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Pricing Exercise - How would you handle it?
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<p>[QUOTE="Morgandude11, post: 4949964, member: 37839"]I agree with the strategy of listing towards the higher end as $300/ obo. That strategy has worked well for me on eBay. You will get some lowballs, but assuming it was one of the attractive items you messaged to me, I think you will get an acceptable offer. If not, you, as the seller, can always lower the price. In over 900 transactions on eBay, I have only had one or two where I was not happy with the results.</p><p><br /></p><p>Not only do I sell coins, but I have also sold expensive guitars (my other big interest). Some of them have been one of a kind items, and pricing was difficult. With a 30 day buy it now, with offers, you get a pretty good idea of market value, and demand.</p><p><br /></p><p>A few years ago, I sold a one of a kind custom shop built Martin custom guitar on eBay. At first, I got price resistance, but once the serious buyers came out of the woodwork, it went fine. </p><p><br /></p><p>The 99 cent auction strategy works well with in demand items. I sold over 200 toned Morgans in 2015 (medium-high toners), with assistance of Shane Canup. That was a different story, as the toner market was very hot, and there was lots of competition.</p><p><br /></p><p>Try listing high. You can go lower, but not higher, as the old maxim says.[/QUOTE]</p><p><br /></p>
[QUOTE="Morgandude11, post: 4949964, member: 37839"]I agree with the strategy of listing towards the higher end as $300/ obo. That strategy has worked well for me on eBay. You will get some lowballs, but assuming it was one of the attractive items you messaged to me, I think you will get an acceptable offer. If not, you, as the seller, can always lower the price. In over 900 transactions on eBay, I have only had one or two where I was not happy with the results. Not only do I sell coins, but I have also sold expensive guitars (my other big interest). Some of them have been one of a kind items, and pricing was difficult. With a 30 day buy it now, with offers, you get a pretty good idea of market value, and demand. A few years ago, I sold a one of a kind custom shop built Martin custom guitar on eBay. At first, I got price resistance, but once the serious buyers came out of the woodwork, it went fine. The 99 cent auction strategy works well with in demand items. I sold over 200 toned Morgans in 2015 (medium-high toners), with assistance of Shane Canup. That was a different story, as the toner market was very hot, and there was lots of competition. Try listing high. You can go lower, but not higher, as the old maxim says.[/QUOTE]
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