I have decided to throttle down on E-Bay sales this year. Why pay 12+% AND deal with bottom feeders that always want quality at under bid? I have better sales tools.
If you do what you always did, you get what you always got.
So, some of the lowest seller fees are in coins and bullion. Especially higher dollar. What auction company is cheaper ? True, we sellers have to do the auctioneer's work. But those fees are a lot higher elsewhere. Then again, most auction houses would ban bidders who do not pay after winning. eBay is wrought with such buyers ( players).
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
@PerryHall said:
The BST Forum is looking better and better.
As long as your sale will not be reportable via a 1099K being issued. Don't forget pp ff transactions do qualify for a 1099
I only buy from well established forum members and pay by personal check.
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
@PerryHall said:
The BST Forum is looking better and better.
As long as your sale will not be reportable via a 1099K being issued. Don't forget pp ff transactions do qualify for a 1099
I only buy from well established forum members and pay by personal check.
Good choice, as long as they are not a dealership requiring a 1099 on transactions
I'm not a dealer. If I buy a coin from someone, I don't think I have to issue them a 1099.
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
@OPA said:
3/10th of a % increase in coins.....compared to your other major auction sites, is nothing.
Just watch...it's only the beginning. Next they will take away the generous free listings. Without a store it's no on par with Great Collections fees if the buyer pays with a CC. If not GC is a little cheaper.
Just closed my ebay store.... after 20 years....no knee jerk reaction on my part.... just a gradual erosion of profit and tolerance... ebay certainly has its place...I am always a buyer.
I have not used ebay this year. I tried to cancel my account but they say I can't if I have a subscription on going. I don't know anything about subscription. I will have to call them and have them cancel my account. I don't want anything to do with them anymore.
The BS&T is my favorite place to shop. Always has been.
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
@thebigeng said:
Well, I haven't read all the comments, but I think eBay is still a good way to sell for fairly cheap compared to other venues..
.
It's also a good way to buy for fairly cheap compared to other venues... 🙂
100th pint of blood donated 7/19/2022 . Transactions with WilliamF, Relaxn, LukeMarshal, jclovescoins, braddick, JWP, Weather11am, Fairlaneman, Dscoins, lordmarcovan, Collectorcoins, SurfinxHI, JimW. God so loved the world that he gave his only begotten son, that who so believeth in him should not perish but have everlasting life.
I did not realize ebay had such structured selling fees.... I have never sold anything on ebay. I do not buy much there... and when I do, it is not coins. I do find ebay useful for hard to find stuff when a need arises. Cheers, RickO
Many BST buyers are looking to buy at below wholesale in my experience. You’ll get more on eBay, but then fees wipe out your profit so they net about the same. No good way to do this.
I gave up selling on eBay a year ago due to weak prices. Great Collections is where the action is for me right now. But the other thing that really perturbs me on eBay is the lack of self policing. The number of scam sellers, rip offs, and total coin sales "I saw it on Youtube so its got to be worth millions" is just out of hand right now. Reporting this crap does nothing.
WS
Proud recipient of the coveted PCGS Forum "You Suck" Award Thursday July 19, 2007 11:33 PM and December 30th, 2011 at 8:50 PM.
eBay is the only way to go, really, if your goal is to move from being a mid-level vest dealer to a full-time dealer without a store or tables at shows.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
@ErrorsOnCoins said:
Coin collectors and coin sellers that do not use eBay astonish me
As a collector I've not bought on eBay much because in the three areas I search for there is very little suitable inventory and when it is there it is often priced above retail. In a state with sales tax on coins that's just too much often and the sellers have been generally unwilling to go down 5-10%. That may just be in the three areas I look, though.
Used to love eBay. With the fees now, I wonder if they aren't trying to go out of business for some reason. It's dang near impossible to make a profit there now. It's like they wanna be Amazon, but they're goin down the drain ignoring what they were good at.
@bennybravo said:
Used to love eBay. With the fees now, I wonder if they aren't trying to go out of business for some reason. It's dang near impossible to make a profit there now. It's like they wanna be Amazon, but they're goin down the drain ignoring what they were good at.
You have to break out of that mentality that you make money when you sell a coin.
You lock in your profit when you buy a coin. Whatever you get over that expected sell price you figured out when you bought is gravy. My expected sell prices are marked up to account for eBays fees, and I still do quite well selling there.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
"You have to break out of that mentality that you make money when you sell a coin."
Kudos to you DelewareDoons. Glad you can sell coins without making money and feel good. Hope I can reach the level you've achieved some day. ;-)
I kid you. I've been on eBay since 1998. I'm glad you're able to buy and sell and kill it there. I'm quite sure you have it all figured out. Don't pay any attention to the ramblings of some old dude like me who doesn't know which way is up or down.
Can you give us an example DelewareDoons? I'd love to see an example of what you bought and sold and made a nice profit on using ebay, fees be damned. Can you give us an example on how to make money on ebay? Some of us aren't as savvy as you. Especially us older folks.
I’m done with FeeBay for selling a anything. I might buy but I’ll sure as hell am not going to sell. Actually I quit selling on the sight several years ago.
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
You hold on there you crazyhounddog. Delewaredoons is gonna show us what to do. He has it figured out. Don't give up just yet. He seems to have some method that usurps all fee problems and makes a profit using ebay! Lets wait for his examples.
@bennybravo said:
Can you give us an example DelewareDoons? I'd love to see an example of what you bought and sold and made a nice profit on using ebay, fees be damned. Can you give us an example on how to make money on ebay? Some of us aren't as savvy as you. Especially us older folks.
I just have a world-class eye for buying coins as well as some luck. But you know what they say about luck... Luck is the intersection of preparation and opportunity.
I'm not really going to sit here and outline how I make money doing this, but I will show you this. A screenshot of my eBay feedback as a buyer over the past 12 months, proving that every one of my 452 feedback (on this account) came as a buyer. Now, I make sub $40,000 a year at my day job, and I spent $265,000 on eBay last year. That doesn't happen without profits being made. I'll post a screenshot of my spending from "Mint".
I don't BS.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
Comments
Not a surprise.
I have decided to throttle down on E-Bay sales this year. Why pay 12+% AND deal with bottom feeders that always want quality at under bid? I have better sales tools.
Feepay.
So, some of the lowest seller fees are in coins and bullion. Especially higher dollar. What auction company is cheaper ? True, we sellers have to do the auctioneer's work. But those fees are a lot higher elsewhere. Then again, most auction houses would ban bidders who do not pay after winning. eBay is wrought with such buyers ( players).
3/10th of a % increase in coins.....compared to your other major auction sites, is nothing.
They advertised the increase as a 0.3% increase when in actuality 8.8% vs 8.5% in coins is actually closer to a 3.5% increase.
it's crackers to slip a rozzer the dropsy in snide
.3 divided by 8.5 times 100% is 3.5%
The BST Forum is looking better and better.
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 has the "eyes" and the number of "eyes" dictates how much they can charge.
As long as your sale will not be reportable via a 1099K being issued. Don't forget pp ff transactions do qualify for a 1099
I only buy from well established forum members and pay by personal check.
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
Don't forget pp ff transactions do qualify for a 1099
Is that the policy starting this year?
Good choice, as long as they are not a dealership requiring a 1099 on transactions
I'm not a dealer. If I buy a coin from someone, I don't think I have to issue them a 1099.
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
Just watch...it's only the beginning. Next they will take away the generous free listings. Without a store it's no on par with Great Collections fees if the buyer pays with a CC. If not GC is a little cheaper.
C'mon, don't be so hard on them. They only raised the fees . . . . . . because they could.
Coinlearner, Ahrensdad, Nolawyer, RG, coinlieutenant, Yorkshireman, lordmarcovan, Soldi, masscrew, JimTyler, Relaxn, jclovescoins
Now listen boy, I'm tryin' to teach you sumthin' . . . . that ain't an optical illusion, it only looks like an optical illusion.
My mind reader refuses to charge me....
Just closed my ebay store.... after 20 years....no knee jerk reaction on my part.... just a gradual erosion of profit and tolerance... ebay certainly has its place...I am always a buyer.
I keep expanding my eBay store
Your sale is always reportable if profitable.
Agree. Best bargain in retail.
Took a year...and that's after everyone else already raised their fees. That includes PayPal who raised their fees by 20% last year.
Love eBay!!!
I have not used ebay this year. I tried to cancel my account but they say I can't if I have a subscription on going. I don't know anything about subscription. I will have to call them and have them cancel my account. I don't want anything to do with them anymore.
Not my eyes
As if it makes any difference at all to a law-abiding seller
Has the number of non-paying buyers gone up? I haven't sold any in near a year and out of my first 10 sales, 2 were no contact after winning.
The BS&T is my favorite place to shop. Always has been.
USAF (Ret) 1974 - 1994 - The inherent vice of capitalism is the unequal sharing of blessings; the inherent virtue of socialism is the equal sharing of miseries. Remembering RickO, a brother in arms.
Corporate greed.
Many auction houses are also guilty of the same, no matter what the justification arguments that are made from the other side.
https://www.pcgs.com/setregistry/u-s-coins/quarters/PCGS-2020-quarter-quest/album/247091
"They" will get to that.
I have been selling more and more. I don’t look at anything except my bank account.
Ease of sales, wide user base, known quantity of “issues”, and that’s what I need right now. Ebay has it all.
If my sales get over $500,000 a year, I may look at something different.
Agree. The last 2 years have been phenomenal on ebay.
Well, I haven't read all the comments, but I think eBay is still a good way to sell for fairly cheap compared to other venues..
.
It's also a good way to buy for fairly cheap compared to other venues... 🙂
I did not realize ebay had such structured selling fees.... I have never sold anything on ebay. I do not buy much there... and when I do, it is not coins. I do find ebay useful for hard to find stuff when a need arises. Cheers, RickO
Many BST buyers are looking to buy at below wholesale in my experience. You’ll get more on eBay, but then fees wipe out your profit so they net about the same. No good way to do this.
Coin collectors and coin sellers that do not use eBay astonish me
It has become troublesome with bookkeeping unless you are completely set up on a computer system to handle it.
I gave up selling on eBay a year ago due to weak prices. Great Collections is where the action is for me right now. But the other thing that really perturbs me on eBay is the lack of self policing. The number of scam sellers, rip offs, and total coin sales "I saw it on Youtube so its got to be worth millions" is just out of hand right now. Reporting this crap does nothing.
WS
eBay is the only way to go, really, if your goal is to move from being a mid-level vest dealer to a full-time dealer without a store or tables at shows.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
The ones that consign three-figure coins to Heritage or Stacks/Bowers astonish me even more. You pay 22.5% in vig for worse results than ebay.
But you can make up for it in volume!
As a collector I've not bought on eBay much because in the three areas I search for there is very little suitable inventory and when it is there it is often priced above retail. In a state with sales tax on coins that's just too much often and the sellers have been generally unwilling to go down 5-10%. That may just be in the three areas I look, though.
TurtleCat Gold Dollars
I'm seeing a lot of great world coins each week on Great collections lately
Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
Used to love eBay. With the fees now, I wonder if they aren't trying to go out of business for some reason. It's dang near impossible to make a profit there now. It's like they wanna be Amazon, but they're goin down the drain ignoring what they were good at.
https://www.ebay.com/mys/active
You have to break out of that mentality that you make money when you sell a coin.
You lock in your profit when you buy a coin. Whatever you get over that expected sell price you figured out when you bought is gravy. My expected sell prices are marked up to account for eBays fees, and I still do quite well selling there.
"It's like God, Family, Country, except Sticker, Plastic, Coin."
"You have to break out of that mentality that you make money when you sell a coin."
Kudos to you DelewareDoons. Glad you can sell coins without making money and feel good. Hope I can reach the level you've achieved some day. ;-)
https://www.ebay.com/mys/active
I kid you. I've been on eBay since 1998. I'm glad you're able to buy and sell and kill it there. I'm quite sure you have it all figured out. Don't pay any attention to the ramblings of some old dude like me who doesn't know which way is up or down.
https://www.ebay.com/mys/active
Can you give us an example DelewareDoons? I'd love to see an example of what you bought and sold and made a nice profit on using ebay, fees be damned. Can you give us an example on how to make money on ebay? Some of us aren't as savvy as you. Especially us older folks.
https://www.ebay.com/mys/active
I’m done with FeeBay for selling a anything. I might buy but I’ll sure as hell am not going to sell. Actually I quit selling on the sight several years ago.
You hold on there you crazyhounddog. Delewaredoons is gonna show us what to do. He has it figured out. Don't give up just yet. He seems to have some method that usurps all fee problems and makes a profit using ebay! Lets wait for his examples.
https://www.ebay.com/mys/active
I just have a world-class eye for buying coins as well as some luck. But you know what they say about luck... Luck is the intersection of preparation and opportunity.
I'm not really going to sit here and outline how I make money doing this, but I will show you this. A screenshot of my eBay feedback as a buyer over the past 12 months, proving that every one of my 452 feedback (on this account) came as a buyer. Now, I make sub $40,000 a year at my day job, and I spent $265,000 on eBay last year. That doesn't happen without profits being made. I'll post a screenshot of my spending from "Mint".
I don't BS.
"It's like God, Family, Country, except Sticker, Plastic, Coin."