John, Have you ever sold on an Auction?? Have tried both ways,without a reserve you risk someone buying them at face,& the collection cost me well over that. Which has already happened to me on a few occassions. If you take the time And figure out what some of the Higher priced $7.00s are worth, & bid something reasonable,I wouldn't call that wasting a buyers time either,or you just don't bid. Isn't that what an Auction is all about!! Bidding.