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 Replies: 12 / Views: 3,066 |
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Valued Member
United States
126 Posts |
I see people selling coins for 1.00 and free shipping on ebay. How can you do that? With the ebay, paypal fees, and the shipping fees how can they make money. Can anyone tell me what I am missing? Last time I shipped a coin it cost me over two dollars. *** Moved by Staff to a more appropriate forum. *** |
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Pillar of the Community
Canada
3733 Posts |
if they are doing that, they won't be doing it for long, not a good business model.
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Pillar of the Community
 United States
6570 Posts |
Is that starting Bid or Sold for Price?
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Moderator
United States
188770 Posts |
They may be building feedback.  |
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Pillar of the Community
 United States
5672 Posts |
It costs 55 cents to mail a coin USPS letter rate, so I guess if you're selling coins for a dollar that are worth about a quarter, you can break even after fees.
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Rest in Peace
United States
18456 Posts |
I'm going with Keith's question .
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Pillar of the Community
United States
1058 Posts |
 Here's a listing I'm eyeballing that started today with a 99-cent minimum bid. 392964815326Fees, schmees.
"If everything seems to be under control, you're just not going fast enough."
--- Mario Andretti
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Pillar of the Community
United States
5672 Posts |
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Valued Member
 United States
126 Posts |
Just as Zurie says they are "Buy It Now" auctions at .99 cent or 1.00. I am curious so I bought three coins today from 3 different sellers. It came to a total price including shipping 3.47 cent. I want to see how these come in the mail. I will follow up on this post if anyone is interested, but they won't be here till late next week.
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Valued Member
United States
126 Posts |
I mentioned reporting back on the three coins I purchased for 3.45. I have received two so far and as a lot of people said they came in a regular envelope, one stamp and were wrapped in a thin piece of cardboard or heavy paper. So yes they may make a few cent on each coin. I think the "Collecting lots of feedback answer is correct".
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Pillar of the Community
Canada
3733 Posts |
Quote:
Here's a listing I'm eyeballing that started today with a 99-cent minimum bid. and now it is at 510$,, no scheme here, if you have something rare, people will decide the true price.. |
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Pillar of the Community
United States
5672 Posts |
The original question was about Buy it Now coins selling for $1.00 with free shipping, not auctions that start at 99 cents. I agree that buying cheap positive feedback is the likely explanation.
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Pillar of the Community
United States
1058 Posts |
My bad. I must have been asleep at the switch...totally missed the "Buy It Now" implied in the original post. 
"If everything seems to be under control, you're just not going fast enough."
--- Mario Andretti
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Replies: 12 / Views: 3,066 |
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Posted 10/02/2020 4:25 pm
