Why Are Silver Coins Selling Below Spot Price On Ebay?

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Author	Replies: 7 / Views: 2,597
smn New Member Australia 43 Posts	Posted 06/05/2015 04:02 am Hi, So why are they're 1oz silver coins all over ebay selling below the spot price of silver right now? Here are a few examples on this search at Australian ebay: http://www.ebay.com.au/sch/i.html?_...k=1&LH_BIN=1 Edited by smn 06/05/2015 04:04 am Report this Post to the Staff

Buffalow Valued Member United States 105 Posts	Posted 06/05/2015 07:17 am Weird, isn't it? How about this sheet of 32 Silver Maple Leafs for US $480? That's $15 each. Free shipping,too. Appears to be a first-time seller. I'll pass on this one. http://www.ebay.com/itm/Sheet-of-32...em1a0116fdcf Edited by Buffalow 06/05/2015 07:22 am Report this Post to the Staff
kanga Pillar of the Community United States 5825 Posts	Posted 06/05/2015 08:58 am They all appear to be over silver spot to me. Report this Post to the Staff
smn New Member Australia 43 Posts	Posted 06/05/2015 09:36 am I've even noticed a 1kg silver coin for $700 but don't search for it because I want to buy it. Thanks around 55-60% less than spot price! It's not a fake either as far as I can tell. Report this Post to the Staff
jdmern Pillar of the Community United States 1949 Posts	Posted 06/05/2015 10:13 am ? You can buy a 1 kilo bar for $552.77 ? http://www.jmbullion.com/1-kilo-rmc-silver-bar/ Boardwalk Numismatics http://stores.ebay.com/jdmern/ https://boardwalknumismatics.com Report this Post to the Staff
Mister Kairu Pillar of the Community United States 1911 Posts	Posted 06/05/2015 10:18 am A 1kg silver coin for $700 comes out to $21.77 per troy ounce... about $5 over spot unless I am mistaken. Report this Post to the Staff
smn New Member Australia 43 Posts	Posted 06/05/2015 11:09 am Wow! I really had better concentrate more. Sorry everyone I was mistaken. I read the wrong price for spot. Oops. Report this Post to the Staff
ccarroll New Member United States 41 Posts	Posted 06/05/2015 1:42 pm But even if it were correct, it wouldn't surprise me. Because the awful thing about ebay is that it perpetuates a race to the bottom. Report this Post to the Staff
	Replies: 7 / Views: 2,597

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