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 Replies: 21 / Views: 6,340 |
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Valued Member
United States
357 Posts |
I have a coin on ebay with a faily high reserve and I noticed that out of three people that bid on this coin two of those people were knocked out after just $11.50 I used the term bottom feeders because I heared it before and I don't know how else to state it. I was just wondering If anyone here can explain or have any Idea why they do this if you know that the coin will sell for much much more then they bid. Anyone? |
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Moderator
 United States
6563 Posts |
It's a normal thing. If there is a coin that I want I'll bid on all of them that I find with a a lower bid then it will normally go for in hopes that I win it out of dumb luck Worked before  |
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Pillar of the Community
Canada
4227 Posts |
It's also a way of "watching" the auction instead of putting in your watched items. A low bid that won't win will keep it in your active list in case you want to bid later if the price stays down.
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Valued Member
 United States
357 Posts |
GraceOutcast you missed what I was saying  there is a reserve on the coin. that is why I don't understand why people still put a very very low bid, another words, why put a $10.00 bid on a 1913 V nickel so to say with a reserve. Edited by norseman012
03/24/2009 11:30 pm
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Moderator
United States
6563 Posts |
Quote:
you missed what I was saying Not really. Reserves don't matter. If you throw enough darts you will eventually hit somethin |
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Pillar of the Community
United States
7840 Posts |
I do this all the time, place a minimal bid to keep it listed on "My ebay", and to show interest in the item. I am well aware of the reserve option, and it's just my way of saying to the seller "there is interest for the item, and I am watching".  IMHO, I usually don't bid on something that I have no chance (don't have much to spend) of winning. Back in the old day's, I used to try and strike a deal (off-line) with the high bidder and offer to "split the difference" between their high bid and the reserve (the absolute minimum I would accept). It paid off quite a few times, in the past. But I don't practice this anymore. Hopefully I have grown up some. You win some and you lose some. Reserve amounts protect your investment. Some people like to play games, and tell their friends that they were in the running by bidding on a MS-65 1912-D Liberty nickel, and try to impress their friends.  success, |
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Moderator
United States
6563 Posts |
I personally don't understand why anyone would use a Reserve. Start the listing at the absolute Lowest you are willing to accept for the item.
Best way to run Any auction is to start it at a cent and more people will bid. A reserve only makes people shy away from an auction. Almost all eBayers want to pay what they think it's worth or what they can get it for....not what the seller's expectations are
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Pillar of the Community
United States
7840 Posts |
 Well said! success, |
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Pillar of the Community
Spain
1361 Posts |
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I personally don't understand why anyone would use a Reserve. |
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Valued Member
United States
357 Posts |
First I would like to thank everyone for their help. what I listed is not a u.s. coin and it would not sell as well. I don't really want to sell it but I'm in the pinch for some extra cash and I can replace it at one grade lower for much much less. And if I can not get what I a'm looking to get knowing that this coin as sold twice in the past for such moneies then I would rather keep it then give it away. their was only 13 graded at PF70. Again Folks thanks for your help.
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Pillar of the Community
United States
2049 Posts |
Quote:
I personally don't understand why anyone would use a Reserve. Start the listing at the absolute Lowest you are willing to accept for the item.
Best way to run Any auction is to start it at a cent and more people will bid. A reserve only makes people shy away from an auction. Almost all eBayers want to pay what they think it's worth or what they can get it for....not what the seller's expectations are Well said...I have a buddy who sells the same kinds of stuff on ebay that I do. He was always putting reserves on the items (and too high for that matter) and then complaining that he couldnt get anything sold. The kicker was that he was paying the reserve listing fee, and when his item didnt sell, the listing fee stuck (I think it gets credited if the reserve is hit?). I kept telling him to start at either 99 cents or $9.99 and let the bidders go crazy. |
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Forum Dad
 United States
24173 Posts |
Reserves are worthless. Why would you want to pay ebay a fee for not finding you a buyer? As said, start it at the absolute lowest you'll accept if your scared and keep your fees. There's no reason to use a reserve unless you're trying to help the ebay execs upgrade their liquor cabinets. |
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Valued Member
United States
357 Posts |
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Rest in Peace
United States
1729 Posts |
On the other hand ... not long ago I picked up a 1988 proof set for 99 cents. I was seriously bidding on another lot by the same seller and just popped in a low bid for the heck of it on the proof set. The seller was good-natured about me stealing it from him, though.
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Pillar of the Community
Canada
4227 Posts |
Did you try selling the coin here?
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Valued Member
United States
357 Posts |
No cheqeur, I just put it on ebay |
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Replies: 21 / Views: 6,340 |
Posted 03/24/2009 11:23 pm
