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Finally Selling My Conders - Starting Price Advice?

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xshift's Avatar
United States
2669 Posts
 Posted 12/29/2013  06:42 am Show Profile   Bookmark this topic Add xshift to your friends list Get a Link to this Message Number of Subscribers
Some of you may remember this discussion a few years ago - https://goccf.com/t/77885 - the 1793 Promissory Halfpenny has toned a bit darker but the rest pretty much look the same. I'm finally getting around to selling them.

What I was wondering is: how well do these sell on ebay? Should I be worried about starting them low or have a pretty high minimum? For example.. silver can usually be started at .99 (unless it's something obscure) but it will sell, it doesn't really matter what it's started at. For more specialized things like Conder tokens, I worry because I've started a few specialized things low and haven't gotten near what they were worth.

So any pricing advice on these would be appreciated. Thanks for the help.
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Ben's Avatar
United Kingdom
4208 Posts
 Posted 12/29/2013  07:01 am  Show Profile   Bookmark this reply Add Ben to your friends list Get a Link to this Reply
Ah Conder Tokens. The bane of many an eBayer - the price they get is so very very varied. Rare piece in BU could sell for £8 one day and £200 the next. Thats the worry. Sometimes people take a shine to common pieces too.

Heres the thing though...Conder tokens arent rare. You can get them very cheap. And, unfortunately, you've got the common ones. The ones which you can expect to break £10 are the Coventry and the Sudbury (if you're lucky) and The Petersfield could reach any kind of price, I couldnt really say. Id expect it to be around £30 - one in comparable condition is listed at £40ish with best offer. Its a pity the strike wasnt better.

I recommend against listing at 99p...you'll find that not many people are needing these common ones and the bidding wont be so fierce. List them at the price you want to get and the people who need them and are willing to pay that price will still turn up.

As an example, rare conder tokens showing things like Kangaroos sometimes turn up, UNC, and sell for less than £20. Theres just not a good collector base for them yet - I'd really suggest hanging onto them.
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xshift's Avatar
United States
2669 Posts
 Posted 12/29/2013  07:22 am  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply
Well, if I'm not going to get much for them then I'd rather hold onto them like you suggest. The news could be better, but thanks for letting me down gently
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 12/29/2013  07:22 am  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply
I have no experience with Condors xshift.

However as an ebay strategy I have given up with the auction format. I find a combination of Buy-It-Now and Make an Offer works better.

I find a price I think is a little optimistic but not ridiculous for the BIN. That way if someone is very keen they can have the coin straight away. But I leave some flexibility by accepting offers.

Potential buyers can make up to three offers and the seller can accept straight away, decline or make a counter offer. That way you can find a compromise price you're both comfortable with. You can preset your listing to accept or reject at specified amounts, but I tend to make my mind up on an individual basis.

Maybe worth a try?
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xshift's Avatar
United States
2669 Posts
 Posted 12/29/2013  07:44 am  Show Profile   Bookmark this reply Add xshift to your friends list Get a Link to this Reply
Tom, yes, I've had to resort to that strategy on shooting medals, so it might indeed be a handy one for these. The shooting medals were fairly easy to come up with a BIN price, but with prices being all over the map like they are for Conders, it would be hard to settle on a good price for a BIN. And I get some ridiculously low offers sometimes to wade through - but I suppose that's where the auto-reject could come in handy.

Have you ever had a buyer counter your counter-offer? Whenever I've done that it's never been countered back - I'm not sure they realize they can do that. The last time I was active on ebay that feature wasn't available, so I'm not sure how familiar people are with it.
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arianzo's Avatar
Canada
2124 Posts
 Posted 12/29/2013  4:01 pm  Show Profile   Bookmark this reply Add arianzo to your friends list Get a Link to this Reply

Quote:
Tom Goodheart
I have no experience with Condors xshift.

However as an ebay strategy I have given up with the auction format. I find a combination of Buy-It-Now and Make an Offer works better.

I find a price I think is a little optimistic but not ridiculous for the BIN. That way if someone is very keen they can have the coin straight away. But I leave some flexibility by accepting offers.

Potential buyers can make up to three offers and the seller can accept straight away, decline or make a counter offer. That way you can find a compromise price you're both comfortable with. You can preset your listing to accept or reject at specified amounts, but I tend to make my mind up on an individual basis.

Maybe worth a try?


I agree and moreover, the great advantage of doing that is that you can "analyse" the buyer profile and feedback. With an auction, after someone won you've to sell to him.
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Tom Goodheart's Avatar
United Kingdom
856 Posts
 Posted 12/29/2013  4:38 pm  Show Profile   Bookmark this reply Add Tom Goodheart to your friends list Get a Link to this Reply

Quote:
Have you ever had a buyer counter your counter-offer? Whenever I've done that it's never been countered back - I'm not sure they realize they can do that. The last time I was active on ebay that feature wasn't available, so I'm not sure how familiar people are with it.


No, I've not had a counter-counter offer yet! But I like the 'haggle' factor. And as arianzo says, it gives you some time to think about both the offer and buyer.

I'm surprised it's not used a bit more and do wonder if it's just not better known. Last time I used it I had an offer early on from someone who sent so many messages in the end I wasn't sure what their offer was. And then the coin sold to someone else at the very end of the listing at the BIN price!

Valued Member
United Kingdom
287 Posts
 Posted 12/30/2013  08:35 am  Show Profile   Bookmark this reply Add mashisback to your friends list Get a Link to this Reply
Although I have never used the buy it now or nearest offer for coins etc, I do run an ebay retail business made up of buy it nows and buy it nows with nearest offer.

I have a main account of which I use the above for all of the items listed, I usually have very good prices which sell rapidly, recently I have put all of my prices up by 30% which is a huge increase, this just to give me some time off for the Christmas period, a few items have still sold, about 20% quantity of the normal sales volume, so buy it nows in general do work. Some people will pay excessive but obviously takes longer in general before someone buys.

The buy it now or nearest offer also works well because some people just buy it now at the excessive price, other DO barter up to 3 counter offers each. Some buyers ignore counter offers, I find this about 50% of buyers. Be patient, some people offer a ridiculously low price and ignore the counter offer completely, others are looking to negotiate a price in between. Buyers who respond quickly to counter offers usually really want the item so step down fairly but take the risk of losing the buyer. If the buyer takes a while to re-counter, counter back with your honest best price with a note saying 'this is the very best I can do'

I also have 10 (yes ten) other private accounts of which I only use auctions. I NEVER use 99p start for anything that I would be unhappy to sell for just 99p... it does happen with items. I have had £80 jeans sell for 99p back when I first started.
Every other weekend (near enough), all private accounts get 100 free listings starting at any price over £1. So you can list them starting at the price you want, for example £25, if no one bids, you do not pay anything. If the sell, you pay the usual 10% final fee. This is perfect for me as my 10 private accounts allow me to send 1000 auctions off every two weeks (1-3-5-7-10 day auctions). All items are listed starting at a price I am happy with. Approx 5% of items sell. and about 1 in 3 of these items get bid up further. (sometimes bidding wars cause items to sell for more than you can get them down at the nearest shop)
This may be the best option for you as it is risk free, you can relist every 2 weeks on 10 day auction for example starting at price you want minimum.

Hope some of this helps, I am gaining a lot of experience from this site but don't have much to give... this is probably my best field so I hope it helps, let me know if any questions

Thanks
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