like this http://cgi.ebay.com/Kennedy-Silver-...53?pt=Coins_US_Individual&hash=item27ba7d8555 $10 roll for $356, what does the seller net ?
Ebay takes 9% I believe and paypal takes something like 2 or 3%. The seller would get about 315 dollars from that.
http://pages.ebay.com/help/sell/fees.html 9% of final value for auction style listing 12% of the first $50, 6% of the remainder for fixed value listings (buy it now) These do not include insertion fees (which may be free), paypal fees (which vary), and obviously shipping materials, gas, time, paper, ink etc.
Thanks, that is a bit rough. Why do sellers sell junk silver on ebay with these fees ? I think I would get the same ( 31.5 X) from an honest B&M dealer.
Some don't have access to honest B&M dealers. Some are just really, really bad at math. I'm hoping silver doesn't plummet before the next local coin show. At the last one, competition was fierce. Melt value based on that Friday's close was just over 25x face. There were a couple of folks offering 24.5x face, and one offering 25x; later in the day, the one offering 25x upped it to 26x, which was particularly cool because another dealer was selling small bags of 90% ($10 FV) for 25x face. I've been trying to buy at 20% or more behind melt, although I'll go up to melt for a lot that promises some additional numismatic value. That way, even if I need to sell on eBay, I still break even -- as long as silver doesn't drop, of course. But if I can make it to the July local show, I'm going to be dumping quite a lot there.
I did the math at all different selling amounts. And in the end you give up about $4 on the dollar to ebay. Looks like most 90% has been going for $34-35 on the dollar on ebay. That means you are really getting about 30 or less. Buying makes sense on ebay if you decide what amount on the dollar you want to pay, factor in the shipping and decide not to go over it. I have bid what I wanted to pay on a dozen or more auctions and end up loosing most of them, but when I get one I know I am in the money. Over the last 2 weeks I have been able to pick up over $20 for about 30 on the dollar. Of course if I turned around and sold on ebay I would have just worked to pay ebay's fees.
correction, not "all" amounts, if you go over $1000 sale price you can start to see a return because they max out at about $100 fee. but there is still a % to paypal which you are required to use.
eBay has begun to also add your shipping charges to the final selling price then taking 9%. As a seller, if you are lucky, you might make about 50 cents extra an ounce on .999 items, less on junk. It is not wort the time and effort for most of us to sell there. As a buyer, you need to find a LCS and save a a ton. Buyers are paying on average $7 over spot for .999.
