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<p>[QUOTE="JPStunna, post: 1372648, member: 32342"]Buying the coins at $1 under spot is admirable (I've never gotten anything near that in my experience), however, eBay is going to charge a commission of anywhere from 10% to 12.5% (if I'm not mistaken) on anything that is sold plus listing fees. I don't see how making a profit is feasible purchasing the coins at that price unless you can get a nice premium depending on the grade or if it's a low mintage / key date. Whenever I sell anything on eBay, I have next to nothing in it. There is simply no room left for profit if you buy your stuff a few percentage points below what you're actually going to get for it. When I was in need of quick capital and came across silver, I was often low-balled to death by the dealers, pawn shops, We Will Buy Your Gold & Silver places (they offered me 10x face on silver currency, about 50% of spot when silver was approximately $43/oz), etc. In most cases, I was offered close to 70% of spot on average. I made a very meager profit in many cases. Maybe I was getting ripped off, but I needed the money and the dealers had to pay their light bills. But, I'm strictly collecting now, so anything I buy or find gets cataloged and put in my book, so I'm not concerned with profit anymore. The history is worth more to me than anything now. At any rate, I hope you strike a deal with your friend that will benefit you both.</p><p><br /></p><p>JP[/QUOTE]</p><p><br /></p>
[QUOTE="JPStunna, post: 1372648, member: 32342"]Buying the coins at $1 under spot is admirable (I've never gotten anything near that in my experience), however, eBay is going to charge a commission of anywhere from 10% to 12.5% (if I'm not mistaken) on anything that is sold plus listing fees. I don't see how making a profit is feasible purchasing the coins at that price unless you can get a nice premium depending on the grade or if it's a low mintage / key date. Whenever I sell anything on eBay, I have next to nothing in it. There is simply no room left for profit if you buy your stuff a few percentage points below what you're actually going to get for it. When I was in need of quick capital and came across silver, I was often low-balled to death by the dealers, pawn shops, We Will Buy Your Gold & Silver places (they offered me 10x face on silver currency, about 50% of spot when silver was approximately $43/oz), etc. In most cases, I was offered close to 70% of spot on average. I made a very meager profit in many cases. Maybe I was getting ripped off, but I needed the money and the dealers had to pay their light bills. But, I'm strictly collecting now, so anything I buy or find gets cataloged and put in my book, so I'm not concerned with profit anymore. The history is worth more to me than anything now. At any rate, I hope you strike a deal with your friend that will benefit you both. JP[/QUOTE]
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