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<p>[QUOTE=&quot;-jeffB, post: 1711654, member: 27832&quot;]You&#039;re leaving money on the table, then.</p><p><br /></p><p>I just bought a large (for me) lot of silver from a buyer in Canada. She was auctioning batches of 25 US silver quarters, with shipping listed at $12.70, more than 10% of the lot&#039;s melt value.</p><p><br /></p><p>Rational bidders price that into their bids, and for whatever reason, the irrational bidders -- and the bidders with my strategy -- weren&#039;t out that day. I bid a bit over melt to win the first lot, and then a bit under melt on each of the others. Since my competing bidders weren&#039;t counting on combined shipping, I easily won each of the other lots at an effective $12 discount. I ended up paying comfortably below melt on 145 quarters (including shipping from Canada), even though quarters-by-the-roll <i>still</i> routinely get 21.5-22x FV, close to 25% <i>over</i> FV.</p><p><br /></p><p>If I turned right around and sold these as a single batch on eBay, I could probably make a nice profit, even after shipping, eBay fees, and the intervening 5-6% drop in silver prices. And I wasn&#039;t even taking advantage of a bad lot description or an underpriced BIN (my usual habit).[/QUOTE]</p><p><br /></p>

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