was calling some dealers or traveling to a show or two not a consideration/option? i'd venture you could net more profit by reducing fees AND increasing the sell price a bit.
was calling some dealers or traveling to a show or two not a consideration/option? i'd venture you could net more profit by reducing fees AND increasing the sell price a bit.
Yes, good thought. As for shows here in California, that's a no-go but I was thinking about posting a few of the lower priced Morgans on the BST and trying to make $5 - $10 each rather than incur the fees ebay and paypal fees. I did cherry pick these and consider most of them to be either under-graded or at a minimum, solid for the grade examples.
most of them to be either under-graded or at a minimum, solid for the grade examples.
since you're a good sport. did you do the analysis of crack-out/reconsideration? you had enough to make the trip average out/worth while.
i almost suggested it before you did anything with them but figured you knew everything i'd post and made your decisions accordingly. no need to try and scrape every dollar out of them but being a little financially savvy is a second nature numismatic quality.
the only coins i regret when i comes to tpgs is the coins i DIDN"T send off. the hits would cover the misses dozens and dozens of times over. fwiw
Hey @LanceNewmanOCC - first, thanks for considering me a good sport.
The crack-out idea did cross my mind but that's a slippery slope and my grading/re-grading submissions have been less than successful. Since my margins were slim to begin with, I decided to try to keep any potential losses to a minimum.
In my mind, this is an educational exercise more than a profit-making venture. The more coins I see in hand and review historically online, the better collector I will become. Lastly, I enjoy the listing process, watching my auctions and making new friends in the community so I feel like I win, even if I lose a little money.
For anyone looking for a subject other than End of Second World War stuff, my second batch of ebay auctions ended Sunday night and I received my last payment this morning. I'm not sure if the election week had an impact but the results were not as promising as Week 1. I have four more coins listed this week and I will provide another update early next week. I will add the ebay fees in the final update:
Add a profit/loss column at the right to make this easier to read. You seem to have done OK on those that aren't generics in generic grades. Sustaining that for the rest of them might not be as easy.
@messydesk said:
Add a profit/loss column at the right to make this easier to read. You seem to have done OK on those that aren't generics in generic grades. Sustaining that for the rest of them might not be as easy.
Good suggestion. Will add another column. And I am going to have to use some creative marketing on the remaining inventory to be sure.
@pointfivezero said:
Good suggestion. Will add another column. And I am going to have to use some creative marketing on >the remaining inventory to be sure.
i know i've spoken on this subject already but i really am compelled to implore you to at the very least, sell your more valuable coins to dealers, (or collectors directly, pp invoice, bst) good to establish those relationships anyway. i see some dealers as a personal bank to me. i bring them coins they want, they give me cash, my expenses, some time and gas money. they're happy, i'm happy. win-win.
that would also help fun experiments and such.
i'm sure you made some happy buyers and learned a lot but as part of your experiment, creative/effective/diverse solutions are good to consider.
in any event, this was a fun exercise to watch and participate in. there will be more coins.
@LanceNewmanOCC - really do appreciate the solid input and advice. For these lower end coins, I feel ebay is probably my best outlet. As I mentioned, I enjoy the process and view it as a learning opportunity, both for me and anyone reading this thread who is considering selling coins online.
With that said, I sold a nearly complete collection of Carson City Morgans to a dealer after doing the math vs an ebay sale. After fees, I think it was the better deal. Plus I got to watch them opened on his youtube channel:
@pointfivezero said:
I do have a few mid-range CC's to sell after I submit them to CAC. I am leaning towards consigning them to Heritage or Great Collections.
Comments
Gross so far. Haven’t been paid yet. I have columns for eBay, PayPal and shipping fees.
Wow you’re really putting it all out there ... good luck to you, I hope you see a decent profit after all the fees, etc.
Let's call it Covid-based boredom.
.
hehe. i like it.
was calling some dealers or traveling to a show or two not a consideration/option? i'd venture you could net more profit by reducing fees AND increasing the sell price a bit.
A very interesting and practical thread for anyone who's ever sold coins or will be selling later on.
I've sold some here and there and for the most part have been happy with the results, but every now and then you do take a hit.
10-4,
My Instagram picturesErik
My registry sets
Yes, good thought. As for shows here in California, that's a no-go but I was thinking about posting a few of the lower priced Morgans on the BST and trying to make $5 - $10 each rather than incur the fees ebay and paypal fees. I did cherry pick these and consider most of them to be either under-graded or at a minimum, solid for the grade examples.
most of them to be either under-graded or at a minimum, solid for the grade examples.
since you're a good sport. did you do the analysis of crack-out/reconsideration? you had enough to make the trip average out/worth while.
i almost suggested it before you did anything with them but figured you knew everything i'd post and made your decisions accordingly. no need to try and scrape every dollar out of them but being a little financially savvy is a second nature numismatic quality.
the only coins i regret when i comes to tpgs is the coins i DIDN"T send off. the hits would cover the misses dozens and dozens of times over. fwiw
Hey @LanceNewmanOCC - first, thanks for considering me a good sport.
The crack-out idea did cross my mind but that's a slippery slope and my grading/re-grading submissions have been less than successful. Since my margins were slim to begin with, I decided to try to keep any potential losses to a minimum.
In my mind, this is an educational exercise more than a profit-making venture. The more coins I see in hand and review historically online, the better collector I will become. Lastly, I enjoy the listing process, watching my auctions and making new friends in the community so I feel like I win, even if I lose a little money.
Tim
Tim. Good for you! 👍
"Got a flaming heart, can't get my fill"
I think your openness about your buying and selling will provide valuable information for similar-minded folks here. Good for you and best of luck!
See http://www.doubledimes.com for a free online reference for US twenty-cent pieces
Thanks to you both @astrorat & @Catbert - appreciate the comments.
Almost forgot-you're selling more tonight.
Yeah, apparently most ebay buyers have forgotten as well.
Not looking as promising as Week 1 but I’ll post an update later regardless.
For anyone looking for a subject other than End of Second World War stuff, my second batch of ebay auctions ended Sunday night and I received my last payment this morning. I'm not sure if the election week had an impact but the results were not as promising as Week 1. I have four more coins listed this week and I will provide another update early next week. I will add the ebay fees in the final update:
Why are you shipping costs crazy high?? None of them should be over $ 3.75. You can ship 50 slabbed dollars for $11.85
Just a guess...
1904-O sold for $125.69. Small flat rate box + insurance = $11.85.
For the "higher value" Morgans, I advertised Priority Mail. I am downgrading to First Class Mail as the rule now.
Assuming that your paying 10% to ebay it looks like your up $30-40 bucks, better than I would have thought.
My Collection of Old Holders
Never a slave to one plastic brand will I ever be.
Add a profit/loss column at the right to make this easier to read. You seem to have done OK on those that aren't generics in generic grades. Sustaining that for the rest of them might not be as easy.
Keeper of the VAM Catalog • Professional Coin Imaging • Prime Number Set • World Coins in Early America • British Trade Dollars • Variety Attribution
Yes, as I mentioned early, this is half education and half experiment so I would consider breaking even a win.
Good suggestion. Will add another column. And I am going to have to use some creative marketing on the remaining inventory to be sure.
i know i've spoken on this subject already but i really am compelled to implore you to at the very least, sell your more valuable coins to dealers, (or collectors directly, pp invoice, bst) good to establish those relationships anyway. i see some dealers as a personal bank to me. i bring them coins they want, they give me cash, my expenses, some time and gas money. they're happy, i'm happy. win-win.
that would also help fun experiments and such.
i'm sure you made some happy buyers and learned a lot but as part of your experiment, creative/effective/diverse solutions are good to consider.
in any event, this was a fun exercise to watch and participate in. there will be more coins.
@LanceNewmanOCC - really do appreciate the solid input and advice. For these lower end coins, I feel ebay is probably my best outlet. As I mentioned, I enjoy the process and view it as a learning opportunity, both for me and anyone reading this thread who is considering selling coins online.
With that said, I sold a nearly complete collection of Carson City Morgans to a dealer after doing the math vs an ebay sale. After fees, I think it was the better deal. Plus I got to watch them opened on his youtube channel:
I do have a few mid-range CC's to sell after I submit them to CAC. I am leaning towards consigning them to Heritage or Great Collections.
Thanks and keep the advice coming.
Tim
neat there is a vid of that.
hope your endeavors go well and enjoy your coins!