http://cgi.ebay.com.au/1-KG-PERTH-M...8920?pt=AU_Antique_Silver&hash=item3cb2a66c58 How come these sold for $1500 a pop? What is so special about them? I must say I haven't seen that style of Perth Mint bar though. SilverBull
I do understand what you mean though, I do not usually buy from ebay, but made a few bids on 10oz and 1kg bullion, the winning bids I have found have gone beyond the amount that PM and ABC would pay. In one case the price for one PM 10oz bullion is $313 and ebay bids went to $330 plus P&H. I made a few bids on the amount the buy backs would be and on ebay they always go beyond this price......?? You have to wonder if there are attempts at driving the price up..... I think I will stick to the Bullion companies...
Anonymity sometimes costs a bit extra. There is a dealer in SEQ where if you want one Panda coin for $41 wants you to provide certified photo ID.
does anyone here buy from bullion companies/dealers and then sell on ebay? it initially seemed like a lucrative market to me so i did a few rough calculations and worked out a profit margin one could make (assuming spot stays the same) and i found that it wasn't worth the effort for me. after taking into account paypal fees, listing fees, final value fees etc, you could make at best $10 profit on a 10oz silver brick. might be good if you plan to trade high volumes but i don't have the time.
Wow Intelligencer, as someone whom purchases a fair amount of PM's, how much do you spend in that dealer's business?
These days I swap more than purchase. But the answer is nil. Word of mouth is powerful and my own experiences have led to my limited pm money being spent elsewhere.
You lose like 10% in fees on ebay. About 5% in listing and final selling fees and another 4% to PayPal. So you'd have to buy your silver from a dealer at least 10% discount.