Not sure Im in the right area here, so please excuse me if I am. Have never sold anything on E-Bay, so they sent me a e-mail that offered free listing. So I decided to sell some of my coins to upgrade. I listed 10 coins 5 end in 3 days 10hrs , the other 5 in 4 days 10hrs, the problem is people have only bid .99 on at least half of them. There all 1 Oz silver coins, all graded at 69. Now Im getting nervous, dont care if I make money, but also dont want to sell at a few dollars and then pay app 5 to ship. I didnt do the reserve (didnt know about it then) also when listing it E-Bay suggested to start at .99. Can I cancel these? Without getting in trouble? Maybe bidding will pick up at the end when it gets close? And last question, at the end of auction if it is going to cost me more o ship then 1oz of silver what should I do. Thanks for your help, Jim
As long as your coins are listed in the correct category, and ending at a time when most people are awake, they should fetch a fair price. I imagine they have low bids on them only because interested parties all sitting back and waiting for the end of the auction to get closer. In my experience, the sooner a coin receives a starting bid, and then sits at that lowest level for much of the remainder of the auction duration, the more people end up bidding in the final hour. I've been nervous in the same situation, but generally found that, if the merchandise is widely recognized, and popular, the bidders will come. I do believe it is possible to cancel your auctions up to 12 hours before the listing's scheduled end.
A lot of people, myself included, snipe at the last second manually or with software. Silver bullion usually will go for a fair price, I would not worry.
It is normal and routine for people to bid literally at the last second. That way no one can bid them up. Asa a reference for the future listing - start them at a reasonable price. That way you will get a reasonable price or they do not sell.
There are hundreds of 1 oz silver coins on eBay with .99 bids, some with only a few hours to go: http://www.ebay.com/sch/i.html?_sacat=0&_from=R40&_sop=15&_nkw=1 oz silver coin&_udlo=0.9&_udhi=1 Trust me... most will sell for melt (usually more)... rarely do they sell for less. Most coin buyer use "snipe" programs, and the bidding will occur in the last few seconds. I wouldn't hesitate to list bullion at .99, or even .01.
You can certainly pull your listings and then relist with reserves either hidden or open reserves, for the former they charge around one percent. Or you can do buy it now. Are the pictures good and sufficient? You could tell customer service that you want to cancel bids as you are new to the system and ask for a refund of those fees. It is customary for many sellers to end their auctions Sunday night at ten pm eastern, that way everyone is on the same page. Have you researched what similar items have sold for on ebay in the last month or so, that should give you a good idea what your item will sell for, free shipping is an added incentive for people to bid.
Don't sweat it at all! I've had coins increase by nearly a thousand dollars in the last minute (gold eagles in fact). That's just the routine. You'll be pleasantly surprised at the end of your auctions........but it's always a nail biter! Keep calm Good luck!
I have never started an auction at more than a dollar and have always gotten a fair price. I have listed gold half eagles at $1 and they sat at just a few dollars until the last few minutes and closed at a decent price. Do you have much positive feedback and good pictures? That sure helps.
Never end the auction in the early am. Buyers are able to snap up stuff cheap then; end them sometime in the pm, before midnight. Also 10 day auctions give customers plenty of time usually.
Another thing I learned is the cheapest shipping is first class with tracking through ebay; it starts at under $2, but there is a limit on weight with first class. You can get cheap shipping mailers at most dollar stores.
