LOL EBAY, Should I?
oldglorycoins
Posts: 224 ✭✭✭
oldglorycoins
Posts: 224 ✭✭✭
oldglorycoins
Posts: 224 ✭✭✭
Comments
HA 🤣 They tried to lowball you at $5, but…
“Land of the free because of the brave”
“Saved by grace alone, through faith alone, in Christ alone”
In Deo solo confidimus
Member since 2026
Successful BST transactions with: Ted 1, JWP, bigjpst,
No 😈
I'm not sure $5 is a "lowball" offer for a circ Roosie.
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,Not sure, but my OCD tells me to charge your phone!
I have no idea what I'm even looking at.
You will be dialing in more pain for you than the pleasure you would seek in attempting to capitalize on this buyer's mistake.
He had it listed Buy It Now for $11.99 and someone offered $50
All comments reflect the opinion of the author, even when irrefutably accurate.
Melt is $5.47
“Land of the free because of the brave”
“Saved by grace alone, through faith alone, in Christ alone”
In Deo solo confidimus
Member since 2026
Successful BST transactions with: Ted 1, JWP, bigjpst,
A couple favorable impressions:
1- Free postage.
2- He's from Cottonwood, AZ
I agree
Micah Langford - https://www.oldglorycoinsandcurrency.com/
I am somewhat confused @oldglorycoins what you posted is a screenshot of a counteroffer. Did you offer under the BIN price and the seller sent this counteroffer as a way of saying F you? OR are you the seller?
Edit never mind I see you are the seller.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Today, yes. Making $5 a fair offer. You can't melt it for melt. Refiners are paying $7+ back.
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It's the postage that would kill that logic.
Coupled with eBay and Paypal fees.
A $5. offer is kind of ridiculous.
Thanks @RedRocket, I also have a favorable impression of you, now that you figured out what narrative you are speaking in.
Micah Langford - https://www.oldglorycoinsandcurrency.com/
If it's a $5 coin, it's a $5 coin. I don't have any customers who want to pay $10 for a $5 coin just because my costs are high. A $5 coin in a $30 slab is still a $5 coin.
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It took a minute, but do believe I found my footing.
Much thanks goes out to:
@MFeld
@Cougar1978
@jmlanzaf
and
@ikest
along with @Morgan White (they sort of come as a pair).
Okay, a little bit less now for @jmlanzaf . . .
Actually, it is a ten cent coin.
Any value placed beyond that is manufactured and must be agreed upon by the populace.
We'll have to agree to disagree. Lol
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True. Although the intrinsic value is higher.
All comments reflect the opinion of the author, even when irrefutably accurate.
I was just about to post the same but you beat me to it.😡 😕🫤
😉
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
Just a guess, but you probably don't have many customers who want to pay the postage cost to get that $5 coin delivered to their front door, either.
FWIW, postage for a $5 coin is 74 cents, provided it isn’t too thick for its envelope to get stuck in a sorting machine.
Young Numismatist • My Toned Coins
Life is roadblocks. Don't let nothing stop you, 'cause we ain't stopping. - DJ Khaled
God Bless eBay Standard Postage.
All comments reflect the opinion of the author, even when irrefutably accurate.
Which is adding 15%.
(Don't forget the eBay/Paypal fees. . .)
I have customers
Micah Langford - https://www.oldglorycoinsandcurrency.com/
Sure, that's true. And when I add $1 to a $5 offer to make it worthwhile for me to bother with, most prospective buyers decline the offer.
The comment was on shipping. 74 cents with tracking and insurance. Can't get that anywhere else. Does make it possible to sell things that you otherwise couldn't, not even on the BST.
Some things are still better scrapped at home or wholesaled, of course.
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Yup. Really not sure what this thread is now arguing about. No one cares what my costs are, even just for the coin. If they offer me $5 for the coin and I tell them I paid $10, they'll still hold at $5 and tell me i overpaid. Lol. (And I don't expect that they should care. )
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Would you sell for 5?
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
Yes, I know.
My 'adding 15%' only takes in the postage.
I added, "Don't forget the eBay/Paypal fees..." That would add an additional percentage on top of the 15% postage fee.
I'm charging for the color
Micah Langford - https://www.oldglorycoinsandcurrency.com/
I nirmallt wouldn't list it on eBay. The definition of "fair" isn't based on whether i like the offer. I have sold numerous 90% silver at net 40x face this year because I couldn't scrap them at the time when the refiners/wholesalers weren't buying them. But "fair" isn't based on my net but market price. A fair price for v90% silver is 50x face even if it only nets me 30x face.
[I'm currently selling at net 45x face, so I would accept $5.50 FWIW]
Would you pay $90 per ounce for silver bullion just because that nets me $75. You absolutely would NOT.
Or maybe you're one of those people who doesn't bid based on the buyers premium. I assume you think the fair thing to do is bid $1100 for $1000 coin even though it will cost you$1320 because you want to make sure the consignor gets $1000. Good on you.
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That was my guess. And you are free to charge $100 if you want. That's a totally separate question.
All comments reflect the opinion of the author, even when irrefutably accurate.
Don't know about anyone else, but my point is that buyers don't want to pay anything at all to have coins shipped to them.
edited to add... I haven't experimented in quite a while but many years ago when I did, items listed at $20 + $5 shipping did not sell as well as items listed for $25 with free shipping.
I agree. They also don't want to pay buyer's premiums, eBay fees or any other seller costs So I don't know why they are arguing like they would. 50x face for 90% is a fair offer these days. LCS is at 54x face and they are buying at 42x face. Upstate (wholesaler) is paying 48x face.
I wonder if I had said that 50x was ridiculously low if they'd all be arguing the other side.
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Oh, by gosh.
Are we still talking about this?
A five-dollar dime?
I love this forum!
Lol. I know.
I blame the trolls for not posting posting lot coins or political commentary this weekend
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Still true. Funny story. I have 4000 cheap Philippine notes. I listed them a couple different ways. I have one listing that is $2.99 free shipping (50% discount if you buy 5 or more) and another that is $0.99 + $1 shipping (flat $1). I've sold close to 10x as many $2.99 items including people that bought 5 or more at that price, but also a lot who bought single ones. My guess is they screen for free shipping. .
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I've had people ask me if they make offers on multiple coins, can they get a lower price because I can save on shipping. So- I guess if I save on shipping and give them the savings, I'll be getting... what?
edited to add... This is something you'd get from people who wanted a 10% discount for selling off-eBay, since there would be no eBay fees. Lets see now- I take the risk of suspension from eBay for doing that while you save money? Sign me up!
It's why the 1/3 Pounder failed at McDonalds.
People thought it was smaller than a quarter pounder.
Another example... When I used to sell and ship internationally, I'd get regular requests to mark items being sent to Canada as gifts. Do you suppose the clerks at the post office would believe I'm sending gifts to people in Canada once or twice a week? Of course they wouldn't. And do you think that the customs department in Canada would shut my shipments into the country down if they believed I was skirting their reporting requirements? Of course they would. And do you think people in Canada buying from me offered any sort of financial incentive for me to take those risks so that they could save money?
Well, they didn't.
Stating, "Metal Discs" was another tactic to ship coins to Canada.
I called them "processed planchets" or "stamped metal parts", but the term was never really the problem as there's no legal issue with sending coins into Canada- especially Canadian coins. It was being identified as a "gift" that buyers insisted upon.
It is the value of the items that concerned customs.
Items sent as gifts are (or were, anyway- I don't know how it currently works) exempt from customs fees up to a certain value. Buyers would be kind of pushy about getting you to mark the customs form as a gift.
Make a counteroffer, say $11 or whatever-you-like.
That'll give a legitimate Buyer an easy way to respond with an offer that makes sense.
But first check the Buyer's ebay history and location (if possible).
Successful BST transactions with forum members thebigeng, SPalladino, Zoidmeister, coin22lover, coinsarefun, jwitten, CommemKing.
@oldglorycoins Have you had success selling this kind of toned, and otherwise common, silver on eBay for a toned price irrelational to silver value before?
“Land of the free because of the brave”
“Saved by grace alone, through faith alone, in Christ alone”
In Deo solo confidimus
Member since 2026
Successful BST transactions with: Ted 1, JWP, bigjpst,
Probably. But, again, that's kind of besides the point. I was told that 50x face was not "fair" because melt is 54x.
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Don't get me started on the off eBay people. They usually want a discount that's higher than my ebay fees. There is zero incentive for me to go off eBay, incur more risk, and literally not make one cent extra. I routinely report them to eBay and block them.
All comments reflect the opinion of the author, even when irrefutably accurate.