Ever thought about selling bullion on ebay?

Some of the strong buyers are paying $1.50 over spot, I saw one offering nearly $2 over. So no reason to do ebay on those. One currency dealer told me he uses ebay to drive traffic to his online store, that may be a good option if you can find a high quality and low cost online store provider. Imaging is going to be one of the main needs for anything online. And your images, Mr. Bush, are first class and I thank you for your efficient services! With abilities like yours I would hope you would consider running as an ANA officer next time around.

 

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I an sell ases for 40 each at my coin club, but to get one It's 38 +gas to the coin shop, so not worth it

 

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Selling silver bullion to pay for the purchase of other silver bullion?

Of coarse I don't know what you paid for the silver loafs, but this just seems like a bad financial decision to start with.
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A couple of you figured in shipping cost.
As a seller why are you paying shipping fee's?

I agree that ASE's are incredibly liquid and I see no point in paying any online fee's when it comes time to sell them.

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as of ASEs, lots of places one could've sold them ... even on this forum.


P.S. I only sell on eBay if I can make at least 35-40% profit after all the fees ...

 

The only ASE I have ever sold on ebay was a 1996 Proof that I had just purchased on ebay for $40.00 plus a $2.00 for shipping. The day I received it in the mail I put it back on ebay for $89.99 and sold it.

I see ebay more of a buyers market for ASE's then a place to sell them. I have made many deals under the table through ebay contacts including face to face sales for ASE's that were originally listed on ebay.

It should be no problem selling ASE's in a cash and carry sale. Sure you may not be able to do it as quickly as a 24 hour or even 7 day ebay auction but I would not care. I have been accumulating them for years and don't ever expect to sell them all over night. ​

 

So is it safe to assume that you find it more important for a 12 year-old play hotshot on a coin forum than it is for anyone reading this to get good info, hopefully from people who know what they are talking about? Maybe I am in the minority here, but over the last few years I've seen a lot of people selling not because they want to, but because they had to. Just as you so kindly pointed out that $775 may be a lot to this kid, $21 may be important to someone trying to feed their children or keep the lights on. Maybe it is just me, but I would rather see someone (especially one who needs the money) understand exactly what they leave on the table if selling on ebay or anywhere else instead of getting some kid's ASSumptions.

You're right... size does matter. Why do I feeling you learned that the hard way.

 

Why jerk him around? He brings up valid numbers. In the scenario you bring up, is eBay really the answer to that question? I understand the economy is down, and there are those who need to sell to feed the hungry mouths, but in that case why go this route? In desperate times cash in hand should be the goal, not maximizing profit. That's the perils of "investing", especially in a precious metal. You win some, you lose some. Maximizing profit comes with buying and selling at the market's right time, not at the time when one needs the money.

As far as the OP's situation is concerned, he is getting some decent answers (the links to auctions that have no bearing on the discussion aside) as to why his lot sold the way it did.

 

Ebay allows you to quickly raise some cash and buy something else for that money. It is good way to profit on any spot price up swings. On market upswing one of things i typically do is dump some bullions' and use the $$ to buy some numis.

 

Tit for tat, my friend. No more, no less.

 

The eBay fees are quite ridiculous when trying to sell coins especially if you are just a collector and you are buying them on eBay to begin with. Craigslist is free but you always have to worry the guy who shows up to buy your coins is not also going to follow you home and try to break into your house. Funny story about Craigslist though i have a friend who owns a thrift store and everyday he searches the free section looking for new merchandise he can sell in his store.

 

I don't really care how old he is. If he has a valid point, then so be it. And I don't really see his comment as "playing hotshot". :rollling:

First, you flame a guy for thinking $775 is a big sale, and then you're talking about $21 being a lot of money for some people? Which is it? Are you advocating for the high rollers, or the needy?

I don't think the OP qualifies as needy, seeing as he sold these to fund the purchase of some other silver...

...and what the heck is that supposed to mean? I know it's a personal attack, I just don't know which way you're going with the innuendo...

 

eBay attack thread a? So what CHEAPER auction venue do you all suggest that gets an international level audience?

 

The thing about bullion is the profit margins are a lot smaller than what you would expect to make with rare coins. So in order to make good money with bullion, you have to have the cash to buy lots of it and do a lot of business with it. So with these small profit margins, eBay's fees definitely could cancel out any profit and even cut into your expenses. That's why I only do rare coins on eBay. By the way, Instagram has a pretty good market for silver and gold bullion. And if you use PayPal friends and family, there are no fees except for shipping!

 

For bullion, Try Instagram. It is different, but there is a great community there for buying and selling gold and silver with live auctions that you can do as well. It does just depend on trust between the buyer and seller though.

 

Dont feel bad, it's the Damn high fees.

 

You have to find something special, just buying and selling bullion is
Loser as you can see on the bay

But you dont have to go through ebay to lose your BUTT, you local
Dealer can do that as well

 

some of these previous posters haven't been seen since 2013 .. on this 7 yr old thread. lol

 

How did you manage to sell a roll of ASEs for $775?

 

Spot on a roll of ASE is around $304. I'd say you did pretty good.

 

Oops post is from 2012...."better" times