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 Replies: 18 / Views: 5,509 |
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Valued Member
United States
134 Posts |
I see that some people sell a lot of coins on ebay, but I've been told it's a difficult thing to do. |
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Pillar of the Community
Canada
5417 Posts |
Quote:I see that some people sell a lot of coins on ebay, but I've been told it's a difficult thing to do. Is there a question here, or.....? Edited by zxcccxz
05/31/2015 7:06 pm
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Valued Member
 United States
134 Posts |
The question is: Is that so? (Are customers difficult?)
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Pillar of the Community
United States
946 Posts |
To make a profit yes. Figure your going to lose 15% of whatever the final price is for fees/shipping etc. Unless you get the stuff handed down to you or some other way of acquiring coins at no cost then yea you'll make $$ because it didn't cost you anything to begin with.
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Valued Member
United States
134 Posts |
I've heard that some customers will give you a hard time.
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Pillar of the Community
United States
946 Posts |
If you list everything truthfully and have pretty detailed pictures.. The more the better. You should be alright
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Pillar of the Community
United States
2373 Posts |
To mail anything under 3 ounces with tracking now costs $2.04. Padded envelope $0.15 if you buy in bulk. Paypal is 3%+$0.30 and the final value fee is 10%. Those are the basic costs to sell a coin and send it with a reasonable amount of precaution.
Selling an item for $30 will cost $6.36 to transact. Paper and ink for printing not included.
Selling an item for $5 will cost $3.14 to transact.
So you can see that S/H and fees play a huge part. A $5 item cost half as much to sell as a $30 item.
If you don't use tracking for less expensive or less conspicuous items you will be at risk of the deadbeats that always seem to live in the only place on earth that has lousy mail service and your item got lost. You will spend most of your time rectifying non-existent problems and the negative feedbacks will be a sure thing.
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Valued Member
United States
134 Posts |
So then tracking will solve a lot of the problems?
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Pillar of the Community
United States
1704 Posts |
Not selling on ebay will solve a lot of problems. |
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Valued Member
United States
134 Posts |
How, then, am I supposed to get rich?
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Pillar of the Community
United States
4469 Posts |
I sell on ebay and the most difficult thing I find is getting the photos to match the coin. If your photo is too descriptive and shows more flaws than the eye can see, the coin will not sell or bring the price the coin should sell for. If the photo does not truly represent the grade of the coin, then, the buyer is going to be unhappy when the coin is delivered. I also add a description of the coin good and bad, so the buyer has complete information. You can look at the ebay competed listing to get an idea on how to price your coin. If you are honest with your description, have good photos, pack the coin correctly, and send it out on time, you will not have any problems with buyers. For sellers on ebay it is important to have a 100% rating, and you do have exposure to negative feedback that you do not deserve and lose the 100% rating. |
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Valued Member
United States
61 Posts |
I have the time to list and sell on e-bay, however, I have heard of too many sellers being victimized; Buyer claiming item not received, not as described and so on. And sellers cannot leave negative feedback. Too much trouble.
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Pillar of the Community
United States
1704 Posts |
Quote:
How, then, am I supposed to get rich? Win the lottery.  Quote:If you are honest with your description, have good photos, pack the coin correctly, and send it out on time, you will not have any problems with buyers. For sellers on ebay it is important to have a 100% rating, and you do have exposure to negative feedback that you do not deserve and lose the 100% rating.  Quote:
I have the time to list and sell on e-bay, however, I have heard of too many sellers being victimized; Buyer claiming item not received, not as described and so on. And sellers cannot leave negative feedback. If you do as Slider23 does your risk of being victimized is greatly reduced and you should have no problems. |
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Pillar of the Community
United States
1192 Posts |
I'm scared of selling on ebay but I just started yesterday with 10 items. Even though I love coins I decided to go with other stuff that I can find cheaper haha. |
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Pillar of the Community
United States
946 Posts |
LOL yea not going to get rich on ebay...think again. Maybe better to invest all that time and energy into some stock market books and take up reading up on the stock market for a couple or years if you are trying to get rich! Be your own stock broker online and buy and sell coins...seems like a nice way to start the day everyday |
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Pillar of the Community
United States
500 Posts |
15% + s/h is correct. That is a tuff nut to get over. I am happy to break even on my ebay sales, personally. Takes patience. I've only had two wackos in over a hundred coin sales now. One wanted a retroactive partial refund because the coin wasn't as "toned" as he wanted and he claimed the pictures made it look multi-colored, when they didn't, and my description said it was gold toned throughout as well. He said it was "brilliant" and untoned. I offered him a full refund on return - would not fall for his extortion attempt - and he never responded again. It was at a bargain wholesale price too so he got a great deal. Second claimed the coin was overpriced ( when he had bought it with a BEST OFFER so he picked his own price really - and he offered more than my "automatic accept" lowest price was set at to boot ). Also claimed the pictures were doctored ( absolutely false ) and that a scratch in the focal point ( honestly have never heard anyone say this about a coin? ) was not in the pics and they had to be of another coin - which is ridiculous. I fully refunded him on return, my first&only return in >100 sales, and then he left "positive feedback" but dinged me on the star ratings in so doing - a complete jerk IOW. Good luck! |
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Replies: 18 / Views: 5,509 |
Posted 05/31/2015 7:22 pm
