I have noticed something a little strange on ebay lately. In the middle of August when silver was over $13.00 an ounce, silver coins were selling at spot price or over, now that silver is hovering oround $11.00 an ounce, people aren't buying as much and if the auction has no reserve, prices are much lower than spot. This does not make much sense to me, I figured people would want to buy while the price of silver is down. It actually caught me a little off-gaurd on a couple of my auctions. At least I had just a few coins listed to test the waters. Has anybody noticed this, or have a good reason for whats happening?
there was a panic as it hit $13+ so folksbought it up hoping for $15+ now that silver is around $11 again they realize how volitile it can be
Thanks for the information. It's enough to at least make me start looking at Ebay again. Most silver coins have been wildly overpriced for the past 2 years.
With small quantities, the shipping costs can make it an un-economic way to buy. I have some large lots on eBay now with no reserve - we'll see how they do.
shipping I know the shipping is a concern, and thats another strange ebay thing. I try to give a choice of cheaper shipping, but some people still choose priority over first class!!
