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<p>[QUOTE="geekpryde, post: 1434097, member: 36248"]The eBay ecosystem is pretty large. If it was not profitable to relist an item 10 times before some will pay/overpay for it, then it would become extinct. Believe me, I totally agree that it seems crazy to relist an item over and over at the same price 99% of people wont pay, but many sellers are hoping that eventually the RIGHT buyer will come along, fall in love with the item, and pulls the trigger on the coin. And in fact, this MUST happen, or we would not see this type of selling. So, since some sellers can sit on a coin until the right buyer comes along, you will continue to see this on eBay. </p><p><br /></p><p>I dont think it is wrong to start a thread about it, or to voice disatisfaction about it, since it puts coins you and I would like to purchase out of reach, but you must also realize that it's just the reality of the situation.</p><p><br /></p><p> Keep in mind, a given seller might get sick of relisting and not selling a particular coin, and maybe he needs to take his wife on trip next month, and all of a sudden the coin you've been eyeing for 3 months is relisted at an acceptable price. This is economics. The natual tug of war between buyers and seller to find the "correct" market price for the coin. .99 auctions let this price bubble up to the correct spot. With overpriced BIN listings, it's just a matter of how much financial resources /flexibility the seller has. For some sellers with lots of money, there is no pressure to sell until Mr. right comes along and pays. Other sellers who have less flexibilty might relist 5 times, and then give in and lower the price to what the market considers fair, and then all of sudden there are mutiple buyers. This is where being persitant pays off.</p><p><br /></p><p>As a side note, I dont understand why *some* people here are always complaining about Detecto's threads. Notice many of them are multi-page? He is promoting discussion, promoting coin collecting, and has a general enthusiasm about the hobby, hence he is a prolific thread starter. Not everything he says is going to be a revelation, but not everything he says is going to be worthless. You could say the same about 95% of the people here. Just saying...[/QUOTE]</p><p><br /></p>
[QUOTE="geekpryde, post: 1434097, member: 36248"]The eBay ecosystem is pretty large. If it was not profitable to relist an item 10 times before some will pay/overpay for it, then it would become extinct. Believe me, I totally agree that it seems crazy to relist an item over and over at the same price 99% of people wont pay, but many sellers are hoping that eventually the RIGHT buyer will come along, fall in love with the item, and pulls the trigger on the coin. And in fact, this MUST happen, or we would not see this type of selling. So, since some sellers can sit on a coin until the right buyer comes along, you will continue to see this on eBay. I dont think it is wrong to start a thread about it, or to voice disatisfaction about it, since it puts coins you and I would like to purchase out of reach, but you must also realize that it's just the reality of the situation. Keep in mind, a given seller might get sick of relisting and not selling a particular coin, and maybe he needs to take his wife on trip next month, and all of a sudden the coin you've been eyeing for 3 months is relisted at an acceptable price. This is economics. The natual tug of war between buyers and seller to find the "correct" market price for the coin. .99 auctions let this price bubble up to the correct spot. With overpriced BIN listings, it's just a matter of how much financial resources /flexibility the seller has. For some sellers with lots of money, there is no pressure to sell until Mr. right comes along and pays. Other sellers who have less flexibilty might relist 5 times, and then give in and lower the price to what the market considers fair, and then all of sudden there are mutiple buyers. This is where being persitant pays off. As a side note, I dont understand why *some* people here are always complaining about Detecto's threads. Notice many of them are multi-page? He is promoting discussion, promoting coin collecting, and has a general enthusiasm about the hobby, hence he is a prolific thread starter. Not everything he says is going to be a revelation, but not everything he says is going to be worthless. You could say the same about 95% of the people here. Just saying...[/QUOTE]
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eBay getting ridiculous...
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