Whats Wrong With E-Bay Lately?

I've been doing fairly decent lately, especially on this one. I bought it a few months ago for $55.

http://www.ebay.com/itm/200656356599?ru=http://www.ebay.com:80/sch/i.html%3F_from=R40&_trksid=p4712.m570.l1313&_nkw=200656356599&_sacat=See-All-Categories&_fvi=1&_rdc=1

Modern stuff without real numismatic or precious metal value has usually been harder to push.

ebay is also swamped with garbage since they started handing out free listings. There's tons of people simply phishing and hoping someone will over-pay for junk so they just list crap over and over. This dilutes the legit items by a wide margin. My VC sales have dropped significantly since the free listing change was implemented.

"Im talking about the selling part the buying part is easy on there if you know what youre looking for."

Pretty sure those 2 things are directly related. You said you can buy stuff for the cheap on there, you don't think those sellers are questioning why their item didn't sell for more?
The more people listing items, the cheaper the overall items will be. That's the reason I was able to a get a 99s kennedy pf70 for under $80.
ebay has both equally helped and crushed the collectible market.

I am seeing the same thing with certain coin types. The one thing that is really putting butter on my bread is the demand for circulated Morgans. I've been buying the VF class common dates from a local coin dealer at melt and getting high 30's up to high 40's for them. When you crank in the 12% fees from eBay/PayPal, that still comes to around a 20% NET profit. I just have to force myself to pay back the initial purchase costs and not buy more coins for my personal collection. That's my story Your Honor (in case the wife reads this)..

Agree JackB, flea markets around here seem to be packed lately, but even still I see a lot of empty hands walking around. Just seems lately like everyone expects to get a Lexus for the price of a Hyundai.

I have bought and sold coins on ebay. I don't know if it's the free listing thing or not, but I see almost nothing but sellers offering coins only as "buyitnow" for ridiculous prices. Almost none ever sell and it just clogs up the whole system. Maybe some are trying to recover hefty ebay fees and shipping and whatever else, but it's destroying the site.

I still say there is no reason to sell any modern inexpensive coin slabbed or not on that site. The margins for profit force the seller to take a loss and/or the prospective buyer to get messed up.

I'm tired of going on there and looking for a $5 hole filler and seeing a buyitnow for $18.99 + $4.50 shipping. really? I'm not sure if I've seen a fair deal under $20 on that site in ages.

My own auctions are hit or miss. I've had some where I'm thinking "common, are you kidding me, its worth much more, I'm gonna take a hit here", but I've also had some where I think "stop bidding already you idiots, you guys are already 20% over retail"

Was looking for an item the other day, found 27 listings for said item. Out of those 27 listed, only 2 were listed auction style. The rest were all BIN.