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 Replies: 33 / Views: 6,042 |
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Pillar of the Community
Canada
2495 Posts |
One last comment about 'full price'. 'Full price' on ebay is anywhere between 40% and 70% of trends. Most likely about 55%. This is the reality of the market. If you're not prepared to sell for this amount, I would recommend don't even waste your time listing the coin(s). |
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Pillar of the Community
 United States
2843 Posts |
I have been selling on ebay for about 2 years. I have learned a number of good lessons. I agree that auctions that start much higher than .99 often get no bids even though the price is still below what the auction will eventually realize. That being said, there are certain coins that are "safe" to do .99 start no reserve auctions and others that are not. General rule- if you have a large target audience and an affordable coin, pretty safe. A more specific audience such as varieties, vams, foreign coin and the likes, or if most of the audience wont be able to afford the coin, like large gold coins less safe. Whatever you do- Good Luck |
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Pillar of the Community
Canada
2781 Posts |
ebay is true market value. the fees you pay are about the same as what the dealer will deduct from his final price, with the advantage of having 100s of potential customers looking at your item within a week. I've found auctions that end on Sunday evenings do far better than something that ends mid week or mid day. Good luck
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Pillar of the Community
Canada
2495 Posts |
At 50% of trends from ebay, is a whole lot better than any coin store/dealer would offer. Someone mentioned trying Kijiji. I wouldn't want all the local people knowing my business and my home address. Then you have all the haggling that goes on.....no thanks!! |
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Valued Member
United States
467 Posts |
Please let us know where you eventually put your collection up for sale, whether it be the BST or ebay. I am working on three albums, large cent, ten cents and twenty-five cents and I have a lot of holes to fill! |
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Pillar of the Community
Canada
2301 Posts |
Good luck yo both of you! I believe you will do fine as you have done your home work. MM
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Pillar of the Community
 Canada
818 Posts |
Thank you all for the great advice! All of which, I will take into consideration. THAT is what makes CCF special!
Today I got home late from work and will shoot for tomorrow to start listing coins. I plan on starting slower, more common stuff with the odd better date/key date thrown in. This will allow me time to test the market and get a feel for the amount of effort it takes to sell online.
I've also decided (despite some smart people advising not to), to start each auction at 0.99$ and see how that works out. I can change my approach if that does not work for me.
I will update the thread when I go "online".
Thank you all!
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Valued Member
Canada
343 Posts |
Thanks for posting this topic. I've just started (again) listing on ebay after having recently moved. So far I am disappointed by the lack of viewers and interest. Hoping that an auction at my local coin club will be more successful. Kijiji has also been not bad in the past but I live in a much less densely populated area now and not as many people are interested. |
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Pillar of the Community
Canada
3049 Posts |
I just felt the need to post again so that three poster's in a row would have the start of their name as "Ag"..... heheheheh carry on
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Pillar of the Community
United States
4233 Posts |
This is cynical, sarcastic, and yet, in my experience truthful, advice. If you want to get the best price for these .99 ebay auctions, have your shill bidder lined up. Yes, it's sad and disgusting. |
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Pillar of the Community
Canada
3049 Posts |
Personally I don't think I could ever do that....
If I sell something I think the min. will be the least I could let it go for... or I will have a reserve... shilling is just cheating the system IMO
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Pillar of the Community
 Canada
5394 Posts |
Yup. The old 99 cent auction fail! Start selling like that on ebay and you are sure to get crucified. To be SUCCESSFUL selling coins or any other collectible on ebay you need more than luck and wishful thinking. A business background , a large and varied inventory and deep pockets are a very good start. Here is why. First having a store whether it is bricks and mortar or online requires a solid ability to run a money making operation. Most businesses fail in the first year . You cannot sell the same old stuff as everyone else unless you are prepared to give it away. Competition of this sort results in what is called a race to the bottom. Keep your inventory varied and be prepared to adapt or die if you don't. Cash and cash flow are huge if you are to be successful. Remember , when you first start to sell on ebay the amount you are allowed to sell is minimal and you have restricted access to your funds, Also selling on ebay is awfully hard work especially until you get some systems in place . That said all the best in your endeavours. |
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Bedrock of the Community
United States
12477 Posts |
ebay is a quirky place. I have sold quite a bit on ebay but have never sold a coin (unless you count a jewelry piece made from a '43 Walker). I have never started an auction at $0.99 and I don't regret it. My main tactic is patience. If you know what your item has sold for and what is currently listed (your competition) then list yours at a little less. Don't be afraid to relist. It is a big exposure but maybe not for your specific item and it takes time for the right buyer to find it. Things that don't appeal to buyers: -An auction listing with a BIN option. That has never worked for me. -Reserve - just start the auction at the very lowest you'll take. It's more honest. -Best Offer - it's worked out sometimes, but generally people will utterly lowball you and I've had several that I accepted and they never paid. Go figure... -Bad ending time and day - I'm still trying to work this out and I'm not sure there is a formula but recently (as has been mentioned) Sunday evening ending time looks pretty good. A Monday evening ending time has worked, but most bids actually came on Sunday. -Not accepting returns - I personally look for this but I don't sell coins so it would be less relevant (i.e. doesn't fit or whatever). -Actual shipping costs - this is something I've had to put aside. I don't have a high enough volume to ignore whether the buyer is in the next state over vs. Hawaii. I try to get as close as possible but I lose a little on shipping more often than I gain. Only for guaranteed low-cost shipping and high-priced items do I offer free shipping. That's all I can think of right now. I hope maybe some part of this is helpful. 
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
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Bedrock of the Community
Canada
10743 Posts |
List a few on CCF BST forum and, see what happens.  |
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Pillar of the Community
Canada
1984 Posts |
Totally agree with Spruett001 on the relists. To be blunt, I find that, sooner or later someone will buy almost any piece of numismatic garbage that I put up for sale with a BIN at $1 or $2. Sometimes it happens on the first listing, sometimes it takes a year. But sooner or later it all seems to go. I find it is kind of like a garage sale....I never cease to be amazed at what garbage people will buy. So as long as you are very efficient with your photgraphy, listing and shipping you can actually get rid of a lot of crap this way. A couple of other key notes. The new listing engine on ebay.ca is WAY better than the listing engine on ebay.com. If you are doing a lot of listings, ebay.ca is a lot faster (for example you can pull in multiple photos with one drag, you can work on your listing however you want while your photos are uploading). If you are selling a lot, you may want to consider an ebay store, which gets you essentially all the free listings you will likely need plus it cuts the ebay selling fee significantly. You need to sell enough to cover the monthly fee though. |
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Posted 01/16/2017 09:18 am
