What does it cost to sell gold coins on eBay?
I just started selling some coins on ebay. I thought I found a section under their selling fees that eBay charged 7% for coins. After selling my coins, they have charged 10%.
Collecting gold coins is a popular activity among gold afficionado’s, as well as those who are investing in precious metals. Ebay is a great way for interested parties to buy and sell gold coins, but there are a few steps to follow in order to do it successfully.
Step 1: -Gather Your Supplies
Before you start the listing process, you’ll need a few supplies to get you ready for the sale. The first thing you’ll need is the gold coin you plan to sell. You’ll also want to acquire a third-party certification or appraisal to accompany the item. This will give potential buyers an idea of the coin’s worth and will also help to verify its authenticity. Additionally, you’ll need an eBay account and a method of payment that works best for you.
Step 2: -Set Your Prices
The next step is to set an appropriate price for your gold coin. There are many factors you can consider when pricing the item, such as the market value, mint mark, and the coin’s scarcity. To determine an exact price for your gold coin, you can use an online gold coin calculator. Once you have set a price, be sure to keep it consistent and not fluctuate too much.
Step 3: -List Your Gold Coin
Now it’s time to list your gold coin on eBay. Before listing the item, make sure you have a clear, attractive picture of the coin to accompany it in the listing. Provide a detailed description of the item, including its features, mintage year, and any other pertinent information it needs. Once your Ebay listing is complete, your gold coin will be ready for potential buyers to purchase.
Step 4: -Selling Your Gold Coin
Once the listing is complete, potential buyers will start to place bids on your item. You can monitor this activity and accept a bid when you feel comfortable with the offer. The buyer will then be notified and be able to complete the purchase. After that, you can package and carefully ship the gold coin, with tracking included for extra security. Finally, be sure to provide feedback for both the buyer and the seller to document the success of the transaction.
Conclusion:
Selling gold coins on Ebay is easy, but there are a few steps you need to follow in order to get the most out of your sale. Gather the necessary supplies, such as the coin and its certification, before listing the item. Set a reasonable price based on the coins features and market value. Then list the coin with a picture and description of the item. Lastly, finalize the sale and ship the coin with tracking before leaving feedback for the buyer and seller. By following these steps, you’ll be able to successfully sell gold coins on Ebay.