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 Replies: 1,581 / Views: 148,991 |
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Pillar of the Community
United States
1913 Posts |
Quote:I am curious if you all feel that ebay is the "Best" platform to sell a similar coin. If not, where would you market a simialr coin if you wanted to sell it and achieve the best price and return? So far as I know, ebay is the only auction type platform to sell coins except for the auction sites like Heritage Auctions. ebay's fees are extremely high which is why I'm surprised that competition hasn't started. Back when ebay disallowed the sale of guns (all legal through dealer transfers), Gunbroker.com started and has been going strong since. I'm thinking someone could start Coinbroker.com and make plenty of money. |
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Bedrock of the Community
13014 Posts |
ebay fees are actually extremely low for expensive coins as they're capped. You'd be paying like 1 percent on a 100k coin. As far as Dave's questions I'll break that up a bit. ebay is fine for these if you're a big seller. If you're Joe Blow I wouldn't list it there myself. There is more risk selling there than elsewhere and if they return it PayPal keeps the fees which would be expensive on that. As for where to sell a five figure coin it depends what it is. If it's a PCGS CAC I would try my best to get it into a legend regency auction. If it's not I would check Heritage and Stacks especially if it was a world coin and consider great collections as well for a us coin. A modern like this though I'd send to GC as I don't like selling things on ebay over 1k myself unless I have too from price differences. Really I don't like over 500 anymore on ebay myself after the PayPal change.
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Pillar of the Community
United States
1913 Posts |
1% on a $100k coin is certainly reasonable. The last time I looked at selling some coins in the <$200 range it was going to cost me about 13% which made it not at all worth selling as I can sell to dealers for a bit more. For comparison, GunBroker is less than half that rate.
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Pillar of the Community
United States
4901 Posts |
Quote:So far as I know, ebay is the only auction type platform to sell coins except for the auction sites like Heritage Auctions. ebay's fees are extremely high which is why I'm surprised that competition hasn't started. Heritage charges a 20% buyers fee in addition to a 5% sellers fee so that has to be considered and IS considered when bidding SO I guess pick your poison... |
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Valued Member
United States
102 Posts |
From what I remember, ebay's red aren't that high at all. |
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Pillar of the Community
United States
1044 Posts |
Quote:Really I don't like over 500 anymore on ebay myself after the PayPal change. what change are you referring to? |
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Bedrock of the Community
13014 Posts |
ebay fees on cheaper stuff is 10 percent (6 percent with a store) plus PayPal with is like 3 percent plus their per fee charge of 40 cents or something like that. The PayPal change I referenced was that now when there's an item returned PayPal doesn't refund your fees. So if your item had 20 bucks in PayPal fees PayPal keeps it. Even if they just pay for the item then ask you to cancel PayPal keeps the fee. The more expensive the item is the more money a return will now cost you which is why I really try to not use ebay to sell expensive stuff especially with how many people have started to use ebay as an approval service. Not to mention you lose the cost of "free" shipping as well. It's easy to see how just a couple returns could leave you out hundreds of dollars.
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Valued Member
United States
177 Posts |
Edited by pilotaggie
12/04/2019 9:24 pm
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Pillar of the Community
United States
1044 Posts |
Yup just saw that. Around a cool $11,500 profit after all costs and fees.
How much have graded 70's been selling for? Just trying to determine how much more value the signed COA brought in.
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Pillar of the Community
United States
1044 Posts |
To those who submitted to NGC, my submission was processed today as received and showing as "2 items". Are they counting the COA as an item? What did yours show when received?
Edited by wyzeguy
12/04/2019 9:43 pm
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Pillar of the Community
United States
5214 Posts |
Quote:#16 just sold on ebay for 14k. You mean the "Auction Ended"  Doesn't mean it actually sold. Shill bidding, my son was on my computer and my ebay account was already logged on and he was playing around and bid on it, non payment after the buyer is ghost after a week, seller cancels sale claiming "the item has been lost or stolen" and relists in a month, and so on and so on with the wild wild west that ebay has become over the last 10 years. |
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Pillar of the Community
United States
1044 Posts |
Quote:Shill bidding, my son was on my computer and my ebay account was already logged on and he was playing around and bid on it, non payment after the buyer is ghost after a week, seller cancels sale claiming "the item has been lost or stolen" and relists in a month, and so on and so on with the wild wild west that ebay has become over the last 10 years. So you're saying you're the winning bidder but don't plan to pay? |
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Pillar of the Community
United States
5647 Posts |
Looks like the OGP 19EX'S are going for $1,450.00. The # 16 coin has shady people bidding on that coin, More than 6 people do anywhere from 12% to 26% PLUS, business with the seller. THAT is shady, to say the least. I use to volunteer services to prevent fraud and deception on ebay's coins and paper currency site. You would NOT believe the amount of fraud and crisp clear deception in that area. The facts that these "bidders " have that much business with that seller, most raising the bids from a thousand up to 3-5 thousand, and more than a few are doing that, Very Suspect and was reported. I have been on the bay since 05, Things are NOT what they seem......... Slabbed 19 E X 'S are selling for over $2,500.00 too, NGC !!! WOW |
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Bedrock of the Community
13014 Posts |
Yes the coa is a 2nd item, PCGS shows 2 as well.
12% really isn't shady, plenty of people have that amount or higher from legit bidders.
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New Member
United States
11 Posts |
Quote:
To those who submitted to NGC, my submission was processed today as received and showing as "2 items". Are they counting the COA as an item? What did yours show when received? Same here, I was a little confused at first, but I had the COA encapsulated too, so I think they count this as an item. |
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Replies: 1,581 / Views: 148,991 |
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Posted 12/04/2019 4:16 pm
