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 Replies: 24 / Views: 3,462 |
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Pillar of the Community
United States
7840 Posts |
I put up on ebay a few coins that did not go over very well her in the CCF, mostly with a "Buy it Now" / "Make an Offer". I probably should have used the "reject all offers below a predetermined amount". So far, I have received some close offers, a few ridiculous offers and a few have sold. I am holding my tongue so far but it is getting pretty crazy not even being offering half of the BIN. It is always exciting to see that an offer has been made, but for someone to aim so low as to not being taken seriously. Perhaps it is ignorance, but normally I would think that people should know what they are getting themselves into. Should I decline, counter or just ignore (let them expire) these "low-ball" offers? |
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Pillar of the Community
United States
1211 Posts |
ebay has a new policy on "best offer" listings. You can now list an item and receive multiple offers on the same item. You can then accept multiple offers but the listing remains active. The first person to pay under all the accepted offers wins the auction. Bidders are under no obligation to pay, even after their offer was accepted.
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Pillar of the Community
Canada
3167 Posts |
If it is ridiculously low, just decline it.
Does anybody know if you are able to edit a listing to add that automatic decline feature?
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Pillar of the Community
 United States
7840 Posts |
Quote:
Does anybody know if you are able to edit a listing to add that automatic decline feature? I am going to look into that tonight when I get done with school. Edited by oih82w8
07/09/2013 2:50 pm
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Bedrock of the Community
13014 Posts |
Counter it. You have nothing to lose countering an offer. People usually start low anyway with the idea that the counters will lead to the price they want to pay. If you offer youre best price off the bat 99 percent of sellers counter higher anyway so you have to start low to end up where you want.
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Pillar of the Community
United States
1130 Posts |
 It does get annoying, but counter it. I had someone offer me $3 on $10 face value worth of coins. |
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Pillar of the Community
United States
1915 Posts |
Did you ever think your expected prices are too high? You have some great coins, but a quick look shows they are a bit over priced. The only offers I saw were on your 1835 Half Cent. The last one that sold on Teletrade in an ANACS EF40 slab sold for $50. Half of your asking price. The only other one I looked at was the 1944 Washington quarter. I could get a NGC MS66 on Teletrade for about $45. That is less than yours and a better grade. All of this, and it is summertime. Worst retail time of the year. Great coins however. |
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Pillar of the Community
United States
1080 Posts |
I've been selling some 1996 ASEs on ebay. I had a fellow go down all my active listings offering $15 each. This first one was silly. The rest were annoying. I blocked him from bidding. Wonder what he thought when he found out. The tough thing is remembering that a particular buyer doesn't know you've rejected that bid 5 times already. I just counter all of them with something close to my absolute minimum and see what happens. You're right, it's silly and annoying, but don't let it get you. On the other hand, I had a listing for $52... a buyer offered me $51.99. I accepted. |
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Valued Member
Canada
133 Posts |
It's all part of selling on ebay. Those things use to drive me nuts, but I just don't let it get to me anymore. Unfortunately there are always going to be those buyers that want something for nothing. I counter offer every offer I receive. What I do with the ridiculous ones is counter back $1.00 less than the original price I'm asking. 99% of the time I don't hear back from them again. |
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Pillar of the Community
United States
7840 Posts |
seal, I placed the NGC trends as the BIN and we (the potential buyers and I) can go from there. I sold one right off the bat (within a few minutes if listing it) with the BIN and I have accepted another offer (waiting on the Paypal e-check...probably another thread about those...grrr). I did some checking myself on previous "big house" auction results, but decided to start with TPG trends. Edited by oih82w8
07/09/2013 9:35 pm
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Pillar of the Community
United States
1915 Posts |
TPG trending? You are relying on values made by the companies that are slabbing them? That has always seemed like a conflict of interest to me. Still, PCGS shows your Washington at $25, and that is for PCGS which we all know is always higher than the other TPGs. Price guides like what you used are great for ballpark info. The problem is it might not be the same ballpark. Past auction results have always been the most reliable source for pricing info.
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Pillar of the Community
United States
7840 Posts |
Point well taken on past auction results as a possible reference. If there is interest in the coins; the offers will follow. I never did get around to checking on the revision on the "reject all offers below a certain amount". More good advice on countering all offers.
Worst case scenario; put 'em away for another day.
Edited by oih82w8
07/11/2013 08:32 am
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Pillar of the Community
United States
1915 Posts |
I think they are great coins. I just think it is a bad time of year for selling. Especially if you have a certain amount in mind.
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Pillar of the Community
United States
500 Posts |
My "offers" vary greatly. If the BIN price is a bit ridiculous ( IMO anything above 120% of retail/list IS ) then I tend to offer on the lower end - which can mean 50% or 60% of BIN at times or even lower. What is weird is I've had some of those offers ( that many might consider "lowball" ) be accepted. Thus it is hard to say what is "too low" as to be ridiculous. Certainly below face value is an insult as would 1c be, but IMO that is rare. I've also had seller's "try to lecture me" on the evils of offensively low offers when said offer was 90% of their BIN. IOW, ebay sellers can be crazy. One seller jacks up his price to 200% of retail, regularly has 33%-off sales and then has accepted 75% of retail ( so 37.5% of his stated BIN ) on a few coins. So buyers see a lot of crazy stuff done by sellers and may think a 50% offer is appropriate - and maybe it is in many cases. IMO, you should always respond to an offer, even if you can't come to an agreeable price on that coin it is more likely to get responses to coins in the future and is just commen sense good business. When I am lowballed I just counter near my bottom-line and let the onus be on them. I am neither offended nor prone to lecture. I will sometimes let them know what the list price is so they know why their offer isn't close to reasonable ( and why my counter IS ) but I keep it professional and 100% honest and forthright. IMO it is stupid not to counter at least once. You never know how "much in love" a buyer may become while waiting. Some may take ANY COUNTER! IMO it is worth the minute of typing to see. |
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Moderator
 United States
23522 Posts |
Absolutely, and a BIN should by nature be a bit overpriced to leave room for negotiation. That's how horsetrading works.  |
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Pillar of the Community
United States
7840 Posts |
The reject all offers below a certain amount can be removed.
Thanks all!
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Replies: 24 / Views: 3,462 |
Posted 07/09/2013 2:38 pm
