Requesting For Sale Information

[Mauser720]

goodwind -

The offering at "1 cent at no reserve" means that the minimum acceptable bid on your Luger in an auction is only one cent. It also means that there is no minimum acceptable price for your Luger to sell. The reserve price is supposed to be known only to the seller of the item. If you had a reserve of $1,000, then this would mean that if the bidding never gets to at least $1,000.00, then the pistol is not considered sold. The thing you want to be aware of is that if you start the bidding at a low amount like one cent, and you also have no reserve price, then your pistol will be considered sold regardless of how low the winning bid ends up being at the end of the auction. For example, if you started the bidding at only 1 cent and had no reserve, your pistol could be sold for as little as 2 cents. This is an exaggeration, but you get the idea. My suggestion would be to start the bidding high enough that you feel comfortable and also to establish a reserve price for it that seems reasonable to you. Based on what you have written and what the experts have told you, you might want to establish a reserve of $1,000 or $1,200, for example.

Hope this helps, and good luck with it. By the way, where are you thinking on listing it at auction, or were you planning on simply listing it for sale here on The Forum in the "For Sale" section? If you use our Forum, be aware that this is not an auction format.

Mauser720 - Ron