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selling Nickel "bullion" on eBay - a case study

PreTurbPreTurb Posts: 1,193 ✭✭✭
in Precious Metals
I decided to sell a bunch of Canadian nickels on eBay for fun. These are the 99.9% nickel ones. In order to sell, I figured I'd have to offer at the "cheapest" price or thereabouts - $14.99 per pound. Offered free shipping for 10 pounds (the best deal for the customer). My cost for the 10 pounds was roughly $100, a couple years ago.

This is how it shakes out, selling 10 "pounds" for $149.90 total:

eBayPosting fee: $0.40
Final value fee: $17.99
Paypal fee: $4.65
Postage cost: $7.30

Total fees: $30.34 (wow!)

Net to me: $119.56. Melt value of the nickel: $111.57 (courtesy Coinflation.com)

So in summary, I came out ahead (never mind the labor involved). But eBay sure does take a nice chunk of the action!

Comments

  • CaptHenwayCaptHenway Posts: 32,273 ✭✭✭✭✭
    Good thing your labor is free.
    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.
  • jmski52jmski52 Posts: 22,939 ✭✭✭✭✭
    I had completely forgotten that our nickels are only 25% nickel and that the Canadian nickels were all nickel at one time. What are they now, and when did they change (the Canadian ones)?
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Coinflation does Canada , too. image
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • bestmrbestmr Posts: 1,781 ✭✭✭
    WOW!! That's neat about the coinflation for Canada. Very handy. Thanks!
    Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
  • topaz77topaz77 Posts: 161
    Always learn something on this site. Thanks for the info.
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