Low Silver Prices, But Why Arent The Sale Prices Reflecting

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Author	Replies: 6 / Views: 1,479
SDcoinguy Pillar of the Community United States 2424 Posts	Posted 06/27/2013 7:02 pm noticed silver is now almost as low as it was in 2009 when I bought a crap load. but why am I not seeing prices on ebay reflecting the spot price? i.e. morgans spot value $14.30.. going for over $20 i.e. halves spot @ $6.70 selling for around $10 still can I still get spot for these or have to wait longer? Report this Post to the Staff

basebal21 Bedrock of the Community 13014 Posts	Posted 06/27/2013 7:08 pm EBays always a few days behind because generally people wont price adjust until they relist or list new things. Morgans though I'm not as convinced that their price will come all the way back down to where it was. Some probably got melted during the run up, and some of the people that started collecting pms more than likely gained a numismatic interest because of it. Morgans are also a safety net for the bullion stackers that want something a little less tied to spot so they seem pretty popular right now. It may be quite a while before we see those reflecting their spot price more. Halfs going for 10 isn't really that off, remember on ebay the seller loses 13 percent so most prices have that built in and if they offer free shipping 6 something is about all theyre pocketing for the half selling for 10 Report this Post to the Staff
traevin Pillar of the Community United States 1454 Posts	Posted 06/27/2013 9:56 pm I agree with BB. There's always going to be an adjustment period with these things. With spot prices in a state of flux recently, how can anyone say for sure that prices won't retrace in the near future, right? With these avaricious thoughts in mind, some dealers are simply holding out hope for a quick turnaround. But if prices remain this low for multiple weeks or months, then you'll begin to notice sales reflecting spot a little more closely. But just like BB said, some items will never sell at, or even near, spot. ASEs always seem to have a built in markup, and anything with the least amount of numi value, as well, and that includes Morgans. Truth is, I don't ever remember paying spot for too many ebay auction buys when it was low last time. It seemed a minimum 5-15% was the norm on virtually any silver coin/round purchase, even the generics. Edited by traevin 06/27/2013 9:58 pm Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 06/27/2013 10:36 pm Adjustment period and basic fact that many are not gonna take a lose on their money its just that simple.... Everyone thinks oh spot price is way down on all metals guess I can run out an buy any hard to find premium item at a price I have only dreamed of and that just is not reality.... I have mentioned I was eyeing a rare 1997 half oz. Canadian Raven bringer of light coin settin at 1050 an it ended no bids of course.... I sent guy an email offering 750 basically as my point was I can get 2013 China panda half oz gold now sub 700 and Canadian 24k maples at like 675 so not to insult you but no way I am going that high with metal down and the fore mentioned as cheap as they are.... He replied some bs about blaming the fall on Obama and said no thanks I'm putting up and waiting for better days-can't blame the guy that is case in point if an item that just will never be listed much lower regardless of spot..... Edited by Silverhawk74 06/27/2013 10:38 pm Report this Post to the Staff
bekiz Pillar of the Community Japan 666 Posts	Posted 06/28/2013 06:56 am I have listed some coins pretty high people mail me telling the spot is down, price down the coin I'm telling - go to the COMEX to buy silver close to spot I'm about to write in description that the place for a better (read cheap) stuff is at COMEX ))) Report this Post to the Staff
Elmo Valued Member United States 84 Posts	Posted 06/28/2013 09:04 am The old adage is that 'people sell when the price is going down and buy when it is going up'. Peculiar part of human psychology which I think has it's roots in hoarding. We've been hoarding things since the first agricultural revolution. That has had the benefit of feeding more and more people. Report this Post to the Staff
Jenger Valued Member United States 239 Posts	Posted 06/28/2013 09:16 am The old reason id really sell right now at this point is if I absolutely needed the money or I was getting old and had planned on retiring and now that the market is dropping, id panic sell just to guarantee some money. Report this Post to the Staff
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