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<p>[QUOTE=&quot;ToughCOINS, post: 1780095, member: 20480&quot;]I started selling on eBay with only true auctions and low starts . . . lost my shirt that first year, but I didn&#039;t give up.</p><p>&nbsp;</p><p>I learned that true auctions generally realize fair prices if several different conditions are met, including the following: </p><ul> <li>The offered coin enjoys a healthy collector base;</li> <li>A minimum of competitive listings are offered by other sellers;</li> <li>The listing ends at a time of day when most bidders should be watching;</li> <li>The listing does not end on a day when people have important activities consuming their time (Christmas, Easter, Independence Day, Thanksgiving, Super Bowl, etc.)</li> </ul><p>When listing lots of coins for sale, it&#039;s easy to lose sight of the importance of these conditions, and I did, so most of my coins sold for far less than they were worth, and less than I paid.&nbsp; The eBay / PayPal fees only added insult to injury.</p><p>&nbsp;</p><p>Wanting to be a successful dealer, and not accepting defeat, I thought through the reasons for the results I was getting, changed my listing practices, and ended up gravitating toward fixed price offerings.&nbsp; That&#039;s mainly because there&#039;s a fairly thin crowd of collectors knowledgeable enough and experienced enough to know and to pay fair prices for the kind of material I wanted to offer.</p><p>&nbsp;</p><p>I believe the reason we see far fewer true auction listings today than we used to is because more sellers have realized what I did, and changed their ways as well.&nbsp; There are still plenty of true auctions, but mostly for common coins, or in situations where the seller must have cash as soon as possible, and cannot patiently wait a few weeks, or even months for a coin to sell.</p><p>&nbsp;</p><p>I ask that you pretend for a moment that you are an eBay seller, and consider how painful it would be to sell your coins for 10 or even 20 percent less than you paid, and then owe eBay / PayPal another 10 percent of the prices realized.&nbsp; Would you not change how you sell as well?[/QUOTE]</p><p><br /></p>

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