Why isn't my $81.00 40% Silver Selling?

I have had the item of $81.00 40% Silver Face listed on eBay for a couple days
edited

Any ideas why the item isn't selling and if it's because its a high price, what would be more fair? Thanks

Jake

 

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If you started the bidding lower I garuntee you'd get some bites. Also breaking it up into smaller chunks would help, like $5 or $10 FV lots.

I know for me I never like to place a bid on an item that has a really high starting bid that is pretty much already at or above the max I would pay.

 

It could be that 40% is not as desirable as 90%. TC

 

Yup, break it up into smaller auctions and they will sell. Most people aren't going to drop almost a grand on a mixed 40% silver lot.

 

I have to agree with the rest. Like me, many people do not have $800+ laying around at any one time, but spread it out over six months...

 

Yeah. I'm getting a no fee listing so I thought I'd try to sell all my stuff with no final value fee. edited

 

40% trades at a substantial discount from melt value, 35% even more so. At shows, I'd see people offereing 95% of Coinflation value for 90% silver, but closer to 80% of Coinflation value for 40%, and even less for war nickels.

To preserve your no-fee arrangement, you might try to reduce the starting price and BIN price. Quick, though -- you can't do it if the auction has less than 24 hours to run, as I recall. You'll lose some exposure since the auction doesn't have much longer to run, but you'll still probably do better than you would by relisting (and being on the hook for FVF).

 

I can usually get 90% of spot for my 40%.

 

Where? I'd expect it on Craigslist, but can you get it from a dealer?

 

I agree with Jeff, most smart buyers will always discount 40 and 35% more severely than 90%. The sell prices vs PM is also lower. The major bullion dealer around here at shows pays around 95% for 90, but aroudn 80% like Jeff said for 40 or 35.

 

Yes, my dealer pays me about 90% of spot for 40% silver. He pays about 97% of spot on 90%. Flips both for profits pretty quick.

Good dealer to have on your side.

 

Looked at your listing. Your starting bid is way to high. If you expect to get $820, put a reserve on the auction and lower the starting bid.

That would be my suggestion.

 

Sounds like you have a stronger market price for sales. Around here I can buy 90% pretty consistently for spot, so the dealers need to make up for it on the buy side I guess. Dealers almost never get spot for 40 or 35% around here.

 

I'm pretty sure he sells the 90% at spot or just above, and the 40% goes for 95% or so of spot. He has extraordinarily low overhead. Let's me pick through his junk bins and usually sells me whatever I find at 1x over spot depending on how much I buy. If it's enough, he'll let me off at spot.

 

This "forum rules" and constant editing of messages has got to go on this forum. I can understand if the OP was attempting to just show off their auction to solicite bids but the OP is attempting to find out why their coins are not selling. As some have pointed out who have seen the auction, the starting bid may be too high but if we could all see the auction for ourselves we may notice other possible problem(s) that are causing these coins not to sell as well.

 

It is a nuisance, but I can see why they do it.

In this case, when he refers to his FeeBay auction, all you have to do is go to the auctions section and there's his post with a link.

The mods don't want people posting links to stuff for sale outside the For Sale/Wanted section. Their house, their rules. I don't think it's reasonable to ask them to try and determine the intent of the poster every time someone posts a link outside of the For Sale/Wanted section.

 

edited -

I really don't understand why you haven't figured it out yet that you are NOT allowed to post comments like that in the regular sections of the forum. I mean, I already edited 2 of your posts in this thread for rule violations. But I'll spell it out for you.

Members are not allowed to post links to their own active auctions anyplace on Coin Talk - except in the advertising section. And they are not allowed to post in the regular sections that they have any ads in the advertising sections.

You've been a member here for over 3 years - you should know that already.

 

Sorry I didn't know that was a rule. Won't happen again.

 

I had no idea that it was a rule, either, and I've been a member of this forum for over 7 years. Don't feel bad, akajcw95, and don't let the strong arms who run this place get you down.