Price too low?

[mugsisme]

I sold a gold necklace within minutes of the listing going live. Does that mean it's priced too low? It was a gold add a ball vintage necklace that weighs just under 2 grams. I put it up for $99 BIN because some of the balls are dented. I put up a bunch more gold, and now I'm worried I priced it too low. It went for double spot.

 

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[2ndisbest]

I have sold stuff within 5 minutes of listing and I sold a video game as I was listing my next item. I research my prices and will go below market on some items just to move it. If you wanted $99 and got it you shouldn't feel bad. Buyer and seller are happy.

 

[Beachkid23]

I sold one last night for $34/ gram within 5 min. Had two offers- 1 for $130, the other for $289. Spot was 8.3 I think. I would rather sell right away then have it sit up there for 6 months or longer!

 

[garagesaleaddict]

As long as you do your research on the item, I wouldn't worry about it selling quickly.
This has happened to me many times and it might just be the one that the buyer sees first and wants it.

 

[stefen]

Its when you post a greedy price and it doesn't sell is when you're a loser...

 

[Beachkid23]

I just bought a hat today for two dollars and listed for $35 best offer with free shipping. It sold in about four minutes flat. Guess it was worth more... Oh well. I would not have guessed it was worth $35 but I see some of them so for $80-150. Of course Munsell had the tag on it too.

 

[Drmad7]

Like it was said, if you got the price you asked for, be happy. Just research a bit more if it concerns you. I bought a vintage Nutone Food Center for $14.99 and with minimal research, listed it for $450 BIN. I wanted to sell it for as close to the prices of a new one ($499.00). It sold within an hour! To the guy who sells new ones! I knew I undersold it at that point but it was $450 I hadn't expected to get hours earlier. The guy received it Monday and it is currently listed for $899.00! If it sells for that amount, we will both have made about the same amount of profit! So I'm still satisfied…but will research items a tad further(maybe) in the future.

 

[diggummup]

I wouldn't worry about it if it wasn't designer signed then you did real well with 2 grams of gold for $99.