True, but many said public companies would also have much higher profits/stocks/numbers when not only do their sellers take all of the financial burden for sales but they also pay the company to do so. In this case this would be a new level of just wow even for them.
Yes, I'm thinking you're right! We'll see, I haven't sold on ebay for quite awhile, which means I better step up or I'll end up having more coins than I ever wanted especially since I bought many to re-sell!
Am I the only one who is confused? How do you accumulate over 2000 feedbacks for only 2 purchases and no sales?
Easy. It means that he's bought or sold more than 2000 things using eBay, but only two coins. I could say a similar thing, although boasting a much lower feedback total, which means that eBay's policy on coin sales doesn't affect my habits much. Interesting discussion, though.
There are many buyer feedbacks in my record. They changed that to letting sellers only do one thing to bad - crooked - obnoxious "buyers". All we can do is block them from our sales.
Thanks, tunnel-vision confined my thinking to all of his eBay activity being in coins. Obviously, I couldn't have been more wrong.
That was one of my thoughts. There've been a lot of coins I've taken to shows, gotten offers on, and thought "wow, they go for a lot more than that on eBay even after fees". If I'm going to move those on eBay, maybe I'd better be doing it sooner rather than later.
I buy coins at shows and sell them for a profit on E-Bay, so I agree with you. This is especially true for mid level (not monster) toned coins which seem to be undervalued at shows.
eBay will be around a long time the 2021 rumor is nonsense (see discussion on Pcgs forum). Covid has shut down shows. Fees from numismatic material a big revenue stream for ebay especially now. I have retailed many coins and banknotes I bought at shows (from my table on the bourse)on the bay. Numismatic Material on eBay dwarfs any coin show.
Hope he’s right. Brett called the “Head of the coin division”...Maybe they should let those that can’t sell coins about the call
Who knows, If they go through with this it may be a blessing in disguise. Up until now no open auction site has really been able to compete effectively against eaby because they are the 800 pound gorilla in the room. Startups couldn't get much in the way of listings because everyone went to ebay because that's where the buyers were. Well it kind of sounds like King Kong is jumping off the Empire State Building. This could open up an opportunity for someone else to start an auction service on ebays model for coins and take up that 4% of $10 Billion. Especially if they actually police the site and work to keep the fakes out.
OK, I went to check some of the Wall Street analyst reports to see what they are saying. THEY are what count. Here's what one analyst said: "Otherwise, despite the anticipated step down in GMV for 2020, we believe the set of catalysts for eBay investors remain the same as pre-COVID-19 – value unlock from a potential Classifieds separation, the rollout of managed payments, as well as a normalization of US GMV growth as the company anniversaries the state sales tax headwinds. We maintain our Outperform rating on: 1) ongoing seller PLA adoption which should raise marketplace take rate at high incremental margins, 2) optionality for payments to add new stream of revenue and FCF, with potential benefit from float to be generated from funds payable, 3) potential conversion benefits from its structured data initiative." OK, so that analyst sees the MPS as being a new stream of revenue. The agreement with PayPal expires July 2020 (2 months), that is why Ebay is trying to get another in-house system in place. It's possible that Ebay's guarantees are biting revenue and profits in the coin/currency arena and they think they can eliminate fraud/make-goods by switching to the MPS. I don't know, since I'm not an Ebay seller and don't understand all the nuances. I can't believe that Ebay wants to lose all the sellers and revenue from legit coin sellers.
Sort of, but what about the lower value and raw coins? Does Great Collections handle those? I don't think so. And great collections is an auction house, you submit your coins to them and they handle the sale, collections, shipping, and settlement. Ebay is direct collector to collector, or collector/dealer to collector with ebay providing a venue and collecting a percentage of the sale. Kind of like a flea market. That's what ebay was in the beginning, just a flea market with ebay taking no part whatsoever in the transaction and the by word was "let the buyer beware" if there was a problem between the buyer and the seller ebay stayed out of it completely. Ebay didn't offer any buyer protection until after they bought Paypal, who DID offer buyer protection.
Whelp, despite assurances Ebay seems to be moving forward with cutting off coin sales. Just read a post at PCGS where they “Ebay” called a seller to break the news. This plus those that have made the switch can’t list coins. Not sure how “if all sellers must switch by whatever date to managed payments, and “if coin sales are not allowed once switched”, how this suggests coin sales are allowed?