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 Replies: 26 / Views: 3,907 |
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Valued Member
United States
315 Posts |
I want to sell some stuff, but all the fees confuse me. I don't know how much to ask for. What do you guys do? Is there a rule f thumb you could pass along?
Thanks in advance.
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Bedrock of the Community
United States
20753 Posts |
Easier to just stick around here and sell them here.
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Pillar of the Community
United States
5825 Posts |
In terms of fees use little or no extras.
The only thing I use besides just listing a coin is a scheduled start time (10¢).
As for fees is doesn't matter whether you use Free shipping and add the S&H into your starting bid
OR
Start your coin at the minimum you will accept and add S&H as extra.
Whatever you do don't start your items below the minimum you'll accept.
And have large, in focus, quality pictures.
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Valued Member
United States
211 Posts |
Good photos and honest descriptions go a long ways towards getting good money and customer happiness.
Yes. Set a specific start time so that you know the auction will end at a good time. The evenings on weekends seem to be the best time to list/end coin auctions.
I get very good results when I list coins starting at 99 cents AND the coin is an in-demand coin. In those cases it will will always hit its market value (sometimes more, sometimes less) and sell. If the coin is low value or not in high demand, it won't always hit its market value and you will probably want to set a starting bid at the minimum you will accept.
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Pillar of the Community
United States
7840 Posts |
 The advice above is good, it just depends on what you are selling. Like just carl said; list them here...no fees!  I start (the bigger majority of) my ebay items with trend value using "Buy It Now" and use the "Best Offer" option. It's 33/33/34 when it comes to these types of sales; 1/3 sell for the Buy It Now, 1/3 sell for a negotiated price with Best Offer and the remainder do not sell (initially). Something that I have learned is that you will not have complete success. The buyers will determine what the items are worth. Sometimes you get a less than desirable amount, and there will be an exception where it sells for more than you anticipated. ebay will take 10% for fees. Paypal will take another 3% from the original sale price. Edited by oih82w8
10/14/2013 11:21 am
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Pillar of the Community
United States
863 Posts |
start with selling a few smaller items. ones where you can not lose too much money on. and ones where you can get your ratings up. it will help you sell your better items.
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Bedrock of the Community
Canada
11922 Posts |
My ebay strategy... stay away from it. |
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Pillar of the Community
United States
8137 Posts |
My ebay strategy... stay away from it.  I to have had bad memories selling on ebay. All I do now is buy and look at how overpriced some of the stuff is Edited by CoinCollector2012
10/14/2013 3:50 pm
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Valued Member
 United States
315 Posts |
I was thinking like do you usually ask for 10% over your cost to cover fees?
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Pillar of the Community
United States
1037 Posts |
Remember you'll pay about 15% in ebay and Paypal fees when the sale concludes. I think their fees are to high. |
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Pillar of the Community
 United States
4588 Posts |
And yet everybody else charges more... Auction houses have 18% buyer's fees, retail offers 50% of 'value' (maybe)... for all it's flaws, ebay is a low friction marketplace. -----Burton 50+ year / Life / Emeritus ANA member (joined 12/1/1973) Life member: Numismatics International, CONECA Member: TNA, FtWCC, NETCC, EveryCountry (online) coin club Owned by three cats and a wife of 40+ years (joined 1983) Author: 3rd Edition of the Sample Slabs book, https://www.sampleslabs.info/ |
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Moderator
 United States
187702 Posts |
Quote: My ebay strategy... stay away from it. Nice. I have yet to buy a coin on ebay. However, I do look... a lot. |
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Bedrock of the Community
United States
19931 Posts |
Quote:
I have yet to buy a coin on eBay Good choice! LOL However, you can snag some really good deals. I haven't bought much but I sold a good bit and basically got screwed every time. I've probably lost well over $1000 over the years compared to what I paid. Obviously, I really hate selling on ebay but when you have to unload stuff it's a sure sale that helps me keep my desk clean. Lincoln Cent Lover!VERDI-CARE™ INVENTOR https://verdi.care/
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Valued Member
United States
315 Posts |
Yeah, the more research I'm doing, the more I'm thinking it's a great place to buy. I found a couple of reliable sellers who always put up junk gold/silver at low starting prices and no reserve.
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Pillar of the Community
United States
1217 Posts |
You need to lowball bids on a lot of items and maybe you win one. There's plenty of items out there, so be patient and bid on a ton and win the few that have lower prices
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Pillar of the Community
United States
1373 Posts |
I've personally bought the majority of my coins off of ebay. The rest I either got from pocket change (the cheapest way to get coins) or from local coin shows. I collect (not a seller) modern coins so I haven't had too much trouble with any transactions, but the more rarer the coin the greater chance there is to get 'enhanced' coins or, worst of all, ...fakes. As a buyer, one needs to really do their homework before buying/bidding. As for strategy, I prefer sniping when I am able to. The least amount of time someone else has to try to trump your bid the better. Beforehand I determine what I think the coin is worth, and after subtracting the listed shipping cost (if any) I submit that amount (or a little less) and then cross my fingers. I've learned bidding early and then getting into a bidding war can be costly. I don't normally mind losing an auction because there's always going to be another coin listed to try again. |
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Replies: 26 / Views: 3,907 |
Posted 10/14/2013 09:12 am
