Came across this beauty tonight: http://www.ebay.com/itm/201867231260?_trksid=p2060353.m1438.l2649&ssPageName=STRK:MEBIDX:IT 5,583 minted 1 of 3 in gem Only 1 freak of nature graded higher in 66+ ex. Eliasberg I wonder how much old Eliasberg paid for this coin back in the day...
They do take paypal... http://stores.ebay.com/Rare-Coin-Wholesalers/Payment.html I wonder how paypal deals with 367k transactions like when this sold: http://www.ebay.com/itm/1802-DRAPED...D&orig_cvip=true&rt=nc&_trksid=p2047675.l2557
Yeah well, I can cancel a check lol. Imagine the fees on that 367k. I mean if I was selling a million dollar coin, or even a 367k dollar coin on ebay, it would be for advertising. If i had a million dollars to spend on a coin, I would call the dealer and go pick it up in person. I mean I would probably have my own jet anyways lol. And the dealer avoids the fees plus it's always easier to negotiate in person. If you have that kind of money, why go through ebay?
Well if they sell that coin on eBay, they certainly won't be paying $157,000.00 for a final value fee. The cap on FV fees for eBay Stores is $250.00.
It's one of the very, very few nice things about eBay and their fees. LOL Of course, I'm sure if you were to sell this at a major auction house, you could negotiate getting part of the buyers premium as well as getting no sellers fees. So you'd still be better off not selling on eBay.
Coins like that they certainly could get part of the buyers, but if that is capped at $250 for eBay there is no way you would be able to get the auction house to take close to that little for selling it. If the auction house could increase the price enough it's possible you would end up netting more, but fee wise it won't get any lower than eBay. The big advantage to the auction house would be not having to deal with potential scammers, though if you have millions of dollars listed on eBay I would assume those sellers get a lot better protection than you or I would selling
I'm pretty sure if you called up Heritage or Stacks Bowers with a $1,000,000.00 coin to auction off, negotiating a no seller's fee would be very easy. After all, they get to advertise a gorgeous coin and attract big buyers who will sit and possibly buy other coins at the auction. They will make quite a bit of money on the buyer's fee as well as the other coins that are sold off on that same auction.
It sold for $57,200 (including the vig) back in 1982. Eliasberg bought it in 1942 as part of the Clapp collection, which he bought for $100,000. The values of individual coins comprising the collection were not broken out.
You would probably get at least 110% of hammer (e.g., coin hammers for $1M, you get $1.1M, buyer pays $1.175M) on that coin with either Heritage or Stacks/Bowers.
As messy mentioned in that case the auction sight it getting 75k in fees. Whether it is a seller fee or a buyer fee it doesn't matter, anything the buyer pays that does not end up in the sellers pocket is a fee on the seller as buyers build that into their bids. Does this mean eBay is the best place to sell million dollar coins, no likely not. But their fees would be the lowest if someone could move one there and was comfortable doing it
I wonder what the eBay bucks be like...Lol a check for 100k be nice Sent from my C6740N using Tapatalk
