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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/01/2008 : 05:23:59
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I would say let it run. You don't really expect to break $90 this time anyway do you? Maybe the bonus will give you a little extra push at the end if it is close.
There are plenty of fixed price offerings out there that effectively cap your potential anyway if the bidders are looking.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Nickelless
Administrator
USA
5580 Posts |
 Posted - 09/01/2008 : 05:31:11
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quote:
Originally posted by HoardCopperByTheTon
I would say let it run. You don't really expect to break $90 this time anyway do you? Maybe the bonus will give you a little extra push at the end if it is close.
There are plenty of fixed price offerings out there that effectively cap your potential anyway if the bidders are looking.
Well, I've had two of my five auctions so far break $100, so I'll lean toward optimism (or false hope). I'll go ahead and cancel your bid and Legacypac's bid, make my changes and then you two can bid your hearts out. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/01/2008 : 05:33:57
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Yeah.. what do I know about auctioning copper pennies? LOL.
You gotta go with whatever your gut instinct tells you.
How about a side bet Legacypac that this one doesn't break $100? |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/01/2008 : 05:39:09
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Just throwing out my two copper cents worth. My advice is worth what you pay for it.
I do indeed operate on the US side of the border with a PO Box, courior receiving location, bank accounts, established source and dump banks, and a small storage location. If I really wanted to buy copper for above face I can even arrange to have it shipped to me since shipment of $100 and under for legit collecting purposes are in fact legal. I even bought some US pennies recently in the Buy Sell section - you can read all about my proposed smuggling operation there.
Of course you are welcome to cancel my bid anytime, or edit the auction even with my bid in place. I beat Hoards 99 cent bid but I'm not bidding very high given I can go buy copper pennies at any local bank at face as long as I'm willing to seperate out the 50% non-copper. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
Edited by - jadedragon on 09/01/2008 05:45:16 |
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Nickelless
Administrator
USA
5580 Posts |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/01/2008 : 05:43:33
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I think you are right about including bonuses at certain threshholds creating extra caps on potential auction results.
I just figured either way.. no matter what he does.. the next one if probably not going to break $100. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/01/2008 : 05:47:40
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I didn't mean to talk you into anything. I don't want to get the blame if it only goes for $53.
TenBears and Deal already know what an Indian Head cent looks like. I sent Deal one last year and TenBears will be getting one this week. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/01/2008 : 05:50:18
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quote:
Originally posted by HoardCopperByTheTon
How about a side bet Legacypac that this one doesn't break $100?
I'm not betting against you = you would just bid it over a hundred to win the bet (as might I depending on the side I'm on).
I like the idea of bonuses, just figure setting a bonus at a higher level would lead to higher prices. "My last auction went for $147.50 and if this one goes over $145 too I'll add in 5 Indian Head bonus pennies to the lot." |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
Edited by - jadedragon on 09/01/2008 05:52:56 |
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Nickelless
Administrator
USA
5580 Posts |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/01/2008 : 05:57:15
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quote:
Originally posted by HoardCopperByTheTon
TenBears and Deal already know what an Indian Head cent looks like. I sent Deal one last year and TenBears will be getting one this week.
I hope you mailed TenBears a tame one, or seeded his box, because he will never find one in the wild.
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“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/01/2008 : 05:58:43
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| I was betting on the low side.. so I wouldn't be bidding it up to win. I know your bidder handle (I even have a chart that tells me the hidden eBay short names of most of the bidders in copper penny auctions) so I would know if you had to cheat to win.. LOL. Besides, even if you bid it up over $100 it wouldn't get there unless somebody went with you. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/01/2008 : 06:12:24
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quote:
Originally posted by HoardCopperByTheTon
I was betting on the low side.. so I wouldn't be bidding it up to win. I know your bidder handle (I even have a chart that tells me the hidden eBay short names of most of the bidders in copper penny auctions) so I would know if you had to cheat to win.. LOL. Besides, even if you bid it up over $100 it wouldn't get there unless somebody went with you.
At 99 cents you really are betting on the low side. I would bet on the low side of $100 too because Nickelless already scored his big sale. Law of averages you know. |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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Nickelless
Administrator
USA
5580 Posts |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 09/01/2008 : 06:16:44
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| Hoard you just wanted to post tonight to get over 3200 posts (your last post)! Easy to push a sale over $100. I bid $101.00 and offer a free $50 in Canadian Copper to anyone that beats me in the auction. Then collect my winnings from you - what were those again? |
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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NDFARMER
1000+ Penny Miser Member
USA
1197 Posts |
Posted - 09/01/2008 : 09:53:46
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quote:
Originally posted by Nickelless
quote:
Originally posted by Steiner
It seems pretty cut and dry with me, description is vague on wheats but not IMO misleading at all.
Just curious, what do you think is vague about wheats? Should I add a more explicit disclaimer that coins found in previous lots do not guarantee their presence in future lots? I don't want to insult bidders' intelligence by unnecessarily stating the obvious, but I don't want my description to be construed as vague--which I don't think it is, but I'm curious to know what you were referring to.
I didn't say anything was vague or misleading in your description. When I read your description you are selling a bag of copper. But I just think the top bidders are thinking there is more to these pennies than just copper. With people selling bags of copper for $78.00 with a BIN why would anyone pay double that for the same thing? Isn't a bag of copper a bag of copper?
Don't get me wrong I am happy for you and all of us. I hope your next bag goes even higher. I like it when one of our auctions goes well. Those are the ones I show to my wife and tell her see what all those bricks are worth that I have been "wasting my time on". |
COPPER - the "poormans" precious metal!!!
SELLING - $100.00 face copper shipped to you for $189.00 machine rolled or bagged - PM me if your interested. |
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horgad
1000+ Penny Miser Member
USA
1641 Posts |
Posted - 09/01/2008 : 19:21:13
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quote:
Originally posted by Nickelless
quote:
Originally posted by Steiner
It seems pretty cut and dry with me, description is vague on wheats but not IMO misleading at all.
Just curious, what do you think is vague about wheats? Should I add a more explicit disclaimer that coins found in previous lots do not guarantee their presence in future lots? I don't want to insult bidders' intelligence by unnecessarily stating the obvious, but I don't want my description to be construed as vague--which I don't think it is, but I'm curious to know what you were referring to.
I tend to shoot myself in the foot when I list auctions because I want to be absolutely sure that nobody misreads them (E-Bay tilting all the power to sellers keep my paranoid.)
But if/when I was to list a bag of coppers that included wheats I would include a statement like "This lot includes copper pennies pulled from circulation exclusively by machine sorting. Typically pennies sorted in this fashion will include wheat pennies (about 1 in 100), Canadian copper pennies (about 1 in 100), and 1959-1982 coppers (about 98 in 100). Also possible but extremely unlikely (maybe 1 in 10,000) would be copper pennies from other countries, Indian Head pennies, or mis-sorted zinc pennies." |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 09/01/2008 : 21:31:49
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| Ah, but then when they didn't find a full roll of wheats they would probably hammer you on the feedback for not having the percentages that are "typical." You can't word it well enough to please all buyers. Just as some buyers think there should be a key date or 3 in every bag of "unsearched" wheats. Some buyers think my bags of copper memorials should contain mostly "S mint" cents since I live near the SF mint, and one even gave me a negative once because he didn't feel the percentage of "S mint" cents in the bag was equal to his expectations. |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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Unbelivable!! Wow...a new Realcent record?
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