I sold several of the First Spouse gold coins on ebay last August and September. I listed them with a BIN and sold them for between $685 and $825 each. The combined totals for ebay insertion fees, ebay final value fees and PayPal fees was 6.82%. That is a far cry from the claimed 20% in the opening post.
Once again, we're comparing apples and oranges. Of course the fee % will be lower on an $800 item than on an $8.
I wonder what the advantage would be for Ebay to eliminate sellers of lower cost items. At a B&M you could make the case that the same amount of time is spent purchasing, stocking, and selling the $8 vs $800 item, so it makes sense to focus on the more profitable coin. But Ebay doesn't really spend any labor on a listing, do they? IT people, infrastructure, etc. are all fixed costs. If anything, it would make sense to maximize listings to cover overhead. And the more offerings, the better for the buyers. Is it just about the "image"? Because I don't know how to break it to them, but Ebay is never going to be a "Stack's".
Your experience is pretty typical. Most mint issue stuff doesn't do very well on eBay. For that type of material, eBay is best used for liquidation when there is no dealer nearby who's paying decent money for it.
<< <i>I sold several of the First Spouse gold coins on ebay last August and September. I listed them with a BIN and sold them for between $685 and $825 each. The combined totals for ebay insertion fees, ebay final value fees and PayPal fees was 6.82%. That is a far cry from the claimed 20% in the opening post.
Once again, we're comparing apples and oranges. Of course the fee % will be lower on an $800 item than on an $8.
I wonder what the advantage would be for Ebay to eliminate sellers of lower cost items. At a B&M you could make the case that the same amount of time is spent purchasing, stocking, and selling the $8 vs $800 item, so it makes sense to focus on the more profitable coin. But Ebay doesn't really spend any labor on a listing, do they? IT people, infrastructure, etc. are all fixed costs. If anything, it would make sense to maximize listings to cover overhead. And the more offerings, the better for the buyers. Is it just about the "image"? Because I don't know how to break it to them, but Ebay is never going to be a "Stack's". >>
Perhaps, but the OP claims the following- "eBay itself is already scarring off its customers, they own paypal now so together they roughly charge 20 percent of all sales." I put in bold of all sales since that encompasses all sales regardless of size.
Comments
Once again, we're comparing apples and oranges. Of course the fee % will be lower on an $800 item than on an $8.
I wonder what the advantage would be for Ebay to eliminate sellers of lower cost items. At a B&M you could make the case that the same amount of time is spent purchasing, stocking, and selling the $8 vs $800 item, so it makes sense to focus on the more profitable coin. But Ebay doesn't really spend any labor on a listing, do they? IT people, infrastructure, etc. are all fixed costs. If anything, it would make sense to maximize listings to cover overhead. And the more offerings, the better for the buyers. Is it just about the "image"? Because I don't know how to break it to them, but Ebay is never going to be a "Stack's".
Your experience is pretty typical. Most mint issue stuff doesn't do very well on eBay. For that type of material, eBay is best used for liquidation when there is no dealer nearby who's paying decent money for it.
Russ, NCNE
Tough to disagree.
<< <i>I sold several of the First Spouse gold coins on ebay last August and September. I listed them with a BIN and sold them for between $685 and $825 each. The combined totals for ebay insertion fees, ebay final value fees and PayPal fees was 6.82%. That is a far cry from the claimed 20% in the opening post.
Once again, we're comparing apples and oranges. Of course the fee % will be lower on an $800 item than on an $8.
I wonder what the advantage would be for Ebay to eliminate sellers of lower cost items. At a B&M you could make the case that the same amount of time is spent purchasing, stocking, and selling the $8 vs $800 item, so it makes sense to focus on the more profitable coin. But Ebay doesn't really spend any labor on a listing, do they? IT people, infrastructure, etc. are all fixed costs. If anything, it would make sense to maximize listings to cover overhead. And the more offerings, the better for the buyers. Is it just about the "image"? Because I don't know how to break it to them, but Ebay is never going to be a "Stack's". >>
Perhaps, but the OP claims the following-
"eBay itself is already scarring off its customers, they own paypal now so together they roughly charge 20 percent of all sales."
I put in bold of all sales since that encompasses all sales regardless of size.
In honor of the memory of Cpl. Michael E. Thompson