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 Replies: 28 / Views: 5,858 |
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Bedrock of the Community
13014 Posts |
Anything under 70% is fishing for a rip and a lot of sellers don't entertain anything less than 80%
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Pillar of the Community
United States
4870 Posts |
I don't do best offers on ebay. Before I knew how to disable that feature on ebay I had to state in my listings that I didn't accept offers. But the offers I did end up getting I rejected. When I list my price has to cover the free shipping and a bubble mailer. Profit margins on ebay are low considering the 10% FVF and PayPal fees so it really makes no sense accepting an offer any less. Edited by TheForce
07/01/2017 10:02 pm
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Pillar of the Community
United States
7375 Posts |
I find it pretty funny when a buyer makes a very low offer, and I come back with a reasonable counter, then they instantly decline my counter, like I insulted them  |
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Pillar of the Community
United States
3479 Posts |
Yeah, I'm going through that currently. Sometimes expectations of sellers are unrealistic and it's just easier to exit stage right and hope they forget about the deal altogether. No one likes to insult people with low ball offers even if the logic of your offer makes sense based on hard data.
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Pillar of the Community
United States
6130 Posts |
Every once in a while I score a rare coin for a terrific deal. If it is outside of my collecting focus, it's getting flipped.
These are usually ancient or medieval coins, so there is no "catalog". If I paid $10 but a similar example sold for $150, I'll list it for say $125 OBO and accept anything that equates to a real profit for me, accounting for my costs and the effort I put into the identification.
A while ago I bought two coins from a seller. I offered 50% of the asking price for both. One was accepted, and they got offended and snippy about the other one, refusing to take less than 75%. Go figure.
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Pillar of the Community
  United States
2843 Posts |
I think I have a winner for now. I have a Jefferson nickel struck on a cent planchet on ebay asking price of $180. Based on finished sales, that seems to be within reasonable. I got an offer yesterday for $18. I declined the offer, and asked the buyer politely if they actually thought that I would accept an offer for 10% of the asking price! If that person is a member here, I reiterate that I am not offended, it just fits in this topic where I have previously attempted to gauge the public's opinion on lowball offers. |
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CCF Advertiser
United States
1533 Posts |
Quote:
I find it pretty funny when a buyer makes a very low offer, and I come back with a reasonable counter, then they instantly decline my counter, like I insulted them Happens to me all the time. I had someone buy a 1/10th oz silver round that I had posted accidentally with a picture of a 1oz round of the same design. They even asked me a question as to which one it was and I responded with its a 1/10 oz. They bought it and cancelled the order when they realized they weren't going to get an oz of silver for $4. There are some people that don't have an interest in buying something unless they can steal it. |
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Valued Member
United States
74 Posts |
I put limits on the things I sell. That way I don't have to take an offer that I feel is too low. Simple as that.
I once had a seller tell me my offer would get me blocked by other sellers because it was too low. It was for a 1961 Canadian mint set. Not huge dollars in any case, but I offered what I thought was fair based on my research. There was no auto decline on the auction and they could have simply declined or countered.
It wasn't 5 dollars ( I don't recall the actual amount) but I found it odd they took the time to call me out on my offer. Some people do get upset. I always look at the sold listings and come up with a number that is in line with what it is going for and have been thanked by some sellers who recognized that.
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Pillar of the Community
United States
3477 Posts |
I don't know that there's a right/wrong answer to this question. The seller knows what they need and the bidder knows what they are willing to pay. If the two parties can agree somewhere in the middle, the deal is done. If either side is too high/low, the deal won't happen. There's nothing personal in setting a price or countering that price with an offer.
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Pillar of the Community
United States
1475 Posts |
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I don't know that there's a right/wrong answer to this question I agree. We've all seen ridiculously high prices in ebay. I recently saw a thread where large copper was listed somewhere around million dollars. Some suggested it might be worth 10 grand, which is 1%. I know this is an extreme case, but you can't put a limit on what to offer. There are both crazy sellers and buyers, so no need to get offended. - you just move on. |
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Pillar of the Community
United States
7375 Posts |
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I once had a seller tell me my offer would get me blocked by other sellers because it was too low. Had a seller block me for just that reasom, because my offer was to low. Trust me it wasn't THAT low, plus sellers can automatically reject. Soooo..... I went to my other ebay account and offered them a 'little' more and they accepted the offer   people. |
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Pillar of the Community
United States
5825 Posts |
I list coins at slightly under retail.
Then my Best Offer is set at dealer-to-dealer (greysheet).
That generally works out to be about 80% of wholesale.
I also make that my automatic minimum.
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Pillar of the Community
United States
2917 Posts |
kanga, I do the same... I'm not sure if you all know, but the days of "lowballing" are now effectively over if you want them to be. With ebay's new enhancements, you can now set a minimum offer on all of your listings! I asked ebay for this feature about 10 months ago, and now it is reality! Hallelujah!  For all of my items, I've set the minumum at 75% of my asking price. Anything below that figure will be automatically rejected. In this example, my asking price is $7.49, my minimum of $5.62 is 75% of that price.  CRH Nickeloholic. 1,600,000 nickels searched in eight years! Have found FOUR complete Jefferson sets!
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Replies: 28 / Views: 5,858 |
First Page
Posted 07/01/2017 10:02 pm
