eBay Seller Fees for Collectables are TOO HIGH

[fortymillioncoins]

Seller fees for Collectibles are way too high. There should not be 3 tiers of fees with collectables in the highest paying tier. It's unfair. In most cases with Coins eBay's profit is twice the seller's profit margin. eBay needs to democratise fees and stop keeping the billionaires rich.

[fortymillion007coins]

You used to sell coins- once upon a time- things have changed mate. Get with it. Also new mint items do not sell at 80% profit- seriously you live in La La Land.

[fortymillion007coins]

I am not auctioning items. Do you go to an auction house to BUY IT NOW- No! Grow up.

[collect247]

I used to win at auction for a cheap price and then resell later down the track for a bigger profit,have a look at how cheap coins are selling at auction.

You purchase from the mint and I get it that your profit margin isn't much but I am still winning coins say for instance you sell a coin at $100 I'm winning the same coin for say $40 yes $40 because there are sellers out their that don't care as long as they make a sale.

I had and have 1000s in stock ready to go when and if I'm going to sell again,I have saved and collected over 20 years and that's why when I sold I made a huge profit.

I've even bought of you many times but only when I saw that your prices were good.

Most of the BIN sellers are selling at high prices so when I win at auction for a fraction of your prices all I think of is how much profit you're making lol or is it just that I'm getting a bargain?

I used to sell to big time sellers and they got a bargain and resold those coins for a larger profit and visa versa.

Buying outright from the mint I agree won't leave you much profit but winning at auction and holding on to those items and then reselling will.

If I knew back more than 20 years ago that I could have made a living from this then I would have held onto a lot more things than I did.

I still know how things go with selling on eBay as I've kept up with the **bleep** that goes on and perhaps one day I'll be back,it's up to eBay on that one.

Perhaps you need to seek out other sources like you used to? or did you finally loose faith in those sellers? and received too many bad coins.

Any way all the best and I will still be buying off you if the price is right.

[collect247]

I can also give you many examples of coins that are in fact selling for 4 to 5 times more than their RRP and I can see that you're selling those coins yourself.

[collect247]

Prices cannot be 'upped' on Recommended Retail until the Royal Australian Mint sells out, and every dealer is in direct competition with the mint.

The above post from you is this correct? I ask because I see something that has just been released by the mint and has it been sold out by the mint? Because dealers are selling it way above the RRP already?

[collect247]

Sorry but I looked at something in your listings and all I can say to you is well done on a particular item and congratulations.

[yeoldecoinco]

So, what are you complaining about?

Many of your listings are for way overpriced, slabbed coins, which you have about a 1,000 per cent margin in.

As for the junk the RAM constantly pumps out, who cares?

It has always had a low margin, always been 20% wholesale at best, with eBay and Paypal taking 11-12%, what is the point?

The reason some dealers buy it, is the hope that some of it will increase in price.

Sometimes it does, more often it does not, as it is just lost in the flood of rubbish coming out of the mint.

Honestly, if you sneeze, they will consider issuing a coin to commemorate it.

The mint is a total rort, always has been. They pay themselves ridiculous salaries, whilst charging $80 for a $22 silver coin, that in most cases, collectors have NO HOPE of ever seeing their money back.

The OLD coins are where the interest AND the money is, however that requires some application of intellect, rather than parroting the latest release from the mint.

11% is cheap compared to auctions or running a shop, if you can't make a quid on those rates, better change what you are selling and mint rubbish is the lowest common denominator..

[digital*ghost]

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@imastawka wrote:

Coins aren't in Collectables for a start.

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Missed this thread earlier, but just wanted to mention that collecable categories on eBay aren't the same as collectable items etc.

For the purposes of fee tiers, beads are defined as a "collectable" category on eBay, as are many others not directly under the actual category of Collectables. 

[yeoldecoinco]

And another thing.

Probably giving away the secrets of the game, but I am at an age where I don't really care anymore..

If you want to deal with mint coinage rubbish, this is how you do it.

Save up some money and attend a Downies or Nobles auction, where you will be able to buy lot after lot of discounted mint rubbish that has been issued over the past 5-10 years at a fraction of the price of buying it from the mint.

As the years go on, people die, get sick, need the money, lose interest, leave it to their children who don't want it, etc etc.

The secondary market is the place to buy and sell mint issued product (junk) NOT the mint itself.

And beleive me, the secondary market is flooded with the junk.

They are not really coins, more commemorative medals, as coins were MEANT TO CIRCULATE and do a job, something that packaged mint junk rarely does.

[*tippy*toes*]

I've bought quite a few colour picture coins, that I got cheap at auction, because the seller started the auction at 99c. I know unless they were given the coins, they would have lost money. I didn't buy them for an investment, I bought them because I liked the picture on it. Same as I bought the Back to the Future coins. I liked them. They were probably way over priced being a gimmack, but I liked them and wanted them. 

People are still trying to cash in on them, but they don't hold the same demand as when they were released 2 years ago. Of course the cheap knock offs are a plenty (the ones "finished" in silver or gold, i.e the fakes) and they are really the only ones selling. A few of the real ones have been sold in the last 2 months, but most of them are knock offs. Some of the sellers have hundreds of listings that are all fakes. I was under the impression that you can't sell fakes on eBay. One has been doing it for years and I know where she got most of her fakes from. She's gone from 1,000 feedback to nearly 24,000 so clearly eBay isn't worried about her selling fake coins.

My investment pieces are the picture coins I bought to do with the Royals. A lot of them, when the Queen checks out should fetch an OK price. I paid very little for them, so it won't be hard to make a profit on them. My main investment coins are my shillings and florins, my hundreds of 1966 50c coins in really good condition, plus my proof decimal currency sets (I'll own them all before I die!). 1966 alone could pay for my whole retirement! I don't buy them new when they are released. I wait until auctions don't fetch such a high price and get them far cheaper than retail. 

If I die before I retire, then my neice and nephew can have them when they turn 21 to sell or do whatever they want. They are 8 and 7, so time for values to increase.

Edited to add: I agree, the OP's prices are ridiculously high. I can understand wanting to make a profit, but a lot of those coins aren't even worth half that, especially the UNC ones. $45 for a 2013 UNC $1 coin? I don't think so! Each to their own I suppose.