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<p>[QUOTE="Hiddendragon, post: 6585871, member: 25270"]The advantage is for a lot of coins there's no other venue to sell them and get anywhere near their fair value. If you're collecting high-grade Morgans or something you will always be able to sell them. But if you're selling francs from the Belgian Congo, how likely are you to find someone who will pay you what they're worth? There are people out there who really want them, but the odds of that being your local dealer or someone you run into are small. Ninety percent of the coins I sell on eBay I purchased from my dealer's foreign junk bins for a few cents each. I know what they're worth and how to sell them, and I have a good idea of what's worth my time and what isn't. But eBay is the only venue where it's possible to do this. </p><p><br /></p><p>Because of the fees though you need to have a high margin between what you paid for them and what you sell them for to make a profit. If I buy a coin for 15 cents and sell it for $2.50 shipped, I can make about a dollar of profit. That's not a lot but if I sell 300 coins a month I made $300. However, if you buy a coin for $8 and sell it on eBay for $10, you're probably not making any money after fees even though it looks like you're making $2. You really need to do the math.[/QUOTE]</p><p><br /></p>
[QUOTE="Hiddendragon, post: 6585871, member: 25270"]The advantage is for a lot of coins there's no other venue to sell them and get anywhere near their fair value. If you're collecting high-grade Morgans or something you will always be able to sell them. But if you're selling francs from the Belgian Congo, how likely are you to find someone who will pay you what they're worth? There are people out there who really want them, but the odds of that being your local dealer or someone you run into are small. Ninety percent of the coins I sell on eBay I purchased from my dealer's foreign junk bins for a few cents each. I know what they're worth and how to sell them, and I have a good idea of what's worth my time and what isn't. But eBay is the only venue where it's possible to do this. Because of the fees though you need to have a high margin between what you paid for them and what you sell them for to make a profit. If I buy a coin for 15 cents and sell it for $2.50 shipped, I can make about a dollar of profit. That's not a lot but if I sell 300 coins a month I made $300. However, if you buy a coin for $8 and sell it on eBay for $10, you're probably not making any money after fees even though it looks like you're making $2. You really need to do the math.[/QUOTE]
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