I try to check in every few days. I'm also going to be posting more here.
While I cringe every time I see my
ebay bill for fees, I have to admit that I get more looks, more sales and higher prices on
ebay than on other selling venues.
I'm dabbling on Bonanza (for $20 and up items) and on eCrater (for mostly under $10 items). Just starting on both of those venues and I'm still setting up stores and getting items listed. It will be interesting to see what the traffic is there. Others I've talked to say they get maybe 10% of the traffic on those sites that they see on
ebay.
This past week, I've sold a couple of silver 1 ounce rounds on
ebay. All have gone at least 15% over spot at the close of the auction. The best I can do locally is about 90% of spot price. So even after taking
ebay and PayPal fees out, I come out better of
ebay.
Actually, on certain specific days, there are a few places I can go (meetings actually) locally and get spot on bullion and melt on coins.
The last round I sold on
ebay went for $41 (plus shipping which I price at my actual cost, including padded envelope, no less, no more). On that $41,
ebay charged me $3.69 and PayPal took $1.55. That left me with $35.76 when spot was $35.40. I'll take that.
At times, there are bidding wars and I get prices I can't believe. Around the middle of February, I had one guy bid $61.00 on a lot of 4 silver halves. Three were very worn
Walking Liberty halves (common dates, maybe G or VG at best), and one was a 1964 Kennedy. I'm still not sure what the guy was smoking.
I have 3 more listed for this week, and I have bids of $37 and $36.22 on two of them (one ends Tuesday night, the other Wednesday night). Silver closed at $35.90 Friday, so both of those are over spot already, and there's always snipes on my auctions in the last hour (often in the last minute).
I have no complaints. I list my stuff there as $0.99 auctions, although I am switching over to $0.02 opening bids (see my avatar). I find low opening bids gets more bidders involved and makes for a much more lively last hour, with higher ending prices.