Hello, I have a US paper currency collection that I want to sell on e-bay. Does anyone know why people would start the bidding below the face value of the money, for example a 1934 A 10$ bill? I understand that date is common. Some of the paper money I want to sell is a North Africa 5$ 1934 A yellow seal, Star Notes, $2Red Seals, 2$ 1976 bills first issues with stamps on them, some 1934A $10 & $100, and some 1$ silver certificates. Would I sell it as a collection lot (total value 178$)? Any advice please. Steve.
As far as why somebody would start the bidding below the face value, mostly it's to generate interest in an item and get it on peoples watch list. People like to think they could score an amazing deal on ebay, so by starting the bid and .99, you will get a lot of pages views and, initially at least, bids. Remember, a lot of people like to sort their auctions into "most bids" so if you start low, your item will show up near the top, and, perhaps, gain additional interest. The reality of it is, there are buyers that won't even look at items that contain a starting bid near retail or contain a reserve. As long as you correctly list your currency on ebay, you provide accurate pictures, and it's not a fake/replica, there is little chance you're ever going to get less than market value (at least before the fees).
you will make more selling them individually then as a lot. it doesn't make sense to sell them at face value if the actual value is much more. do you have any kind of price guide? knowing the true values and conditions of the notes is the most important thing. you can also check form auctions that have already ended on ebay for similar notes to get an idea of what it might go for. you can also look at current listings to get an idea of what people started their auctions at. obviously condition is always a determining factor on what the note might sell for. start your auctions on weekends versus during the week. they generally get more attention that way. there is also a seperate section in this forum to post your current auctions in. good luck
Generally good advice here - sell them individually, and if you are worried about selling for less than face (you should not be unless the notes are total rags) then simply stipulate in the description that you won't sell any note below face value. If you scan them, post them in the BST thread here and let us know when you do, perhaps someone will buy directly at a price that works for you, you save fees and the note goes to a good home...
Run for ten days, starting late (8 to 9 PM) on Thursday. That way you'll get two full weekends and end late (8 to 9 PM) on Sunday.
[QUOTEIf you scan them, post them in the BST thread here and let us know when you do, perhaps someone will buy directly at a price that works for you, you save fees and the note goes to a good home... [/QUOTE] Indeed, save yourself the ignominy of dealing on fleaBay and put them on the BST first. I know I am currently looking for a North Africa for my WWII collection and wouldn't mind seeing one come up on the BST.
Attached is the 1934A N. Africa $5 bill. I am new to this site and what is BST? I may research this site in how to sell or trade ect. Thanks.
