What's with the crazy prices!

[arcticfox]

So like anyone stacking/collecting and maybe looking for a bargain i scroll through ebay for pre 47/20 coins and the price there carrying is mental see below as a an EG.

https://www.ebay.co.uk/itm/124178917991?hash=item1ce9a3ea67:g:bPUAAOSwKQNfQbHU

SOOOO 50% silver so works out at £28 an Oz scrap value on that listing and a lot are very much the same.

 

Any I missing something or do people actually pay this?

Ta

J

[Arganto]

eBay is full off madness. If you're in the right place at the right time (especially if the person listing used the wrong category title) there are still bargains to be had but on the whole prices tend to get pushed up. It could be the way an online auction invites compulsive behaviour in a lot of people (a bit like gambling) or it could be "the fear of missing out" for those that are hearing about PMs recently but have yet to fall into the rabbit hole that leads to places like TSF.

Who knows. My advice would be that if the lot you're viewing is genuinely scrap only (not all are) only put down your max bid of spot -x% and walk away. 

There have been a few members on TSF recently selling bulk lots of pre-'47 and pre-'20 coins for spot value or less, it's worth doing some searching to see if the listings are still active.

[harrygill111]

When they have seller promotions- like £1 selling fees you'll see more coins come up, and might be able to get a better deal. Unforetunatly, the rest of the time eBay and PayPal take over 10% of the selling price so not all the premium is for the seller. 

 

"eBay is full of madness" 😄

Edited January 6, 2022 by harrygill111

[arcticfox]

19 minutes ago, Liam84 said:

eBay is full off madness. If you're in the right place at the right time (especially if the person listing used the wrong category title) there are still bargains to be had but on the whole prices tend to get pushed up. It could be the way an online auction invites compulsive behaviour in a lot of people (a bit like gambling) or it could be "the fear of missing out" for those that are hearing about PMs recently but have yet to fall into the rabbit hole that leads to places like TSF.

Who knows. My advice would be that if the lot you're viewing is genuinely scrap only (not all are) only put down your max bid of spot -x% and walk away. 

There have been a few members on TSF recently selling bulk lots of pre-'47 and pre-'20 coins for spot value or less, it's worth doing some searching to see if the listings are still active.

Yeah your right, a lot of greed from sellers as well.

I'm after acclimating a few KG in these but not at these prices.

[harrygill111]

You're better off on the forum, or buying second hand stuff from dealers (not quite as good as the forum) 

[arcticfox]

5 minutes ago, harrygill111 said:

You're better off on the forum, or buying second hand stuff from dealers (not quite as good as the forum) 

Most of my stuff is from here but just looking at random sources as well for top ups  and hopefully a cheeky bargain.

[Arganto]

I've had more success with pre-47 coins buying small lots or individual coins. I've had a fair amount of spot or thereabouts deals on coins that are in decent condition (gvf or better) whereas any time I've put a bid in for a bulk lot 99.999% of the time the bidding goes into "I'd like to view the coins before buying" territory. 

It may be worth loading up on bidding to the max amount you were going to spend but spread it over a load of listings. Step back and wait for the notifications.

[Bigmarc]

Yes, as above search for individual coins, half crowns, florins ect. Has been a few good deals lately on the forum, follow @oldschoolsilver she seems to liquidate a fair amount every now and then. I am not buying at the moment so may be a bit out of touch.

[modofantasma]

It depends, if you're specifically looking for nice crowns etc you might get some coming up at large % premiums. I tend to buy bulk lots 2+ kgs at a time and usually pay spot at most, haven't looked on ebay. Keep an eye on the forum and other sites, another dealer that advertises bulk lots for sale is https://www.malcolmelliscoins.co.uk/investment-silver-lots-for-sale.html  (I have not bought from them though has anyone on the forum dealt with them?) 

[arcticfox]

46 minutes ago, modofantasma said:

It depends, if you're specifically looking for nice crowns etc you might get some coming up at large % premiums. I tend to buy bulk lots 2+ kgs at a time and usually pay spot at most, haven't looked on ebay. Keep an eye on the forum and other sites, another dealer that advertises bulk lots for sale is https://www.malcolmelliscoins.co.uk/investment-silver-lots-for-sale.html  (I have not bought from them though has anyone on the forum dealt with them?) 

Thanks for the link. Where the hell do people get all these coins. 

It's crazy to me 

[modofantasma]

36 minutes ago, arcticfox said:

Thanks for the link. Where the hell do people get all these coins. 

It's crazy to me 

Just start accumulating collections I suppose, I bought around 500 half crowns in December that came from 3 different lots, there were other lots of mixed coins on the forum though that I didn't buy. A lot of the very good deals tend to sell quite quick on the forum just depends who comes online I suppose and also you never know what will come up for sale  

[Bigmarc]

39 minutes ago, arcticfox said:

Thanks for the link. Where the hell do people get all these coins. 

It's crazy to me 

Saleroom.com search through local auction houses to cut out the postage. Careful of the fees tho, it varies

[Petra]

Saleroom is easier to navigate but easylive is cheaper, most are on both (not all). Easier to find and buy hallmarked silver at or below spot.

[Centauri167]

If you know all the charges a seller has to pay on e-bay, you know you are screwed most of the time ... Just visit a LCS or look at the section on this forum.