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I just won my first Heritage Coin!
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<p>[QUOTE="Vess1, post: 678909, member: 13650"]Just keep in mind that you paid a 15% buyer's premium to begin with. Whether everyone really does factor that in to their bids is unknown. </p><p><br /></p><p> If you turn around and sell it on ebay, the cheapest add will run you a few dollars to list it. If it sells at $1k, you will incur 36.31 in ebay fees.</p><p><br /></p><p> If you charge $10 for shipping and insurance and the buyer sends you $1010, paypal will take a 3% cut out of that. So you're down another $30.30.</p><p><br /></p><p> So essentially, if you turn around and are able to get $1k for it on ebay, you would end up with a net loss of $23.61 and your time with this venture. Oh, and if you want to get the cash out of an ATM with your paypal debit card, subtract off another $1.50 fee. </p><p><br /></p><p> Dealers buy coins at wholesale and sell them at retrail. To buy coins as a collector at retail and hope to flip them immediately for profit is not an easy thing to do, with rare exceptions.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 678909, member: 13650"]Just keep in mind that you paid a 15% buyer's premium to begin with. Whether everyone really does factor that in to their bids is unknown. If you turn around and sell it on ebay, the cheapest add will run you a few dollars to list it. If it sells at $1k, you will incur 36.31 in ebay fees. If you charge $10 for shipping and insurance and the buyer sends you $1010, paypal will take a 3% cut out of that. So you're down another $30.30. So essentially, if you turn around and are able to get $1k for it on ebay, you would end up with a net loss of $23.61 and your time with this venture. Oh, and if you want to get the cash out of an ATM with your paypal debit card, subtract off another $1.50 fee. Dealers buy coins at wholesale and sell them at retrail. To buy coins as a collector at retail and hope to flip them immediately for profit is not an easy thing to do, with rare exceptions.[/QUOTE]
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I just won my first Heritage Coin!
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