A fee-free ebay like auction site

[Coppertop]

It gets a bit technical, there are PCGS submission fees and long turnarounds, their minimum for submissions is like a grouping of $1k, so with they get mostly very slabbable coins which would be worth the fees, but as far as being unwanted, I guess its a gamble you pay with any TPG with submissions.

But thats why I was suggesting with what Tele does for the seller, getting in a slab and doing all of the work, and the small 4% they charge over what Ebay charges you nearly triple? or whatever after paypal, and you still do all of the leg work , including getting in into a slab if thats the case. That means PCGS membership, attrib fees, registered mail there and back,then selling it on ebay in your slab...Tele, to me is quite the bargain if you have the capital and time

[seal006]

Mark, I am just trying to understand Teletrade better. I have considered try to sell some coins through them. I have seen a bunch of coins that do not sell on Teletrade, thus the word "unwanted". So you have to send Teletrade coins that amount to what they feel would bring $1000? If yo have 20 coins with a valuation of $50 each with no buy back you would only be out $25? That would only be about $1.20 to get your unwanted coins slabbed. But a buy back of $50 per coin would mean you would pay $5 per coin or $100 for all 20 plus $25 return fee? That is $125 minimum to get your coins back. Wow, that seems a bit high to no make a sale. But again, you would get back 20 slabbed coins, even though no one wanted them.

[seal006]

Let's look at the recent RDV-006 that went up for sale. Auction 3347 - Sunday, September 16, 2012 Lot 1168. The opening was $320 which I assume was the seller's buy back price because it never went above that and showed no bids. It does not state that the item did not sell. I am assuming that is because it had a buy back bid. This seller must now pay $16 plus $15 return fee for a total of $31, but the coin is now slabbed. Would it not have been cheaper to have that coin slabbed by ANACS yourself and hocked it on eBay with millions more potential buyers? Even if it did not meet you reserve set on eBay, wouldn't it ultimately cost you less on eBay? I think this is a coin that there would be a great market on eBay. A market of buyers that would buy this item for $320 or even more because there is no buyer's premium.

[seal006]

I used to buy from Teletrade years ago. "Back in the day", as my boys would say. Back then it was baseball cards not coins. Back then you received there lot list by mail. There were no photos, just numbers and descriptions. Not all cards were graded. Back then you called there automated system by PHONE. This is why they were called Teletrade. I got some great deals on cards I used to resale at shows. Back then I was doing shows about 2 a month on average. There was a buyer's premium, I think it was like 10% back then. I am not opposed to Teletrade or any of the other auction services. I just feel that with the invention of eBay, the playing field has changed. All of these services cost money to sell your wares. Ebay is by far the most visible and controls the lion's share of the market. To me, the fees associated with eBay are just the costs of doing business. I really do not use them primarily as a selling tool. I use them as a marketing and advertising tool. I promote my website with every sale I make. This is direct marketing at it's finest. I am able to turn folks to my website who just purchased from me on eBay. They are my target audience. They are buyer's already. So the small fees I pay reaps bigger rewards in sales on my website than any high dollar advertising campaign ever could. Learn to use everything that is available. Learn what works best for you. It is all about how you can take advantage of the services these companies provide.

[Coppertop]

I have some big winners that need to go and I've run thru scenarios myself that gave me headaches. Not forgetting ANACs charges more dealing direct, and member fees, shipping fees, variables of how to send it, and if they grade it differently since your independent.

I'm thinking of waiting for the Baltimore show in 2months and just submitting in hand for grade and then maybe to teletrade. I have a bunch of FS#s that have a history of doing better there than the bay, although it does seem far easier if you have it in a slab already and want to post it up for a ridiculous price and roll the dice for free. But there are ups and downs to everything. The whole get tele to slab it and buy back game can be problematic but like anything there has to be a good system with it that some have perfected to a T I imagine sir.

Ebay is great, I just think for what I have to do, and what they do, they charge too much. Companies like Coin Collecting Enterprises grab customer base there but do most of their sales offline because of their obnoxious fees.

[seal006]

I have some big winners that need to go and I've run thru scenarios myself that gave me headaches. Not forgetting ANACs charges more dealing direct, and member fees, shipping fees, variables of how to send it, and if they grade it differently since your independent.

I'm thinking of waiting for the Baltimore show in 2months and just submitting in hand for grade and then maybe to teletrade. I have a bunch of FS#s that have a history of doing better there than the bay, although it does seem far easier if you have it in a slab already and want to post it up for a ridiculous price and roll the dice for free. But there are ups and downs to everything. The whole get tele to slab it and buy back game can be problematic but like anything there has to be a good system with it that some have perfected to a T I imagine sir.

ABSOLUTELY, that is with everything. One advantage eBay has over Teletrade only applies to someone like me. I have a store, albeit online rather than brick and mortar, but it would work for that just as well. That advantage is being able to market yourself to the buyer directly. You do not know who the winner was in a setting like Teletrade. If the only way you sell items is through auctions or at coin shows, this advantage is worthless.

[Coppertop]

To be honest I'm getting a bit fed up with the system anyway and the things I take notice of. Some of these coins are so rare they go up on ebay or Tele and sell at a fixed price. Problem is I can put up a coin for sale for $5k, and sell it to my "buddy" or buy it back and it's sold. you can now say " one sold for $5000! Then saturate the market with your hoard. How do we know that didn't happen with the 73 DDO1? That effects market value right? Same with the CPG, might as well kiss somebody's butt to get your hoarded varieties in there? These are the dark shadows of the hobby that displeases me.

[seal006]

To be honest I'm getting a bit fed up with the system anyway and the things I take notice of. Some of these coins are so rare they go up on ebay or Tele and sell at a fixed price. Problem is I can put up a coin for sale for $5k, and sell it to my "buddy" or buy it back and it's sold. you can now say " one sold for $5000! Then saturate the market with your hoard. How do we know that didn't happen with the 73 DDO1? That effects market value right? Same with the CPG, might as well kiss somebody's butt to get your hoarded varieties in there? These are the dark shadows of the hobby that displeases me.

I feel you Mark. That is with everything that is a luxury and not a necessity. You are selling things that only have perceived value, rather than actual value. That is the beast we call collectibles. On the other hand, it is an excellent opportunity for someone who is willing to work at it. Humans by nature like to collect. It could be worse, you could be trying to gouge folks with gas prices. That is preying on other people's misery.