on โ20-08-2017 11:35 PM
I sometimes see coin sellers on eBay selling their coins for such cheap prices. A 50 cents coin pulled out of circulation, for example, can be sold at $1.00-$1.50 with free postage. How on earth do these people make a profit when regular post itself costs $1.00, eBay charges final value fees (at 11% now), Paypal takes another cut of the profits, and there's also the coin's face value to take into consideration?
Don't they have to sell a 50 cents coin, for example, at a price of at least $2.50 to break even?
on โ21-08-2017 12:56 AM
Sellers have loss leaders.
So they sell some small items at a loss to lead people into their listings and buy other items.
Some sellers are also building up feedback.
I have sold some banknotes below face value as it pleases people to get items for their collection.
And I enjoy doing good little deeds.
on โ22-08-2017 03:46 PM
Postage for seniors costs 0.60 so if it's a senior person selling and the payments go into a bank account instead of PayPal
then selling a 50c coin for $1.50 will give a profit of 15c lol so there is a profit to be made and if they sell 100 coins say at this price then the profit will be $15 or more depending if combined postage is used.
on โ09-11-2017 07:05 PM
on โ09-11-2017 07:16 PM