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 Replies: 15 / Views: 1,478 |
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Pillar of the Community
United States
1116 Posts |
i have a chance to sell some coins and other antique items on ebay for a friend of my fathers what is a good percentage of the final sale price to ask for in return for me listing the items etc. Edited by scott3270
06/30/2009 5:21 pm
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Moderator
 United States
56855 Posts |
Why not try selling here first to the members? If you sell them on ebay, I think 20% is a fare amount. John1 |
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Valued Member
United States
183 Posts |
15-20% for the fees and your time and trouble.
Bruce
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Moderator
United States
16677 Posts |
My friends dad passed and he wants me to move his coin collection. I charge him 15%. That's a fair deal.
swcoin.ecrater.com
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Moderator
 United States
6563 Posts |
Most places of sellers do 25-30% because they pay for all shipping and packing materials as well as time. Once you figure all the ebay and paypal fees the profit margin goes way down |
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Rest in Peace
United States
1729 Posts |
I'd agree with the above comments, except that I'd charge a flat 15% of the final selling price(s) and actual packing, shipping, and incidental charges (insurance and the like). And, yes, try selling or auctioning them here first, if your friend will allow you the time. At least you won't have to deal with PayPal charges and hopefully fraudulent offers from anyone here.
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Bedrock of the Community
United States
10982 Posts |
I agree with GraceOutcast: 25% of the total is very fair. ebay and PayPal will be getting close to 10% plus your time, packaging supplies, etc. will mean nearly 15% of the take will be gone before you even pay your friend. I've seen people asking 1/3 of the sales price, which is high if it's a friend and you have the time available, but 1/4 of the sales price is very reasonable. |
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Pillar of the Community
United States
1055 Posts |
 Post some items on here, no telling what I might find that I want! If you include fees on ebay it costs 6% plus listing fees plus post and shipping. |
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Pillar of the Community
 United States
1116 Posts |
thanks for all the fast responses if she decides to sell I will see if she would like to list the coins here.
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Bedrock of the Community
United States
10284 Posts |
For small dollar sales, like $10 to $100 I ask 20% and they pay all the fees. For higher than $100.00 I ask for 15% up to a few hundred and they pay all the fees. For over $500. I usually will take 10% or even less than 10%.
It takes as much time to list a roll of wheat cents as it takes to list a Double eagle.
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Pillar of the Community
United States
1151 Posts |
I used to have an antique shop and would take things in on consignment and / or sell their things on ebay. I took 20% off the top on in store sales and 20% plus costs ( ie. listing fees, Paypal fees, shipping and packaging fees) for anything sold on ebay. |
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Valued Member
United States
383 Posts |
Quote:Why not try selling here first to the members? If you sell them on ebay, I think 20% is a fare amount. John1 I see what you did there.  |
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Pillar of the Community
Canada
1248 Posts |
Hello Scott,
are there any older canadian coins in you lot?
HHB
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Bedrock of the Community
United States
20753 Posts |
Maybe not the answer you want but if I were you I'd not get involved. When it comes to friends, relatives, or freinds of relatives you may end up being sorry. If you sell something of your own, you really don't have to worry about any repercussions of problems.
When it comes to selling for someone else, and a relative or friend of a relative, things just have a habit of going wrong. You either cheated them, over charged for your services, pocketed something, didn't let them know what is what and just lots of other things.
And as a friend of your father's, you now bring in your Dad to the equation of possible problems. Arguments, distrust, lying, thieft and your family is all at fault.
Very possibly nothing will go wrong but from my experiences with dealing with family, friends, or friends of family, things just go wrong.
Possibly you may loose a few dollars not getting involved but it could be worth a lot in problems later.
You may want to suggest other sources of liquidation such as this forum, coin shows, etc.
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Pillar of the Community
United States
1116 Posts |
thanks for the advice just carl.
well she decided to not sell the coins just the antiques she decided to keep the coins because they were her fathers. there really wasn't nothing special mostly junk silver and some wheats
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Pillar of the Community
United States
581 Posts |
Something that no one brought up - taxes.
Would you create an ID for the sale or use your own. If you use your own, you're technically making money and therefore will owe taxes.
I would avoid it for that reason alone - who needs the paperwork unless you start doing it on a regular basis.
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Replies: 15 / Views: 1,478 |
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Posted 06/30/2009 5:42 pm
