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Question For Experienced Sellers

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USArmyParatrooper's Avatar
United States
1283 Posts
 Posted 06/14/2008  4:05 pm Show Profile   Bookmark this topic Add USArmyParatrooper to your friends list Get a Link to this Message Number of Subscribers
I just put up an auction for a 1972 DDO Lincoln, PCGS MS-65 RB.

I decided "what the heck" and started it at 0.99 cents (no reserve) and free shipping. It's a 10 day auction and as of now it's been bid up $203.51, well below what I paid. But it's also only been up for two days. Right now it has 31 people watching it (some may be from coincommunity because I posted it here.)

What is the norm for activity? Is it on the right track to sell for a decent price? My very first ebay auction was 99 cent no reserve and it sold for HALF market value. I believe that's because at the time I had zero feedback. So I'm just a bit nervous because it's not a cheap coin.

Thanks for any feedback.
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KurtS's Avatar
United States
5318 Posts
 Posted 06/14/2008  4:36 pm  Show Profile   Bookmark this reply Add KurtS to your friends list Get a Link to this Reply
Sean,
I've followed a number of 1972 1DO-001 auctions on ebay. Sometimes these start off slow, but pick up near the end. In your case, if I might suggest--provide a closeup of the date, and say something like die #1 in your listing. That should clinch things for bidders and get plenty of activity. If I recall, I've seen these sell in the past in PCGS holders for $650-700. Good luck!
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SeatedNut's Avatar
United States
2797 Posts
 Posted 06/16/2008  09:45 am  Show Profile   Bookmark this reply Add SeatedNut to your friends list Get a Link to this Reply
Sean,

The last five minutes of the auction should see a flurry of activity.
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TLS5933's Avatar
United States
1703 Posts
 Posted 06/16/2008  4:01 pm  Show Profile   Bookmark this reply Add TLS5933 to your friends list Get a Link to this Reply
I start 95% of all my auctions at .99 and have had the best response listing that way. The bidding is most active in the last 8 hours. And sometimes in the last eight minutes. I wouldn't worry to much about it.Certified coins usually bring what their worth or a little more.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 06/18/2008  10:53 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
To me, the important statistics up until the last minute of the auction are Watchers and Visitor Count. If you've got 10+ people Watching the auction, and your total visits reach 3 figures, you know you've got a winner.

A large percentage of Ebayers, especially the knowledgeable ones, snipe their bids. The people who have already bid the coin above $200 are the ones who don't know the system. They're useful, in that they force snipes to a little higher level than the sniper might have otherwise, but you won't know what the coin's true perceived value is to the people who know until the last few seconds.

I've been very pleasantly surprised at how my auctions finished, many times.
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USArmyParatrooper's Avatar
United States
1283 Posts
 Posted 06/18/2008  3:31 pm  Show Profile   Bookmark this reply Add USArmyParatrooper to your friends list Get a Link to this Reply
Thanks, Superdave. Right now there's 42 people watching so that sounds promising. I also linked it in the "Link your Auctions" forum on this site, so some of those numbers might be currious fellow coincommunity members.

I paid a premium due to the toning, and I'm just hoping I don't lose money. If I happen to make money that's a bonus. We'll see what happens.
Valued Member
United States
429 Posts
 Posted 06/19/2008  7:17 pm  Show Profile   Bookmark this reply Add penny pincher to your friends list Get a Link to this Reply
The other issue you may be having right now is your feedback number being so low. It seems that the higher the price the higher feedback number is expected. You may want to start buying some small cheaper things that you can find and try boosting your numbers a bit. I know that it will not help on this particular auction, but if there are that many people watching it I do not think you need to worry that much. Just like others have posted, the last few minutes are the major flurry of action and if it is above $200 already you have a few people that know the true value of it and are trying to scare off some of the 'bottom feeders' that think they can get it for nothing.
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