BIN vs. Auction

[jb217676]

I find BIN prices on ebay to be almost double what a final auction price would be for the exact same card. What do you guys think?

[cbcbcb]

I agree completely. I don't understand why sellers do it and continue to relist the same item for astronomical prices.

[tbob]

Obviously some sellers are relying on:
1) an uneducated buyer
2) the chance for a "counter-offer" at the real price they are willing to sell a card for
3) the low listing prices for BIN items
4) the impulse buying mood striking

I agree with the posters, it gets very old to see the same sellers trotting out the same old inventory at exorbitant prices month after month. One encouraging note, I have seen a couple of these sellers suddenly release some of these cards as auctions with low starting bids lately.

[jb217676]

Not only do I collect vintage baseball cards, but I also collect vintage hockey cards. The only set I am actively working on right now is a PSA 8 1963-64 Parkhurst hockey set, making these the cards I search for most often on ebay. For example, I have seen the high number Jean Beliveau with a BIN price of $185.00 US. I bought the exact same card in an auction for $58.00 US delivered. Unless you have money to burn or just need one or two cards to finish a set, I would always avoid a BIN price.

[lharri3600]

final value fees on bin's is around 18%

[ChiefBenderForever]

Originally Posted by lharri3600

final value fees on bin's is around 18%

I thought it was 8% ?