Help! Can Anyone Recommend an eBay Alternative for Selling My Graded CC Morgan Dollars?
C2C
Posts: 108 ✭✭✭
Thanks to everyone that helped with my question.
2
C2C
Posts: 108 ✭✭✭
Comments
It was stated by someone the listing the years and mint mark/certified company of the actual coins, while not offering them for sale here, was "shilling". So I have removed the dates of the coins I was asking about. I thought it was important to show they were not raw, but certified, but another disagreed.
I simply do not want to be robbed using eBay. Finding a good outlet would be appreciated. Thank you.**
How about right here on the Buy, Sell, Trade Forum?
Just include some nice pictures with your listing and what you’re looking to get for them.
MY GOLD TYPE SET https://pcgs.com/setregistry/type-sets/complete-type-sets/gold-type-set-12-piece-circulation-strikes-1839-1933/publishedset/321940
BST has worked for many. Check out the rules for doing that.
The other option involves auction houses. Those come with fees though. There is Great Collections and Heritage (both have representation here on CU).
Successful BST with BustDMs , Pnies20, lkeigwin, pursuitofliberty, Bullsitter, felinfoel, SPalladino (CBH's - 37 Die Marriage's)
$5 Type Set https://www.pcgs.com/setregistry/u-s-coins/type-sets/half-eagle-type-set-circulation-strikes-1795-1929/album/344192
CBH Set https://www.pcgs.com/setregistry/everyman-collections/everyman-half-dollars/everyman-capped-bust-half-dollars-1807-1839/album/345572
Great Collections
Again as said, GC or here
Those should sell well... And the BST right here has no fees and a large audience..... This would be your best venue for not getting 'fee robbed'. Otherwise GC as recommended above for an auction house... but has fees. Cheers, RickO
That's some nice CC dollars you have. I would definitely try the BST forum.
Successful BST with ad4400, Kccoin, lablover, pointfivezero, koynekwest, jwitten, coin22lover, HalfDimeDude, erwindoc, jyzskowsi, COINS MAKE CENTS, AlanSki, BryceM
what they said ... BST !!
Top 10 Cal Fractional Type Set
successful BST with Ankurj, BigAl, Bullsitter, CommemKing, DCW(7), Downtown1974, Elmerfusterpuck, Joelewis, Mach1ne, Minuteman810430, Modcrewman, Nankraut, Nederveit2, Philographer(5), Realgator, Silverpop, SurfinxHI, TomB and Yorkshireman(3)
I would recommend the BST too.
Part of it is I want to see the coins your selling as do many of us here so the BST recommendation may be a little biased.
Collector
75 Positive BST transactions buying and selling with 45 members and counting!
instagram.com/klnumismatics
I would try BST first, no seller fees, no buyer fees and a sophisticated audience.
If you don't want the hassle of dealing with the end user Heritage or Great Collections would both be good choices but both charge the buyers fees that most buyers take into consideration when placing their bids and there are also seller fees involved.
Why are you not interested in selling on eBay? Sure there are seller fees involved but no buyer fees and you can list your dollars for free only paying if they sell and include what you would pay in eBay fees in your asking price. For what you get I think the eBay fees are very competitive.
it's crackers to slip a rozzer the dropsy in snide
@C2C The BST Forum is a great place to sell coins since there are no fees. As a relatively new member here, you may be requested to ship any coins prior to payment. This is not a problem if you are dealing with a well established forum member.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
eBay won't rob you. They charge a fair price for a fair service.
If you get 20% more but it costs you 12% to get it, you are up 8%. Don't make the mistake of focusing on the fees and ignoring the important thing: net dollars in your pocket.
If you put them on BST, make sure you price them highly enough. There's no advantage to selling at wholesale on the BST.
Do you know what you want to net on each? How soon do you want money? Do you like the thrill of auctions?
Do you want to deal with someone locally?
Great collections
@C2C - I just sold my complete CC Morgan set to focus on chasing old holders. I did the research and the math by comparing recent sales of similar coins and grades on GC, Heritage and ebay. As @jmlanzaf noted, don't get hung up on the fees if the net result is a higher return. I chose Heritage even with their higher buyer's premium. In the end, their marketing and large audience more than compensated for the premium. I was very satisfied with the results.
I would also try Heritage. They would offer a fair amount for the entire set. Cash on the spot so you don't have to hassle fees and shipping (and subsequent, possible: "I didn't get the coin" scenarios).
peacockcoins
This makes great sense. Heritage can probably predict what such coins will bring within a few dollars. They are popular but not rare. CC's move quickly so their offer will probably be very reasonable.
Does Heritage and GC report your sales to the IRS? If so, your tax returns just got more complicated.
Does Heritage and GC collect sales taxes? If so, do most bidders factor that in when they determine their maximum bid?
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
I would hope that regardless of the selling venue, everyone pays taxes and files with the IRS in compliance with the applicable laws,
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
I would like to laugh...but I also HOPE everyone pays their taxes.
Of course, the sales tax issue is a little more complicated and could be avoided in certain cases such as the BST. I don't know where GC is with regard to sales tax collection in all 50 states.
I’m interested in a few of those! Can you pm me please?
Thanks everyone. I'll check out Buy Sell Trade here. I'm new enough to the forum that I didn't realize there was one here, so I'm happy to hear there is. I've also looked at the major auction houses, but wanted to get some collectors thoughts and maybe discover something like BST.
I appreciate all of the responses. I'm going to read through them all and I'l pass out some "likes".
" Why are you not interested in selling on eBay? Sure there are seller fees involved but no buyer fees and you can list your dollars for free only paying if they sell and include what you would pay in eBay fees in your asking price. For what you get I think the eBay fees are very competitive."
As for eBay, I know these will sell there, but the fees are just too high given the value of some of my coins. I'd strongly prefer an alternative.
This actually brings up an important question for me. What, if any, seller protection is there here? That's probably the one major concern I've got. Years ago, I was robbed blind on eBay with a new MacBook Pro. I was the seller and I lost the money and the laptop. I had done the due diligence and contacted eBay directly before shipping and was guaranteed a buyer could not take the shipment and then reverse payment, but that's exactly what happened. Seller claimed their card was stolen and within a week eBay ruled against me. No laptop, no cash. I lost $2,100 in an instant. I'd like to never go through that again. It's a second reason I really don't like eBay for selling.
-William
I mentioned this in another response, but I have in fact been robbed using eBay. Whether eBay was simple the useful idiot of the situation or not, I was still out a laptop and $2,100 cash. All it took was the buyer, after receiving the laptop, claiming their card had been stolen and within a week I had lost my new MacBook Pro and my cash, so please be aware that robbery does in fact happen there. Also, fair fee amount to unfair fee amount is very subjective. I don't feel anything above a 10% fee is fair, but you like the 12.9% area. Very subjective. I very much appreciate your sharing your opinion though.
"If you get 20% more but it costs you 12% to get it, you are up 8%." Don't make the mistake of focusing on the fees and ignoring the important thing: net dollars in your pocket.
How do you account for 20% more? Very curious about that... Do you mean by listing above market by 20%, or something else? I don't understand.
These are not taxed in my State.
If I can figure out how, yep.
Well, intentionally or not, you are already shilling them on the US coin board when you aren't supposed to list things for sale here. Follow the advice of others and if you are too skittish walk them to a dealer.
In honor of the memory of Cpl. Michael E. Thompson
See, its remarks like this that are bothersome. Did my asking about forums to sell these violate a rule? I'd take the post down. I'm not offering them here, but asked where other collectors would recommend and what I was selling. I offered nothing here for sale. Why was it worth your time to interject in such a way? If I've violated a rule asking about outlets other than Ebay, please let me know, otherwise, why be insulting and interject where no rules are broken? There has been no "shilling" of anything...
The safest was to sell on the BST is to accept PayPal. Don't ship until after you get paid. PayPal will protect the buyer.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
How long ago was this? Recent policies are that sellers are protected from unauthorized credit card use as long as you are able to provide delivery confirmation to the correct shipping address. Though the fact that you contacted eBay makes me wonder if there was something unusual about the transaction.
PayPal no longer protects the seller as I found out
Well, that sucks. I knew that was the case with PayPal Friends and Family, but I thought the 3.5% regular PP fee
included buyer protection.
Worry is the interest you pay on a debt you may not owe.
"Paper money eventually returns to its intrinsic value---zero."----Voltaire
"Everything you say should be true, but not everything true should be said."----Voltaire
If you get 10% less and it costs you 12% to get it........... Well....................
Classic feepay going against sellers, bite the hand that feeds.......................................................
"How long ago was this? Recent policies are that sellers are protected from unauthorized credit card use as long as you are able to provide delivery confirmation to the correct shipping address. Though the fact that you contacted eBay makes me wonder if there was something unusual about the transaction."
It was several years ago, but the scar still stings....
Actually, eBay would have had nothing to do with that, The credit card company would be in charge of that. So, curse Mastercard or Visa.
Hey C2C- no lie, there is an element of trust on BST. However, the big dealers and the collectors on BST depend on their reputation and a bad customer experience buyer or seller does not stay quiet. I have purchased and sold many times on BST and knock on wood, every time has worked out fine. One time a dealer sent me the wrong coin, I bought a $100 Morgan and he sent me a four figure coin and sent my Morgan to a dealer in the Midwest. Soon as I got it, the three of us got on the phone and got it squared away asap. Reputation matters. Good luck selling man.
V/r
Mike
100% positive transactions with SurfinxHI, bigole, 1madman, collectorcoins, proofmorgan, Luke Marshall, silver pop, golden egg, point five zero,coin22lover, alohagary, blaircountycoin,joebb21
That request to contact that member is not acceptable behaviour on his part. All you can do with it is ignore him.
Maybe it might be best to let Great Collections handle your coins. If you're not in the business of selling, there is a lot of noise to deal with and GC is my recommendation.
Good luck in your journey.
There may not be sales tax, but there most assuredly is a tax on your gains from the sale. Even if your state doesn’t have an income tax you will have a taxable federal gain unless you sell for a net loss.
It was hypothetical.
Not so, eBay froze the transaction did an "internal investigation" which took just under a week, and ruled against me as the seller. I know, because I was the seller...
Thanks, I was just contacted by GC and may well go through them. Thanks everyone for your help. Much appreciated.
There may not be sales tax, but there most assuredly is a tax on your gains from the sale. Even if your state doesn’t have an income tax you will have a taxable federal gain unless you sell for a net loss.
And then it becomes a deduction.
eBay may have communicated with you, but whenever there's an outside payer, they defer to the payer whether it is PayPal, the CC or both. eBay will only step in after the payer steps out.
I've been through it a dozen times over the years, for what that's worth.
Maybe. Taking a deduction for a loss in coin sales has much more of an “it depends” than does recording a profit as income.