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My First E-Bay Listing

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SilverTracker's Avatar
United States
589 Posts
 Posted 09/12/2013  1:48 pm Show Profile   Bookmark this topic Add SilverTracker to your friends list Get a Link to this Message Number of Subscribers
Hi All,

Well I am about to do my first E-bay listing as a "buy it now".

I am selling 11 junk silver Mercury dimes for $ 25.00 with free shipping. I wanted to get your opinions / advice on this listing before I do it.

Thank you
John

*** Moved by Staff to a more appropriate forum. ***
Pillar of the Community
oih82w8's Avatar
United States
7840 Posts
 Posted 09/12/2013  2:20 pm  Show Profile   Bookmark this reply Add oih82w8 to your friends list Get a Link to this Reply
Your price seems attractive enough, melt for 11 90% dimes is $17.56 (Each Mercury dime contains 0.0723 troy ounces of silver and is valued at $1.60 when silver is at $22.07 / ounce.) (generic online silver calculator)

You also need to take into consideration ebay fees (10%), PayPal fees (3% of the original sell price) and your overhead (packaging materials, postage and your time).

"If you're planning to buy/sell 11 Mercury dime(s) when silver is priced at $22.07 / ounce, the final total may fall between $16.68 - $18.44 on eBay."


We learn by doing.
Edited by oih82w8
09/12/2013 2:28 pm
Valued Member
Bababooey's Avatar
United States
374 Posts
 Posted 09/12/2013  4:41 pm  Show Profile   Bookmark this reply Add Bababooey to your friends list Get a Link to this Reply
The other option is to do it as an auction a start the price slightly lower (but above melt). People like to bid these things up, but I guess it depends how junky they are.
Valued Member
morgandude's Avatar
United States
380 Posts
 Posted 09/12/2013  4:59 pm  Show Profile   Bookmark this reply Add morgandude to your friends list Get a Link to this Reply
I personally would put in the lowest price you can go, and let it get bid up.
Valued Member
schris252's Avatar
United States
368 Posts
 Posted 09/12/2013  8:20 pm  Show Profile   Bookmark this reply Add schris252 to your friends list Get a Link to this Reply
if you do a BIN,it will be a larger fee than if you start the bid off at $25.00 7-day NR auction
Valued Member
morgandude's Avatar
United States
380 Posts
 Posted 09/12/2013  8:25 pm  Show Profile   Bookmark this reply Add morgandude to your friends list Get a Link to this Reply
Schris252-

ebay changed their fee structure, It is 10% across the board if you do not have a store.
Valued Member
schris252's Avatar
United States
368 Posts
 Posted 09/12/2013  8:28 pm  Show Profile   Bookmark this reply Add schris252 to your friends list Get a Link to this Reply
oh,ok. I guess it's been a while
Pillar of the Community
United States
5212 Posts
 Posted 09/12/2013  10:36 pm  Show Profile   Bookmark this reply Add jack jeckel to your friends list Get a Link to this Reply
I don't like the new ebay structure.

In the past if an item was overpriced and the seller had to pay $1 to list it the next time around the seller would relist at a lower price.

Now sellers can list a $5 item for $500 week after week after week and clog up the search for legit examples.

Prime example (and supposed PNG member)

http://www.ebay.com/itm/1893-Columb...em2a26c4bd7e

http://www.ebay.com/itm/1893-Columb..._2188wt_1161

I've been sitting on these 2 auctions waiting for the right thread to post them in for the LAST 3 MONTHS which proves my point.
Valued Member
gweidion's Avatar
Australia
134 Posts
 Posted 09/12/2013  10:42 pm  Show Profile   Bookmark this reply Add gweidion to your friends list Get a Link to this Reply
I was talking to a friend in the UK recently who said ebay.uk has changed their fees so postage now also gets included in the 10% fee.
Has that happened in the US yet?
I'm pretty sure it hasn't happened in Australia.
Pillar of the Community
United States
1590 Posts
 Posted 09/12/2013  10:59 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
Yep postage is considered "profit" and is "taxed". That includes ebay and paypal fees. Right now with silver dropping I would probably do a bin. You get less traffic but you just might get your price. On the other hand I have seen a large number of 99 cent auctions this month.
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