Couldn't believe the fee....

Aren't you tired of eating at Mickey D's ?

 

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It easily costs me 12% of sales to operate on the Bay. You either have to buy it right or mark it up accordingly.

 

9%...thats a great LOW commission

 

They aren't kosher, but thanks.

 

There is a petition floating around the net asking google to please,please,please create a new auction type marketplace because Feebay is getting out of control !!
Google is our only hope folks. All the other auction sites have very low visibility.
Amazon and ebay have total control, we must submit...for now
My fellow coin collectors/dealers...please sign this petition
It just may be our only hope!

 

eBay is still the best place for both buyers and sellers today. Everywhere I have looked seems to cost more to sell, thusly higher prices for buyers. With the wide exposure they have, I feel the fees are justified. Of course, no one has to use them. I just don't happen to think the alternatives are as good as they are. And with the buyer & seller protections eBay provides, I certainly am willing to pay the commission.

gary

 

A petition ? to whom are these signatures going to be presented ? Sounds like a Signature scam to me. There are a couple of other coin auction outfits out there are the internet, with fee's below EBAY"S . None with the market reach that EBAY has though. I think those who utilize these types of services for the most part are doing so primarily to try to off their problem coins. When I say problem coins, I don't mean that literally entirely . Sellers may have bought high and are trying to recapture costs from a bad buy to begin with. On the other hand, there are those few situations, where one may find a really good deal, because the Seller is in need of money, quickly. Whatever the story, the bottom line is , there is a cost to every transaction. Some you win, and some you loose .

 

You my friend, are very smart, well studied and spot on.

I love eBay, I buy nearly everything that I don't need to put my hands on before paying.

I have sold tens upon tens of thousands of dollars of items that would or could have been landfill, given away or stuffed in a box. Initially, it was disheartening to see all the line items costs that appeared.

I have chatted with a bunch of all different kinds of collectors/hobbyists from every walk of life. It's a really fantastic service with pros that far outweigh the cons from my big picture standpoint. Although everyone should be aware (that doesn't know already) You have to be dedicated and understand that it does take quite a bit of time to learn/build/maintain. eBay is quite an education/study in itself.

 

I disagree - I would pay the same price on both ebay and heritage. Not knocking ebay, but you routinely see people buying on heritage and marking it up 20% or more to sell on ebay. Ebay may have cheaper fees than heritage for sellers, but I think heritage has its advantages.

 

I meant to add ....

On the subject of eBay buying to resell for profit. there are tons of guys doing this. just buy low, sell high... Just enter hundreds upon hundreds of daily bids at a percentage of the value 50-60% and then relist the items won at less than (lower than the competition) with free shipping or some other enticement in a Buy it Now format. this only works for the lower value coins, once you get over a couple of hundred dollars its a waste of time.

ex:

PCGS cert coin value is $100 - bid $60 and don't look back (you will win periodically - $65 to your door) then Take great pics and Re list coin in Buy it now for $95.99 with free shipping until some day it sells. (Net $80) equals about a 20% profit assuming no additional hard or soft costs.

rotsaruck!

 

Every market has its eccentricities. I notice Ebay tends for cheap things to go too high, but truly valuable things can be bargains. I buy some large lots of items outside of average Ebayers price range and do well, as well as things like a group of Cleopatra VII coins that I bought for $75 for 5 of them. Each of these go for that price on other sites. On the other hand, "floor sweepings" ancients that will never be worth anything and have been sorted 10 times at least are sold way to expensively as "uncleaned ancient coins" every day there.

Mark_H, if you can make money buying from one and selling on another more power to you. That is your payment for knowledge. I agree that 10Gary22 generalization is too sweeping, since from the buyer side I buy from Ebay, CNG, and many European firms, depending on what I perceive the best value. Cheap fees do not always work our for sellers, if you sell a rare coin on Ebay for $500 when at a CNG auction you could have received $1000, you would not begrudge CNG's 15-20%.

 

specifics? could you use a real life experience? please?

I try to keep an open mind since so many speak highly of Heritage. I keep looking in, going back, gettin all kinds of email reminders, I've spent time searching, bidding, surfing, browsing ... every time I have found something I am interested in on Heritage, i have always been able to find the same item, cheaper, faster to my doorstep, convenient easy payment terms, coupled with eager seller correspondence begging for kudos on the transaction.

Maybe I lose my patience or I have been brainwashed.. it just seems to me that the "deal"/advantages to time spent ratio, on the Heritage site is non-existent compared to another like eBay.... IMnarrowmindedO of course!

 

You know, eBay may not be the best place for dealers and hard core numismatists to conduct business. But for the more casual collector like myself, it allows me to sell some duplicate items and get money to buy other things I may want or just want to look at. I mean, if I sell some junk Silver like 52 Roosie to a Y/N or someone who wants to fill a hole, then buy some "unsearched Wheaties" where else am I going to go ? eBay creates a great trading house for people like myself, roll searchers and beginners. Although it might not be the best venue for high grade coins and rarities, it definitely serves a great number of collectors. And, honestly, the fees are very reasonable for the amount of viewing you get for your stuff coupled with the huge number of items you can shop.

I pay a commission to my grocery store that I believe is way more than 9% for the priviledge of buying food. 10-12% seems very low for something that is fun. IMHO

 

I agree it fills a hole for the casual collector and seller.

 

I've gradually weened myself off of ScamBay over the last few months. It used to be fun and profitable, but realized I can live without it... It got too big and once it realized they had hooked businesses, (and the private sellers that became dependent on it), greed took over.

 

I used to buy quite a bit on Teletrade, but just moved to California with the military and the almost 10% state tax I now have to pay has stopped me from buying there too.

 

Absolutely ! In california, you pay the tax no matter what !

 

I teach an adult ed class about ebay and the one thing that I tell my students is that ebay is there to make money and that you have to look at shipping and the fees as a cost of doing business.

They are streamlining their fees but nearly 10% can seem steep until you look at a consignment shop which can take 30%.

I've bought anything at a real auction so I was very surprised to learn that not only the seller has to pay a fee which makes sense but that buyer has to pay one as well. That, to me, is the greatest ripoff. Even more than paying $35 a year to belong to Costco. Imagine if you went to Sears and bought a lawn mower for $300 bucks and at checkout the salesman says, "$300 for the mower, $21 for salestax, and the seller's fee for $30." We'd never go back.