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<p>[QUOTE="kangayou, post: 1433920, member: 23111"]Some people will relist the same item repeatedly at the same opening bid price because that is the least amount that they are willing to accept in order to part with that coin.</p><p>Very simple <img src="styles/default/xenforo/clear.png" class="mceSmilieSprite mceSmilie1" alt=":)" unselectable="on" unselectable="on" /></p><p>Starting auctions for 99cents would be murder for me since I provide free shipping which always includes delivery confirmation.The least expensive way to ship 1 coin with delivery confirmation is $1.64.</p><p>If I allowed a coin to potentially sell for 99cents , I would still have to pay over 20% of that to eBay & PayPal. So that takes the proceeds down to 79.2cents.Then I pay for free shipping and that takes the final realized amount down to <font size="5">negative 77.56 cents</font>.</p><p>As you can see that is not a good way to generate capital to buy the coins you really want.[/QUOTE]</p><p><br /></p>
[QUOTE="kangayou, post: 1433920, member: 23111"]Some people will relist the same item repeatedly at the same opening bid price because that is the least amount that they are willing to accept in order to part with that coin. Very simple :) Starting auctions for 99cents would be murder for me since I provide free shipping which always includes delivery confirmation.The least expensive way to ship 1 coin with delivery confirmation is $1.64. If I allowed a coin to potentially sell for 99cents , I would still have to pay over 20% of that to eBay & PayPal. So that takes the proceeds down to 79.2cents.Then I pay for free shipping and that takes the final realized amount down to [SIZE=5]negative 77.56 cents[/SIZE]. As you can see that is not a good way to generate capital to buy the coins you really want.[/QUOTE]
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