Do coin dealers, who ALSO sell on ebay

Bochiman

do themselves a disservice by pricing their coins on their own website the SAME price they set on ebay?
Or, is it "smart business" to do so, as some people may buy it at that price on their website anyway?


When I see this, I realize I can try to contact the dealer and see if they will take less if I buy direct from their website, but, sometimes, I don't want to wait or I forget. Coins are cool and I enjoy them, but they aren't everything to me and I do have a lot going on in my life, so when my attention is on something, that is the time for me to buy it or I may forget.

Knowing that, if I were to see a coin for $400 on ebay, and I go to the dealer's website and see it for $370, I may just buy it. Heck, for $380 I may just buy it. For the same price of $400, I would NOT buy it from the dealer's website...I would, if I were going to buy it, buy from their ebay listing (much more buyer protection by doing so...whether or not I would need it doesn't matter to me). Also, ebay buck$ comes into play for me with that decision. 2x, 3x, 4x...whatever.


I do know that IF I were a dealer, and IF I had a website for selling, and IF I also sold on ebay (the same coins), I would give at least a few bucks off since I wouldn't have to pay fees to ebay. Win-win.

Others feel the same or feel more adamantly that the pricing should be the same?

3keepSECRETif2rDEAD

Good post...I always choose the lesser hit to my pocket rather than the sellers...gotta figure it would be somewhat wise for a dealer to make it worthwhile for the buyer to hit their website...a third party is really only a squeeze on the ROI in the end

Erik

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illini420

I know that I price my coins lower on my website. Not just because of the fees, but when folks buy through my website then the terms are set by me and not by eBay/PayPal/credit card companies... and that is worth something to me as well.

But even when they know about the lower prices on my site, I still have some buyers prefer to buy through eBay for various reasons. Usually because they have eBay bucks or other coupons to use.

CoinZip

If I list the same item on ebay and CZ, I add 15% to 20% to the ebay price to cover fees and aggravation......

TwoSides2aCoin

Yes, I do myself a disservice doing coins on ebay and at the website no matter the price, and for no other reason, I might add.

bigjpst

I typically try to list the coins on my website cheaper than I have them priced on eBay. At least by the amount of fee difference.

BStrauss3

A solid "it depends"...

Depends on volume, on how they handle updates to the web site, how they handle and process credit cards for sales, etc.

OPA

Some items may be cheaper on the dealers web site, until you take into account a) higher price if you pay via cc b) in some cases s&h may not be free. A lot of the major players do offer free s&h on their eBay site.

LindeDad

I wish that Seated Half was, but at least it was $50.00 less on Collectors Corner.
My way of saying I wish all did the price mark down.

Bochiman

<< <i>Some items may be cheaper on the dealers web site, until you take into account a) higher price if you pay via cc b) in some cases s&h may not be free. A lot of the major players do offer free s&h on their eBay site. >>



Opa - in the case of what you put above, I am confused....everything you state seems to agree that a dealer's webpage price could/should be lower than ebay pricing as the ebay pricing can be adjusted to account for the free s&h and paypal (CC) fees....whereas on their own website, they can state the payment terms, more easily charge for S&h (won't get dinged if they do), etc.


Twosides2acoin said:
"Yes, I do myself a disservice doing coins on ebay and at the website no matter the price, and for no other reason, I might add. "

Ummmm....once again, you add nothing to a thread. I guess your post was just a lame attempt at humor with no desire to actually add content germane to the question/issue at hand. My OP was clearly about equal pricing by dealers on their own website and ebay....not about someone trying to be funny

Timbuk3

Yes, absolutely, maximum exposure !!!

CuKevin

I always add more to the eBay price and charge less on my site. My site fees are almost nonexistent compared to eBay.

ms70

<< <i>I always add more to the eBay price and charge less on my site. My site fees are almost nonexistent compared to eBay. >>



I just bought from a dealer the other day where the coin was $10 less on his own site. I thought that was very fair and obviously was taking the eBay hit off the price.

segoja

I always charge a bit more on E-Bay

Bochiman

<< <i>I always charge a bit more on E-Bay >>



Like the others that mentioned it this way, I can fully understand that and have no qualms.
I would do the same. That's business....you can only absorb just so much before you have to pass some of it on to the customers.

I was just amazed when I was looking around at something last night, on ebay, recognized the seller's name as a major dealer "in the real world", not a huge dealer on ebay unlike Apmex, etc, and decided to check out their website to see if the coin were any cheaper. Nope....same price. I was hesitant on the ebay price, even with ebay bucks, so was hoping there would be a "meeting in the middle" where it is a win-win on price.
So, I was just curious if my expectations were too much and everyone does it that way, even against what seems like the logical way to do it, or what.....

PerryHall

If you know the dealer, buy from him directly. Otherwise, it may be worth paying a small premium to get the protections offered by eBay and PayPal.

CoinZip

<< <i>If you know the dealer, buy from him directly. Otherwise, it may be worth paying a small premium to get the protections offered by eBay and PayPal. >>




If you feel you need the protections offered by ebay and paypal..... you should not be buying from that dealer in my opinion.

TwoSides2aCoin

<< <i>

Twosides2acoin said:
"Yes, I do myself a disservice doing coins on ebay and at the website no matter the price, and for no other reason, I might add. "

Ummmm....once again, you add nothing to a thread. I guess your post was just a lame attempt at humor with no desire to actually add content germane to the question/issue at hand. My OP was clearly about equal pricing by dealers on their own website and ebay….not about someone trying to be funny >>



What you think of me is not my business. What is funny, is how you PROVE my statement with an insult online, and misjudgment of the simplicity of the statement I made. And so now I am amused. .

OPA

<< <i>Opa - in the case of what you put above, I am confused....everything you state seems to agree that a dealer's webpage price could/should be lower than ebay pricing as the ebay pricing can be adjusted to account for the free s&h and paypal (CC) fees....whereas on their own website, they can state the payment terms, more easily charge for S&h (won't get dinged if they do), etc. >>



Bochiman, I'm sure you must realize that having your own website does have it's own expenses that you do not have on eBay. Of hand, I can think of 2 major ones....cc processing fees or check handling and collection costs, website maintenance and fee. I'm sure there are others. The sellers eBay store, is an inexpensive marketing tool for his own website.

BryceM

If a dealer had the same price on both the website and on eBay, it would be time to make a phone call.

Somewhere deep inside my DNA there is something that despises making money for eBay. At the se time, I have absolutely no issue with a dealer making a living and only a little heartburn with the 17.5% cut from the typical auction houses.

BStrauss3

<< <i>I always add more to the eBay price and charge less on my site. My site fees are almost nonexistent compared to eBay. >>



I wouldn't call them non-existent, but they certainly aren't in-your-face per item like eBay.

From your provider's web page, you are paying $24/month for the store whether the item sells or not, plus 2.9% and 30 cents per transaction.

Basic seller eBay BIN insertion fees costs 0.30 per, or $1.20 per item per month (if it doesn't sell). For 27 items that you show in the store, that's $32.40... more if you buy listing enhancements, less if you have a store... Final Value fees are 10% plus PayPal at the same 2.9% + 30 cents.

So for 27 items, it costs you $8.40 less - unless it sells. And you pay a flat fee, vs. eBay's per-item costs. For that you get everything eBay gives you - except real time inventory, SEO exposure and what? Oh, yeah, traffic. But you don't give up 10% to eBay. What is traffic worth?

If I search Google for "1937 roanoke ngc 66" (in quote), your store is the only two hits. If I search w/o the quote like a normal person, you are on page 4 and I gave up on page 10.

There is nothing wrong with using a variety of channels to reach your (potential) customer. I buy a couple pieces from you and decide I really like your eye for coin value and start my hunt saying "Gee, Wonder what Kevin and Luis" have found lately... or maybe I ask you to hunt for something for me. For that customer you don't need to go near eBay. But you have near zero exposure to the thousands (millions?) of potential customers who haven't had the pleasure of dealing with you directly.

I think the net of the story is that different answers work best for different sellers, different types of sellers and different quality of merchandise. As a buyer I spend a lot of time on eBay, although for specific, better pieces I also spend time with the better known sellers. The net of THAT story is that it works for me.

OPA

<< <i>

<< <i>I always add more to the eBay price and charge less on my site. My site fees are almost nonexistent compared to eBay. >>



I wouldn't call them non-existent, but they certainly aren't in-your-face per item like eBay.

From your provider's web page, you are paying $24/month for the store whether the item sells or not, plus 2.9% and 30 cents per transaction.

Basic seller eBay BIN insertion fees costs 0.30 per, or $1.20 per item per month (if it doesn't sell). For 27 items that you show in the store, that's $32.40... more if you buy listing enhancements, less if you have a store... Final Value fees are 10% plus PayPal at the same 2.9% + 30 cents.

So for 27 items, it costs you $8.40 less - unless it sells. And you pay a flat fee, vs. eBay's per-item costs. For that you get everything eBay gives you - except real time inventory, SEO exposure and what? Oh, yeah, traffic. But you don't give up 10% to eBay. What is traffic worth?

If I search Google for "1937 roanoke ngc 66" (in quote), your store is the only two hits. If I search w/o the quote like a normal person, you are on page 4 and I gave up on page 10.

There is nothing wrong with using a variety of channels to reach your (potential) customer. I buy a couple pieces from you and decide I really like your eye for coin value and start my hunt saying "Gee, Wonder what Kevin and Luis" have found lately... or maybe I ask you to hunt for something for me. For that customer you don't need to go near eBay. But you have near zero exposure to the thousands (millions?) of potential customers who haven't had the pleasure of dealing with you directly.

I think the net of the story is that different answers work best for different sellers, different types of sellers and different quality of merchandise. As a buyer I spend a lot of time on eBay, although for specific, better pieces I also spend time with the better known sellers. The net of THAT story is that it works for me. >>



Not sure where you got your eBay info on fees from.
Selling coins or precious metals:
I pay $15 a month for a basic store fee
No insertion fees
6% max in FVF
20% refund on the FVF charged.
2.9% + $.30 for paypal transactions.