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<p>[QUOTE="Publius2, post: 8449111, member: 105571"]I don't sell coins at all, much less on eBay so I am ignorant of eBay costs and fees as a matter of personal knowledge. I will, however, relate this story from my local coin club meeting last Wednesday night:</p><p><br /></p><p>A sophisticated collector put a coin into the local club auction at $150 starting bid. It was his newly-arrived US Mint colorized dollar still in the unopened shipping box. No bids. He told me they were selling on eBay for $200 so I asked then why would he be willing to sell for $150? He said his total of various eBay fees and other costs would total about $30 on a $200 sale so he figured if he could sell a coin he paid the Mint $95 for $150 and avoid the eBay hassle, it was worth it. </p><p><br /></p><p>My point is that his relation of eBay fees and other costs were clearly non-trivial. So, maybe, when we buy on eBay we are paying fees that are simply opaque to us.[/QUOTE]</p><p><br /></p>
[QUOTE="Publius2, post: 8449111, member: 105571"]I don't sell coins at all, much less on eBay so I am ignorant of eBay costs and fees as a matter of personal knowledge. I will, however, relate this story from my local coin club meeting last Wednesday night: A sophisticated collector put a coin into the local club auction at $150 starting bid. It was his newly-arrived US Mint colorized dollar still in the unopened shipping box. No bids. He told me they were selling on eBay for $200 so I asked then why would he be willing to sell for $150? He said his total of various eBay fees and other costs would total about $30 on a $200 sale so he figured if he could sell a coin he paid the Mint $95 for $150 and avoid the eBay hassle, it was worth it. My point is that his relation of eBay fees and other costs were clearly non-trivial. So, maybe, when we buy on eBay we are paying fees that are simply opaque to us.[/QUOTE]
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Heritage Auctions - My First Attempt - With Commentary
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