$1500 for 1kg silver bar?

Discussion in 'Silver' started by SilverBull, Dec 11, 2010.

  1. SilverBull

    SilverBull Member

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    SilverBull, Dec 11, 2010
    #1
  2. SilverSale

    SilverSale Well-Known Member Silver Stacker

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    If you actually have a closer look you'll find they sold for $970 each.....
     
    SilverSale, Dec 11, 2010
    #2
  3. Bulawan pilak

    Bulawan pilak New Member

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    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...
     
    Bulawan pilak, Dec 12, 2010
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  4. intelligencer

    intelligencer Active Member

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    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.
     
    intelligencer, Dec 12, 2010
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  5. sammich

    sammich New Member

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    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.
     
    sammich, Dec 12, 2010
    #5
  6. Clawhammer

    Clawhammer Well-Known Member Silver Stacker

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    Wow Intelligencer, as someone whom purchases a fair amount of PM's, how much do you spend in that dealer's business?
     
    Clawhammer, Dec 12, 2010
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  7. intelligencer

    intelligencer Active Member

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    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.
     
    intelligencer, Dec 12, 2010
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  8. Matthew 26:14

    Matthew 26:14 New Member

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    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.
     
    Matthew 26:14, Dec 12, 2010
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