How are your eBay coin sales doing?

291fifth · August 28, 2006 5:29AM

Any market trends evident?

p8nt · August 28, 2006 5:32AM

I stopped selling on Ebay right around the time that summer started because the prices were terrible! I might consider going back if we see evidence of them being better..

robertpr · August 28, 2006 5:34AM

<< I stopped selling on Ebay right around the time that summer started because the prices were terrible! I might consider going back if we see evidence of them being better.. >>

I didn't know eBay coin prices were ever better than "terrible". Unless I'm bidding, of course.

ABC123 · August 28, 2006 5:42AM

Quality always sells---Sotherby's

jdimmick · August 28, 2006 5:50AM

It depends on what is being sold. Here's my take as I sell rather frequently

A few weeks ago, I recieved back a nice selection of early type coins from PCGS including some 1855 half cents, three cents LC and early Draped half. They did very well on e-bay ! However, the Morgans did not, but I expected that. Recently, I had some nice problem free coins listed with no reserve but raw, and took a bath on them. It appears to be that many segments of the e-bay market are showing signs of real weakness, but specific earlier type are not. I have not been able to find too many keys at a good enough price to sell on e-bay lately, but the ones I have, sold for about typical, nothing great. The one trend that has developed on e-bay is that many folks are not buying raw coins, even if nice for fear they are being taken, or screwed. (with good reason), however, it hurts a seller like myself, becuase I have to pass on lots of nice coins, becuase there is no money left for me to buy them and leave room for TPG costs and associated e-bay costs. It looks like I will have to curtail this selectivity even more.

jim

Russ · August 28, 2006 5:52AM

I just blew away my all time record month, beating the old record by 50%. Sales have been very strong.

Russ, NCNE

291fifth · August 28, 2006 5:53AM

<< It depends on what is being sold. Here's my take as I sell rather frequently

A few weeks ago, I recieved back a nice selection of early type coins from PCGS including some 1855 half cents, three cents LC and early Draped half. They did very well on e-bay ! However, the Morgans did not, but I expected that. Recently, I had some nice problem free coins listed with no reserve but raw, and took a bath on them. It appears to be that many segments of the e-bay market are showing signs of real weakness, but specific earlier type are not. I have not been able to find too many keys at a good enough price to sell on e-bay lately, but the ones I have, sold for about typical, nothing great. The one trend that has developed on e-bay is that many folks are not buying raw coins, even if nice for fear they are being taken, or screwed. (with good reason), however, it hurts a seller like myself, becuase I have to pass on lots of nice coins, becuase there is no money left for me to buy them and leave room for TPG costs and associated e-bay costs. It looks like I will have to curtail this selectivity even more.

jim >>

Interesting comments regarding the raw coins. It looks like the scammer factor is really affecting the realizations.

jmj3esq · August 28, 2006 6:00AM

I sold two PCGS slabbed coins on ebay last week. I got less than expected on both of them.

dingodog · August 28, 2006 6:06AM

Hi,
Hope you don't mind this message. I see your are a member of the CUFYNA. Can you tell me whom I can contact to offer free coin collecting software to the YNA associations? I had donated quite a few to one of the guys working with the YNA of the ANA but have lost touch with him. Our software (NumisEXPERT) provides prices, identifies errors and varieties and a lot of other things. Pls email if you have the time: Thanks! Janemail address
Jan

p8nt · August 28, 2006 6:12AM

Hi Jan, I sent you a Private Message.

onlyroosies · August 28, 2006 6:20AM

I'll start up again after Long Beach.... I took most of August off and it sure was nice.

MadMarty · August 28, 2006 6:21AM

IT's been strange, things that should go strong haven't. But other stuff is going strong. The next week it's different again.

jdimmick · August 28, 2006 6:28AM

Basically what it will means for me is that I will only be able to purchase rips! . (read it any way youd like)

I will no longer be able to pay those fair prices for items that I plan on re- selling on e-bay!

Dave99B · August 28, 2006 6:39AM

Common material and junk is slow; better material is very strong.

Garbage in, garbage out?

Dave

Coinhog · August 28, 2006 7:07AM

I just sold a few Marine comemoratives and Franklin comms as well as the Marine Coin and stamp set. I didn't get above $48.00 for any of them. I did make the mistake of miscalculating the PDT time the wrong way and they ended at 1:00 am. That may have been a factor.

96eagle · August 28, 2006 7:08AM

It seems after insertion fee's, final value fee's, Paypal fee's, packaging, and hitting the Post Office, there isn't much left over. I guees if I obtained my coins for free, I would profit handsomly. Sometimes I wonder what the hell I'm doing. I'm curious what Feebay nets in a month. I bet it's more than I'd make in 100 life times. One way to save is to host your pics, and use their one free pic option. I imagine they will eventually prevent the seller from hosting, and force you to pay for extra pics. Who is making $75k annually on Feebay?? Tell us your secret.

ILikeMercs · August 28, 2006 7:11AM

silver buffs I did great on (people wanna match their gold up) and flag quarters for 99 I made a killing recently.

96eagle · August 28, 2006 7:11AM

messydesk · August 28, 2006 7:30AM

<< The one trend that has developed on e-bay is that many folks are not buying raw coins, even if nice for fear they are being taken, or screwed. (with good reason), however, it hurts a seller like myself, becuase I have to pass on lots of nice coins, becuase there is no money left for me to buy them and leave room for TPG costs and associated e-bay costs. It looks like I will have to curtail this selectivity even more.

jim >>

I'm in your boat as well. I see little benefit in spending $15 in cetification fees so that I can get $30 for a coin instead of $15. The standing assumption seems to be that if you're selling a raw $30 coin with a good picture that is obviously BU, it must really be a doctored AG coin, otherwise it would be slabbed. I will probably go to a fixed price list that I maintain on the web and be more selective with the eBay offerings.

lkenefic · August 28, 2006 7:51AM

Most of the last stuff I sold I didn't even get near FMV for...the only stuff that did well was my early copper pieces and even here I didn't sell anything for huge money. I've stepped way back on selling coins on ebay. I think I'll go to the BST Forum first rather than put up with the headaches of selling on ebay.

Leo

HTubbs · August 28, 2006 7:55AM

<< I just blew away my all time record month, beating the old record by 50%. Sales have been very strong.

Russ, NCNE >>

Same here

Djord · August 28, 2006 7:56AM

Terrible here to. Took a bath on one to many, and now refuse to give them away anymore.

topstuf · August 28, 2006 8:01AM

<< I just blew away my all time record month, beating the old record by 50%. Sales have been very strong. >>

Well guess who DID send for that computer guy's late nite pitch on a free "How To Sell On Ebay" DVD?

RBinTex · August 28, 2006 8:02AM

Love all the sellers that take the summer off

mrearlygold · August 28, 2006 8:43AM

It's been a little slow.........why don't you buy something?

100proof1957 · August 28, 2006 8:58AM

Hey Russ

dats cause i sent ya all my Modern Crap ™ !

BigD5 · August 28, 2006 9:42AM

<< It depends on what is being sold. Here's my take as I sell rather frequently

A few weeks ago, I recieved back a nice selection of early type coins from PCGS including some 1855 half cents, three cents LC and early Draped half. They did very well on e-bay ! However, the Morgans did not, but I expected that. Recently, I had some nice problem free coins listed with no reserve but raw, and took a bath on them. It appears to be that many segments of the e-bay market are showing signs of real weakness, but specific earlier type are not. I have not been able to find too many keys at a good enough price to sell on e-bay lately, but the ones I have, sold for about typical, nothing great. The one trend that has developed on e-bay is that many folks are not buying raw coins, even if nice for fear they are being taken, or screwed. (with good reason), however, it hurts a seller like myself, becuase I have to pass on lots of nice coins, becuase there is no money left for me to buy them and leave room for TPG costs and associated e-bay costs. It looks like I will have to curtail this selectivity even more.

jim >>

I've found almost the same thing. I'm just about done with Ebay as an outlet for most items, and will be listing only items that seem to do better there than at the shows.

I tried .99 starts for a few months on 40+ items, and even the cheapest wholesale buyers at the shows are usually paying more than the net realized through Ebay after the fees (listing, final value and paypal), for what I usually list.

It wasn't always like this, and I do believe bidders are not as aggressive on Ebay as they used to be.

With a strong market, it's surprising in a way, but the strength seems to be at the shows. Again, for me and with the type I sell.

2manycoins2fewfunds · August 28, 2006 3:44PM

With 6000+ sales(5,500+ feedback with 3 total negatives...all in last year on items totaling $35.00!!) this is one of the few topics I can address with some confidence............

Quality of bidders is declining. The rookies now are just that. Totally naive. Demanding and quick to complain about everything. Definately the 0-10 feedback bidders are worse than I've ever seen.

I shut down my auctions for summer and will restart after labor day. Too many other thing going on in summer both for me and bidders. Long days and warm weather gives people less time and inclination to sit inside and play with computer.

All just my humble opinion...........

ccex · August 28, 2006 4:41PM

The nature of the eBay market was best explained to me by a friend who sells antique radios there. "If I listed the same auction for a stack of 20 new $5 bills each week, with free shipping, they might sell for $47 one week and $127 the next."

How are your eBay coin sales doing?

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