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 Replies: 18 / Views: 3,785 |
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Valued Member
Canada
67 Posts |
Hi There!
Just wondering what is the best price to start a coin auction at. Obviously it can vary dependent on the value of the coin but it seems like the auction has to be set an an "appropriate" starting price to get the ball rolling, any tips to a newbie on how to being pricing each item?
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Pillar of the Community
United States
1298 Posts |
Take a look at "prices realized" on ebay. There you can get a good idea on the selling price of your coins. A little advice, if you don't mind. Excellent photos will be of great value, along with detailed descriptions. Don't "brag" about your coin, just describe how the coin looks and any specific variety information if that applies. Good luck. |
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Rest in Peace
United States
17900 Posts |
If the value is $50 or more, start at .99 cents with no reserve and they will usually do just fine.
If it's less than that, you really need to check past sales for each coin.
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Valued Member
 Canada
67 Posts |
Awesome! I never would have thought of this. This is really great help
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Bedrock of the Community
13014 Posts |
Quote:
f the value is $50 or more, start at .99 cents with no reserve and they will usually do just fine. Expensive items from a brand new seller with a .99 start price and no reserve almost always sell for pennies on the dollar |
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Pillar of the Community
Canada
586 Posts |
Is it worth selling for less, just to get some good reviews so you can start building your profile. I have posted a few items on ebay with no success. Some of my items at below face value and still no bids. Example: FV $200 silver coin Canadian, I have listed at $160 USD. No takers. If I list it at .99 and it sells for $20, is it worth the sacrifice for future potential sales. How much is that ebay rating worth to a potential buyer. I currently have a zero score. I've invested in a good camera, so pictures are good. Whats your take on selling for less to start. |
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Pillar of the Community
United States
7840 Posts |
I have been " taken to the cleaners" too many times on ebay auctions as a seller. I list items as a Buy It Now with a Best Offer available on most of my listings. I incorporate a small buffer into the price for haggling. There are times when the right buyer does not come around right away. Edited by oih82w8
09/19/2017 08:55 am
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Pillar of the Community
United States
6130 Posts |
 Unless you are selling Morgans or junk silver, start bidding at the minimum you will take for a coin. If you want to get a whole bunch of feedback, buy a bulk (10+ pound) bag of world coins and sell them like 25 at a time. Your losses will be minimal and you will get plenty of good feedback. You can also salt in some junk silver to get a few followers. Selling big bucks coins as a newbie can lose you a bunch of money. I once saw somebody sell a Japanese 10,000 yen coin (worth $150, spendable for $100 face in Japan) for $52. IMO, a single feedback score is worth like a 25-50 cent loss, tops. |
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Pillar of the Community
Canada
586 Posts |
I recently bought some Canadian 50cent coins in bulk with dates ranging from 1900 to 1930's. They are ungraded, but I can estimate they are all in low grade. I'll try your suggestion with these coins. Would you suggest leaving them loose or wrapping them the standard white cardboard covers identifying the dates.
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Bedrock of the Community
13014 Posts |
Also remember you may not get feedback every-time, definitely don't take huge hits trying to get it. If you really need it buy a bunch of cheap stuff to build it up some. Given the buyer protection they have the feedback thing is dumb to me but it definitely will help some having some feedback over a 0 when trying to sell.
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Pillar of the Community
Canada
586 Posts |
I have posted my 50 cent pieces (14 of them for .99) only two days left and no takers and no watchers.
What could be the issue. Shipping is set at $16.
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Pillar of the Community
United States
711 Posts |
It sounds like the coins aren't worth $17 US or CAD per the market.
I'd list at 99 cents and free shipping.
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Pillar of the Community
Canada
586 Posts |
14 X Canadian 50 cent (1940-1966) ( 142518737041) US $0.99 C $1.24 + US $20.00 C $25.01 shipping 30/09/17 They are worth more, they are silver coins, melt value alone is $5/each. I do not recommend posting for .99 on ebay. |
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Pillar of the Community
United States
992 Posts |
Your problem is your shipping is $16 for $15 in goods. I pass on bids for items where the profit seems to added to the bid via postage.
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Rest in Peace
10197 Posts |
Selling across the border hurts because of shipping / customs. I generally don't sell US to Canada unless stated that extra fees apply international then base what I spend on "free US shipping and add the difference. Any other way you lose, period. I have found that when incorporating shipping within price Items are tougher to sell. Once I started the Ad gimmicks of $15.97 plus $7.15 shipping US, items began selling. If I asked $24 ship included, no sale for three months. Buyers are fickle, see the lower pricing and seem to ignore shipping, unless it is international, I send small bubble mailers to Canada for $9.50 through customs, why $16? Pretty high.
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Bedrock of the Community
13014 Posts |
Quote: I do not recommend posting for .99 on ebay. Completely agree. I would never even consider selling something there in that manner unless it was a bullion product and even then I am not sure I would trust it at this point. |
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Replies: 18 / Views: 3,785 |
Posted 09/17/2017 01:17 am
