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I'm About To Start Selling Coins On Ebay

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Pillar of the Community
Lobby's Avatar
United States
548 Posts
 Posted 10/29/2011  09:38 am  Show Profile   Bookmark this reply Add Lobby to your friends list Get a Link to this Reply
Thanks for the great advice!


Quote:
1.) Determine whether your coin will sell better as an Open Auction or better as a Buy-It-Now auction. Personally, I created a spreadsheet which automatically determines the better price outcome on any coin I decide to sell.


It's not obvious to me, how to determine this. Might you have an example?

Pillar of the Community
kenscott's Avatar
United States
787 Posts
 Posted 10/31/2011  9:42 pm  Show Profile   Bookmark this reply Add kenscott to your friends list Get a Link to this Reply
It is something you have to research. First, read about the fees for Open Bid auctions and then read about the frees about Buy-It-Now auctions.

The information is available on ebay. You will need to right down the information and then you can determine
the basic formula to use in determining which auction style is best for your situation.

As I said, I have written a spreadsheet to determine it for me. I have different countries, coins types, their silver content, and other information in the spreadsheet. I also have a hot-link to kitcosilver.com to retrieve the current spot and update my information.

Kenscott
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