ebay rage - I wish I could message bidders!

If they were selling retail for that, I would agree with you. But in the case of an auction, no. The lots aren't "worth" that much at all. There's just a lot of stupid people out there. In any case, there's no reason to get snippy about it. I was simply pointing out the fact that it's common for these lots to sell for way more than they're worth in any silver value.

 

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Ah...

So they aren't "routinely" selling for that amount, nor is it "happening all the time".

I see.

 

On Ebay they are. Almost all of the junk silver auctions sell for at least twice what they're worth. I didn't make the specification that I was speaking only about Ebay auctions, because I thought it was an implied fact of the thread. But I'm done with this conversation because it's clear to me that you're intent on putting me down for really no reason at all, and in general being difficult. Have a nice day.

 

Ah...so within a given market, they ARE routinely selling for that amount.

By its very definition, then, within that market, that is their worth.

Again, you're wrong.

I'm not putting you down. I'm pointing out a fallacy. And I'm certainly not doing it for "really no reason at all"

This thread is about the ethics of "alerting" buyers to poor buying decisions...establishing the value of their purchase is the very core of the discussion.

You propose to establish the item's worth as other than that which it clearly is, and then wish to contribute to a discussion about the appropriate action to take based on that worth. It's perfectly appropriate to dispute your argument.

If you wish to feel persecuted, I can not control that of course. But all I've done is point out that your argument is flawed in such a way that it makes the topic of the thread impossible to discuss from any practical point of view.

 

I had to check, I thought maybe the guy had ten dimes including some high grade barbers or a 21d merc, but he just put a pic up of a bunch of coins, so people probably are thinking, hey this seller is stupid, he is selling a lot more than a dollars worth of silver there.

 

I really don't think so when the melt value is over $91 and the bid is in the eighties and he will be paying about 12% fees at the end.

 

Yep... a lot better than the OP's link which was 56X face... this is a much more reasonable 28X face. Let's see how it ends.

 

That auction is for $3 face so at this point I wouldn't say he is making a killing. Currently $3 face is about $90, the auction isn't even at melt yet.

Here are the last results for his $1 face sales
9/9 $56.00
9/8 $33.25
9/8 $29.09
9/8 $28.51
9/6 $35.05
9/5 $37.00
9/3 $29.76

In fact I couldn't find another time where the total was above $38. Based on this seller (and my own experience) most times the lots do not go anywhere near twice face value.

 

My gut feeling: when you leave the math up to the bidder, advantage: seller.

 

The seller is a complete idiot. He should have at least one circulated quarter eagle in there to really get the bidding on fire!

 

In the early years of ebay many people used their email addresses as their handles. When ebay started trying to protect the buyers one of the first things they did was require people using email addresses to change them to a handle.