blueyes29
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posted on October 5, 2009 08:36:53 AM new
I recently listed a 1909-D $5 gold coin but it got no bids and little interest. The item number is 360193433275. In the past, I've sold a couple of these coins and others on eBay also sold. I can't figure out why...did I do something wrong in the listing? If you check the auction and can offer some insights, I'd appreciate it...thanks!
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jtomp
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posted on October 5, 2009 12:13:43 PM new
I just cut and pasted to look at the auction and got the dreaded "no such auction" eBay message.
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kozersky
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posted on October 5, 2009 12:23:26 PM new
I have just one question. Why do you ship such an expensive item 1st Class Mail?
You can ship that coin for $4.80 through Click-N-Ship, and get an extra 1.5% back when you use your PayPal Debit Card to pay the USPS. Signature Confirmation would be extra.
Otherwise, the description looked fine.
Bill K-
William J Kozersky Stamp Co. Main Store
William J Kozersky Stamp Co. Vendio Store
William J Kozersky Stamp Co. eBay Store
William J Kozersky Stamp Co. Book Store Book Store
[ edited by kozersky on Oct 7, 2009 10:18 AM ]
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blueyes29
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posted on October 5, 2009 12:41:04 PM new
Figured out the reason you weren't able to find tha auction is that I got the item number wrong...it's 360193433275. Thanks for the effort. I don't have a PayPal Debit card...try to keep the credit cards to an absolute minimum and insured first-class seemed a good way to go...Thanks for the help. Can't figure out why my auction was unsuccessful and others were...maybe fresh eyes can spot a problem...Appreciate it!
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kozersky
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posted on October 5, 2009 01:13:56 PM new
The price for 1st Class mail was just my point. I would hesitate to pay $5.00 to send a coin throgh the mail by 1st Class Mail. Today, buyers think that the cost to send something by 1st Class Mail is only 44 cents. In the buyer's mind you are overcharging $4.56. Perhaps other buyers feel the same.
You might have done better to include the cost of s/h into your selling price.
Bill K-
William J Kozersky Stamp Co. Main Store
William J Kozersky Stamp Co. Vendio Store
William J Kozersky Stamp Co. eBay Store
William J Kozersky Stamp Co. Book Store Book Store
[ edited by kozersky on Oct 7, 2009 10:19 AM ]
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pandorasbox
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posted on October 5, 2009 01:48:01 PM new
Could it be that Gold is losing its luster?
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blueyes29
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posted on October 5, 2009 04:57:05 PM new
Good point, Bill...but the $5 included insurance. I didn't mention that in the description (since the insurance options have disappeared) for fear of incuring the wrath of the eBay police. Can I safely say "$5.00 first-class shipping includiing insurnace" without getting my listing pulled?
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kozersky
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posted on October 5, 2009 05:10:48 PM new
Yes, you can. Try this in your description:
"Insurance included. All items are shipped insured for loss or damage."
I also use the following in all my item descriptions:
" Insurance is included in the shipping price of this item. PLEASE NOTE: We use a private insurance company; U-PIC, for all insured shipments. This allows us to keep our shipping/insurance rates down and handle claims in a timely manner. Your package will not be labeled insured, but you can be certain your order has been insured to protect against loss or damage."
Bill K-
William J Kozersky Stamp Co. Main Store
William J Kozersky Stamp Co. Vendio Store
William J Kozersky Stamp Co. eBay Store
William J Kozersky Stamp Co. Book Store Book Store
[ edited by kozersky on Oct 7, 2009 10:19 AM ]
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hwahwa
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posted on October 5, 2009 05:13:25 PM new
I dont think it is the $5 shipping?
Whether you stated insurance or not is not relevant to the bidder as they can always file chargeback .
BTW,anything over $250 you need signature confirmation per Paypal policy .
But I notice there are other similar items on Ebay at a higher starting bid .
You did not mention total grams,many Ebay bidders are looking for scrap gold or gold by current spot price,these are not coin collectors,they are just looking for gold as investment or to melt it down.
*
There is no 'Global savings glut',only wild horses and loose bankers.
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blueyes29
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posted on October 5, 2009 08:08:07 PM new
Thanks, Bill, for the suggestion. I'll include that in future listings. Also good point, hwahwa. Since this is a well-known coin, I guess I figured that people would know the weight/gold content. Maybe I figured wrong and will include that, too, in future listings. I purposely started at a lower opening price in the hopes of generating interest.
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hwahwa
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posted on October 6, 2009 10:27:47 AM new
Could it be that Gold is losing its luster??
////////////////////////
Gold keeps marching north and individual collectors and dealers hesistate to take gold into inventory.
What if the greenback reverses course and get stronger vis-a vis the Euro,then gold will fall?
*
There is no 'Global savings glut',only wild horses and loose bankers.
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ebabestreasures
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posted on October 6, 2009 02:05:35 PM new
I don't know if this has anything to do with it or not but I did a search for "1909 D $5 Indian Head Half Eagle" current and past. Your coin didn't come up on either. You don't have "Head" in your title.
Would that matter? I would think it may.
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blueyes29
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posted on October 6, 2009 04:15:13 PM new
Maybe that's it. When I relist, I'll change the title...Thanks for the observation. And thanks to all for the suggestions...appreciate it!
Just checked listings without "head"...and those all sold...but worth a try adding it.
[ edited by blueyes29 on Oct 6, 2009 09:39 PM ]
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hwahwa
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posted on October 7, 2009 01:22:30 PM new
I looked at the past auctions,most were sold for more than 299 which is your starting bid,but they all have a ridiculously low starting bid like 9.99 and it takes 10-20 bids to reach the final bid of 300-400 dollars.
So I would think the reason why you dont get any bid is not your shipping or your description ,it is good old fashion Ebay bottom fishing mentality!
*
There is no 'Global savings glut',only wild horses and loose bankers.
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neglus
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posted on October 7, 2009 01:40:42 PM new
One of the reasons might be the implementation of BM2 search on Oct 1st. From what I've been reading on the PS board, Search is pretty screwed up right now. I also think that your pictures don't show the detail because of the lightness (was that your flash?).
Take a look at this seller's listing with 23 bids: http://tiny.cc/ZkT49
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
[ edited by neglus on Oct 9, 2009 06:16 AM ]
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neglus
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posted on October 7, 2009 01:43:28 PM new
Another reason might be that the Chinese are selling replicas:
http://tiny.cc/PpFJ3
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
[ edited by neglus on Oct 9, 2009 06:18 AM ]
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hwahwa
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posted on October 7, 2009 02:01:28 PM new
No ,it is not due to the Chinese replica,it is not the real thing,it is not pure gold.
I dont know what it is,could be just gold plated.
*
There is no 'Global savings glut',only wild horses and loose bankers.
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watchguy
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posted on October 8, 2009 05:34:32 PM new
Your photo makes it appear as if the coin has a wire rim , most especially in the 9 o'clock to midnight area. If the coin does indeed have a wire rim that is a sign of a probable counterfeit. That's what's causing the "no bids".
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blueyes29
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posted on October 9, 2009 10:25:33 AM new
Thanks, watchguy, for the observation. This is an authentic coin and the line you mentioned is just part of the natural wear pattern. Another poster mentioned the photos too so guess I'll re-take some photos and re-list...at a lower opening bid. Thanks for the help.
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rhpepsi1
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posted on October 9, 2009 12:45:55 PM new
I would agree with Neglus
http://coins.about.com/od/worldcoins/ig/Chinese-Counterfeiting-Ring/
huge amount ... our local flea market had the silver dollars in the GRADED PLASTIC HOLDERS....
it is not just coins....google the counterfeit rings and it is amazing what is being replicated
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hwahwa
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posted on October 9, 2009 12:53:14 PM new
rhpepsi1,
those silver coins are not struck of silver.
I have seen those in Asia streets,if you hold up those coins (US,China Republic prior to Communist revolution,Brtish Queen Elizabeth)and look at the rims of all these coins,they are all struck in the same way,same size,same color and same tone.
They are not silver,I dont know the exact material but it is not silver .
*
There is no 'Global savings glut',only wild horses and loose bankers.
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blueyes29
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posted on October 9, 2009 08:35:21 PM new
From looking at past auctions, the reproduction coin auctions are listed as reproductions...and the other (real) coins are getting bids. So, don't think the reproduction issue applies here. I do appreciate the suggestions...Thanks! I hope I have better luck next time!
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rhpepsi1
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posted on October 10, 2009 12:08:13 AM new
hwahwa,
here is another site -- http://www.silver-coins.org/counterfeit_dollars.html
the ones that were circulated around our flea market were actually in the "sealed"- GRADED COIN HOLDERS
there are several articles about how the Chinese are taking the counterfeits and processing them to show different signs of wear...so they are all not the same perfect replica. These are NOT stamped replica...they are being passed as rare silver US dollars.
[ edited by rhpepsi1 on Oct 10, 2009 12:14 AM ]
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neglus
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posted on October 10, 2009 05:31:31 AM new
I would imagine that collectors are wary of buying from anyone other than reputable coin dealers.
Is there such a thing as an authentication process? Could you at least get a jeweler to certify gold content and weight?
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
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neglus
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posted on October 10, 2009 05:37:53 AM new
I'd be nervous about selling one of these - what if you get a return and buyer pulls a switcheroo?
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
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hwahwa
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posted on October 10, 2009 06:31:23 AM new
Yes,I saw the Morgan dollar on the street of Hong Kong along with Chinese republic era coin and Queen Elizabeth II coin,they are all similar in size and color and condition except the design.
They are not 90% silver,as back then silver prices were rising but every time I walked past the stall,the street hawker offered me a lower price,it comes out to be one dollar a piece(one us dollar).
In Houston Chinatown store,I can get one for five dollars !
As for those holders,anyone can print those,just like they print the labels of Channel perfume,Tiffany paper,Novartis prescription drug illustration sheets.
Your second picture tells it all,it looks like an Asian store,and where does the owner have the capital to hoard so many coins if they were all genuine ?
*
There is no 'Global savings glut',only wild horses and loose bankers.
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neglus
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posted on October 10, 2009 07:11:18 AM new
Blueeyes - Did you reset the Vendio counter? It shows that only 2 people have viewed your item?
http://tiny.cc/hTBXi
I think you should start from scratch when you relist it and use better pictures, give gold weight, state the facts of your observation of the condition and don't try to grade it ...kind of like the seller who got $510 for the same item. Is yours in the same condition?
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
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blueyes29
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posted on October 10, 2009 07:58:36 AM new
Thanks, neglus...good suggestions. I was also very surprised that so few even looked at my auction. My mom purchased 10 of these coins about 30 years ago as an investment. I've successfully sold two of them before (buyers were very pleased) so was dumbfounded when this one did so poorly. I'll try again using your suggestions.
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neglus
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posted on October 10, 2009 08:30:49 AM new
The counter is up to 6 now ... probably folks from this board. If you didn't reset it, it looks like you were listed but invisible for some reason. I definitely think auction is the way to go with these - at least with auction you seem to be guaranteed some views as the ending soonest rises to the top eventually.
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http://stores.ebay.com/Moody-Mommys-Marvelous-Postcards?refid=store
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blueyes29
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posted on October 10, 2009 05:02:38 PM new
Actually, whichever coin is getting some interest isn't mine as I won't be listing mine until tomorrow. Hope whoever is selling that one does well!
[ edited by blueyes29 on Oct 10, 2009 05:03 PM ]
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