Posted 05/15/2012 1:38 pm
Yes I agree 100%, as I just thought to post it as a great buy opportunity at first, which quickly turned to a warning after reading the feed-backs, lol...
This is the lowest a 10 oz. bar sells for on ebay right now, an like you said waaaay better to spend 20 bucks more right now an get a legitimate bar. If he had 100% feed-backs, an sold 5 of them an all buyers praised the bar, I may consider it......
I think another great thought on these lines, is it should not be that hard to find a good reputable 10 oz. bar with silver down close to 28 bucks for 300 EVEN, but it just goes to show that ebay always fetches a higher premium over spot on nice bars. My point to this, just like platinum it seems to the sellers who have much in these PM's, price they choose on buy it nows, deviates from the spot price. Now then, that does not mean they will sell a lot on ebay, as people with way high buy it now's sells are FAR an FEW between as there are to many educated buyers out there that are not gonna let that seller make some extra coin at their expense....
That is why a low starting auction under spot value, will always bring you what the item is worth most of the time, considering you picked the correct listing at the correct time, as an item ending at 3 A.M. Tuesday night, probably is not gonna get the action of an auction ending at say dinner time on a Friday night right after pay day.....
This is the lowest a 10 oz. bar sells for on ebay right now, an like you said waaaay better to spend 20 bucks more right now an get a legitimate bar. If he had 100% feed-backs, an sold 5 of them an all buyers praised the bar, I may consider it......
I think another great thought on these lines, is it should not be that hard to find a good reputable 10 oz. bar with silver down close to 28 bucks for 300 EVEN, but it just goes to show that ebay always fetches a higher premium over spot on nice bars. My point to this, just like platinum it seems to the sellers who have much in these PM's, price they choose on buy it nows, deviates from the spot price. Now then, that does not mean they will sell a lot on ebay, as people with way high buy it now's sells are FAR an FEW between as there are to many educated buyers out there that are not gonna let that seller make some extra coin at their expense....
That is why a low starting auction under spot value, will always bring you what the item is worth most of the time, considering you picked the correct listing at the correct time, as an item ending at 3 A.M. Tuesday night, probably is not gonna get the action of an auction ending at say dinner time on a Friday night right after pay day.....
Edited by Silverhawk74
05/15/2012 1:39 pm
05/15/2012 1:39 pm
, CoinHawkeye!
