Ebay $20 final value fee cap promotion now excludes Coins and Paper Money
liefgold
Posts: 1,725 ✭✭✭✭✭
I was waiting to get this promotion and was disappointed to see they now exclude coins. Going on now. Yet another reason to abandon ebay and go to GC.
liefgold
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Does GC have a $20 value cap?
My Early Large Cents
...another brick in the wall.
No, but they don't charge sales tax and the fee is 10% over $1000 not 13%.
How does any seller avoid charging sales tax in compliance with applicable state laws?
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
they will have to charge sales tax if your state requires it as they will eventually (soon?) reach the cap exclusion.
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What's 13%?
All comments reflect the opinion of the author, even when irrefutably accurate.
Yes, because their coupon wasn't good enough. The other 51 weeks of the year I have no FVF cap at all, so this is so irrelevant.
All comments reflect the opinion of the author, even when irrefutably accurate.
you don't have any football or baseball cards?
Maybe.
If you open a store, which is like $20 for a month, it's only 6.15% eBay fees.
All comments reflect the opinion of the author, even when irrefutably accurate.
has anyone been offered a 10 percent e bucks promo for selling this year yet? they were giving those out just about every quarter, I haven't got one of those this year yet
No.
I do have a $10 FVF offer on one account. I'm thinking of listing Gold Olympic commems under "Olympic games".
Do you think eBay would care if I listed St. Gauden's under "birds"?
I also think I could convince a jury that listing coins or medals under "Art" would be appropriate.
All comments reflect the opinion of the author, even when irrefutably accurate.
Collectibles has interesting... PMs. Just have to find them.
Only 6.15%? Versus 2.5% or less when Ebay rolled out the level playing field. At least one can buy preparation H on Ebay to ease the pain.
It is irrelevant as you sell stuff for $20 and $30. A fellow that wants to move a common Saint will get rapped for $1400 x 13% or $182 selling on Ebay. GC will sell the coin for a ten percent charge and do the listing and shipping.
I have a few saint dups that I'm just going to put in an old PCGS box and forget about until it's full.
Kinda like the world's most expensive penny jar.
My Saint Set
Bought couple Libs against auction proceeds and they have popped about $50 each in a few weeks. Gold is good again!
aren't coins "collectibles?"
No Way Out: Stimulus and Money Printing Are the Only Path Left
Dude, get a calendar?
Why don't you say: "GC is 10% versus 2.5% when eBay started"?
All comments reflect the opinion of the author, even when irrefutably accurate.
I've sold coins for as much as $9000 on eBay. I sold a Satin Proof Buffalo in 67 CAC for $2300 just this week. My current listings run from $0.49 (not kidding) to $2300.
Do I wish the fees were 5% or 4% or 2.5% or 1% instead of the 5.65% that I pay? Yes, I absolutely do. But it is what it is...
And, at the same time that you keep predicting that eBay is going to go bankrupt [based on no evidence, only hatred], you want them to cut their revenue in half? Seems like they know what they are doing and maybe you don't. Just a thought. There top line and bottom line continue to steadily grow (4 to 8% annually of late). They are not a growth company anymore with double digit growth rates, but they are still a stable value company with a reasonable growth rate.
All comments reflect the opinion of the author, even when irrefutably accurate.
I get the 25 % and 50 % off promos fairly often, the 10 and 20 dollar flat rate final value fee promo only comes around maybe twice a year at the most
Ebay was really sneaky with their change in qualifications last September for final value fee discount for top rated sellers to one month returns. When I found out that I wasn't getting it I was later able to get the current bill discounted back to the 10% discount.
Many major companies like Heritage Auctions have active ebay people, these days top sellers have to find every major internet sale option. Top ebay sellers are still getting a better percentage than GC or other auction venues. But they have to do all their own work.
Ebay gets to set the terms. Never have been a fan of government stepping into business decisions as my error coin counterpart does. I don't curse the Ebay employees and hang up on them either.
They can only bend so far though. Ebay bucks promos are profit sucking...Not making much money when you are collecting 6% in fees and paying out 10% in bucks. No Ebay seller will ever be able to compete with Amazons low cost of shipping. Sell a pair of Nikes for $60 and it will cost $10-12$ shipping vs AMZN $2.00 or less.
Only advantage Ebay seller had...and it was slim, was the tax free status of most sales. That is gone, done finished, kaput.
In a couple years all 57 states (er 50) will be at the Ebay trough sucking money margin off the top.
Forget anything near bullion moving on Ebay.
The fail will not be pretty.
Not to continue this when you clearly don't understand the business dynamics. But you are conflating multiple things and then extrapolating a lack of bullion on eBay to a "fail".
Amazon shippers DO NOT GET BETTER RATES than eBay shippers. Amazon warehouses get better rates.
Walmart and Amazon are the most direct comparisons, for many reasons. Both have the tax problem. Both have nexus in multiple states. Both do most of their own shipping as opposed to using independents.
eBay is unique in that it does have a lot of independents as well as large corporations.
Query me this: If eBay is such a bad deal, why do companies like Office Max and STaples cross-list on eBay?
It is possible that eBay will cease to be a coin marketplace. The margins on coins are pretty slim. But that is a COIN problem not an eBay problem. IF 5 years from now there are no coins or bullion on eBay, eBay will still be a profitable going concern.
You might try anti-anxiety drugs. The vitriol you carry can't be good for your health.
All comments reflect the opinion of the author, even when irrefutably accurate.
EBay will be around for a very long time. Great place to buy and sell coins!
EBay doesn't care. The U.S. Coins and Paper Money category probably constitutes a very, very small sliver of its business so it won't even notice or care if sellers are turned away.
I'm not sure I agree with the latter. Without a doubt you have more exposure to potential buyers, but potential exposure doesn't necessarily translate into actual sales. For years eBay was very lucrative; however, increasing fees and tightening margins in a down market are making it less so. Couple that with anti-seller policies (buyer always wins disputes, etc., Google the class action lawsuits), and I cannot agree that it is a great place to sell coins. This is unfortunate because I do think it was a great venue for coin sales up until a few years ago.
Recently, there was some kind of indication that the "Coins and Paper money" category was 1.4% of total listings, or perhaps gross revenue. Don't recall which and can't say about the accuracy of the number, but I don't think eBay is worried. They might be relieved if some persons went away.
GC also has a listing fee that adds some to each coin, so not quite as low as 10% for ≥$1000, and for sub $100 coins, that listing fee really amps up the %.
It is just a matter of time until GC is forced to charge appropriate sales tax.............
Best, SH
Don't forget the 5% seller fee under $1000. A $100 coin has 20% fees(10% buyer +5% seller+ $5 set up). A $50 coin has 25% fees.
That is not to criticize GC ORHeritage or Stacks or eBay. Not everything belongs in every venue. They all provide a service and have their place whether you are a buyer or seller. Anyone who says otherwise, frankly, doesn't understand the market or business.
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I was getting 10% eBay bucks a couple weeks ago,,,,,
Last I knew Great Collections charged no selling fee to the seller on coins that sell for over $1,000. Has this changed?
They are referring to the buyer's fee which reduces bids by the same amount. Unless the bidder is a moron.
You had 10% SELLING ebay bucks or BUYING?
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Buying, don’t think I have ever gotten selling bucks.
Love these boards. It shows me I have so much to learn.
Why would someone sell a $1400 coin (through GC) to net $1260 with gold at $1340? Isn't melt almost $1300?
Nobody is obligated to give you melt. Not at all. Liquidity itself has its own value & is very important sometimes.
You're right.
VF To 62 sells for 97 or 98% of melt to almost any reputable dealer People selling bullion on GC are nuts. They end up getting 90% of melt. I've bought gold on GC as well as stacks and heritage and immediately scrapped it. At least with heritage and stacks, the gold is probably owned by them so they aren't eating the 20%.
All comments reflect the opinion of the author, even when irrefutably accurate.
TRue.
So what you're basically saying is that if I need money urgently and if I have very little material to sell, I might hit any bid?
Otherwise, melting the coins might prove to be a better solution?
I used to complain about editorial policy when I was a young newspaper reporter.
Wise old editor pulled me aside and reminded me "freedom of the press belongs to those that own one."
Not happy? Start your own ebay.
No Way Out: Stimulus and Money Printing Are the Only Path Left
I agree with you. It makes very little sense to sell generics in auction format (regardless of venue) in most cases as you can usually do much better by wholesaling them yourself. If the coins are CACed even better as the coins are instantly liquid. I have used the CAC strategy to dump illiquid coins like classic commemoratives and small amounts of generic gold that I had.