I placed some of my coins on ebay and to be honest with y'all I didn't do that hot! Yes some coins sold well except on at least 3 of my walking liberty half dollars I got ripped! I don't know what I did wrong but right now I'm trying to get to the bottom of it so that it doesn't happen me again. Is the whole money making idea flat because of this economy or what? Anyone care to share your style of selling coins successfully on the bay? I've been successful but not with walkers, any tips?
What makes you think you got ripped? Remember... you are the one who set the minimum bid. If you believe that figure was too low, why didn't you set it higher? Alot of circulated walkers sell for melt or slightly less. Sometimes a seller wins... and sometimes they loose. As long as you get paid for the auction, you didn't get "ripped".
I don't have too much luck with Walkers either. I basically just sell junk silver coins for bullion, but the 1964 JFKs always bring in more money for some reason. I hardly ever get a profit from Morgans either. With the ebay fees and shipping costs I always sell coins in lots now.
Don't know anything about them but maybe stop selling walkers or set a minimum price that you can live with. Not trying to be smart, but if they don't sell well then maybe find another market for them and go with what brings you the best profit.
I set the minimum, which is usually what I spent on the coin, and then I cushion the shipping charges to make sure that it covers shipping, and the ebay/paypal fees so I don't end up getting less than what I personally paid.
I find there are only a couple reasons not to get what your coins are worth. Your expectations are too high Your pictures are bad Your feedback is bad Your shipping is too high
I have pretty much stopped listing items as auctions on ebay. All my coins I list as buy it now with best offer option set to forward all offer to me. Cost me a little more but I get a price that I am willing to sell at, without lost. If it does not sell after awhile, I will remove it and place it back in my collection for another time.
As a buyer I love the BIN with a best offer option. Don't have to worry about snipers or shills, it's really like old fashioned haggling; both parties agree on a price that suits them, and there's room for negotioation. Does Ebay charge you more to list a Buy It Now with best offer option?
I'm someone who buys, not sells on eBay, but I can tell you what I look for as a buyer. As someone said, coins with bad photos definitely don't get as many bids. I actually look for these if it's a coin I don't care about the condition on because I'm hoping to get a deal. Anyone who charges more than $2.50 for shipping is unlikely to get my bid, and even that is high in my opinion. Also, have you researched other people selling the same thing? Look at the completed auctions for that item too to get a handle on what other people are getting for that item. Some coins have a billion people selling them at the same time and that is going to mean fewer bids on each item.
I am guessing that demand changes with certain coins. Some coins that use to have a demand for them may no longer be in demand. Some of the coins that did not bring have a demand for them may start to have a demand for them and the winning actions will measure the demand for a particular coin. Maybe the demand for walkers have dropped off and it is showing for a lower than expected winning bid. I have seen that happen with certain silver art bars. The ebay marketplace always determines the value for a particular item.
Yes they do, however to me it worth it since I control my price instead of hoping for a decent bid. Final value fees for fixed price format listings. 12.0% of the initial $50.00, plus 6.0% of the remaining final sale price balance ($50.01 to $1,000.00) Fixed price insertion fee. .50 cent Also I typically provide free shipping which seem to draw more interest. Auction style insertion fee $0.01 - $0.99 Free (up to 100 listings)* $1.00 - $9.99 $0.25 $10.00 - $24.99 $0.50 $25.00 - $49.99 $0.75 $50.00 - $199.99 $1.00 $200.00 or more - $2.00 Auction style final value fee 9.0% of sale price (maximum charge $50.00)
Some things just don't sell well on ebay. Sometimes you will end up on the losing side of bidding because there is just too little demand for what you are selling, plus there is a summer lull usually associated with ebay and the such as people are out and about and not online.
Yeah that's what I've come to find out. I will never sell a walker in open auction again, that's for sure!!
Well, the melt value of a Walker is approxiamtely $6.50; if you try and sell a low grade common date for more than $5.00 with $1.50 shipping you will meet with reisistance. With close to 3,000 true auctions and 10,000 BIN's, there's plenty of supply. Sometimes it's better to gather up all your Walkers and sell them as a single lot.
Shipping Supplies/Fees Got a question about keeping the seller's shipping costs down. I plan on selling the 2008, 2009, 2010 series with a buy it now or best offer listing. Here's what I've come up with so far. Please correct or offer other suggestions if you know a better way. The best prices I could find for shipping materials was on U-Line. (Please feel free to check my math. I made C's in school.) Here are the links: http://www.uline.com/Product/Detail/S-220/Poly-Bags-Reclosable/1-1-2-x-2-2-Mil-Reclosable-Bags Zips @ $0.02/ea http://www.uline.com/Product/Detail/S-224/Padded-Mailers/4-x-8-Jiffy-Padded-Mailers-000 Mailers @ $0.134/ea. I calculated the weight of each mailer to be 0.928 oz/ea The content weight should be minimal. 12 cents in zips taped to a couple of index cards. (Does anyone know of a more 'professional' looking card that wouldn't add too much to the weight?) I'm unable to calculate the postage from the USPS website as I can't find an option for the 'surcharge' they mention for using a mailer. I plan on taking a sample to the post office to check weight and different rates for different postal zones. I'm all eyes and ears now.
