Selling coins on eBay can be a great way to reach thousands of potential buyers, but it comes with both upsides and downsides. Here's a quick breakdown:
Pros: 1. Massive Reach: eBay gives you access to a global audience of coin collectors, investors, and hobbyists — all from your home.
Competitive Bidding: Auctions can drive prices higher, especially for rare or desirable coins. Bidders may push values beyond what you'd expect locally.
1. Low Barrier to Entry: No need for a storefront or coin dealer connection. Just snap a few photos, write a good description, and list it.
Cons: 1. High Fees: eBay and PayPal/processing fees can take around 13–15% of your final sale price — cutting into your profits.
Scammers & Returns: Buyers may falsely claim a coin is fake or damaged to force refunds, and eBay often sides with them to protect buyers.
Shipping Risks: Coins can be lost, stolen, or damaged during transit — especially if not insured or tracked properly.