BIN vs. Auction

[bobbyw8469]

No, but you seem to expect to be close to that. If Wal-Mart stock sold last week for $50 a share, you don't expect yours to sell the very next week for $3.

[bobbyw8469]

...to summarize, it only takes one or two auctions where the sellers loses quite a bit on money to turn him/her off of the auction format and stick with BIN's....Ebay just isn't a fun place to buy OR sell anymore.

The best BIN's are the ones so over priced they will never sell and after a few months the same people over and over buy the cards from the sellers. Sounds fishy to me. I think I have seen one relisted layely from the seller that had it listed last yr. Funny how he sold it for 4x's it's price and got the same one back to sell again. Think it has to do with the power seller status or something

[bobbyw8469]

If he sold it awhile backj, and is selling it again, more than likely he had a deadbeat bidder win it. They seem to be plentiful lately, and we can't leave them negatives to warn other sellers.....

[WarHoundR69]

If you have an Ebay Store it costs between 3 to 5 cents to list a BIN. Then every 30 days the item automatically relists at no additional charge.

I have the best offer option listed with the BIN price. I get a certain amount of BIN purchases but I'm usually willing to except offers up to 40% off the BIN price.

So open an Ebay Store ($15.95 per month for the cheapest option), list once for a few pennies and forget about it until you get your price for what you are selling. After all a collectible is worth what someone is willing to pay for it.

If you don't like the price, move on & don't complain about it. If you don't need cash immediately you can be pretty patient (From a seller's perspective) and wait for your price.

[abrahamrudy]

I find that sometimes a card will pop up with a BIN that is at or even below what you'd expect the bid to be. I've been tracking '48 Bowman Rizzutos for a while and I found that low to mid grade cards range from 60 to 100, and all of a sudden one popped up with a BIN for 50. I guess it depends on the seller.

What really ticks me off is how your Best Offer can be rejected automatically. To me, it seems like that kinda defeats the purpose of the B.O. function.

[insidethewrapper]

I've been successful using the "Best Offer" option. I have purchased many items I wanted at 50-70% off the asking BIN price.

Many dealers test the market with BIN, but they don't adjust the price. Let say a card is listed BIN at $ 500 for 60 days with no offers. The dealer needs to adjust to maybe $ 425 for 30 days etc. Dealers need collectors.

I don't understand, most business I have been associated with advise to move inventory and use the cash for more deals.

I've been to shows with dealers having several Mantle Rookies on their tables and will not lower the price. Not much fun to die and still have these cards, so the wife can sell for pennies on the dollar.

[jb217676]

Frustrated again with sellers and BIN prices. Seller had a 1952 Topps Gus Zernial PSA 6 listed at a BIN of $99.99. One sold last night for under $60.00 US. seller didn't even want to negotiate. Looking to buy if anyone can help?

[bobbyw8469]

Sounds like you should have set your snipe higher??? Maybe the $60 auction was a steal?? Just because one card slips under the radar and sells for below average selling price doesn't mean they should all sell that cheaply....