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 Replies: 17 / Views: 3,516 |
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Pillar of the Community
Canada
557 Posts |
I know that auctions have been discussed here before. I have a few questions for those who have used the service.
1. Is the Consignment Commission the only cost to the seller?
2. From experience is Auction a better option over a platform like the Bay?
3. Personal experiences with selling by auction, good or bad?
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Pillar of the Community
Canada
5324 Posts |
Top end stuff should only be in a major auction, not the run of the mill monthly also high end stuff no set fees.
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Pillar of the Community
 Canada
9864 Posts |
 Only high end stuff to auctions. After the commission, bidders fees , etc. you only realize about 60% of the final value. "Dipping" is not considered cleaning...
-from PCGS website
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Pillar of the Community
Canada
1984 Posts |
I tend to send most high end material to auction though I sell a lot of items on ebay. Selling expensive stuff on ebay always has the risk of buyer fraud (claiming something wasn't delivered, return a substitute item etc etc.). If you use an auctioneer, they have to deal with that risk. |
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Pillar of the Community
Canada
668 Posts |
I personally buy a lot on social media auctions. Reputation goes a long way there and there is no commission or fees involved so sellers are able to capitalize on the true value of their coins.
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Pillar of the Community
Canada
1159 Posts |
You will never see me sell on ebay ever again. Got stiffed hard a week ago with me putting the best micro pictures and description's of the coins you would receive. Buyer substituted my pictures to ebay that he received the item that didn't match the description. And I had to refund him. It was cheaper for me to let them keep the item them returning it. They got a free sale and as for sellers ebay stands behind the scummy buyers. For me now its only Icollect Auctions to sell volumes or 1 on 1 if we know one another. Might try this coin site one day too. |
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Pillar of the Community
 Canada
557 Posts |
Thanks for all the info. I've got a number of pre 1933 US gold and I'm nervous about ebay. Although realizing only 60% on the sale is painful. |
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Pillar of the Community
 Canada
5394 Posts |
If you can't negotiate no seller fee and get 105% of hammer
Find another auction house
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Pillar of the Community
Canada
1159 Posts |
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Pillar of the Community
Canada
1159 Posts |
Read the alert details, exactly what happened to me. Never selling on ebay again. |
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Pillar of the Community
Canada
1984 Posts |
I have been a victim of buyers scams on occasion. Sadly it is a cost of doing business. The ebay market is very pro buyer but it is the best game in town for a certain class of midrange items. 99%+ of buyers are fair. You have to be very very careful on high end items. |
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Pillar of the Community
Canada
891 Posts |
chadcoins enable your e mail so I can pm you
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Pillar of the Community
Canada
1159 Posts |
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Pillar of the Community
Canada
557 Posts |
Hey coinman91 can you share more info on the 'social media auctions'?
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Pillar of the Community
Canada
5589 Posts |
There are Facebook auctions on the specialized coin sector. I have a friend who sells 100's of coins for me there.
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Pillar of the Community
Canada
557 Posts |
Okiecorner, so only certain members are permitted to auction items? Assuming that's why a 'friend' sells for you?
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Replies: 17 / Views: 3,516 |
Posted 02/26/2023 4:42 pm
