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<p>[QUOTE=&quot;Vess1, post: 856816, member: 13650&quot;]The idea was good but in practice, I don&#039;t think it happens very often.&nbsp; I would say the majority of stuff on ebay is generally priced appropriately, or too high.&nbsp;&nbsp; When the seller has to lose 10-12% off the sale, plus their time, it&#039;s pretty hard for them to price something for less than what it&#039;s worth and then take a 12% hit off of that.&nbsp; &nbsp; Then when you sell it, YOU get to take the 12% hit.</p><p>&nbsp; </p><p>&nbsp; The only way to make a quick flip is for the original seller to get ripped off because they didn&#039;t know what they had or they missed a die variety or something that&#039;s worth multiples of what it should be.&nbsp; AND, all potential buyers missed it!&nbsp; Even that&#039;s not easy to do because IMO, (despite those who say coin sales are doing poorly because of the economy)&nbsp; it sure doesn&#039;t seem like much gets missed on ebay.&nbsp; Few and far between.&nbsp;&nbsp; Too many people watching.&nbsp; Most times not the wisest people either.&nbsp;&nbsp; </p><p><br /></p><p>&nbsp; I can&#039;t tell you how many times I&#039;ve watched people bid up loose coins, beyond what they could have bought a verified slabbed version for.&nbsp; One was an 1882-CC Morgan in MS.&nbsp;&nbsp; Was it 63 or 64??&nbsp; Couldn&#039;t tell you judging by the pics.&nbsp; It was &#039;probably&#039; MS.&nbsp; But it was bid up as if it were a slabbed 64.&nbsp;&nbsp; Who knows what it really is or if it has any problems?&nbsp; People don&#039;t care.</p><p><br /></p><p>&nbsp; In other words, you have many forces working against you on ebay.&nbsp; I&#039;d rather have a contest to see who can be the first to find $100 worth of stuff metal detecting than attempt this contest.&nbsp;&nbsp; To break even on ebay might be a challenge.&nbsp;&nbsp; I&#039;d be very surprised, if not shocked, if you took $50 and after buying and selling 10 items with the funds, that you&#039;d still have $50 left when you were done.&nbsp; &nbsp; <u>Ebay simply takes too much (from both parties) from every transaction.&nbsp; </u></p><p>&nbsp; I watched a show on ebay once.&nbsp; You probably won&#039;t believe it but they said, worldwide, that Ebay makes on average, around $80,000 per minute.&nbsp; Flipping is buying and selling which means you&#039;re contributing to that figure, coming and going.[/QUOTE]</p><p><br /></p>

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