[Archive]

Posted By: cmoking

Unless the seller knows the market very well, he's only going to lose if he puts a BIN in an auction. Here are the three scenarios, with the likely results:

BIN is too high - no one takes the BIN, and the card sells for the highest bidder in the auction. The BIN was useless.

BIN is just right - someone takes the BIN, but it would have gone around the smae price anywa. The seller does not benefit.

BIN is too low - it gets snapped up very quickly. The seller loses.

There are exceptions, but overall, these scenarios are not beneficial for the seller...unless they know the right price for the card very well and sets the BIN just a shade higher than expected fair market value.