Curious Question About How An Ebay Seller Can Profit

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Author	Replies: 7 / Views: 855
Prethen Pillar of the Community United States 3234 Posts	Posted 01/26/2024 09:16 am I'm buying a gold eagle from a dealer and I was looking around at comparable pricing on various sites, including ebay. For instance, if you're looking on ebay to buy a 2024 American Gold Eagle NGC MS70, you'll see average pricing around $2350 on the lower end. I've personally found that ebay fees in total will be about 15% of the purchase price. As I understand it, that's normal. How the heck does an ebay seller make a cent if that brings the net down to below the spot price of gold for a piece that will have a higher spot price, slabbing fees, shipping fee, etc.? What's the motivation? I must not understand something that various ebay sellers have access to or maybe they much better pricing on the backend. Report this Post to the Staff

bobby131313 Forum Dad United States 24153 Posts	Posted 01/26/2024 09:32 am Well, for one case... big sellers like APMEX don't pay fees and have much laxer rules. Shop CCF Members on eBay. Report this Post to the Staff
jacrispies Pillar of the Community United States 3848 Posts	Posted 01/26/2024 10:07 am For those with ebay "stores," the fee is only 8%. It just costs a little money up front. Most people avoid bullion trading on ebay because of the low margins made on that material. Suffering from bust half fever. Want to learn how to attribute early half dollars by die variety? Click Here: http://goccf.com/t/434955 Shoot me a PM if you are looking to sell bust halves. Report this Post to the Staff
Prethen Pillar of the Community United States 3234 Posts	Posted 01/26/2024 10:25 am So, what can some of those ebay sellers actually net (including fees, shipping, etc.) on a piece of MS 70 gold bullion that they sell for $2350, especially since the buyer will be using a credit card? Report this Post to the Staff
kbbpll Pillar of the Community United States 4233 Posts	Posted 01/26/2024 1:15 pm They're as low as $2230 on APMEX if you buy 20. If they're in the bulk purchase program with the mint, they get as much as 5% off. You'd have to consider that too I think. I don't know anything about the bullion trade but it seems like you'd have to know how much their cost was all-in in order to know what they net. Report this Post to the Staff
oriole Pillar of the Community Canada 5239 Posts	Posted 01/26/2024 5:36 pm It seems marginal at best. My LCS makes about 3-4% on modern gold bullion, and nothing is slabbed and they do not take credit cards. Report this Post to the Staff
Brandmeister Pillar of the Community United States 6491 Posts	Posted 01/26/2024 5:57 pm 3% of $2000 is $60. If you make $60 per day, that's $18000 per year. Also keep in mind that a business can probably write off shipping, insurance, grading as expenses. The owner may also enjoy a considerable number of small business incentives. To be sure, a lot can go wrong in a low margin business. But more likely than not, those sellers are operating as a business with a full strategy, not just as a side hustle. Report this Post to the Staff
Andrew99 CCF Advertiser United States 1533 Posts	Posted 01/30/2024 11:00 pm I don't sell Bullion on ebay. I make about 1.5% on gold and don't take credit cards. Report this Post to the Staff
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