Why Did People Pay So Much Over Spot...

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Author	Replies: 7 / Views: 1,869
SilverCoinBoi Valued Member United States 458 Posts	Posted 01/03/2012 9:46 pm http://www.ebay.com/itm/32082229524...t_500wt_1156 Why did they pay so much for less than an ounce of Silver? I bought one of these a few weeks ago, and I paid less than 30 for it. Baffled. Report this Post to the Staff

Canadian-Banknotes Pillar of the Community Canada 4944 Posts	Posted 01/03/2012 9:52 pm ALL silver is selling for way over spot right now. I have been looking for some Junk 90% silver (dimes or quarters preferably) and cannot find any around spot price. Edited by Canadian-Banknotes 01/03/2012 9:55 pm Report this Post to the Staff
everything Valued Member United States 493 Posts	Posted 01/03/2012 10:17 pm That art bar is in nice condition, may have had something to do with the listing as well, not to mention bidding wars that can crop up at any time. I thought the consensus was that many often pay to much for silver and/or gold on ebay. Report this Post to the Staff
trout1105 Pillar of the Community Australia 7096 Posts	Posted 01/03/2012 10:19 pm Quote: ALL silver is selling for way over spot right now. I have been looking for some Junk 90% silver (dimes or quarters preferably) and cannot find any around spot price. It depends on what the spot price is. I can't see anyone willing to let their bullion coins go for the spot today when the consensus is that it will be a lot better later on in the year. I personally wouldn't part with mine for $29.23 per oz. These that are selling now either realy need the money or they have no idea what they are doing Report this Post to the Staff
mitchhailey Pillar of the Community United States 1150 Posts	Posted 01/03/2012 10:45 pm Agree. Most folks I know aren't selling, and those that are will not sell for spot. A lot of people aren't going to let some manipulated paper market dictate how much they sell their silver for. Report this Post to the Staff
mkfarm Pillar of the Community United States 667 Posts	Posted 01/03/2012 10:52 pm Junk silver has been very easy to buy at spot over the past month. In fact you can get it from some of the internet sellers at very close to spot price. The average price current is around $21.76. The bar is more of a collector issue and some people are willing to pay more to get them. Report this Post to the Staff
mmerlinn Valued Member United States 302 Posts	Posted 01/04/2012 01:29 am You can find junk silver under spot if you keep your eyes open. Last year I saw a CL ad for junk silver under spot. Dude had something like $65 face for about $1200 or so. Did not want to sell, but needed the money to pay for a funeral and wanted to sell immediately all at one time. Even though it was more than I wanted to pay (and really even more than I wanted to buy at one time), I jumped on it. I was able to keep about $15 face (free and clear) for myself after selling $50 face at spot after the price went up. Report this Post to the Staff
MikeBrax Valued Member United States 89 Posts	Posted 01/12/2012 7:13 pm Alot of times people dont even read the descriptions kindof crazy Report this Post to the Staff
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