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Replies: 36 / Views: 4,138 |
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Rest in Peace
 United States
5375 Posts |
Alright guys. Good advice. Funny thing is, I find a raw 1860 Seated Liberty half dollar. Probably worth about $220 maximum. People aren't bidding.....RIGHT? So I enter $180 because I actually liked the coin (good+ eye appeal but not FANTASTIC) and thought maybe I'd plop it in that type slot for awhile if it turned out nice. The coin is at $66 and theres no WAY that it's going to jump over that....RIGHT? 95% when its a raw coin and I bid this high at an off time I win it. Nope. Of course, whenever I actually want it for type, there's some guy who makes it jump from $100 to $190 : (
Edited by coinguybrian 08/30/2010 1:22 pm
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Rest in Peace
 United States
5375 Posts |
Quote:
Shadow: You probably don't want to hear this, but it IS possible that there are snipers out there who are using some type of last minute sniping program and are simply entering ridiculously low bids. There might have been a couple bidders who tried to snipe it at $35.00 or $36.00 that you don't know about simply because their bid was too low to register. I imagine though that there were not. If there were, seems that they would be probably more around $50 or $60......on $80 coins when I'd try to snipe at $45 or $50 I'd often see sniping to $60 or $65 at least. My price threshold is usually lower than theirs and for that reason I lose more often than not. My other coins had no snipers either, when almost all my lots before did. Neither did any of the other coins ending tonight from other sellers, apparently. Almost every single coin ending that night got absolutely creamed. That seemed to be the issue more than anything, so while I'll take a lot of these suggestions, hopefully my next batch does better.
Edited by coinguybrian 08/30/2010 1:23 pm
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Pillar of the Community
United States
1000 Posts |
Hi Shadow, Not saying you should change this because I respect your honesty, but I believe that most ebayers are skeptical. Meaning if it says "original surface" they think "maybe cleaned". If it says "old cleaning" or "possibly dipped" they think "sand blasted and soaked in acid". Also, given that it seems most ebayers like shiny coins. Calling it crusty makes us CCF members  , but ebayers might think...illl gross  . You may be too honest and descriptive for your own good. Giving it a grade with a return policy might be enough for ebay purposes. Just a thought.
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Rest in Peace
 United States
5375 Posts |
I think I'm probably going to eliminate the description in my last round. It seems that the more you write, the more they're suspicious of you, when the opposite is often true = ( Still, I hope I do more comparably to the last auction round before the one Saturday night. That wouldn't be too bad and I need the money. What is a normal number of watchers for a mid level type coin 1-2 days before auction end? I want to know if I'm getting enough of these also.
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Rest in Peace
 United States
5375 Posts |
Watch out for Friday night, guys. I learned this the hard way....again. 17 watchers, 200 views, and zero snipers. Insane. fortunately I had very little in the coin but it was a huge letdown to have an ending bid of $67 (with free priority shipping AND insurance, ugh) instead of the expected $120-$140. I kind of had an inkling that it wasn't a good idea but I just had to test it out. Looks like I was right. Just wish I had tested it out with something other than a really nice barber half.
On the upside, I made about $300 on my last round with the better titles, so it's not all negative. They seemed to help but the biggest problem seems to be that friday and saturday nights are just horrible times to list.
Edited by coinguybrian 09/10/2010 10:23 pm
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Pillar of the Community
United States
1534 Posts |
Sorry to hear about your losses, but good thing you made some money on your recent sales. I sold most of my collection due to some other situations and I kinda wanted to start over, and here's how it went. I sold about $350 on ebay since I sold most of the coins on other venues, and as for the ebay auctions I did pretty well. I have no idea what my reasoning was back then but I ended most of the auctions at around 4 PM on Saturday, and I seemed to do better compared to previous experiences by putting less in the description and using all caps titles. I made solid profits on most, except I lost almost half on a 1921 SLQ but I somewhat expected that since I cracked it out of the PCGS slab. After factoring in all costs, I made a slight profit, so I was pretty happy. Here was my most profitable auction percentage wise, given that I paid $15 for the coin. http://cgi.ebay.com/ws/eBayISAPI.dl...t_572wt_1057
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Valued Member
United States
66 Posts |
Always heard that Sunday afternoons/evenings were best. also short and on point descriptions and quality pictures. (which sounds like a summary of what is posted above.
Might add more about 'looking at your other listings.' Being able to bundle 2-3-4 items in to one package is always a nice extra bonus... Listing like items together to end on the same day always helped. not only for shipping, but upping bid, as the buyer wants to be able to combine shipping, so they will bid a little more.
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Rest in Peace
 United States
5375 Posts |
I'm not going to disclose exactly how much, but I made heavy profits a few times. It seems like its do-able, you just have to get the timing right because regardless of the number of watchers, most bidders bid last minute and if they're out, the coin will go absolutely nowhere unless its a highly sought after popular key. Adding a note about combining shipping is probably a nice idea.
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Moderator
 United States
16679 Posts |
I always do a 10 day starting on Friday that way it gets both Saturdays and part of second Sunday. Just my Two Cents.
swcoin.ecrater.com
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Bedrock of the Community
United States
10982 Posts |
I've heard Saturday and Sunday evenings around 9:00p.m. CT are best for ending your auctions.
This auction "autopsy" thread was interesting.
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Rest in Peace
 United States
5375 Posts |
Saturday evening around 10 CT netted me absolutely abysmal results, but I don't know if that was more related to the time of the year than the time of the week.
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Rest in Peace
 United States
5375 Posts |
Quote:I always do a 10 day starting on Friday that way it gets both Saturdays and part of second Sunday. Just my Two Cents. This would actually make a lot of sense.
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Bedrock of the Community
United States
10982 Posts |
This is a tough time of year in any year (June to Sept.) but with the economy the way it is, 2009-2010 have hit many sellers hard. Coin World has run several articles over the last couple years on numismatic sales and 3 points seem to come up a lot. One is related to precious metals; coins that have a large percentage of their value based on their silver or gold content continue to sell well. The second is true rarities; they continue to sell well and bring big bucks even if it's a touch less than the 2006-2007 highs. And last is the common-man or everyday collectors; they have tighter budgets but are the mainstay of the hobby. It's still a buyer's market on most pieces under $500 that are true numismatic collectibles because times are still tough for a great many people.
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Rest in Peace
 United States
5375 Posts |
That could explain why I often get a bargain these days, but also often get outbid. It could be even more important to stand out properly to buyers in an economy like this. The people I bid from are typically low-mid feedback sellers who probably don't get much attention. I have definitely noticed what you said about coins with a large portion of bullion value. Same with popular key dates. It also seems on more common higher grade coins, and its also a buyers market though a bit less so on slabbed pieces. I got a pretty good deal on a PCGS MS-65 FH Standing Liberty quarter awhile ago but I guess that tends to be somewhat anomalous because most sellers don't try to sell coins that high end off easily. This is definitely a good thread, since while I consider myself pretty adept at US type coins in general and buying stuff, I am not very advanced at selling. There seem to be quite a lot of things that did not seem to matter that really do, since its more complicated than I realized.
Edited by coinguybrian 09/11/2010 04:47 am
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Rest in Peace
 United States
5375 Posts |
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