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Ebay $20 final value fee cap promotion now excludes Coins and Paper Money
liefgold
Posts: 1,786 ✭✭✭✭✭
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.
you don't have any football or baseball cards?
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
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?"
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
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.
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
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?
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.
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.
"Money does not care about speeches on morality. Capital asks whether the rules will remain the same tomorrow. With inflation, people assume price is the problem, and propose regulation—but price is simply the message." - Martin Armstrong
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.