Silver Bullion on Ebay

[NoMoreApathy]

The going prices on Ebay right now for 1oz silver bullion seem to be around $15-$20 for the bid price, plus shipping prices which seem to be set around $5-$8. And people seem to still be eating it up. Especially the SE's.

That means that a total purchase of 1oz silver is anywhere from $20-$28.

I'm not sure why the Ebay market hasn't caught up yet to the falling spot prices for silver, but it seems to present an excellent gain potential. I bought a lot of silver on Ebay a few months ago for around $17.50/oz TOTAL, including shipping, which at the time was right around spot.

I could sell a lot of it and make $5+ gains on each ounce, which is about a 30%+ return. I'm contemplating this at the moment, because I expect Silver to be coming down a couple Dollars/oz still, before it shoots back up with gold.

Seems like a good idea, to sell a bunch now and take my 30% returns, and then buy back up when it dips down a few Dollars/oz.

Thoughts?

 

[davver]

There are many factors that go into silver prices on ebay. Using exact spot prices is not neccessarily an accurate gauge.

 

[NoMoreApathy]

There are many factors that go into silver prices on ebay. Using exact spot prices is not neccessarily an accurate gauge.

This doesn't really help me with my question though. I'm saying that I can make 30% gains or more on each ounce I sell, according to what people are paying on Ebay. Minus what it would cost me to ship, I can still make a great return.

And why would I not use exact spot prices? Ebay seems to be the best place right now for getting a better premium OVER spot on your sales.

I bought silver a few months ago on Ebay at what the current spot is NOW. But I can sell it for $5 or more ABOVE today's spot.

 

[adam1mc]

The going prices on Ebay right now for 1oz silver bullion seem to be around $15-$20 for the bid price, plus shipping prices which seem to be set around $5-$8. And people seem to still be eating it up. Especially the SE's.

That means that a total purchase of 1oz silver is anywhere from $20-$28.

I'm not sure why the Ebay market hasn't caught up yet to the falling spot prices for silver, but it seems to present an excellent gain potential. I bought a lot of silver on Ebay a few months ago for around $17.50/oz TOTAL, including shipping, which at the time was right around spot.

I could sell a lot of it and make $5+ gains on each ounce, which is about a 30%+ return. I'm contemplating this at the moment, because I expect Silver to be coming down a couple Dollars/oz still, before it shoots back up with gold.

Seems like a good idea, to sell a bunch now and take my 30% returns, and then buy back up when it dips down a few Dollars/oz.

Thoughts?

I tried this.. It didn't work. When you factor in the fee's from ebay, plus the shipping material, plus the postage (1.05 was as low as I could get it) you really don't make any money. Granted, I tried this when silver was climbing like $.40 per day but still... all the other crap ate into my proceeds...especially the ebay fees.

Ebay only charges YOU based off the final sale value. You might be able to charge $15.00 flat rate for shipping and just sell your OZ's for $2.00 or $3.00. This would allow you to only pay fees on the $2.00 or $3.00... Let me know how it works.

 

[amy31416]

I tried this.. It didn't work. When you factor in the fee's from ebay, plus the shipping material, plus the postage (1.05 was as low as I could get it) you really don't make any money. Granted, I tried this when silver was climbing like $.40 per day but still... all the other crap ate into my proceeds...especially the ebay fees.

Ebay only charges YOU based off the final sale value. You might be able to charge $15.00 flat rate for shipping and just sell your OZ's for $2.00 or $3.00. This would allow you to only pay fees on the $2.00 or $3.00... Let me know how it works.

I can see that. Plus the paypal fees--they get you every way possible on there.

 

[bander87]

Yeah, I wouldn't bother, unless it was something special.

 

[davver]

I'd stick with APMEX, they give a fair deal. Most of the time when you see a premium over spot on ebay it is for small orders, because they cost a lot in fees and time.