Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Accidental Experiment- Disappointing Results
>
Reply to Thread
Message:
<p>[QUOTE="GregH, post: 7806304, member: 75936"]I concur with most of what has been mentioned.</p><p><br /></p><p>eBay is a buyer's market - but as a buyer, you need to know what you're doing (ie how to spot a fake) and have a lot of perseverance as you sift through pages of pure garbage and fakes, until you find a gem. I participate in eBay auctions with last second "sniper" bids, and often land a great coin for a price well below retail. There's lots of people doing this, which should tell you why selling coins on eBay isn't profitable.</p><p><br /></p><p>(Btw Collectors unfamiliar with a particular coin series should avoid eBay. I love Russian roubles, but i can't tell a novodel from the real thing, so I only buy these from full service dealers. I'm much more confident with my knowledge of Roman imperial coins).</p><p><br /></p><p>As for selling coins - i still use eBay to sell coins that I'm upgrading, happy to get a little money back for them. Unless you're a well known dealer, eBay isn't likely to be profitable for you. However, it's just not worth it to consign these coins to Roma or CNG, who charge high photography fees per coin, plus fees to both seller and buyer. You'll probably make more money using eBay. </p><p><br /></p><p>Also, I would not use eBay to sell valuable coins. I'm particularly paranoid about selling to overseas customers, with the risk of the coin being seized by customs, due to the ever-changing cultural property laws. In this scenario, I'll likely lose the coin and the money - as eBay will likely refund the buyer.[/QUOTE]</p><p><br /></p>
[QUOTE="GregH, post: 7806304, member: 75936"]I concur with most of what has been mentioned. eBay is a buyer's market - but as a buyer, you need to know what you're doing (ie how to spot a fake) and have a lot of perseverance as you sift through pages of pure garbage and fakes, until you find a gem. I participate in eBay auctions with last second "sniper" bids, and often land a great coin for a price well below retail. There's lots of people doing this, which should tell you why selling coins on eBay isn't profitable. (Btw Collectors unfamiliar with a particular coin series should avoid eBay. I love Russian roubles, but i can't tell a novodel from the real thing, so I only buy these from full service dealers. I'm much more confident with my knowledge of Roman imperial coins). As for selling coins - i still use eBay to sell coins that I'm upgrading, happy to get a little money back for them. Unless you're a well known dealer, eBay isn't likely to be profitable for you. However, it's just not worth it to consign these coins to Roma or CNG, who charge high photography fees per coin, plus fees to both seller and buyer. You'll probably make more money using eBay. Also, I would not use eBay to sell valuable coins. I'm particularly paranoid about selling to overseas customers, with the risk of the coin being seized by customs, due to the ever-changing cultural property laws. In this scenario, I'll likely lose the coin and the money - as eBay will likely refund the buyer.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Ancient Coins
>
Accidental Experiment- Disappointing Results
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...