Tonight's eBay moon shot...

Some dealers will list a coin like this just for the advertising. It gets folks to look at the other coins they are selling.

 

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If I were selling a coin like that on ebay, I would hope the buyer would try to negotiate a deal outside of ebay to avoid the seller fees.

I guess if I'm ever a billionaire I'll try my luck with this buying approach.

 

The total fees for selling that coin for $240,000 would be $750.Compared to any other auction house I know of, that is dirt cheap. See http://www.fees.ebay.com/feeweb/feecalculator

 

Coin looks a bit rough for PR66, IMO.

 

I think they list it on Ebay as a form of adverting. They hope people see what they have in stock on Ebay, and approach them at a show to discuss a "show discount" price. That is how I would perceive their marketing.

 

For some reason I was thinking the fees were a flat percentage. $750 would be a pretty nice fee!

I guess you learn something new everyday.

 

Think they'll take a post dated check? LOL!

 

I wind up paying 4.8% on the stuff I sell. If you know a place cheaper, let me know.

BTW, their maximum final value fee is $750 and they often have discounts on that. Right now I have an offer for 20% off on all sales over $500.

 

4.8% is really good! Somehow I had a number closer to 20% stuck in my head from somewhere. After playing with that fee calculator for a little bit, it looks like the highest fee you can get is 10%, which isn't bad at all. I stand corrected.

 

And con stores are 6% that you can get a 20% discount on if you are a good boy. Hence why people sell on eBay in stead of Heritage (22%) et al.

 

Looky what I found! This one's even more expensive than the 1827 quarter.

http://m.ebay.com/itm/1802-DRAPED-BUST-H10C-NGC-AU-50-/201384599591?nav=SEARCH

 

But you missed this http://www.ebay.com/itm/1802-DRAPED...308?pt=LH_DefaultDomain_0&hash=item27ec45e99c
And this http://www.ebay.com/itm/1792-BUST-D...677?pt=LH_DefaultDomain_0&hash=item2ee2306795
plus several others.

 

Man I need to step up my game! I should bookmark that seller.

 

I posted that earlier. This seller goes big or goes home.

 

My luck Fed Ex would lose the coin and insurance would only cover a small fraction they would try to get out of paying or the buyer would try to pull something stating I sent them something completely different. Of course if you had such a huge loss and you put it on credit, you can declare bankruptcy on it and a huge hit like that could do that to you.

 

Why buy from them off fleebay when you can goto their website and save a couple of grand or in the case of the op coin $12300

 

You can bid low on ebay and win or not!

 

Sell one at 1.3mm probably pays off for the year...

 

I would feel honored just to hold that $1.3 million coin.