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Need the sage wisdom of the board on ebay, "collectible" bars and costs?

TexasNationalsTexasNationals Posts: 3,837 ✭
in Precious Metals
Here we go, sorry if this has been answered but I need your expert advice and will be taking it to the T. Please no bashing, this isn't spam and I will be specific so you can give the best advice. I like silver and I like money, but "odd" collectible silver bars I love more than both. I have bought some 5 gram, 10 gram, 50 gram, 100 gram, and other size bars from members here for my collection and have no intention of selling them. I paid well over melt for them and just want to keep them for my set. Now, I have a 1 kilo, John. Mat poured silver bar I bought many ages ago at $1x/ounce. With silver at $35/ ounce I have decided to list most of my random stuff on ebay (just listed, no completed so that is why I ask about the fees) I don't consider her part of the odd or collectible collection, but in ebay research I saw a poured 1 kilo John Mat bat brought $1405 or about $100 more than APMEX (machined?" bars. So I am consider selling this. So it comes out to about $44 an ounce which if I take to the BM here I get spot, no more or no less. So say $35 today vs the $44 on ebay today per ounce. If I list it and it sells for the same $1405 and silver sticks at the same $35 an ounce, once the fee's, shipping (planned on $8??? passed to buyer), paypal fees and all of that, where do I come out?? Is it worth it to sell to the BM or will I NET more from ebay?? Would it sell on the BST if I asked more (does the stupid thing even carry a premium and are board members willing to pay more?)

I expect, don't sell its going higher, the world is ending, all good survivalist and such, but that isn't what I was going for?

I don't need the money, but I am buying a HMMWV (military hummer) and expect some cost associated with its restorationimage and yes, I get it will cost more that $1k!

Thanks Team,

Jeff

Comments

  • TomBTomB Posts: 21,200 ✭✭✭✭✭
    I just did a check of an online ebay fee calculator and if you started the bar at 99 cents and it ended up getting $1,405 at auction then the calculator assumed $91.05 combined ebay and PayPal fees to net around $1,313.95 for the bar. Personally, I would rather deal with someone on the BST or the PM boards instead of an unknown potential whack job on ebay. This is especially true for items that are very liquid and that have a small difference in net price depending upon venue.
    Thomas Bush Numismatics & Numismatic Photography

    In honor of the memory of Cpl. Michael E. Thompson

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  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Bullion listed on the BST will get you "bottom feeding" prices, but no fee liability. Bullion listed on eBay will get you top prices, but also fees associated with the auction. The choice is up to you...Do some research to determine which is best for you.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • CiccioCiccio Posts: 1,405 ✭
    This will help you with the fees.

    eBay fees calculator
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭
    If you know what you need to get for a bar, try the BST first---no fees and usually a higher class of buyer. Also, it doesn't you cost anything to try the BST first except some time. If you have no luck with the BST, eBay will be there for you.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

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