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Buy It Now Vs Auction On Ebay

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Pillar of the Community
Canada
3167 Posts
 Posted 07/02/2013  9:13 pm  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list
It completely depends on the coin, so I can't vote.

If it is a key date/high grade/popular coin, I always go auction because there can be a chance that it will bring more than you thought.

For common coins, buy it now works fine.
Edited by noahs-numismatics
07/02/2013 9:13 pm
Pillar of the Community
United States
1130 Posts
 Posted 07/02/2013  9:13 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list
I don't know what you sale, and if I sold something that would bid up for sure, I would, but, I am selling truck parts for 1973-1979 ford trucks mainly right now. The market is way down , right now, and I saw one auction where someone tried that and 99 cents was all it sold for. Maybe when the market gets back up I can try this. I have always thought it would be neat to get an almost for sure sale on everything you list. Thanks for your input.
Pillar of the Community
United States
1130 Posts
 Posted 07/02/2013  9:16 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list
By the way, the post above was meant to go to Canadian Banknotes.

Okay, Noah, I will keep this in mind. Thanks.
Pillar of the Community
Canada
3167 Posts
 Posted 07/02/2013  9:18 pm  Show Profile   Bookmark this reply Add noahs-numismatics to your friends list
Yeah, truck parts I would stick with BIN. Most collectables that are popular and somewhat unique should go auction IMO.
Pillar of the Community
United States
1130 Posts
 Posted 07/02/2013  9:24 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list
Yeah, that is kind of what I figured.
Pillar of the Community
United States
1915 Posts
 Posted 07/02/2013  9:28 pm  Show Profile   Bookmark this reply Add seal006 to your friends list

Quote:
I have always thought it would be neat to get an almost for sure sale on everything you list.


That just ain't gonna happen. I have about a 50% sale ratio. Whereas I sell half of the things I list per week on average. After speaking with several other sellers, I found out that is actually pretty good. There are so many factors to consider. You are talking truck parts from 73-79. This means that someone who is looking for that specific part for one of those specific years has to find your listing at the time you put it on ebay. That is like a needle in a haystack. Even when I had my own antiques store, I did not sell something to at least half of the people that walked in the door. If it was automatic none of us would have "real" jobs. We would all sit at home and sell on ebay all day.
Pillar of the Community
Canada
4944 Posts
 Posted 07/02/2013  9:31 pm  Show Profile   Bookmark this reply Add Canadian-Banknotes to your friends list

Quote:
Yeah, truck parts I would stick with BIN. Most collectables that are popular and somewhat unique should go auction IMO.

Things like car parts should be sold Buy-it-Now or best offer. Since there isn't always a large group of people looking for that specific part, for that specific year, for that specific make and model, etc.
Pillar of the Community
United States
1130 Posts
 Posted 07/02/2013  9:32 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list


But, if you list something for 75 times below value it should sell. You will lose on some things, and not everything will be found, but the common items that have watchers and higher view consistently, should get bids. However, you are right, not everything would sell even at that.
Pillar of the Community
United States
1915 Posts
 Posted 07/02/2013  9:50 pm  Show Profile   Bookmark this reply Add seal006 to your friends list
Did you ever stop and think that the watchers and high view counts could be from others wanting to sell the same item?
Pillar of the Community
United States
1130 Posts
 Posted 07/02/2013  10:04 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list
Yeah, I have considered it, but I have sold these items fast before, so I figure it is potential buyers.
Pillar of the Community
United States
1536 Posts
 Posted 07/05/2013  7:16 pm  Show Profile   Bookmark this reply Add buddy16cat to your friends list
I have to agree with it depends on the coin. If you think it may bring more an auction might be best. If you know about what a coins worth best offer may be better since it does leave the door open if you happened to overcharge a little.
Pillar of the Community
United States
1130 Posts
 Posted 07/05/2013  9:58 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list

I also like the counter offer on the best offer feature. I have had very few turn down a counter offer when I send one back.
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United States
7840 Posts
 Posted 07/09/2013  2:39 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list
Buy it Now / Make an Offer combo
Pillar of the Community
United States
1130 Posts
 Posted 07/09/2013  4:13 pm  Show Profile   Bookmark this reply Add Bassmaster to your friends list
This is what I have been trying for a little while. It was good at first, but seems to have slowed down.
Valued Member
Canada
133 Posts
 Posted 07/09/2013  7:27 pm  Show Profile   Bookmark this reply Add lesinwestvan to your friends list

Quote:
Buy it Now / Make an Offer combo


I agree 100%. My first eight months on ebay all I did were auctions with a 99 cent start price, free shipping, no reserve. Lots of things sold for dirt cheap with a few exceptions. Once in awhile a coin would go for a few dollars above trends.

I switched over to Buy It Now and have had far more success. I still offer free shipping so I'm sure that helps. I may not sell as many coins a day that way but I get a better return on every coin I do sell.

I think auctions might work better for a few NCTL coins, but I have found that Buy It Now is the way to go if you are listing large quantities of coins.

Just my 2 cent.
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