I have consigned a total of 42 coins to Numisbid in two lots to see how this compares to selling via eBay :ok:
Here are the pro's and Con's so far
Con's;
It takes on average 3-4 months from sending your coins off to PCGS/NGC to get graded then send them off to Numisbid for auction.
This can be expensive and frustrating.
All coins start at $1 and the market decides their worth (No buy it now)
Pro's;
Only 10% of the sale price is the charge for selling, NO listing fees, eBay fees or paypal fees.
NO time consuming listing of coins with associated photo's needed, It's all done for you.
Funds are directly deposited into your bank account, so no screwing about with paypal.
NO buyers fees whatsoever, unlike most auction sites that like to "Double dip"
The best part is absolutely NO dramas with "F" wits that seem to abound on eBay.
NO feedback manipulation or bribery .
The pro's far outweigh the con's so far.
The proof of the pudding will be the prices realized at auction.
I await the outcome of my first consignment with nervous (But quietly confident) anticipation :)
Have any of our other members used Numisbid to sell coins before and what was your experience like ?
Hi Jim,
I don't pay listing fees for eBay and commission is 9.9% so, ahead of Numisbid!
Until you factor in pay options you must offer, which means (most sales) an extra fee.
I find very few "F" wits with my eBay sales but the occasional ones I strike are world class!
Plenty of other sales venues but, not many for people like us away from big, metropolitan centres.
Really you have to choose what you feel comfortable with and stick with it -don't chop and change.
For me eBay is OK because most of the coins I sell are noodled from circulation and would not ever get into a slab with a grade.
Look forward with interest to your progress reports.
Jeff
PS. Of course the principal of Numisbid does have a reasonable reputation in coin circles (understatement).
I've sold a few via Numisbid and its definately the way to go.
And I'd agree with the comments made already.
In terms of results some have sold very cheaply but that's the risk you take.
QuoteReally you have to choose what you feel comfortable with and stick with it -don't chop and change.
I only "Discovered" Numisbid a few months ago and relied totally on eBay before that.
I think Numisbid will be a far more "Civilized" way of selling the coins I want to and I won't have to deal with the associated riff raff that goes with selling on eBay.
It has taken me many months and quite a few quid to get to the stage of actually having my coins up and running on Numisbid and for me it is pretty exciting stuff.
I May get shot down in flames with this, But if you don't try new ideas you will NEVER know what you are missing out on is my philosophy.
Win , Loose or draw this has been an amazing journey for me personally and I am enjoying it immensely :yahoo:
I've used numisbid a few times. The first time was for a raw coin that wasn't worthwhile slabbing, and the 2nd was a slabbed coin.
I had advertised the coin for two 7 day listings on ebay at a buy it now price and no one was interested.
I sold it on numisbid for quite a bit more than what I had on the buy it now listing.
The other thing to not forget with Numisbid, is Walter will also post your coin out.
-rob
I like both ebay and Numisbid.
The risk with Numisbid is that there is no reserve (except for exceptional coins). If you have a great coin to sell, Numisbid is a good option, if it's a run of the mill coin, ebay is probably better (with a BIN or Best Offer, or just test the market).
Numisbid certainly looks like an excellent place to buy coins the Auction #30 has nice items.
From a seller perspective eBay will have more potential customers,eBay is known to everyone but Numisbid isn't
I have about 20 coins on consignment to Numisbid at the moment my consignment is scattered over the next 5 coming auctions the last coin is selling in 150 days , which is find by me .
I do have about 10 very nice pre decimal proofs and ms florins selling this WEDNESDAY NIGHT .
wow look at this bargain at the moment http://www.numisbid.com.au/Browse/1954_Florin_PCGS_MS63/7964
and the 1928 florin ms63 and 1916 florin ms61 are going super cheap atm too and what about the 1957 ms65 florin a top of the pops coin :yahoo:
come on guys don't forget Wednesday night and start bidding lol
:angel: a belly promo
have been a member of numisbid for over a year and as a buyer only.
i have yet to sell a coin and when that happens my 1st choice is this site- am very wary of ebay
it has the coins i am collecting and easy to scroll through to see what else is available at the next and following auctions , being once a month auction i can organise myself
-- monies/budget ,set $$ limit (as if that works as bidding at times can be very keen - good for sellers)
-- time to do research etc.
-- not subject myself to a last second outbid on ebay.
-- photos are way better , no dodgy 'soft focus' look.
-- site becoming more popular hence more coins, more buyers more sellers!
-- blue sheet more up to date
c'mon wednesday
happy collecting;)
I have 14 coins coming up this month on Numisbid.
I won't say which ones, I would rather the coins sold on their own merits :)
After reading this thread, it sounds to me that as a newbie collector, Numisbid is a safer place to acquire your coins? To start, it's not going to be a fake! Would that be a fair assessment?
Quote from: 'kchan1111' pid='51718' dateline='1402211167'After reading this thread, it sounds to me that as a newbie collector, Numisbid is a safer place to acquire your coins? To start, it's not going to be a fake! Would that be a fair assessment?
I wold say that Walter would make sure that NO dodgy coins went through Numisbid and It is one of the safest places to buy raw coins.
All the Graded offerings are guaranteed by the TPG's anyway.
So YES Numisbid is a great place to acquire some coins. :good:
Just registered!
:grin:
Can have some real bargains on Numisbid, and you know there not fake.