Home U.S. Coin Forum

Question on VAT Tax??????

GRANDAMGRANDAM Posts: 8,515 ✭✭✭✭✭

I sold a US coin on eBay and they charged the buyer $49.19 for a VAT (value added tax) I believe, The coin sold for $211.50 and the buyer's address is in IL.

What is this for? I have sold a lot of coins on eBay and I have never seen this charge to a buyer before so can anyone explain it to me?

25% seems awful high to me?

Is this somehow an out of country buyer?

GrandAm :)

Comments

  • CaptHenwayCaptHenway Posts: 32,141 ✭✭✭✭✭

    Where are you located?

    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • U1chicagoU1chicago Posts: 6,028 ✭✭✭✭✭

    It depends where the buyer registered their account. I had a sale recently where the shipping address was in Florida but the buyer was registered in Argentina.

    Illinois is also where one of the global shipping centers is located. So this could be through that program.

  • GRANDAMGRANDAM Posts: 8,515 ✭✭✭✭✭

    It does have eiS C/O the buyers name so it must be going thru eBay shipping to an out of country address.

    I am in the mid-west USA.

    GrandAm :)
  • MsMorrisineMsMorrisine Posts: 33,069 ✭✭✭✭✭

    some out of country buyers use a re-ship service in the usa to be a "usa buyer"

    I got one of those a long time ago. I messaged the seller that my responsibility ends at "delivery to the usa" address.

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jt88jt88 Posts: 3,002 ✭✭✭✭✭

    @GRANDAM said:
    I sold a US coin on eBay and they charged the buyer $49.19 for a VAT (value added tax) I believe, The coin sold for $211.50 and the buyer's address is in IL.

    What is this for? I have sold a lot of coins on eBay and I have never seen this charge to a buyer before so can anyone explain it to me?

    25% seems awful high to me?

    Is this somehow an out of country buyer?

    I think you are shipping to the eBay hub which is in Chicago IL not the buyer address. eBay will ship to the buyer.

  • GRANDAMGRANDAM Posts: 8,515 ✭✭✭✭✭
    edited October 21, 2024 8:03PM

    In all my auctions I say that "I only ship to the USA" so I guess eBay does this on their own.

    Anyone have an idea of what country would charge a 25% tax?

    GrandAm :)
  • DocBenjaminDocBenjamin Posts: 1,407 ✭✭✭✭✭

    @GRANDAM said:
    In all my auctions I say that "I only ship to the USA" so I guess eBay does this on their own.

    Same here, but ended up selling a proof dime to a guy in Europe. Got hung up at the hub (Kentucky I believe) then he bitched that I didn't honor the promised 5 day delivery.

  • MsMorrisineMsMorrisine Posts: 33,069 ✭✭✭✭✭

    omg ... expected 5 days? how long did it take to clear his customs?

    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • jmlanzafjmlanzaf Posts: 34,180 ✭✭✭✭✭

    @GRANDAM said:
    In all my auctions I say that "I only ship to the USA" so I guess eBay does this on their own.

    Anyone have an idea of what country would charge a 25% tax?

    A lot of them. Probably Europe.

    You are only shipping to the US. The fact that the coin goes on from the hub is not yourproblem.

  • jmlanzafjmlanzaf Posts: 34,180 ✭✭✭✭✭

    @DocBenjamin said:

    @GRANDAM said:
    In all my auctions I say that "I only ship to the USA" so I guess eBay does this on their own.

    Same here, but ended up selling a proof dime to a guy in Europe. Got hung up at the hub (Kentucky I believe) then he bitched that I didn't honor the promised 5 day delivery.

    I've had packages take weeks to clear customs. I'm not sure why they estimate 5 days for anything international.

  • PerryHallPerryHall Posts: 46,132 ✭✭✭✭✭

    @jmlanzaf said:

    @GRANDAM said:
    In all my auctions I say that "I only ship to the USA" so I guess eBay does this on their own.

    Anyone have an idea of what country would charge a 25% tax?

    A lot of them. Probably Europe.

    You are only shipping to the US. The fact that the coin goes on from the hub is not yourproblem.

    It's the seller's problem if the buyer negs him because of an unexpected VAT or long delays through customs even though it's beyond the control of the seller. I guess the seller can always go through the hassle of getting an unwarranted neg removed by eBay. :#

    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

  • jmlanzafjmlanzaf Posts: 34,180 ✭✭✭✭✭

    @PerryHall said:

    @jmlanzaf said:

    @GRANDAM said:
    In all my auctions I say that "I only ship to the USA" so I guess eBay does this on their own.

    Anyone have an idea of what country would charge a 25% tax?

    A lot of them. Probably Europe.

    You are only shipping to the US. The fact that the coin goes on from the hub is not yourproblem.

    It's the seller's problem if the buyer negs him because of an unexpected VAT or long delays through customs even though it's beyond the control of the seller. I guess the seller can always go through the hassle of getting an unwarranted neg removed by eBay. :#

    The buyer is fully aware of the VAT. It's their country that assesses it, after all. No different than sales tax.

    Negatives for delays could happen no matter where the buyer is located.

Leave a Comment

BoldItalicStrikethroughOrdered listUnordered list
Emoji
Image
Align leftAlign centerAlign rightToggle HTML viewToggle full pageToggle lights
Drop image/file