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<p>[QUOTE="jallengomez, post: 1887828, member: 19748"]This is a very good point. A seller also has to take into account the number of potentially interested buyers for the particular item he is selling. I'll give an example from when I was selling at Teletrade before they were bought out. I had a PCGS MS65 1969D Lincoln Cent FS-901 "No FG" variety. I knew the interested audience would be very low, but I knew it was a valuable coin to the few who would be interested. I started the bidding off at $800. My assumption was correct and there was an interested buyer who bought it for $800. Had I started the bidding lower, I would have had to rely on having multiple buyers interested in it, and would have been taking a chance on letting the coin go for much less than it was worth.[/QUOTE]</p><p><br /></p>
[QUOTE="jallengomez, post: 1887828, member: 19748"]This is a very good point. A seller also has to take into account the number of potentially interested buyers for the particular item he is selling. I'll give an example from when I was selling at Teletrade before they were bought out. I had a PCGS MS65 1969D Lincoln Cent FS-901 "No FG" variety. I knew the interested audience would be very low, but I knew it was a valuable coin to the few who would be interested. I started the bidding off at $800. My assumption was correct and there was an interested buyer who bought it for $800. Had I started the bidding lower, I would have had to rely on having multiple buyers interested in it, and would have been taking a chance on letting the coin go for much less than it was worth.[/QUOTE]
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