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how not to teletrade

EgaEntEgaEnt Posts: 13
in U.S. Coin Forum
Sales Subtotal: $351.00
Seller's Fee: $192.20
Buyback Fee: $5.00
Net Sales: $153.80


add in the 15 percent buyers fee they also got and on $351 in sales they come out with 249.85

makes me want to quit coin collecting and open an auction house

Comments

  • GeomanGeoman Posts: 2,491 ✭✭✭
    Seller's fees are 55%???? image
  • EgaEntEgaEnt Posts: 13
    well to clarify this was my first consignment to them and i misinterpreted their fees as 8 percent or $5 minimum thinking that was for my whole consignment not per coin....oh well not out a whole lot ill chalk it up as "schooling fees" lol....would of rather gave away the crap i sold to a yn than to teletrade though
  • RedTigerRedTiger Posts: 5,608 ✭
    Sounds like quite a few lower value items. Teletrade has minimum fee levels per lot. Best to do the math before consigning. It just doesn't make financial sense for some items, unless there is some kind of super promotion going.
    Investment blog: gold, stocks and more
  • OPAOPA Posts: 17,143 ✭✭✭✭✭
    Combined fees for multiple small auctions...now it makes sense...

    btw .. some sellers are complaining about 12% eBay+PayPal fees?
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."

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