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Moderator
United States
23522 Posts |
Not to mention most of them are worthy of a more discerning audience. It's still a risk any way you look at it, but GC mitigates the risk better for this stuff than ebay does. |
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Valued Member
United States
228 Posts |
If interested, these coins are now listed at GC (that is, Great Collections and not Gulf Coast ;) ). Since there didn't seem to be any strong objections, I went with the starting prices I listed above. I posted the links to the coins here: https://goccf.com/t/215626 |
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Valued Member
United States
331 Posts |
Denco that was the best description I have ever read.  |
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Pillar of the Community
United States
1002 Posts |
Since GC only has PCGS, NGC & ANACS graded coins they usually generate market prices, and they all hammer on a Sunday night each week. You won't get the fluctuations ebay has from lousy or juiced pics/descriptions. GC is a no-nonsense quality site, with very reasonable seller fees. GC recommends a bid start at 70% of market value to generate the most bids, (they will post that for you if you wish), in fact I don't believe they accept consignment bids starting over 80% of listed value. I am not sure what their Buy-it-now pricing policy is. -See the recommendations at the bottom right of their consignment form: http://www.greatcollections.com/for...aw_coins.pdf-Ron Edited by Night-Hawk
03/19/2015 8:05 pm
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Valued Member
United States
228 Posts |
Quote:
GC recommends a bid start at 70% of market value to generate the most bids,
(they will post that for you if you wish) Yes, this is their recommendation, although I ran into a little issue with this which I detailed in another thread. Their recommendation is 70% of market value, but it seems if they set the starting bids themselves they tend to err on the side of setting bids at plateau numbers that increase listing fees (yes very minimally). Ian accommodated me for these coins by allowing me to set my own minimum bids, which I appreciated. I tried to aim for 70% of value based on past auctions, or I just followed numbers that worked well on GC in the past. I realized that I actually considered 70% of the hammer price and not the final price including buyer's fee, but the numbers I came up with seemed close enough. Edited by Phaedrus29
03/19/2015 8:44 pm
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Valued Member
United States
228 Posts |
These coins finished up at GC...here's how we did including the buyer's fee: 1886 Liberty nickel G04: $137.50 1893 Liberty nickel MS62: $117.45 1904-S Barber dime F15: $108.90 1842 Half Dollar AU50: $249.70 1837 Half Dollar XF Cleaned: $77 1864 Two Cent AU Env Damage: $48 1871 Two Cent AU Cleaned: $116.96 1862 Silver Three Cent AU Cleaned: $79.20 1853 Half Dollar AU Cleaned: $220 Any thoughts welcome. Think we did OK and happy they all sold and are on their way to new homes, but I don't think anything did too stellar. |
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Bedrock of the Community
United States
10982 Posts |
Nothing jumps out as a rip for the buyer either. With so many problem coins in there you did okay I think (I didn't look up each piece). PCGS/CAC certified pieces that I "advertised" on a couple coin forums did very well for me at GC. You can't beat their fees - cheaper than ebay in some cases. |
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Replies: 21 / Views: 2,830 |
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Posted 03/15/2015 3:15 pm
