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no more ebay bucks for bullion

chumleychumley Posts: 2,305 ✭✭✭✭
in Precious Metals
starting Oct 1....ebay will no longer award ebay bucks for items bought in the bullion catagory

Comments

  • dontippetdontippet Posts: 2,606 ✭✭✭✭
    I just got the email too. Not good. It didn't help when they got rid of the third party discounts (mrrebates, etc...), now no rebates at all.
    > [Click on this link to see my ebay listings.](https://www.ebay.com/sch/i.html?_nkw=&_in_kw=1&_ex_kw=&_sacat=0&_udlo=&_udhi=&_ftrt=901&_ftrv=1&_sabdlo=&_sabdhi=&_samilow=&_samihi=&_sadis=15&_stpos=61611&_sargn=-1&saslc=1&_salic=1&_fss=1&_fsradio=&LH_SpecificSeller=1&_saslop=1&_sasl=mygirlsthree3&_sop=12&_dmd=1&_ipg=50&_fosrp=1)
    >

    Successful transactions on the BST boards with rtimmer, coincoins, gerard, tincup, tjm965, MMR, mission16, dirtygoldman, AUandAG, deadmunny, thedutymon, leadoff4, Kid4HOF03, BRI2327, colebear, mcholke, rpcolettrane, rockdjrw, publius, quik, kalinefan, Allen, JackWESQ, CON40, Griffeyfan2430, blue227, Tiggs2012, ndleo, CDsNuts, ve3rules, doh, MurphDawg, tennessebanker, and gene1978.
  • carew4mecarew4me Posts: 3,470 ✭✭✭✭
    I must have posted the same thread at the exact moment as the chumster.

    I always thought that would create a worm hole image

    Loves me some shiny!
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    If you're a seller just figure out another legit category to list in. It might make the difference on a sale or not.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • tincuptincup Posts: 5,123 ✭✭✭✭✭
    Yep... list in the coins category perhaps. But the way things are going with eBay, they will probably close the discount eventually on that category also. The bean counters are probably counting up how much money they let slip by by having the 2% discount... I'm sure they figure by doing away with it, they will be putting all that amount back into their pockets. But what they don't realize... less individuals will purchase the bullion without the discount, or they will bid accordingly. What ebay gains by doing away with the discount, they may lose a good portion in volume.
    ----- kj
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    I suppose that I can list my "bars" as medals in the Exonumia category, but will it get as many "hits?"
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    I believe most buyers search by keyword, not category. At least that's the way I do it.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    I believe most buyers search by keyword, not category. At least that's the way I do it

    Me too, but watch, they will make searching by category the "default" way of searching. I use to really enjoy doing eBay, buying & selling, now not so much. They've become way too greedy because they know there isn't another major player that can compete, ir that is willing to I should say.
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>I believe most buyers search by keyword, not category. At least that's the way I do it. >>



    My search is by keyword, but within a category.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    bullion is a sub category of coins and currency. I usually search coins and currency for gold or silver. Just check to see that what you are purchasing isn't in the bullion subcategory.

    They must have been paying out some big ebay bucks with bullion.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • Coins101Coins101 Posts: 2,602 ✭✭✭
    I always used the 2% eBay bucks to calculate the true cost of the item on eBay as the sellers are have jacked their prices up to pay the high seller fees charged by eBay. It will be interesting to see how much their bullion sales drop off due to this considering 99% of the items listed as BIN's are about 10 to 20% over spot.

    I know my high bid has just got 2% or more lower than what I use to pay on auctions.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>I always used the 2% eBay bucks to calculate the true cost of the item on eBay as the sellers are have jacked their prices up to pay the high seller fees charged by eBay. It will be interesting to see how much their bullion sales drop off due to this considering 99% of the items listed as BIN's are about 10 to 20% over spot.

    I know my high bid has just got 2% or more lower than what I use to pay on auctions. >>



    Why are you even considering looking at the BIN for common bullion auctions on eBay? For every BIN, there is also a regular auction for the common stuff.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    Why, because generally the bids go for much more than what it is worth (ASE for $50+) However, if you watch, you can get really good deals when someone lists BINs, generally at spot or less (I have bought ASE for less than spot not including the eBay bucks). Granted, I may have enough physical gold and silver but I like adding a little here and there. The eBay bucks gave me incentive to buy when I found good deals as I would always plow it right back in to PM's.

    I am sure the seller still made a profit on my "good deals" as they may be like you posted on the other thread about this subject, you bought for much less. Heck, I have a huge amount of 90% I picked up at face in the later 60's when it was actually worth 3x face and if I were to sell it now; I would make a huge profit. But, I think anyone selling will see at least 2% less for their bullion now due to this decision. Maybe it is not much but 2% of $50,000 is a loss of $1,000 in potential profit. Add that to the eBay/PayPal fees and taxes, the loss keeps adding up.

    I do find it assuming they have offered me an addition 5% (7% total) in eBay Bucks up until Sept. 30, 2011. Buying a BIN at spot and getting a 7% discount is a good deal in my book. Now, if you have all the PM you need and are not stacking anymore, then the loss of the eBay Bucks is moot to you.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Another question that has not been brought to light is...what % of J6P buyers on eBay, which I believe is the majority, do qualify for eBay bucks? If it is just a very small %, then it will not make a difference in the final price of bullion related items sold.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    Ok, you got me. What the heck is a "J6P buyer?"
  • StaircoinsStaircoins Posts: 2,566 ✭✭✭

    J6P = Joe Sixpack = Ordinary folks, not institutional investors or specialists.
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>J6P = Joe Sixpack = Ordinary folks, not institutional investors or specialists. >>



    image hey, I resemble that though it is more like a twelve pack! image

    "what % of J6P buyers on eBay, which I believe is the majority, do qualify for eBay bucks?"

    So, what you are saying is not everyone earns eBay Bucks? I know I was invited when they first started the program but I believe they opened it up to all, J6P and anyone else.

    If i'm special, it's news to me! image
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>I just got the email too. Not good. It didn't help when they got rid of the third party discounts (mrrebates, etc...), now no rebates at all. >>



    Mr Rebates keep saying it's coming back but with this happening, I am beginning to have my doubts.
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    So, is the "eBay Bullion Center" under the "Coin & Currency" section?
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>

    << <i>J6P = Joe Sixpack = Ordinary folks, not institutional investors or specialists. >>



    image hey, I resemble that though it is more like a twelve pack! image

    "what % of J6P buyers on eBay, which I believe is the majority, do qualify for eBay bucks?"

    So, what you are saying is not everyone earns eBay Bucks? I know I was invited when they first started the program but I believe they opened it up to all, J6P and anyone else.

    If i'm special, it's news to me! image >>



    I don't believe so, but I may be wrong. I'm the only one in my "circle" that still gets the ebay bucks. On the other hand, I do 90% of the buying also.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>So, is the "eBay Bullion Center" under the "Coin & Currency" section? >>



    Bullion is a sub category under coins & currency
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Coins101Coins101 Posts: 2,602 ✭✭✭


    << <i>

    << <i>So, is the "eBay Bullion Center" under the "Coin & Currency" section? >>



    Bullion is a sub category under coins & currency >>



    Yup, the "Bullion Center" is just a way to draw you towards eBay's best sellers. All items are located in the Coin & Currency - Bullion section.

    Drop an Eagle in front of you and then kick you in the @!#%%@% when you bend over to pick it up.

    Nice!
  • taxmadtaxmad Posts: 978 ✭✭✭✭
    eBay Bucks has been open to all buyers for about a year, so everyone should be making the 2%...

    I do wonder if the Gold & Silver center will be category in and of itself and eBay Bucks will still be awarded. The theory being eBay wants you to use these 'certified' sellers. As certified sellers eBay's fraud losses should be less so it could be a win-win...
  • TJM965TJM965 Posts: 446 ✭✭✭

    I get Ebay bucks, but my son don't and he has 500 buying feedbacks. Is there a way he can sign up?
  • Coins101Coins101 Posts: 2,602 ✭✭✭
    Yup, he just need to go to the eBay Bucks section and agree to their terms.


    Ebay Bucks Sign=up

    I asked my son who hardly uses ebay and he gets them.
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