Selling Bullion Coins on Ebay Not A Good Idea

[BillJones]

I have no idea how anyone could make out well selling bullion on eBay given their high fees. Selling bullion is a low mark-up, high volume business, and the low mark-up part is impossible on eBay.

[nk1nk]

All this talk of B&M buying bullion at 80% is just not accurate, at least in my area of Salt Lake City it's not. There are about 4 major B&M's around here and I called all four yesterday and all four buy at over spot. Here's an example from monarch coin that has been in business since 1949,

spot = $32.20 they buy silver eagles at $33.24 sell at $35.14

Now guys at the local coin show that get a table and think they are a real dealer then yes I could see a 80% offer.

I agree with the OP, don't waste your time selling bullion on eBay.

If you guys really deal with B&M's that offer 80% then I will just mark it up as one more reason to live in the great state of Utah.

if anybody wants to fact check me call this number and listen to the recording 801-262-5874

 

Nick

[RWB]

CAC coins for sale will receive a minimum tack-on of between 10-15% or $25. Pedigreed coins (examples - Binion, OBH) or 1st strike mods get an automatic $10 sales tack-on.

 

Why? These do not change the coin in any way. I can understand trying to sell valueless things for extra profit - just like car undercoating and racing stripes, etc. But why would a collector pay more to get nothing more? However, I don’t understand the way so many modern collectors think, so I’ll withdraw the question.

 

[James_OldeTowne]

All this talk of B&M buying bullion at 80% is just not accurate, at least in my area of Salt Lake City it's not. There are about 4 major B&M's around here and I called all four yesterday and all four buy at over spot. Here's an example from monarch coin that has been in business since 1949,

spot = $32.20 they buy silver eagles at $33.24 sell at $35.14

Now guys at the local coin show that get a table and think they are a real dealer then yes I could see a 80% offer.

Some coins consistently sell over spot pretty much no matter what, including buffalo $50s, krugerrands, etc.