Would you pay a 56% premium for silver ?

Discussion in 'Silver Coins' started by bigodds, May 11, 2011.

  1. bigodds

    bigodds New Member

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    I cannot believe ebayers are paying $21.15 for 1 round 1966 50c coin. That is a premium of 56% compared to the price quoted on W. Davis & Son website.

    Even if you brought bulk, And paid $1575 for 100 coins your still paying a massive premium of 16%

    These examples are what I have seen today on ebay.

    Look I believe silver will be at $100 per ounce in the next year to 18 months. But why would you pay such a premium ?
     
    bigodds, May 11, 2011
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  2. Roswell Crash Survivor

    Roswell Crash Survivor Well-Known Member Silver Stacker

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    One born every minute?
     
    Roswell Crash Survivor, May 11, 2011
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  3. hiho

    hiho Active Member Silver Stacker

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    1966 50c Kilo

    Spend

    $1,018

    .3416 x 32.15=10.98 ea

    Sell on ebay

    15 ea = $1410

    If you cant beat em join em :cool:
     
    hiho, May 11, 2011
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  4. domdolittle

    domdolittle Active Member Silver Stacker

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    Perhaps the person buying $21.15 for 1 round 1966 50c coin is a... VISIONARY :lol:

    :cool:
     
    domdolittle, May 11, 2011
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  5. RetardedMonkey

    RetardedMonkey Active Member Silver Stacker

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    I assume W. Davis and Son don't do postage?
     
    RetardedMonkey, May 11, 2011
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  6. Stedlar

    Stedlar Active Member

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    EBay confuses me. Not that you can't get bargains reasonable prices some times. it that some people seem prepared to pay crazy prices.

    Mind you, my first silver purchase was on eBay: 20 kooks @ $29 each. Then I joined this forum and bought ASE's off Steve for $25.


    Maybe they are all first timers.
     
    Stedlar, May 11, 2011
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  7. Matthew 26:14

    Matthew 26:14 New Member

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    Yeah you can get cheap stuff. I got an engraved name tag for my dog for $6 inc postage to my house, try getting it done for double that at a pet store !
     
    Matthew 26:14, May 11, 2011
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