When I sold my collection of French coins, for example, many of them went home to France. To attract the attention of more buyers, you add the Bold listing upgrade. Coins & Paper Money > Bullion: First 250 listings free per month, then $0.35 per listing: 7% if total amount of the sale is over $7,500 (calculated per item) . I do not know much about coins but do have a few that are with error or different, how do I know if they are worth something? So is it worth paying the difference? If your registered address is in Australia, you pay an international sales fee when: This fee is calculated as 1.1% (incl. eBay is often described as an auction site, but most items sell at fixed prices. There are sellers that will sell coins so cheap that some coins it is not worth selling after fees and postage. Read more about, 13.25% on total amount of the sale up to $7,500 calculated per item, 2.35% on the portion of the sale over $7,500, 14.95% on total amount of the sale up to $7,500 calculated per item, 13.25% if total amount of the sale is $7,500 or less, calculated per item, 7% if total amount of the sale is over $7,500, calculated per item, 15% if total amount of the sale is $2,000 or less, calculated per item, 9% if total amount of the sale is over $2,000, calculated per item, 15% if total amount of the sale is $5,000 or less, calculated per item, 9% if total amount of the sale is over $5,000, calculated per item, 15% on total amount of the sale up to $1,000 calculated per item, 6.5% on the portion of the sale over $1,000 up to $7,500 calculated per item, 3% on the portion of the sale over $7,500, 3% on total amount of the sale up to $15,000 calculated per item, 0.5% on the portion of the sale over $15,000, 6.35% on total amount of the sale up to $7,500 calculated per item, 8% if total amount of the sale is $150 or more. If eBay converts your funds, the conversion will be completed at the transaction exchange rate we set for the relevant currency exchange. As a seller, you get an email advising you of the sale, print the label, and drop the package in the mail. You can set the ad rate anywhere between 1% to 20% with an increment of 0.1%. In some states, sales tax does not include shipping & handling charges. Subscriptions and fees. Before you begin, identify and grade the coins to find out their approximate value. Selling fees We charge two main types of selling fees: an insertion fee when you create a listing, and a final value fee when your item sells. For more information on PayPal fees, check out the PayPal website. PayPal takes 3.4% + $0.49 for domestic sales and 4.99% + a fixed fee based on the currency for international transactions. This article was co-authored by wikiHow Staff. CoinWeek does not buy or sell coins or numismatic material and No endorsement or affiliation to or from CoinWeek.com is made. International Selling. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. Real Estate listings can be auction-style, fixed price, or in the Classified Ad format. Replacement Parts & Tools Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. Crossover grades cost a % of value while simple submissions do not. Fee amounts are based on the terms in effect when the listing goes live and when it renews. You may be charged final value fees if you violate our policy of buying or selling outside of eBay, or we may apply additional final value fees if you are not meeting our performance expectations. Fees are different for Store subscribers and for selling vehicles. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); This site uses Akismet to reduce spam. Reserve price in select Business & Industrial categories: International site visibility for auction-style listings, International site visibility for fixed price listings. If you own a store, costs will vary based on your listed item category. You can use the Classified Ad format in the following categories: You can also use Classified Ads for selling Real Estate, but the fees are different see below for more information. We Quote Our Buyback Partner will make an offer and lock in the price when you accept. Check out the eBay website to understand the requirements. However, we dabble in just about anything that catches our eye. 1, 3, 5, 7, or 10-day listing (1 and 3-day auction-style listings cost an additional $1). The base exchange rate reflects rates within the wholesale currency markets applicable to the currency pairing on the day of the conversion, or the prior business day. Final value fee increase in most categories Starting on March 1, 2022, final value fees for Store sellers will increase 0.3% in most categories. Add to that the fact that most buyers will want to pay with Paypal-which of course also takes it cut-and the costs just seem to be stacking up. US eBayUS PayPalUS AmazonUS EtsyUS Cash AppUS SquareUS CopartUS StripeUS DepopUS ReverbUS eBay Motors, UK eBayUK PayPalUK AmazonUK EtsyUK DepopUK CopartUK Stripe. eBay Managed Payments fees are 2.7% + $0.25 of the total selling price. Pack the envelope as much as you can to prevent the coin from moving. Most of these apply whether you sell coins or anything else. Alternatively, go to. If you dont get a notification after a few days, contact the buyer to discuss payment. At $2/card fee, it seems like any card over $12 saves you compared to eBay fees (.30 + 13% = ~$1.60 in fees for a $10 sale PLUS shipping if it has free shipping). Sometimes coins get less attention than you expect, and sometimes a fierce bidding war drives the price up more than you expect. To attract the attention of more buyers, you add the Bold listing upgrade. If you open a construction company or a law practice or a restaurant, you will have occasional customer issues. If exchange rates are set by law or regulation, the base exchange rate reflects the government reference rates. Yes. Auctions are useful since you can set the price low and watch people bid it back up. Insertion fees for Classified Ads are $9.95 for a 30-day listing and there are no final value fees. If your registered address is in the US, we charge an International fee if either: This fee is calculated as 1.65% of the total amount of the sale and is automatically deducted from your sales. No matter which format you choose, there are some rules you should be aware of, so please take a moment to read our Real estate policy. It varies depending on the category of the item and your store type. Advantages of selling on eBay. For international transaction, PayPal charge 4.99% + $0.49. The maximum fee cap is $250. The answer was time. The total amount of the sale includes the item price, any handling charges, the shipping service the buyer selects, sales tax, and any other applicable fees. So, if you, Charged for the original listing and each time you choose to relist your item, Charged per listing if you create duplicate auction-style listings for identical items. 1. Variable fee - Non-fungible tokens (NFTs) category. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. This fee is calculated before eBay fees. Then, print the label at home through your eBay account. Sales tax is collected on top of your sold price and will not affect your profit. Learn more about the upcoming changes in our Winter Seller Update. The final value fee is calculated as a percentage of the total sale amount per item (item price + postage and handling charges), plus a fixed charge of $0.33 per order. People may hesitate to check out fixed price listings. How to choose an eBay Store package. We have always done a . I advise them to start selling only after they become familiar with the platform through buying. But maximum fee caps do not apply to the additional final value fees charged to eBay sellers who dont meet eBays performance expectations. Each listing package offers different levels of bundled features for a set fee. Creating an accurate and quality eBay listing for your coins will help you build a good reputation and realize top-dollar for your coins. For other eBay sellers (Basic, Premium, Anchor, and Enterprise store), the final value fee is 2.5-14.95% depending on the item category. Always check out a coins value before choosing to list it on eBay. Yes, GC and other firms are fine for the coins that count, but countless other stuff ebay is the place to move it. At some point, you may sell enough to justify paying for an eBay store. So be patient . Insurance is great in case of an emergency that could lead to a returned product. If your items are relisted automatically, you'll be charged insertion and optional listing upgrade fees each time your item is relisted. As a compromise, you can list an item as Or Best Offer, in which a buyer can pay the asking price or make an offer for the seller to accept or decline. Sometimes the Top Rated Seller discount comes off at the end of the month when you receive your eBay invoice. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. eBay managed payments If you're in China, Hong Kong, Indonesia, Israel, Japan, Macau, Malaysia, Philippines, Singapore, Taiwan, Thailand, or Vietnam and your item isn't located in the US, the total amount of the sale is always calculated based on the shipping option your buyer chooses. The final value fee for an auction that ends at $7000 would be $250 regardless of the category and regardless of how many items were included as a lot in that auction. In exchange for a monthly payment, you receive lower fees and other benefits. That update can be found on the Payments board and can be also be viewed here. Then, take steps to post a quality listing, such as by taking pictures of each coin and describing its condition. References. . We have a strong background in stamps, coins, sports cards and hallmark/precious moments. Since you aren't charging the buyer for shipping or any other costs, $424 is the total amount of the sale (includes 6% sales tax). This fee is calculated as a percentage of the total amount of the sale, plus $0.30 per order. We charge two main types of selling fees: an insertion fee when you create a listing, and a final value fee when your item sells. Most shipping companies offer insurance for coins. This could be because your price is too high, nobody saw the listing, or a number of other reasons. eBay customers use the same accounts for buying and selling. The payment options display on each listing you post. If your registered address is not in the US, please refer to the fee page for your country or region of residence for your seller currency conversion charge information. Free shipping for many products! You can enhance your listings to help make them stand out by adding certain features, such as a subtitle, or bold font. Fees of 10%-15% are claimed on average, according to many quotes. You could also charge a little extra for your coins to cover the shipping fee. You've already used your allocation of zero insertion fee listings this month. Scams happen, so take precautions to protect yourself from them. Ive always wondered about that Global Shipping Program. Otherwise, we charge a notice fee, whether or not you carry out the sale with the buyer. You Snap Take a photo and write a short description of your item, then email our Buyback Partner using the pre-populated email form. Fee amounts are based on the terms in effect when the listing goes live and when it renews. eBay provides a good way to sell your low-value material that dealers dont want. Final value fee. Find out more about the final value fee. Follow. There are plenty of reasons not to sell on eBay. Tip My wife and I have been a collector of "stuff" for years and used to have my own brick and mortar collectible shop. If youve been buying for years and have a feedback score of 200, for example, you will look to buyers the same as an experienced seller. For vehicles, see our Motors fees. You can choose your ad rate, which will determine the fee charged. Learn more about how zero insertion fee listings work, including the terms and exclusions for those listings. Transitioned to online in the late 1990s and have been buying selling on eBay for more than 22 years. Each listing package offers different levels of bundled features for a set fee. Charged whether or not your item sells. You may be charged final value fees if you violate our policy of buying or selling outside of eBay, or we may apply additional final value fees if you are not meeting our performance expectations. Most categories, including Music > Vinyl Records and eBay Motors > Parts & Accessories, Automotive Tools & Supplies, and Safety & Security Accessories. Whether you collect coins or have inherited some, eBay is a straightforward way to exchange them for cash. Learn more Payments and earnings eBay is managing payments so that sellers have one place to sell and get paid, and buyers have more options to pay with. They went home through the Global Shipping Program. Thanks to all authors for creating a page that has been read 47,273 times. For auction style listings the fee depends on the start price: 5p for start price less than 5. Select Clothing, Shoes & Accessories categories: Free if starting price is $150 or more* - See: Notes for Basic fees. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. If you list an item on another eBay site (for example, eBay.com.au or eBay.co.uk), the fees for that site will apply, Seller fees don't purchase exclusive rights to web pages on eBay. The fees and benefits vary depending on the type of Store subscription you choose. Spending an hour to earn $100 is definitely worth your time and spending an hour to earn $2 is definitely not. When people ask me for advice on getting started in eBay sales, the first question I ask is whether they buy on eBay. Gallery Plus You can add up to 24 photos with zoom and enlarge, as well as schedule your listings to start and end at a future date and time, free of charge. Top-rated sellers get a 10% discount on the fees listed in the table. For more information and eligibility requirements, please refer to this page. "It's expensive to sell on eBay". For a monthly subscription, you can run your own eBay Store. Beginning April 1, 2023, we'll be making changes to some of our fees. Fees are different for Store subscribers and for selling vehicles. If you choose to link your PayPal account, you must click Continue to PayPal to login to your account and follow the on-screen instructions to link the payment account with eBay. If you are found responsible for a disputed amount as per eBay policies (e.g., chargeback), we charge a $20.00 dispute fee, excluding sales tax, for each dispute. Fees for Real Estate listings include an insertion fee, a notice fee, and fees for any optional listing upgrades you choose. We use cookies to make wikiHow great. Charged whether or not your item sells. If you list an item on another eBay site (for example, eBay.com.au or eBay.co.uk), the fees for that site will apply, Seller fees don't purchase exclusive rights to web pages on eBay. Here are some of its advantages: eBay is an easy-to-use platform. Make sure they plan on paying before you mail them anything. plus. Most people I meet in real life are courteous and reasonable, so it makes sense that the people you meet on eBay, especially fellow coin people, are usually the same way. We'll indicate which listings are subject to additional fees on your Account Summary - opens in new window or tab. The higher of the two final value fees is charged, if your item sells, Reserve price You can therefore evaluate the profitability of your sales on eBay . Do you have an eBay Store or want to sell vehicles? The $0.30 per order is not charged, 13.25% if total amount of the sale is less than $150, Building Materials & Supplies > Modular & Pre-Fabricated Buildings, No bids meet your reserve price, if you added one, Your item is listed in the Classified Ad format, $1.50 Classified Ads and Real Estate listings, If your account doesn't meet our minimum seller performance standards for the US in the evaluation on the 20th of the month, you'll be charged an additional 6% on the final value fees applicable to sales in the following calendar month. For most casual sellers, it's free to list on eBay. If you had it professionally graded, list that as well to add more authenticity to the description. The maximum fee caps do not apply to the additional final value fees charged to sellers who dont meet eBays performance expectations. We may, in our sole discretion and without consent from or payment to sellers, display third-party advertisements (including links and references thereto) and listings from other sellers on any eBay page, Depending on the tax legislation of your country of residency, local Value Added Tax (VAT), Goods and Services Tax (GST) or similar consumption tax might apply in addition to your eBay fees. wikiHow's Content Management Team carefully monitors the work from our editorial staff to ensure that each article is backed by trusted research and meets our high quality standards. Cheaper than ebay with PayPal which would be 12.9% and 9.05%. Most sellers, however, set fixed prices for their items and wait for buyers willing to pay these amounts. After you've used your zero insertion fee allowance, insertion fees are: Good 'Til Cancelled listings are fixed price listings that renew automatically once per calendar month. PayPal, for example, charges a fee of 2.9% plus $0.30 on the final selling price. You make $343.17, or approximately 86% of the sale price, not including shipping costs. To understand the coin market, you need to both buy and occasionally sell coins. I didnt know all of this and learned something; so maybe it was written for people like me. If you list more than 250 items per month, you'll start paying a $0.35 insertion fee per listing. The fees for these optional listing upgrades vary depending on your item's price and the listing format and duration. Question: If one wants to submit a coin to PCGS, and the coin is already in ICG or another no-name holder, is it better to leave it in the holder and submit for a crossover grade, or remove the coin and submit it in a SAFLIP. Insertion fees for Classified Ads are $9.95 for a 30-day listing and there are no final value fees. You select a starting price of $199, with a Buy It Now price of $400, and you offer free shipping. For more information, refer to eBay Managed Payments for store subscribers. You can also avoid a trip to the post office to drop off many packages. eBays detractors bring up the rare but possible scenarios in which buyers claim they never received packages (although postal service tracking mitigates against this) or manipulate returns and refunds. One of the lesser-known benefits is a $25 credit each three months on eBay-branded shipping supplies such as boxes, envelopes, and tape. Category exclusions apply. Eventually, these limits go away and you receive payment as soon as the buyer pays. do I send the coin to be graded before I tried of selling it or do I just put it on ebay for sell ? Common coins often are not worth selling online due to the fees. You make $8,441.20, or approximately 89% of the sale price, not including shipping costs. An order is defined as any number of items purchased by the same buyer at checkout with the same shipping method. Links to our international fees pages: Australia - opens in new window or tab | United Kingdom - opens in new window or tab | Canada - opens in new window or tab | Germany - opens in new window or tab | Spain - opens in new window or tab | France - opens in new window or tab | Italy - opens in new window or tab | Ireland - opens in new window or tab | Belgium (Dutch) - opens in new window or tab | Belgium (French) - opens in new window or tab | Austria - opens in new window or tab | Switzerland - opens in new window or tab | Netherlands - opens in new window or tab | Poland - opens in new window or tab | Greater China region - opens in new window or tab | All other countries - opens in new window or tab. Please read the Selling fees for eBay sellers article. Selling fees We charge two main types of selling fees: an insertion fee when you create a listing, and a final value fee when your item sells. Take clear pictures in decent lighting. Applies to all transactions, in addition to fees below. The ad rate is calculated based on the percentage of an items final sale price, excluding postage, the total sale amount (including postage charged and tax). First 250 listings free per month, then $0.35 per listing, Music (except VinylRecordsand Music NFTs categories), Clothing, Shoes & Accessories > Women > Women's Bags & Handbags, Jewelry & Watches (except Watches, Parts & Accessories), Jewelry & Watches > Watches, Parts & Accessories, Sports Mem, Cards & Fan Shop > Sports Trading Cards > Sport Trading Card NFTs, Toys & Hobbies > Collectible Card Games > CCG NFTs, Musical Instruments & Gear > Guitars & Basses. The fees for selling a vehicle on eBay Motors are different from the fees for selling items in other categories. 12.35% with no store. I believe if this were to happen, and coins were not allowed to be sold there, I would just pull the plug, close the shop, and retire. To save money on shipping material, purchase envelopes and bubble wrap from shipping or office supply stores. For more information on PayPal fees, check out the PayPal website. We charge an insertion fee and applicable optional listing upgrade fees when you list your item for the first time, and each time it renews. Between researching, pricing, photographing, listing, and shipping, a typical sale takes 45 to 60 minutes. In the table below, you'll find the basic fees for items listed in most categories and the number of zero insertion fee listings you'll get each month. Our trained team of editors and researchers validate articles for accuracy and comprehensiveness. There are 13 references cited in this article, which can be found at the bottom of the page. The closing fee depends on how much your coins sell for. 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In stamps, coins, sports cards and hallmark/precious moments coin market, you can your. Or anything else to check out the eBay website to understand the requirements of this and something..., print the label at home through your eBay invoice shipping fee listings to help make them stand out adding! In select Business & Industrial categories: international site visibility for fixed price listings description of your price. For any optional listing upgrade when people ask me for advice on getting started eBay. Are set by law or regulation, the base exchange rate we for... A trip to the additional final value fees up more than you expect, shipping. Is an easy-to-use platform whether you sell coins or numismatic material and no endorsement or affiliation to or CoinWeek.com. Or tab you sell coins so cheap that some coins it is worth. Exchange rates are set by law or regulation, the base exchange rate reflects the reference! 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