Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Shop for APMEX Bullion on eBay!Vancouvers #1 Coin and Paper Money Dealer 300,000 items to help build your collection! Coin, Banknote and Medal Collectors's Online Mall Specializing in Modern Numismatics Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Join Thousands of Coin, Bullion, & Money Collectors








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

Can You Spare A Million ... Or So !

To participate in the forum you must log in or register.
Author Previous TopicReplies: 12 / Views: 1,703Next Topic  
Pillar of the Community
Domain555's Avatar
United States
1804 Posts
 Posted 05/03/2014  2:52 pm Show Profile   Bookmark this topic Add Domain555 to your friends list Get a Link to this Message Number of Subscribers
271175603013


Group buy?

This seller has only a few sales.

Ya think he gets a lower FEE rate

New Member
ccoins15's Avatar
United States
33 Posts
 Posted 05/03/2014  2:57 pm  Show Profile   Bookmark this reply Add ccoins15 to your friends list Get a Link to this Reply
Some one has posted his Indian Head cent minted on gold $2.5 before. But just remember one thing when buying this coin....FREE SHIPPING
Pillar of the Community
CoinsKelly's Avatar
United States
3453 Posts
 Posted 05/03/2014  3:59 pm  Show Profile   Bookmark this reply Add CoinsKelly to your friends list Get a Link to this Reply
Group buy - love it! I am in for $5.
Pillar of the Community
Domain555's Avatar
United States
1804 Posts
 Posted 05/03/2014  4:11 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
Coinskelly.....


Quote:
Group buy - love it! I am in for $5.


I'm down for 3 Ikes, 2 Kennedy half, and all the cents in my cookie jar. 'bout 3/4 pound of pennies.
Pillar of the Community
westcoin's Avatar
United States
9792 Posts
 Posted 05/03/2014  6:59 pm  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply
Mike Byers (Seller) is a very respected coin dealer, he deals in pretty much all high end stuff, and his errors are some of the wildest stuff out there! I've lusted after a couple of 2 cent piece errors he has had for decades now. A huge broad struck and a double stuck. He also authored the book the 100 greatest mint error coins.

I'd say he doesn't sell many coins through ebay but rather through private sales. If I was in the position to purchase one of his coins on ebay, I'd call hi up directly and do the deal where ebay wasn't involved saving us both a lot of $$$. He lists coins on ebay (as do many high end dealers, like Legend, Rare Coin Wholesalers, Steve Estes, etc.) for promotional reasons, I would think.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Pillar of the Community
Domain555's Avatar
United States
1804 Posts
 Posted 05/03/2014  10:14 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
WestCoin..........


Quote:
Mike Byers (Seller) is a very respected coin dealer, he deals in pretty much all high end stuff, and his errors are some of the wildest stuff out there! I've lusted after a couple of 2 cent piece errors he has had for decades now. A huge broad struck and a double stuck. He also authored the book the 100 greatest mint error coins.


I am sure he is a straight up and up dealer.

Love a man strong enough, smart enough, and solvent enough to HOLD a possession (a coin?) ... until he gets his price.

Then there is the other side of the coin. Pun intended.

My beloved Father said: try to avoid-refrain from buying stuff, from a much-much-much wealtheir person.

I think he was right ... in every instance ... he just really does not need my pitifully small cash.

But when you must ... gracefully plan to do a lot of sucking up, be polite ... just let him win.

Pillar of the Community
CoinCollector2012's Avatar
United States
8137 Posts
 Posted 05/04/2014  1:38 pm  Show Profile   Bookmark this reply Add CoinCollector2012 to your friends list Get a Link to this Reply
I have seen this before and I must say it is nice. it is up for promo reasons. Can you imagine buying a coin worth a million plus dollars on ebay?
Edited by CoinCollector2012
05/04/2014 1:38 pm
Pillar of the Community
968 Posts
 Posted 05/04/2014  2:22 pm  Show Profile   Bookmark this reply Add chasingtailbar to your friends list Get a Link to this Reply
ebay fees are capped at $250, making ebay a very effective place to list expensive coins. Paypal fees, on the other hand, are not capped.
Pillar of the Community
edweather's Avatar
United States
7375 Posts
 Posted 05/04/2014  3:00 pm  Show Profile   Bookmark this reply Add edweather to your friends list Get a Link to this Reply

Quote:
eBay fees are capped at $250.....


I did not know that.
Pillar of the Community
Domain555's Avatar
United States
1804 Posts
 Posted 05/04/2014  3:47 pm  Show Profile   Bookmark this reply Add Domain555 to your friends list Get a Link to this Reply
chasingbar........


Quote:
eBay fees are capped at $250, making ebay a very effective place to list expensive coins. Paypal fees, on the other hand, are not capped.


I was aware of the $250 ebay cap.

Did not know about the paypal situation.

Thanks for the info
Pillar of the Community
Jon Brand's Avatar
United States
1023 Posts
 Posted 05/04/2014  7:04 pm  Show Profile   Bookmark this reply Add Jon Brand to your friends list Get a Link to this Reply
How does the PP fee get dealt with? I assumed it was part of the ebay fee.
Pillar of the Community
westcoin's Avatar
United States
9792 Posts
 Posted 05/05/2014  03:32 am  Show Profile   Bookmark this reply Add westcoin to your friends list Get a Link to this Reply

Quote:
How does the PP fee get dealt with? I assumed it was part of the ebay fee.


2.5% to the seller usually - if I'm not mistaken.

$1,500,000 would be a lot even if they capped it or lowered the rates after a certain amount. Any large coin dealer, would probably prefer to do the deal outside of ebay anyways, and any deal in this amount would rarely be for cash, most likely bank transfer, partial trade, and a loan or finance deal taken out by the buyer. There aren't many people that can just cut a check for $1.5 million, I know a couple (one of my old coin buddies did the SS Central deal, and even then it was through a consortium of dealers.
"Buy the Book Before You Buy the Coin" - Aaron R. Feldman - "And read it" - Me 2013!
ANA Life Member #3288 in good standing since 1981, ANS, Early American Coppers Member (EAC), Colonial Coin Collectors Club member (C4), Conder Token Collector Club member (CTCC), Civil War Token Society (CWTS) member, Liberty Seated Collectors Club (LSCC) & Numismatic Bibliomania Society member (NBS), USMex, Member in good standing, 2¢ variety collector.

See my want page: http://goccf.com/t/140440
Moderator
Learn More...
SsuperDdave's Avatar
United States
23522 Posts
 Posted 05/05/2014  07:49 am  Show Profile   Bookmark this reply Add SsuperDdave to your friends list Get a Link to this Reply
Paypal's cut would be something like $37,500. A veritable drop in the bucket. Byers has had this one for a while; I found a sale offer from 2013. He's waiting for his price, and eventually he'll get it.
  Previous TopicReplies: 12 / Views: 1,703Next Topic  

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.38 seconds to rattle this change. Forums