A math major he isn't...

Discussion in 'US Coins Forum' started by bobbeth87, Nov 18, 2010.

  1. bobbeth87

    bobbeth87 Coin Collector

    ...Check this out, a $1000 box of Prez dollars for a BIN price of $1100.

    Help me out.....isn't there about a 10% fee for a BIN at that price, plus the fee for Paypal?

    Let's see. $1100 minus $110 equals $990.

    Do you think he knows he is loosing money?

    Please tell me if I have the percentages wrong (maybe it is less for this high of a cost), but this cracked me up.

    http://cgi.ebay.com/SEALED-Box-2010...10?pt=Coins_US_Individual&hash=item20b53fb58a
     
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  3. Conder101

    Conder101 Numismatist

    Final Value fees fo a $1100 fixed price sale is $59. Paypal fees are $33. Inserton fee is $0.50. So total fees would be $92.50 he'll make $7.50.........Before shipping costs. :D
     
  4. gbroke

    gbroke Naturally Toned

    I have been trying to sell 71 susan b anthony/sacajawea/ and presidential dolalrs, all BU in littleton cases for $80 on craigslist. No one will buy them! I really dont want to rip them all out and take them to bank, but geez I might have to!
     
  5. rlm's cents

    rlm's cents Numismatist

    My calculator makes that as $6 + $57 + $2 = $65. However, for PayPal;
    So his PayPal fees are either $31.30 or $27.80 from what I can make out of his sales. My guess is that he stands to make $3.70 plus a buck or 2 from shipping.
     
  6. jallengomez

    jallengomez Cessna 152 Jockey

    I honestly think some people don't even stop to think what their final fees are going to be. Out of sight, out of mind I guess.
     
  7. Farstaff

    Farstaff Member

    Yes, I would agree.
     
  8. Justis4All

    Justis4All Seeking the Truth

    makes you stop and think about this a little more right

    jfa
     
  9. bobbeth87

    bobbeth87 Coin Collector

    OK, thanks for the correction........Seems like quite a bother to make $7 or less.
     
  10. quartertapper

    quartertapper Numismatist

    I would have to agree. After buying from many venders on ebay, and trying to figure out how some of them made any money at all, I decided it wasn't worth my time. I'd sooner cut my losses, and save time by trading them in for store credit at the local coin shop.
     
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