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 Replies: 21 / Views: 3,382 |
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Pillar of the Community
United States
819 Posts |
Was just wondering if any one has done any serious work in this area; I have a few items to get rid of and it seems there would be a wider audience of bidders on ebay, but then you pay fees; so does anyone feel like they get sufficient exposure on CCF auctions to pick up the difference? Naturally I want to get as much for my items as they are worth and wasn't sure if the added exposure on ebay was worth the fees you have to pay. any comments anyone? Of course there is the added benefit of selling to a CCF member and "keeping it in the family" so to speak. |
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Valued Member
United States
94 Posts |
Haven't tried to sell on this forum yet, but will soon. The ebay fees are 9% (or will be soon). Since the margin on coins is small, I don't prefer that venue. I think there are PayPal fees on top of that or am I mistaken? |
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Pillar of the Community
United States
1283 Posts |
Yes, paypal fees are on top of that. For coins $50 bucks and over I personally wouldn't risk auctioning them here. The exposure is far too small and I've seen nice coins at great prices sit for weeks with no takers. Between ebay and Paypal it is getting pretty expensive, but it's still cheaper than Heritage or comparable auction houses. They charge a 15% buyer's premium plus a 5% seller's premium - both of which hit the seller's wallet. I've personally had very reasonable offers come from dealers, as strange as that seems. I've always wondered how they make money having such expensive inventory with tiny margins. |
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Pillar of the Community
United States
1429 Posts |
I have been much more successful on ebay. Much broader audience, better bidding in spite of fees. |
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Pillar of the Community
United States
4085 Posts |
I would personally recommend that you research final selling prices on ebay and then try to sell here at a fixed price towards the lower end of those prices in the Post Numismatic Items You Want To Sell Here section. You save on fees and someone here gets a nice deal on a coin. For example, if a coin went for say $28, $32, $33, $38, and $42 on ebay in 5 different auctions, you might try and sell it here for $32 or $33. If it doesn't sell, off to ebay it goes. I agree with others that I'd be a little wary of an auction - especially for more expensive items. It does seem to work for more common items. Ken |
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Pillar of the Community
United States
1083 Posts |
My experience is that you will get a better price on ebay for more expensive coins, even accounting for the fees. Common coins do better on the CCF. |
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Bedrock of the Community
United States
12437 Posts |
I have had reasonably good luck selling coins on the forum, I have sold almost $1500 worth in the past two years. Most have been low cost stuff but I have had several in the $50-100 range with the most expensive being a 1914D Lincoln Cent for $200. However, I have not run too many auctions, greater than 90% of my sales have been fixed price listings on the forum. The key is to sell stuff that appeals to a broad range of people on the forum, niche items are best left to ebay. |
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Moderator
 United States
16679 Posts |
The majority of coins I offer here, are in the auction format. Of course, ebay does appeal to a wider audience. I would prefer to offer them first to the CCF family. If there is no interest, I move them to ebay. swcoin.ecrater.com
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Bedrock of the Community
United States
14454 Posts |
as much as I love to see coins offered here for other collectors I have to say for high end coins there isn't much exposure here nor do we have allot of members that can afford high priced coins so ebay would be better in those situations |
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Pillar of the Community
United States
2335 Posts |
I think ebay has a wider audience & will probably generate a better price. I also think it's a good idea to list coins here first. Figure what they would sell for on ebay, subtract what it would cost in fees & offer the item here at a fixed price. That gives another member an opportunity to pick up a coin for less than ebay with no loss to the seller. If it doesn't sell in a few days you can always list on ebay. Edited by trdhrdr007
01/31/2010 09:14 am
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Pillar of the Community
United States
1083 Posts |
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Valued Member
United States
94 Posts |
If I sold a $200 coin on ebay, what would that end up costing me in listing fees, ebay fees and Paypal fees? |
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Pillar of the Community
United States
1283 Posts |
You can go to both sites and calculate it, but round numbers I would estimate $20 or so including PayPal fees. I might be a bit high on that.
Don't forget to factor in shipping, which you have the option of charging in your listing.
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Bedrock of the Community
United States
14454 Posts |
I sold a coin with a BIN @ 320.00 and it cost me $25.10 in ebay fee's not sure about Paypal fees |
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Pillar of the Community
United States
2254 Posts |
To discuss the first question posted here, it looks like right now it depends on the coin/series for sale. The Morgans that are up right now are seeing some pretty good bidding. Lots and lots of Morgan collectors out there, and those that aren't still like them and will buy them. There's just something about a big piece of silver and a pretty nice design. When I sell some of my Morgans, which will be soon, they will go here.  |
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Pillar of the Community
United States
1291 Posts |
I've never had much luck buying or selling coins here on the Forum but I always assumed that was because, frankly, most of the coins I deal in are considered "junk" (or worse!) by most serious collectors. I think if I had something "good" to sell I'd certainly start here first and then move it to ebay if I couldn't sell it here. |
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Replies: 21 / Views: 3,382 |
Posted 01/30/2010 5:29 pm
