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 Replies: 19 / Views: 2,986 |
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Moderator
 United States
16679 Posts |
When I posted last, $1.25
Now, $20.50
swcoin.ecrater.com
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Pillar of the Community
United States
3486 Posts |
Oh Nathan! You MUST watch this auction until the end and learn from it. Just for the education. ebay is one of many sources for coins. I joined over a decade ago and my total purchases are --- 35! Give or take. And maybe 5 or so were non-coin purchases. "I'm still not comfortable buying coins off of ebay.. To scared I guess." It took me 5 years after I signed up before I made my first purchase. So, it is not at all rare to be scared. As being scared evolves into cautiousness you might try to wet your feet a bit and start to bid. A small purchase to begin with. Just do what you are comfortable doing. |
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Bedrock of the Community
United States
14454 Posts |
Sometimes you can get more for a coin starting it at .99 with no reserve than you would be able to get starting it out at 20.00. Its just the way the auction thing works but its a gamble but allot of times it works out better for the seller especially when the coin market is hot
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Pillar of the Community
 United States
2448 Posts |
Interesting point Bryan. The psychology of "bidding" has been studied for years and it seems that when one feels he's in on the ground floor (99 cent bid) of a great deal, he'll stick around and fight for the prise. I've noticed that when I used the 99 cent starting point, I get a lot more bidders. It may also mean that there are more in the market at that price than when it's initial offering is $20. After all, we're all out to score a real bargain.  |
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Pillar of the Community
United States
8520 Posts |
As carbuncle says, I too noticed long ago that if you want more, start the bid at 99 cents with free shipping. I was watching an 1877 Indian Head cent just a week or so ago and the guy had the starting bid at 999.99. A beautiful coin but not a soul bid on it as the time expired. He immediately relisted it on a one day sale and started it at .99 cents. It sold at 1,475.00. People love bidding and WINNING. Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
United States
36862 Posts |
People never like being out bid and tend to go higher than they normally would. The .99 start gets the dealer cheaper listing fees and sparks some active interest.
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Pillar of the Community
 United States
1511 Posts |
Thanks a lot everyone. You all make excellent points! I've bought alot off of ebay, just never coins, too worried I'll end up with a fake. Most of the things I buy are buy it now or the bid starts at the reserve.. So I didn't really think it through when I saw such a low starting bid. Great point about making it lower to get more.. That makes a lot of sense opposed to posting a high reserve, I can see how it'd work. I'm not really looking to get them under spot.. Just bargin hunting like all of us,  That coin in the link looks nicer than a spot priced coin to me, I'd be happy to have that at spot! But then again it could be my inexperience eye... I inherited 3 CC GSA Morgan's (1882, 83 & 84) and there what got me started collecting, aka "hooked", But I'm not really looking for MS coins (Morgan's at least... Or at least not yet, I can upgrade later when I hit the lotto  lol) but I personally rather like old coins with some circulated wear, I just can't help but wondering who's held it or what was bought with it... anyways, I'd be very happy to have that 84 in my collection for under $25... I'm curious to see where it goes or if it stays there. |
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Pillar of the Community
United States
8520 Posts |
Haha, half of the forum members probably have it on their watch list now.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
Edited by 52Raymo
08/21/2012 11:25 am
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Pillar of the Community
United States
8520 Posts |
......and no, I wouldn't snipe what a fellow member posts.
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Bedrock of the Community
United States
17884 Posts |
Quote:
but theoretically if you caught everyone else in the world sleeping you could get it under spot, way under? (although it'll never happen) .. Never say never, while it is unusual it DOES happen. |
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Pillar of the Community
United States
8520 Posts |
Nathan, did you get it ?
Oregon coin geek.....*** GO BEAVS ! ! ! ***
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Moderator
United States
23522 Posts |
That wasn't too bad a deal. It's "back to school" week - people are distracted and I'm going to be a pretty active buyer over the next 10 days. And a pretty active seller for the rest of the month.  |
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Pillar of the Community
United States
620 Posts |
Sold for 30 bucks about 7 bucks north of melt value.
Lots of Silver dollars start out at 99 cents on e-bay
I have picked up a few for under melt value.
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Pillar of the Community
United States
1119 Posts |
Over in the main coin forum there was recently a post about a Peace dollar that was going for one bid of $0.99. The seller canceled the auction shortly before it was over To avoid being stuck selling short. Unscrupulous seller there but it goes to show that some auctions do slip through the cracks and good deals can be had. If you find an honest seller. |
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Bedrock of the Community
United States
14454 Posts |
usually ebay will not allow them to cancel it within 24 hours of the end of the auction or at least that is how it used to be, not sure if its still that way or not |
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Replies: 19 / Views: 2,986 |
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First Page
Posted 08/21/2012 01:27 am
