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Buying Gold from eBay?


TheMagpie

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Bought and sold lots on eBay, get my best prices selling on there. Only had one fake sovereign but it was a good one and tested as gold. Very easy to get money back. 
if you take a few precautions and research the sellers it can be good. That being said it is very much buyer beware lots of fake bars as discussed. The fake sovereign I discussed was later sold by same seller despite my reporting. 

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On 13/07/2020 at 13:14, Chorlton said:

A brief search on the internet brings up fake gold sovereigns for the equivalent of £2 each. Most buying them on eBay have no idea what they are buying so even if selling 50% with no issues the profit margins would be huge. This is why seasoned purchasers rarely if ever buy gold off eBay or have the experience & equipment necessary to confirm their purchase is not counterfeit. For many the extra premium of buying from recognised dealers is a better value proposition.

I buy lots of sovs off ebay but through the regular dealers like provident, apmex, bond, etc

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