Consignor Frustrations - Probstein

[bnorth]

I have never or do I plan to consign any cards, but I am curious on how much you are charged for Ricks service. As an example you send in a card and it sells for a $1000.00 on eBay. How much do you actually get after all fees and unless it is 1 flat rate what are the fees?
Thanks for any info.

[Cardboard Junkie]

Just a thought...prolly should have full names with post here? Jes sayin

[Leon]

Originally Posted by Cardboard Junkie

Just a thought...prolly should have full names with post here? Jes sayin

Not only probably but definitely. The original poster is Er.ic Mat.thews.

And this can be a polite reminder about what is probably the most important "rule" on this board, which is having your full name in your post if you give an opinion of someone or a company. Here is what it says at the top of every page of this board...

If you give an opinion of a person or company your full name needs to be in your post.

[KC Doughboy]

Sorry about that. I added my full name in my original post. Because I was listing just the facts about my experience and not offering any opinions, I didn't think the full name rule applied.

[D. Bergin]

Originally Posted by bnorth

I have never or do I plan to consign any cards, but I am curious on how much you are charged for Ricks service. As an example you send in a card and it sells for a $1000.00 on eBay. How much do you actually get after all fees and unless it is 1 flat rate what are the fees?
Thanks for any info.

I've seen the rates they've offered before and I don't know how they do it (along with PWCC), especially with Ebay no longer offering a sliding scale on their fees.

After Ebay and Paypal their margins must be tiny, and with overhead and the number of people they are apparently employing, I don't understand how they are not drowning in debt....................unless they have a special deal with Ebay the rest of us normals don't get.

[KC Doughboy]

Probstein has finally responded to me. I guess they don't want cards that are worth less than $25.00.

Once I get my cards back, it will have been 2 months and 2,000 miles and for what?

"Eric ,
I can ship your stuff back on Monday . I should of been more clear we are looking for individual items that will sell for more than 25. It takes time to sit under a lamp and grade vintage cards . Putting them in lots isn't something we typically do. I'll get it out Monday ."

[savedfrommyspokes]

Originally Posted by bnorth

I have never or do I plan to consign any cards, but I am curious on how much you are charged for Ricks service. As an example you send in a card and it sells for a $1000.00 on eBay. How much do you actually get after all fees and unless it is 1 flat rate what are the fees?
Thanks for any info.

Ben, here are the most recent rates that Probstein charges:

over $2500 , you get 90% of the sales price ( probstein123 pays all ebay and paypal fees )
btw $1000-$2499 , you get 89% of the sales price ( probstein123 pays all ebay and paypal fees )
btw 100-$999 , you get 88% of the sales price ( probstein123 pays all ebay and paypal fees )
btw $50-99 , you get 87% of the sales price ( probstein123 pays all ebay and paypal fees )
btw $25-49 , you get 86% of the sales price ( probstein123 pays all ebay and paypal fees )
below $25 , you get 85% of the sales price ( probstein123 pays all ebay and paypal fees )

[bnorth]

Originally Posted by savedfrommyspokes

Ben, here are the most recent rates that Probstein charges:

over $2500 , you get 90% of the sales price ( probstein123 pays all ebay and paypal fees )
btw $1000-$2499 , you get 89% of the sales price ( probstein123 pays all ebay and paypal fees )
btw 100-$999 , you get 88% of the sales price ( probstein123 pays all ebay and paypal fees )
btw $50-99 , you get 87% of the sales price ( probstein123 pays all ebay and paypal fees )
btw $25-49 , you get 86% of the sales price ( probstein123 pays all ebay and paypal fees )
below $25 , you get 85% of the sales price ( probstein123 pays all ebay and paypal fees )

Thank you Larry, Now I understand why people sell through consigners. In most cases it is as cheap as listing on eBay yourself and also has the added benefit of not having to deal with buyers. I always assumed you got a % after eBay/paypal fees.

[Rich Klein]

Rick Post on the CU board that he and PWCC are EBay "preferred" dealers (i don't think that is the correct term) and I bet they get a special rate.

Rich

[lahmejoon]

Wow, that's pretty reasonable. I've never consigned anything before, but it would seem that with the premium his auctions tend to get, a seller could come out the same or better with less hassle. What is PWCC's pricing structure?

[savedfrommyspokes]

Originally Posted by lahmejoon

Wow, that's pretty reasonable. I've never consigned anything before, but it would seem that with the premium his auctions tend to get, a seller could come out the same or better with less hassle. What is PWCC's pricing structure?

Here are PWCC's rates off of their website:

Single Graded Cards (PSA, SGC, BVG, BGS)
Auction Sale Price Rate
$0 - $100* $6 + 10%*
$100 - $200* 15.0%*
$200 - $1,000 13.5%
$1,000 - $2,000 12.0%
$2,000 - $3,000 11.0%
$3,000 - $4,000 10.0%
$4,000 - $5,000 9.0%
$5,000 - up 8.0%
* Ask for special PSA 'Set Break' & volume discounts for these rate categories: brent@pwccauctions.com


Single Ungraded Cards*, Small Group Lots**, Memorabilia***
Auction Sale Price Rate
Minimum $50 Auction Value
$50 - $100 $10 + 10%
$100 - $200 20.0%
$200 - $500 17.5%
$500 - $2,000 15%
$2,000 - $5,000 12.5%
$5,000 - up 10%
* Singles graded by companies other than PSA, SGC, or BVG/BGS are considered ungraded
** Small group lots can contain up to 50 raw or graded cards per lot
*** All memorabilia must be authenticated by PSA/DNA, JSA, UDA, or Steiner

Complete Sets & Large Group Lots
Auction Sale Price Rate
Minimum $250 Auction Value
$250 - $500 $50 + 10%
$500 - $1,000 20.0%
$1,000 - $2,000 15.0%
$2,000 - $5,000 12.5%
$5,000 - up 10%

Unless PWCC and Probstein are getting a better deal from ebay, they pay 8% (after their TRS discount) to ebay for their final value fees. Depending on how they have set up their incoming payments through paypal, they are likely paying between 1-2%/per dollar on their incoming paypal payments.

[Exhibitman]

That PWCC hard minimum plus % will kill you on lower value cards. If a card sells for $10, my cost is 70% [$6 + $1 = $7/$10 = 70%]. That is like the old Teletrade. At $20 it still costs me $6 + $2 = $8 = 40%--which is more than major auction house commission plus buyer premium level. If a card sells for $35--which is a pretty strong sale--it costs me $6 + $3.50 = $9.50/$35 = 27.14%