How many eBay sellers do you follow? How many no longer have coins for sale?
bolivarshagnasty
Posts: 7,353 ✭✭✭✭✭
I was surprised to find that 8 of the 21 sellers I follow have stopped selling or have nothing to sell. What is your situation?
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Interesting. To what do you attribute this change?
The sellers that I follow are the ones that I will no longer buy from.
Something in the transaction went wrong for me.
Wayne
Kennedys are my quest...
I mentioned this in another thread a while ago - I think people are just bailing on ebay because it has become such a PITA.
I get them messaging regularly that my sales privileges have been suspended because I haven't given them direct access to to a bank account, i.e., not PayPal...
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck, airplanenut
I follow around 15, but only 3 actively list new material. The others seem to have gone ‘poof’.
Dave
My guess is when they changed the payment system. That’s when I noticed the sellers with nothing listed.
119 followed 15 no listing. I’m on eBay a lot
🎶 shout shout, let it all out 🎶
I never really followed any, however I stopped selling. I was a casual seller, not a business, but I will not play the "managed payments" game.
Great transactions with oih82w8, JasonGaming, Moose1913.
67 sellers. 15-20 closed their store. I think many are turning to Facebook or Instagram to sell.
I’ve actually sold and bought a few on both sites with zero problems.
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
My favorite dealer on EBay, the only seller I follow, lists his coins on eBay as a way to display them but you can buy them directly from him through his website without buying them through EBay. You can still purchase them on eBay, but then he adds on the eBay fees to the price. He always has lots of coins on EBay. Maybe that’s the way other dealers will go that still want to use eBay but not have to deal with all of that new stuff on everything they sell.
How are people selling coins on Facebook? I joined an online coin group on Facebook one time and got nothing but spam offers for counterfeits and people trying to sell me US coins from other countries that were basically pocket change. So I quit that group and never mention coins or click on any coin ads or posts or I start getting spammed with counterfeits again.
Mr_Spud
Some how that seems wrong I don’t want to be involved in shady anything but maybe you could pm me the name of unnamed seller so I can avoid them and still not publicly drag someone over their business model 🤓
🎶 shout shout, let it all out 🎶
No, I don’t consider him to be shady. He sells a lot of coins on eBay, it’s just that if you are a good regular customer that buys regularly from he also sells them through his site. He doesn’t really do auctions, just “buy it now”. I should have mentioned that, I don’t bid on auctions on eBay, I only look at buy it nows on dealers stores by doing key word searches no no need to follow most dealers.
It’s similar to collectors corner where I usually see the coin for the first time there, but later I end up going to their website and the coins are there too and you can purchase either way.
Mr_Spud
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It took me a very long time of being on Facebook and Instagram to find good people.
Many good dealers are on both and many groups on Facebook are good people.
You just need to start following a dealer you know and like and other good dealers follow each other.
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CoinsAreFun Toned Silver Eagle Proof Album
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Gallery Mint Museum, Ron Landis& Joe Rust, The beginnings of the Golden Dollar
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More CoinsAreFun Pictorials NGC
6 and 1 I won't do business with
I do not follow any ebay sellers. Just fed up with ebay. Cheers, RickO
Zero. I'll stop by eBay every few months if there's something cheap I need for a "filler" hole in a set. That's about it. Their business model moved away from something I was comfortable with.
I noticed this a few months ago... I was following ten sellers (over the years) but only half currently have coins for sale.
Successful BST transactions with: SilverEagles92; Ahrensdad; Smitty; GregHansen; Lablade; Mercury10c; copperflopper; whatsup; KISHU1; scrapman1077, crispy, canadanz, smallchange, robkool, Mission16, ranshdow, ibzman350, Fallguy, Collectorcoins, SurfinxHI, jwitten, Walkerguy21D, dsessom.
I don't follow anyone, but I am one of the ebay coin dealers who closed down shop on ebay this last year. I never thought the day would come.
I quit selling on ebay when managed payments came along
BST is way better if you can be patient
Zero.
I only follow 1 who is pretty consistent. I do have some saved searches. But since the tax-collecting on ebay & ancients being crazy hot now, my buying has been minimal at best.
It could be the state sales tax situation.
My 3 highest sale states had been NY, CA, FLA. There is a lot of money in these places.
With the new sales tax structure I have noticed a drop off. Plus shows starting come back. At local shows all I am fighting is table fee.
I'm curious, as analytical as you are, have you come upon a figure of how many sales you could make on ebay vrs. the cost of setting up at a show? In other words as a hypothetical figure...My sales at a show would have to exceed $10,000 to be less than the cost to sell them on ebay.
I do realize the buying side of doing a show, but that can be done without setting up. Very little seems to be coming to the show from the public from what I'm seeing.
4/0
eBay has to be dying when it comes to coin profiting. If GC would pay out faster for coins sold to sellers, they would bury ebay. I have only 3 sellers that I watch.
WS
The overwhelming majority of coins listed for sale on eBay are raw. GC doesn't sell raw coins.
So there's that...
Ebay for me, is essentially a place to look but not to buy. The prices are generally higher on Ebay than anywhere else.
I hate to say it, but eBay seems to be broken for coins.
I currently have only one coin on my watchlist and that's just barely.
Many sellers that I follow still have coins but their inventory seems light, probably Covid related.
I still carry a full inventory of over 500 certified coins. I still make regular sales.
I use eBay as a marketing / advertising platform as the amount of eyeballs you get for the price is unbeatable.
There are so many problems within the coin categories. Ebay has discouraged many, many good sellers. Ebay lets the bad sellers thrive. Ebay needs fixing.
eBay needs to fix their coin problem, or, I believe there is a real need for a new platform (company) for selling the types coins once found on Ebay.
Between many states collecting taxes from the buyers now on eBay and the high fees for the seller including PayPal fees it is a lose lose for both sides in my opinion. I do believe having a coin on eBay with a high buy it now or best offer is the best way to go to protect the seller while still getting the views!
For me, it is 7% sales tax. That can add up very quickly
Positive BST as a seller: Namvet69, Lordmarcovan, Bigjpst, Soldi, mustanggt, CoinHoader, moursund, SufinxHi, al410, JWP