Long time ago I used to sell items starting at 99c with a reserve but then put the reserve price in the description.
I never did quite understand the point of a reserve price, with the exception that you were selling an item to see if it would sell, or would only sell if it reached a certain price. AKA, not a run of the mill item or something that didn't really mean anything to you. Otherwise, you'd just start the auction at the lowest price you'd sell it for. But of course, especially with an auction website that you can sort things by, you can get more eyeballs onto an item by setting a low starting bid.