Wednesday, May 6, 2009

Ebay Coin Sales

I find it simply amazing that coin sales on eBay, are controlled by eBay completely. The listing fees are not the worst of it. You pay for a 7 day listing. You get 1 free photo, and that's about it. You have to guarantee the coin you are listing is genuine too.
OK....you now sell your coin. You have to accept PayPal(eBay's) as payment method. You have now generated another fee. The seller has to pay a percentage of the winning bid amount. No other method is allowed under eBay rules. Now......the item is paid for. Ebay still has the"final value" fee. This is a percentage of the profit. All done? Nope! It has to get mailed. If you list what it costs to use USPS services, you get a 4 star rating or lower. You almost have to mail for free to get a sale.
If I want to list a few raw dollar coins, I have to start them at $2.50 or more to cover buying them and s/h. Next I will have to add something to cover the final value fee, and s/h. If I want to ad insurance($1.70) I'll never get a sale when the price goes to $4.00+ just to break even.
It's time for a place to do business with collectors, not greedy business entities.
I am hoping this new site will end the woes of the honorable collector.



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