Nobody's interested in Plats it seems.
jmski52
Posts: 22,867 ✭✭✭✭✭
I'm trolling ebay with several Plats and I can't even get anybody to "watch" my auctions. It's like a desert out there. Maybe it's time to buy?
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I knew it would happen.
I knew it would happen.
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This portends a low sales number for the 2017-W Proofs. Doesn't it? Maybe?
I knew it would happen.
Platinum looks just like silver....no warm fuzzy feeling.
People like quantity or quality so they'd rather have 60oz of silver than 1 oz of plat.
Knowledge is the enemy of fear
if you can't sell what you have its never a buy signal
Kidding aside , since the days of "best match" whether anyone ever sees your listings is not guaranteed.
Try using your extra ebay ID's to watch it , make sure its free shipping that helps in search , don't list everything at once , each new listing gives you a boost in search standings so listing 20 things in one day is counter productive.
Try using extra ID's to ask questions over your main ID that is selling, questions asked boost search standings , questions answered also boost search standings. Try adding a best offer , offers made appear to boost you in search even if you decline them. A friend of mine had me make offers on a few of his items that he declined and the items sold later in the day , coincidence? Maybe . Note that they weren't auto declined we did the whole 3 back and forth offers thing and ended in no sale.
If its a pricing thing , list them in US coins not bullion maybe the chance to get ebay bucks will get the buyer over the edge. With coins it makes very little difference what category you list in. Only ebay old timers tunnel into the categories when searching. The rubes use best match right from the top level and people on mobile devices might not even know categories exist , I've heard 40% over buyers supposedly are on phones and tablets. If true 40% of your potential buyers pool are either without a real computer or just idiots by choice.
All that is too much work if you have a store with a 100 items or whatever like I do but if you just want to move a few things its worth the extra effort.
Funny, isn't it, how you can't sell the stuff now that it's cheap. Back when platinum was expensive, they were flying off the shelves.
Yet another example of the ol' "Buy High, Sell Low" principle, which for some reason is practiced much more in real life than it's better-known opposite.
Here's a warning parable for coin collectors...
This.
Liberty: Parent of Science & Industry
Not much of anything seems to be selling. I see all types coins being relisted for months that would have sold fast last year at their current prices ~IMO.
I don't understand it. I've always found Platinum intriguing.
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They're some of the most beautiful coins we have. I've lost thousands of dollars on them. It is trying to make a market in them where I feel pain. Ah, but I do love their designs and should have stuck to collecting them, not dealing them.
speculators like to see definitive, positive price movement before they jump in. They will pay a bit more for less risk that sideways or downslide offers.
"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
No thanks, I'll stick with gold and silver. I do usually buy the 1/10 US pieces at spot from LCS (he hates it) so I flip it and usually make 30-40.
Platinum in my opinion is in no mans land for stackers and investors. Not historically used as money ( minus a few Russian coins) industrial uses are not really abundant (and declining with the auto industry) and it is hard to create into jewelry. I did buy it for the engagement band and wedding band for my fiancée, but that is probably the extent of me wanting to own it for the foreseeable future.
Plus Russia has stockpiles of it hidden away...
Start it at 99 cents with free shipping, you will have lots of action. That is what I do when I want something to sell.
I'm a buyer of Platinum at the current time/prices (in the current fiat disaster:left the track). I'd be happy to take if off your hands, but diversification is key and I've been hammering a few particular cryptos this week. Hang in there, better days ahead
I actually was looking at buying some the other day but it is hard to buy without excessive premiums. The cheapest price I've seen for an ounce is still about $50 over spot, and grams seem to be $10 over spot each. It's hard to want to buy when you need prices to increase at least 5% to break even and on grams 33%
I put up a slew of modern gold, silver and platinum Moderns listed at or near what I believe to be market pricing and if I had to sell, I would of course keep dropping the prices until they caught a bid. This approach has worked fine for the gold and silver, but I may in fact have to sit things out with the Plats until the market re-asserts itself (which could still be awhile, based on what I'm experiencing.)
But I don't have to sell, and this is what I keep preaching - keep a very healthy cash reserve and take your time both accumulating and divesting. Just keep an eye on the ratios of your holdings as you proceed, and always try to keep a tax neutral balance between gains & losses.
I'm just pruning a bunch of misc extras to make room for more bullion and there's really no big reason to "churn the account". If I were to sell a bunch of platinum at a loss, then I'd have to sell some "cheap" silver for balance.
Of course, the real objective is to sell it when there's nothing in the portfolio that's even in a loss position.
I knew it would happen.
Anything will sell, if it's priced correctly.
Yes, ideally.
PS: If someone finds a way to be "tax neutral" and still strongly "profit positive" in investing, please let us know!
Liberty: Parent of Science & Industry
thats an easy one
all you need to do is
REDACTED
This post will self destruct in ..........3........................2.......................1...........................
_ If someone finds a way to be "tax neutral" and still strongly "profit positive" in investing, please let us know!_
Become Secretary of State, approve some shady deals, start a foundation and then solicit donations from wealthy foreign business leaders and heads of state?
I knew it would happen.
Don't be surprise when the Special Council investigation of the alleged Trump collusion with the Russians eventually expands and starts investigating the Russian donations to the Clinton Foundation soon after Hillary approved the Russian purchase of 20% of the US uranium assets.
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
We can hope!
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It takes 100 tons of hard rock mining to make 1oz of Pt.
100% Positive BST transactions
Platinum is back on the menu for me in the coming week, what ya got?
I love the little white metal.
Heavy metal is toxic
If the designs are so wonderful why did the mint choose to put them on a metal that would sell so few pieces? All those platinum designs everyone likes would have sold millions as 1 oz. silver or even as commemorative dollars
A successful Roth IRA brokerage account can do just that.
"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
http://www.snopes.com/hillary-clinton-uranium-russia-deal/
I'm not sure what this has to do with platinum, but I am grateful to read some investigative effort addressing the uranium deal allegations floating around involving the Clintons. It's been difficult to find an objective voice on either side.
So thanks for that.
Here's a warning parable for coin collectors...
You had to go and kill a good conspiracy. Dang you!!
Knowledge is the enemy of fear
Snopes is not the most trusted news source...
Agree. They have a reputation for having a left wing bias.
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
So it's like Zerohedge? Ooops, sorry, that's Russian backed. My mistake.
Knowledge is the enemy of fear
Most everything posted on the internet (and elsewhere) involves an agenda. Take the previous post for example. . .
It is the reader's responsibility to develop an informed opinion based on many sources. Or just accept things like Consumer Price Index, Inflation rate and Unemployment statistics strait from the "horse's" mouth.
"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
Yes derryb, and that's why I've always advocated getting ones boots dirty and travelling this great land. This you can do on a horse, but I would recommend the equivalent of several hundred horses to speed the journey....it's an awfully large country.
Knowledge is the enemy of fear
With platinum at these prices, I've been picking off some of the MS-70 and PR-70 specimens that I need as upgrades. I'm wondering if this will be one of the last opportunities to upgrade at reasonable prices.
I knew it would happen.
Isn't a palladium coin due out this year ? It coincides with the rise in prices for that commodity, if so. And at these prices, some is always better than none.
And I like your strategies and thinking, jmski52. And I like entertaining COINSpiracy theories.