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 Replies: 8 / Views: 2,448 |
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New Member
United States
18 Posts |
What is the best place to sell coins as a beginner? I was going to list a bunch on ebay, but I realized I'm limited to 5 listings or $500 max per month until I establish a good rating. I've had an ebay account for a long time, but have never sold anything. I realize people may be hesitant to but from me since I have no feedback, so I have to get my foot in the door. I have a large amount of coins I would like to try to sell overtime ranging from cheap proof sets to expensive graded gold coins. |
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Rest in Peace
United States
18456 Posts |
Just go ahead and get your foot in the door . It's probably your best bet if you have many coins . BTW ,  To CCF . |
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Pillar of the Community
United States
7375 Posts |
Also ebay is pretty flexible when it comes to increasing the amount you can sell. Just give them a call, and tell them what you have and see what they can do for you. |
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Pillar of the Community
United States
1590 Posts |
I agree, ebay is your best bet. Just start selling, one day you'll turn around discover that your a coin dealer. Good Luck! |
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Bedrock of the Community
Australia
21788 Posts |
ebay best for items up to $100 per item or lot.
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Pillar of the Community
United States
992 Posts |
Jump right in with good photos and five listings of your choice. You'll get an increase in your allowed quantities the second month, and so on, if you don't want to request additional right off. Personally, I'd use your first month to develop your description skills, photo uploads, and closing the sales, then go for additional listings. Let the money pile up in your PayPal account for a while, build up a good reserve for refunds, if any, that kind of thing, then start moving funds to your bank now and then. You pay your ebay fees each month with your PayPal account, the PayPal fees come directly from your buyer payments. Put a coin or two in a mailer, with a piece of paper representing a receipt, and weigh it. You'll need to figure postage correctly. $3 is not too much for postage. Use the ebay postal label system and everything is tracked. All you need to do is take your postpaid mailers to the post office and hand them across the counter, no waiting. Be sure to track everything you mail out. No exceptions. Buyers like to see where there stuff is at, and sellers need to know it's delivered, no shenanigans. Edited by paxbrit
09/04/2016 11:30 pm
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New Member
 United States
18 Posts |
So far I've listed 2 proof sets for about $34 each based on the others that are selling and one other higher priced set for $92, but that's probably too high of an item for a seller with no feedback. I worry no one will want to buy from me for that reason. I've just listed them as fixed prices rather than an auction. Is that okay?
I read on another post not to charge for shipping, so I adjusted my prices accordingly. Is it better to charge shipping or not?
Do I need to provide much of a description? I've been posting about 7-8 photos per set, but not too much of a description. I don't really know what to write other than the set name and number of coins included. This was my dad's passion, but he passed away many years ago and I don't know much about coins which is making this very challenging.
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New Member
United States
18 Posts |
Oh and I forgot to say thank you everyone for the help. I greatly appreciate it.
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New Member
United States
18 Posts |
Sorry, one more question. Can you explain what the ebay fees and PayPal fees are that you referred to? I read ebay charges a 10% fee on the sale. Do they issue the whole amount and then take the fee from my PayPal account? I know when I have sold things on Amazon they just deduct the fee before issuing the money. Is the PayPal fee the goods and services fee they charge? So I should take that into consideration too, I suppose? |
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Replies: 8 / Views: 2,448 |
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Posted 09/04/2016 10:03 pm
