| Author |
 Replies: 1,304 / Views: 136,651 |
|
|
|
Valued Member
Canada
354 Posts |
For the 3rd time in the spam of a month, Mariner Auctions is having another online " RCM Online Liquidation Auction - Coins, Banknotes + More". https://marinerauctions.hibid.com/c...otes---more/Unlike the last 2 auctions, this time, there are minimum bids set for many items. And many items, no is yet willing to make the minimum bid. Some starting bids, I think are set too high. I as a buyer, don't really like having minimum bids set, how do others feel about that? I guess if I was a seller I would want that. But I think that time, many lots will not be sold. Half an hour before bidding closes, 205/278 lots have no bids made. Edited by rjlavoie
07/15/2018 10:24 am
|
|
CCF Master Historian of USA Commemoratives
 United States
12271 Posts |
Minimum bids are generally put in place to protect the seller - a seller is under no obligation to accept low-end bids and take heavy losses on the items he/she offers.
As such, minimum bids don't bother me - I understand the need for them. Yes, I sometimes think they are set too high, but the coins being auctioned aren't mine and so my opinion matters little to the seller.
Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Valued Member
Canada
92 Posts |
I also prefer setting minimum bids on items. It saves me the time & anticipation. As a bidder/buyer, I want the lowest price possible for the item. When an auction site asks to enter in the maximum amount you want to bid for the item, I don't necessarily trust I will get the lowest price possible when you reveal the highest price you're willing to pay.
I've "won" several items only to find out after the auction ends that I did not because there is a minimum threshold. It's better to reveal it so that I can decide if I can meet the threshold or not.
|
|
Pillar of the Community
Canada
6768 Posts |
The CA listed:
2012 CANADA 1-CENT FAREWELL TO THE PENNY 5OZ. FINE SILVER (NO TAX)
For CAD 487 only. Wow?
|
|
Pillar of the Community
 Canada
1823 Posts |
Not holding my breath for this sale.  |
|
Valued Member
Canada
92 Posts |
I noticed that Canada Post has pulled all the 2017 coins that were 15% off. So unless by some miracle they were all sold, I think they will just put them back in the shop for the August 7th sale.
|
|
Pillar of the Community
Canada
6768 Posts |
"I noticed that Canada Post has pulled all the 2017 coins that were 15% off"
Without "self advertisement", can say that the secondary market offers coins with 40% off. Yes, they not "brand new sealed", but usually collectors try to keep the coins in great condition, and if seller is honest, the imperfections (if any) will be shown.
|
|
Pillar of the Community
Canada
1571 Posts |
I've seen several Canada post locations that have coins from 2017, and even as far back as 2013. I've got some in the past for 50% off issue price. I'd bet the individual locations have recently done inventory counts and as a result, they are having "an amazing one-day sale". Likely, discounts will still be higher than elsewhere.
|
|
Pillar of the Community
710 Posts |
 There is a ton of product at some outlets. |
|
Pillar of the Community
Canada
3690 Posts |
So 5-25% off from Canada Post for old stock  Hurry, the "sale" ends at 10PM ET.  |
|
Pillar of the Community
Canada
1823 Posts |
I can't find anyone having a black Friday or cyber monday sale.
|
|
Pillar of the Community
Canada
6768 Posts |
Quote:
I can't find anyone having a black Friday or cyber Monday sale. This is absolutely sad. If the dealers / sellers by themselves think, that even sale will not attract the buyers. |
|
CCF Master Historian of USA Commemoratives
United States
12271 Posts |
Quote:
I can't find anyone having a black Friday or cyber monday sale. Maybe dealers and Canada Post have changed their buying habits and no longer purchase large quantities of new coins from the RCM. If they don't buy as much they don't need to resort to mega-sales to get rid of excess inventory. Collecting history one coin or medal at a time! (c) commems. All rights reserved.
|
|
Pillar of the Community
Canada
6768 Posts |
|
|
Valued Member
Canada
92 Posts |
Just got an email from the RCM about Black Friday and Cyber Monday. No details, however, about what is being offered.  |
| |
Replies: 1,304 / Views: 136,651 |
First Page
Previous Page
Posted 07/15/2018 12:27 pm
