ebay branded bullion, WHAT THE....

SilverSiren

SilverSiren

Active Member
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Saw these earlier today - $70 USD over spot for the 1oz gold. Ouch.

Seller is CNT, the largest private bullion distributor in the US. They have the market weight to pull an issue like this off, I wouldn't be fooled by the "Limited number available" marketing, the number of items they would have had to have ordered to get the mints to issue these would have been mind boggling.
 
Bullion Baron said:
I wonder if ebay will be more diligent about taking listings down when the fake/replicas start appearing...

Not sure why anyone would want ebay branded bullion.
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Here is the reason - ebay will guarantee the identity of its own product and flood the auction with fakes of other mints
 
bubblebobble2 said:
I guess these peeps wanted to be buying these bars in the low (serial) numbers, 3-digits... It'll wear of its novelty soon... My guess.
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Eh, there will always be a bit of a following of consumer-branded bullion.

Some of it's not half-bad.


Admittedly, I've got a few pieces, from I recall the late '70s / early '80s..

Then again, the word "silver" was part of their slogan at that time -- so it's not *too* much of a stretch.


Anyway, expect these eBay bars to be flipped at some time in the future..

You know, on eBay. It's the revenue-gift that keeps on giving! ;)
 
how to fuck off your resellers that have to charge 13% premium just to sell on ebay? Thats $220 for a current oz without any profit margin added
 
Gatito Bandito said:
Only $395 USD! :rolleyes:
http://www.ebay.com/itm/FIRST-EVER-eBay-RCM-10oz-9999-Fine-in-Assay-Silver-Bar-/361474571017
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People are lapping them up:
Mark Flaa, eBay category manager for bullion, coins and currency, said Jan. 21 that more than 900 of the gold bars and nearly 5,000 of the silver bars were sold. "In the first 8 hours we averaged 1 ebay/Perth Mint gold bar every 1.5 minutes & 40oz of ebay/Royal Canadian Mint silver a minute," Flaa said via email.
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That's actually kind of interesting that eBay is investing into eBay branded bullion.

First of all, the decision makers at the top tier of eBay are smart folks. I would guess that the selling of coins and pm's on eBay is a huge money maker for eBay....there's probably more coins sold on eBay than by any other after market entity. Most, if not all of the major bullion and coin dealers sell on eBay too.

So eBay is just following the money.

I do wonder how much $$ worth of coins and bullion are sold on eBay in an average month? Must be a huge amount.



.
 
Time for a "support your local bullion dealer that actually pays corporate tax in your country" campaign? :/
 
goldpelican said:
Time for a "support your local bullion dealer that actually pays corporate tax in your country" campaign? :/
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Yeah damn right

F**k eBay I'll never buy their crap
 
OOOHHH how sad, the sheep will lap them up too. What next, ebay branded clothing line, hardware, electrical???
Maybe we should approach facebook and do a facebook round!
Amazon could jump in on the act, shit woolworths should too with their own 'Select' brand.
Alibaba could brand a heap of 100mills fakes!

Support your local dealers that not only pay Tax in your country but also supply employment opportunity and give to the wider community.
 
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