Ended with no bids, wonder why

http://cgi.ebay.com/lincoln-penny-s...mQQptZCoins_US_Individual?hash=item2eaa2a86ff

Something just didn't seem right in my opinion

 

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Shipping would cost 7x the value of what it is worth.

 

If I had seen it, I definitely would have bid on it. I doubt that I would have bid much, but that has got to be worth $24.

As to why no one bid, can you tell me the grade of any coin? Why on earth does he need to charge $22.95 for shipping?

 

really. im not even looking for wheat cents and id probably buy that for $24.

 

If his auction did in fact have everything he claimed (including keys such as the 1914D and 1922 no D, strong reverse), then it is more than worth the shipping alone, even for fillers.

As for the shipping, it is more than accurate. If the seller believes that the coins are in good or better condition, and all of the coins stated are in fact present, then there is no reason to think that the auction may not have reached up to $1500 and beyond. Priority mail with $1500 insurance and delivery confirmation (based on the USPS sight) would run $22.30 at the lowest rate.

Granted, the photos are not the best, and some would stay away on that alone, but the reality of the situation is that the shipping, based upon the expected value of the auction, is reasonable.

 

That is why you use registered mail. However, I wish I had met you when I was trying to sell my set - mostly AU (14-D certified VG10) Could not get $2000 for it. A set with the semi-keys mostly good (no S VDB) you would be lucky to get $1,000

 

Timing and audience are important in selling. Even on eBay, this year already both a PCGS and ANACS VG-10 1914D had sold for $285 each, and a raw in similar condition sold for $199. These postings contained clear photos. If the seller in question in this listing had given some clear, high resolution photos of the keys and semi-keys, I am sure there would have been quite a few bids and, regardless of the current economic situation, a high ending price (given that the coins were truly G-F).

In our economy today, there is high skepticism, especially for the possibility of fraud with listings like the one referenced here. That does not mean there was anything wrong with the coins or seller, but the listing lent itself to be something other than desired. What close up photos were available were dark, low resolution and hard to see.

People are more willing to part with their hard earned cash when there is a higher comfort level, especially when fraud is so rampant today. What *should* have been didn't happen because the seller's listing was lacking.

Even sold separately, the keys and semi-keys in *filler* condition would have sold for more than just a "pretty penny" :goof: Low end, problem coins are still the "poor man's" treasure, and people do still pay for such simply to "fill holes". But, today, even the "poor man" wants to make sure he's getting the most for his buck.

 

I was looking at the completed auctions and he sold similar books last month for $36 and $66. Those prices seem fairly low, but he really needs better photographs.

He also had a 1909S VDB for $750, no bids, also a terrible photo.

Interesting to not seem to be a collector or dealer, and just happen upon these collections.

 

I agree that he needs better photos and he may have had a reserve set too high for bids to be seen.

 

You've got keys and semi-keys in that set with virtually no description.
And they would ALL require good images.
And your description is, to say the least, totally confusing.
What's the grade on the 1914-D?
What type/grade of 1922 Plain is it?
WAY too many unanswered questions.

 

having poor photos cant have alot to do with having perfect feedback.

 

Well, DAH! There were lots of bids. All we had to do was look.

 

Transferring the cost of the item to shipping is playing the eBay game - eBay doesn't charge their final value fee on your shipping fee, only on the final auction cost. I tried that once with some gold commems - charged $500 for S&H and $10 for the coin. OMG, the confusion it caused - I sold one of the coins five times within a half hour - people don't read ads the way they should.

 

lol ok. that would make more sense.

 

Do'H. That was what I was thinking. Seen many an auction with BIN of $1.00 and shipping & Handling of $100.00 for an item worth about the combined amount......but the seller does not give the fee back to FeeBay.

I've also seen an apple pie sold (at a local auction to benefit charity) for over $100 in a contest between two brothers......to get their Mom's cookin'! She later admitted she did not know to be embarrassed or proud. But the investment did not go to greedy/hungry folks.

 

eBay cracked down on that a couple years ago. If you know of one in the last year, please let me know, but I do not think you will find any.

 

Well, the seller would have gotten what, at least $103.50 if he/she didn't end the item early.

The Mustang the seller sold didn't look to bad at all for $3,500...whether it was legit or not, ran or not, actually existed or not, remain unanswerable questions, but did get good feedback from what appears to be non shill bidding.

 

A blind man can see it in a minute! Of course its the shipping $22.95
Are you kidding me, That turns buyer,s off right away, That one was
Easy!!

 

I'll keep ya posted~

I'll keep ya posted should I spy likewise shysters~Having learned to quickly jump my eyes toward the total of what is offered I just scoot towards the next item. There are so many.

I taught the spouse to look at the LOOK HON~GREAT DEAL....then I ask about the S&H & she quite often just shuts up. Sometimes I wish there were more.