@291fifth said:
It still amazes me that no other company has stepped in to fill the true auction for little guys role that eBay originally filled but has long since abandoned.
eBay must get down on its knees every half hour to give thanks that no one has figured out how to use Collective Coin to its fullest potential.
I have never heard of "Collective Coin". If a new site were to be successful it would need to be properly funded and PROMOTED.
@logger7 said:
I have noticed a number of sellers shipping $1300 plus gold items via first class with little if any insurance--that is one effect of ebay's one size fits all system. Makes absolutely no sense in numismatics to do sales they way they do them in most other categories.
They may have a private insurance plan. If you are a volume shipper, it is also more cost effective to self-insure since the number of lost packages is small.
I contacted a couple of them on this and neither had private insurance.
When I brought up the issue on ebay forums I got responses that the Hope diamond was shipped first class, lol.
Again, if you are a volume shipper, it is better to self insure than pay for postal insurance. It is probably also cheaper to use 1st class than registered. Based on my experience, the post office loses approximately 1 in 2500 shipments. If you routinely ship $1300 coins 1st class (total cost about $3) rather than registered (total cost more like $16 uninsured, $20 insured), you "win" by shipping 1st class as it would cost you approximately $32,000 to $42,000 in added costs to insure the $1300 loss.
@291fifth said:
It still amazes me that no other company has stepped in to fill the true auction for little guys role that eBay originally filled but has long since abandoned.
eBay must get down on its knees every half hour to give thanks that no one has figured out how to use Collective Coin to its fullest potential.
Part of the answer is that people really don't recognize what eBay gives them that no other company has been able to replicate.
This discussion is particularly "funny" to me because I guarantee that if someone were selling an expensive coin and said in their description "ABSOLUTELY NO RETURNS" or even "20% restocking fee", the same people complaining about the eBay policy would be telling us to stay away from that seller. Funny how one's perspective changes depending on which side of the transaction one resides.
"No returns" on merchandise that is "graded", such as coins, is the kiss of death. However, on many other types of product it merely means that the individual is selling it as is, properly described, for whatever the market will bring, if an auction (a rarity on eBay these days.)
When I was active on eBay I always allowed returns, but NOT at my expense. In 14 years I had exactly three returns, two of which were coins. I never received a negative. I encountered a problem buyer perhaps once in 200 transactions but these were minor problems that were quickly resolved. I encountered outright scam artists only twice. My total loss to the scam artists was about $150.
@mustangmanbob said:
This could be BIG to me. For example, if I sell a set of V8 exhaust manifolds for $45 and the shipping is $22, a free return is a real killer, $22 out, and $22 back, basically means I would have been ahead just to through it in the trash.
Bigger things like a car door, it can be easily $150 for the door, and $250 to freight it. Which means, I cannot do a free return, I would just wind up abandoning it, losing my door and paying $250 for the privilege of doing so.
Between FedEx and USPS, last year, it accounted for about 23.5% of the total amount I collected from ebay sales.
A lot of my stuff is big and heavy.
Not many people shipping car doors out there, but it is cool!
@291fifth said:
It still amazes me that no other company has stepped in to fill the true auction for little guys role that eBay originally filled but has long since abandoned.
eBay must get down on its knees every half hour to give thanks that no one has figured out how to use Collective Coin to its fullest potential.
I have never heard of "Collective Coin". If a new site were to be successful it would need to be properly funded and PROMOTED.
I just finished talking to eBay for clarification. If you list your item in the coin & currency category and you are a top rated seller, in order to qualify for the 10% FVF discount, you are required to offer a 30 and not 14 day return policy. As far as I can tell, it's been like that for a while.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@logger7 said:
I have noticed a number of sellers shipping $1300 plus gold items via first class with little if any insurance--that is one effect of ebay's one size fits all system. Makes absolutely no sense in numismatics to do sales they way they do them in most other categories.
They may have a private insurance plan. If you are a volume shipper, it is also more cost effective to self-insure since the number of lost packages is small.
I contacted a couple of them on this and neither had private insurance.
When I brought up the issue on ebay forums I got responses that the Hope diamond was shipped first class, lol.
Again, if you are a volume shipper, it is better to self insure than pay for postal insurance. It is probably also cheaper to use 1st class than registered. Based on my experience, the post office loses approximately 1 in 2500 shipments. If you routinely ship $1300 coins 1st class (total cost about $3) rather than registered (total cost more like $16 uninsured, $20 insured), you "win" by shipping 1st class as it would cost you approximately $32,000 to $42,000 in added costs to insure the $1300 loss.
There are not many of the smaller sellers who should ship uninsured, first class with no recourse if lost/stolen, if that is what you are suggesting it is irresponsible. Over $1000 in value express is a good option, I never lost an express. Priority also is preferable to first class.
@Tetromibi said:
Eventually it'll just be a requirement for selling on ebay.
How so?
eBay would not gain anything by implementing it to be mandatory. The liability will continue to remain with the seller, until proof of delivery is obtained with or without insurance.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@logger7 said:
I have noticed a number of sellers shipping $1300 plus gold items via first class with little if any insurance--that is one effect of ebay's one size fits all system. Makes absolutely no sense in numismatics to do sales they way they do them in most other categories.
They may have a private insurance plan. If you are a volume shipper, it is also more cost effective to self-insure since the number of lost packages is small.
I contacted a couple of them on this and neither had private insurance.
When I brought up the issue on ebay forums I got responses that the Hope diamond was shipped first class, lol.
Again, if you are a volume shipper, it is better to self insure than pay for postal insurance. It is probably also cheaper to use 1st class than registered. Based on my experience, the post office loses approximately 1 in 2500 shipments. If you routinely ship $1300 coins 1st class (total cost about $3) rather than registered (total cost more like $16 uninsured, $20 insured), you "win" by shipping 1st class as it would cost you approximately $32,000 to $42,000 in added costs to insure the $1300 loss.
There are not many of the smaller sellers who should ship uninsured, first class with no recourse if lost/stolen, if that is what you are suggesting it is irresponsible. Over $1000 in value express is a good option, I never lost an express. Priority also is preferable to first class.
I hardly ever ship priority. It usually only arrives one day faster, which is hardly worth it. The cost is a LOT more than first class when you ship a lot of items. Sure, it has $50 of insurance, but if you can't self insure a $50 item, you don't need to be running a business.
There are not many of the smaller sellers who should ship uninsured, first class with no recourse if lost/stolen, if that is what you are suggesting it is irresponsible. Over $1000 in value express is a good option, I never lost an express. Priority also is preferable to first class.
It depends on value and number of items shipped. If you ship 1 item, go ahead and insure. The post office appreciates the revenue. If you ship 100 items per year - statistics are on your side.
Even a small shipper should not insure $100 packages. The cost relative to the risk is astronomical. But, then again, if it is the only package you're ever going to ship. Go ahead. If you ship 100 $100 packages, you are going to spend $300+ on insurance. Even if you are very unlucky, they are going to lose 2 packages. [Odds are none.] In which case you spent $300 to insure $200 in losses.
It's just not a winner for anyone but the post office. Unless, again, you ship 1 package and it gets lost.
@Tetromibi said:
Eventually it'll just be a requirement for selling on ebay.
How so?
eBay would not gain anything by implementing it to be mandatory. The liability will continue to remain with the seller, until proof of delivery is obtained with or without insurance.
The option to allow returns is kind of already required by ebay. If anybody wants a refund, they can just claim SNAD.
eBay already promotes buyer protections, and I could see them adding free returns as a requirement down the road as something else to promote.
@Tetromibi said:
Eventually it'll just be a requirement for selling on ebay.
How so?
eBay would not gain anything by implementing it to be mandatory. The liability will continue to remain with the seller, until proof of delivery is obtained with or without insurance.
The option to allow returns is kind of already required by ebay. If anybody wants a refund, they can just claim SNAD.
eBay already promotes buyer protections, and I could see them adding free returns as a requirement down the road as something else to promote.
My disagreement was in your response on insurance: "Eventually it'll just be a requirement for selling on ebay."
It still is: How so?
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
@Tetromibi said:
Eventually it'll just be a requirement for selling on ebay.
How so?
eBay would not gain anything by implementing it to be mandatory. The liability will continue to remain with the seller, until proof of delivery is obtained with or without insurance.
The option to allow returns is kind of already required by ebay. If anybody wants a refund, they can just claim SNAD.
eBay already promotes buyer protections, and I could see them adding free returns as a requirement down the road as something else to promote.
My disagreement was in your response on insurance: "Eventually it'll just be a requirement for selling on ebay."
It still is: How so?
That comment was directed at your post mentioning the return policy. I wasn't talking about the insurance post above it. I should have specified.
@jmlanzaf said:
This is a non-issue. It is also NOT A CHANGE OPERATIONALLY.
You are offering free returns now - whether you want to or not. All a buyer has to do is claim "Item not as described" and eBay charges you the return shipping anyway.
Treat your customers as you would want to be treated.
Disagree - most people who buy small value items, if it’s a little other than what they expect, will just keep it rather than go through the hassle of a SNAD return or spend the expense for a real return. Free returns frankly encourages returns to be used more if you simply just don’t like it. In fact, now that I’m never going to get top-rated status going forward I might as well go with no returns.
I work a lot in the sub-$15 range and thin margins. A return not only wipes out any potential profit from that item but probably 1-2 others. Free returns does not work for my business model. If you’re selling only higher value, certified coins, yea you’re probably not going to be impacted by much.
90% of my business is sub-$15. Every return I've ever gotten (thankfully few) has been as the result of a SNAD. To take advantage of an eBay promotion, I offered free returns in November through January. I saw NO INCREASE in returns during that period - in fact I got a total of ONE return on approximately 500 sales.
I stand by my conclusion: You effectively are offering free returns now because of SNAD. The number of returns will NOT change with the "free shipping" option.
@jmlanzaf said:
This is a non-issue. It is also NOT A CHANGE OPERATIONALLY.
You sold 500 225th sets.... ??/
No, although I sold well over 500 parts.
I had 290 sets total. I have 43 left, so that means I sold 247 sets. BUT, BUT, BUT, I only sold 61 complete sets. So, that means I sold 186 sets in pieces. I still have about 85 pieces left. Each set yields 6 pieces (quarter set + 5 single coins). So, that means 186 sets yield 1116 pieces. I have 85 pieces left, so that means I sold 1031 individual pieces.
I don’t believe in free returns for buyers or any return period over 14 days. They denied me a discount a long time ago bc I did not sell 200 plus items in a year even though my sales volume greatly exceeded the minimum amount. Last I checked the discount not enough motivate me do all that
I hate micromanagement and unpleasant surprises at some point get where just don’t care about jumping through lots hoops or give a hoot overall especially if have practically give it to them sell it.
I had some one who wanted to undercut (non-coin related) me on a buy it now item and then wanted me to pay the shipping on what would of been$30.00 shipping minimum cost. I told them NO - Way I gave them a discount but they must pay the shipping. Not a word since!
Comments
I have never heard of "Collective Coin". If a new site were to be successful it would need to be properly funded and PROMOTED.
Again, if you are a volume shipper, it is better to self insure than pay for postal insurance. It is probably also cheaper to use 1st class than registered. Based on my experience, the post office loses approximately 1 in 2500 shipments. If you routinely ship $1300 coins 1st class (total cost about $3) rather than registered (total cost more like $16 uninsured, $20 insured), you "win" by shipping 1st class as it would cost you approximately $32,000 to $42,000 in added costs to insure the $1300 loss.
Part of the answer is that people really don't recognize what eBay gives them that no other company has been able to replicate.
This discussion is particularly "funny" to me because I guarantee that if someone were selling an expensive coin and said in their description "ABSOLUTELY NO RETURNS" or even "20% restocking fee", the same people complaining about the eBay policy would be telling us to stay away from that seller. Funny how one's perspective changes depending on which side of the transaction one resides.
"No returns" on merchandise that is "graded", such as coins, is the kiss of death. However, on many other types of product it merely means that the individual is selling it as is, properly described, for whatever the market will bring, if an auction (a rarity on eBay these days.)
When I was active on eBay I always allowed returns, but NOT at my expense. In 14 years I had exactly three returns, two of which were coins. I never received a negative. I encountered a problem buyer perhaps once in 200 transactions but these were minor problems that were quickly resolved. I encountered outright scam artists only twice. My total loss to the scam artists was about $150.
Not many people shipping car doors out there, but it is cool!
I hope they track buyers who abuse the free returns - a good why to 'buy sight seen' from eBay, as they can easily return their missed cherry pick
Collective Coin....site
https://collectivecoin.com/
Discussion
https://forums.collectors.com/discussion/975963/news-about-collective-coin
I just finished talking to eBay for clarification. If you list your item in the coin & currency category and you are a top rated seller, in order to qualify for the 10% FVF discount, you are required to offer a 30 and not 14 day return policy. As far as I can tell, it's been like that for a while.
There are not many of the smaller sellers who should ship uninsured, first class with no recourse if lost/stolen, if that is what you are suggesting it is irresponsible. Over $1000 in value express is a good option, I never lost an express. Priority also is preferable to first class.
Eventually it'll just be a requirement for selling on ebay.
How so?
eBay would not gain anything by implementing it to be mandatory. The liability will continue to remain with the seller, until proof of delivery is obtained with or without insurance.
I hardly ever ship priority. It usually only arrives one day faster, which is hardly worth it. The cost is a LOT more than first class when you ship a lot of items. Sure, it has $50 of insurance, but if you can't self insure a $50 item, you don't need to be running a business.
I said # volume shipper
>
It depends on value and number of items shipped. If you ship 1 item, go ahead and insure. The post office appreciates the revenue. If you ship 100 items per year - statistics are on your side.
Even a small shipper should not insure $100 packages. The cost relative to the risk is astronomical. But, then again, if it is the only package you're ever going to ship. Go ahead. If you ship 100 $100 packages, you are going to spend $300+ on insurance. Even if you are very unlucky, they are going to lose 2 packages. [Odds are none.] In which case you spent $300 to insure $200 in losses.
It's just not a winner for anyone but the post office. Unless, again, you ship 1 package and it gets lost.
The option to allow returns is kind of already required by ebay. If anybody wants a refund, they can just claim SNAD.
eBay already promotes buyer protections, and I could see them adding free returns as a requirement down the road as something else to promote.
My disagreement was in your response on insurance: "Eventually it'll just be a requirement for selling on ebay."
It still is: How so?
RE: "eBay Top Rated Sellers earn those benefits by offering an elevated experience to their buyers."
That can also be done in a 10-storey building.
That comment was directed at your post mentioning the return policy. I wasn't talking about the insurance post above it. I should have specified.
You sold 500 225th sets.... ??/
No, although I sold well over 500 parts.
I had 290 sets total. I have 43 left, so that means I sold 247 sets. BUT, BUT, BUT, I only sold 61 complete sets. So, that means I sold 186 sets in pieces. I still have about 85 pieces left. Each set yields 6 pieces (quarter set + 5 single coins). So, that means 186 sets yield 1116 pieces. I have 85 pieces left, so that means I sold 1031 individual pieces.
1031 pieces + 61 complete sets = 1092 enhanced uncirculated sales.
I don’t believe in free returns for buyers or any return period over 14 days. They denied me a discount a long time ago bc I did not sell 200 plus items in a year even though my sales volume greatly exceeded the minimum amount. Last I checked the discount not enough motivate me do all that
I hate micromanagement and unpleasant surprises at some point get where just don’t care about jumping through lots hoops or give a hoot overall especially if have practically give it to them sell it.
I had some one who wanted to undercut (non-coin related) me on a buy it now item and then wanted me to pay the shipping on what would of been$30.00 shipping minimum cost. I told them NO - Way I gave them a discount but they must pay the shipping. Not a word since!