Thought from the 'Selling Cards' thread

[Doug]

I don't get how any of these dealers make money when they have had the same cards listed on eBay, literally for years, because their Buy It Now prices are about 50% higher than what the card would actually sell for. Even more confusing is when they have the Best Offer option available and they will decline fair market value offers only to counter with an offer of their own that's a only 1%-2% lower than the already absurdly high BIN price.

[ChiefBenderForever]

Originally Posted by Doug

I don't get how any of these dealers make money when they have had the same cards listed on eBay, literally for years, because their Buy It Now prices are about 50% higher than what the card would actually sell for. Even more confusing is when they have the Best Offer option available and they will decline fair market value offers only to counter with an offer of their own that's a only 1%-2% lower than the already absurdly high BIN price.

I guess they are going to die with a lot of cards because they will never sell them at the prices they have listed, it may take years or decades to reach the prices they have and with the trend on many items esp post war on the slide the bin is even more insane. The good news for buyers is that there are thousands of other options and for sellers it is much easier to sell at a fair price.

[Doug]

I have a heck of a time selling anything with Buy It Now, even at a fair price. I think there are so many of these overpriced cards on there that buyers just skip over BIN cards or filter them out of their searches altogether.

[MilBraves]

Originally Posted by Doug

I have a heck of a time selling anything with Buy It Now, even at a fair price. I think there are so many of these overpriced cards on there that buyers just skip over BIN cards or filter them out of their searches altogether.

If I am looking to buy and not just browsing, I filter out BINs. It has gotten to the point where I wont even bother with them because 95% are ridiculous.

[Robextend]

Originally Posted by MilBraves

If I am looking to buy and not just browsing, I filter out BINs. It has gotten to the point where I wont even bother with them because 95% are ridiculous.

The shame in that is the 5% or so that might be a card I need at a reasonable price keeps me searching through them. The few cards I have gotten via BIN or Best Offer keeps me going...

[Rich Klein]

I have a small grouping of "modern" cards for sale at Check Out My Cards. (Checkoutmycards.com) -- for the "older" cards I try to price at 1/2 low beckett as the cards are usually going to be off in some way -- that is 25 percent of book and if the card has some physical damage (Pen mark, pin hole,..) I'm at 10 percent of book. I still get offers of 1/2 of what I priced these cards at already.

And on the modern cards; which are usually "lower-level" inserts.... I try to be low beckett. Now if someone offers me one level below. (Going to give a real life example here --- a $6 card has a $2.50 book value and if someone offers me $2.25 -- I'll probably take the offer; if someone offers me $1 --- I'll just decline the offer and in the middle I'll think about the offer)

I realize that the people who have posted their offers here are making offers based on being close to real-world value --- but some dealers look at offers and think that everyone is ripping them off. Probably they got burnt at some time in the past. So always look at this from a dealer's side as well.

Rich

[ALR-bishop]

All a seller needs to do to make a lot is stumble across a couple of previously unidentified 1955 Topps Hocus Focus baseball cards and put them up for grabs to see if they "make book"

[MilBraves]

Originally Posted by Rich Klein

I have a small grouping of "modern" cards for sale at Check Out My Cards. (Checkoutmycards.com) -- for the "older" cards I try to price at 1/2 low beckett as the cards are usually going to be off in some way -- that is 25 percent of book and if the card has some physical damage (Pen mark, pin hole,..) I'm at 10 percent of book. I still get offers of 1/2 of what I priced these cards at already.

And on the modern cards; which are usually "lower-level" inserts.... I try to be low beckett. Now if someone offers me one level below. (Going to give a real life example here --- a $6 card has a $2.50 book value and if someone offers me $2.25 -- I'll probably take the offer; if someone offers me $1 --- I'll just decline the offer and in the middle I'll think about the offer)

I realize that the people who have posted their offers here are making offers based on being close to real-world value --- but some dealers look at offers and think that everyone is ripping them off. Probably they got burnt at some time in the past. So always look at this from a dealer's side as well.

Rich

Then the question I have is why are these dealers even putting a 'best offer' option on their listings? Why even bother if you are not going to accept legitimate offers?

[vintagetoppsguy]

Originally Posted by Doug

Even more confusing is when they have the Best Offer option available and they will decline fair market value offers only to counter with an offer of their own that's a only 1%-2% lower than the already absurdly high BIN price.

I had this happen last night. There was a card with a BIN of $1250 with a BO option. VCP for the card in a PSA is $681 and SGC $688 (it was SGC graded). I offered $700 and received a counter offer for $1240 - $10 less than the BIN. Ridiculous douchebag!

[scmavl]

I had the same thing happen. I made a reasonable offer on a card with a $400 BIN and was countered with (get this)... $399.95

They took a nickel off. Gee, thanks.

[Robextend]

Originally Posted by scmavl

I had the same thing happen. I made a reasonable offer on a card with a $400 BIN and was countered with (get this)... $399.95

They took a nickel off. Gee, thanks.

Sounds very familiar, I sent a fair offer and got a counter of a few pennies less than the BIN price. Brutal....

[Doug]

Originally Posted by vintagetoppsguy

I had this happen last night. There was a card with a BIN of $1250 with a BO option. VCP for the card in a PSA is $681 and SGC $688 (it was SGC graded). I offered $700 and received a counter offer for $1240 - $10 less than the BIN. Ridiculous douchebag!

Sounds similar to my experience. There was a card listed for $6500 (or best offer) and I offered $4500 which seemed like a perfectly reasonable price considering it was slightly nicer than a card in the same grade that had recently sold for $3850. My $4500 offer got rejected and I get a counter offer for $6400. Lowering the price 1.5% isn't much of a compromise.