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Message:: [QUOTE="Tropic-Al, post: 1086064, member: 28883"]I got into coins one year ago. Thought I would just collect. However  the fun of buying and selling on ebay is great. Ebay is a wide open market. It is possible to buy on ebay and sell the item right back a few weeks later and make a profit. I keep a very small inventory of coins some 30-50 coins/obsolete paper money etc on my ebay store CoinsIncorporated. I try to make 10% net profit after fees etc I want to flip a coin quickly. However for more valuable issues I price using grey sheet as a guide. My 10% net formula  requires marking up the item 25-30% over cost and starting the auction at that price. 25-30% covers ebays commission, pay pal, listing fee AND SHIPPING COSTS right down to the envelope.  10% may not sound like much but any business would love to have a 10% net on the bottom line.Granted I only do this for fun. Some weeks I sell $300-$400 others nothing. It all depends on who is selling what. SIlver prices have made buting Morgan Dollars cheap all but impossible except for really expensive ones where the spread might be $100-$200 on a $1,000 coin. Ebay may have raise their fees but where else can you have a 24/7 selling platform for as little as $15 a month and overhead of 12-15%?[/QUOTE]