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 Replies: 27 / Views: 5,193 |
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Pillar of the Community
United States
2233 Posts |
I was talking about my listing coins on ebay with my dad, and he said that the coins had to make a 100% profit to be considered worth selling on ebay. Is this true? |
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Bedrock of the Community
United States
36845 Posts |
You better check other listings for the same type and grade of coin to see if you would be competitive. Otherwise they'll just sit there.
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Pillar of the Community
 United States
2843 Posts |
I suspect he was exaggerating the pain of ebay and paypal fees. After you cover your fees, it is your decision how much profit you are willing to work for. |
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Pillar of the Community
United States
6130 Posts |
ebay and paypal skim about 13-15% of your sales. It is also a good idea to offer shipping for less than $3; that seems to be the magic number, even if you are losing a few cents per sale. If you are a newbie at selling, make sure you sign up for ebay bucks; you will from time to time get a promotion, either to reduce or waive your fees, or to give you ebay bucks back on sales. Making a 100% profit is nice, but you can have a successful ebay shop averaging at 25-50% profit.
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Pillar of the Community
United States
1944 Posts |
here is my opinion - only...
1 single penny (cent) - that you sell for 2 cents - represents 100% profit. that does not seem unlikely - or unrealistic.
statically accurate - but not likely profitable.
statics have a opportunity to be "spun" to sound like one might want them to appear...
i suppose that after you account for all of the selling fees, something as modest as a one cent face value coin - could easily return a 100% profit.
Edited by dbrablec
11/17/2018 1:06 pm
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Pillar of the Community
 United States
2233 Posts |
I was talking to him about how a seller had a roll of Barber halves for $190, which accounts to $9.50 per coin. The cheapest values for the series in G4 are $16. Therefore that would be a 68.4% profit. Even though that is small, I think that's better than no profit at all... |
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Forum Dad
 United States
24176 Posts |
Quote:
2 single penny (cent) - that you sell for 2 cents - represents 100% profit. that does not seem unlikely - or unrealistic. That's 0% profit. The only way for a 100% profit margin to happen is if it's not legal tender and you got it for free. |
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Forum Dad
United States
24176 Posts |
Quote:
which accounts to $9.50 per coin. The cheapest values for the series in G4 are $16. Therefore that would be a 68.4% profit. Nope, 40.6% profit margin. |
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Pillar of the Community
United States
4211 Posts |
And I'm sure that you would find more AG3 than G4's in the roll.
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Pillar of the Community
United States
7375 Posts |
Profit margins may vary, depending on how much you paid, and how much demand there is. I read somewhere that if you can't make $10 on a coin it's not worth it. I use that for my minimum. Hard to go on a strict percentage.
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Pillar of the Community
United States
2233 Posts |
What are the most profitable US coins to sell on ebay, I wonder? |
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Pillar of the Community
United States
7375 Posts |
Ones that you buy low and sell high.  Sounds like a flip answer, but not really. |
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Forum Dad
United States
24176 Posts |
Quote:
1 single penny (cent) - that you sell for 2 cents - represents 100% profit. That's 100% markup, 50% profit. |
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Pillar of the Community
United States
1944 Posts |
It still seems like 100% profit.
1 cent invested/2 cents return.
Seems like 100% to me.
(Also I minor argument point).
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Forum Dad
United States
24176 Posts |
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Bedrock of the Community
United States
36845 Posts |
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Replies: 27 / Views: 5,193 |
Posted 11/16/2018 1:14 pm
