Silver may be high, but I can't seem to sell any. I recently had an auction for 33 washingtons that I ended because I couldn't get a bid of $17 UNDER MELT!. This was a re-listing also. Nobody seems to want to pay anywhere near melt for silver coins. These were older Silver coins, mostly 'S', and some BU. I guess I'll wait till demand catches up to value some. Link- http://cgi.ebay.com/Silver-Washingt...88?pt=Coins_US_Individual&hash=item45f70eed88 Melt value is $161.70, couldn't get $144
Yeah, I have been noticing the same here. I just picked up some junk silver for 17 x face over the weekend. Couldn't pass it up at that price. I am hoping it is a combination of the end of the year drag and a need for Christmas money that is keeping the prices down.
Agree about the shipping. Free shipping just pays the fees to eBay for the shipping charges. And anyone bidding always considers the cost of getting the stuff to their door. I got 171.50 + 9.99 shipping for 40 Washington quarters recently, but decided not to sell any more when I learned that the Bullion dealers were short on stock of these.
Or maybe the market is just saturated. People scoffed at me when I said this a week ago, but if so many are having a hard time selling for under spot, what other conclusion is there that isn't based on the Mint's ever-changing numbers?
Its a gamble, why buy at 17x when next week they may be worth 12x. I also agree with Coleguy, maybe the market is just saturated with junk silver...
I think silver may have hit its plateau, as many others may be sensing. It has been hanging around $27 for a few weeks now. For some wierd reason people get in the buying frenzy when the prices are continuously climbing.
I agree wit Imrich and Coleguy. I bet if I put these in a roll and topped it off to 40 , I'd get close to $190. My point is these were more collectable, and people are looking for bullion. Even with shipping, it was still $10 under melt.
I am surprised you couldn't get melt. People are still buying silver, the price has leveled off but there are just as many expert who think its going to $30-$40 as think it is going back to $16. I guess more investors are just buying the Eagles and bars Lack
you hit the nail on the head. Give the market a chance to settle and you will be selling them next year at above spot. When they see silver hitting $30.00 or above, you will takers all day long.
I've already sold some, maybe I'll hold on to the rest and see what happens. I sure could use some Christmas fundage, bein' laid off. I am going to have to rustle up 7 more silver quarters and make a roll, then it'll sell. Silver went over $28 today. What to do.......
UPDATE- The coins that I couldn't get a $144 bid on last week, I just sold (buy it now) for $165. Imagine that. Coinman was right, silver is close to $30.
It seems like everyone and his brother is selling silver on eBay right now. I would never buy bulk silver on eBay because when I factor in the shipping fees I'll end up paying more than I could get it for at the local coin shop. If you are just looking for silver and don't care what it looks like there's really no reason to buy on eBay. Ebay in my opinion is for coins you can't find in other places.
I sold a roll of silver quarters about a week and a half ago and the auction was barely up for half an hour before someone snagged them at the $199 BIN I had it set for.
This sold in 3 1/2 minutes. I guess you don't need 7 days for silver. It is fluctuating a lot in a week anyway.
