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have I undervalued my coins on ebay?
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<p>[QUOTE="satootoko, post: 41082, member: 669"]I suspect that you have just started selling coins after getting a lot of experience selling other things. Coins are much different from many other things successfully sold on EBay. <ul> <li>There is a very large pool of knowledgeable buyers, who won't bid unless they get clear photographs and complete accurate descriptions.</li> <li>Serious collectors are very aware of postage costs, and avoid sellers whose charges appear to be a backdoor to more profit, or at least reduce their bids as JBK points out.</li> <li>Many coins have no particular numismatic value, and are basically worth their instrinsic metal value, but</li> <li>Many other coins have little or no instrinsic value, but potentially huge numismatic value.</li> <li>If you aren't knowledgeable about the particular coin(s) you are offering you will either overprice them and get no bids, or underprice them and leave significant value on the table.</li> <li>Most collectors specialize, and a bunch of coins that aren't even identified as to country of origin are not likely to attract their bids.</li> </ul><p></p><p>Considering the weight of your item - a whole box of unidentified coins in 2x2s -, <i>perhaps</i> your S/H isn't "grossly" excessive, but usually coins can be shipped by first class mail at much less cost than the minimum parcel post, UPS or Fedex charge.</p><p><br /></p><p>As far as 1¢ starting bids go, there are many successful sellers who start all their auctions there, including the ones for valuable gold coins or true rarities that sell for thousands of dollars. <b>But</b>, they attract knowledgeable buyers by providing multiple clear pictures, detailed descriptions, and in most cases having first established their reputation as sellers of high quality coins.</p><p><br /></p><p>Please forgive my bluntness, but you did ask.[/QUOTE]</p><p><br /></p>
[QUOTE="satootoko, post: 41082, member: 669"]I suspect that you have just started selling coins after getting a lot of experience selling other things. Coins are much different from many other things successfully sold on EBay.[list][*]There is a very large pool of knowledgeable buyers, who won't bid unless they get clear photographs and complete accurate descriptions.[*]Serious collectors are very aware of postage costs, and avoid sellers whose charges appear to be a backdoor to more profit, or at least reduce their bids as JBK points out.[*]Many coins have no particular numismatic value, and are basically worth their instrinsic metal value, but[*]Many other coins have little or no instrinsic value, but potentially huge numismatic value.[*]If you aren't knowledgeable about the particular coin(s) you are offering you will either overprice them and get no bids, or underprice them and leave significant value on the table.[*]Most collectors specialize, and a bunch of coins that aren't even identified as to country of origin are not likely to attract their bids.[/list] Considering the weight of your item - a whole box of unidentified coins in 2x2s -, [i]perhaps[/i] your S/H isn't "grossly" excessive, but usually coins can be shipped by first class mail at much less cost than the minimum parcel post, UPS or Fedex charge. As far as 1¢ starting bids go, there are many successful sellers who start all their auctions there, including the ones for valuable gold coins or true rarities that sell for thousands of dollars. [b]But[/b], they attract knowledgeable buyers by providing multiple clear pictures, detailed descriptions, and in most cases having first established their reputation as sellers of high quality coins. Please forgive my bluntness, but you did ask.[/QUOTE]
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