buying/selling on ebay under spot

[starkizzle]

This probably isn't the best place for this thread, but I feel like this community may have gone threw this and probably of like mind about it, so any insight is appreciated

So I have started to sell some of my 40% for some extra money sense I got burned on the morgans, I did some pretty extensive bay watching and running the numbers, and saw that most coin lots of 2 or more coins usually went for a little over spot, and even the 40% stuff seemed to work out to around 2.7-3 $ per coin. and nothing seemed to be going for less then spot.

Well I put my stuff up their and after fees ive had some sell for under 2$ a coin! I know that usually its some thing like 10$ product with free Shipping and Handling or 5$ product with 5$ shipping and handling, but the avg on their always seemed in favor at least getting spot from the listings I saw that had ended and running the number, after fees etc.. not seem to be the case with mine tho.

then I thought how come I can never buy below spot like that? granted before shipping and fees its usually well over spot, but ive looked at some single 40% that have sold, and unless the person just put the half in a white envelope with a stamp and mailed it, they would only be getting like 70 cents for the half!! that's crazy! I wouldn't do that lol even tho I only paid 50 cents for it, its worth more then that, but then again its only worth what someone will pay for it.

so do any of you guys buy/sell on ebay? do you get spot? do you buy under spot? and can you just put something in a envelope and mail it? because I cant seem to find that option when selecting shipping... all kinds of expensive shipping options, but what if you can just send it like a letter??


Thanks everyone

 

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[starkizzle]

-Side note-

I just used a 10$ ebay coupon to buy 1$ 90% for 8.80$ haha, not sure if that will make up the hit ive taken on the 40% tho lol

 

[Avago]

$2 a coin is probably more than your LCS or pawn shop will offer. It's still technically a $1.50 profit I guess. Did they sell for $2 a coin or did you receive $2 a coin after fees?

I've been researching myself lately, but haven't listed or bought anything personally. Fees and shipping seem to be the killer on eBay. Both eBay and PayPal take a cut from the auction and then again from shipping if you do it through them. If you don't pass on the cost of shipping to the buyer you'll never make a profit. You can stick one (maybe two) in a white envelope and put a stamp on it, but if the buyer receives it damaged, with postage due, or not at all (stolen, envelope tears open) you will most likely get some very negative feedback.

 

[starkizzle]

The prices i put on this thread are after fees.. and i also revised my craigslist ad and dropped the price alil sense I'm not really exspecting spot really..

 

[Iamrussell]

I have found a couple deals where I got a lot of say 5-8 dimes or 4-5 qtrs for under spot- ill never sell ag on ebay because its very hit and miss and with the fees it just aint worth it- I have locals I can always get above spot (except 40% those go for spot)

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[FormerTeller]

The prices i put on this thread are after fees..

There's your answer. Calculate how much you'll be paying in fees, and adjust your prices accordingly.

Beween paypal and ebay, 15% is what I expect to pay.

 

[starkizzle]

I've been kinda playing with it to see what works, I've put some on the higher end and they just don't sell

 

[lespaul337]

I sell on Ebay ALOT and for junk silver it just isn't worth it.. My LCS will pay 12X face for 90% and 4x face for 40%.. after fees, shipping and all the mess of dealing with ebay, paypal, and the post office. I was barely making another 5% or 10% above that... Just way easier and less hassle to bring it to the LCS that I am going to go to anyway and walk out with cash. The prices on ebay seem quite a bit higher until you factor in the time, work, and fees associated with selling there.

 

[50cent]

All fun and games till you get hit with PayPal fees and you start receiving a nice hunk of Chinese steel going for the price of spot silvR.