what should i list as an ebay price compared to the spot melt value of the coins.. should i knock off a few bucks like a coin collector would. or bump it up over spot melt price by a few dollars same as on here.... should i go over or below spot value.. i have around 63lbs of it.. so i will maybe.. MAYBE sell a bit when summer comes
I would go a little under (people are always looking for deals) or sell it for spot melt value (since it's a commodity and thus paying exact price is probably fair.)
I don't sell on eBay but I believe if you're gonna auction it off, it should start out at a penny or dollar, let the crazy bidders drive the price up. To me, those that just start the auction price at or above melt value I just skip over. Unless you're just doing a But It Now option, sell it like a dealer would, set the spot price and just sell it. Are you going to sell all 63lb's together or break it apart? You're likely better off breaking it apart, perhaps into denominations and then by ounces or pound, etc.
i was kind of thinking the same, b/c in their minds anything above the spot melt price they bought it at would be a Profit, and in their minds they are praying silver sky rockets in value
Here's what I've found when it comes to "junk silver": On eBay, you can usually get pretty close to melt value. If you end the auction in the evening, and talk it up in the description, you can sometimes do a bit better; if you end the auction in the morning (or the middle of the night), or describe the lot poorly, you can do considerably worse. But you've got to pay eBay fees, PayPal fees, and shipping. (If you don't offer free shipping, buyers will adjust their bids accordingly.) For large lots (over $1K), this takes about 12% or so off the top; for small lots, fees are proportionally higher. If you instead sell it at a good-sized local coin show, you'll often find dealers buying around 10% back of melt. So, for me, so far, it's always made sense to sell locally rather than on eBay. You usually get paid in cash, if that matters to you; you don't assume any risk from eBay Buyer Protection, which can leave you with little recourse if you happen to get a dishonest buyer; and you have relatively little uncertainty. On the other hand, eBay is always there, 24/7, while coin shows tend to happen infrequently and mostly on weekends.
