Awesome man! Can you give a more specific example though? Just one where you purchased a coin for x and sold it for y? Those graphs are quite impressive though.
@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 sell 75% of my material on ebay and 90% of it is profitable. There is no venue cheaper to sell. What you need is wholesale sources of material, which is what #delawaredoons was explaining before you decided to read half of what he said and be sarcastic.
If you have a $100 coin to sell, you can pay 25% in fees at GC, 20 to 30% at Heritage or Stacks, or 12% (shipping included) on ebay. Explain to me how ebay is the expensive venue?
@bennybravo said:
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.
You can keep being an a$$ or recognize that there are a lot of ebay sellers in this sight that make money.
Seriously, just show where you bought something for x, sold it for y on ebay and show the fees involved. Not knockin ya. It's a tough way to go usually. Show what ya did. Give an example and brag on yourself! Not trying to insult you at all. Show us all how you made out! One example.
@bennybravo said:
Can you guys show examples though? Props to you. Just show one example where you bought something for x and sold it for y. Thanks.
I buy entire collections. I'm not sure what you can learn from any one example.
I recently bought a partial set of 20 proof presidential dollars in PCGS 70 holders. I paid $8 each in the auction. I sold them individually in ebay and averaged $17 each, with free shipping. They shipped to 6 different people, average shipping cost of $2 per coin. Ebay fees, with store and top-rated seller are 8% +30 cents or $1.66 per coin. So, shipping and fees were $3.66 per coin. Net proceeds were $13.34 per coin. Subtracting the $8 each that I paid is a net pretax profit of $5.34 per coin.
I also recently bought an extensive collection of US stamps from a dealer for $6500. I broke up the collection and have realized a little over $10k for the collection.
.
Huh...
My ebay spending over the last 6 months is really close to yours, if I divide yours by 50 or 100...
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.
Awesome dude. Sounds like you're doin great. Nothing wrong with buying a big collection and breaking it up. That's definitely work. I get that. People selling a coin they bought for a hundred bucks 20 years ago for $120 and then getting sunk with fees that make them lose money on the deal is what ebay does that hurts folks. No issue with capitalism at all.
@bennybravo said:
People selling a coin they bought for a hundred bucks 20 years ago for $120 and then getting sunk with fees that make them lose money on the deal is what ebay does that hurts folks.
What eBay does is provide a place for people to offer stuff for sale. They don't force people to sell stuff that they'll lose money on.
There are currently over 1 million items for sale in the US Coins section on eBay. Do you suppose there'd be that many if everybody was losing money?
edited to add... As far as someone selling a coin they bought for a hundred bucks 20 years ago for $120 and then getting sunk with fees that make them lose money on the deal, they also have the option of selling that coin to the local B&M. Who will wholesale it out to somebody else who'll sell it to someone who ends up selling it on eBay for a profit. Which option do you think will generate the most money for the original owner?
Wow cap'n obvious. You mean you can sell stuff on eBay? No, they don't force anyone to sell anything. The reason they're a shell of what they once were is because of fees. Gee, thanks for telling folks they can sell stuff on eBay. Sheesh.
@bennybravo said:
Wow cap'n obvious. You mean you can sell stuff on eBay? No, they don't force anyone to sell anything. The reason they're a shell of what they once were is because of fees. Gee, thanks for telling folks they can sell stuff on eBay. Sheesh.
Benny, you seem to have a bee in your bonnet. Look at your last few posts, and dial it down a notch, eh?
Just sayin'...
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.
@bennybravo said:
No, they don't force anyone to sell anything.
Then we're agreed. eBay doesn't make people lose money. But previously, you said they did...
@bennybravo said:
People selling a coin they bought for a hundred bucks 20 years ago for $120 and then getting sunk with fees that make them lose money on the deal is what ebay does that hurts folks.
The BST here does have many advantages (such as a greater degree of piece of mind and security and ease of transaction) but monetary value it is not.
My experience on numerous sales has been Ebay results in higher prices.
My most recent sale of two Morgansof which I posted last year here on the BST at a total of $550 us ($690.00 Canadian) consisted of a raw 1895-o and 1884-s Morgan, very recently sold on Ebay for $650 and $330 Canadian (respectively).
I didn't get one bite here.
Probably it's because they weren't graded.
But I've been on Ebay since 1998 and it's the best place for me still (even with ever increasing costs).
"Gold is money, and nothing else" (JP Morgan, 1912)
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
I wonder if BST is conducive to trades... for example, what are the odds that, if I have a nice stack of PCGS higher-grade mercs, and want to trade for a slabbed key-date morgan, is that something that would get any bites?
If a guy has some coins of moderate value, and wants to have instead some other coin or coins of near the same value... what is the best way to accomplish that? Seems to me, selling one set, and then buying the other, means you pay somebody's profit margin twice. I don't mind paying once.
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.
@bennybravo said:
By the way, Where did I ever say people are forced to lose money chief? Would love to see that quote of something I didn't say.
Right here, boss.
"People selling a coin they bought for a hundred bucks 20 years ago for $120 and then getting sunk with fees that make them lose money on the deal is what ebay does that hurts folks."
@bennybravo said:
Thank you MasonG. I appreciate that you requoted me and saw that no force was implied. Apology accepted boss. ;-)
Boy, you really are...[full in the blank]
Ebay fees are quite inexpensive for what they offer. PayPal charges 3.5 % just to process payments. Ebay gives you a listing tool and millions of eyeballs AND processes your payments for a total of 8.5%
There is NO place cheaper to sell. If you knew anything about retail, you'd recognize that rather than hijacking this thread and trolling everyone.
Ebay has changed retail by enabling tens of thousands of everyday folks to open their own businesses.
Agreed, lets get on whoevever said ebay "makes" someone do something. Show that quote and we'll go after them. Can you post that quote for me please? Just wanna make sure you aren't puttin words in folk's mouths to fit some agenda. Thanks.
@moursund said:
I wonder if BST is conducive to trades... for example, what are the odds that, if I have a nice stack of PCGS higher-grade mercs, and want to trade for a slabbed key-date morgan, is that something that would get any bites?
If a guy has some coins of moderate value, and wants to have instead some other coin or coins of near the same value... what is the best way to accomplish that? Seems to me, selling one set, and then buying the other, means you pay somebody's profit margin twice. I don't mind paying once.
Trades are very hard to accomplish. It's why money was invented in the first place. What are the odds that the person who has a dollar that you want also wants the dimes you have? You might well have to give up more in the trade than "somebody's profit margin twice. "
@bennybravo said:
Agreed, lets get on whoevever said ebay "makes" someone do something. Show that quote and we'll go after them. Can you post that quote for me please? Just wanna make sure you aren't puttin words in folk's mouths to fit some agenda. Thanks.
There is NO REASON why someone selling a coin that they paid retail for 20 years ago should make money. It's not eBay's fault that the coin failed to appreciate more than 9% in 20 years.
@jmlanzaf said:
Ebay has changed retail by enabling tens of thousands of everyday folks to open their own businesses.
And yet, some people are apparently unable to figure out how to make it work. Makes them cranky, it does.
Some people seem to think that it is free to own a B&M store and that it is free to consign to auction and that it is free to have a website and process payments. There are many reasonable complaints one could have about ebay. However, the "high fees" argument is really ignorant.
@bennybravo said:
Agreed, lets get on whoevever said ebay "makes" someone do something. Show that quote and we'll go after them. Can you post that quote for me please?
??? You wrote it.
@bennybravo said:
People selling a coin they bought for a hundred bucks 20 years ago for $120 and then getting sunk with fees that make them lose money on the deal is what ebay does that hurts folks.
@moursund said:
I wonder if BST is conducive to trades... for example, what are the odds that, if I have a nice stack of PCGS higher-grade mercs, and want to trade for a slabbed key-date morgan, is that something that would get any bites?
If a guy has some coins of moderate value, and wants to have instead some other coin or coins of near the same value... what is the best way to accomplish that? Seems to me, selling one set, and then buying the other, means you pay somebody's profit margin twice. I don't mind paying once.
Trades are very hard to accomplish. It's why money was invented in the first place. What are the odds that the person who has a dollar that you want also wants the dimes you have? You might well have to give up more in the trade than "somebody's profit margin twice. "
.
Good point. Would you figure that it would be to my advantage to sell my items on the BST, or take them into a LCS? I guess what I'm asking is, would a dealer here on the forum likely pay more than LCS for my PCGS slabbed coins.
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.
@moursund said:
I wonder if BST is conducive to trades... for example, what are the odds that, if I have a nice stack of PCGS higher-grade mercs, and want to trade for a slabbed key-date morgan, is that something that would get any bites?
If a guy has some coins of moderate value, and wants to have instead some other coin or coins of near the same value... what is the best way to accomplish that? Seems to me, selling one set, and then buying the other, means you pay somebody's profit margin twice. I don't mind paying once.
Trades are very hard to accomplish. It's why money was invented in the first place. What are the odds that the person who has a dollar that you want also wants the dimes you have? You might well have to give up more in the trade than "somebody's profit margin twice. "
.
Good point. Would you figure that it would be to my advantage to sell my items on the BST, or take them into a LCS? I guess what I'm asking is, would a dealer here on the forum likely pay more than LCS for my PCGS slabbed coins.
Not necessarily.
The person who will pay most is the collector who wants that actual coin. The person who will pay the second must is the dealer who has a ready buyer. The pertain who pays the 3rd most is the dealer. The person who pays the least is the collector who is not really interested in the coin.
Hard to say where you would find the top buyer. This forum had a very limited set of eyeballs.
@bennybravo said:
I think we can all agree they take a bigger bite than they should.
You're free to think whatever you like.
Although Mr Benny may think EBay charges for that as well
m
Walker Proof Digital Album Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
MrBenny doesn't think eBay charges for anything above and beyond. Holy crap, Justacommeman, what the heck are you even talking about? Sorry for posting an opinion. Sheesh. Anyone else want to pile on?
I'm sure this will be confusing for some, but there's nothing I can do about that.
This conversation makes me feel not so bad about my silly jokes.... 😉
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.
Comments
Everybody wants to be a dealer.
Awesome man! Can you give a more specific example though? Just one where you purchased a coin for x and sold it for y? Those graphs are quite impressive though.
https://www.ebay.com/mys/active
I'm very jealous though. Why can't i have a world class eye. :-(
https://www.ebay.com/mys/active
I sell 75% of my material on ebay and 90% of it is profitable. There is no venue cheaper to sell. What you need is wholesale sources of material, which is what #delawaredoons was explaining before you decided to read half of what he said and be sarcastic.
If you have a $100 coin to sell, you can pay 25% in fees at GC, 20 to 30% at Heritage or Stacks, or 12% (shipping included) on ebay. Explain to me how ebay is the expensive venue?
You with world class eyes like this man obviously has, I'm jealous of you all. You're so lucky. I just have regular eyes.
https://www.ebay.com/mys/active
You can keep being an a$$ or recognize that there are a lot of ebay sellers in this sight that make money.
@ErrorsOnCoins @DelawareDoons @jessewvu @jmlanzaf
We PAY the fees because of what we get for the fees.
Right on jmlanzaf. You tell'em.
https://www.ebay.com/mys/active
Can you guys show examples though? Props to you. Just show one example where you bought something for x and sold it for y. Thanks.
https://www.ebay.com/mys/active
Not being smart here, eager to learn!
https://www.ebay.com/mys/active
Seriously, just show where you bought something for x, sold it for y on ebay and show the fees involved. Not knockin ya. It's a tough way to go usually. Show what ya did. Give an example and brag on yourself! Not trying to insult you at all. Show us all how you made out! One example.
https://www.ebay.com/mys/active
I buy entire collections. I'm not sure what you can learn from any one example.
I recently bought a partial set of 20 proof presidential dollars in PCGS 70 holders. I paid $8 each in the auction. I sold them individually in ebay and averaged $17 each, with free shipping. They shipped to 6 different people, average shipping cost of $2 per coin. Ebay fees, with store and top-rated seller are 8% +30 cents or $1.66 per coin. So, shipping and fees were $3.66 per coin. Net proceeds were $13.34 per coin. Subtracting the $8 each that I paid is a net pretax profit of $5.34 per coin.
I also recently bought an extensive collection of US stamps from a dealer for $6500. I broke up the collection and have realized a little over $10k for the collection.
.
Huh...
My ebay spending over the last 6 months is really close to yours, if I divide yours by 50 or 100...
Awesome dude. Sounds like you're doin great. Nothing wrong with buying a big collection and breaking it up. That's definitely work. I get that. People selling a coin they bought for a hundred bucks 20 years ago for $120 and then getting sunk with fees that make them lose money on the deal is what ebay does that hurts folks. No issue with capitalism at all.
https://www.ebay.com/mys/active
What eBay does is provide a place for people to offer stuff for sale. They don't force people to sell stuff that they'll lose money on.
There are currently over 1 million items for sale in the US Coins section on eBay. Do you suppose there'd be that many if everybody was losing money?
edited to add... As far as someone selling a coin they bought for a hundred bucks 20 years ago for $120 and then getting sunk with fees that make them lose money on the deal, they also have the option of selling that coin to the local B&M. Who will wholesale it out to somebody else who'll sell it to someone who ends up selling it on eBay for a profit. Which option do you think will generate the most money for the original owner?
Wow cap'n obvious. You mean you can sell stuff on eBay? No, they don't force anyone to sell anything. The reason they're a shell of what they once were is because of fees. Gee, thanks for telling folks they can sell stuff on eBay. Sheesh.
https://www.ebay.com/mys/active
Benny, you seem to have a bee in your bonnet. Look at your last few posts, and dial it down a notch, eh?
Just sayin'...
hey moursund, no bees here. Not sure whatcha mean there. Hope you're having a pleasant day. :-)
https://www.ebay.com/mys/active
Then we're agreed. eBay doesn't make people lose money. But previously, you said they did...
Agreed. Nobody us forced to use eBay and pay their high fees. I think we can all agree they take a bigger bite than they should.
https://www.ebay.com/mys/active
is forced
https://www.ebay.com/mys/active
You're free to think whatever you like.
I don't know guys...Ebay is still #1 for me.
The BST here does have many advantages (such as a greater degree of piece of mind and security and ease of transaction) but monetary value it is not.
My experience on numerous sales has been Ebay results in higher prices.
My most recent sale of two Morgansof which I posted last year here on the BST at a total of $550 us ($690.00 Canadian) consisted of a raw 1895-o and 1884-s Morgan, very recently sold on Ebay for $650 and $330 Canadian (respectively).
I didn't get one bite here.
Probably it's because they weren't graded.
But I've been on Ebay since 1998 and it's the best place for me still (even with ever increasing costs).
"“Those who sacrifice liberty for security/safety deserve neither.“(Benjamin Franklin)
"I only golf on days that end in 'Y'" (DE59)
By the way, Where did I ever say people are forced to lose money chief? Would love to see that quote of something I didn't say.
https://www.ebay.com/mys/active
I wonder if BST is conducive to trades... for example, what are the odds that, if I have a nice stack of PCGS higher-grade mercs, and want to trade for a slabbed key-date morgan, is that something that would get any bites?
If a guy has some coins of moderate value, and wants to have instead some other coin or coins of near the same value... what is the best way to accomplish that? Seems to me, selling one set, and then buying the other, means you pay somebody's profit margin twice. I don't mind paying once.
Right here, boss.
"People selling a coin they bought for a hundred bucks 20 years ago for $120 and then getting sunk with fees that make them lose money on the deal is what ebay does that hurts folks."
eBay doesn't make (force) anybody to do anything.
Thank you MasonG. I appreciate that you requoted me and saw that no force was implied. Apology accepted boss. ;-)
https://www.ebay.com/mys/active
Saying eBay makes someone do something is the same as saying eBay forces someone do something.
Boy, you really are...[full in the blank]
Ebay fees are quite inexpensive for what they offer. PayPal charges 3.5 % just to process payments. Ebay gives you a listing tool and millions of eyeballs AND processes your payments for a total of 8.5%
There is NO place cheaper to sell. If you knew anything about retail, you'd recognize that rather than hijacking this thread and trolling everyone.
Ebay has changed retail by enabling tens of thousands of everyday folks to open their own businesses.
Agreed, lets get on whoevever said ebay "makes" someone do something. Show that quote and we'll go after them. Can you post that quote for me please? Just wanna make sure you aren't puttin words in folk's mouths to fit some agenda. Thanks.
https://www.ebay.com/mys/active
And yet, some people are apparently unable to figure out how to make it work. Makes them cranky, it does.
Trades are very hard to accomplish. It's why money was invented in the first place. What are the odds that the person who has a dollar that you want also wants the dimes you have? You might well have to give up more in the trade than "somebody's profit margin twice. "
There is NO REASON why someone selling a coin that they paid retail for 20 years ago should make money. It's not eBay's fault that the coin failed to appreciate more than 9% in 20 years.
Some people seem to think that it is free to own a B&M store and that it is free to consign to auction and that it is free to have a website and process payments. There are many reasonable complaints one could have about ebay. However, the "high fees" argument is really ignorant.
??? You wrote it.
Still waiting Mason. Show that quote so we can get on them!
https://www.ebay.com/mys/active
.
Good point. Would you figure that it would be to my advantage to sell my items on the BST, or take them into a LCS? I guess what I'm asking is, would a dealer here on the forum likely pay more than LCS for my PCGS slabbed coins.
I showed it. I can't make you read it.
Not necessarily.
The person who will pay most is the collector who wants that actual coin. The person who will pay the second must is the dealer who has a ready buyer. The pertain who pays the 3rd most is the dealer. The person who pays the least is the collector who is not really interested in the coin.
Hard to say where you would find the top buyer. This forum had a very limited set of eyeballs.
I think you're arguing over the meaning of the phrase "make them".
Exactly. You can't quote it because it wasn't said. Thank you MasonG. Please check out MasonG's auctions, can you please post a link?
https://www.ebay.com/mys/active
Make somebody do something = Force somebody to do something.
Not much to argue over there.
Although Mr Benny may think EBay charges for that as well
m
Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
Lol. Still no quote.
https://www.ebay.com/mys/active
Synonyms for make:
blackjack, coerce, compel, constrain, dragoon, drive, force, impel, impress, muscle, obligate, oblige, press, pressure, sandbag
Synonyms for force:
blackjack, coerce, compel, constrain, dragoon, drive, impel, impress, make, muscle, obligate, oblige, press, pressure, sandbag
I'm sure this will be confusing for some, but there's nothing I can do about that.
MrBenny doesn't think eBay charges for anything above and beyond. Holy crap, Justacommeman, what the heck are you even talking about? Sorry for posting an opinion. Sheesh. Anyone else want to pile on?
https://www.ebay.com/mys/active
This conversation makes me feel not so bad about my silly jokes.... 😉
I’m with you Benny boy👍👍
Thanks you crazyhounddog you.
https://www.ebay.com/mys/active
😊
@bennybravo
Fine, here's one. Haven't sold it yet, but when I do, I'll make a few bags. Wasn't even in my top 3 buys of the year last year.
"It's like God, Family, Country, except Sticker, Plastic, Coin."