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Packing And Shipping Coins

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TCL963's Avatar
United States
18 Posts
 Posted 09/09/2016  3:34 pm Show Profile   Bookmark this topic Add TCL963 to your friends list Get a Link to this Message Number of Subscribers
Hopefully this is the right forum...

I just made my first sale on ebay! I'm very excited because I'm hoping to build up my feedback and sell quite a few more.

Anyways...what is the best way to package and sell coins? I selected USPS First Class as the shipping method. Do I insure the coins? It sold for $29.99 with shipping included, so do I just insure for that amount? What about packing? It was a boxed proof set, but I also have coins in PCGS holders that I would like to sell eventually. Is a padded envelope the best option or do they need to be in a small box?

What about my shipping address? These were my dad's coins and he was VERY paranoid about letting people know we had coins in the house. Is it safe to put my address on the package or do people typically use a PO Box?

Also, in another post someone mentioned leaving some money in my PayPal account to cover the fees. Is there something more that will come out of the payment of $28.82 that is pending in my account?

Sorry for all the questions. I greatly appreciate any help I can get.
Edited by TCL963
09/09/2016 3:39 pm
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Finn235's Avatar
United States
6130 Posts
 Posted 09/09/2016  3:48 pm  Show Profile   Bookmark this reply Add Finn235 to your friends list Get a Link to this Reply
ebay will invoice you for 13% of the sale price in a month or two. You will need to pay that from your Paypal account, or I think they also take credit cards or e-checks for it. A regular padded envelope usually does just fine, especially if the coins are in any sort of case.

ebay doesn't care whose return address is on it; I have never had anyone go stalking me or anything like that.
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Mister Kairu's Avatar
United States
1911 Posts
 Posted 09/09/2016  3:59 pm  Show Profile   Bookmark this reply Add Mister Kairu to your friends list Get a Link to this Reply
As for actual shipping it is entirely up to you, but what I do (over 400 ratings now) is if the coin is less than $80-90 I don't insure it as rarely anything has happened in those 400+ sales. If it is more than 1 coin I just a small yellow sealable padded envelope and First Class. You can put one coin in there also, I just add some tissues or grocery bags to help extra pad it and so people couldn't as easily figure it was coins. And yes Paypal fees come out immediately but ebay fees come out once a month.
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Coinfrog's Avatar
United States
94367 Posts
 Posted 09/09/2016  4:49 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Good advice. Personally, I don't insure a coin worth less than $200, but that's just me. USPS Priority Mail has some insurance included (I think $100), has tracking number and must be signed for - very reasonable cost. Most low-value things I buy on ebay arrive without insurance and I have only lost one item buying OR selling over many years. Most ebay sellers and buyers are good honest people, and USPS does a great job, imho.



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TCL963's Avatar
United States
18 Posts
 Posted 09/09/2016  5:13 pm  Show Profile   Bookmark this reply Add TCL963 to your friends list Get a Link to this Reply
This is all very helpful. Can someone explain more about printing labels at home for a discounted rate? Is that something I should be doing?
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Coinfrog's Avatar
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94367 Posts
 Posted 09/09/2016  5:17 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
This is explained under the Sellers section on the ebay site.
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paxbrit's Avatar
United States
992 Posts
 Posted 09/09/2016  5:19 pm  Show Profile   Bookmark this reply Add paxbrit to your friends list Get a Link to this Reply
Don't bother with insurance for small sales, pick your dollar limit for comfort. Do add a note in large print to your listings, 'Purchases over $XXX will add $YYY for insurance', if you want to do that. Have the buyer request an invoice for multiple items, you can ensure the correct postage.

If you're the seller on ebay, your address will come up for the shipping label. You can use either your street address or your P.O. Box, your choice. I wouldn't be too concerned about security unless you're selling high-dollar items.


Just use the ebay shipping label service, and rely on the tracking number for proof of delivery. 99.73% of your buyers are honest collectors and you will have no problems with them. I can recall just two mailings that I have not received in the last 40 years.

Put the coin flips on an index card or paper sheet, taped or stapled, insert into a padded mailer, affix the label, tape it up, and you're good to go.
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Saruma's Avatar
United States
968 Posts
 Posted 09/09/2016  6:04 pm  Show Profile   Bookmark this reply Add Saruma to your friends list Get a Link to this Reply
I sell full time on ebay, but nothing related to coins. So my advice may not line up 100% with what you are doing, but in many ways ebay is the same no matter what you sell.

First class is the way to go as it is far and away the cheapest way to ship. I wouldn't worry about insurance unless you are selling a higher end item. I've made literally thousands of sales and a package has never gone permanently missing. Delays are very common, but not missing items. The only case where the item may have gone missing is someone that claimed he didn't get the package even though it said delivered. He was probably telling the truth, but regardless the USPS wouldn't have paid for that even if I had insurance as they will claim they delivered it. If you ever get a negative review do not respond angrily. Make a level headed response that makes you look like a professional and the buyer unreasonable, or own up to a mistake if you did something wrong.

You absolutely should print labels at home. No serious seller waits in line and pays full price at the post office. Plus you'd have to upload the tracking number by hand that way. It is super easy to ship with ebay. When you have a sale just click on "print shipping label" link. Then pack the item but don't seal it up yet. Weigh the package, select the weight (always round up, for example 2.1 oz is 3 oz for shipping purposes). It will then make a label you can print out and stick on the package with tape. You will probably have to adjust the size in your print settings until you find the label size that fits your package the best. I always print out a packing slip too as it makes it clear to the buyer what they received (some people buy lots of stuff and forget what's what). Plus it has your and his address, so if something happens to the label the post office can open it up and find out where to send it.
Be as honest as possible about what you are selling and learn to take good pictures. If people can see the item clearly and you tell them about an issue you are aware of (such as cleaning) they are far less likely to return it. Yes there are plenty of horror stories of bad buyers, but most people are reasonable if they feel you were honest with them. If you do have a problem buyer don't get angry with them. Negative ratings can really hurt you, especially when you don't have a ton of positive reviews to balance it out. Sometimes you just have to give them what they want to avoid a negative then just block them.

If you do auctions be sure to time them so they end in the evening, with Sunday being maybe the best day. That is when the most people are on ebay so your odds of more bids will increase. That being said, I moved away from auctions a long time ago and only do buy it now except in rare cases. People like to buy an item right now, not wait for a week to see if they get outbid. If you have something genuinely special that is rarely seen on ebay then an auction might make sense.

Always keep some money in Paypal. How much depends on how much you sell. I like to keep $500 minimum, but I sell thousands of dollars of merchandise per month. If you are making a small number of sales then $50 is good, but make sure there is always enough to pay ebay's bill at the end of the month. They deduct it automatically so be prepared.

I'm happy to answer any other questions you might have. Congrats on your first sale by the way. I hope you keep having success!

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Coinfrog's Avatar
United States
94367 Posts
 Posted 09/09/2016  6:15 pm  Show Profile   Bookmark this reply Add Coinfrog to your friends list Get a Link to this Reply
Great input, thanks.
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TCL963's Avatar
United States
18 Posts
 Posted 09/09/2016  6:16 pm  Show Profile   Bookmark this reply Add TCL963 to your friends list Get a Link to this Reply
Thank you everyone for all the very helpful advice. I greatly appreciate it!
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Chute72's Avatar
United States
1314 Posts
 Posted 09/09/2016  6:55 pm  Show Profile   Bookmark this reply Add Chute72 to your friends list Get a Link to this Reply
Coins in envelopes should not be stamp cancelled by machine. Mark Non-maChinable and add surcharge.
Rest in Peace
Buddy's Avatar
United States
7075 Posts
 Posted 09/09/2016  7:22 pm  Show Profile   Bookmark this reply Add Buddy to your friends list Get a Link to this Reply

Quote:
I always print out a packing slip too as it makes it clear to the buyer what they received (some people buy lots of stuff and forget what's what).


As an ebay buyer I really appreciate this. I recently purchased two basically identical items for a couple of collectors.

The auctions ended just one day apart. The first package arrived and everything was fine but there was nothing in the return address that matched either seller's name and I worried that if the other package didn't arrive -- who would I contact?

Anyway, the second coin came and everything is fine but there was a whole day and a half where I was a little nervous.



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