What kind of a knucklehead would...
RWF
Mr. Jaggers
> Pay $35 for a coin and then list it for $.99 on eBay?
Before answering that question I'd need documentation that $35 was indeed
paid.
Independent of that, a nationally-known purveyor of numismatic literature
starts out almost all his auctions at $6, even for items with a retail value
of over $200, but almost always gets close to the retail price, and
sometimes even more. I keep waiting to see someone make off with the
two-volume set of large cent books by Bill Noyes for $25, but so far it
hasn't happened.
James
note.boy
high start, but not always, sometimes you win and sometimes you don't.
I have listed many items at a 99p start that cost a lot more. Billy
"RWF" <R...@200902.invalid> wrote in message
news:gmiapt$jf$1...@news.motzarella.org...
Mr. Jaggers
> Because a low start very often results in a higher finishing price
> than a high start, but not always, sometimes you win and sometimes
> you don't.
> I have listed many items at a 99p start that cost a lot more. Billy
What's your track record been doing this? General terms are OK for an
answer, such as "break even", "lose money", and "make money" a certain
percentage of the time.
James
Frank Provasek
> Because a low start very often results in a higher finishing price than a
> high start, but not always, sometimes you win and sometimes you don't.
>
> I have listed many items at a 99p start that cost a lot more. Billy
>
I made a small net profit on this, started at one cent, and I paid
$425
http://cgi.ebay.com/ws/eBayISAPI.dll?ViewItem&item=120369003368
--
RARE COIN AUCTIONS NO RESERVES www.frankcoins.com
http://myworld.ebay.com/frankcoins Texas Auction License
11259, Board member of Texas Coin Dealers Association,
Member TNA, ANA, PCGS, NGC - Full Time Since 1991
Jon Purkey
>Pay $35 for a coin and then list it for $.99 on eBay?
Someone trying to save 85 cents on the insertion fee?
If you are pretty sure that bidding will go up to $35+ anyway then why
give eBay more $$ ?
Bill Krummel
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gmiem...@enews2.newsguy.com...
Well, I'll answer with my experiences since general terms are ok. I
typically start my auctions at 99 cents, although there are rare exceptions
( maybe 1/100) when I start close but under a wholesale level.
Some auctions I lose my shirt and regret listing the coin because I would
rather have the coin than the cash I got for it. Some auctions I make a
profit before eBay and Paypal fees, but take a loss after fees. Some
auctions I make a small profit. Some auctions I have made a killing,
sometimes doubling, tripling or better my cost. 80% of the time, the result
was entirely predictable but some of the biggest losers and some of the
biggest winners I would have never predicted right.
Every year since 2000, my total annual profit margin has ranged between
10%-20%. Roughly half of minimum wage for time spent.
Bill
Mr. Jaggers
I think it's most healthy if you take the "big picture" view as you have
done here. It is really irritating to listen to somebody complain about how
much money he lost on this or that deal, knowing that he made money on ten
others. Same goes for buyers of coins. I've got stuff in my collection
that I paid grossly too much for, but others that came very reasonable. The
quest is the thing, as the late, great Mr. Yeoman was fond of saying..
James
RWF
"Jon Purkey" <room32...@verizon.net> wrote in message
news:nfspo4t6lrgp5msu7...@4ax.com...
Fair enough but those who take that risk should come here whining about
how unreliable eBay is when their coin auctions wind up losing money.
note.boy
"Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote in message
news:gmiem...@enews2.newsguy.com...
Each of these notes cost me £18 as part of a recently uncovered hoard,
http://cgi.ebay.co.uk/Scotland-Commercial-Bank-5-1954-an-original-VF-No-Res_W0QQitemZ200300505406
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&item=200295775537
One sold earlier that is no longer on ebay also sold for a profit with a 99p
start.
They all sold for a profit with 99p starts.
I have only made a small loss a few times with 99p starting bids, and it's
more fun with a 99p start.
This seller has one similar starting at £81.45 and I very much doubt if it
will receive any bids. Billy
http://cgi.ebay.co.uk/ws/eBayISAPI.dll?ViewItem&ssPageName=STRK:MEWAX:IT&item=120373609772
note.boy
"Bill Krummel" <dqu...@netins.net> wrote in message
news:gmirvc$41m$1...@news.netins.net...
I have made more profit from buying on ebay and then selling for a profit
than I have selling on ebay, for or five good buys have, or will, produce
more profit than all the items that I have sold. Billy
George D
Some time ago I listed several auctions for 3 SBA souvenir sets 1978,
1979, and 1980 and started all of them at 1 cent. My cost for the 3 sets
was around $8.00 and IIRC the lowest that any of them sold for was about
$35.00 some went for over $50.00. Why would I use a starting price for
more than 1 cent?
George D
Mr. Jaggers
No doubt you (George D) would not. But there are a lot of people out there
who seem very afraid that they will not get what they think their material
is worth, and then some, almost to the degree of phobia. I can usually spot
them by just reading their auction copy and comparing their starting price
with book. It's no longer a hobby for them, but more a matter of lives,
fortunes, and their sacred honor.
James
RWF
> No doubt you (George D) would not. But there are a lot of people out
> there who seem very afraid that they will not get what they think
> their material is worth, and then some, almost to the degree of
> phobia. I can usually spot them by just reading their auction copy
> and comparing their starting price with book. It's no longer a hobby
> for them, but more a matter of lives, fortunes, and their sacred
> honor.
At least most of them don't come here to whine about how eBay is
unreliable because they can't sell their coins for more than they paid
for them!