Author Topic: 0.99 ebay bidding not smart way to sell if you have not wide customer network  (Read 78 times)

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That another 3 pieces .99 bidding from same ebay seller. It end badly again. Those got some white spot on it but worth bullion price. However minus all fees seller get less than current silver spot.





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I have informed many customers and friends which 0.99 ebay bidding not smart way to sell if you have not wide customer network and followers in ebay.

You will not get a good price even the items are highly sought and rare. Why ?

1. Not everyone one check ebay bidding;
2. Some collectors are not really go ebay due to high Middlemen fee to platform;
3. Many go auction house, physical shop & coin shows to look for rare item to ensure authentic by auction house and more traditional platform than ebay that give more assurance and viewing, inspecting, conversations opportunity, meet and great opportunity for networking and other objectives than online ebay platform;
4. Ebay seller who is collectors than Long term ebay seller that have no customer network and followers in ebay which attract Low tariff eventually ended with not desire and undervalue price;
5. Some buyers not trust part time sellers / ebay Sellers because many fake coins been listed even with buyer protection (hassle to return and some unaware of this policy that protect buyer);
6. Bad photo of listing by sellers compare to physical shop, coins show and auction house that can physically view the rare items and also with better professional photo of international auction houses which allow you to get what you see and what you get. This is very important for high value items.      (especially silver that can has white spot and haze);
7. No fix date of every sellers that fix a auction end date in certain day and time like auction house. All ebay sellers can select own date and time to end. This means 24x7 that all days have items will end instead of say every Wednesday 1 pm of every week or months like auction houses with specific category of differences theme of coins and so on.
8. Very hard to ascertain Unknown seller reputation and trustworthy just base on ebay rating. He/she might be a big time collector never been experience in selling only or scammer. A trustworthy big time collector but first time and seldom sell in ebay with high value rare items with little history in ebay might get Low credibility and disadvantages on this.

Here the shit price that in .99 ebay bidding recently by one seller. After minus ebay fee 6% to 10 % , PayPal fee 4 %  , NGC grading fee around 24 including shipping and others ( shipping package and material $2 to $3) that the seller get much lower that current silver spot of usd27.

$41 to $35 ended selling price minus grading fee of 24 which ended with $17 - $11. This yet to factor in ebay and PayPal fee around 12 % That is $5 and $4 respectively. Shipping material of $2. Means the seller get $10 and $4 respectively of the 1 oz silver. This just no sense and no brainer sell.

Even the 10 oz bar 313 after all above fees and expenses might just hit spot or below spot.

It is more smarter to list items with minimum floor price bidding rather than .99 bidding. This is especially true for rare and high value items which sellers are not famous with good followers in ebay.











www.numicconnection.com Here our webpage for all numic & other collectible items.

I am not affiliated to chinessemedals.com and Barsenault since May 2017. You will notice a soap opera and drama are happening.

email andrewlee10@hotmail.com for forum member application. Non-member unable view photo

 

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