Why Do Prices Vary According To Time And Auction?

Why I think we should all check out BidCoin.com and see if we can double our money! I'll check in at 9:00AM Eastren time (is this short for "East Trenton" time?) And if that does not work out, I can wait until 6' feet O'clock on the Left coast. Hey Benny buddy, take out an ad!!!!LOL, never mind I guess you already have!!Mike

My best prices are realized at Bowers and Merena. Of course, they only offer numismatic items, so maybe there is something to this logic..........

I'm with Terry on the timing of coin auctions. I've always found that I seem to get better prices when I manage the ending date on a Sunday evening, late enough so that left coast bidders have a chance, but not so late that right coasties have gone to bed and don't have the chance to outbid the western time zones. Eight to ten PM Eastern time seems to be good for me, but others might make it a little later. The name of the game is maximum numbers of lookers, watchers, and bidders, so with a weekend ending, the object is to attract those who don't have a chance to look during weekdays.

For me, there's also another practical aspect: I time my auctions such that I can mail out the coins on Mondays. I live too far from the Post Office to be commuting back and forth several days of the week.

BidCoin_com, I'd like to see specific examples of online coin-only auction sites in which the sale has brought twice as much as on ebay. While I am certain there are always exceptions, I just don't see coin-only auction sites bringing in more than ebay, at least on most coins; the larger the audience, the more likely any particular coin will sell for a higher price, all other things being equal. If one wants top dollar for a specific coin, then best list with Heritage or Bowers & Merena as ND states, but even then, unless the coin is particularly desirable, it's not likely to fetch much more than the going rate although, like all generalities, there's always exceptions.

Mike, I was giving BidCoin_com the benefit of the doubt; he might be caught up with the enthusiasm of an early success on the sale of a coin. I checked out his site, wasn't particularly impressed with the numbers, but it's still new and I think he could use all the advertising, free and otherwise, that he can get; he's in direct competition with ebay, the most powerful force on the online coin auction market. Of course, if it gets built up to be a major player, then ebay will buy him out (which might be his ultimate strategy). Still, at this point, he needs a LOT more listings and a LOT more potential buyers.