Pricing Exercise - How would you handle it?

Better yet, tell his wife how much he is spending on coins!

 

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Photos of items won for less than the prior sale?

 

No wavering; you have to stick to Carr items!

 

Oh crap . . . . .

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I think you're pretty safe there for now. And elsewhere . . . . .

I put myself on hold.

Z

 

Not there since I started selling Carr as you went on hold.

Edit: this thread isn't about a Carr item and there is nothing Carr related for sale here.

 

It wouldn't be an auction sale for me at all! If someone else has or has had the same coin in the same condition and it sold for $350, I would list mine for sale as a BIN for $250 and see what happens. Auctions are good when a certain coin is trending, but if they're not trending there's a big chance you could get screwed!

 

$450 and allow best offers, auto accept at 350 and you decide based on how many watchers below that.

 

I would begin my listing above the high sale record with best offer option. Then slower lower the price every few days or so. If I hit my lowest price, I remove best offer and leave it for another week or two. If I still don't have any interest at my bottom dollar, I remove the listing completely for a few months.

That's what I do with weird varieties. In my opinion, putting niche items up for auction starting at 99 cents is a crap shoot. It is a gamble on there being 2+ interested, strong bidders who notice the listing during the 1 week time frame.

 

Why? We have people posting photos and asking for a value every day and nothing is mentioned. Aren't you just making an exception in this case just because he was honest about his intentions? Maybe you should assume that every person who posts photos and asks for a value on the "What's It Worth" forum is just trying to sneak one by you.

 

I would list it towards the higher sale number. I'd list it at $300 OBO. If there isn't any interest then I'd drop it by $50. When it sold low it may have been an instance where the few buyers interested in that type of medal weren't active.

 

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Why I woudn't... because Ebay auctions are way too long. It's like 7 days and all the offers come in at the last second. If your auction ends at 2 in the morning there will be less bidders. And! If I bid $100 over the current bid on Ebay it will only out-bid the next highest bidder by $1.

 

Correct me if I'm wrong, but the bids increase on a graduated scale, not just $1 at a time.

The smart seller will begin an auction so that it ends at a specific time when it will attract the most bids.

If a seller has dozens and dozens of listings, 7 days is not that long. One week allows plenty of opportunities for casual browsers to view the listing.

I used to use a sniping service, and I would place bids on 50-100 items each week. One-week listings are much easier to handle.

 

I have no idea but I know it does not work like a normal auction and there have been times I overbid but only paid a small price over the previous high bid.

 

Good to know you are that well off...

 

Overbidding is your problem.

Caution: This listing will self-destruct in 30 seconds so bruhajoe will not get confused.

 

You've taken my comment out of context.