Reply to Thread

Message:: [QUOTE="ewomack, post: 3429721, member: 15588"]I have sold on Ebay for years and unless an item inspires a bidding war I almost always lose money because they take 10% of the selling price and also charge listing fees (although free listing "deals" do come up often, but these are likely psychologically intended to make it seem like you're coming out ahead). So selling something for $10 on Ebay isn't a tremendous problem because you only lose $1 (discussions of extended profit margins not withstanding). But selling something for $400 means a considerable loss of $40. That can hurt, again, unless your item goes into bidding war mode. I find Ebay best for selling collectables that don't have price guides or prices that one can look up. For instance, I recently sold a small figurine for $175 that I paid $50 for years ago. Turns out that it has demand, but nowhere could one find a "going price" for the item on the internet or in a magazine. Ebay's 10% fee didn't hurt too much there. But I have not listed a coin that I purchased for $400 because one can easily look up and see that it's worth $400, so the chances of getting much more than that don't look too promising, especially with the 10% thrown in. I would just lose money unless someone wanted to bid more than $40 over the known market value. Of course, some people do, but I'd rather find someplace else to sell lower margin items.[/QUOTE]