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 Replies: 15 / Views: 1,799 |
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Valued Member
United States
272 Posts |
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Pillar of the Community
United States
4897 Posts |
Will probably go for way too much with a (YIKES!) 18% buyers premium and $18 shipping.
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Valued Member
 United States
272 Posts |
yeah thats why I figured id ask before I try and buy something and pay alot of money
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Pillar of the Community
United States
1436 Posts |
There is a 20 coin roll of 1922s on E-Bay in BU condition w/ a BIN price of $659 & a roll of 23's for $680 BIN. So, get ready to break the bank if you're wanting to do something like that. Are you interested in coin collecting or stacking silver? If wanting to collect, I would recommend one coin at a time, as that's where the FUN comes from... It takes much longer, but you can hand-pick your coins  |
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Moderator
 United States
23522 Posts |
Keep in mind, you can't legally join and bid on auctions like that if you're under 18. ebay either, for that matter - minors can't enter into legal contracts by law. So, how old were you again?  |
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Pillar of the Community
United States
7375 Posts |
Yeah, these sites look great to start, then the reality sets in. I would definitely watch and see what the stuff sells for. Like was said, probably way too much. It always amazes me how many people there are out there throwing lots of money away.
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Pillar of the Community
United States
4809 Posts |
I second Dave's comment. If you look at collecting as a race, then you'll end up paying more than you need to. And then the excitement of the hobby is replaced by a fleeting feeling of delight that comes with 'buying' things.
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Pillar of the Community
United States
1436 Posts |
 w/ Rackster. I couldn't have said it better myself... |
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Pillar of the Community
United States
2543 Posts |
I see these auctions all the time. High fees, hidden reserves, shill bidding, are all usually included in these " govt. seizure " auctions. It says current bid is $1.00, but it also says to " log in " to find bids and auction status. Once you log in, I am sure that you will find the "current bid" probably set by the auction company at retail. Then they entice you to bid up from there. Say retail is $670, add 18% $120.60, add $18 shipping , what seemed like a deal at first now is a roll of Peace dollars for $808.60 . That is how these auctions make their money. Stay away from these " seized asset " auctions, they are a scam. |
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Pillar of the Community
United States
7375 Posts |
Hate to agree also, but true. Patience is the key for me too. The hobby has to come to me. If I'm in a hurry it will cost $. Right now everything seems expensive...frustrating, have to back off. |
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Valued Member
United States
272 Posts |
right now I'm looking for lots to go through cause I have some spare time. And I already have a business and a ebay account. So thats not a issue. |
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Pillar of the Community
United States
3755 Posts |
Honestly, if you want to buy bulk common date silver dollars, check APMEX. They usually have decent deals on things like that. |
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Valued Member
United States
337 Posts |
And remember, when registering for a strange site, and it does say it is a private site, one risks identity theft when dropping too much info. I am always skeptic when I see what is supposed to be a government seal and a disclosure the site is private.
If you collect coins and need only one I see nothing wrong with buying a roll at a good price, keeping one, and making a small profit on the others which you can buy a variety of different coins with. So buying a roll is not necessarily for the purpose of stacking silver.
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Bedrock of the Community
United States
20753 Posts |
Quote:
Will probably go for way too much with a (YIKES!) 18% buyers premium and $18 shipping. I'll double that YIKES. |
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Valued Member
United States
272 Posts |
i agree 18% is crazy, and as I was looking through all of them EVERY auction was 200 dollars plus if you wanted lots
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Valued Member
United States
272 Posts |
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Replies: 15 / Views: 1,799 |
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Posted 01/22/2014 7:58 pm
