How to make sure your item sells below value.

How to make sure your item sells below value? List it for $10,795,000.00.

 

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Could you imagine if somone actually turned down 7 million?

 

What's really interesting is why people list that much for a coin in the first place. Someone told me it was for advertising purposes which doesn't really make sense but that's alright it doesn't have to. Whoever posts listings like that has something secret going on. Maybe they're selling half a ton of weed and they don't know the buyer yet. When the offer comes in that's an exact match, then they can do their business. Just a thought. Stupid way to sell something but it's just a guess and I'm sure I'm wrong.

 

I think it does matter when the auction ends. I notice when I have coins listed that going into the last day maybe only 5 or 6 will have bids, and no one will even be watching most of them, and then in the end I sell 30 of them. Those are all people who found the auction in the last few hours and decided to bid. So you need to have your auctions ending when people are browsing. As a buyer I do that all the time. I just sit down and do a search for everything ending soonest and click through the first few pages. It's hard to predict people's behavior though because people are so different. You might think it's a bad idea to have an auction ending during a football game in football season, but on the other hand, people who don't like football might be in the other room browsing eBay. People who don't go to church on Sunday morning might be wasting time waiting for their wife to get home by browsing eBay.

 

I`ve seen a seller with about 15 similar lots, each for 1 silver coin, and all of them ended within the same 2 seconds time. Basically he screwed up his chances, since there was no time left to try another bid if you can't win from the first attempt. It just lowered the potential amount of total possible bids, because most people only want 1 item, and don't spread the bids over few listings to avoid paying for unneeded items.
I was lucky to win one of the items, all the items sold for exceptionally low prices.

 

BTW for the Sunday night ending time guys be sure and check what time Teletrade and Great Collections end their auctions. It's getting crowded at that 10PM eastern slot now.

 

Interesting thread. Also, make sure if you have a first tier grading company coin, not to list it as a second tier.

Like this $800 NGC coin sold as an ICG coin for $100.

http://www.ebay.com/itm/1826-Capped...84?pt=Coins_US_Individual&hash=item1c3f4dd9a4

 

I wonder if that sale actually went through. The seller moves a lot of CBHs, and seems to know how they're priced. I don't see feedback for that auction; my guess is that it got canceled, or that they posted the wrong photo, sent an ICG slab, and got it returned.

Note also that that was a BIN listing. Had it been a true auction, enough people would have seen past the incorrect title to bid it up close to its actual value.

I guess that's Rule 0 for selling below value: post it with a BIN below value. That's how I got 4 1964 mint sets (P+D) that arrived yesterday for just under $70 shipped.

 

speeling heolps

 

Or they saw it long before and just set snipe bids instead of adding it to their watch lists.

 

Now that seems a tad sexist. Besides, she is never on ebay when I get home

 

I think most of the watch list traffic is research.

 

Weekdays work best for me.. too much competition on weekends

 

Pictures are the main problem really. People are very stingy when buying on eBay and insufficiently good pictures make is seem as if the seller is trying to hide something. The time the auction ends also has to do a lot with final sale price. I mean, most people are bidding on Saturday or Sunday night no having the coin end at 11PM on a monday is no use.