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Are grab bag sales allowed?

BcookieBcookie Posts: 57 ✭✭
in Precious Metals

If I want to sell my stack of silver in lots of 5 random pieces for 92.50 each lot.. Is that type of sell allowed?

Comments

  • TomBTomB Posts: 21,236 ✭✭✭✭✭

    I know I won't be able to find it with the search feature, but in the distant past I believe there was a thread by PCGS that raffles, grab bags and the like were not allowed on the site. Regardless, I think you would likely encounter very little interest in what you are proposing.

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  • PerryHallPerryHall Posts: 46,137 ✭✭✭✭✭

    @Bcookie said:
    If I want to sell my stack of silver in lots of 5 random pieces for 92.50 each lot.. Is that type of sell allowed?

    Why are you going the grab bag route? Seems like a strange way to sell silver.

    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

  • bronco2078bronco2078 Posts: 10,225 ✭✭✭✭✭

    buyers don't want grab bags unless they are physically in the room to pick what they want.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    I would not bid/buy on a blind offer. Have passed them up on ebay and other sites. Cheers, RickO

  • Geckster109Geckster109 Posts: 231 ✭✭✭

    Offering 5 pieces of random 1oz generic silver at a specific price point is not a "grab bag". Definitely should be allowed.

  • BaleyBaley Posts: 22,660 ✭✭✭✭✭

    He didn't say, "1 oz"

    Liberty: Parent of Science & Industry

  • Geckster109Geckster109 Posts: 231 ✭✭✭

    @Baley said:
    He didn't say, "1 oz"

    He has a stack of 119oz in 1oz pieces as observed from his other posts.

  • hchcoinhchcoin Posts: 4,829 ✭✭✭✭✭

    I think you would have more luck if you split up your stack into smaller amounts of the same thing to sell. I think selling your stack for $2,100 as a new member is going to be tough finding buyers. For example, sell your eagles in lots of 20 or less and include shipping in the price. I would be more open to buying 5 silver eagles from you than 119 ounces just because I don't want to take that big of a risk with someone who only has 48 posts and no references that I know of. I wouldn't be as interested in a grab bag either.

    Good luck :)

  • BcookieBcookie Posts: 57 ✭✭

    Lot has been sold in total.. thanks guys

  • derrybderryb Posts: 36,823 ✭✭✭✭✭

    even ebay requires that one "identify all contents of the grab bag in the listing."

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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