Selling on ebay.

My uncle did the whole life time fee thing with Ebid and so far he hasn't been very successful apparently but hes in different business.

 

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So far, I have sold my books. My wife and I read every afternoon for a bit. I buy from Costco, Borders, Barnes & Nobel, etc. I donated them until I was dropping off a second load 1 day and saw one being used as a doorstop. Now I love books, so that hurt. Every volume I have is pristine. I keep some classics and turn the newer ones over. I can use whatever I make as MY spending money. LOL No questions asked ! And it keeps the bookshelves manageable.

 

For book lovers , I would use Swaptree !
It is so cool to be able to locate someone in your neck of the woods that has an item or a book that they'd be willing to swap for 1 of your books.

Check them out if you haven't already.

http://www.swaptree.com/books/

 

Cool ! What I do generally, is to pre-order the authors we are following, and get them shipped on the release date. But if I can do something different to save money, I am all for it !

Thanks !

 

Sold my first two items...two circulated 1964 silver Roosevelt dimes.The first one sold for 2.75 including shipping!!! The second one sold 15 minutes later for 1.16 including shipping. There are highs and lows here. I got a circulated silver Washington quarter coming up in less than an hour. The bid right now is over four bucks.

Got a question for the ebay veterans. When I watch my items at the last minutes, the seconds don't count down. The other auctions that aren't mine do count down. Is this normal?

 

Does anyone know if it there's a fee to pull a regular auction listing? It's a 7 day auction which has already been up for 5 and there aren't any bids. I screwed up a bit on my listing (the wording). thx

 

Hey Frank the great thing i like about e-bid is it,s a one time fee of
$44.00, That means you can list as much and sell as much as you
Want for free with out the worry of being charged every month for
Your inventory like e-bay does sure e-bid doesnt have the traffic
But there,s no additional fee,s and they dont force you to accept
Pay-pal which is a big plus!

My best advice to your uncle is devise an advertising campaign
To draw people to his e-bid site, Then the rest is simple

 

I do not know if there is an early withdrawal penalty but you can revise the wording of your listing if there are no bids and there is more than 1 day left to the end of the auction. A lot of folks wait til the final hours to start bidding anyway.

 

Pilkenton,

Do you mean the dime sold for 2.75 "plus shipping" or "including shipping" ?

Assuming you did not use any enhanced listing features and you used the zero insertion fee option for true auctions and if the dime was only worth melt , then you did good !

2.75
- .45 postage
------------------
2.35
x .90 after eBay fees
------------------
2.115
x .90 after PayPal fees
------------------
1.9035 net proceeds

 

So far, so good.

I'm on my way to easy street.

 

There's no fee to withdraw a listing. I have done it a couple of times when I made a mistake. Also the seconds don't count down in the "Seller's view" page for some reason or another. I flip back and forth between my eBay and the Item listing and it will refresh the time remaining.

 

Sold a couple things today. Made some profit, not much. Listing an item is a breeze. It's the packaging that takes the most time.

WHEW!!! What a chore.

 

Great ! I got some bids on stuff too. Now I know it will sell, but for how much ?

 

Congrats on the Ebay sales! Even if the profits on some coins aren't big it does help you build your sell feedback for the future.

People moan about the ebay fees. But hey, you're going to do better then selling it to a dealer. And it saves the trouble of trying to hawk it yourself at a show or another collector. I'm willing to fork over 10% instead of losing 50% selling to a dealer.

 

I have to agree with you. On eBay you can sell circulated raw coins for a minor profit. These are coins my local dealer would not be interested in at all. Then some higher end coins like an non-graded 1909-S VDB or 1931-S Buffalo Nickel can generate way more than Redbook in sales price & you only have to fork over 20% to PayPal & eBay combined , whereas a local dealer is only give you 50% to 60% of Redbook. I think auctions are the way to go for now & if I ever do graduate beyond selling circulated US coinage , I will send my stuff to Teletrade or Heritage rather than selling to the dealers in my neighborhood.

Make sure to get your ANA membership. Also get a Reseller's Permit from your State's Department of Revenue so you can avoid paying sales tax on certain types of coinage under certain conditions.

 

It is one way to get rid of stuff you don't want or need any more.

 

So far, so good for me. I just started selling this weekend. I've sold about ten well-circulated coins and have done extremely well so far. I've only lost money on two things, one being a well worn Morgan for 12 bucks, including p&h, but I turned around and sold another well worn Morgan for 26 bucks!!! I sold a circulated 1964 Roosevelt dime for almost six bucks!!!

There's a few things I'm learning as I go. Paypal will take from your personal bank account when you buy, but when you make money, you physically have to transfer your winnings from paypal to your bank account. Also, there is a $500.00 a month limit that you can transfer from paypal to your personal account, unless you give them more information about yourself. I'm glad I read that because I'm recently laid off from my job and I'm using ebay to supplement my income.

It's also a lot of work. First, I decide what I want to sell. Second, I take pictures of the coin. Third, I have to resize the photo on my computer. Fourth, I list it. Fifth, after it's sold, I write the transaction down in a notebook. Sixth, I package the coin. Seventh, I transfer the account information from the notebook to my computer. Eighth, I have to take what I sold to the Post Office. Ninth, I have to wait three to four days for the money to get transferred from paypal to my bank account.

Whew!!! I never worked so hard in my life. I have to get my wife to help me. I'm just a rookie, so I don't know what else I have to look forward to.

 

If you are going to do this for supplemental income on an ongoing basis ,you may want to use coin cataloging software instead of just hand logging your transaction/inventory. There have been a few recent threads here on CT with free to low cost software. Become a miser when it comes to this coin selling business ( in a good way ). Save AND Scan all of your receipts for tape , staples , baggies , bubble wrap and so on for potential tax purposes. If you haven't done so already , take advantage of the free flat rate priority mail shipping supplies you can order right from eBay.

I am offering you all this advice and I am brand spankin new to selling also LOL.

 

My advice to save a few cents is to purchase your shipping labels with postage through Paypay directly with USPS. Save 14% just tape the label to the package without covering the bar code. Get some Kraft bubble mailers and send First Class Postage for items less than 13 oz. I paid $1.44 to ship a Franklin because I mis-marked the envelope size. I could have shipped for $0.88, But it didn't seem worth the effort to cancel and reprint new postage at the time. You can even request Postal Pick Up at your door, when you do the postage on line and save the trip.

I got a 1000 gram (35,8 oz) scale from an eBay seller for less than $8, free shipping. That will weigh your not only coins but your packaging for correct postage purchase.

Only sold a few items, but it has been fun. I have heard that eBay may send 1099 forms for tax purposes next year, so keep good records.

 

1099,s to the government! Well now ive heard everything it,s hard enough
Making money on sleez bay now they want to tax you to