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<p>[QUOTE=&quot;RaceBannon, post: 1187745, member: 25357&quot;]I&#039;ve sold a number of coins on eBay.&nbsp; I would say the answer to your question of when to set a reserve is: &quot;it depends.&quot;&nbsp; Most of the coins I sold were silver, and I was selling them for their melt value.&nbsp; In that instance, I was selling into a big bull market.&nbsp; I knew my items would sell.&nbsp; I set no reserve because I was fairly certain that they would set for melt value at least.&nbsp; &nbsp; </p><p>By selling a popular item, setting no reserve, and running my auctions at seven days, I was able to attract the most bidders.&nbsp; Sure enough, every single coin I listed sold, mostly for around melt, but in some cases, quite a bit more.</p><p>The vast majority of the bidding on eBay happens in the last few hours, or even the last few minutes before the auction closes.&nbsp; The coins l listed would often sit with bids of only 1/3-1/2 of melt value up to the last day.&nbsp;&nbsp; Then within an hour of auction close, they would be run up to melt value, usually plus or minus a small percentage.</p><p>&nbsp;</p><p>If you&#039;ve got a popular product, in my opinion you should stay away from setting a reserve or minimum bid, you&#039;ll scare away bidders.</p><p>Like Lance stated above, if it&#039;s a niche coin with a narrow market, and I had a lot of $ invested in it, I might consider a reserve.&nbsp; But I haven&#039;t tried to sell something like that yet.&nbsp;&nbsp; </p><p>&nbsp;</p><p>Let the market tell you what you should sell.&nbsp; You won&#039;t have to set a reserve.[/QUOTE]</p><p><br /></p>

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