eBay as a Guide to Prices

Discussion in 'Silver' started by Krakked789, Aug 6, 2019.

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  1. Krakked789

    Krakked789 Well-Known Member

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    Hi people,

    I've been buying silver and gold for the last three years and had been thinking that I had basically broken even, but looking at eBay as a guide, a lot of my coins are worth a lot more than previously thought. Going off that site it looks like I'm at a reasonable profit.

    Are these prices realistic? I'm guessing a lot of these ads stay up there for months waiting for buyers.

    Cheers,

    Krakked
     
  2. stackmans

    stackmans Active Member

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    Nope, at least for me I won't pay those ridiculous ebay prices. I can't understand why anyone does. When eBay is more expensive than a legitimate dealer why would someone take the risk? I think ebay prices are what the seller "feels" their bullion is worth not what it's actually worth, then add postage.
     
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  3. Shallow_explorer

    Shallow_explorer Member

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    Here’s what I do: Take 5 eBay sold prices, average them and then subtract 6-10% eBay commission (active sellers pay less) and 3% for PayPal. That would give you a good estimate of value.
     
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  4. Krakked789

    Krakked789 Well-Known Member

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    Has anybody here had any success selling silver on eBay for such prices?
     
  5. Krakked789

    Krakked789 Well-Known Member

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    Sold prices? Can you see how much an item has gone for?
     
  6. Number 47

    Number 47 Well-Known Member

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    Don't forget to account for he 10% eBay fee and the 3% PayPal fee that are charged to the sellers.

    EBay prices generally reflect these fees.

    Edit: sorry, should've read all the comments first, I see shallow explorer has already covered that.
     
  7. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    "Completed Items" under the "Show Only" menu

    upload_2019-8-6_13-57-10.png
     

    Attached Files:

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  8. Grizzly

    Grizzly Active Member

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    Only look at actual sales prices on ebay, not listing prices. Lots of people put up stuff just hoping some sucker who does not know the market prices will buy it for their listing price.
     
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  9. Krakked789

    Krakked789 Well-Known Member

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    I'd be interested in people who have had experience selling on eBay as to whether they get buyers at these high prices.
     
  10. Krakked789

    Krakked789 Well-Known Member

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    Thanks - that's helpful.
     
  11. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Your late to the party
    It's all over
     
  12. Krakked789

    Krakked789 Well-Known Member

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    What party? What's all over? Where? How? I didn't get an invitation...
     
  13. Silverbandit007

    Silverbandit007 Well-Known Member Silver Stacker

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    Make sure you click on the sold item icon as circled in red. Remember eBay final sales fees including PayPal is 13.5% plus 0.30cent processing fee. Take the first 10oz bar that sold for $280 once you include postage take fees away it is costing you $38.10 in eBay and PayPal fees for a normal seller add the $8.55 for parcel post plus $2.95 for signature on delivery that's $49.60 in postage and fees leaving the final sales price of $230.40. For generic 10oz that isn't a good price for either buyer or seller.

    You_Doodle_2019-08-06T09_22_47Z.jpg
     
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  14. Krakked789

    Krakked789 Well-Known Member

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    Thanks.
    That was a really detailed post and very informative. Cheers.
     
    Last edited: Aug 6, 2019
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  15. Krakked789

    Krakked789 Well-Known Member

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    I haven't used eBay for years - wow, that's a rip-off. I guess the only way to get a decent price is if the buyer is desperate for the particular bullion you are buying, or they are just ignorant. Are there other places online (apart from eBay and here) that people use to buy/ sell precious metals?
     
  16. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    If you have to ask ,you've not only missed the party
    You've also missed the boat
     
  17. Krakked789

    Krakked789 Well-Known Member

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    Can I get the next boat? :p Will it be a boat party? Then I can do both!
     
  18. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

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    Entry starts with sending me at least 2kg of gold
    1 for each hand
    Then maybe if I like you
     
  19. Krakked789

    Krakked789 Well-Known Member

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    It's OK, my boat party has just arrived. No gold needed:

    [​IMG]
     

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