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Can we make money by buying the junk silver or gold on Ebay with free shipping.
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<p>[QUOTE="Blaubart, post: 1448278, member: 37498"]If you really want to make money by selling coins on FeeBay, then buy them in bulk from the online precious metals dealers like APMEX, Provident Metals, or Kitco. You can buy American Silver Eagles for around $1.50 over spot. Then you sell them on FeeBay where they usually fetch around $8-10 over spot. If the price of silver stays even, you'll make a small profit once you pay all the fees and shipping costs.</p><p><br /></p><p>Or, buy junk silver from people at spot value and sell it on FeeBay. Junk silver seems to fetch a premium on FeeBay and there's probably a little more room for profit than there is on ASE's.</p><p><br /></p><p>Either way, we're talking about a huge investment on your part, and some decent risk that the price of silver will drop between the time you order it and the time your auction closes. You can minimize this risk by listing the auction before you actually receive the bullion, once you figure out how long it takes to receive your orders.</p><p><br /></p><p>I've thought about doing it, but quite frankly, it isn't worth the investment, the risk, or even my time. I also don't really care much for FeeBay/PayPal. I don't really want to start a business where they would profit as much (if not more) than I would.[/QUOTE]</p><p><br /></p>
[QUOTE="Blaubart, post: 1448278, member: 37498"]If you really want to make money by selling coins on FeeBay, then buy them in bulk from the online precious metals dealers like APMEX, Provident Metals, or Kitco. You can buy American Silver Eagles for around $1.50 over spot. Then you sell them on FeeBay where they usually fetch around $8-10 over spot. If the price of silver stays even, you'll make a small profit once you pay all the fees and shipping costs. Or, buy junk silver from people at spot value and sell it on FeeBay. Junk silver seems to fetch a premium on FeeBay and there's probably a little more room for profit than there is on ASE's. Either way, we're talking about a huge investment on your part, and some decent risk that the price of silver will drop between the time you order it and the time your auction closes. You can minimize this risk by listing the auction before you actually receive the bullion, once you figure out how long it takes to receive your orders. I've thought about doing it, but quite frankly, it isn't worth the investment, the risk, or even my time. I also don't really care much for FeeBay/PayPal. I don't really want to start a business where they would profit as much (if not more) than I would.[/QUOTE]
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Can we make money by buying the junk silver or gold on Ebay with free shipping.
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