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Selling Coins On Ebay

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Valued Member
tampabaygrampa's Avatar
United States
408 Posts
 Posted 03/01/2011  7:36 pm  Show Profile   Bookmark this reply Add tampabaygrampa to your friends list Get a Link to this Reply
I've sold lots of items on ebay, coins included. I also flea marketed for quite a few
years. I will take ebay anytime, fees included. You get an audience for your items
of people that are interested in what you are selling. When you look on ebay to buy
something, you look at specific items. What I want as a seller is someone interested
in the items I have for sale. That is exactly what you get on ebay. Nice items, decent price equals sale.
Bedrock of the Community
United States
20753 Posts
 Posted 03/01/2011  9:01 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
just carl, I'm in south Florida and our local coin shows are never crowded to the point you describe in yours. Of course we have FUN and summer FUN that are really big. I'm glad someone's making 6 figures a year from coin shows. Wish I could, but it won't happen here in my area.

And your just one of many for some reason some areas just don't click on the same types of intertainment. I'm in the Northern Illinois area and around here there are standard 4 coin shows a Month, all in differnt areas, all on a Sunday, regardless of weather or Holidays. Then too there are the perioidically larger shows which come up about every few Months. We actually have so many coin shows that many overlap and then some are hurt by that.
Not to brag but we also have many gun shows, knife shows, dog and cat shows, camera shows, flea markets, computer shows, car shows and on and on and on. Just had that largest car show in Chicago. I love our camera shows where I usually can get a decent camera for $10 to $40 and the latest, not an old piece of junk. I can get computers so cheap I have several working all the time. And this is why here I don't need ebay at all. Around here there is virtually NOTHING you can not buy.
And as to crowds at coin shows, last Sundays was so crowded I really did leave early due to aisles being jammed.
Valued Member
pastorals's Avatar
United States
91 Posts
 Posted 03/02/2011  1:32 pm  Show Profile   Bookmark this reply Add pastorals to your friends list Get a Link to this Reply
I've been enjoying this discussion on ebay selling...whether it is worth it or not. Well, about three months ago I decided to give selling on ebay a try. I dug out some 'excess" coins and listed them . And I have to say things are going much better than expected,and with sales so good I don't mind sharing a bit with ebay and Paypal. Now as we start into the Spring of a new year I'm ready to start earning my second $1,000,000.00!!

Alan
(I gave upon my first $1,000,000.00)
New Member
Logic's Avatar
United States
25 Posts
 Posted 03/02/2011  1:48 pm  Show Profile   Bookmark this reply Add Logic to your friends list Get a Link to this Reply
I agree with the OP. ebay charges a premium for something they can deliver that no one else can, exposure.

If you look at it for what it is and work with it, rather than fighting against it, it can be a great resource for both buyers and sellers.

I certainly hope that some friendlier auction sites become viable enough to provide an alternative to ebay and force some concessions from them by actually providing competition, but that is not a reality right now.

If you are not using ebay as a buyer or a seller right now than you are missing out imo.
Valued Member
numismaniac's Avatar
United States
361 Posts
 Posted 03/05/2011  6:40 pm  Show Profile   Bookmark this reply Add numismaniac to your friends list Get a Link to this Reply
There is no other place where your coins can get that type of exposure. I agree that the fees are steep but they do tell us going in.
Bedrock of the Community
United States
20753 Posts
 Posted 03/05/2011  7:00 pm  Show Profile   Bookmark this reply Add just carl to your friends list Get a Link to this Reply

Quote:
There is no other place where your coins can get that type of exposure. I agree that the fees are steep but they do tell us going in.


And that is the one really, really big thing about ebay. There really is no other place on Earth where you could try to sell a coin and virtually millions of people will see that. A person could go to all the coin shows anywhere and never attain that type of exposure.
Pillar of the Community
United States
958 Posts
 Posted 03/10/2011  02:05 am  Show Profile   Bookmark this reply Add coppertop5150 to your friends list Get a Link to this Reply
i think the fee's are fair for the exposure you get.

I sold some of my 80's transformers toys , to my surprise did really well. I put them on CL and on some robot toy collectors websites free forum areas. Got some offers but nothing close to my ebay sell prices.

For instance I sold a " skullcrusher " 1987 transformer toy on ebay its final price was $78.00 plus $5 shipping
Free to list and ebay took a cut plus paypal. I still made almost $65 and was happy.

Being the highest offers I got from the free websites was $30 . Same example with other toys.

BUT alot of the same things are forsale and it can hurt . One toy I had listed was doing real well then all the bid stopped 2 days before the auction end. I looked and 2 others had listed the same toy online a day before. So now people interested in mine had 2 other of the same toy to bid on.
Pillar of the Community
United States
3184 Posts
 Posted 03/10/2011  02:32 am  Show Profile   Bookmark this reply Add mkman123 to your friends list Get a Link to this Reply
Some more posts and I will be able to sell/trade/buy on this forum which I enjoy :)
Pillar of the Community
cointagous's Avatar
United States
1143 Posts
 Posted 03/10/2011  02:41 am  Show Profile   Bookmark this reply Add cointagous to your friends list Get a Link to this Reply
As with everything quality matters. If you get two people trying to obtain the same item then you have an auction. But these days most of that auction takes place in the last five seconds...
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/11/2011  5:25 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
I've checked out alot of other online auction sites but haven't found any quality sites. There are a few with lots of coins but they are free sites with no fees. Sounds great in the beginning but if there is no fee then everyone asks top dollar or more for their items.


Right observation, wrong reason.

Sellers ask for top dollar because if they started at $1, that might be the only bid they get. Since ebay rarely functions as an auction site, people use high minimums to protect themselves.
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/11/2011  5:54 pm  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply

Quote:
There really is no other place on Earth where you could try to sell a coin and virtually millions of people will see that


Could see, not will see. Check the counters; most coin items are well below 100 hits, many under 10.
Pillar of the Community
Maineman750's Avatar
United States
3592 Posts
 Posted 03/11/2011  6:18 pm  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply

Quote:
Since ebay rarely functions as an auction site


You want to define "rarely"...because that's not my experience
Pillar of the Community
oblakavshtanax's Avatar
United States
757 Posts
 Posted 03/11/2011  6:22 pm  Show Profile   Bookmark this reply Add oblakavshtanax to your friends list Get a Link to this Reply
what exactly are you getting at fred? you're saying the free sites are better or ebay is better?
Rest in Peace
biggfredd's Avatar
United States
9104 Posts
 Posted 03/12/2011  05:27 am  Show Profile   Bookmark this reply Add biggfredd to your friends list Get a Link to this Reply
750 - sell-thru on ebay is around 40%. Name a real world auction site that doesn't get bids on 60% of what they put up. They'd be out of business in a month.

obla - not saying anybody is "better", simply that a typical ebay coin auction doesn't get millions of viewers, more like 20.
Pillar of the Community
Maineman750's Avatar
United States
3592 Posts
 Posted 03/12/2011  09:21 am  Show Profile   Bookmark this reply Add Maineman750 to your friends list Get a Link to this Reply
biggfredd I'll have to respectfully disagree and agree at the same time. 40 % is not rarely,I wish I had those odds in the lottery. And then you need to consider that ebay is not just an auction site, so comparing apples to oranges means nothing.I have sold 99% of everything I listed for auction.I'm happy with those numbers but would be glad to hear of a better alternative.
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