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<p>[QUOTE="chrisbauman, post: 277199, member: 9097"]<b>Thanks for all the helpful answers</b></p><p><br /></p><p>I guess I like the idea of sending them 30 coins and not having to worry about listing them on ebay and shipping 30 different packages, however the one thing that is making me reluctant to go with them is the fees you would incur by bidding on your own auctions if they didn't reach the price you wanted them to achieve. In other words, with ebay I can list a ngc ms 65 coin for $600 with a buy it now for $650 and get a price I would be happy with knowing I will get at least $600 if the coin sells and if no one bids I'm only out the $4 listing fee, whereas with teletrade I would have to pay the 5% buyback or $30 if I needed to bid on my own auction to reach that $600 threshold plus the shipping back to me which looks like it would be $15, so now we are up to $45 for a coin that didn't even sell, it just seems like such of a huge difference between the risk involved in throwing a coin on ebay and only being out $4 as opposed to $45. I guess I'm just lost as to why anyone would sell here with this kind of risk and these kind of fees involved. Furthermore, if the buyer has to pay 12% I would suspect that this $600 coin them becomes a coin that someone would be willing to pay around $535 since with the 12% buyers fee their basis for buying this coin would then be around $600, once again no problem for the buyer (they get a pretty good deal), but as a seller I'm getting only $535 for a coin that I could throw on ebay and get at least $600 and if there is no interest I'm out a lousy $4. I understand that the old timers are traditionalists and it is hard to get them to convert from teletrade to ebay, but with the vast liquidity on ebay I guess I'm having a tough time seeing why I should go with teletrade over ebay. Honestly, I'm not trying to rip them, but I'm just lost as to why anyone would go with them.[/QUOTE]</p><p><br /></p>
[QUOTE="chrisbauman, post: 277199, member: 9097"][b]Thanks for all the helpful answers[/b] I guess I like the idea of sending them 30 coins and not having to worry about listing them on ebay and shipping 30 different packages, however the one thing that is making me reluctant to go with them is the fees you would incur by bidding on your own auctions if they didn't reach the price you wanted them to achieve. In other words, with ebay I can list a ngc ms 65 coin for $600 with a buy it now for $650 and get a price I would be happy with knowing I will get at least $600 if the coin sells and if no one bids I'm only out the $4 listing fee, whereas with teletrade I would have to pay the 5% buyback or $30 if I needed to bid on my own auction to reach that $600 threshold plus the shipping back to me which looks like it would be $15, so now we are up to $45 for a coin that didn't even sell, it just seems like such of a huge difference between the risk involved in throwing a coin on ebay and only being out $4 as opposed to $45. I guess I'm just lost as to why anyone would sell here with this kind of risk and these kind of fees involved. Furthermore, if the buyer has to pay 12% I would suspect that this $600 coin them becomes a coin that someone would be willing to pay around $535 since with the 12% buyers fee their basis for buying this coin would then be around $600, once again no problem for the buyer (they get a pretty good deal), but as a seller I'm getting only $535 for a coin that I could throw on ebay and get at least $600 and if there is no interest I'm out a lousy $4. I understand that the old timers are traditionalists and it is hard to get them to convert from teletrade to ebay, but with the vast liquidity on ebay I guess I'm having a tough time seeing why I should go with teletrade over ebay. Honestly, I'm not trying to rip them, but I'm just lost as to why anyone would go with them.[/QUOTE]
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