Seeling Coins on eBay | Coins & Paper Money

smarty_marty24 · 2023-05-20T15:53:22.988000Z

I've been an eBay coin dealer for 21 years, specializing in foreign coins. Before going on eBay, I only collected (starting about 60 years ago). In my experiences with eBay, I've noticed some trends and made some observations that I'd like to share:1) My annual sales, both in the total number of coins, and total dollar sales, peaked around 2010, and then decreased. For the past few years sales have been flat. I know that the coins I offer for sale are desirable, because I must compete at auctions and shows to buy them.2) I've concluded that the average eBay coin buyer is not very sophisticated. I do make sales in the hundred-dollar range, but most of my sales are between 25 and 100 dollars. What I don't understand is why very interesting and desirable coins are often ignored by eBay buyers. Further, for the majority of coins that I sell there is only a single bidder. I have tried "promoting" certain coins, but that seldom leads to a sale. 3) I wonder if eBay customers are wary of raw coins, and prefer slabbed coins, especially for coins priced between 250 and 1000 dollars. In that price range, I sell about the same number of raw coins as slabbed coins. I would have thought I'd be selling more slabbed coins.4) I'm retired and do not need the Ebay income to live. I do need it to buy more coins to sell or to add to my collection. I enjoy selling coins but am thinking that I'm putting more time into eBay than I should be. Please - any comments or advice? Thank you!

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