Am I just so out of touch with card prices?

[Howe’s Hunter]

I know there has been a lot of discussion about inflated BIN prices on certain websites. But as I was doing my daily lunch search, I saw a card listed with what I thought seemed a high BIN for a PSA 6. I wasn't interested in the card, and I try to avoid graded cards at any time, but was just curious about value, so I visited MLB Vintage just to compare (I know it is impossible to keep the prices up to date on the site, so I usually figure add 10-20%, and you should be there). The BIN is $5 short of 10 times the cost listed! Do graded cards really carry that much more value, or is this guy just nuts?

[glynparson]

Graded cards sell at a price on a card by card basis there is no formula like a 6 is x% more or less than book. What is the card you are reffering to. Also contrary to most popular beliefs grading does not always add value or make a card cost more. In fact cards with tremendous eye appeal and a technical low grade can often sell for more raw then graded.

[usernamealreadytaken]

Sellers are nuts. I am always disappointed to see a real nice card but with a way out of the park price. Often sellers will find the highest the card ever sold for ever and add 10-20%. I have seen some BIN's on ebay for YEARS!!!!

[pgellis]

You're not out of touch..........the dealers with the crazy BINs are the ones out of touch.

I think eBay has forgotten about what "got them there". I really feel that the huge percentage of BINs vs. Auctions is so that the company (eBay) looks better to Wall Street and Investors. It seems to be more critical that they have x number of "current listings" as opposed to x amount of revenue generated from sales on the site. It's all corporate now (and has been for a while).

[T206Collector]

This is what they do:

(1) Seller lists card at high BIN

(2) This encourages bidders to make email offers at lower than BIN

(3) Seller sells item offline for negotiated price and saves ebay listing/final value fees

[pgellis]

Originally Posted by T206Collector

This is what they do:

(1) Seller lists card at high BIN

(2) This encourages bidders to make email offers at lower than BIN

(3) Seller sells item offline for negotiated price and saves ebay listing/final value fees

I agree with that, but why does eBay make it so easy for them to do that? They don't charge that much for BIN listings and let them keep them up forever for very little money. You would think eBay would discourage these BINs and get back to auctions so that they can capture that revenue of the % of the sale.

I again say it is because they "look better" by having so many "current listings".

[FUBAR]

I see it all the time, especially with the nutjobs on the Vancouver craigslist. The have early 90's cards and think they are worth 50$ per card because they "are old" . Usually when you tell them their cards have a guide value around .05 cents , they tell you to f-off... makes me laugh!