Pass but mainly because my sdb is PACKED! I had to cram stuff in there last trip. So done buying silver (unless it's a smoking deal) and concentrating on gold.
Positive dealing with oilstates2003, rkfish, Scrapman1077, Weather11am, Guitarwes, Twosides2acoin, Hendrixkat, Sevensteps, CarlWohlforth, DLBack, zug, wildjag, tetradrachm, tydye, NotSure, AgBlox, Seemyauction, Stopmotion, Zubie, Fivecents, Musky1011, Bstat1020, Gsa1fan several times, and Mkman123 LOTS of times
Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps?
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
More likely part of APMEX's master plan to eliminate over 35,000 coins in inventory to make room for the 2014's.
Natural forces of supply and demand are the best regulators on earth.
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
spoken like a true conspiracy advocate .. If your above assumption had any truth to it, APMEX would not stop with a measly 35,000 since they are one of the Authorized Mint silver buyers and I suspect they purchase more than 4 million silver Eagles annually. Just a drop in the bucket for them. Eliminate inventory....create an eBay following via a loss leader.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
spoken like a true conspiracy advocate .. If your above assumption had any truth to it, APMEX would not stop with a measly 35,000 since they are one of the Authorized Mint silver buyers and I suspect they purchase more than 4 million silver Eagles annually. Just a drop in the bucket for them. Eliminate inventory....create an eBay following via a loss leader. >>
What are the chances that Apmex is paying the same fees as any regular store subscription seller? Pretty much zero.
Selling ASE's at $23 ($2.60 over spot) on Ebay with a regular store sub (7% fees) plus Paypal (3%) fees would net a regular seller about $20.75?
Currently Apmex's ASE buyback price (after a small drop in spot since this sale) is $22.57. Something does not compute.
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
spoken like a true conspiracy advocate .. If your above assumption had any truth to it, APMEX would not stop with a measly 35,000 since they are one of the Authorized Mint silver buyers and I suspect they purchase more than 4 million silver Eagles annually. Just a drop in the bucket for them. Eliminate inventory....create an eBay following via a loss leader. >>
What are the chances that Apmex is paying the same fees as any regular store subscription seller? Pretty much zero.
Selling ASE's at $23 ($2.60 over spot) on Ebay with a regular store sub (7% fees) plus Paypal (3%) fees would net a regular seller about $20.75?
Currently Apmex's ASE buyback price (after a small drop in spot since this sale) is $22.57. Something does not compute. >>
It's known as a sale. Retailers do it all the time. APMEX's ebay fees are at most 6% (as are my store fees on coins and bullion) plus an additional 20% off of that for being a top rated seller. Their fees with paypal could be as low as 1.9% if they do enough volume ($100K monthly).
Natural forces of supply and demand are the best regulators on earth.
Even at 4.8% (6% then 20% off for top rated) and 1.9% paypal fees, they would net ~$21.50 per ASE. Their buy back price at the time was around $22.75. They'd be losing at lesat 75 cents per ASE they sold if those fees were accurate. A sale is one thing, but selling that much at a loss that big (for bullion) seems unrealistic.
<< <i>Even at 4.8% (6% then 20% off for top rated) and 1.9% paypal fees, they would net ~$21.50 per ASE. Their buy back price at the time was around $22.75. They'd be losing at lesat 75 cents per ASE they sold if those fees were accurate. A sale is one thing, but selling that much at a loss that big (for bullion) seems unrealistic. >>
Not when you do the volume they do on everything that is profitable. Besides, we don't know at what price they bought those ASEs.
Natural forces of supply and demand are the best regulators on earth.
<< <i>Even at 4.8% (6% then 20% off for top rated) and 1.9% paypal fees, they would net ~$21.50 per ASE. Their buy back price at the time was around $22.75. They'd be losing at lesat 75 cents per ASE they sold if those fees were accurate. A sale is one thing, but selling that much at a loss that big (for bullion) seems unrealistic. >>
Not when you do the volume they do on everything that is profitable. Besides, we don't know at what price they bought those ASEs. >>
Exactly.... If my memory serves me correctly, it hasn't been that long ago that silver was at or near $19.00 per oz.
As far as any "sweetheart" deals from eBay...I seriously doubt it, but you can always check with John Maben from MCM if they get any. Their volume is similar to that of APMEX's.
"Bongo drive 1984 Lincoln that looks like old coin dug from ground."
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
spoken like a true conspiracy advocate .. If your above assumption had any truth to it, APMEX would not stop with a measly 35,000 since they are one of the Authorized Mint silver buyers and I suspect they purchase more than 4 million silver Eagles annually. Just a drop in the bucket for them. Eliminate inventory....create an eBay following via a loss leader. >>
What are the chances that Apmex is paying the same fees as any regular store subscription seller? Pretty much zero.
Selling ASE's at $23 ($2.60 over spot) on Ebay with a regular store sub (7% fees) plus Paypal (3%) fees would net a regular seller about $20.75?
Currently Apmex's ASE buyback price (after a small drop in spot since this sale) is $22.57. Something does not compute. >>
It's known as a sale. Retailers do it all the time. APMEX's ebay fees are at most 6% (as are my store fees on coins and bullion) plus an additional 20% off of that for being a top rated seller. Their fees with paypal could be as low as 1.9% if they do enough volume ($100K monthly). >>
At the price they received after supposedly paying regular ebay fees, they could just as easily have punted those coins to other dealer(s) at a higher profit. They do a lot of volume and have a huge customer base on their own site. Surely they could have ran their own sale rather than losing out on ~5% of $850k ($42.5k!) in ebay fees.
While we don't know at what price they acquired those ASEs, bullion business generally run on replacement cost, not acquisition cost. They're now/still offering to buy random year/used ASEs from the public at $2.40 over spot. They sold on them on Ebay before fees/shipping at $2.70 over spot.
I don't believe in numismatic or bullion Santa. So unless they like losing money, the only rational explanation is that they aren't subject to the same fees that joe blow with an ebay store is.
I don't think that they pay any fees beyond the paypal fee and maybe a flat monthly fee. Before they started offering free shipping on most of their items, items were priced the same on ebay as they were on the apmex website using CC pricing. now they differ slightly due to the free shipping with the exception of the daily deals.
<< <i>At the price they received after supposedly paying regular ebay fees, they could just as easily have punted those coins to other dealer(s) at a higher profit. They do a lot of volume and have a huge customer base on their own site. Surely they could have ran their own sale rather than losing out on ~5% of $850k ($42.5k!) in ebay fees.
While we don't know at what price they acquired those ASEs, bullion business generally run on replacement cost, not acquisition cost. They're now/still offering to buy random year/used ASEs from the public at $2.40 over spot. They sold on them on Ebay before fees/shipping at $2.70 over spot.
I don't believe in numismatic or bullion Santa. So unless they like losing money, the only rational explanation is that they aren't subject to the same fees that joe blow with an ebay store is. >>
Had I not seen it posted here, I doubt that I would have ordered any had I received an email. I didn't really need them and was waiting for spot to drop so I could get some 2014s. Considering how many watchers they had, it was probably the most convenient way to sell them.
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
More likely part of APMEX's master plan to eliminate over 35,000 coins in inventory to make room for the 2014's. >>
Comments
Thanks!!
Just grabbed a roll of 20. With eBay bucks, I was under spot. Yippie.
Bob.
<< <i>Great. Another run on silver. >>
As a dealer that was a good opportunity to stock up.
Steve
Currency Wants: Any note with serial number 00000731
<< <i>I am sure they will do something similar in the near future....maybe even a better deal. You didn't miss anything >>
I wish I had your crystal ball that knows exactly where silver will be priced in the future.
<< <i>I am sure they will do something similar in the near future....maybe even a better deal. You didn't miss anything >>
Dec 22, 2013 similar deal @ $448 a roll.
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
More likely part of APMEX's master plan to eliminate over 35,000 coins in inventory to make room for the 2014's.
Natural forces of supply and demand are the best regulators on earth.
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
spoken like a true conspiracy advocate .. If your above assumption had any truth to it, APMEX would not stop with a measly 35,000 since they are one of the Authorized Mint silver buyers and I suspect they purchase more than 4 million silver Eagles annually. Just a drop in the bucket for them. Eliminate inventory....create an eBay following via a loss leader.
<< <i>
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
spoken like a true conspiracy advocate .. If your above assumption had any truth to it, APMEX would not stop with a measly 35,000 since they are one of the Authorized Mint silver buyers and I suspect they purchase more than 4 million silver Eagles annually. Just a drop in the bucket for them. Eliminate inventory....create an eBay following via a loss leader. >>
What are the chances that Apmex is paying the same fees as any regular store subscription seller? Pretty much zero.
Selling ASE's at $23 ($2.60 over spot) on Ebay with a regular store sub (7% fees) plus Paypal (3%) fees would net a regular seller about $20.75?
Currently Apmex's ASE buyback price (after a small drop in spot since this sale) is $22.57. Something does not compute.
<< <i>
<< <i>
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
spoken like a true conspiracy advocate .. If your above assumption had any truth to it, APMEX would not stop with a measly 35,000 since they are one of the Authorized Mint silver buyers and I suspect they purchase more than 4 million silver Eagles annually. Just a drop in the bucket for them. Eliminate inventory....create an eBay following via a loss leader. >>
What are the chances that Apmex is paying the same fees as any regular store subscription seller? Pretty much zero.
Selling ASE's at $23 ($2.60 over spot) on Ebay with a regular store sub (7% fees) plus Paypal (3%) fees would net a regular seller about $20.75?
Currently Apmex's ASE buyback price (after a small drop in spot since this sale) is $22.57. Something does not compute. >>
It's known as a sale. Retailers do it all the time.
APMEX's ebay fees are at most 6% (as are my store fees on coins and bullion) plus an additional 20% off of that for being a top rated seller. Their fees with paypal could be as low as 1.9% if they do enough volume ($100K monthly).
Natural forces of supply and demand are the best regulators on earth.
<< <i>Even at 4.8% (6% then 20% off for top rated) and 1.9% paypal fees, they would net ~$21.50 per ASE. Their buy back price at the time was around $22.75. They'd be losing at lesat 75 cents per ASE they sold if those fees were accurate. A sale is one thing, but selling that much at a loss that big (for bullion) seems unrealistic. >>
Not when you do the volume they do on everything that is profitable. Besides, we don't know at what price they bought those ASEs.
Natural forces of supply and demand are the best regulators on earth.
<< <i>
<< <i>Even at 4.8% (6% then 20% off for top rated) and 1.9% paypal fees, they would net ~$21.50 per ASE. Their buy back price at the time was around $22.75. They'd be losing at lesat 75 cents per ASE they sold if those fees were accurate. A sale is one thing, but selling that much at a loss that big (for bullion) seems unrealistic. >>
Not when you do the volume they do on everything that is profitable. Besides, we don't know at what price they bought those ASEs. >>
Exactly.... If my memory serves me correctly, it hasn't been that long ago that silver was at or near $19.00 per oz.
As far as any "sweetheart" deals from eBay...I seriously doubt it, but you can always check with John Maben from MCM if they get any. Their volume is similar to that of APMEX's.
<< <i>
<< <i>
<< <i>
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
spoken like a true conspiracy advocate .. If your above assumption had any truth to it, APMEX would not stop with a measly 35,000 since they are one of the Authorized Mint silver buyers and I suspect they purchase more than 4 million silver Eagles annually. Just a drop in the bucket for them. Eliminate inventory....create an eBay following via a loss leader. >>
What are the chances that Apmex is paying the same fees as any regular store subscription seller? Pretty much zero.
Selling ASE's at $23 ($2.60 over spot) on Ebay with a regular store sub (7% fees) plus Paypal (3%) fees would net a regular seller about $20.75?
Currently Apmex's ASE buyback price (after a small drop in spot since this sale) is $22.57. Something does not compute. >>
It's known as a sale. Retailers do it all the time.
APMEX's ebay fees are at most 6% (as are my store fees on coins and bullion) plus an additional 20% off of that for being a top rated seller. Their fees with paypal could be as low as 1.9% if they do enough volume ($100K monthly). >>
That listing generated around $805K in sales.
While we don't know at what price they acquired those ASEs, bullion business generally run on replacement cost, not acquisition cost. They're now/still offering to buy random year/used ASEs from the public at $2.40 over spot. They sold on them on Ebay before fees/shipping at $2.70 over spot.
I don't believe in numismatic or bullion Santa. So unless they like losing money, the only rational explanation is that they aren't subject to the same fees that joe blow with an ebay store is.
Before they started offering free shipping on most of their items, items were priced the same on ebay as they were on the apmex website using CC pricing.
now they differ slightly due to the free shipping with the exception of the daily deals.
<< <i>At the price they received after supposedly paying regular ebay fees, they could just as easily have punted those coins to other dealer(s) at a higher profit. They do a lot of volume and have a huge customer base on their own site. Surely they could have ran their own sale rather than losing out on ~5% of $850k ($42.5k!) in ebay fees.
While we don't know at what price they acquired those ASEs, bullion business generally run on replacement cost, not acquisition cost. They're now/still offering to buy random year/used ASEs from the public at $2.40 over spot. They sold on them on Ebay before fees/shipping at $2.70 over spot.
I don't believe in numismatic or bullion Santa. So unless they like losing money, the only rational explanation is that they aren't subject to the same fees that joe blow with an ebay store is. >>
Had I not seen it posted here, I doubt that I would have ordered any had I received an email. I didn't really need them and was waiting for spot to drop so I could get some 2014s. Considering how many watchers they had, it was probably the most convenient way to sell them.
Out for delivery today 01/22.
<< <i>
<< <i>Not too shabby. Apmex must have one hell of a deal with Ebay to pay almost no fees to be able to offer them for that price. All part of ebay's master plan to eliminate the little sellers from their site, perhaps? >>
More likely part of APMEX's master plan to eliminate over 35,000 coins in inventory to make room for the 2014's. >>
When might we see the first "sale" of 2014s?