Ebay is almost always overpriced, you can get .999 bullion for $1-2 over spot from online retailers, not that bad.
"Premiums" will come down when prices go back up. eBay is mostly individuals selling extra stuff. These are the same people who bought silver at $30 in the 80s and held until it hit $35 a couple years ago. They don't have enough "invested" in silver to be forced to come down on their prices. As such, the prices will hold near what they paid... ergo: "Premiums" will remain high.
dang missed it, I decided to look around the bay some more while i wait for the cafeteria lady at work to tell her son to come by, i said i would pay him melt,,i am sure he will go for it, she says "he just like money" he is 16 by the way, I have no idea what he has
Two things: 1) I hope you pay him based upon $22.36, rather than coinflation prices (which are based upon $22.17). 2) If he has coins that are worth more than melt, I hope you tell him that, as well. After all, the last thing this hobby needs is another person buying a potential YN's collection for pennies on the dollar.
As far as eBay is concerned... most of the BINs are priced considerably over melt, while true auctions have a tendency to come in closer to current silver value.
I still can't comprehend premiums on 90%. I tried to buy some yesterday and the dealer had none but did say he was getting 19x face. Almost 3x face over melt. I have noticed some .999 coming out though. Bought a 10 oz bar for $24.50 an oz and 5 one oz bars for $25.50. Not the deals of the century but given the current premiums on stuff i thought it was alright.
