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Pillar of the Community
j_h_s's Avatar
United States
1934 Posts
 Posted 12/16/2007  05:34 am Show Profile   Bookmark this topic Add j_h_s to your friends list Get a Link to this Message Number of Subscribers
Whelp (small voracious pup); my stats say I've posted over 50 posts (none frivolous, for sure).

It's been educational reading so many of your posts here in this section, thank you.

I have been reading to determine if I want to branch out (or away?) from F2F coin dealers and sell some coins on line. I have lots of ebay experience; just not experience with selling coins on ebay...and the more I look/watch ebay coin sales, the more I hesitate to sell on ebay if only because of the radical fluctuations and variances in what I consider conservatively-established coin values...e.g., I could not bring myself to set a coin auction beginning bid at less than a conservatively-established value...yet, I see some coins with a beginning bid of .99.

In another section/thread of this forum, I commented on the often radical difference between estimated or established coin values between the pcgs.com and numismedia.com -- which also creates more hesitancy on my part.


Anyway, welcome ME!
Thanks,
Jim
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Metalman's Avatar
United States
7123 Posts
 Posted 12/19/2007  03:48 am  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
JHS

Bids beget bids ,, the whole theory behind starting the auctions at 99 cents ,,that more people will bid sooner on the auction ,,theoretically those bids become a catalyst and encourage more bids and basically higher final values .

I face some of the same feelings as you when I list auctions which is only every now and then ,,I am far from a prolific seller on any venue .

some coins I set a reasonable starting bid others I list at what I consider to be a reasonable value .

I guess I'm somewhat gutless in my approach ,,but I know what I paid for the coin if I can't at least break even then its not forsale .

Metalman
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j_h_s's Avatar
United States
1934 Posts
 Posted 12/19/2007  05:33 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
Hey, thanks for replying, Metalman...I was beginning to wonder if anyone would reply.

You said, "I guess I'm somewhat gutless in my approach ,,but I know what I paid for the coin if I can't at least break even then its not forsale ."

I agree.

If I were to put a 1961 D/D on as a test piece, what kinds of questions would I be expected to answer?



Image: New-Here 1961ddobv.jpg
57.61 KB
Pillar of the Community
tights24's Avatar
United States
2254 Posts
 Posted 12/19/2007  07:47 am  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
That's a good question JHS. I think it may be different when you talk about doubled Dies in my opnion. If it is not attributed by a top tier company, I think thst makes it even more risky for you as far as realized pricing. Very good close-ups would be a must, and even then you have a much more limited number of collectors out there.

As far as questions, I don't buy coins that are varieties or errors, so I honestly don't know what the more common questions would be. You could potentially pose this question in the variety section here since that's where most of the experts hang out. I see no reason why this subject couldn't be there as it pertains to the issue at hand more than ebay per se.

But in general, Metalman hit the nail on the head. Bids get bids, and sometimes turns into auction fever. I too am gutless to a certain extent, but if at all possible, items will start at $.99
Forum Mom
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Susanlynn9's Avatar
United States
5877 Posts
 Posted 12/19/2007  09:24 am  Show Profile   Bookmark this reply Add Susanlynn9 to your friends list Get a Link to this Reply
We start every auction at .99. We used to start many at $9.95 but after lots of research, we found that our final prices were much better with the lower starting bid and it lowers the listing fee.

The fees are the biggest problem with listing on ebay. When ebay raised the fee from .10 to .35 for a gallery pic, we tried selling without the gallery pic and our sales suffered. It is obviously very important to decide what features actually pay for themselves.

We have found that we get better prices for everything if we feature a coin or two. This is expensive, so we are very careful which coins we feature. In our last auctions, we featured an eagle and a double eagle. Both sold very well and our prices for our other auctions soared. The result was that the auctions easily paid for the $60 difference in fees.

Research your coins well. Be sure not to overgrade. If you are unsure, post them here and we will help you. Always provide large, clear pictures. State a reasonable return policy in your auctions. Choose your titles carefully. Most buyers search titles only, so be sure that your title is comprised of searchable terms. This will get you more visibility. Keep in mind that subtitle is rarely worth the money. Subtitles only come up in title and description searches because they are not considered part of the title. Unless you have something worth saying in the subtitle, don't use it. For the most part, it's a waste of money.

Even if you are selling slabbed coins, provide closeups of the obverse and reverse of the coin itself. I recommend purchasing a domain with GoDaddy or another of the reputable hosting services and using that to host your pictures. If you do that, you will not have to pay ebay for each picture you have in your auctions. We have had auctions with as many as 30 pictures and have only paid the .35 for gallery. Also, ebay compresses your pictures when they host them, so they are not quite as clear and crisp as they would be if you host them yourself. You should be able to host a site for under $5.00 per month.

Hope this info helps.

Pillar of the Community
j_h_s's Avatar
United States
1934 Posts
 Posted 12/20/2007  07:55 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
Thank you, all, again. I seem clueless about how to begin to buy, sell, trade here on this forum, too. Susan; you're the expert, right? Help me?

Jim
Pillar of the Community
tights24's Avatar
United States
2254 Posts
 Posted 12/20/2007  08:03 am  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
Mom will be on this morning at some point I'm sure. In the meantime Jim, there are pretty clear and concise rules to follow in order to buy, sell, and trade, and what each listing must have in it. This is a great place to sell with no fees and good buyers!
Pillar of the Community
Metalman's Avatar
United States
7123 Posts
 Posted 12/20/2007  3:59 pm  Show Profile   Bookmark this reply Add Metalman to your friends list Get a Link to this Reply
Its also a great place to buy ,,Good sellers ! with some nice offerings .

The Buy ,sell and trade forums are heavily Moderated ,, and there is no wiggle room .

This to help insure safe trading among forum members .

Metalman
Pillar of the Community
j_h_s's Avatar
United States
1934 Posts
 Posted 12/21/2007  11:12 am  Show Profile   Bookmark this reply Add j_h_s to your friends list Get a Link to this Reply
Metalman; you said,
"The Buy ,sell and trade forums are heavily Moderated ,, and there is no wiggle room . This to help insure safe trading among forum members ."


Well, I'm winging(?) it on another thread in this forum with someone who is looking for an OR Trail Commem coin. I posted pictures and said I'd sell it to him/her once we've mutually agreed on a grade and price.

Is that going to fly?

This is all in the Commemorative thread.

Jim
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