1oz Silver Coins on Ebay

Discussion in 'Bullion Investing' started by ActionBronson, Sep 7, 2019.

  1. ActionBronson

    ActionBronson New Member

    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?
     
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  3. ActionBronson

    ActionBronson New Member

  4. Seattlite86

    Seattlite86 Outspoken Member

    Those sellers likely have thousands of transactions and tons of people browsing their sites. They fully expect people to bid above melt.
     
    xCoin-Hoarder'92x and tommyc03 like this.
  5. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    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.
     
  6. itm389

    itm389 Member

    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.
     
  7. -jeffB

    -jeffB Greshams LEO Supporter

    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.
     
    Seattlite86 likes this.
  8. xCoin-Hoarder'92x

    xCoin-Hoarder'92x Well-Known Member

    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.
     
  9. Collecting Nut

    Collecting Nut Borderline Hoarder

    Lower listing fees and they know with the current activity in the pm market they'll get the price they expect.
     
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