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Replies: 12 / Views: 2,536 |
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New Member
United States
3 Posts |
Hello all. I'm getting back into the hobby. Haven't done any collecting since I was a kid! I'm somewhat of an investor (in stocks and the like) and want to diversify with a bit of bullion. Having collector's value on top is a nice bonus, not to mention I love some of the coins out there, even some of the private mint releases in recent years. Anyhow, the last time I sold on ebay I recall paying something to the tune of 10% plus whatever paypal charges, I believe 3%. So 13% on that item. As an individual selling random goods 13% is what it is. As an investor 13% is a huge loss. I realize one has to take into account the gains you get via ebay exposure but still....does anyone else think ~13% is grossly excessive for non-professional sellers with low volume?
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Pillar of the Community
United States
7375 Posts |
 Imo, it's not grossly excessive. Like you said, selling random stuff, it is what it is, and it's kinda all profit anyway, but if I plan on buying and flipping coins, yeah, the 13%, puts a crimp in it. I consider myself a low volume seller also, and ebay offered me a "store" deal for 4 months, and I took it. The ebay store fees for coins is 6%, which helps.
Edited by edweather 03/03/2016 12:47 am
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Pillar of the Community
United States
1191 Posts |
 with OP. If you are trying to sell things that would reach the double digits, the fees could get expensive. Isn't the fees the main reason why some ebay listing so overpriced?
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Pillar of the Community
 United States
2843 Posts |
Also don't forget that top rated sellers get a 20% discount in their fees. So for coins you would only be paying 4.8% to ebay. Much more tolerable than the 10% figure.
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Bedrock of the Community
United States
10982 Posts |
 I'd look at it this way. If 13% is too big a burden for you to bear then do not use ebay. There are other venues for selling items. I do feel the 10% final value fee for non-store owners is a bit high but not out of line. Your comment about 13% being a huge loss for an investor is interesting. I try to avoid the investor moniker when it comes to coins. Most of the time anyway!
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Moderator
 United States
54283 Posts |
Quote:Also don't forget that top rated sellers get a 20% discount in their fees. So for coins you would only be paying 4.8% to ebay. Could you explain your math on this one?
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Pillar of the Community
United States
7390 Posts |
Quote: Could you explain your math on this one? 20% off of the 10% ebay fee. (The other 3% is the pp fee and isn't discounted) So say you sell an item for $100. Well ebay gets $10 (10%) now take 20% off of that $10 which is $2 so your fee now is only $8 being brought down to 8% by being a top rated seller That's the simple math for an example, his 4.8% is based off of a 6% ebay store fee rather than 10% without a store account. 6% of $100 is $6 and 20% off of $6 is $1.20 so that's where his $4.80 (4.8%) came from 
Edited by Cascade 03/03/2016 08:10 am
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Moderator
 United States
54283 Posts |
You didn't mention "store" in your original statement.
Stores carry a monthly burden (cost) of from $15.95 to $199.95 per month.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here)
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Pillar of the Community
United States
1211 Posts |
Lol, try determining your overhead costs for selling anywhere else and then compare that to the existing platform and exposure that you get with ebay. Good luck!
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Rest in Peace
United States
17900 Posts |
I agree with JeerseyBen.
If you had a coin store, that maybe sold other things too, just to stay open, 13% overhead would be a dream.
If you use your own web site you can hope someone finds you, or pay for a fee to advance you in searches. No real way of telling how well that "advertisement" helps in most cases.
You can do Craig's list, which is really free, and hope you are not mugged in the parking lot.
You can sell to a dealer, and even a great coin is not going to earn you much over 75% of the resale value, if you are lucky, the dealer loves you, and he is your father-in-law.
Buying at retail to sell at retail is never going to do anyone any good.
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Pillar of the Community
United States
7375 Posts |
The store deal ebay offered me was like $8.95 per month. Not too bad. Like was mentioned above, where else are you allowed to keep 87% of the money you bring in?
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New Member
 United States
3 Posts |
I suppose I hear what you guys are saying. Most of the coin I buy is a true long term hedge against inflation or the market and only a small part of my portfolio, and thus generally would not get sold or traded. In short I'm not on ebay enough to qualify for the top rated seller bit, I don't think so at any rate. I just seem to recall in the not so distant past ebay charging a fee up to about $200...lets say 8%...and then something like 4% on all monies after that. So on a $1000 item under the old schema you'd be putting down about $80 in fees including PayPal's take, and they were still raking it in. It'd work out to 7.8% which I could take just fine given the exposure, etc. Heck I've lived in places with a 9.5% sales tax and I could take that too, especially knowing the money was going to fix the roads or educate the kids or whatever. I'd like to say their profit goes to the ebay shareholders and in that case I'd just buy ebay stock and take my piece of the bounty but it's a terribly run company and the stock reflects that. In my opinion they've slowly raised fees over the years and will continue to do so until someone creates a viable alternative or the whole thing implodes. But I digress. All this is coming from someone who's not a seller but rather looks at ebay as a vehicle for liquidity (ie a potential marketplace). When gazing through that lens their fees are a bit much. ebay more or less has a monopoly and they know it. That house of cards isn't long for the world, methinks.
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Pillar of the Community
 United States
2843 Posts |
Thank you Cascade for "defending" me. You are 100% correct. I forgot to mention ebay store membership.
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Replies: 12 / Views: 2,536 |
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