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36 Bucks? Are You Serious?

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Pillar of the Community
tights24's Avatar
United States
2254 Posts
 Posted 08/30/2010  07:58 am  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
Shadow, it looks like you have bids now, so I don't think you can change anything in the title, but you really should compare your next batch with Bobby's suggestions to what this batch sells for. Definitely add "coin", "silver", and maybe even "rare" if you have room.

Good luck.
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KenKat's Avatar
United States
4085 Posts
 Posted 08/30/2010  09:27 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
Here's some suggestions:

1) I think your ending time on this auction really hurt you. 11pm Eastern on a Saturday night is not a good time. I think 7-10pm Eastern on a Sunday night will give better results. People are busier on Saturday night
2) I think your titles could be better. "Old" and "United States" add nothing to the mix. Even though technically correct, I would use "XF" and well as "EF" - anyone searching for XF didn't see your coin.
3) I think your description section is way to wordy. I'd remove the "A bit about me" section - it's too much to read. I'd format your description to catch the reader and be easy to read. For example:

Very nice 1858-O Seated Liberty half dollar in VF-35/EF-40 condition.

Nice crusty problem free coin!

Great addition to a type set or seated coin set!

I guarantee satisfaction, and if you are not absolutely satisfied with your purchase, you may return this item within 14 days for a full refund.


4) The one bad deal hurts some - some may see the 99.2% feedback and look away. I don't think trying to explain what happened helps - if someone gets past the initial look, they will see from your feedback that it was just one bad deal.

Unfortunately, ebay's a real crap shoot sometimes - you just never know really...

Ken
Edited by KenKat
08/30/2010 10:56 am
Pillar of the Community
mycrob's Avatar
United States
2602 Posts
 Posted 08/30/2010  10:13 am  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
I agree with Bobby, you title is what clobbered you. Summertime blues also playing a role and weak economy. I am picking up a lot of bargains lately myself.
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weerdsteev's Avatar
United States
1291 Posts
 Posted 08/30/2010  12:12 pm  Show Profile   Bookmark this reply Add weerdsteev to your friends list Get a Link to this Reply
Shadow: You probably don't want to hear this, but it IS possible that there are snipers out there who are using some type of last minute sniping program and are simply entering ridiculously low bids. There might have been a couple bidders who tried to snipe it at $35.00 or $36.00 that you don't know about simply because their bid was too low to register.

I agree with Bobby that your title sucked and with KenKat that 11:00 PM eastern time is too late. Best to keep it between 9:00 and 10:00.
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SsuperDdave's Avatar
United States
23522 Posts
 Posted 08/30/2010  12:40 pm  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply

Quote:
and with KenKat that 11:00 PM eastern time is too late. Best to keep it between 9:00 and 10:00.


That leaves the ending during dinnertime on the West Coast. Too early, in my opinion.
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KenKat's Avatar
United States
4085 Posts
 Posted 08/30/2010  12:50 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
If you do 10:00, that's 7:00 Pacific. Given the average age of the coin collector, that's plenty of time for the AARP 4:30 early bird special at the local buffet!

I auctioned a few things off recently and had good luck with 7:30 Eastern. That's after dinner on the east coast and before dinner on the west.

I think if you go much later than 10:00 eastern you start to lose those bidders.
Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 08/30/2010  1:17 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
Alright guys. Good advice.

Funny thing is, I find a raw 1860 Seated Liberty half dollar. Probably worth about $220 maximum. People aren't bidding.....RIGHT? So I enter $180 because I actually liked the coin (good+ eye appeal but not FANTASTIC) and thought maybe I'd plop it in that type slot for awhile if it turned out nice. The coin is at $66 and theres no WAY that it's going to jump over that....RIGHT? 95% when its a raw coin and I bid this high at an off time I win it. Nope. Of course, whenever I actually want it for type, there's some guy who makes it jump from $100 to $190 : (
Edited by coinguybrian
08/30/2010 1:22 pm
Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 08/30/2010  1:18 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply

Quote:

Shadow: You probably don't want to hear this, but it IS possible that there are snipers out there who are using some type of last minute sniping program and are simply entering ridiculously low bids. There might have been a couple bidders who tried to snipe it at $35.00 or $36.00 that you don't know about simply because their bid was too low to register.
I imagine though that there were not. If there were, seems that they would be probably more around $50 or $60......on $80 coins when I'd try to snipe at $45 or $50 I'd often see sniping to $60 or $65 at least. My price threshold is usually lower than theirs and for that reason I lose more often than not. My other coins had no snipers either, when almost all my lots before did.

Neither did any of the other coins ending tonight from other sellers, apparently. Almost every single coin ending that night got absolutely creamed. That seemed to be the issue more than anything, so while I'll take a lot of these suggestions, hopefully my next batch does better.

Edited by coinguybrian
08/30/2010 1:23 pm
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MINT_MARQ's Avatar
United States
1000 Posts
 Posted 08/30/2010  2:01 pm  Show Profile   Bookmark this reply Add MINT_MARQ to your friends list Get a Link to this Reply
Hi Shadow,

Not saying you should change this because I respect your honesty, but I believe that most ebayers are skeptical. Meaning if it says "original surface" they think "maybe cleaned". If it says "old cleaning" or "possibly dipped" they think "sand blasted and soaked in acid". Also, given that it seems most ebayers like shiny coins. Calling it crusty makes us CCF members , but ebayers might think...illl gross .

You may be too honest and descriptive for your own good. Giving it a grade with a return policy might be enough for ebay purposes.

Just a thought.
Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 08/30/2010  2:47 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
I think I'm probably going to eliminate the description in my last round. It seems that the more you write, the more they're suspicious of you, when the opposite is often true = ( Still, I hope I do more comparably to the last auction round before the one Saturday night. That wouldn't be too bad and I need the money. What is a normal number of watchers for a mid level type coin 1-2 days before auction end? I want to know if I'm getting enough of these also.
Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 09/10/2010  10:19 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
Watch out for Friday night, guys. I learned this the hard way....again. 17 watchers, 200 views, and zero snipers. Insane. fortunately I had very little in the coin but it was a huge letdown to have an ending bid of $67 (with free priority shipping AND insurance, ugh) instead of the expected $120-$140. I kind of had an inkling that it wasn't a good idea but I just had to test it out. Looks like I was right. Just wish I had tested it out with something other than a really nice barber half.

On the upside, I made about $300 on my last round with the better titles, so it's not all negative. They seemed to help but the biggest problem seems to be that friday and saturday nights are just horrible times to list.
Edited by coinguybrian
09/10/2010 10:23 pm
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wheatguy's Avatar
United States
1534 Posts
 Posted 09/10/2010  11:13 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
Sorry to hear about your losses, but good thing you made some money on your recent sales. I sold most of my collection due to some other situations and I kinda wanted to start over, and here's how it went. I sold about $350 on ebay since I sold most of the coins on other venues, and as for the ebay auctions I did pretty well. I have no idea what my reasoning was back then but I ended most of the auctions at around 4 PM on Saturday, and I seemed to do better compared to previous experiences by putting less in the description and using all caps titles. I made solid profits on most, except I lost almost half on a 1921 SLQ but I somewhat expected that since I cracked it out of the PCGS slab.

After factoring in all costs, I made a slight profit, so I was pretty happy. Here was my most profitable auction percentage wise, given that I paid $15 for the coin.

http://cgi.ebay.com/ws/eBayISAPI.dl...t_572wt_1057
Valued Member
John R's Avatar
United States
66 Posts
 Posted 09/10/2010  11:18 pm  Show Profile   Bookmark this reply Add John R to your friends list Get a Link to this Reply
Always heard that Sunday afternoons/evenings were best. also short and on point descriptions and quality pictures. (which sounds like a summary of what is posted above.

Might add more about 'looking at your other listings.' Being able to bundle 2-3-4 items in to one package is always a nice extra bonus... Listing like items together to end on the same day always helped. not only for shipping, but upping bid, as the buyer wants to be able to combine shipping, so they will bid a little more.

Rest in Peace
coinguybrian's Avatar
United States
5375 Posts
 Posted 09/11/2010  12:02 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
I'm not going to disclose exactly how much, but I made heavy profits a few times. It seems like its do-able, you just have to get the timing right because regardless of the number of watchers, most bidders bid last minute and if they're out, the coin will go absolutely nowhere unless its a highly sought after popular key. Adding a note about combining shipping is probably a nice idea.
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vermontensium's Avatar
United States
16679 Posts
 Posted 09/11/2010  12:13 am  Show Profile   Check vermontensium's eBay Listings Check vermontensium's eCrater Listings Bookmark this reply Add vermontensium to your friends list Get a Link to this Reply
I always do a 10 day starting on Friday that way it gets both Saturdays and part of second Sunday. Just my Two Cents.
swcoin.ecrater.com
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