Sorry for the super noob question. What's the deal with all the eBay 1oz silver coins selling for a $1 or more each? Seems like sellers are just starting the price low to hope the price goes around melt value?
Those sellers likely have thousands of transactions and tons of people browsing their sites. They fully expect people to bid above melt.
Usually high volume sellers start their bids low. If it were me, I'd start the bid close to where I want them to sell. I'm just a small time ebayer though.
Not sure about this but are auction fees cheaper for sellers than buy it now fees? Maybe they are banking on a couple sellers to get in a bidding war and pop it over the regular selling price.
Yep. Have a look at their completed/sold auctions, and see if you see anything selling below melt. My bet is that you won't.
Buy It Now listings have a 50 cent fee, however sometimes there are promotions where they won't charge you to list your next 100 BIN's (just an example). Still, a lot of sellers just stick with auctions.
Lower listing fees and they know with the current activity in the pm market they'll get the price they expect.
