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eBay Silver Observations

 
Anonymous Coward
User ID: 79332
United States
01/15/2012 10:35 AM
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eBay Silver Observations
Whether or not you use/trust eBay for silver purchases doesn't matter. That is not what this thread is about.

What I'm noticing on eBay is that prices for 1oz bars and Eagles still demand a large premium over spot about 30% which is about the same as Sprott.

Common date Morgan and Peace dollars continue to stay about the same as they have been over the last few months. But it appears to me that the quality of coins is much less than that of equal price just 2 months ago. I would say around mid November I started noticing that the volume of listings has dropped for common coins as has the quality. Common date coins seem to have much more damage but are demanding the same price compared to what they would have previously.

Basically it seems there is a much larger gap between low quality and high quality collectible.

As for the reduction in listings, I'm actually surprised at the difference. Previously a decent common coin would reach end of auction in about 15-30 minutes. Now it seems to be 30 min - 1+ hours.

I would be interested in reading what others are seeing.
Anonymous Coward
User ID: 8875645
United Kingdom
01/15/2012 10:37 AM
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Re: eBay Silver Observations
I buy 1Toz coins from Guernsey Mint. No VAT for UK residents, plus the premium is a lot lower than 30%.
Anonymous Coward (OP)
User ID: 79332
United States
01/15/2012 10:42 AM
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Re: eBay Silver Observations
I buy 1Toz coins from Guernsey Mint. No VAT for UK residents, plus the premium is a lot lower than 30%.
 Quoting: Anonymous Coward 8875645


Thanks for the info. But more importantly what are you noticing that is different than before? For example are deliveries taking longer or anything else?
Anonymous Coward
User ID: 8875645
United Kingdom
01/15/2012 10:49 AM
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Re: eBay Silver Observations
I buy 1Toz coins from Guernsey Mint. No VAT for UK residents, plus the premium is a lot lower than 30%.
 Quoting: Anonymous Coward 8875645


Thanks for the info. But more importantly what are you noticing that is different than before? For example are deliveries taking longer or anything else?
 Quoting: Anonymous Coward 79332


Yes, delivery is problematical.

I had to get on their ass recently, because weeks had gone by before I got the coins.

I have 100Toz outstanding, and they haven't arrived yet, although a previous order for 60Toz was fulfilled reasonably quickly..
neim777

User ID: 8061708
United States
01/17/2012 12:06 AM
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Re: eBay Silver Observations
Whether or not you use/trust eBay for silver purchases doesn't matter. That is not what this thread is about.

What I'm noticing on eBay is that prices for 1oz bars and Eagles still demand a large premium over spot about 30% which is about the same as Sprott.

Common date Morgan and Peace dollars continue to stay about the same as they have been over the last few months. But it appears to me that the quality of coins is much less than that of equal price just 2 months ago. I would say around mid November I started noticing that the volume of listings has dropped for common coins as has the quality. Common date coins seem to have much more damage but are demanding the same price compared to what they would have previously.

Basically it seems there is a much larger gap between low quality and high quality collectible.

As for the reduction in listings, I'm actually surprised at the difference. Previously a decent common coin would reach end of auction in about 15-30 minutes. Now it seems to be 30 min - 1+ hours.

I would be interested in reading what others are seeing.
 Quoting: Anonymous Coward 79332


J.H MINT IS PRETTY GOOD. MADE A LARGE ORDER GOT IT IN 3DAYS
1 But these took this counsel among themselves, that they would leave the multitude of the heathen, and go forth into a further country, where never mankind dwelt,
42 That they might there keep their statutes, which they never kept in their own land.
43 And they entered into Euphrates by the narrow places of the river.
44 For the most High then shewed signs for them, and held still the flood, till they were passed over.
45 For through that country there was a great way to go, namely, of a year and a half: and the same region is called Arsareth.
46 Then dwelt they there until the latter time; and now when they shall begin to come,
:knoup:
Anonymous Coward
User ID: 1631840
United States
01/17/2012 12:18 AM
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Re: eBay Silver Observations
FEEBAY charges so much in fees you have to sell high to make any money at all. Also there are a lot of the (top rated sellers) with buy it now insane prices, notice at the end of the auction they have no bidders. For a more realistic price comparison put some coins on your watchlist and if they sell see how much they go for ;)

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