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Tips And Advice For Selling Varieties

 
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Author Previous TopicReplies: 13 / Views: 276Next Topic  
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 Posted 07/08/2020  01:38 am Show Profile   Check SilverCents's eBay Listings Bookmark this topic Add SilverCents to your friends list Get a Link to this Message
Rather curious which one you guys prefer when it comes to selling and setting up auctions on eBay. I haven't had much luck with BIN selling at the moment, so I'm tempted to reach out and possibly set up a few auctions for some pricey coins.

I'm cautious however because I've set up auctions for a few pricey DDOs and they've all flopped, sold for $0.99, minimum bid.

If I need to gain money quick, and I have some somewhat valuable errors, at least above $5 each AT LEAST and more, what would you suggest I do? Should I set a higher minimum bid than a dollar?

Should I do 3, 5, or 7 day auctions?

Just need some advice when it comes to correctly selling these varieties quickly, without losing a lot of money.
"Life is like a box of chocolates, you never know what you're gonna get." - Forrest Gump

Variety Want List: http://goccf.com/t/373255
Best DDO Found CRHing: http://goccf.com/t/375247#3218314
Best LMC DDR Found CRHing: http://goccf.com/t/378053
Best LSC DDR Found CRHing: http://goccf.com/t/378041
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 Posted 07/08/2020  02:49 am  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Always 7 days. Don't do auctions for raw coins. BIN is always best because more buyers can see it.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
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 Posted 07/08/2020  06:15 am  Show Profile   Bookmark this reply Add John1 to your friends list Get a Link to this Reply
7 days,set a reserve price and start at .99 Any coin clubs near you?
John1
( I'm no pro, it's just my humble opinion )
Searched 5+ Million Cents Since 1971
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146 Posts
 Posted 07/08/2020  08:07 am  Show Profile   Bookmark this reply Add jafo50 to your friends list Get a Link to this Reply
I've always felt that setting a $.99 starting auction price was extremely risky unless it's a high demand coin or key date coin. There are eBay buyers that specifically search out coins just like you described; low auction price and very little action. It's a tough crowd on eBay.
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 Posted 07/08/2020  08:42 am  Show Profile   Bookmark this reply Add kanga to your friends list Get a Link to this Reply
I use 10 day auctions.
I decide what is the minimum I'll accept and then start it there.
You need reasonably accurate grading AND note whether it's a Details coin.
If they don't sell then one or more of your assessments is wrong (minimum/grade/Details).
And you need GOOD pictures.

Right now I have about 15 Capped Bust half dimes listed.
After one day they are all being Viewed at and about half of them are being Watched.
Describe it as if there were no picture.
Picture it as if there were no description.
Edited by kanga
07/08/2020 08:47 am
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 Posted 07/08/2020  10:51 am  Show Profile   Check SilverCents's eBay Listings Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Thanks all for the advice.

I was talking to Tropicalbats and he told me that he's been doing a lot of auctions rather than BIN prices because it's very slim for a specific person to find a specific variety which they're looking for, and agree on the price you set for it. That's why he does auctions, because BIN can be the waiting game, and to be honest, I have very little time left on my hands before I have to temporarily stop coin collecting and selling on eBay all together.

John I'm not for sure if there are any. I'm leaving the state which I am in, in about a week or so anyway.
"Life is like a box of chocolates, you never know what you're gonna get." - Forrest Gump

Variety Want List: http://goccf.com/t/373255
Best DDO Found CRHing: http://goccf.com/t/375247#3218314
Best LMC DDR Found CRHing: http://goccf.com/t/378053
Best LSC DDR Found CRHing: http://goccf.com/t/378041
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 Posted 07/08/2020  10:53 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
99 cent auctions with no reserves .......recipe for Ebay disaster
EBay ................
the realm of the Bottom feeding shark.
There are many many sellers who should not
Sell on EBay.
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 Posted 07/08/2020  11:17 am  Show Profile   Check SilverCents's eBay Listings Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
It costs $5 each for me to set a reserve price. Unless I'm dealing with a coin that's $35+ I don't really see how I would be able to do that. Makes total sense if I was dealing in a very high priced coin, but the majority of the stuff I have isn't very high.

For instance I might be willing to sell a 1946-S DDO-003 in BU condition that I got from my LCS. But is it worth $35+? Probably not.
"Life is like a box of chocolates, you never know what you're gonna get." - Forrest Gump

Variety Want List: http://goccf.com/t/373255
Best DDO Found CRHing: http://goccf.com/t/375247#3218314
Best LMC DDR Found CRHing: http://goccf.com/t/378053
Best LSC DDR Found CRHing: http://goccf.com/t/378041
Edited by SilverCents
07/08/2020 11:24 am
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 Posted 07/08/2020  1:33 pm  Show Profile   Bookmark this reply Add Zurie to your friends list Get a Link to this Reply
I think 99 cent start auctions are fine if you're selling in a widely collected series, but it you're trying to sell into a niche market like minor varieties, there's just not enough competition to justify a low start auction. BIN is safest, but you have to be patient and that may not work for you if you have time constraints.
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 Posted 07/08/2020  1:37 pm  Show Profile   Check SilverCents's eBay Listings Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Thank you Zurie, you're certainly right. Made a couple sales today. Put up a bunch of RPM auctions before, got no bids. But once I set them to BIN, I actually got some buyers. Strange how that works.
"Life is like a box of chocolates, you never know what you're gonna get." - Forrest Gump

Variety Want List: http://goccf.com/t/373255
Best DDO Found CRHing: http://goccf.com/t/375247#3218314
Best LMC DDR Found CRHing: http://goccf.com/t/378053
Best LSC DDR Found CRHing: http://goccf.com/t/378041
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 Posted 07/08/2020  3:28 pm  Show Profile   Bookmark this reply Add trdhrdr007 to your friends list Get a Link to this Reply
I've been selling on eBay for several years now. Not many coins but the principles are the same. The vast majority of what I sell is BIN. Most items have a range of prices they sell for. If you're in a hurry to sell set your BIN price at the bottom end of the range & it will sell fairly quickly. If you don't mind waiting set it near the top of the range & wait.

It's especially important to list BIN if you have what I refer to as high value, low demand items. These are somewhat rare items that will sell for good money to the right buyer. The problem is the number of buyers is low enough that there are seldom 2 of them looking for that item at the same time. If you list one of those items as an auction with a low starting price you will lose money.

I only do auctions if I'm unsure what the market value is. I had no idea it cost $5 to set a reserve....& don't understand why anyone would pay to do so when you can start an auction at the minimum amount you are willing to accept.
Edited by trdhrdr007
07/08/2020 3:29 pm
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 Posted 07/08/2020  3:59 pm  Show Profile   Check SilverCents's eBay Listings Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Thanks for the help and advice trdhrdr007. That makes sense.

Oh I see, now that I think about it, it does make a lot of sense. People won't necessarily be looking for the specific variety that is rare, because it doesn't pop up on the market that often. Ah I see your point. I guess that's pretty much what happened with my past auctions.

I see, yeah I understand that now. Well, I can answer that for you. The reason why someone would set a reserve price is because the reserve price isn't shown. The item will still show as $0.99, even if your reserve price is $3. I suppose it's a way to guarantee if your item does sell, it'll be at a certain price you're ok with, and it still looks good in the eyes of a bidder, as to them all they're seeing is the minimum bid of $0.99

Thanks again for the help!
"Life is like a box of chocolates, you never know what you're gonna get." - Forrest Gump

Variety Want List: http://goccf.com/t/373255
Best DDO Found CRHing: http://goccf.com/t/375247#3218314
Best LMC DDR Found CRHing: http://goccf.com/t/378053
Best LSC DDR Found CRHing: http://goccf.com/t/378041
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 Posted 07/08/2020  4:10 pm  Show Profile   Check silverwolf's eBay Listings Bookmark this reply Add silverwolf to your friends list Get a Link to this Reply
Never use a reserve price, it only upsets bidders , if the item doesn't reach the reserve.. instead start the auction at the price you can afford to let it go at..if you're happy with 10$ start it at 9.99..

Also use 7 or 10 day auctions, I try to have auctions end on Saturday between 6-7 p.m. when I know most people will be home..
You don't want them ending when people are at work, you will miss a lot of potential bidders..

If you have some better coins, say 25$ and higher you can do them as buy it nows, a lot of buyers who win an auction have been known to check out your other items for sale. and make offers on them..

And always remember, the buyer pays shipping, and you have cheap registered mail, and or delivery confirmation in the USA.
USE IT, because if it doesn't have tracking and the buyer says they didn't get it, you will lose everytime with eBay..
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 Posted 07/08/2020  4:30 pm  Show Profile   Check SilverCents's eBay Listings Bookmark this reply Add SilverCents to your friends list Get a Link to this Reply
Thank you silverwolf. Very helpful!

I'll make sure to remember that.

Luckily I can slow things down now, just made a huge sale covering all the expenses I needed to pay, so now I can sit back and relax, rather than pump out tons of BINs like I did this morning.
"Life is like a box of chocolates, you never know what you're gonna get." - Forrest Gump

Variety Want List: http://goccf.com/t/373255
Best DDO Found CRHing: http://goccf.com/t/375247#3218314
Best LMC DDR Found CRHing: http://goccf.com/t/378053
Best LSC DDR Found CRHing: http://goccf.com/t/378041
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