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Another Auction Autopsy Thread!

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coinguybrian's Avatar
United States
5375 Posts
 Posted 09/15/2010  10:29 pm Show Profile   Bookmark this topic Add coinguybrian to your friends list Get a Link to this Message Number of Subscribers
Have some more questions, since I'm still new to this selling thing and like to figure things out. While it does appear some of this is based on luck (in this case, bad luck! http://cgi.ebay.com/ws/eBayISAPI.dl...RK:MESOX:IT)

...I consistently only got 30 dollars or less w/ free shipping for my lots of 100 dated (described as 'many full dates' and 'all have dates') Buffalo nickels.

This just seems low, especially taking into account fees and priority shipping, I'm not getting much but thankfully one guy bought a lot of lots so it will hurt less. Often barely more than dateless nickels go for.

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MESOX:IT

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MESOX:IT

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MESOX:IT

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MESOX:IT

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MESOX:IT

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MESOX:IT

http://cgi.ebay.com/ws/eBayISAPI.dl...TRK:MESOX:IT

etc

The $24.50 was laughable, because that's less than 5 face! Including shipping, possibly as low as 4 face. What are they assuming, that these are all dateless or something? Based on the realized prices, it almost seems like that.

Anyway, what should I do? Better closeup picture? Charge for shipping? Thanks. I have a lot of these to liquidate so I only listed about 10 lots to make sure I didn't get burned too bad if the bidding was sluggish. Seemed like a good plan.
Edited by coinguybrian
09/15/2010 10:30 pm
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AndrewC's Avatar
United States
335 Posts
 Posted 09/15/2010  10:52 pm  Show Profile   Bookmark this reply Add AndrewC to your friends list Get a Link to this Reply
Is 5X face really so bad? My dealer sells circulated, readable-date buffaloes for 20 cents each.
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coinguybrian's Avatar
United States
5375 Posts
 Posted 09/15/2010  11:01 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
I mean, there are a considerable amount of nicer coins in the batch. If they're just really worn out, barely partial date thats one thing, though I've heard more along the lines of 40-50 cents for decent ones.

Maybe I should put the approximate grades?
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carmykle's Avatar
United States
2448 Posts
 Posted 09/15/2010  11:04 pm  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
You photos could be better. Most of the coins in your stock photo appear to be dateless. You can say that they all have dates in your description, but most people shop with their eyes.

Sight is the most powerful of your senses. That is unless you're sitting next to me and I'm eating a hard boiled egg and jalapeno enchilada.
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macmercury's Avatar
United States
5837 Posts
 Posted 09/15/2010  11:53 pm  Show Profile   Bookmark this reply Add macmercury to your friends list Get a Link to this Reply
I sold a set of 1992 6 coins Olympic set not long ago on ebay for $687, free shipping, with all the fees added from Paypal and ebay, I think the final realize prize was around $593. That's close to $100 in fees and free shipping. :{
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coinguybrian's Avatar
United States
5375 Posts
 Posted 09/16/2010  12:40 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
How can it be that high? The total % is usually about 13% after shipping. carmykle, you're probably right, and I've noticed that with other auctions. I'm going to try to take better better photos that show the dates better. I think a lot of those were actually part dates but from far back they look dateless.
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coinguybrian's Avatar
United States
5375 Posts
 Posted 09/16/2010  01:40 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
I really was surprised on the 1835 quarter though. Bust quarters seem highly sought after compared to seated, and I always get outbid on them. I expected at least $200 and I had paid $180 for the coin. Well, to make up for it my Walking Liberty half and 2 cent piece both finished higher than expected, but still, I would have expected a different coin to finish low.
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BH1964's Avatar
United States
10982 Posts
 Posted 09/16/2010  02:15 am  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
I would include the dates of the Buffalo nickels and sell them in smaller lots of maybe 30 to 40 pieces. Pictures of each are not needed but a group photo of each surface might help. They should bring 50 cents each IMHO. A 40 piece auction with dates/pics/$20 start should get some bids.

Your 1835 Bust quarter went cheap. Barely VF money. It looks like a $200 coin, $300 if it's in a problem-free slab. Again the economy is hurting and Christmas shopping season hasn't started yet for most people.
ANA #R3154474
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coinguybrian's Avatar
United States
5375 Posts
 Posted 09/16/2010  05:13 am  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
Yeah, I just tried the rapid listing because it seemed easier, but I may get more out of them if I list them like that. I'll try it that way for my next batch. I got $305 for an 1872 2 cent piece in VG- with some glue residue on the back. Honestly I expected about $240. Weird how things work out the opposite of how you expect. I doubt the bust quarter would have slabbed problem free; it looks cleaned on the obverse in hand but still...I almost never see coins of this series going cheap.

When does the Christmas shopping season start. November?
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KenKat's Avatar
United States
4085 Posts
 Posted 09/16/2010  09:23 am  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
These are interesting threads...

I'd spend some time looking at completed listings as a comparison. On the bust quarter, here's a couple I looked at that ended near yours as a comparison:

Another-Auction-Autopsy-Thread! $204.17 - http://cgi.ebay.com/1834-XF-BUST-QU...em483c4ac8cd

Another-Auction-Autopsy-Thread! $65.00 - http://cgi.ebay.com/1833-CAPPED-BUS...em5d2b0d2c86

That's the competition and perhaps it set your price at that point in time as your's ended up in the middle.

On the buffalos - one thing is that they all ended close to each other, so you may have saturated the market. There's only so many people looking for a lot of 100 buffalos at a given time.

Also, if there's nicer grades in there, I would separate them out and list the dates. So, sell a lot of 20 (or 40 or 50) VF or better, a lot of VG-F, a lot of G+, dateless, etc. I think people are paying dateless money because they don't know what's really in there and probably pleasantly surprised when they get the lot. I know that if I bid on a lot and can't tell grades or dates, I typically bid "worst case" - i.e., common date G-4 prices.

All that said, I'm no expert and sometimes it's just how the fates fall on ebay.

Ken
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carmykle's Avatar
United States
2448 Posts
 Posted 09/16/2010  11:38 am  Show Profile   Bookmark this reply Add carmykle to your friends list Get a Link to this Reply
That was one sixth of the total transaction Mac. I had no idea it was that expensive. No wonder that California woman running for office could afford to pay 100 million dollars+ of her own money for her campaign. Oh, once upon a time, she was the CEO of ebay.
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mycrob's Avatar
United States
2602 Posts
 Posted 09/16/2010  12:06 pm  Show Profile   Bookmark this reply Add mycrob to your friends list Get a Link to this Reply
My feeling is that common Buffalo nickels, wheats , Indian Head cents and related is becoming more plentiful on the market and things are softening a little, plus the fact that the economy is causing people to buy less. Wait another month or so and things should pick up for the holidays.
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wheatguy's Avatar
United States
1534 Posts
 Posted 09/16/2010  6:02 pm  Show Profile   Bookmark this reply Add wheatguy to your friends list Get a Link to this Reply
I agree that slightly better pics would help, and all Caps titles seem to attract more buyers. Also, having a specific background color for individual coins might help, i.e black or white for all coins.
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Wei Fun's Avatar
United States
244 Posts
 Posted 09/16/2010  10:27 pm  Show Profile   Bookmark this reply Add Wei Fun to your friends list Get a Link to this Reply
Personally my guess is the wording "Earlier/better dates will often come with partial or weak dates", I think cynical buyers, used to rip-off artists (given how many there are), expect most of them to be weak/partial in the lot. I advise selling them in separate groups - full date ones where the listing clearly says !!FULL DATE!! as emphatically as you can, and another that emphasizes earlier/better dates (and makes clear they'll be partials).
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coinguybrian's Avatar
United States
5375 Posts
 Posted 09/16/2010  11:26 pm  Show Profile   Bookmark this reply Add coinguybrian to your friends list Get a Link to this Reply
That makes sense too, I wasnt sure about that.
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tights24's Avatar
United States
2254 Posts
 Posted 09/17/2010  08:34 am  Show Profile   Bookmark this reply Add tights24 to your friends list Get a Link to this Reply
Shadow, you need better/more pictures. Like someone else mentioned, you are only showing a few on top and I see no real nice date examples. Also, make sure there is variety in your pics. They almost look like "stock" photos, and lots of buyers will be skeptical since folks will show some nice coins and you will end up getting junk with what you don't see. Try to list all dates as well for those looking to fill specific holes. I know it's 100 coins, so maybe trim it down to 50 and show obverse and reverse of all coins. A variety will help those folks looking to start an album or a YN.

Make sure your titles include US coin, buffalo head, nickel, five cent, etc to capture the largest search audience.

Just my opinion of course.
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