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 Replies: 9 / Views: 1,505 |
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Pillar of the Community
United States
759 Posts |
I was wondering if anyone would be willing to share their approach to "Make an Offer" transactions? I realize "it depends" might be the primary answer, but there must be some general approach you could comment on. For example, do you generally offer no more than 70% of the BIN price? Ever low ball at say, 50%? Do you get negative reactions to anything less than x%? I'm very interested in the thought processes behind extending your first offer. Comments from Make an Offer sellers would be welcome as well. Thanks.
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Pillar of the Community
United States
3592 Posts |
I offer enough so that if I had to sell next month, I could get back my money and selling fees plus 5% profit. With silver or gold I go by the assumption that spot price changes are my assumed risk.
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Pillar of the Community
United States
1283 Posts |
Personally I look at Graysheet plus closed auction prices. I then offer what I think is fair market value based on the grade and eye appeal. Almost all BIN and ebay store price are way over the top. |
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Pillar of the Community
United States
1213 Posts |
I check the price guides and try to offer a fair price, but it's not a set 70% or 50% off ask price.
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Bedrock of the Community
United States
14454 Posts |
I agree, I also just check what the coin is worth and offer that amount. I am not out to try and get a rip from people, if I want the coin I am willing to actually pay what its worth. Some BIN's are way over priced and some are close to what its actually worth, you have to see what its worth to you to own that specific coin and go from there
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Bedrock of the Community
United States
10284 Posts |
I like a great deal like anyone else, I think most of the people who use "Make an offer" already have the "Buy it now" figure inflated enough to give you about a 10 to 15% discount and then they are happy and the buyer thinks they did get a better deal.
The bottom line is, what are you willing to pay, figuring the insurance and shipping into the deal, and go with that. If you bid too low and it is automatically rejected, you only get two more shots at low-balling the unknown acceptable offer that day before you get cut off. So keep that in mind before you offer 50% then 60% and only have one more shot at it.
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Moderator
 United States
15414 Posts |
 with everything stated above. Bottom line it all comes down to your research and knowledge of the coin in question and price it should sell for. As Brian stated ..... Quote:
I am not out to try and get a rip from people ... I emphasize that for me this is key and I try to be fair in my offerings. Sooo .... if I like a coin at auction and know for fact from my research that it is worth $200 ..... then I offer $200 ..... regardless if the seller is asking $300. I always take the time to politely explain my position and usually win the coin at my offered price. David Take a look at my other hobby ... http://www.jk-dk.art |
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Rest in Peace
United States
5375 Posts |
I'll offer close if I really badly want the coin for type, otherwise I avoid BIN's almost always.
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Valued Member
United States
307 Posts |
My learning curve needs some fine tuning when it comes to Make an Offer listings. Before the rise in silver and gold prices I felt that I could offer Blue book less 20or30%. Some of those offers were accepted. Now it is crazy. It all depends on gold and silver prices. The old urge of when I see it I will get it returns, Such is Life. Good Luck!
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Pillar of the Community
United States
1659 Posts |
If the BIN is what I feel to be way out of line, I generally won't bother with offers.
If the BIN is close to what I'm willing to pay, then I'll make an offer for what I'm willing to pay...nothing more...nothing less.
They'll either accept the offer or they won't. If they don't, that is OK, I simply move on to the next. I find that my offers get accepted a good majority of the time.
Sometimes, the BIN is what I'm willing to pay or even less. In that case, I don't mess with offers. I just BIN and snag it before someone else does.
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Replies: 9 / Views: 1,505 |
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Posted 12/27/2010 7:45 pm
