Did I just make a big mistake?

Check out this link before you read on

http://m.ebay.com/itm/251926505482

(Sorry it's the mobile site I'm on my phone right now)

It just hit me that this could sell for 99 cents! That's less than face! I still have time but I don't think their is much interest in it because I can't find any others out their! Has this happened before to you guys? What's the best thing to do? Thanks for any help!

 

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Nearly 6 days left. Not to worry, someone will bid it up.

 

Agreed. It will be bid on. But my Father has gotten many coins for less then face. Mostly dollars.

 

Go to "Watch Count" and enter the item # to see how many people are watching the item. This will give you some idea of the interest in it.

http://www.watchcount.com/

Chris

 

As always, great advise by Chris......

 

Nobody is getting this for less than face. With $2.68 shipping, the current high bidder will already be paying almost 3x face.

Is a slabbed set of clad proofs worth more than 3x face? Not to me, but if somebody was willing to pay the original slabbing fee for these, someone else may be willing to place a bid that would surprise me.

 

There's a lot of stupid is as stupid does out there Jeff......

 

Just got a bid of $1.04. Still under face but does show activity. If that was one of you guys thanks.

 

The answer, of course, is to START the bidding at a level where you would be willing to sell. What are you trying to accomplish with such a low starting bid?

 

I took a quick look on ebay. There are three sets for sale. One guy has two with $80 or best offer, the other one has a buy it now at $138. I would just let it ride and you can always kill the auction if it doesn't get close to what you want.

 

A big mistake? No... at least not for the stated reason anyway. However, depending on how much you need or expect to get out of it, perhaps it was a mistake. As mentioned in your other thread, you are at a disadvantage because of the zero feedback, and it is likely that someone who would have otherwise bid will be scared away by it. A low opening bid does not mean there is great interest in it or that all will turn out in your favor. If this is an item you need to pocket (as an example) $5 to break even on, after fees and expenses, you must understand that it might not happen, and this is why you might be better off starting out with widgets you're either okay with losing on or simply won't lose on until getting a better feel for what you are doing. Everyone makes mistakes, and if you're going to be a seller starting out without a great deal of knowledge, you are likely to make a lot of them.. if not with this listing, perhaps with the next. Take your time, don't rush things, think before you act/buy/sell, and never make assumptions. One way or another, this should be a good learning experience for you.

 

When I first started selling, I auctioned off a few cheap items at low starting bids, and lost a little money. But I got a handful of positive feedbacks, so potential buyers would have some confidence in me on pricier items. If you look at it that way, no mistake.

 

Exactly. There's also the very distinct possibility it will go for a nice price. I've seen a lot of auctions start at $0.01 with no reserve and end up selling for hundreds.

Don't worry about it. Worst case, you won't lose very much money, and you end up with a positive feedback.

 

The way to accumulate Feedback early-on is to buy on eBay what you normally buy from Amazon, provided it's free shipping. Besides, this crazy eBay policy of "no Negatives" screws everything up anyhow.

 

I just helped boost it a bit for garnering some more bids.

 

Frenzy of activity in the last couple of minutes. Up to $5

 

Was it you who just bid, if so thank you. Let me know if you win I'll throw in some extras.

 

It's ebay; bidding will happen at the end. Chillax.

 

I don't collect state quarters but I'll bid it up to $7 to help you out .

 

Well it only went to $5.50 . But at least it shows you have some interest . Plus John Anthony said , it's a good way to get some good feed back .