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Message:: [QUOTE="gsimonel, post: 2780766, member: 82549"]I, too, used to list coins on eBay with $.99 opening bids and no reserves. I still do on occasion, but only low grade coins that usually end up selling for less than $10. Now I list anything half-way decent as "buy it now." There's two reasons for this. All the bad-mouthing of eBay and "den of thieves" talk on the discussion groups has chased most of the serious collectors away. Yes, you need to use some caution and common sense when buying on eBay, but it's seems almost a point of pride for some collectors to announce on all the coin discussion groups that "I never buy from eBay anymore." Okay, so you are much classier than I am: I get that. But the result is that anymore there does not seem to be much difference between the closing prices of common, low grade (or what I call "entry-level) coins and nicer ones. I got tired of letting $25 coins go for $3. Plus, eBay has changed its selling fee structure. Used to be you were encouraged to set an auction opening bid as low as possible to minimize fees. Now I can just place a coin up for sale at whatever ridiculous price I want and not have to pay anything until it sells. So why take the risk? If I think a coin is worth $50, I'll list list it for sale at that price and let it stay up there indefinitely. The result is that eBay is no longer a true auction site, at least for ancient coins, but rather an electronic marketplace.[/QUOTE]