It’s Not Too Late: There’s Still Time to Sell Coins on Ebay

pony_express_centennial_stamp_4c_1960_issue

Still have a few coins you’d like to unload on ebay, but not sure if it makes sense to try it so close to Christmas? A blog post on the site of ebay data-master Terapeak offers a few tips for making a successful online sale during the waning days of a hectic shopping season. Some of author Aron Hsaio’s thoughts will apply more to people who have at least a small online store, but a person with a couple extra 5-ounce Uncirculated ATB coins can benefit, too.

First, says Hsiao, don’t worry that it’s too late to list a new item. You may have missed Black Friday and Cyber Monday, but you still have Green Monday, which this year falls on December 12. In its list of “The Eight Most Important Days for Online Sellers in 2016,” Terapeak says,

The second Monday in December has been amongst the top online shopping days of the year for several years running. Most years, it’s the “second wave”—when late-but-not-panic-late buyers are wrapping up their online shopping.

The website adds that the subsequent Tuesday is big, too, and that “if you do a Green Monday promotion, keep it running through the following day.”

On a related note, be sure to keep abreast of your preferred carrier’s shipping cutoffs. If you can still get the package delivered on time, you still have a shot at making a sale. And be sure to keep a close eye on your shipments. Even if the customer has the tracking number, you’ll save yourself some headaches (and possibly earn bonus points as a great vendor) if you track the packages, too, and inquire into any delays.

The last two items on Hsaio’s list apply more to listings that are already active (although you may be able to take advantage of these if you get your items listed this weekend): “reconsider markdowns” and “be strategic to the end.” If you have an item that’s getting a lot of looky-loos but no bids, try a nice discount to see if that stirs a little action. “Since the two biggest days remaining are Green Monday and the Tuesday afterward,” Hsaio writes, “drive urgency by ending your deepest markdowns on those days and making clear to buyers that Monday and/or Tuesday are their last chances for the best prices.”

In short, don’t be discouraged at the idea of selling at this late date. There’s one last, strong wave of shopping coming up, if you get busy this weekend, you’ll catch it.  ❑


Editor’s note: I’ve been curious about Terapeak for some time now, and I’d be interested to know whether any MNB readers have ever tried it. (If you’re not familiar with the service, it gives you continuous access to the past year’s worth of ebay sales data, making it easier to spot trends. Presumably you can record the data as you go along, which would allow you to accumulate sales information for as long as you subscribe.)

Facebook Twitter Email

Comments

  1. data dave says

    Just got an email from the US Mint on the golden dime, so its no longer a secret. I only ordered one the first time and can’t even remember what CC I used. Do all three order items (CC, Name and Address) have to be different or just the CC (to avoid the HHL)?

  2. Ryan says

    @ So Krates

    “At 610% of melt value, it’s a steal alright. Just make sure you know who is doing the stealing.”

    You’re right that the price above spot is very high but the time, innovative process created to make the coin as well as the fact that it’s so unique and low mintage must surely add value in your mind above the raw material? An automobile sells above the spot price of steel because of what it’s been turned into, a painting sells above canvas and paint price because of the art it has become, why should that be any different than a coin? Should they all sell for around spot and not sell for their artistic value?

  3. cagcrisp says

    @ data dave, ” So IF the Gold Mercury goes back on sale, is it a good buy at $200? I assume it is going for enough in OGP that it could be profitably flipped at that price?”

    That’s the problem. It IS a good flip for $200 and with a HHL of 1 you will have the wrong people buying. It has the potential of bringing a Good Gold coin down, just like the SLQ and the WLH.

    Maybe the New Mint Management under Trump will run the Mint like it needs to be run.

    That’s the Only hope numismatic people have. Otherwise we are destined to have Expensive bullion…

  4. data dave says

    Well at least there are less than 8K left of the gold dime. They should disappear in minutes and probably won’t have much of an impact. Maybe they will drive other sales. If the Mint was “agile” it would have come up with a 3 pack offer so they could sell more quarters and halves. Even without separate packaging.

  5. cagcrisp says

    @data dave “Well at least there are less than 8K left of the gold dime”. The sales numbers will reflect 8k, however, I don’t see 8k being sold to the public.

    That should help to dampen the impact on the secondary market…

  6. cagcrisp says

    Mint website Screw up.

    Still ONLY 9 Gold coins listed under ‘Gold Coins’ tab.

    SO…IF you are new to the website and you go under the ‘Gold Coins’ tab and you want to purchase ANY FS coins, ANY Gold Twain coins, the proof NPS coin or the Mercury dime ….you are SOL.

    IF you know your way around the website, no problems…

  7. Ikaika says

    @ Dave SW FL

    $200 according to the US Mint website. Not sure why it took so long for them to sell the remaining MCDs?

  8. So Krates says

    Hey Ryan, Please don’t take my having a little fun at the Robot Chicken egg’s expense personally 🙂 I DO agree that all those benefits add value above spot. A hamburger at the Cheesecake Factory should cost more per pound than the Cattle Futures price would indicate. I understand. I’m not a “Silver is Silver”, bullion-only ostrich. But I can’t help but question exactly how much added value when it gets astronomical. I will pay up if I perceive some lasting value, e.g. 1893-S Morgan ($5K for $13 melt), the 95-W ASE ($3K for $17 melt). The 31 gram gold French medal at $4.7K may have excellent long term value but the probability seems low. I might venture to guess that your means may influence your assessment of value whereas I try hard to assess value independent of the purchaser . It took me nearly three hours of panhandling to collect enough to buy my cupro-nickel half!

    Buy what you like, pay what you like

  9. Mint News Blog says

    I’ll be posting an update on the reopening of sales for the Mercury Gold Dime shortly. (Many of you will already be fully filled in on the details, but a few readers might find it helpful.) In the meantime, you might find this post by Paul Gilkes at CoinWorld.com informative:

    https://goo.gl/ZRxSGN

    It’s from back in July, right before the coins were declared unavailable.

  10. cagcrisp says

    Diana, I would like to know on the HHL of 1, Does prior purchases under the HHL of 10 in FY16 count against you or are we starting from a clean slate in FY17?

    Thanks

  11. cagcrisp says

    According to the Mint sales numbers there should be 8,904 dimes available.

    According to CW there are ” approximately 7,800 remaining 2016-W Winged Liberty Head, Centennial gold dimes will be made available Dec. 15 at 12 pm ET.”

    SO…Someone’s already whittled it down over a 1,000 coins…

  12. data dave says

    Is there something written that describes how the HHL works? Is it really household (based on mailing address), it is based on CC number, is it based on mint user login information, is it based on name?

  13. Throckmorton says

    Not sure why anyone would want to dive back into the Mercs at this point. These have to be someone else’s rejectos.

  14. Mint News Blog says

    @cagcrisp, I’ll ask the Mint’s press contact and let you know as soon as I hear back. Typically, the Mint takes a couple of days to answer questions (no doubt one person is handling dozens upon dozens of inquiries daily). @Louis Golino, Author, you’re our go-to repository of Mint knowledge — do you know how the HHL works?

  15. Mint News Blog says

    @cagcrisp, before emailing the press office, I checked the Mint’s FAQs (no doubt you have, as well). They’re quite vague:

    “In cases where we have limited-mintage products (e.g., legislatively mandated or Mint established production or mintage limits), the United States Mint may impose order or household limits. Order limits help us ensure that we provide fair purchase opportunities to the broadest audience possible. As we monitor our products, limits may be implemented, adjusted, or removed at our discretion.

    “We will retain a limited number of orders above the maximum product limit. This is known as our waitlist. If inventory becomes available due to cancellations, we will fulfill waitlist orders on a first-in, first-served basis. We cannot provide you with information about your position on the waitlist.”

    The wording suggests there’s a difference between an order limit and an HHL but doesn’t explain that difference, and there are no specifics at all. Most unsatisfactory…

  16. KEITHSTER says

    Seems the Mint is cleaning house to get ready for the new year? Lots of the Pres. dollars can’t be found and some of the Spouses are missing? They must have found the box with the dimes in it or the one with the old die ! And is the bundle thing new? May have to go for a dime just for the fun of it or incase they did press out new ones to make up the diff? Well Good Luck To All “>”>”> :>

  17. Erik H says

    gatortreke, I guess you only read some, not all of the post here because I already pointed that fact out a few post earlier.

Leave a Reply

Your email address will not be published. Required fields are marked *