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<p>[QUOTE="Evorlor, post: 936834, member: 24724"]If there are any other amateurs like me who figured they would become an instant coin dealer and make millions in their first year, here are a few numbers...</p><p> </p><p>(For the veterans, i know i know...just let this one go, please.)</p><p> </p><p>If you buy silver coins from ebay at the same price as some dealers, (12.42x face value), and resell for the average ebay going rate (13.8x face value), you will break even, less shipping costs.</p><p> </p><p>So in order to buy and sell silver coins on ebay at a profit, you would have to ship for free, and buy for less than 12.42x face value. Keep in mind, the more you buy, the higher shipping will cost to sell. Also keep in mind, the 12.42x face value includes the shipping you pay when you buy.</p><p> </p><p>This is based on 9% ebay fee. This includes an estimated 1% ebay listing fee to resell. This does not take into account PayPal fees.</p><p> </p><p>This "study" was based on 1933-1964 90% Silver Washington Quarters.[/QUOTE]</p><p><br /></p>
[QUOTE="Evorlor, post: 936834, member: 24724"]If there are any other amateurs like me who figured they would become an instant coin dealer and make millions in their first year, here are a few numbers... (For the veterans, i know i know...just let this one go, please.) If you buy silver coins from ebay at the same price as some dealers, (12.42x face value), and resell for the average ebay going rate (13.8x face value), you will break even, less shipping costs. So in order to buy and sell silver coins on ebay at a profit, you would have to ship for free, and buy for less than 12.42x face value. Keep in mind, the more you buy, the higher shipping will cost to sell. Also keep in mind, the 12.42x face value includes the shipping you pay when you buy. This is based on 9% ebay fee. This includes an estimated 1% ebay listing fee to resell. This does not take into account PayPal fees. This "study" was based on 1933-1964 90% Silver Washington Quarters.[/QUOTE]
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