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Think I am gonna go and collect NGC * coins now.
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<p>[QUOTE="Lehigh96, post: 1583202, member: 15309"]My E-Bay FVF & Paypal fees run around 9% with S&H another 2% which brings it to about 11%. This is with the majority of my coins listed as BIN or BO and a 20% discount on FVF for being a top rated power seller. But photographing, listing, and packaging & shipping coins is a lot of work, especially if you want to maintain top rated seller status.</p><p><br /></p><p>I don't know what you mean by 35% hit to sales price, you can only consign the coins once. Heritage has a BP (Buyers Premium) of 17.5% and a seller's fee of 5% which equates to 22.5% in transactional costs. However, there are ways to negotiate a better deal with Heritage in order to lower your fees. For example, Legacy clients can get better deals, those with large consignments get better deals, and those who consign their coins through a third party like a trusted dealer can get a better deal. Nothing wrong with paying a dealer 2% in order to get 8-10% back from the auction house.</p><p><br /></p><p>IMO, the correct venue for each coin is dependent upon the coin and its value. Selling coins worth $5K+ on E-Bay is rather silly IMO since most of the buyers at that level purchase their coins from respected dealers and large signature auctions like those by Heritage & Stacks. E-Bay is great for coins worth $50-$1K and I have had moderate success selling coins in the range of $1K-$5K on E-Bay.[/QUOTE]</p><p><br /></p>
[QUOTE="Lehigh96, post: 1583202, member: 15309"]My E-Bay FVF & Paypal fees run around 9% with S&H another 2% which brings it to about 11%. This is with the majority of my coins listed as BIN or BO and a 20% discount on FVF for being a top rated power seller. But photographing, listing, and packaging & shipping coins is a lot of work, especially if you want to maintain top rated seller status. I don't know what you mean by 35% hit to sales price, you can only consign the coins once. Heritage has a BP (Buyers Premium) of 17.5% and a seller's fee of 5% which equates to 22.5% in transactional costs. However, there are ways to negotiate a better deal with Heritage in order to lower your fees. For example, Legacy clients can get better deals, those with large consignments get better deals, and those who consign their coins through a third party like a trusted dealer can get a better deal. Nothing wrong with paying a dealer 2% in order to get 8-10% back from the auction house. IMO, the correct venue for each coin is dependent upon the coin and its value. Selling coins worth $5K+ on E-Bay is rather silly IMO since most of the buyers at that level purchase their coins from respected dealers and large signature auctions like those by Heritage & Stacks. E-Bay is great for coins worth $50-$1K and I have had moderate success selling coins in the range of $1K-$5K on E-Bay.[/QUOTE]
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Think I am gonna go and collect NGC * coins now.
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