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<p>[QUOTE=&quot;Broseph, post: 1804588, member: 57276&quot;]<b>If you want the main point, and a formula used to NOT lose money on eBay, skip to the bold text below!!</b><img src="http://www.coincommunity.com/forum/images/icon_smile_idea.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /></p><p><br /></p><p><a href="http://www.coincommunity.com/go/f1.asp?target=http://www.ebay.com/itm/NEW-Style-100-Dollar-Bills-10-of-them-in-SEQUENCE-/300988128081?pt=LH_DefaultDomain_0&amp;hash=item46144a5b51" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coincommunity.com/go/f1.asp?target=http://www.ebay.com/itm/NEW-Style-100-Dollar-Bills-10-of-them-in-SEQUENCE-/300988128081?pt=LH_DefaultDomain_0&amp;hash=item46144a5b51" rel="nofollow">http://www.ebay.com/itm/NEW-Style-1...em46144a5b51</a></p><p><br /></p><p>In this sold listing, the seller sold 10 NEW 2009 $100 for $1,130.6 after shipping.</p><p><br /></p><p>(These new bills are very popular)Is that a profit? Or a loss?</p><p><br /></p><p>The Fees involved are:</p><p>10% of selling price + shipping for eBay</p><p>2.9% + $0.30 per transaction</p><p><br /></p><p>The percentages can be written as 0.129. The reciprocal is 0.871.</p><p><br /></p><p>$1,130.6 multiplied by .871 and you get:</p><p><br /></p><p>$984.75 -$0.30 paypal fee</p><p><br /></p><p>If they want to insure the package, shipping will be in the $10 range, give or take.</p><p><br /></p><p>So in the end, about $975. That&#039;s a net loss of $25, without even considering time or gas.</p><p><br /></p><p><br /></p><p><br /></p><p>Why do I make these posts? Because I don&#039;t want fellow numismatists losing money on sales!</p><p>For any sales, not just on new hundreds.</p><p><br /></p><p>Don&#039;t get scammed by eBay! Use my formula to make sure you DON&#039;T get burned!</p><p><br /></p><p>The formula is simple. Take the price of your item. Let&#039;s say a new $100 bill, bought at face value. To break even, you need to add in shipping FIRST. Assume high shipping. Maybe $7 total cost (packing, insurance, etc)</p><p><br /></p><p>Then, take $107 and divide by 0.871.</p><p><br /></p><p>Doing that gives you about $122.85. Then add in the $0.30 flat fee from paypal, = $123.15</p><p><br /></p><p>That is your price to <i><b>break even</b></i> before considering gas. Here I would just round up to $125 for breaking even.</p><p><br /></p><p>I have seen a few $100 bills sell for $135. This means the seller made about $17 for eBay, $7 for USPS, and $10 for themselves.</p><p><br /></p><p>Know what you&#039;re doing so you don&#039;t lose money! eBay is set up to confuse you. eBay fees aren&#039;t taken out right away so it looks like you made more. You get a bill much later.</p><p><br /></p><p>Paypal (owned by eBay) fees are on paypal&#039;s website, but you have to find them and they are actually somewhat hard to find.</p><p><br /></p><p>I&#039;m simply trying to show everyone a simple formula to make sure you don&#039;t get lost in the fees. Not on $100 bill sales, in general.</p><p><br /></p><p><img src="http://www.coincommunity.com/forum/images/icon_smile_idea.gif" class="bbCodeImage wysiwygImage" alt="" unselectable="on" /><b><b>Remember:</b></b></p><p><b><b>Cost of your item + shipping cost = total selling price</b></b></p><p><b><b><br /></b></b></p><p><b><b>Total selling price/0.871 = breaking even</b></b>[/QUOTE]</p><p><br /></p>

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