Hi Guys and Gals, I have a ? for you. I have a like 350+ rating on ebay but have never sold a coin. I see some coins go for far cheaper than they should because of seller rating like mine. Would you buy a coin from me if my description matched my photo? or would you rather buy from a verified coin person? THANKS JON
With 350+ positives and little to no negatives i wouldn't think twice about a purchase under $1000. Anything over i would really start looking into you and if there was not enough info in your profile like say other sales over $1000 with positive feedback i would simply pass.
It depends where I draw the line at value vs risk. The risk is greatest when there is no information about the person. With photoshop available to everyone, you could just write your description to fit. Heck, who is to say you even have an actual coin to sell? The whole ad could be bogus. With 350 transaction on the buying end, that helps greatly. All things equal though, the verified coin person will always have an advantage over you for the sale. If all the sellers are in the same position, then the field is level for everyone.
I'm not quite sure what a "verified coin person" is when referring to eBay. There's a lot of major dealers who sell coins on the 'bay, and if you hang around CT long enough, you'll find out who the good guys are. However, there are many part time sellers... and that's where many of the bargains lurk. If you're new to selling, start small. Sell some junk silver (which is hard to mess up, as it usually sells for melt + or - anyway); post good photos, well focused and cropped. Make sure your description is accurate, and offer free shipping. Start your auctions low, with a BIN option if desired. Print your shipping labels through eBay/PayPal (which automatically uploads tracking, and saves you some money on postage) and ship within 24 hours. Your feedback rating is fine... and as you sell more coins, buyer confidence will grow. Then you may start listing higher ticket items, knowing you will, in most cases, receive fair market value.
I have no Negatives or neutrals on my account All Positives ,+ I used to sell rebuilt tractor Magneto's and tractor parts so probably 250 of the feedback are from sales but only buys in the last 2 years or so. Because of health issues. I have a few coins I may want to get rid of one of these days that I feel are better than melt, + 199 Ikes and 25 or so toners I have found roll searching. The thing that worries me is that last year I bought a lot of coins on ebay from a gal below melt because she was into crafts not coins and I got some really nice coins for a good price. I would hate to have mine go below melt just because I have never sold a coin before. It would manly be small ticket under $250.00 for anything I would have to sell and that price would be for a lot not just one item. THANKS FOR THE FEEDBACK GUYS. JON
I don't think it will be an issue. The only conceivable suspicion I might have is that you're selling silver-plated or non-silver junk, rather than actual bullion. On a side note (don't know if you've considered this yet), I would first take all your silver that you're planning to sell to a local coin dealer. You'll probably get slightly below melt for it, but it could possibly save you more time, hassle, and even $$ (ebay/paypal fees are around 12%)
I'd agree with everything besides Morgan and Peace dollars. Even beat up common Morgan's seem to go for way over melt on eBay. I have no problem buying from anyone over 100 rating without negatives. I've had some odd experiences though. Like the guy who scotch taped 10 junk silver dimes together.
If you have some coins worth over $10, you may want to consider taking a few of the coins to a local auction. In my area, they are paying way too much for coins. The folks in the audience seem to loose their minds at an auction. You may find that it pays for the cost of the auction service.
You had to burst my Bubble didnt you?? Ha ha I actually have a gorgeous 1921 pease and I think a 1923S also plus I have a real nice partial toner of a 21 Morgan I do believe these should go for a bit over melt or at least I hope they will I think they would be a nice addition to someones collection.
