What Should I Be Suspicious Of In An Ebay Auction For American Silver Eagle / ASE ?

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Author	Replies: 4 / Views: 1,551
ShinyCat Valued Member United States 83 Posts	Posted 09/26/2015 9:05 pm Hello, all I note several recent auctions on ebay where the seller is selling a pair of proof 2010 ASE and the bidding is at $64, or a proof 2008 and a proof 2012 where the bidding is at $68, both with perhaps five hours to go. Major retailers are selling similar coins at $60+ each. The photos are not great, but seem good enough to see spots. Why might they be pricing at 60-70% of the APMEX cost. (Edited to clarify proof, not uncirculated) Edited by ShinyCat 09/26/2015 9:22 pm Report this Post to the Staff

OspreyCoins Pillar of the Community United States 932 Posts	Posted 09/26/2015 9:24 pm Mostly milk spots/damage to the coin, and of course make sure it's real. Don't buy from sketchy sellers, either. Report this Post to the Staff
Parklane64 Rest in Peace United States 2668 Posts	Posted 09/27/2015 04:51 am Quote: What should I be suspicious of in an ebay auction for ASE? The venue. Report this Post to the Staff
shadz Pillar of the Community 1325 Posts	Posted 09/27/2015 11:51 am Quote: Why might they be pricing at 60-70% of the APMEX cost. well first, ebay is NOT a store. sure some people can set up a Bit-It-Now and let you take what you want after paying that price just like walking into your grocer and buying a bag of chips for $5. As you note, the "bid" is currently 64 or 68. ebay is an auction site. If they feel the coins will sell then a general consensus on ebay (with anything) is price your item at 1 penny minimum bid and let the bidders bring the price up, and they will bring the price up if it is something wanted. If there are days left on the pair of ASE you at looking it, MANY people could have it on their watch list to try to snipe the bid at the last minutes of the sale, but the current high bidder could have bid $150 already and only needs the $64 current to bid higher than the other bidders. There just is no telling what the current winning bidder has placed as their max bid. The pair of coins could go higher than that $60 each. Report this Post to the Staff
ChildOfTheWheat Pillar of the Community United States 5828 Posts	Posted 09/27/2015 2:47 pm Pretty much sums it all up! Report this Post to the Staff
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What Should I Be Suspicious Of In An Ebay Auction For ASE?