What's going on with great collections?

Lately everything (or at at least what I collect), is being listed at exactly retail value.

There is a 1905 Canada 50C in VF-20, which is worth $850 problem free, however this one is cleaned and they are asking $500 starting bid.

Coins listed at 99 cents on eBay have no problem realizing full value.

I know people can ask whatever the want, but what's the point of an auction if the starting bid is full value?

The point of an auction is to start low and go from there, but there is nowhere to go if the starting price is so high. Often these coins get 1 bid, or no bids at all.

Not understanding these "buy it now auctions".

 

Log in or Sign up to hide this ad.

If the starting price is too high, then don't bid. I start my auctions at the minimum price I'm willing to sell it for. If I don't get any bids, oh well.

 

Why feebay sucks too you need a seperate auction site and a seperate for sale but it now site I like real auctions with a reserve if nessicary posted you wanna do it right go to ha I love that site I just spend too much money there

 

Your correct on that one, but why constantly list things for auction if your going to ask what they are worth? That's not the reason for an auction.

How would you like it if you went to a real coin auction (like Heritage or Stacks), and every coin was started out at exactly pre-auction estimate?

That would take the fun out of it really quick.

Auctions are not fun if you bid once and that's it.

 

Because dealers want to sell full retail to collectors. That is how they stay in business. Do you know another way that coin dealers can stay in business with out buying low and selling high.
Great collections list coins at the prices their cosigners tell them to.

Do you listen to yourself? Your complaining that people are trying to sell coins for what they are worth. How dare they.

If you win the coin at a price your happy with, why does it matter how many times you bid?

 

I can almost guarantee you if Coke stopped advertising for one solid year, the loss in sales would be a fraction of what they spent for advertising.

 

They pay executives and actuaries millions a year who beg to differ. I'm interested how you came up with your data.

 

Are you buying Coke below retail?

 

It's pretty simple Tim. When you start and auction at $0.99 there is a risk the item won't reach what you need to make a profit. Sometimes this is worth the risk by certing sellers (and on certain items) because often "bidding wars" will drive the price even higher. But, if you don't want to take that risk...you start the auction at the minimum price you will accept.

I would argue that sites other than eBay are higher risk to start at $0.99 because there are less bidders there.

 

I think the problem is that sellers on ebay have shifted to high minimums and are putting the coins up fore more than they are worth, to cover the fees. I think this is evident in the number of auctions that pass with no bidders. These days if you watch the auctions ending soonest the large majority go unsold. You can watch coin after coin with retail prices and no bids; but start a little lower, get interest and that coin will sell for more than expected. I think it's just frustration on the part of sellers who don't know how to work the system with opportune ending times and combined shipping etc.

 

I HIGHLY doubt that.

 

WHY. ARE. YOU. ARGUING. WITH. HIM.

IT. IS. HOPELESS.

 

I like the "buy it now" better than auctions. Saves time, and no over bids due to last minute panic.

 

He bent over and pulled it out.

 

and he never learns, improves, or realizes. these threads and posts tim puts up arent really asking a question, it is him venting his anger that he cant 1) buy everything he wants cheap 2) sell everything he wants extremely high 3) misunderstands why people he tries to scam leave him negative feedback 4) i dont have time to keep going....

 

Why do you feel the need to save us from Detecto? If we want to discuss things with him...and you don't, then ignore him.

 

save you? really? i kinda wish you would ignore me.

 

Sorry...I have never used the ignore feature on a forum and I have no plan to do so.

 

I don't buy into the notion that if someone sees a well-known product on TV, they are going to think about it.

I've never see a commercial for McDonald's, and had a sudden desire to hop in my car and go get drive-thru.

Then again, I'm not a sheep.

 

You see a well known coin, have a sudden desire to hop in your car and get it.

GUILTY ! coin sheep