Gold Coins

Discussion in 'Bullion Investing' started by CHARLES GINETTO, Mar 24, 2020.

  1. CHARLES GINETTO

    CHARLES GINETTO Active Member

    Besides the bullion value of $1,672.00 an ounce, gold coins have a numismatic value also. I'm selling on Ebay and my coins are selling below value. Is there a way to automatically raise the shipping price including insurance and hand signature confirmation or should I simply raise the coin's price?
     
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  3. furryfrog02

    furryfrog02 Well-Known Member

    That's the problem with ebay. Sometimes you lose out. If you want more for your coin, you should ask more.
     
  4. -jeffB

    -jeffB Greshams LEO Supporter

    Are you listing Buy It Now, or as auctions?

    It sounds like you're saying that your auctions are getting lower bids than you like, so you want to raise the shipping price after the auction closes to get the money you want. That's... not how auctions work.
     
  5. baseball21

    baseball21 Well-Known Member

    Low start auctions don't do well on eBay especially ones from small sellers and with shipping charges.

    Set a BIN price for the listing or start the auction at the minimum you will take with "free shipping"
     
    HoledandCreative likes this.
  6. -jeffB

    -jeffB Greshams LEO Supporter

    Also: $1672 an ounce? Apparently it's been a couple of weeks since you've checked the price of gold. There's, um, some stuff going on.
     
  7. CHARLES GINETTO

    CHARLES GINETTO Active Member

    I checked it about an hour ago.
     
  8. CHARLES GINETTO

    CHARLES GINETTO Active Member

    I don't do auctions.
     
  9. furryfrog02

    furryfrog02 Well-Known Member

    It is 1644.40/oz right now.
     
  10. CHARLES GINETTO

    CHARLES GINETTO Active Member

    Buy it now.
     
  11. -jeffB

    -jeffB Greshams LEO Supporter

    What's your source?

    My source is apparently having problems. Here's what goldprice.org is showing me this morning:

    [​IMG]

    Here's what Kitco is showing:

    [​IMG]

    So, it looks like you may have been right about the price, at least for a little bit. But, as you see, some of us hadn't yet gotten the memo. :rolleyes:

    If you want to react to spikes like that, the only thing you can do is adjust your BIN price. I mean, you could monkey with shipping costs, but that's just likely to put off potential customers.

    Nearly 5% spikes across a period of hours? This is reminding me of 2011. Wish I'd bought a bit less then, and a bit more later...
     
    furryfrog02 likes this.
  12. CHARLES GINETTO

    CHARLES GINETTO Active Member

     
  13. CHARLES GINETTO

    CHARLES GINETTO Active Member

    Monex Precious Metals
     
  14. -jeffB

    -jeffB Greshams LEO Supporter

    Huh. There seem to be some significant differences of opinion this morning about what the gold spot price is actually doing.

    I'd be very nervous about starting a fixed-price listing in this environment. I'd be even more nervous about placing a binding auction bid.
     
  15. CHARLES GINETTO

    CHARLES GINETTO Active Member

    The gold spot price according to Monex Precious Metals is fluctuating wildly. I will just keep raising my fixed prices and stay away from auctions altogether.
     
  16. GoldBug999

    GoldBug999 Active Member

    I have bought many coins on ebay, especially $20.00 St. Gaudens coins, and haven't bought any with a 0% premium. How are you listing them; description, category, and are you posting good photos?

    Gold today has traded between $1,556.50 and $1,689.80. With gold at say $1,600.00, the gold content of a $20.00 St. Gauden is .9675 ounce/coin x $1,600.00/ounce of gold = $1,548.00.

    If I can buy a slabbed MS-64 St. Gaudens for a 5% to 8% premium, I feel like I am getting a really good deal, but I rarely find that. Of course I haven't been looking recently - I did a lot of buying when gold was between $1,250.00 and $1,400.00.

    Send me a link to one of your coins for sale and I'll let you know what I think.
     
  17. ToughCOINS

    ToughCOINS Dealer Member Moderator

  18. Clawcoins

    Clawcoins Well-Known Member

    Spot Price
    and prices shown on places that sell PM coins tend to vary ... more on the upside to those places selling the metals.

    So .. seller and buyer beware
     
  19. jwitten

    jwitten Well-Known Member

    Ebay is not the best place to sell coins that have very little value over their melt value. Most $20 coins will only go for a small premium over melt, and ebay will eat that up.
     
    baseball21 likes this.
  20. J.T. Parker

    J.T. Parker Well-Known Member

    Personally, I would think twice about selling either gold or silver in this prevailing market. (Unless, of coarse, if you just seriously need the money)
    If not, please consider keeping it as a nest egg.
    J.T.
     
  21. Sculptureman

    Sculptureman Member

    These markets can change with the blink of an eye! Gold is pushing $1,675 per ounce now. Close to $100 up today.
    Add a premium to your gold.
    Shipping fee gouging seems to be the norm in these difficult times. Amazon appears to not be offering shipping options. More money in Bezos pockets.
    I would not raise your shipping charges.
     
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