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 Replies: 18 / Views: 2,517 |
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Pillar of the Community
United States
2189 Posts |
Why do people on ebay pay 10 to $15.00 over spot for silver dollar coins.I would like to buy a few silver dollars but not that much over spot.Is this the norm on ebay.I'm looking for a few Morgans or Peace dollars common year with some wear but there selling for 30 to 35 each when the silver content right now is a little over 22 bucks.Thanks |
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Pillar of the Community
United States
1454 Posts |
Sometimes two ebay buyers will run up something, which skews things badly from its typical selling price. But no, $10-15 over seems way too high to me. I'm not a Morgan buyer, though. How many auctions did you watch? |
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Pillar of the Community
 United States
2189 Posts |
I've watched a lot over the past week.Seems like the cheapest Peace dollar has been around $29.00 plus 2 to 5 dollars shipping.same with the Morgans most seem to sell 32 on up for common dates with lots of wear |
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Valued Member
United States
309 Posts |
Prices on ebay don't exactly move perfectly with the ups and downs of silver. When the cost of silver rises, prices on ebay shoot up, but when it drops it takes longer to adjust to the decline. Most ebay buyers of coins have in their mind what they are willing to pay for coins and they are probably going to be willing to pay that regardless of what happens in the "market". I got a commem dollar on ebay for spot price a few days ago and was happy about that but with morgans and peace, because of the popularity, it just doesn't happen very often. Also, there are more people who are willing to buy one coin at a higher per coin price than those who are willing to buy a bunch of coins at once. Maybe you could buy a number of coins and get a price you are happier with Just my opinion. Not worth much. |
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Pillar of the Community
United States
3670 Posts |
Generally when silver is moving up, it will draw about 10 bucks average higher price then it cost normally in a shop an such (often tax brings that back to a dead even equal price), as to cover the 14% fees for ebay an pay-pal.... |
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Pillar of the Community
United States
1554 Posts |
Because Silver Dollars are Numismatic items that are 100 years old. Silver Eagles and the such minted recently are just Bullion and have no value whatsoever other than Spot Price unless you are fooled into thinking otherwise!
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Pillar of the Community
United States
1554 Posts |
Oh, sorry, I didn't quite finish. ebay is a joke for buying anything frankly! |
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Valued Member
United States
385 Posts |
Sadly, the market prices on ebay are a little different than those on other ecommerce sites that charge fewer fees. Sellers on ebay are bombarded with ebay Fees, Paypal Fees which can accrue to be around 12%-13%. Thus, prices NATURALLY have to have higher to satisfy those fees or premiums I should say. I hope that helps. |
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Pillar of the Community
United States
4333 Posts |
Used to be a time when being crazy meant something in this world. Nowadays, everyone's crazy.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
264 Posts |
ebay prices are higher because you are competing against a world market of shoppers for one individual item. The fun of ebay is shopping for rare coins that would appealing for your collection. For common ASE or ATB buying, visit the local coin shop.
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Pillar of the Community
United States
1454 Posts |
Quote:Ebay prices are higher because you are competing against a world market of shoppers for one individual item. The fun of ebay is shopping for rare coins that would appealing for your collection.  Unless one is describing BINs, with auctions starting at .99, no one knows at what price the auction will end so it isn't about charging more to cover fees. I've heard people say, and I agree, that ebay is where one finds a coin's true market value on a global scale. It's probably the only place I could find the rare proofs I collect and I'm very happy to be a regular buyer of them. Of course, being a seller on ebay wouldn't be so enjoyable, unless one is selling large amounts of PMs. |
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Locked
822 Posts |
Quote:Oh, sorry, I didn't quite finish. ebay is a joke for buying anything frankly! Yeah, I'm sure your right. It must be all the people that brought ebay a net income of $11,652,000,000 (That's billions folks) in 2011 that are wrong.  Edited by scubu
05/09/2012 10:30 am
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Pillar of the Community
United States
1454 Posts |
Quote:Yeah, I'm sure your right. It must be all the people that brought ebay a net income of $11,652,000,000 in 2011 that are wrong. I was attempting to be a little more circumspect and judicious with my answer, but now that the cat's out of the bag,  the comment about ebay was an off-the-wall sort of thing to say, and that's putting it mildly. Oh well. To each his own. Edited by traevin
05/09/2012 10:18 am
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Pillar of the Community
United States
2189 Posts |
WOW! Some great answers here and I appreciate it.Time to visit some coin shops,pawn shops in my area to see what their selling for.Thanks for all the info
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Valued Member
United States
385 Posts |
yea, I totally agree! imagine another planet as the internet, ebay already has and conquered 90% of its land with iron gates, while the others split up the reminding 10% (overstock, eCrater), I'm unsure about Amazon though. |
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Valued Member
Canada
178 Posts |
Try looking at junk silver coins, the premiums they get from the "Prepper" crowd is unbelievable.
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Replies: 18 / Views: 2,517 |
Posted 05/08/2012 8:50 pm
