What does no reserve mean?

[cristobal360]

new coin collector

[terry505m]

A 'reserve' price can be used in an auction so the seller can say, "This is the lowest price I will sell this item," and still start the auction at a lower price that will attract bidders. No one knows what the reserve price is until you bid at or above it, and no one wins the autions unless that price is met. It can be annoying because people bid, but never win, or the actual price is so high that most people can't really win. 'No reserve' means that you won't have to worry about any of this; that the listed bid price is the actual price, and you have a chance of actually getting the item at or near that price. - Terry

[webtransact]

To me the only true auctions are no reserve. Generally, Reserve auctions turn off a lot of potential bidders.

[pdxcollections]

no reserve means the seller agrees that whoever wins the auction can purchase the product at the winning bid price. if you put a $100 dollar item up for sale and the top bid is $5 you still have to go through with it. as tmulcahy says, some sellers will set a reserve price to protect themselves from having to sell an item at too low of a price. the downside is if you set a reserve for $100 and the high bidder is $99.99, then there is no sale (because your reserve price was not met) and you still have to pay the listing fee for the auction.

[jdeiman]

THANK YOU !