USA Coin Book

Discussion in 'Coin Chat' started by Jeffjay, Jan 9, 2022.

  1. Jeffjay

    Jeffjay Well-Known Member

    Has anybody here used USA coin book as a venue to sell coins? If so are there a lot of buyers or am I stuck with fleece Bay.
     
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  3. dwhiz

    dwhiz Collector Supporter

    I haven't but @ToughCOINS does and maybe he can chime in.
     
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  4. baseball21

    baseball21 Well-Known Member

    No where near the traffic of eBay
     
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  5. ldhair

    ldhair Clean Supporter

    I have not used it but there are a lot of nice coins there. Some say the fees are a bit less there.
     
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  6. serafino

    serafino Well-Known Member

    The good thing for buyers is, if you see a coin for sale today there's a good chance it will still be for sale the next time you look in 6 months ;)
     
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  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    eBay didn’t have burgeoning traffic in it’s infancy either. It takes time to grow a following. Especially when there’s already a 900 lb gorilla in the game.

    I decided to give USACB a chance a couple of years ago, and my following there is definitely growing.
    I’ve made sales there from $10 to $3500, with everything in between. USACB also is definitely more attentive to counterfeit offerings and fraudulent tactics than eBay is.

    I still intend to grow my store there, and hope others will join in to grow a hobby-dedicated site, which we so badly need.
     
  8. ToughCOINS

    ToughCOINS Dealer Member Moderator

    The fees are substantially less at USACB. eBay fees are 10% without a store, and 6% with one. USACB fees are only 2%.
     
  9. Jeffjay

    Jeffjay Well-Known Member

    Thanks. I will give it a try. I don't sell a lot of coins but like to sell things off to upgrade my collection. EBay becomes more and more unsavory all the time.
    They have been riding the gravy train for years . I'd like to see some other options to leave them in the dust.
     
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  10. ToughCOINS

    ToughCOINS Dealer Member Moderator

    That’s exactly why I switched. I badly want a serious alternative to eBay and, if we don’t support one when it most needs our help to grow, we won’t get one.
     
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  11. baseball21

    baseball21 Well-Known Member

    Of course, it's just something that should be known. Assuming someone isn't selling tons of items there best course of action would be to just list everything both places
     
  12. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Agreed, if the difference in fees is reflected in the difference in price between the two sites.
     
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  13. baseball21

    baseball21 Well-Known Member

    Honestly id just list them both at the eBay price since thats the market price. There's a pretty decent chance a buyer would try and negotiate a lower price anyways no matter what price you listed it at
     
  14. ToughCOINS

    ToughCOINS Dealer Member Moderator

    The reason I'd list the coins cheaper at USACB is twofold. First, it enhances the likelihood that one will actually make the sale, and second, it may help reinforce the inclination of yet another buyer to eventually visit USACB more frequently than eBay.
     
  15. stldanceartist

    stldanceartist Minister of Silly Walks

    I made some attempts at BIN/BO listings there as well as some auction-style listings. Lots of views on the BIN/BO, but zero offers. Most of the auction-style toner type sets I listed didn't even get bids approaching face value.

    Now...keep in mind, I had lots of positive feedback on eBay before I stopped selling there, but I have zero feedback at USACB so far, so I sort of look like a new seller. But still...bidding action was disappointing. Was planning to create a bunch more BIN/BO for graded coins and other various stuff...but it still feels like I'm doing a lot of work with zero reward.

    Then again, I just had almost $1400 of deadbeat bidders from my last auction over at AuctionZip, so it's not like there is a clear frontrunner as a great alternative to eBay. But I refuse to sell there anymore and give them any more money or carte blanche power over my sales and funds.
     
    Last edited: Jan 9, 2022
  16. baseball21

    baseball21 Well-Known Member

    I get that, but if the buyer comes there looking to negotiate you've kind of backed yourself into a wall with the lower price to start.

    The other problem too though is that with the eBay bucks/coupons/promotions the higher eBay price very easily could be cheaper out of pocket to the buyer

    I get the feeling most of their buyers will be people that had a bad experience with eBay or just hate it. Just like with selling it is smart for buyers to look everywhere though. Especially for buyers its really only limiting there own search not looking pretty much everywhere
     
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  17. baseball21

    baseball21 Well-Known Member

    Great Collections
     
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  18. ToughCOINS

    ToughCOINS Dealer Member Moderator

    Negotiating from the higher eBay price or the lower USACB price should yield the same net profit.


    True, although eBucks incentives are now lower, and are offered far less often than they used to be.
     
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  19. baseball21

    baseball21 Well-Known Member

    Potentially. There is a bit of the auction house psychology with it though where $10 off the eBay price sounds like a better deal than $5 off the USACB price even if its the same or even a better price

    They really seem to have randomized it a lot more where individuals get random offers as opposed to blanket offers to everyone. They definitely did seem to experiment with being incredibly stingy with them for a bit
     
  20. stldanceartist

    stldanceartist Minister of Silly Walks

    Can I add my own listings there under my own seller account, or do I have to send my coins to them?
     
  21. baseball21

    baseball21 Well-Known Member

    You send it to them. Its an auction house. They take care of everything and have SIGNIFICANTLY cheaper rates for getting raw stuff graded that you're going to sell through them.

    https://www.greatcollections.com/
     
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