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Response to arely staircase (Original post)

Thu Mar 28, 2013, 11:31 PM

11. Let's see just how well this would work in the real world:

 

Forever stamps came out in 2007 for 41 cents apiece. Let's presume you bought 10 rolls of them. This would have cost you $410.00.

I just checked Ebay, and a typical lot of 10 rolls of forever stamps sells anywhere from $400 to $450. Let's assume you do better than average, and get $440; you've made $30, a profit of about 7%, right? But not so fast...

You have to ship the stamps to the winner; that will cost at least a couple of bucks. More importantly, Ebay and PayPal are going to get a cut. At roughly 12% of the selling price, this works out to $54.00. Add in the shipping cost, and you wind up with $384.00 in your pocket. You've taken a 6.5% loss.

You would have been better off hiding your money in a mattress.

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