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 Replies: 17 / Views: 2,963 |
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Pillar of the Community
United States
6130 Posts |
I won one of those and nothing ever arrived. I didn't want to open a claim for a $0.06 auction, which is probably what the seller was banking on.
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Bedrock of the Community
United States
36826 Posts |
Finn, make sure you post negative feedback for him.
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New Member
 United States
10 Posts |
Thanks for the replies so far everyone. Just want to throw into the conversation, that these situations happen domestically as well. Example: A 1968 Lincoln Penny from a seller in Florida recently sold for $.01 free shipping. |
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Bedrock of the Community
13014 Posts |
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What are your thoughts on the matter? I think that sellers that start something at 1 cent or 99 cents are asking for things like this to happen. Granted some of the examples just weren't good candidates for online sales, but low auction starts on ebay are always a risk for sellers and without a strong following usually don't end up well for a seller |
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Pillar of the Community
Canada
5246 Posts |
It is a promotion gimmick, I am sure, to get more attention for their offerings. The cost of advertising, as it were. They probably count on it not happening very often, and if it is too often they will eventually stop that tactic. There was an ebay seller in Canada who started all auctions for 99 cents with free shipping. However, very few sold for that little. The auctions I may add were quite popular. Edited by oriole
07/17/2018 5:31 pm
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Pillar of the Community
 United States
7955 Posts |
Classic loss leader tactic.
Only the seller knows if it's working.
Though I suppose you could get an idea by looking at all their sold items.
From a buyer's viewpoint, I'd have no qualms whatsoever. Unless you suspect it's a kid selling off his parents' stuff.
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Pillar of the Community
United States
509 Posts |
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But I can't let the other bidder have it for a penny... the seller would lose even more and I wouldn't get the item Big heart?  |
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Valued Member
United States
330 Posts |
It's rare that I see an auction start at less than 0.99, and I'm not really sure why anybody would start theirs at 0.01. The only time I felt bad about winning an auction was a Canadian silver quarter that ended at $2, free shipping, and that's because I forgot to bid on the other one the person had up. It ended up costing the seller more to ship it than the ending price.
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New Member
United States
10 Posts |
Ok yes I like thinking of it as a promotional cost or loss leader tactic. In fact, I had bid a couple of the seller's items up above $1 and losing before landing on that coin for $.06 so I suppose I helped the seller indirectly. And yeah listing an item for less than it costs to ship is definitely asking for trouble.
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Bedrock of the Community
United Kingdom
17964 Posts |
I recently sold an uncirculated 1971 British penny for £0.01, although I charged postage for it! I put the coin on ebay really as a personal 'protest' about the ludicrous prices some other eBayers were trying to charge for similar coins in circulated condition - I hope that by checking sold prices they might get the hint!  Edited by NumisRob
07/18/2018 5:36 pm
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Pillar of the Community
United States
7955 Posts |
I am baffled by the discussion on this  I am mostly a seller (rather than a buyer) on ebay. I sure don't expect anyone to take pity on me because I have priced something too low to make money on it. If I make a pricing mistake, I take it as a lesson. So ... in lieu of guilt, just think that you have provided an educational opportunity  . |
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Pillar of the Community
Australia
1333 Posts |
You shouldn't feel guilty about winning an auction even if it definitely is under costs, however if there was some sufficient reason why the item were repealed eg stolen or mistake listing, all this other stuff then. Then I wouldnt bother getting up in their grill over 6 cents, propably leave a neutral review. I mean paypal gives you 2 cent for testing if you account is probably linked to your bank.
Hmmm maybe I shall try this tactic out, and sugguestions on what the title should be?
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Pillar of the Community
United States
717 Posts |
As others have mentioned, this may be a way for the seller to get more positive feedback.
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Pillar of the Community
Canada
999 Posts |
I was curious so I just took a look. One seller from China has a ton of fake Morgans and other sellers have "ancient" Chinese coins listed. I really don't know anything about Chinese coins to know if these are in fact legit.
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Bedrock of the Community
13014 Posts |
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One seller from China has a ton of fake Morgans and other sellers have "ancient" Chinese coins listed. I really don't know anything about Chinese coins to know if these are in fact legit. Fakes are a big problem with the "ancient" Asian coins as well. It's not an area that I would spend in on raw coins unless you REALLY know your stuff. |
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Replies: 17 / Views: 2,963 |
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Posted 07/17/2018 3:09 pm
