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<p>[QUOTE=&quot;princeofwaldo, post: 2026496, member: 24091&quot;]All goes back to changes eBay made in their fee structure over the past decade.&nbsp; At one time, it was very inexpensive to list a coin at 99 cents and then pay only 1 or 2 percent on the final winning auction bid in a &quot;no reserve&quot; auction.&nbsp; For anyone wanting to list a coin with a high starting price or reserve, eBay charged a huge fee upfront even if the item didn&#039;t sell.&nbsp; They (eBay) did offer free re-listing if it didn&#039;t sell, but it still was not price competitive with listing a coin at a dollar and letting the market decide what the item was worth.&nbsp; This was particularly true of more scarce items where a market price might not be well established.&nbsp; In those cases, coins often sold for multiples of what they were really worth.&nbsp; It was this very phenomenon that attracted so many sellers to eBay to begin with.</p><p><br /></p><p>The arrangement was vastly superior to what we have today, where it now costs nothing to list an item in Buy-It-Now for some outrageous price, and it costs almost nothing to continue having it listed that way.&nbsp; Instead of a wide assortment of coins starting cheaply and eventually selling for whatever the market will support, we now have permanent listings of coins that will NEVER sell for the listed price.&nbsp; This tendency has been made even more prevalent by the increases in commission fees on auction-sold items, where it now costs 13% in combined fees between eBay and Pay-Pal to complete an auction for the seller.</p><p><br /></p><p>eBay was vastly superior 10 years ago compared to what it is today.&nbsp; As more and more traditional auction companies gear-up to handle liquidations with lower fees and more promotion of specific collections, you can expect eBay to fade into irrelevance.&nbsp; It&#039;s a gradual evolution of sorts, and most of these coins are never going to end-up at Heritage, but there are so many other competent auctioneers in this niche that more closely resemble what eBay once was, that it can safely be said surfing the eBay listings is quickly becoming a complete waste of time.[/QUOTE]</p><p><br /></p>

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