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Has Anyone Considered Cutting Out Ebay?

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farrider11's Avatar
United States
614 Posts
 Posted 11/26/2022  10:41 pm Show Profile   Bookmark this topic Add farrider11 to your friends list Get a Link to this Message Number of Subscribers
I mean really, they charge too much and a place like this if everyone coughed up $10 a month, everyone could buy and sell all day long long.

Just a thought.

I just sold my entire Morgan collection and they hit me for $1344.39 cents plus are going to send me a 1099

Ive seen some stuff on here id buy in a heartbeat, or barger with the person that had it.

Say you were trying to upgrade your collection, and say someone was willining to part with it. You want a 1099 just for coin collecting?

I say no.

Isn't it time for a free market place?
Edited by farrider11
11/26/2022 11:04 pm
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ttkoo's Avatar
Australia
2496 Posts
 Posted 11/27/2022  12:00 am  Show Profile   Bookmark this reply Add ttkoo to your friends list Get a Link to this Reply
I've thought about selling off excess coins and spares, but the tactics of ebay turned me off completely. I don't need to trade that bad.
I might sell off only once or twice then have no further need of a selling marketplace for months or years.
Buying might be a different matter as I seem to be constantly getting something on-line.
I'd be interested to hear how it might work.
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wallyb's Avatar
Canada
557 Posts
 Posted 11/27/2022  08:40 am  Show Profile   Bookmark this reply Add wallyb to your friends list Get a Link to this Reply
Im surprised how few people sell or trade on this Forum, as a viable option to the Bay.
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ijn1944's Avatar
United States
19109 Posts
 Posted 11/27/2022  09:17 am  Show Profile   Bookmark this reply Add ijn1944 to your friends list Get a Link to this Reply
Cutting out ebay? Nope. I don't use it for high-end stuff, but it has served well in meeting many of my needs over many years. As always, buyer beware.
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bobby131313's Avatar
United States
24147 Posts
 Posted 11/27/2022  10:35 am  Show Profile   Bookmark this reply Add bobby131313 to your friends list Get a Link to this Reply
There is no where you will get the eyes on your stuff like ebay. Nowhere. You get what you pay for.
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T-BOP's Avatar
United States
18456 Posts
 Posted 11/27/2022  11:02 am  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
with Bobby CCF has many members and followers but e-Bay has a worldwide audience . I'm a buyer of coins up to $200 . I do not sell on the bay . So for me e-Bay satisfies my needs .
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Notatzaddik's Avatar
United States
81 Posts
 Posted 11/27/2022  2:36 pm  Show Profile   Bookmark this reply Add Notatzaddik to your friends list Get a Link to this Reply
I am a low end buyer. Due to Covid and health I do not go to shows. I would be sunk without it.
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BH1964's Avatar
United States
10982 Posts
 Posted 11/27/2022  2:49 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply

Quote:
Isn't it time for a free market place?


I understand your frustration but there is no free lunch. A little play on words: you could have a place with a free market (like the Western world) and you could have a free marketplace (like CCF BST). Combining both the demand from a world size free market with a free marketplace probably won't ever happen.

Sounds like you sold $10,000+ in Morgans. You could have sold them on Great Collections and their seller's fees plus buyer's premiums would have likely netted you less (or similar) money.

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jbuck's Avatar
United States
187446 Posts
 Posted 11/28/2022  09:34 am  Show Profile   Bookmark this reply Add jbuck to your friends list Get a Link to this Reply
Before the pandemic almost all my purchases were at coin shows, but since then ebay has filled the void. I have had success buying from members over the years, but that has always been luck; the market is way smaller than ebay or any coin show.

I should add that the US Mint has always been a solid second place, which only got stronger as I expanded my modern interests.
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nss-52's Avatar
United States
54280 Posts
 Posted 11/28/2022  09:58 am  Show Profile   Check nss-52's eBay Listings Bookmark this reply Add nss-52 to your friends list Get a Link to this Reply
You will not get a 1099 for selling here on CCF.

However, the taxability of your sale(s) is not in any way determined by whether or not you receive a 1099. Taxes are between you and your taxing authority.
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United States
2213 Posts
 Posted 11/28/2022  10:49 am  Show Profile   Bookmark this reply Add livingwater to your friends list Get a Link to this Reply
When I buy bullion silver/gold I check prices on the major dealers home sites and their ebay stores. Sometimes their prices on ebay are LESS so I buy on ebay. I understand it can be a hassle being a seller on ebay. But as I buyer I've had good luck since I first joined in 1999. I've only had a few problems with sellers, came damaged, shipped wrong product, etc. and the sellers or ebay made it right.

Several years ago I bought a 2009 Abraham Lincoln commemorative silver dollar on ebay. The coin was fine but the mint box was damaged. I sent it back for refund. I tried to contact the seller again, they didn't respond. I contacted ebay. ebay refunded my money, a few days later ebay said the seller closed his ebay account. Then I called the postal service. They said the seller had moved and left no forwarding address. The postal service kept the coin for over a month trying to find the seller. They gave up, sent the coin back to me. I felt a little bad about it but I ended up getting the coin for free.
Edited by livingwater
11/28/2022 11:05 am
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Pacificoin's Avatar
Canada
5391 Posts
 Posted 11/28/2022  11:04 am  Show Profile   Check Pacificoin's eBay Listings Bookmark this reply Add Pacificoin to your friends list Get a Link to this Reply
I have been selling on ebay since 2000.
Quite simply after all fees expenses cheaper than running my old coin
shop. Also with far less agro .
After tax profit ( yes good citizens pay their fair share ) has been
wonderful.
No where else is there a platform such as ebay .
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luvmyCAM's Avatar
United States
1476 Posts
 Posted 12/02/2022  4:49 pm  Show Profile   Bookmark this reply Add luvmyCAM to your friends list Get a Link to this Reply
Pacific thanks for your input. I sold my variety Lincoln Cent collection on ebay 2018 - 2020 and boy I had some good ones and plenty of multiples and ebay was my outlet. I will hand it to them we were both making money until honestly I didn't have any more good coins and was selling 20 30 dollar coins until it didn't add up. ebay did help me finally make a decision and stop because the: taxes, shipping, insurance and fees made it non profitable but main 2 reasons were 1. They wanted my bank account access (read the policy ebay can take, freeze, jam money going into or in account) and 2. I ran into 5 shister buyers who flat out got me and ebay didn't back me, didn't try, and didn't care. In my opionion it became risky profit wise to online to sell.
Would I do it again? Yes...with $20,000.00 of slabbed DDO's to move my outlets with middlemen GC, DL, Heritage etc. were flat out way worse than ebay. I used them, they used me economics 101. I buy only 2 -4 coins a year on ebay now from dealers I can pick the phone up and say hey hey let's deal and it works. I still see deals and snipes on ebay but man its brain stress searching and not the same much slimmer pickings.
This is a stretch...I out grew ebay and just kinda think they ain't so great now. Pacific I see some good shops on the bay and the executive coin company is top notch and another hot shot in CA. is solid I forget his name. I've seen some of your babies on ebay nice real nice.
Ferreider its out there on the bay money is there but you gotta have good coins and have an adhoc office set up and dedicated post office runs etc. If you got the skill savy and knowledge run with it.
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sel_69l's Avatar
Australia
21786 Posts
 Posted 12/02/2022  5:16 pm  Show Profile   Bookmark this reply Add sel_69l to your friends list Get a Link to this Reply
For coins, I never cut in with ebay.
I always perceived this method of buying numismatic items as being fraught with too many different and diverse problems.
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paralyse's Avatar
United States
12057 Posts
 Posted 12/02/2022  6:37 pm  Show Profile   Bookmark this reply Add paralyse to your friends list Get a Link to this Reply
Started selling on ebay in 1997 and buying there before that. I'm not a big seller but have sold ~300-400 coins there and bought quite a few more than that, along with other things that suit my hobbies.

It is my main outlet for sub-$100 coins (average circulated, silver-stacking, etc) and I have a great deal of success selling those sort of coins there. I will not sell higher-value coins there due to the fee structures and lack of decent seller protection against fraudulent return scams and chargebacks.

I still scan for late night bargains at times, especially world coins and ancients, but nowadays anything over $100-$200 that I want to buy is sourced through private dealer networks/groups or at the yearly TNA show here in Texas, and I don't buy much anymore anyway.

That being said, nothing is going to replace ebay anytime soon in my opinion. It is by far the single largest consumer-oriented online market for coins in the US. Europe has vCoins, MA-Shops, etc. so at least there are some other options. There have been, off and on, attempts or plans to make dedicated numismatic-focused online auction and buy/trade/sell sites here in the US, some of which I have worked on/with, but it is a struggle to get any sort of traction there. Most major dealers already have web stores on their own web sites, and when they want to move inventory to a wider audience of collectors, nothing else here in the US has the market visibility or exposure to buyers that ebay does. Sellers and dealers are going to go where the most buyers are found, and that's ebay.
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timothys_coins's Avatar
United States
7 Posts
 Posted 12/09/2022  10:08 am  Show Profile   Bookmark this reply Add timothys_coins to your friends list Get a Link to this Reply
I've been debating this ever since I got that notification about the 1099. The issue with me is that I'm a YN using my parent's ebay account, and I don't want to drag them into all this mess. I looked into moving to another site like eCrater, but you're just not going to get any views from anywhere else, at least not at the scale as ebay. I'll probably just keep selling on ebay, because apparently, you'll only get the 1099 if you sell more than 200 listings a year, make $20,000 a year, or make a sale of $600 or more.
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