@rodeo514 said:
I don't have any views on listings.i have 6 views on a bicentennial half dollar ,and 0 on 50 other items including mercury dimes,nickles etc..
PRICE
First class shipping for $5 isn't going to be helping much, either.
Especially for a single Lincoln. T
Ebay standard shipping is perfect for that.
Some people do filter out only "free shipping"... cuz they can't do the math and think that either I can magically ship something for free or want to donate money to the post office out of my pocket.
@rodeo514 said:
I don't have any views on listings.i have 6 views on a bicentennial half dollar ,and 0 on 50 other items including mercury dimes,nickles etc..
PRICE
First class shipping for $5 isn't going to be helping much, either.
Especially for a single Lincoln. T
Ebay standard shipping is perfect for that.
Some people do filter out only "free shipping"... cuz they can't do the math and think that either I can magically ship something for free or want to donate money to the post office out of my pocket.
@rodeo514 said:
I don't have any views on listings.i have 6 views on a bicentennial half dollar ,and 0 on 50 other items including mercury dimes,nickles etc..
I took a look at one of your listings: 1972 1C Lincoln Cent high grade Memorial RED
Aside from being listed in the Indian Cents category, the opening bid of $95.00 would seem likely to cause people to move along to another item. If I might ask, how did you come with "$95" as an opening bid?
@MasonG thank you . The price was based on other like 72s that I found on ebay same type of description and pictures
What are you doing here? Nice bands? 50$ opening bid for piece of 90% silver?
It is hard to take you serious with stuff like this?
Where are you deriving your pricing? Your grading?
When I see something like that on ebay it makes me discount anything else you have posted.
Stuff like this is why you have no sales.
@Relaxn ok I revised it to 7.00 start with 4.99 shipping.
Is this practical? With regards to the shipping if I use ebay standard I think I get tracking for proof of delivery and I think the cost to me is 3.50? Not sure ..just don't want to lose money
How can one sell a slabbed coin for 45.00 with free shipping after the fees to grade,list,etc..are they being graded in bulk?
Should I offer free shipping? Better off?
@ifthevamzarockin said:
A listing like this will ruin your credibility with many collectors and they will not view your other listings.
This coin is worth 1 cent.
@jmlanzaf said:
This circ wheat cents, even the teens aren't worth the opening bid even if you had free shipping. There is no place you could sell any of those items for a fraction of what you are trying to sell them.
You really should study SOLD listings and see what is actually selling and at what prices.
@jmlanzaf
The Sold listings categories are a joke ...they are inaccuratly described as sold .items are relisted multiple times, etc.
It's like a needle In the haystack. And then ebay wants there fee,so I will review things and try to adjust . Thanks for the tips
The sold listings are not a joke. They tell you what things actually sold for. That's the only relevant number. You can list a circ $2 1941 Merc for $50. Find me one that sold for that.
It makes no difference if they were listed multiple times. That is more about visibility and demand. You can find dozens of sales of 1941 Mercury dimes and you will note that there is a price range for each grade level.
If you don't like ebay sold listings, buy a greysheet. You'll find a far more reasonable assessment of value.
If I may ask, how did you arrive at $50 for the 1941 mercury dime?
I disagree,it is very hard to determine that sold items are in fact truly sold
Check out all the sold beanie babies for 2k and up..its a joke .. ebay wants you to think they sold so its listen in green as sold, then when you click on it ,it says relisted. Nightmare for Mr trying to sort and get accurate ideas,errors etc
@jmlanzaf said:
This circ wheat cents, even the teens aren't worth the opening bid even if you had free shipping. There is no place you could sell any of those items for a fraction of what you are trying to sell them.
You really should study SOLD listings and see what is actually selling and at what prices.
@jmlanzaf
The Sold listings categories are a joke ...they are inaccuratly described as sold .items are relisted multiple times, etc.
It's like a needle In the haystack. And then ebay wants there fee,so I will review things and try to adjust . Thanks for the tips
The sold listings are not a joke. They tell you what things actually sold for. That's the only relevant number. You can list a circ $2 1941 Merc for $50. Find me one that sold for that.
It makes no difference if they were listed multiple times. That is more about visibility and demand. You can find dozens of sales of 1941 Mercury dimes and you will note that there is a price range for each grade level.
If you don't like ebay sold listings, buy a greysheet. You'll find a far more reasonable assessment of value.
If I may ask, how did you arrive at $50 for the 1941 mercury dime?
I disagree,it is very hard to determine that sold items are in fact truly sold
Check out all the sold beanie babies for 2k and up..its a joke .. ebay wants you to think they sold so its listen in green as sold, then when you click on it ,it says relisted. Nightmare for Mr trying to sort and get accurate ideas,errors etc
You don't look at one listing. EVERY collectible dealer I know uses ebay SOLD to determine pricing. You throw out the high and low prices and look at the most common. EVERY dealer. And every eBay coin dealer does the same thing. Go read all the eBay threads on this forum.
And this objection doesn't even make sense after your response to @MasonG . You told him you determined the price by looking at what similar items were listed for on ebay. You complain that the SOLD data is misleading but the LISTED data is not. You KNOW none of those items have sold.
I don't know whether your problem is pricing or grading, but you are orders of magnitude of in your pricing. That 1941-P Mercury is $2.50 retail maximum. The 1972 Lincoln is under $1 retail. Those circ wheat cents are 10 to 15 cents retail.
This probably doesn't need saying but even with 53 cents eBay standard shipping, you can't profitably sell a $1 coin on eBay.
This probably also doesn't need saying, but you also can't charge $5 shipping for a $1 coin and have anyone look at it.
A $1 coin will sell for $1, shipping included. No one cares that it costs more than $1 in shipping and ebay fees.
@ifthevamzarockin said: "Ok I took it down. I need my hand held here! Don't all gang up on me at once!!!"
I'm not trying to beat up on you just help you.
No one is trying to beat you up here. But the first thing any coin dealer or collector needs to be able to do is grade coins. That's because the second thing, pricing coins, can only be done if you can grade them.
Look at the 1941 Merc dime listings I posted. Look at the coins and look at yours. Look at the prices and look at yours. A VF/XF 1941 Merc is $2.50 max retail. A slabbed 65FB coin is $50. The $2.50 coin will never sell for $50 and the $50 coin can (almost) never be had for $2.50. You need to be able to discern the difference.
What are you doing here? Nice bands? 50$ opening bid for piece of 90% silver?
It is hard to take you serious with stuff like this?
Where are you deriving your pricing? Your grading?
When I see something like that on ebay it makes me discount anything else you have posted.
Stuff like this is why you have no sales.
@Relaxn ok I revised it to 7.00 start with 4.99 shipping.
Is this practical? With regards to the shipping if I use ebay standard I think I get tracking for proof of delivery and I think the cost to me is 3.50? Not sure ..just don't want to lose money
How can one sell a slabbed coin for 45.00 with free shipping after the fees to grade,list,etc..are they being graded in bulk?
Should I offer free shipping? Better off?
Lower cost slabs come from one of two places. Either someone submitted and missed the grade they thought they were going to get and they ARE losing money or they were submitted by a bulk submitter who pays $10 or less per coin. Either way, there are plenty of coins that you can't make money on.
The slab doesn't automatically add $40 to the value of the coin. A $2 coin in a $40 slab is still a $2 coin. And no one cares what your eBay fees are or the cost of shipping. If it's a $2 coin, they want to pay $2. Period. All in. Shipping included.
eBay standard shipping is 53 cents for one ounce, 73 cents for two ounces. $3.50 is the package rate, that is a different service.
There are plenty of coins that you can't make money on. I just sold a COMPLETE (except for 1895 proof) set of Morgan dollars to a dealer. Wholesale. Even though I sell $200,000 in coins on eBay per year. Why? I couldn't make money on them over what the dealer would pay. I paid $100 for common date VG Carson City Dollars. The dealer paid me $105. I could have maybe gotten $125 or so on eBay. But after fees and shipping, my net is still $105. And add a $40 slab to $125 coin and you have $130 coin. LOL.
@jmlanzaf said:
A $1 coin will sell for $1, shipping included. No one cares that it costs more than $1 in shipping and ebay fees.
Or your cost. Buyers won't care how much you spent for a coin.
Oh, that's not true. They'll sometimes mock you for overpaying. LOL.
I once had someone make me a lowball offer. I responded that wholesale was $5 more than his offer and retail was $20 over his offer. His response: why would I EVER pay retail?
@jmlanzaf said:
I once had someone make me a lowball offer. I responded that wholesale was $5 more than his offer and retail was $20 over his offer. His response: why would I EVER pay retail?
These are the same guys who complain about the grades they get when they send their coins in to PCGS. Or when they don't sticker at CAC.
edited to add... There are probably a few different things you don't want to hear when somebody asks you to look at their coins- one of them is "I never pay retail."
@jmlanzaf said:
A $1 coin will sell for $1, shipping included. No one cares that it costs more than $1 in shipping and ebay fees.
Or your cost. Buyers won't care how much you spent for a coin.
Yet, there are those who stubbornly persist in trying to achieve some predetermined mark up despite the fact that that pushes the price out of the market range. See the eBay listings that have been up for literally years.
What are you doing here? Nice bands? 50$ opening bid for piece of 90% silver?
It is hard to take you serious with stuff like this?
Where are you deriving your pricing? Your grading?
When I see something like that on ebay it makes me discount anything else you have posted.
Stuff like this is why you have no sales.
@Relaxn ok I revised it to 7.00 start with 4.99 shipping.
Is this practical? With regards to the shipping if I use ebay standard I think I get tracking for proof of delivery and I think the cost to me is 3.50? Not sure ..just don't want to lose money
How can one sell a slabbed coin for 45.00 with free shipping after the fees to grade,list,etc..are they being graded in bulk?
Should I offer free shipping? Better off?
Where are you getting 7$?
What did you pay for the coin?
You have .10$ of 90% silver. That is what this mercury dime is. So if you get 20x face for the silver dime... it's value would be about 2.00$.
This 41 Merc is not one where you talk about bands because they are absent. This coin is circulated.
Do you know what nice bands mean?
I think we should slow way down.
What is your base knowledge? Do you know what the bands are on the dime?
I am not insulting I am asking.
You need to take an honest look at your business.
A) what do you really know about coins
I) REALLY KNOW? what do you enjoy with coins?
C) selling on eBay is a fee laden customer service nightmare- what CS experience do you have?
D) where did your inventory come from?
i) are you realistic about your inventory?
E) What are your goals? If making money is your only goal... consider making some real changes.
I am discussing this from a business owner. I am not trying to piss on your parade. I am inviting you to take a true and honest evaluation of your process.
No way this is worth $95 you can buy an uncirculated roll of 50 coins for $15 or less and a single for $3 or less. https://www.ebay.com/itm/325200436809
Die chips are common on Lincoln cents and might bring a couple bucks for larger ones, $390 for this one is just nuts. https://www.ebay.com/itm/325204670618
You really need to take some time to learn about what you are listing before you try to sell it.
Learn what you have and what reasonable asking prices are, before you list items for sale. It’s better not to list at all, than to list at prices that will hurt your credibility as a seller.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
What are you doing here? Nice bands? 50$ opening bid for piece of 90% silver?
It is hard to take you serious with stuff like this?
Where are you deriving your pricing? Your grading?
When I see something like that on ebay it makes me discount anything else you have posted.
Stuff like this is why you have no sales.
@Relaxn ok I revised it to 7.00 start with 4.99 shipping.
Is this practical? With regards to the shipping if I use ebay standard I think I get tracking for proof of delivery and I think the cost to me is 3.50? Not sure ..just don't want to lose money
How can one sell a slabbed coin for 45.00 with free shipping after the fees to grade,list,etc..are they being graded in bulk?
Should I offer free shipping? Better off?
Lower cost slabs come from one of two places. Either someone submitted and missed the grade they thought they were going to get and they ARE losing money or they were submitted by a bulk submitter who pays $10 or less per coin. Either way, there are plenty of coins that you can't make money on.
The slab doesn't automatically add $40 to the value of the coin. A $2 coin in a $40 slab is still a $2 coin. And no one cares what your eBay fees are or the cost of shipping. If it's a $2 coin, they want to pay $2. Period. All in. Shipping included.
eBay standard shipping is 53 cents for one ounce, 73 cents for two ounces. $3.50 is the package rate, that is a different service.
There are plenty of coins that you can't make money on. I just sold a COMPLETE (except for 1895 proof) set of Morgan dollars to a dealer. Wholesale. Even though I sell $200,000 in coins on eBay per year. Why? I couldn't make money on them over what the dealer would pay. I paid $100 for common date VG Carson City Dollars. The dealer paid me $105. I could have maybe gotten $125 or so on eBay. But after fees and shipping, my net is still $105. And add a $40 slab to $125 coin and you have $130 coin. LOL.
@Relaxn@jmlanzaf
Great education! Thanks .I Top Gun ,it was terrific. I learned more today .that was great
@Aotearoa said:
See the eBay listings that have been up for literally years.
I've got some that have been up for years. Doesn't mean they're overpriced. Sometimes, there just aren't that many people looking for a specific date/denomination from Togo.
What are you doing here? Nice bands? 50$ opening bid for piece of 90% silver?
It is hard to take you serious with stuff like this?
Where are you deriving your pricing? Your grading?
When I see something like that on ebay it makes me discount anything else you have posted.
Stuff like this is why you have no sales.
@Relaxn ok I revised it to 7.00 start with 4.99 shipping.
Is this practical? With regards to the shipping if I use ebay standard I think I get tracking for proof of delivery and I think the cost to me is 3.50? Not sure ..just don't want to lose money
How can one sell a slabbed coin for 45.00 with free shipping after the fees to grade,list,etc..are they being graded in bulk?
Should I offer free shipping? Better off?
Where are you getting 7$?
What did you pay for the coin?
You have .10$ of 90% silver. That is what this mercury dime is. So if you get 20x face for the silver dime... it's value would be about 2.00$.
This 41 Merc is not one where you talk about bands because they are absent. This coin is circulated.
Do you know what nice bands mean?
I think we should slow way down.
What is your base knowledge? Do you know what the bands are on the dime?
I am not insulting I am asking.
You need to take an honest look at your business.
A) what do you really know about coins
I) REALLY KNOW? what do you enjoy with coins?
C) selling on eBay is a fee laden customer service nightmare- what CS experience do you have?
D) where did your inventory come from?
i) are you realistic about your inventory?
E) What are your goals? If making money is your only goal... consider making some real changes.
I am discussing this from a business owner. I am not trying to piss on your parade. I am inviting you to take a true and honest evaluation of your process.
J
@Relaxn
I'm happy to fill you in,but I'd prefer in an offi line manner.Rather than the whole universe participating in the Q&A session.
If you know a way to make that happen let me know. My base knowledge is fantastic next to some and nearly nil next to others😁
What are you doing here? Nice bands? 50$ opening bid for piece of 90% silver?
It is hard to take you serious with stuff like this?
Where are you deriving your pricing? Your grading?
When I see something like that on ebay it makes me discount anything else you have posted.
Stuff like this is why you have no sales.
@Relaxn ok I revised it to 7.00 start with 4.99 shipping.
Is this practical? With regards to the shipping if I use ebay standard I think I get tracking for proof of delivery and I think the cost to me is 3.50? Not sure ..just don't want to lose money
How can one sell a slabbed coin for 45.00 with free shipping after the fees to grade,list,etc..are they being graded in bulk?
Should I offer free shipping? Better off?
Where are you getting 7$?
What did you pay for the coin?
You have .10$ of 90% silver. That is what this mercury dime is. So if you get 20x face for the silver dime... it's value would be about 2.00$.
This 41 Merc is not one where you talk about bands because they are absent. This coin is circulated.
Do you know what nice bands mean?
I think we should slow way down.
What is your base knowledge? Do you know what the bands are on the dime?
I am not insulting I am asking.
You need to take an honest look at your business.
A) what do you really know about coins
I) REALLY KNOW? what do you enjoy with coins?
C) selling on eBay is a fee laden customer service nightmare- what CS experience do you have?
D) where did your inventory come from?
i) are you realistic about your inventory?
E) What are your goals? If making money is your only goal... consider making some real changes.
I am discussing this from a business owner. I am not trying to piss on your parade. I am inviting you to take a true and honest evaluation of your process.
J
@Relaxn
I'm happy to fill you in,but I'd prefer in an offi line manner.Rather than the whole universe participating in the Q&A session.
If you know a way to make that happen let me know. My base knowledge is fantastic next to some and nearly nil next to others😁
Please think about what I was saying in a rhetorical way. The questions I am asking are what I believe you should be asking yourself.
There is a DM system here and if you want to discuss anything I am around.
@Aotearoa said:
See the eBay listings that have been up for literally years.
I've got some that have been up for years. Doesn't mean they're overpriced. Sometimes, there just aren't that many people looking for a specific date/denomination from Togo.
Agreed. My intended point was that over-priced listings get dusty, not that all dusty listings are over-priced.
Take this 72 cent as an example
Now if you're not sure how you'd compare you may want to list it for around 100 bucks and either 1. You get yelled at for overpricing.
2. It sells and you wonder if you got ripped off from not noticing the error / value
3. no one sees it and you scratch your head..
I believe this happens a lot .learn as you go.get critcized ask more questions,test and hold on to your goodies until you're ready.
Its a better chance to take than sending it off to grade .imo
One goal ithis year is to learn enough to provide a fence for my disabled grandson this year.Hes 4 has a very rare disease and non verbal autism.if I can pass some knowledge to my daughter it may make a difference for the future
I can only speak for our store. Sales were red hot for relatively common DE's 2 months ago. Now steady but a bit slower (obviously depending on price). Perhaps gold falling a couple hundred dollars/oz didn't help?
Our Inventory on E-Bay isn't getting stale since I am more than willing to cancel the listings on whatever I deem shows little interest. If I believe I've misread the market I am willing to cut the price since I work off of current market conditions rather than cost. I am much more flexible on price if I can buy coins to inventory. If not, there is no reason to sell anything. My overall inventory is where I presently am comfortable so our offerings have been dropping as of late.
@rodeo514 said:
You dont see it..btw i didn't advertisemine as ddo
No, I don't see it. Did you see the image in my previous post?
And no- you didn't advertise it as a doubled die, but you priced it at nearly $100 over it's value. You're free, of course, to do so but you shouldn't be surprised when nobody bids.
@rodeo514 said:
You dont see it..btw i didn't advertisemine as ddo
No, I don't see it. Did you see the image in my previous post?
And no- you didn't advertise it as a doubled die, but you priced it at nearly $100 over it's value. You're free, of course, to do so but you shouldn't be surprised when nobody bids.
I'm not seeing any doubling on the E.
What you might be seeing could be caused by lighting.
There are a couple of DDO's listed and you can check to see if yours matches..... it needs to be exact, not kinda close.
@rodeo514 said:
2. It sells and you wonder if you got ripped off from not noticing the error / value
I suspect this is one of the main issues. I think you are afraid of getting "ripped off".
The solution is for you to educate yourself about your own coins. By grossly overpricing them you run the risk of ripping other people off if for some reason they buy at the inflated price.
@ifthevamzarockin said:
I'm not seeing any doubling on the E.
What you might be seeing could be caused by lighting.
There are a couple of DDO's listed and you can check to see if yours matches..... it needs to be exact, not kinda close.
Here we are with some of the best people on this forum trying to help you with some GREAT advice. I hope you walk away from here with some of it cause it’s spot on.
The bitterness of "Poor Quality" is remembered long after the sweetness of low price is forgotten.
@ifthevamzarockin said:
I'm not seeing any doubling on the E.
What you might be seeing could be caused by lighting.
There are a couple of DDO's listed and you can check to see if yours matches..... it needs to be exact, not kinda close.
Each segment needs to be exact?
This is a tall task!
Not if it's genuine. Doubled dies are struck from fires that are doubled. The imprint on each coin is identical because they came from the same identical die. It would be a far taller task to strike two planchets with the same die and have them end up kinda close.
@amwldcoin said:
Is this the etsy seller invasion?
Etsy and Facebook Marketplace ; my brother is constantly sending me links for coins he sees, asking if I am interested. Every one of them is uber common cents or junk silver. He thinks they are bargains ; fortunately, he runs them past me first.
@amwldcoin said:
Is this the etsy seller invasion?
Etsy and Facebook Marketplace ; my brother is constantly sending me links for coins he sees, asking if I am interested. Every one of them is uber common cents or junk silver. He thinks they are bargains ; fortunately, he runs them past me first.
@crazyhounddog said:
Here we are with some of the best people on this forum trying to help you with some GREAT advice. I hope you walk away from here with some of it cause it’s spot on.
@ifthevamzarockin said:
I'm not seeing any doubling on the E.
What you might be seeing could be caused by lighting.
There are a couple of DDO's listed and you can check to see if yours matches..... it needs to be exact, not kinda close.
Each segment needs to be exact?
This is a tall task!
Not if it's genuine. Doubled dies are struck from fires that are doubled. The imprint on each coin is identical because they came from the same identical die. It would be a far taller task to strike two planchets with the same die and have them end up kinda close.
Great post.So it's not the coin that moves,rather the die itself ,hence multiples ..Now its deciphering truth from fiction and as @MFeld said which is what the mind wants to see..
I will say too that the coins on Vista are of different condition.some are more worn than others and its difficult to really follow along sometimes. Thanks 😊
Comments
Good to know
Dude, seriously?
https://www.ebay.com/itm/165228875863?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=NHNWCTKwSP2&sssrc=2349624&ssuid=I7BWTu72SVS&var=&widget_ver=artemis&media=COPY
And yours isn't a 66.
Here's a whole roll
https://www.ebay.com/itm/255545840656?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=8llv53_IRzi&sssrc=2349624&ssuid=I7BWTu72SVS&var=&widget_ver=artemis&media=COPY
Or two rolls
https://www.ebay.com/itm/363847934441?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=x2_fRxx5Tma&sssrc=2349624&ssuid=I7BWTu72SVS&var=&widget_ver=artemis&media=COPY
A listing like this will ruin your credibility with many collectors and they will not view your other listings.
This coin is worth 1 cent.
https://www.ebay.com/itm/325203026497
@Relaxn ok I revised it to 7.00 start with 4.99 shipping.
Is this practical? With regards to the shipping if I use ebay standard I think I get tracking for proof of delivery and I think the cost to me is 3.50? Not sure ..just don't want to lose money
How can one sell a slabbed coin for 45.00 with free shipping after the fees to grade,list,etc..are they being graded in bulk?
Should I offer free shipping? Better off?
@ifthevamzarockin
Ok I took it down. I need my hand held here! Don't all gang up on me at once!!!
I disagree,it is very hard to determine that sold items are in fact truly sold
Check out all the sold beanie babies for 2k and up..its a joke .. ebay wants you to think they sold so its listen in green as sold, then when you click on it ,it says relisted. Nightmare for Mr trying to sort and get accurate ideas,errors etc
"Ok I took it down. I need my hand held here! Don't all gang up on me at once!!!"
I'm not trying to beat up on you just help you.
You don't look at one listing. EVERY collectible dealer I know uses ebay SOLD to determine pricing. You throw out the high and low prices and look at the most common. EVERY dealer. And every eBay coin dealer does the same thing. Go read all the eBay threads on this forum.
And this objection doesn't even make sense after your response to @MasonG . You told him you determined the price by looking at what similar items were listed for on ebay. You complain that the SOLD data is misleading but the LISTED data is not. You KNOW none of those items have sold.
I don't know whether your problem is pricing or grading, but you are orders of magnitude of in your pricing. That 1941-P Mercury is $2.50 retail maximum. The 1972 Lincoln is under $1 retail. Those circ wheat cents are 10 to 15 cents retail.
This probably doesn't need saying but even with 53 cents eBay standard shipping, you can't profitably sell a $1 coin on eBay.
This probably also doesn't need saying, but you also can't charge $5 shipping for a $1 coin and have anyone look at it.
A $1 coin will sell for $1, shipping included. No one cares that it costs more than $1 in shipping and ebay fees.
No one is trying to beat you up here. But the first thing any coin dealer or collector needs to be able to do is grade coins. That's because the second thing, pricing coins, can only be done if you can grade them.
Look at the 1941 Merc dime listings I posted. Look at the coins and look at yours. Look at the prices and look at yours. A VF/XF 1941 Merc is $2.50 max retail. A slabbed 65FB coin is $50. The $2.50 coin will never sell for $50 and the $50 coin can (almost) never be had for $2.50. You need to be able to discern the difference.
Lower cost slabs come from one of two places. Either someone submitted and missed the grade they thought they were going to get and they ARE losing money or they were submitted by a bulk submitter who pays $10 or less per coin. Either way, there are plenty of coins that you can't make money on.
The slab doesn't automatically add $40 to the value of the coin. A $2 coin in a $40 slab is still a $2 coin. And no one cares what your eBay fees are or the cost of shipping. If it's a $2 coin, they want to pay $2. Period. All in. Shipping included.
eBay standard shipping is 53 cents for one ounce, 73 cents for two ounces. $3.50 is the package rate, that is a different service.
There are plenty of coins that you can't make money on. I just sold a COMPLETE (except for 1895 proof) set of Morgan dollars to a dealer. Wholesale. Even though I sell $200,000 in coins on eBay per year. Why? I couldn't make money on them over what the dealer would pay. I paid $100 for common date VG Carson City Dollars. The dealer paid me $105. I could have maybe gotten $125 or so on eBay. But after fees and shipping, my net is still $105. And add a $40 slab to $125 coin and you have $130 coin. LOL.
This is worth repeating!
LOL. It also needs to be repeated to my customers! LOL
Even using eBay standard shipping and having an eBay store, selling a $1 item
eBay fees - $0.30 fixed
eBay fees - $0.09 variable
eBay standard shipping - $0.53
envelope - $0.06
shipping label - $0.03
That's $1.01 in fees and costs for a $1 item (minimum).
I have to send that little blurb out every now and then when someone offers to pay $1 for a $2 postcard - "and I'll pay immediately!"
LOL
So, to the OP, you can charge $5 shipping. It could cost you $5 to ship. No one will pay $5 extra for you to ship to them.
Or your cost. Buyers won't care how much you spent for a coin.
Oh, that's not true. They'll sometimes mock you for overpaying. LOL.
I once had someone make me a lowball offer. I responded that wholesale was $5 more than his offer and retail was $20 over his offer. His response: why would I EVER pay retail?
These are the same guys who complain about the grades they get when they send their coins in to PCGS. Or when they don't sticker at CAC.
edited to add... There are probably a few different things you don't want to hear when somebody asks you to look at their coins- one of them is "I never pay retail."
Yet, there are those who stubbornly persist in trying to achieve some predetermined mark up despite the fact that that pushes the price out of the market range. See the eBay listings that have been up for literally years.
Smitten with DBLCs.
Where are you getting 7$?
What did you pay for the coin?
You have .10$ of 90% silver. That is what this mercury dime is. So if you get 20x face for the silver dime... it's value would be about 2.00$.
This 41 Merc is not one where you talk about bands because they are absent. This coin is circulated.
Do you know what nice bands mean?
I think we should slow way down.
What is your base knowledge? Do you know what the bands are on the dime?
I am not insulting I am asking.
You need to take an honest look at your business.
A) what do you really know about coins
what do you enjoy with coins?
I) REALLY KNOW?
C) selling on eBay is a fee laden customer service nightmare- what CS experience do you have?
D) where did your inventory come from?
i) are you realistic about your inventory?
E) What are your goals? If making money is your only goal... consider making some real changes.
I am discussing this from a business owner. I am not trying to piss on your parade. I am inviting you to take a true and honest evaluation of your process.
J
This coin appears to be clad not silver.
https://www.ebay.com/itm/325207012594
This one is just PMD and worth 1 cent.
https://www.ebay.com/itm/325203021296
No way this is worth $95 you can buy an uncirculated roll of 50 coins for $15 or less and a single for $3 or less.
https://www.ebay.com/itm/325200436809
Die chips are common on Lincoln cents and might bring a couple bucks for larger ones, $390 for this one is just nuts.
https://www.ebay.com/itm/325204670618
You really need to take some time to learn about what you are listing before you try to sell it.
Learn what you have and what reasonable asking prices are, before you list items for sale. It’s better not to list at all, than to list at prices that will hurt your credibility as a seller.
Mark Feld* of Heritage Auctions*Unless otherwise noted, my posts here represent my personal opinions.
@Relaxn @jmlanzaf
Great education! Thanks .I Top Gun ,it was terrific. I learned more today .that was great
I've got some that have been up for years. Doesn't mean they're overpriced. Sometimes, there just aren't that many people looking for a specific date/denomination from Togo.
@Relaxn
I'm happy to fill you in,but I'd prefer in an offi line manner.Rather than the whole universe participating in the Q&A session.
If you know a way to make that happen let me know. My base knowledge is fantastic next to some and nearly nil next to others😁
"Fantastic"? Dude. You've got a common 1972 cent listed for auction on eBay with a $95 opening bid.
Just sayin'.
Please think about what I was saying in a rhetorical way. The questions I am asking are what I believe you should be asking yourself.
There is a DM system here and if you want to discuss anything I am around.
Be well...
To be fair, there are people that don't know what a Kennedy half is.
Maybe they're Lincoln cent collectors? That might help round up some bids, don't you think?
Agreed. My intended point was that over-priced listings get dusty, not that all dusty listings are over-priced.
Smitten with DBLCs.
I can live with that.
Take this 72 cent as an example
Now if you're not sure how you'd compare you may want to list it for around 100 bucks and either 1. You get yelled at for overpricing.
2. It sells and you wonder if you got ripped off from not noticing the error / value
3. no one sees it and you scratch your head..
I believe this happens a lot .learn as you go.get critcized ask more questions,test and hold on to your goodies until you're ready.
Its a better chance to take than sending it off to grade .imo
One goal ithis year is to learn enough to provide a fence for my disabled grandson this year.Hes 4 has a very rare disease and non verbal autism.if I can pass some knowledge to my daughter it may make a difference for the future
https://www.ebay.com/itm/144404257642?mkcid=16&mkevt=1&mkrid=711-127632-2357-0&ssspo=1o5W095-R-G&sssrc=2349624&ssuid=AX5S58IRTkK&var=&widget_ver=artemis&media=COPY
Why? It's a doubled die. Yours is not.
@MasonG
The word trust looks doubled to me.machine doubling and DD is so tricky what makes this different .ugh!
I can only speak for our store. Sales were red hot for relatively common DE's 2 months ago. Now steady but a bit slower (obviously depending on price). Perhaps gold falling a couple hundred dollars/oz didn't help?
Our Inventory on E-Bay isn't getting stale since I am more than willing to cancel the listings on whatever I deem shows little interest. If I believe I've misread the market I am willing to cut the price since I work off of current market conditions rather than cost. I am much more flexible on price if I can buy coins to inventory. If not, there is no reason to sell anything. My overall inventory is where I presently am comfortable so our offerings have been dropping as of late.
Google "1972 Lincoln doubled die". Click "Images"
Does yours look like this? Why would you think yours is a doubled die without confirming it?
@rodeo514
I see you are listening and learning and revising your listings.
Good job!
If you have questions about your coins you can post them here for advise before you list them.
You dont see it..btw i didn't advertisemine as ddo
Thank you!
No, I don't see it. Did you see the image in my previous post?
And no- you didn't advertise it as a doubled die, but you priced it at nearly $100 over it's value. You're free, of course, to do so but you shouldn't be surprised when nobody bids.
@ifthevamzarockin
Can you brell if there is doubling here.the E like it has an extra line..hope the pics ok
I know. I'm sorry 😞
I'm not seeing any doubling on the E.
What you might be seeing could be caused by lighting.
There are a couple of DDO's listed and you can check to see if yours matches..... it needs to be exact, not kinda close.
http://www.varietyvista.com/01b LC Doubled Dies Vol 2/DDO 1982.htm
I suspect this is one of the main issues. I think you are afraid of getting "ripped off".
The solution is for you to educate yourself about your own coins. By grossly overpricing them you run the risk of ripping other people off if for some reason they buy at the inflated price.
Each segment needs to be exact?
This is a tall task!
Here we are with some of the best people on this forum trying to help you with some GREAT advice. I hope you walk away from here with some of it cause it’s spot on.
@rodeo514
Please read this thread in its entirety. It will tell you some basic knowledge regarding doubled dies. Best of luck.
https://forums.collectors.com/discussion/1074551/info-for-new-members-doubled-dies#latest
Coin Photographer.
But it's not worth $100 if it isn't.
Not if it's genuine. Doubled dies are struck from fires that are doubled. The imprint on each coin is identical because they came from the same identical die. It would be a far taller task to strike two planchets with the same die and have them end up kinda close.
Etsy and Facebook Marketplace ; my brother is constantly sending me links for coins he sees, asking if I am interested. Every one of them is uber common cents or junk silver. He thinks they are bargains ; fortunately, he runs them past me first.
The seller invasion ?
This rare and exotic 78 year old cent issue : https://www.ebay.com/sch/i.html?_from=R40&_nkw=1944&_sacat=11633&LH_TitleDesc=0&_sop=16
Every other issue I tried was the same way.
Correct
Clicking that link and seeing those listings are like nails on a chalkboard.Cant learn from ebay with that as a guide!
☆☆ I do appreciate it ☆☆
Great post.So it's not the coin that moves,rather the die itself ,hence multiples ..Now its deciphering truth from fiction and as @MFeld said which is what the mind wants to see..
I will say too that the coins on Vista are of different condition.some are more worn than others and its difficult to really follow along sometimes. Thanks 😊