what is the biggest loss you have taken on an ebay coin auction as a seller.

not counting any scammers filing false paypal claims, what is the coin you took the biggest loss on and how much? just trying to make myself feel a little better. please help.

 

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Only $7. It was for a couple of rolls of Canadian pennies. The buyer claims he never received them. I had no proof because I sent them out using the cheapest method (no signature required). A couple of months later, they appeared for sale (at double the price) in the same paper rolls I sent them in. He never answered my emails.

 

Uh oh... looks like someone took a hit. One thing I've learned over the years is that you'll lose some and win some and it's best not to worry about it. Not worth the stress.

 

Ditto.

 

yeah, i just opened my ebay sellers account, so i knew i was in for it, but you have to earn feedback somehow.

 

For me it's not a single coin, but more the cumulative expense. The margins aren't as great as nondealers would have you believe, so the only stuff I sell on eBay is when I want to get rid of something and not worry about the price. Other than that I sell through want lists from customers (most of my business is that way), on our website, and the occasional show that we do. eBay long ago ceased to care about the little guy, especially when selling.

 

do you mean the profit margin for dealers vs. non-dealers? and being in Virgina, you a skins fan?

 

I mean that the general perception among a lot of folks is that dealers make 30% on every coin. It just doesn't happen that way. My sports allegiances I'll keep to myself in the interests of not alienating anybody. Good luck!

 

Never, $0, Zero loss. I don't sell anything in my collection. If I'm happy with the coin, that's all that matters, not the cost or value associated with it.

 

I lost $140 on this Barber Quarter but that is because I paid BU money for an AU coin. In other words I lost the money when I bought it, not when I sold it.

 

Great point. Way too many people don't understand that your purchase decision many times is where you lose the money, not the selling decision.

Its a pretty high end AU IMO. Nice coin. Myself, I would take that coin over most 62's and some 63's any day, but I admit AU is my "sweet spot" in collecting.

 

Comes from inexperience on eBay

 

I would go further. Buying is always where you make your money, not selling. If you paid too much you will never see a profit in any reasonable timeframe.

 

I lost a few hundred bucks on a CB quarter that I bought on a non-ebay auction site thinking it was problem-free. It was actually cleaned harshly. I sold it on ebay and took my licks. Lesson learned and since then I'm much more picky about what I buy. I have also more than made up for that loss, although it still sticks in my craw.

 

About $20 on a coin I bought somewhere else, it developed bronze disease so I quickly ebayed it and after fees and free shipping I lost about $20

But there has been times coins and even other odd stuff I have sold went for more then expected so it evens out now and then.

 

I've done that more than I'd like to admit.....

That's why I still have them....waiting on their value to increase.

 

About $43 on a Morgan dollar beginning of last year. Made me a bit gunshy on the .99c auctions for a while.

 

i havnt lost as a seller on ebay but my wallet lost 90 dollars at the local coin shop last time i was there. lol

 

10 Presidental Dollar NGC Slabs sold for 4.25 a piece in auction... Of course I had $8 a piece in em.