Ebay sellers, how do you sell a lot of inexpensive coins.

Discussion in 'Coin Chat' started by buddy16cat, Jul 8, 2015.

  1. buddy16cat

    buddy16cat Well-Known Member

    I am just wondering what route you would take if you had like over three rolls of common Indian heads in lower grades G-VF, how would you sell them? I am trying to pick the right option to sell of these Indian heads and Barber dimes. Listing them individually is OK if someone buys several but individual buyers can be problematic at that level. There is always the option of taking them to a show.
     
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  3. rickmp

    rickmp Frequently flatulent.

    Sell them as a lot. It will sell for less than individual coins, but save on shipping costs. Most times resulting in the same net money.
     
    Andrew Snovell, tommyc03 and Amos 811 like this.
  4. green18

    green18 Unknown member Sweet on Commemorative Coins

    Listen to Rick, he knows of what he says.........
     
    tommyc03 and rickmp like this.
  5. Travlntiques

    Travlntiques Well-Known Member

    +1
     
  6. buddy16cat

    buddy16cat Well-Known Member

    True, like if you are selling Barber dimes, some like to pick and choose their coins and buy several but other buyers expect you to spend $3 to ship a coin they bought for a few dollars or try to open a case two days later if you didn't provide tracking and many don't even bother to leave feedback so you are wondering if they are going to open a case for the next month when they are able to.
     
  7. davidh

    davidh soloist gnomic

    Sell as a group, but salt the group with something desirable.
     
  8. buddy16cat

    buddy16cat Well-Known Member

    I know people do that and also don't provide the salt lol. I have had people do that and had an issue with a moderator and Ebay sellers at another forum because I call them on it and they refer to me as a "problem buyer" that should be blocked for doing so. Hmm, he talked about my exceptional feedback, wonder if he had the same? You know when you salt a lot, it sells for more. I got a 1897-O dime with VG details, I gladly paid more the lot.
     
  9. Travlntiques

    Travlntiques Well-Known Member

    It's been my experience that the coin buyers on eBay are an incredibly knowledgable bunch. There are always a few flunky auctions that go for way more than they are worth...and some that go for less. But by and large, if you post good clear photos and explain what is included, you will get what the coins are worth....salted or not....sold individually or not.
    I've done that experiment a few times where I broke up lots to sell them individually and what happened is, even though they sold for more individually, the PayPal, eBay & Postage fees negated any extra profit.
     
  10. Ed23

    Ed23 Active Member

    Sell them by the roll. Be honest in your description and say these are lower grade; even add 'with a few culls' if that is the case. Better to be straight up front than to get negative feedback, that will trail you for the next year, just so you can get a few dollars more. I always look at feedback before I buy from a new dealer.
     
    Naplesjack likes this.
  11. buddy16cat

    buddy16cat Well-Known Member

    It is true, buyers on Ebay are more knowledgeable than what you may think and know what coins are worth. Of course with the Internet, there is so much information on the topic. For instance, I recently bought a type and variety book on Amazon and it wasn't what I thought. Most of the things in the book I already knew.

    As far as my coins are concerned, they are already broken up, the better coins, the lower grade but in good condition, questionable, and truly awful.

    I think as far as breaking up lots to sell individually it depends on what is in the lot and what you paid. Of course if you are going to start keeping them all or not flipping them there goes your profit. You usually do OK if dealers want to buy the coins for what you paid or less.
     
    Last edited: Jul 8, 2015
  12. buddy16cat

    buddy16cat Well-Known Member

    One option is since I already listed them and cancelled my listing is to list individually with a high shipping but combine it. It gives people options to buy what they want but deters the cheap people who think they are making a big sale and demand exceptional packing with tracking for their $3 coin.
     
  13. EasyE418

    EasyE418 Ca$h Money collector

    Thus pretty much sums up coin buyers on eBay...

    I'll remove before Mod sees
     
    Last edited: Jul 9, 2015
  14. Jwt708

    Jwt708 Well-Known Member

  15. Naplesjack

    Naplesjack Member

     
  16. Naplesjack

    Naplesjack Member

    One could group 4 to 6 coins in a small lots and offer for sale. However, strongly suggest you say these are i.e. G or F12 (whatever the case) and emphasize that they are nice but lower grade coins and request any dissatisfied buyer contact you directly to resolve any perceived issues. Negative ratings are "killers" for most buyers scan the feedback of your site before buying.
     
  17. davidh

    davidh soloist gnomic

    You have to be creative about mentioning grades or grading in your listings. Ebay sometimes seems to pick that up and deny the listing unless you show the grading company and the registration number of the coin.
     
  18. Jwt708

    Jwt708 Well-Known Member

  19. buddy16cat

    buddy16cat Well-Known Member

    This is actually a good idea, to break them into small lots. Certainly better than selling them singularly and not as big a risk than selling all at once where you probably need to buy insurance.
     
  20. frech001

    frech001 New but Old

    Some IHC collectors hunt for varieties. If your coins have not been examined for varieties state that in the listing. Sell them by the dozen. Since eBay offers 12 free photos take good pictures (composites like attached).
     

    Attached Files:

  21. buddy16cat

    buddy16cat Well-Known Member

    I was just reading about these snow varieties and no, I have not searched them for Rick Snow varieties. Just the common varieties like 1873 closed or open 3 or if it is an 1864-L. I bought a variety book on Amazon and it wasn't what I thought what it was. I thought it would be better than a new Redbook.
     
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