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What's Up With These Ebay Starting Bids?

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Valued Member

United States
163 Posts
 Posted 09/11/2012  3:07 pm Show Profile   Bookmark this topic Add sab3927 to your friends list Get a Link to this Message Number of Subscribers
Just spent some time looking through ebay error auctions. There were so many items with ridiculous starting bids that viewing the listings became tiresome and frustrating. No one bids on them! Perhaps we should come up with a list of sellers who seem more serious about offering competitive auctions. Are you as fed up as I am?
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mycrob's Avatar
United States
2602 Posts
 Posted 09/11/2012  4:11 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
I agree with you, very frustrating going through some coins you need or are interested in, then you look at starting price or buy-it-now and it's RedBook or even higher than retail. The key to getting a nice coin at price you can afford is lots of patience and willingness to get outbid on true auctions.

Eventually if you bid on enough auctions and bid only what you want to pay for the coin, you will win some auctions.
Valued Member
United States
163 Posts
 Posted 09/11/2012  4:18 pm  Show Profile   Bookmark this reply Add sab3927 to your friends list Get a Link to this Reply
Thanks for your thoughts mycrob. I won't give up.
Valued Member
Badger Mint's Avatar
United States
324 Posts
 Posted 09/11/2012  4:26 pm  Show Profile   Bookmark this reply Add Badger Mint to your friends list Get a Link to this Reply
I've seen some ridiculous buy it now prices but when I check the sellers completed listings, he has accepted offers of as little as 25% of his asking price. At least in his case, he is hoping for a foolish buyer but is willing to talk.

Joe
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mycrob's Avatar
United States
2602 Posts
 Posted 09/11/2012  4:49 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
High buy-it-nows scare me away from even trying a best offer option. I have not had good success with best offers. I've offered very solid best offers and they are almost always turned down.
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Tim Stroud's Avatar
United States
2661 Posts
 Posted 09/11/2012  5:05 pm  Show Profile   Bookmark this reply Add Tim Stroud to your friends list Get a Link to this Reply

Quote:
I've offered very solid best offers and they are almost always turned down.


I am proud to say that I have a 100% turn down rate on best offers, and I have been offering Numismedias FMV.
Valued Member
United States
200 Posts
 Posted 09/11/2012  7:48 pm  Show Profile   Bookmark this reply Add lincsus to your friends list Get a Link to this Reply
I am also seeing a lot of high starting bids. No one bids on them and the seller just relists the item hoping for some fool to go for it. There is one item though which takes the cake. The seller has listed price of $45000 for a coin which is worth around 80 cents (I bought one recently). Don't now what these people are thinking!
Valued Member
United States
163 Posts
 Posted 09/13/2012  12:13 pm  Show Profile   Bookmark this reply Add sab3927 to your friends list Get a Link to this Reply
The real problem with these idiotic listings is the sheer number of them. Today I see over 7,000 listings in the ebay errors. Makes me exhausted just thinking of wading through them. I usually take them 2 days at a time. Lincsus, if you think the $45,000 is bad, check this out!
http://www.ebay.com/itm/1909-S-ICG-...em27c8c95e66
Valued Member
Schwanke's Avatar
United States
242 Posts
 Posted 09/13/2012  4:36 pm  Show Profile   Bookmark this reply Add Schwanke to your friends list Get a Link to this Reply
Their's a lot of cup and coin, hide and seek on ebay from what I have seen.

They will list buy it nows high then have auctions every day for the same item over and over again always selling at sometimes 1/3rd the price. Seems to be in this case the auction is the advertising and the buy it nows is the impulse buys that people dont search around for better deals.

They will do an auction with a starting bid thats only 1 or 2 dollars lower then a buy it now already listed and I've watched it go up as much as 10 or 20% higher then the buy it now. (On these if I really wanna save the dollar or two I bid the at the buy it now price and if it goes over buy the buy it now instead.)

I dont know that last coin but I bet some of these insane listings are so when people sort by most expensive they are right on top or they really are hoping some super rich idiot doesn't know whats going on but even I dont think thats a real possiblity lol. (Maybe 1000$ on a 100$ item or something but thousands and millions I dont think so.)

I think some really are people who dont know what they are doing. I see 1976 2 dollar bills in very circulated condition listed for 3 and 4 dollars a piece grouped all the time when you can get brand new uncirculated sequential 2003s in batches of 5 to 100 or more for 2.40 on the bill or less. 90% of the time even decent looking circulated 1976s only go for 2.40 or less. When I am in the mood to 'stock up' on 1976 2$s I bid 2.40 on everything that remotely looks like a whole bill and get most of them for less even face value where the seller lost money because they had to pay for the stamp and ebay charges. :|
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jasper62's Avatar
United States
2189 Posts
 Posted 09/13/2012  5:16 pm  Show Profile   Bookmark this reply Add jasper62 to your friends list Get a Link to this Reply
I never see those high dollar errors,First thing I do is click errors, next I click ending soonest,next I put in a dollar amount between .01 and say 30 bucks click it and it screens out most of the overpriced error coins
Anyway thirty dollars is the most I'm going to spend on an error coin anyway. What you don't see you don't need
Edited by jasper62
09/13/2012 5:18 pm
Rest in Peace
numismo's Avatar
United States
3039 Posts
 Posted 09/13/2012  5:21 pm  Show Profile   Bookmark this reply Add numismo to your friends list Get a Link to this Reply
These high starts took off after ebay started free listings. Sellers have high starts hoping to dupe 1 out of the 3,437,344 people that are looking on ebay. It only takes one to make their day. Sad.
Valued Member
United States
163 Posts
 Posted 09/14/2012  12:23 pm  Show Profile   Bookmark this reply Add sab3927 to your friends list Get a Link to this Reply
Hey Jasper62. That's what I've started doing only I go from .01 to 50.00. Cuts the number of listings in half.
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southsav's Avatar
2224 Posts
 Posted 09/16/2012  11:01 am  Show Profile   Bookmark this reply Add southsav to your friends list Get a Link to this Reply

Quote:
I am proud to say that I have a 100% turn down rate on best offers, and I have been offering Numismedias FMV.


and same here

I refuse to make an offer or even look at BIN because of those sellers. I'm sure there are a FEW respectable sellers who would consider an reasonable offer but because of these sellers they won't even get a look from me.
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