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Pre-65 Silver Rolls On Ebay...is It My Imagination?

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Neilgin1's Avatar
United States
7 Posts
 Posted 12/20/2009  10:21 am Show Profile   Bookmark this topic Add Neilgin1 to your friends list Get a Link to this Message Number of Subscribers
Greetings gang, I think this might be my third post, I have to confess, I'm more of an instrinsic metal value collector, as opposed to a nusimatic collector. What this means to me personally, is that around 2007 I grew very suspicious about the health of both our economy and speciffically the US dollar, and in Feb 08, began to buy both rolls of silver American Eagles, and rolls of pre-65 Halves, Quarters and Dimes on ebay. I made a vow to stick to single date rolls that were BU Unc's, and to stick to dealers that were at the VERY least 99%+ fb ratings, and have been blessed not to have burned, and to able to assemble a very nice collection, which I regard in the same way one would regard a CD from one of these "banks".

anyway, my question to the forum is this: in the last three, to four months on ebay I've noticed several things, and I'm wondering if any of ya'll have noticed similar; first I've noticed the offerings in numerical terms have gone down, US silver coins offred at any one time from 50,000 plus to between 39,000 to 36,000, and "rolls" from over 300 to now between 160 to 200. I might add that since I usually buy single date rolls , BU/UNC, even the quality of the rolls offred has slipped off significantly.

has anybody else noticed this? quality of rolls offred slipping, secondly, it seems as if the bidding itself has gotten more ...intense. (forgive me, couldnt find a better word) am I just imagining this?

one of my favorite sellers, a "carrieafl" was offering a complete roll, $10 face of 1936 Washington's that were really good looking, at least AU50's and I WANTED this roll. Instrinsic value is about 140-150, but I knew it was going to trade above this, and I was bidding north of $200, and bidders, just swept me away, I think the thing went for 260, 285......sorry to transgress, but has anyone noticed heightened bidding on ebay, combined with lower quality?

Merry Christmas everyone, neil
Valued Member
novillero's Avatar
United States
290 Posts
 Posted 12/20/2009  10:58 am  Show Profile   Bookmark this reply Add novillero to your friends list Get a Link to this Reply
I stopped bidding on e-bay (having not gotten what I bid for) and have been developing relationships with online dealers I can trust. (The nearest coin shops are not into "junk" and value their bullion numismatically)

I have bought from people here and on other coin/bullion forums where people on both sides of the transaction just want fair deals and IMO reputation means more here in what I feel are more personal transactions.
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Neilgin1's Avatar
United States
7 Posts
 Posted 12/20/2009  12:08 pm  Show Profile   Bookmark this reply Add Neilgin1 to your friends list Get a Link to this Reply
Novillero,
I'm sorry to hear about your negative time ebaying. I must be blessed, or lucky, or just plain ultra ultra cautious, but I havent had one bad transaction in the over 150 coin transactions I've made on ebay. I didnt know buying and selling can happen on this forum, guess I havent exp-lored deep enough.
neil
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Bryan1315's Avatar
United States
14454 Posts
 Posted 12/20/2009  2:52 pm  Show Profile   Bookmark this reply Add Bryan1315 to your friends list Get a Link to this Reply
I think anytime the dollar is ion trouble like it is right now the precious metals market gets hotter and starts selling for higher prices than they do when the US dollar is strong. If China and other countries demand other form of currency and decline to be paid in US Dollars we will really be in trouble and I am afraid that is what is about to happen if things keep going like they are right now
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BH1964's Avatar
United States
10982 Posts
 Posted 12/20/2009  3:06 pm  Show Profile   Check BH1964's eBay Listings Bookmark this reply Add BH1964 to your friends list Get a Link to this Reply
I'm a collector/investor like the OP and watch the USD Index and the US money supply regularly. I love coins too but always buy with re-sale in mind. Especially since I'm laid-off and going to school full-time.

Anyway take a look at this auction. 8.5X face for 90% silver! This type of thing is what gives ebay a bad name. I'd bet dimes to dollars this will be "problem" for the buyer.

http://cgi.ebay.com/5000-FACE-VALUE...OK_W0QQitemZ a href= https://www.coincommunity.com/go/link.asp?target=https://www.ebay.com/itm/-/280440025856 target= _blank rel= nofollow 280440025856 /a QQcmdZViewItemQQptZCoins_US_Individual?hash=item414b873300
ANA #R3154474
New Member
United States
24 Posts
 Posted 12/22/2009  7:30 pm  Show Profile   Bookmark this reply Add HULLCOINS to your friends list Get a Link to this Reply
Mainly, silver is at a high price and most people don't want to go all in(gold) so they go to the more affordable silver.
New Member
United States
24 Posts
 Posted 12/22/2009  7:32 pm  Show Profile   Bookmark this reply Add HULLCOINS to your friends list Get a Link to this Reply
I am finding a lot of luck with individual coins listed. I can normally get them at or below scrap.
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nohope587's Avatar
United States
5953 Posts
 Posted 12/22/2009  8:33 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
HULLCOINS I am curious is that at or below scrap after s&H and do you deem scrap value to be the silver value or actual scrap value which is less.
New Member
United States
24 Posts
 Posted 12/22/2009  8:38 pm  Show Profile   Bookmark this reply Add HULLCOINS to your friends list Get a Link to this Reply
after Shipping and Handling... what the actual silver content is worth. For instance if I see a 1963 Franklin half with free shipping for $5.50 or below it is under melt.
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nohope587's Avatar
United States
5953 Posts
 Posted 12/22/2009  8:40 pm  Show Profile   Bookmark this reply Add nohope587 to your friends list Get a Link to this Reply
Thanks for the clarification.
New Member
United States
24 Posts
 Posted 12/22/2009  8:41 pm  Show Profile   Bookmark this reply Add HULLCOINS to your friends list Get a Link to this Reply
yep... and they are out there.
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Gothic Florin's Avatar
United States
2541 Posts
 Posted 12/23/2009  10:04 am  Show Profile   Bookmark this reply Add Gothic Florin to your friends list Get a Link to this Reply
Probably more people hoarding and less enthusiasm about buying silver when it is around $18/oz.
New Member
United States
24 Posts
 Posted 12/23/2009  12:25 pm  Show Profile   Bookmark this reply Add HULLCOINS to your friends list Get a Link to this Reply
that is true
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