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Has anyone purchased or sold coins through Amazon recently?
TireKicker
Posts: 870 ✭✭
Amazon seems like they are beginning to rival EBAY, but the amount of coins selling on Amazon seems to be considerably smaller compared to the overall sales volume of the site. Has anyone had any experience buying or selling on this site?
Thank you in advance for any insight.
Thank you in advance for any insight.
All the best,
Rob
Successful Trades with: Coincast, MICHAELDIXON
Successful Purchases from: Manorcourtman, Meltdown
Rob
Successful Trades with: Coincast, MICHAELDIXON
Successful Purchases from: Manorcourtman, Meltdown
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Rob
Successful Trades with: Coincast, MICHAELDIXON
Successful Purchases from: Manorcourtman, Meltdown
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
<< <i>For non coin purchases I have started using Amazon instead of eBay, way less hassle. >>
Any reason why you are not purchasing coins through Amazon? Such as inadequate selection or inadequate buyer protection?
Rob
Successful Trades with: Coincast, MICHAELDIXON
Successful Purchases from: Manorcourtman, Meltdown
Many successful BST transactions with dozens of board members, references on request.
Ebay / Paypal / Shipping costs me 15% of sales at the very least. And this is before the fixed costs of running the business. I simply put cost and 30% margin (pct of sales) in my excel spreadsheet as a minimum sell price In the other column is market retail and the higher of the two is selected. Coins where I have a lot of room (market retail is way over minimum sell) I may have BIN / Make offer. I have had coins sell just after one day of being listed sell I did not expect to sell anytime soon (bc selling price slightly over market retail bc of minimum markup requirements to achieve proper retail pricing). Was I pleasantly surprised.
Thanks for sharing - Perhaps I should give amazon another look. I am not worried about their search feature in looking up some ultra rarity. All I want is easy listing and low seller fees. My focus is sales volume and making a decent ROI on sales. One thing I would be curious about with amazon - are there more high buyers (or larger percentage) or people who pay good retail money vs ebay? Think I will list some proof sets there. These are good sellers to the BD / anniversary market. Truly fungible items like USM products in which one has a few of could be listed on both Amazon and Ebay. Modern Silver PF sets and PF ASE's have been a great marketing area for me on the Bay.
<< <i>Any stories on how successful selling is on Amazon for coins? What are their listing fees, final value fees, etc.? >>
That is exactly what I am hoping to find out as well. I see quite a bit of supplies on here and a few coins.
I heard the final value fees are similar.
Rob
Successful Trades with: Coincast, MICHAELDIXON
Successful Purchases from: Manorcourtman, Meltdown
I should mention that I place numerous orders through Amazon, found them to be the best place to buy many many things. The shipping has also been great, items packaged well, and speedy.