@amwldcoin said:
I'm surprised more people don't buy and sell on usacoinbook.com
I'm trying it and have a whoping 1 sale so far. Payment is with paypal so the buyer is protected and they do have the option of paying with a check or money order. No listing fees and only a 2% FVF!
@amwldcoin said:
I'm surprised more people don't buy and sell on usacoinbook.com
I'm trying it and have a whoping 1 sale so far. Payment is with paypal so the buyer is protected and they do have the option of paying with a check or money order. No listing fees and only a 2% FVF!
@amwldcoin said:
I'm surprised more people don't buy and sell on usacoinbook.com
I'm trying it and have a whoping 1 sale so far. Payment is with paypal so the buyer is protected and they do have the option of paying with a check or money order. No listing fees and only a 2% FVF!
Buyer buys a coin on eBay for $2000 including buyer fees (none on eBay for buyers) seller ends up with about $1820 ($2000 -$120 seller eBay FVF if you have a store-$60 PayPal fee). Several million "registered" users.
Buyer buys a coin on GC for $2000 including buyer fees (12.5%) seller ends up with about $1767 to $1774, ($2000 -$223 GC buyers premium fee-$3 to $10 seller listing fee). Not sure how many but most likely a lot of "registered" users.
Buyer buys a coin on Heritage, Stack's, etc. for $2000 including buyer fees (20%) seller ends up with about $1587 to $1667, ($2000 -$333 buyers premium fee-0 to 5% seller fee). Maybe several hundred thousand "registered" users.
All numbers are ballpark and do not include shipping. Where would you rather sell?
it's crackers to slip a rozzer the dropsy in snide
@tommy44 said:
So let me see if I have this right.....
Buyer buys a coin on eBay for $2000 including buyer fees (none on eBay for buyers) seller ends up with about $1820 ($2000 -$120 seller eBay FVF if you have a store-$60 PayPal fee). Several million "registered" users.
Buyer buys a coin on GC for $2000 including buyer fees (12.5%) seller ends up with about $1767 to $1774, ($2000 -$223 GC buyers premium fee-$3 to $10 seller listing fee). Not sure how many but most likely a lot of "registered" users.
Buyer buys a coin on Heritage, Stack's, etc. for $2000 including buyer fees (20%) seller ends up with about $1587 to $1667, ($2000 -$333 buyers premium fee-0 to 5% seller fee). Maybe several hundred thousand "registered" users.
All numbers are ballpark and do not include shipping. Where would you rather sell?
Shhh...your numbers are clouding their hatred.
And forget the $2000 coin. Do it for a $50 coin - assuming anyone but eBay wants your $50 coin
eBay $50 - $3.10 eBay - $1.85 Paypal net $45.05 [if you have a store]
Heritage - $50 - $19 buyer's fee and $5 seller's fee = Net $26
GC - $50 - $5 buyer's fee (e-check) - $5 one-time set up fee - $2.50 seller's fee = $37.50
It's not even close
Different coins - different places. There's room for everybody. A $1000 and up coin is probably better off at one of the auction houses, although I have sold coins for as much as $9k on eBay. But if you've got stuff in the $100 and under range, no one compares with eBay
And, before anyone goes all BST on me
BST $50 - $1.85 Paypal = Net $48.15
But BST is not a lot of eyeballs and for the extra $3 on eBay, I get a whole lot more eyeballs.
@tommy44 said:
So let me see if I have this right.....
Buyer buys a coin on eBay for $2000 including buyer fees (none on eBay for buyers) seller ends up with about $1820 ($2000 -$120 seller eBay FVF if you have a store-$60 PayPal fee). Several million "registered" users.
Buyer buys a coin on GC for $2000 including buyer fees (12.5%) seller ends up with about $1767 to $1774, ($2000 -$223 GC buyers premium fee-$3 to $10 seller listing fee). Not sure how many but most likely a lot of "registered" users.
Buyer buys a coin on Heritage, Stack's, etc. for $2000 including buyer fees (20%) seller ends up with about $1587 to $1667, ($2000 -$333 buyers premium fee-0 to 5% seller fee). Maybe several hundred thousand "registered" users.
All numbers are ballpark and do not include shipping. Where would you rather sell?
GC seller gets $2,000. Here is what they offer: The lowest seller's fees - 0% for coins/banknotes that realize over $1,000
Registry: CC lowballs (boblindstrom), bobinvegas1989@yahoo.com
@tommy44 said:
So let me see if I have this right.....
Buyer buys a coin on eBay for $2000 including buyer fees (none on eBay for buyers) seller ends up with about $1820 ($2000 -$120 seller eBay FVF if you have a store-$60 PayPal fee). Several million "registered" users.
Buyer buys a coin on GC for $2000 including buyer fees (12.5%) seller ends up with about $1767 to $1774, ($2000 -$223 GC buyers premium fee-$3 to $10 seller listing fee). Not sure how many but most likely a lot of "registered" users.
Buyer buys a coin on Heritage, Stack's, etc. for $2000 including buyer fees (20%) seller ends up with about $1587 to $1667, ($2000 -$333 buyers premium fee-0 to 5% seller fee). Maybe several hundred thousand "registered" users.
All numbers are ballpark and do not include shipping. Where would you rather sell?
GC seller gets $2,000. Here is what they offer: The lowest seller's fees - 0% for coins/banknotes that realize over $1,000
But will a buyer with half a brain bid $2000 on a $2000 coin if they will have to pay a $250 buyer premium for a total of $2250? I'd only bid a maximum of $1775 or so.
it's crackers to slip a rozzer the dropsy in snide
@tommy44 said:
So let me see if I have this right.....
Buyer buys a coin on eBay for $2000 including buyer fees (none on eBay for buyers) seller ends up with about $1820 ($2000 -$120 seller eBay FVF if you have a store-$60 PayPal fee). Several million "registered" users.
Buyer buys a coin on GC for $2000 including buyer fees (12.5%) seller ends up with about $1767 to $1774, ($2000 -$223 GC buyers premium fee-$3 to $10 seller listing fee). Not sure how many but most likely a lot of "registered" users.
Buyer buys a coin on Heritage, Stack's, etc. for $2000 including buyer fees (20%) seller ends up with about $1587 to $1667, ($2000 -$333 buyers premium fee-0 to 5% seller fee). Maybe several hundred thousand "registered" users.
All numbers are ballpark and do not include shipping. Where would you rather sell?
GC seller gets $2,000. Here is what they offer: The lowest seller's fees - 0% for coins/banknotes that realize over $1,000
The post refers to buyers total out of pocket, not the bid.
@tommy44 said:
So let me see if I have this right.....
Buyer buys a coin on eBay for $2000 including buyer fees (none on eBay for buyers) seller ends up with about $1820 ($2000 -$120 seller eBay FVF if you have a store-$60 PayPal fee). Several million "registered" users.
Buyer buys a coin on GC for $2000 including buyer fees (12.5%) seller ends up with about $1767 to $1774, ($2000 -$223 GC buyers premium fee-$3 to $10 seller listing fee). Not sure how many but most likely a lot of "registered" users.
Buyer buys a coin on Heritage, Stack's, etc. for $2000 including buyer fees (20%) seller ends up with about $1587 to $1667, ($2000 -$333 buyers premium fee-0 to 5% seller fee). Maybe several hundred thousand "registered" users.
All numbers are ballpark and do not include shipping. Where would you rather sell?
GC seller gets $2,000. Here is what they offer: The lowest seller's fees - 0% for coins/banknotes that realize over $1,000
The GC seller is still impacted by the 12.5% buyer’s fee so if the buyer pays $2,000, the seller with 0 seller’s fees would get $1,750. Unless, are you saying GC pays the entire buyer’s fee to the seller?
Don't forget that eBay may be the only feasible place to sell exonumia on a regular basis; not to mention perhaps the best place to sell raw material, or world and ancient. Drawbacks for sure, such as listing, dealing with buyers, shipping and handling, but sometimes the only reasonable alternative, especially for a collector.
Why doesn't anyone ask the WHY question to those who . . .
Ebay or others fees, total cost, etc. as opposed to margins.
If I buy something for $40, and sell it for $400 on ebay to a buyer in Australia, with a store, my cost is $24 and $14 for paypal. Shipping excluded because I set shipping costs to break even.
So of my $360 profit, I pay $38, a little over 10%, for a 1000% profit. Sounds like a great deal to me, for the international exposure.
But there is NO MARGIN in coins (Wah), but it appears some people do well.
COULD it be that the coin market is saturated with more people trying to sell than buy, so a weak sellers market (Could say strong for the buyer, if one can be found).
So is it ebay's or other venue's problem that coins are a glutted market. Maybe Ebay should have a new structure, like the new SAT score, SAT adversity score, so for stuff that is in the dumps, maybe cut the fees.
Or maybe we could return to the OP's old fee structure for coins: No pictures, payment made to anonymous people via personal check from anonymous people or money order that may or may not arrive or be any good, no way to get a listing pulled, and if you never get your stuff, well, too bad, so sad.
@tommy44 said:
So let me see if I have this right.....
All numbers are ballpark and do not include shipping. Where would you rather sell?
You have the selling part right. But for collectors looking for coins to buy, the buying part is the problem with Ebay. No longer an auction venue, it is a retail venue that builds in the sellers fees onto you, the buyer.
I have over 250K worth of ebay purchases over 20 years. Next twenty will be near zero. I would prefer to burn my hundred dollar bills lighting my cigars, not overpaying for Ebay coins.
@tommy44 said:
So let me see if I have this right.....
All numbers are ballpark and do not include shipping. Where would you rather sell?
You have the selling part right. But for collectors looking for coins to buy, the buying part is the problem with Ebay. No longer an auction venue, it is a retail venue that builds in the sellers fees onto you, the buyer.
To me, the buyer always pays the seller’s fees, on any venue, since the buyer is the only one paying. The correct way to think about the seller’s fees in my mind is whatever the difference between the price paid by the buyer and the funds received by the seller is the seller’s fee, also know as what the house takes. This is on any venue.
As a buyer, I still bid on a lot of auctions on eBay, way more than what I buy at a fixed price.
To me, the buyer always pays the seller’s fees, on any venue, since the buyer is the only one paying. The correct way to think about the seller’s fees in my mind is whatever the difference between the price paid by the buyer and the funds received by the seller is the seller’s fee, also know as what the house takes. This is on any venue.
As a buyer, I still bid on a lot of auctions on eBay, way more than what I buy at a fixed price.
Of course, but on Heritage or GC as examples, bidders underbid the market value knowing that there are buyer's fees to pay. At true auctions, it is all seller's fees. The "buyer's fees" are a technical term only, because the bidders underbid factoring in these fees.
Not so on Ebay, the seller's fee is passed to the buyer in the retail pricing.
That is great you can find coins at auction. I buy seated and Barber half dollars. Out of thousands and thousands of holdered coins, there are currently 10 PCGS coins at auction (half are mine) and abouy the same for the Seated Halves (16 currently).
For what I collect, there is no true auction, just overpriced retail coins.
What might be of interest from this chart is what a small part of the business coins represent. At the very least, this is the counterargument to all the threads on this forum talking about the coming death of eBay - whose quarterly sales volume continues to increase, by the way.
Can't see anything here unless you pay to open an account.
The pardon is for tyrants. They like to declare pardons on holidays, such as the birthday of the dictator, or Christ, or the Revolution. Dictators should be encouraged to keep it up. And we should be encouraged to remember that the promiscuous dispensation of clemency is not a sign of political liberality. It is instead one of those valuable, identifying marks of tyranny.
Charles Krauthammer
What might be of interest from this chart is what a small part of the business coins represent. At the very least, this is the counterargument to all the threads on this forum talking about the coming death of eBay - whose quarterly sales volume continues to increase, by the way.
Can't see anything here unless you pay to open an account.
Glad that this has morphed into a who pays the fees thread.
Should easily get us to 200.
It is the seller that covers all the fees. Even in the case of Heritages through the roof shipping charges ($20 on a $400 coin).
Exception is the occasion where a bidder slips up and mis calculates the fees and bids a bit higher than he would have done otherwise. I have done that a few times...but not often.
@amwldcoin said:
I'm surprised more people don't buy and sell on usacoinbook.com
I'm trying it and have a whoping 1 sale so far. Payment is with paypal so the buyer is protected and they do have the option of paying with a check or money order. No listing fees and only a 2% FVF!
@amwldcoin, Nice group of coins for sale. I do have a question though. I only see one feedback but your id shows:
amwldcoin 6748 (star)
On eBay that would indicate that you have 6748 feedback. So, what does it mean on usacoinbook?
@Coinstartled said:
Glad that this has morphed into a who pays the fees thread.
Should easily get us to 200.
It is the seller that covers all the fees. Even in the case of Heritages through the roof shipping charges ($20 on a $400 coin).
Exception is the occasion where a bidder slips up and mis calculates the fees and bids a bit higher than he would have done otherwise. I have done that a few times...but not often.
I assume the website is allowing sellers to transpose their ebay feedback to establish credibility. I'm surprised ebay allows it. I had to sign into to ebay and allow the website to access my ebay feedback. I just wish it would update as it's now 6793!
@amwldcoin said:
I'm surprised more people don't buy and sell on usacoinbook.com
I'm trying it and have a whoping 1 sale so far. Payment is with paypal so the buyer is protected and they do have the option of paying with a check or money order. No listing fees and only a 2% FVF!
@amwldcoin, Nice group of coins for sale. I do have a question though. I only see one feedback but your id shows:
amwldcoin 6748 (star)
On eBay that would indicate that you have 6748 feedback. So, what does it mean on usacoinbook?
@Coinstartled said:
Glad that this has morphed into a who pays the fees thread.
Should easily get us to 200.
It is the seller that covers all the fees. Even in the case of Heritages through the roof shipping charges ($20 on a $400 coin).
Exception is the occasion where a bidder slips up and mis calculates the fees and bids a bit higher than he would have done otherwise. I have done that a few times...but not often.
Just curious what happens if this gets 200 comments? Free listing on Ebay!
@Coinstartled said:
Glad that this has morphed into a who pays the fees thread.
Should easily get us to 200.
It is the seller that covers all the fees. Even in the case of Heritages through the roof shipping charges ($20 on a $400 coin).
Exception is the occasion where a bidder slips up and mis calculates the fees and bids a bit higher than he would have done otherwise. I have done that a few times...but not often.
Actually, ebay becomes cheaper for higher value coins. Sell a 10k coin on GC and you've got $1000 in buyers premium. On ebay, the FVF is capped at $250
Paypal is kind of a push. It's 3% ($300) but if you paypal GC itis an extra $250 in buyer's premium
The FVF cap is only for stores. The basic and premium stores was just raised to $350. If you have the anchor store or higher store options it remains at $250.
@Coinstartled said:
Glad that this has morphed into a who pays the fees thread.
Should easily get us to 200.
It is the seller that covers all the fees. Even in the case of Heritages through the roof shipping charges ($20 on a $400 coin).
Exception is the occasion where a bidder slips up and mis calculates the fees and bids a bit higher than he would have done otherwise. I have done that a few times...but not often.
Actually, ebay becomes cheaper for higher value coins. Sell a 10k coin on GC and you've got $1000 in buyers premium. On ebay, the FVF is capped at $250
Paypal is kind of a push. It's 3% ($300) but if you paypal GC itis an extra $250 in buyer's premium
@amwldcoin said:
The FVF cap is only for stores. The basic and premium stores was just raised to $350. If you have the anchor store or higher store options it remains at $250.
@Coinstartled said:
Glad that this has morphed into a who pays the fees thread.
Should easily get us to 200.
It is the seller that covers all the fees. Even in the case of Heritages through the roof shipping charges ($20 on a $400 coin).
Exception is the occasion where a bidder slips up and mis calculates the fees and bids a bit higher than he would have done otherwise. I have done that a few times...but not often.
Actually, ebay becomes cheaper for higher value coins. Sell a 10k coin on GC and you've got $1000 in buyers premium. On ebay, the FVF is capped at $250
Paypal is kind of a push. It's 3% ($300) but if you paypal GC itis an extra $250 in buyer's premium
I am a buyer on E-Bay slabbed $20 gold in auctions and sometimes BIN. The e-Buck bonus often puts the BIN in range I buy drek so if the coin spot/very small premium above gold then does the eye appeal really matter? Al coins are slabbed.
I sell coins using a BIN. Since I'm mainly dealing in generics I need the E-Bay lower commission to compete. I price lower when I pay smaller fees. Otherwise, I would rather not make the sale than to sell the coin at a net price below the market value.
I used to run 80-100 auctions a week, but no more. One reason for a decline in auctions vs. fixed price listings is that lots of buyers don't want to bid except to snipe at the end of the auction. Since they don't want to compete with other bidders, I figure I might as well just set the price myself and stop worrying if there will be more than a single bid at the opening price. Works for me. And apparently, for a lot of other sellers.
@MasonG said:
I used to run 80-100 auctions a week, but no more. One reason for a decline in auctions vs. fixed price listings is that lots of buyers don't want to bid except to snipe at the end of the auction. Since they don't want to compete with other bidders, I figure I might as well just set the price myself and stop worrying if there will be more than a single bid at the opening price. Works for me. And apparently, for a lot of other sellers.
Valid point. You have to hang on to your tonsils until the last minute. Plus the fixed price listing can take advantage of the Ebay Bucks discount. Ebay has created a retailing nightmare. A fix is doubtful.
@MasonG said:
I used to run 80-100 auctions a week, but no more. One reason for a decline in auctions vs. fixed price listings is that lots of buyers don't want to bid except to snipe at the end of the auction. Since they don't want to compete with other bidders, I figure I might as well just set the price myself and stop worrying if there will be more than a single bid at the opening price. Works for me. And apparently, for a lot of other sellers.
Valid point. You have to hang on to your tonsils until the last minute. Plus the fixed price listing can take advantage of the Ebay Bucks discount. Ebay has created a retailing nightmare. A fix is doubtful.
Why is fixed price a retailing nightmare? Amazon and Walmart are 100% fixed price.
Aside from the extra work involved in figuring a price as opposed to letting the bidders do the job for you, fixed price listings aren't a problem. IMO, of course.
@MasonG said:
Aside from the extra work involved in figuring a price as opposed to letting the bidders do the job for you, fixed price listings aren't a problem. IMO, of course.
I recall a fixed price listing on Ebay for ten MS64 common Morgan Dollars at a BIN of $1000. $550-600 was a fair price.
The listing kept renewing as silver made its way to nearly fifty bucks. As it got close, the lot was sold at $100 a coin.
We are seeing the reverse of this now, as coins hang out forever as pricing declines. Ebay is now clogged with unsalable items (at the price) and legitimately priced goods are lost in the muck.
@Coinstartled said:
Ebay is now clogged with unsalable items (at the price) and legitimately priced goods are lost in the muck.
One can filter items by price range to get rid of higher priced items if one is willing to make the effort.
edited to add...
Don't get me wrong. I'd love to go back to the days when the people who ran the site didn't treat sellers like they're all potential crooks and you could list an auction with nothing more than a written description and get your coin bid up to a fair price, but that ship has sailed. The best you can do is work with what you have.
@Coinstartled said:
Ebay is now clogged with unsalable items (at the price) and legitimately priced goods are lost in the muck.
One can filter items by price range to get rid of higher priced items if one is willing to make the effort.
edited to add...
Don't get me wrong. I'd love to go back to the days when the people who ran the site didn't treat sellers like they're all potential crooks and you could list an auction with nothing more than a written description and get your coin bid up to a fair price, but that ship has sailed. The best you can do is work with what you have.
It was a long time ago. I sold a 1940 Washington MS67 to a well known dealer for about $850.
No image just a good description. Fee was 2.5%
Coin is worth sub $200 today and the fee is 6.15% or 10% depending on store status.
@Cougar1978 said:
The eBay venue has not eroded for me it’s a major part of my business.
Buying or selling? The selling part still works, the buying part is clogged with the Eternitycoins and other dreck peddlers of the world.
For fifteen years or so, I used to have dozens and dozens of coins tracked week after week. Why? Well, they were at auction and I wanted to win them. Now? Why track a coin when its fixed price already makes it a total dud?
@Cougar1978 said:
The eBay venue has not eroded for me it’s a major part of my business.
That's because you understand business
Yes...all the dealers on the forum that have walked away from Ebay do not.
6% fees are of course way better for the bottom line than 2.5% fees. Paypal at 2.9% is a better value than Paypal at 2.2%.
Returns jammed down your throat builds consumer confidence. Getting crushed in the search feature by Apmex can only increase traffic.
That comparison alone proves you don't understand business. Are 6% fees higher than 2.5%? Yes. But it isn't the increase in rates, it's the relative cost/benefit compared to other venues. 10% total fees are CHEAP compared to trying to run a B&M. Amazon charges 20%-30%. Major auction houses charge 20-30%. GC charges 10-17.5%
eBay isn't for everything or everyone, but it has its place for people who know how to use it - like Cougar
It's also worth pointing out that when the fees were 2.5% you didn't have any of the guarantees that exist now. There is more benefit than there was at 2.5%
An throwing PayPal in there is gratuitous. That is a payment processing fee that you potentially face in any venue, including your own website or B&M. And you can tell me you'll take cash only, but don't pretend that doesn't cost you customers in an e-tailing venue.
@Coinstartled said:
6% fees are of course way better for the bottom line than 2.5% fees. Paypal at 2.9% is a better value than Paypal at 2.2%.
Returns jammed down your throat builds consumer confidence. Getting crushed in the search feature by Apmex can only increase traffic.
Of course 2.5% fees are better than 6%, PayPal at 2.2% is better than 2.9% and not having returns jammed down your throat is preferable. Those choices are, however, not on the table. Best you can do is work with things the way they are.
@Cougar1978 said:
The eBay venue has not eroded for me it’s a major part of my business.
That's because you understand business
Yes...all the dealers on the forum that have walked away from Ebay do not.
6% fees are of course way better for the bottom line than 2.5% fees. Paypal at 2.9% is a better value than Paypal at 2.2%.
Returns jammed down your throat builds consumer confidence. Getting crushed in the search feature by Apmex can only increase traffic.
That comparison alone proves you don't understand business. Are 6% fees higher than 2.5%? Yes. But it isn't the increase in rates, it's the relative cost/benefit compared to other venues. 10% total fees are CHEAP compared to trying to run a B&M. Amazon charges 20%-30%. Major auction houses charge 20-30%. GC charges 10-17.5%
eBay isn't for everything or everyone, but it has its place for people who know how to use it - like Cougar
Do you make a business of selling properly graded PCGS and NGC coins. Have you sold a common mid grade saint on Ebay recently. Do you know how to turn a profit on a bullion coin when the fees are 10% or a bit higher including shipping.
This is the PCGS coin forum. No one but the most favored bullion sellers can transact quantities of higher dollar coins in many PCGS categories on Ebay. You mentioned that your bailiwick is the $25 or $30 of collectibles.
Glad that you are making it, but the fellows dealing in higher ticket PCGS have to go elsewhere.
@Coinstartled said:
6% fees are of course way better for the bottom line than 2.5% fees. Paypal at 2.9% is a better value than Paypal at 2.2%.
Returns jammed down your throat builds consumer confidence. Getting crushed in the search feature by Apmex can only increase traffic.
Of course 2.5% fees are better than 6%, PayPal at 2.2% is better than 2.9% and not having returns jammed down your throat is preferable. Those choices are, however, not on the table. Best you can do is work with things the way they are.
I'm going to agree with coinstartled here to a point. Yes the fees are higher, but how many people here bitch and moan about what a dealer is willing to pay for coins? I believe my average cost to sell on ebay after paying shipping averages around 11-12% overall. Couple that with the majority of moaners on here bitch and complain because no one will sell their coins to them on ebay for greysheet bid or less. How many of those moaners are willing to sell their coins for 20% or more back of greysheet?
@Coinstartled said:
6% fees are of course way better for the bottom line than 2.5% fees. Paypal at 2.9% is a better value than Paypal at 2.2%.
Returns jammed down your throat builds consumer confidence. Getting crushed in the search feature by Apmex can only increase traffic.
Of course 2.5% fees are better than 6%, PayPal at 2.2% is better than 2.9% and not having returns jammed down your throat is preferable. Those choices are, however, not on the table. Best you can do is work with things the way they are.
@Cougar1978 said:
The eBay venue has not eroded for me it’s a major part of my business.
That's because you understand business
Yes...all the dealers on the forum that have walked away from Ebay do not.
6% fees are of course way better for the bottom line than 2.5% fees. Paypal at 2.9% is a better value than Paypal at 2.2%.
Returns jammed down your throat builds consumer confidence. Getting crushed in the search feature by Apmex can only increase traffic.
That comparison alone proves you don't understand business. Are 6% fees higher than 2.5%? Yes. But it isn't the increase in rates, it's the relative cost/benefit compared to other venues. 10% total fees are CHEAP compared to trying to run a B&M. Amazon charges 20%-30%. Major auction houses charge 20-30%. GC charges 10-17.5%
eBay isn't for everything or everyone, but it has its place for people who know how to use it - like Cougar
Do you make a business of selling properly graded PCGS and NGC coins. Have you sold a common mid grade saint on Ebay recently. Do you know how to turn a profit on a bullion coin when the fees are 10% or a bit higher including shipping.
This is the PCGS coin forum. No one but the most favored bullion sellers can transact quantities of higher dollar coins in many PCGS categories on Ebay. You mentioned that your bailiwick is the $25 or $30 of collectibles.
Glad that you are making it, but the fellows dealing in higher ticket PCGS have to go elsewhere.
As I say every time you bring up eBay - NOT EVERYTHING belongs on eBay, just like not everything belongs on Stacks or Heritage or GC....or Amazon. Have you seen all the great coins on Amazon?
HEAP compared to trying to run a B&M. Amazon charges 20%-30%. Major auction houses charge 20-30%. GC charges 10-17.5%
eBay isn't for everything or everyone, but it has its place for people who know how to use it - like Cougar
Do you make a business of selling properly graded PCGS and NGC coins. Have you sold a common mid grade saint on Ebay recently. Do you know how to turn a profit on a bullion coin when the fees are 10% or a bit higher including shipping.
This is the PCGS coin forum. No one but the most favored bullion sellers can transact quantities of higher dollar coins in many PCGS categories on Ebay. You mentioned that your bailiwick is the $25 or $30 of collectibles.
Glad that you are making it, but the fellows dealing in higher ticket PCGS have to go elsewhere.
By the way, you also can't sell a bullion coin on GC or Amazon or Heritage and make any money. So, what's your point? Margins on bullion are HORRIBLE. You can't sell them in any incremental cost venue.
@Cougar1978 said:
The eBay venue has not eroded for me it’s a major part of my business.
That's because you understand business
Yes...all the dealers on the forum that have walked away from Ebay do not.
6% fees are of course way better for the bottom line than 2.5% fees. Paypal at 2.9% is a better value than Paypal at 2.2%.
Returns jammed down your throat builds consumer confidence. Getting crushed in the search feature by Apmex can only increase traffic.
Exactly. I can only sell on E-Bay. With a store I pay 6+3 (including Paypal). I set the BIN. I can adjust the price at any time. If items are slow to move E-Bay offers the E-Bucks incentives and items move much more aggressively. Thus I am really not paying 9% including Paypal since I'm being subsidized by E-Bay. My effective rate is closer to 6% all in.There is no other venue for me to sell slabbed $20 gold pieces and keep any proceeds. None.
Comments
OH, THANKS A LOT! 53,933 more coins to shop
I'll give it a try, Darrell. Thanks!
Here's a warning parable for coin collectors...
Here's a good place to start!
https://usacoinbook.com/members/AmeriWorldCoins/
So let me see if I have this right.....
Buyer buys a coin on eBay for $2000 including buyer fees (none on eBay for buyers) seller ends up with about $1820 ($2000 -$120 seller eBay FVF if you have a store-$60 PayPal fee). Several million "registered" users.
Buyer buys a coin on GC for $2000 including buyer fees (12.5%) seller ends up with about $1767 to $1774, ($2000 -$223 GC buyers premium fee-$3 to $10 seller listing fee). Not sure how many but most likely a lot of "registered" users.
Buyer buys a coin on Heritage, Stack's, etc. for $2000 including buyer fees (20%) seller ends up with about $1587 to $1667, ($2000 -$333 buyers premium fee-0 to 5% seller fee). Maybe several hundred thousand "registered" users.
All numbers are ballpark and do not include shipping. Where would you rather sell?
it's crackers to slip a rozzer the dropsy in snide
Shhh...your numbers are clouding their hatred.
And forget the $2000 coin. Do it for a $50 coin - assuming anyone but eBay wants your $50 coin
eBay $50 - $3.10 eBay - $1.85 Paypal net $45.05 [if you have a store]
Heritage - $50 - $19 buyer's fee and $5 seller's fee = Net $26
GC - $50 - $5 buyer's fee (e-check) - $5 one-time set up fee - $2.50 seller's fee = $37.50
It's not even close
Different coins - different places. There's room for everybody. A $1000 and up coin is probably better off at one of the auction houses, although I have sold coins for as much as $9k on eBay. But if you've got stuff in the $100 and under range, no one compares with eBay
And, before anyone goes all BST on me
BST $50 - $1.85 Paypal = Net $48.15
But BST is not a lot of eyeballs and for the extra $3 on eBay, I get a whole lot more eyeballs.
GC seller gets $2,000. Here is what they offer: The lowest seller's fees - 0% for coins/banknotes that realize over $1,000
But will a buyer with half a brain bid $2000 on a $2000 coin if they will have to pay a $250 buyer premium for a total of $2250? I'd only bid a maximum of $1775 or so.
it's crackers to slip a rozzer the dropsy in snide
The post refers to buyers total out of pocket, not the bid.
I'm not a fan of eBays fees, but it is the best option for the little guy like me to move their nickel and dime stuff.
Paper money eventually returns to its intrinsic value. Zero. Voltaire. Ebay coinbowlllc
The GC seller is still impacted by the 12.5% buyer’s fee so if the buyer pays $2,000, the seller with 0 seller’s fees would get $1,750. Unless, are you saying GC pays the entire buyer’s fee to the seller?
Don't forget that eBay may be the only feasible place to sell exonumia on a regular basis; not to mention perhaps the best place to sell raw material, or world and ancient. Drawbacks for sure, such as listing, dealing with buyers, shipping and handling, but sometimes the only reasonable alternative, especially for a collector.
Why doesn't anyone ask the WHY question to those who . . .
Ebay or others fees, total cost, etc. as opposed to margins.
If I buy something for $40, and sell it for $400 on ebay to a buyer in Australia, with a store, my cost is $24 and $14 for paypal. Shipping excluded because I set shipping costs to break even.
So of my $360 profit, I pay $38, a little over 10%, for a 1000% profit. Sounds like a great deal to me, for the international exposure.
But there is NO MARGIN in coins (Wah), but it appears some people do well.
COULD it be that the coin market is saturated with more people trying to sell than buy, so a weak sellers market (Could say strong for the buyer, if one can be found).
So is it ebay's or other venue's problem that coins are a glutted market. Maybe Ebay should have a new structure, like the new SAT score, SAT adversity score, so for stuff that is in the dumps, maybe cut the fees.
Or maybe we could return to the OP's old fee structure for coins: No pictures, payment made to anonymous people via personal check from anonymous people or money order that may or may not arrive or be any good, no way to get a listing pulled, and if you never get your stuff, well, too bad, so sad.
You have the selling part right. But for collectors looking for coins to buy, the buying part is the problem with Ebay. No longer an auction venue, it is a retail venue that builds in the sellers fees onto you, the buyer.
I have over 250K worth of ebay purchases over 20 years. Next twenty will be near zero. I would prefer to burn my hundred dollar bills lighting my cigars, not overpaying for Ebay coins.
To me, the buyer always pays the seller’s fees, on any venue, since the buyer is the only one paying. The correct way to think about the seller’s fees in my mind is whatever the difference between the price paid by the buyer and the funds received by the seller is the seller’s fee, also know as what the house takes. This is on any venue.
As a buyer, I still bid on a lot of auctions on eBay, way more than what I buy at a fixed price.
Of course, but on Heritage or GC as examples, bidders underbid the market value knowing that there are buyer's fees to pay. At true auctions, it is all seller's fees. The "buyer's fees" are a technical term only, because the bidders underbid factoring in these fees.
Not so on Ebay, the seller's fee is passed to the buyer in the retail pricing.
That is great you can find coins at auction. I buy seated and Barber half dollars. Out of thousands and thousands of holdered coins, there are currently 10 PCGS coins at auction (half are mine) and abouy the same for the Seated Halves (16 currently).
For what I collect, there is no true auction, just overpriced retail coins.
Can't see anything here unless you pay to open an account.
The pardon is for tyrants. They like to declare pardons on holidays, such as the birthday of the dictator, or Christ, or the Revolution. Dictators should be encouraged to keep it up. And we should be encouraged to remember that the promiscuous dispensation of clemency is not a sign of political liberality. It is instead one of those valuable, identifying marks of tyranny.
Charles Krauthammer
See my later post where I abstracted the numbers.
Not sure why I can see it. I didn't pay anything
Glad that this has morphed into a who pays the fees thread.
Should easily get us to 200.
It is the seller that covers all the fees. Even in the case of Heritages through the roof shipping charges ($20 on a $400 coin).
Exception is the occasion where a bidder slips up and mis calculates the fees and bids a bit higher than he would have done otherwise. I have done that a few times...but not often.
I consigned a small group to GC, interested to see how they do.
Collector, occasional seller
@amwldcoin, Nice group of coins for sale. I do have a question though. I only see one feedback but your id shows:
amwldcoin 6748 (star)
On eBay that would indicate that you have 6748 feedback. So, what does it mean on usacoinbook?
Interesting thread. I love buying and selling on eBay for low priced coins under $200.
Just trying to help @Coinstartled get to his 200
I assume the website is allowing sellers to transpose their ebay feedback to establish credibility. I'm surprised ebay allows it. I had to sign into to ebay and allow the website to access my ebay feedback. I just wish it would update as it's now 6793!
Just curious what happens if this gets 200 comments? Free listing on Ebay!
Actually, ebay becomes cheaper for higher value coins. Sell a 10k coin on GC and you've got $1000 in buyers premium. On ebay, the FVF is capped at $250
Paypal is kind of a push. It's 3% ($300) but if you paypal GC itis an extra $250 in buyer's premium
The FVF cap is only for stores. The basic and premium stores was just raised to $350. If you have the anchor store or higher store options it remains at $250.
Metaphor for the coin collector buying Ebay fixed prices.
That supports my point. Thank you.
Yes, the cap is for stores only.
But, look how much cheaper 100k coin is on ebay!
I am a buyer on E-Bay slabbed $20 gold in auctions and sometimes BIN. The e-Buck bonus often puts the BIN in range I buy drek so if the coin spot/very small premium above gold then does the eye appeal really matter? Al coins are slabbed.
I sell coins using a BIN. Since I'm mainly dealing in generics I need the E-Bay lower commission to compete. I price lower when I pay smaller fees. Otherwise, I would rather not make the sale than to sell the coin at a net price below the market value.
Is the venue eroding? I haven't seen it to date.
I used to run 80-100 auctions a week, but no more. One reason for a decline in auctions vs. fixed price listings is that lots of buyers don't want to bid except to snipe at the end of the auction. Since they don't want to compete with other bidders, I figure I might as well just set the price myself and stop worrying if there will be more than a single bid at the opening price. Works for me. And apparently, for a lot of other sellers.
Valid point. You have to hang on to your tonsils until the last minute. Plus the fixed price listing can take advantage of the Ebay Bucks discount. Ebay has created a retailing nightmare. A fix is doubtful.
Why is fixed price a retailing nightmare? Amazon and Walmart are 100% fixed price.
Aside from the extra work involved in figuring a price as opposed to letting the bidders do the job for you, fixed price listings aren't a problem. IMO, of course.
We are talking about coins still...not baked beans and bath mats?
I recall a fixed price listing on Ebay for ten MS64 common Morgan Dollars at a BIN of $1000. $550-600 was a fair price.
The listing kept renewing as silver made its way to nearly fifty bucks. As it got close, the lot was sold at $100 a coin.
We are seeing the reverse of this now, as coins hang out forever as pricing declines. Ebay is now clogged with unsalable items (at the price) and legitimately priced goods are lost in the muck.
One can filter items by price range to get rid of higher priced items if one is willing to make the effort.
edited to add...
Don't get me wrong. I'd love to go back to the days when the people who ran the site didn't treat sellers like they're all potential crooks and you could list an auction with nothing more than a written description and get your coin bid up to a fair price, but that ship has sailed. The best you can do is work with what you have.
The eBay venue has not eroded for me it’s a major part of my business.
That's because you understand business
It was a long time ago. I sold a 1940 Washington MS67 to a well known dealer for about $850.
No image just a good description. Fee was 2.5%
Coin is worth sub $200 today and the fee is 6.15% or 10% depending on store status.
Yes...all the dealers on the forum that have walked away from Ebay do not.
6% fees are of course way better for the bottom line than 2.5% fees. Paypal at 2.9% is a better value than Paypal at 2.2%.
Returns jammed down your throat builds consumer confidence. Getting crushed in the search feature by Apmex can only increase traffic.
Buying or selling? The selling part still works, the buying part is clogged with the Eternitycoins and other dreck peddlers of the world.
For fifteen years or so, I used to have dozens and dozens of coins tracked week after week. Why? Well, they were at auction and I wanted to win them. Now? Why track a coin when its fixed price already makes it a total dud?
That comparison alone proves you don't understand business. Are 6% fees higher than 2.5%? Yes. But it isn't the increase in rates, it's the relative cost/benefit compared to other venues. 10% total fees are CHEAP compared to trying to run a B&M. Amazon charges 20%-30%. Major auction houses charge 20-30%. GC charges 10-17.5%
eBay isn't for everything or everyone, but it has its place for people who know how to use it - like Cougar
It's also worth pointing out that when the fees were 2.5% you didn't have any of the guarantees that exist now. There is more benefit than there was at 2.5%
An throwing PayPal in there is gratuitous. That is a payment processing fee that you potentially face in any venue, including your own website or B&M. And you can tell me you'll take cash only, but don't pretend that doesn't cost you customers in an e-tailing venue.
Of course 2.5% fees are better than 6%, PayPal at 2.2% is better than 2.9% and not having returns jammed down your throat is preferable. Those choices are, however, not on the table. Best you can do is work with things the way they are.
Do you make a business of selling properly graded PCGS and NGC coins. Have you sold a common mid grade saint on Ebay recently. Do you know how to turn a profit on a bullion coin when the fees are 10% or a bit higher including shipping.
This is the PCGS coin forum. No one but the most favored bullion sellers can transact quantities of higher dollar coins in many PCGS categories on Ebay. You mentioned that your bailiwick is the $25 or $30 of collectibles.
Glad that you are making it, but the fellows dealing in higher ticket PCGS have to go elsewhere.
What kind of stuff do you sell on Ebay?
Mostly world coins, $20 to $200.
I'm going to agree with coinstartled here to a point. Yes the fees are higher, but how many people here bitch and moan about what a dealer is willing to pay for coins? I believe my average cost to sell on ebay after paying shipping averages around 11-12% overall. Couple that with the majority of moaners on here bitch and complain because no one will sell their coins to them on ebay for greysheet bid or less. How many of those moaners are willing to sell their coins for 20% or more back of greysheet?
As I say every time you bring up eBay - NOT EVERYTHING belongs on eBay, just like not everything belongs on Stacks or Heritage or GC....or Amazon. Have you seen all the great coins on Amazon?
HEAP compared to trying to run a B&M. Amazon charges 20%-30%. Major auction houses charge 20-30%. GC charges 10-17.5%
By the way, you also can't sell a bullion coin on GC or Amazon or Heritage and make any money. So, what's your point? Margins on bullion are HORRIBLE. You can't sell them in any incremental cost venue.
Exactly. I can only sell on E-Bay. With a store I pay 6+3 (including Paypal). I set the BIN. I can adjust the price at any time. If items are slow to move E-Bay offers the E-Bucks incentives and items move much more aggressively. Thus I am really not paying 9% including Paypal since I'm being subsidized by E-Bay. My effective rate is closer to 6% all in.There is no other venue for me to sell slabbed $20 gold pieces and keep any proceeds. None.