It’s not meant for just selling coins. It’s not dedicated to getting that mint condition American Silver Eagle sold, or even showcasing it. You have to filter, and sift through categories just to find any coins.
That’s not ideal, it’s time consuming and can prevent people from finding your product. While getting people to actually see your items is important, there’s another important factor to think about when selling anything online.
Fees.
eBay charges a scaling listing fee if your item is priced higher than $0.99. Going from $0.25 all the way to $2.00 per listing. Plus more fees for various listing add-ons, like adding more pictures of your coin.
They also charge another 12.35% + $0.30 when your item sells.
Pros
Vast audience.
Sell an item as an auction, or a set price.
Sell anything.
Cons
Seller fees. 12.35% + $0.30 when your coin sells, plus more to just list your coins or add pictures.
Competition. With so many users, selling on Ebay is highly competitive. It’s a race to
drive the price lower and lower.
Not just for selling coins and bullion. You’ll find used paper cups, and “lucky” grilled cheese sandwiches.
Limit on how many listings you can have.
2. Apmex
If you’re looking for a less hands-on experience and just want someone else to sell your coins online Apmex could be your solution. With a business model similar to pawnshops, they boast competitive pricing, locked in price (According to them, this means they’ll negotiate a price with you before they see the coins and that price won’t change), and you don’t have to list any items in an online shop. But this has its drawbacks.
You don’t get paid until after they receive your coins. That means you’re shipping a product you haven’t even been paid for yet! You’re risking sending somebody your entire collection, potentially worth millions of dollars and trusting that they’ll give you a good price for it. I’d be pretty wary of selling your coins to a retailer who profits by reselling your products
