Home› Precious Metals

Anyone care on how to maximize your bullion purchase on eBay?

2ltdjorn2ltdjorn Posts: 2,329 ✭✭✭✭
in Precious Metals

I've seen folks mention eBay bucks/rewards and CC cash back.

What's your strategy?

WTB... errors, New Orleans gold, and circulated 20th key date coins!

Comments

  • BAJJERFANBAJJERFAN Posts: 31,082 ✭✭✭✭✭

    Generally you can't get eBay bucks unless the seller lists it out of the bullion category. Otherwise wait for a favorable price over spot [say $19.99] and get the 1 or 2% reward points from your CC. Much better when spot is $1225 than when $1325.

    theknowitalltroll;
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭

    Buy here. Pay here.

  • Jinx86Jinx86 Posts: 3,710 ✭✭✭✭✭

    I buy most of my bullion at work. That is unless I can get a great deal online, sometimes it happens to be ebay.

  • BochimanBochiman Posts: 25,382 ✭✭✭✭✭

    I've found the best way to buy bullion, on ebay, for any savings, is to buy other items to get ebay bucks, and then use the ebay bucks to buy from the bullion category (people jack up the prices when not in the bullion category) and use my 2% cash back CC.

    The exception to this, that I have seen, is some random 1/2oz gold commems (modern). I was able to get them just over spot, get ebay bucks, AND get my 2% back.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • derrybderryb Posts: 36,830 ✭✭✭✭✭

    Buy with bonus bucks then spend the bonus bucks on more bullion. It's the only way I buy bullion on ebay and I buy quite regularly.

    "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

  • OPAOPA Posts: 17,121 ✭✭✭✭✭

    Follow the: "Post metal deals here"...thread. Lots of great deals discovered by following it.

    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • BochimanBochiman Posts: 25,382 ✭✭✭✭✭

    Ok, to follow up on my earlier post, since there are ebay bucks this weekend, for some....

    Current spot price for the weekend: $1319.40
    Current ebay price for 1oz modern gold commems (from Apmex) that are NOT in the bullion area and are, therefore, eligible for ebay bucks: $1395.82
    At 8% ebucks reward, amount back for this purchase at end of quarter: $100.00 (maxes at $100 per transaction, up to $500/qtr)

    Amount that the 1oz gold commem costs you after ebucks IF you can use it for something you would have purchased anyway: 1295.82

    Amount BELOW spot: $23.58

    So, that is how you buy gold BELOW spot on ebay (most of the time, if it is possible)

    ebay.com/itm/U-S-Mint-1-oz-Gold-Commemorative-Arts-Medal-Random-SKU-8894-/141475212495?hash=item20f0946ccf

    Else, at ~$22 over spot ($1341), but no ebucks, here is a gold 1oz AGE at one of the lowest prices I currently see (for over spot difference) in awhile.
    ebay.com/itm/Sale-Price-1-oz-American-Eagle-50-Gold-Coin-Random-Year-/161743203096?hash=item25a8a56b18

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • BochimanBochiman Posts: 25,382 ✭✭✭✭✭

    If you want to do 1/2oz at a time, they also have the modern gold commems in a non bullion category here:
    ebay.com/itm/1-2-oz-Gold-First-Spouse-Coins-BU-PR-Random-Year-SKU-42641-/121832138407?hash=item1c5dc2e6a7:g:9EUAAOxy3NBSi4fF

    Note: You only come in a couple of bucks under spot this way, and you would have to do it 1 order, for 1 unit at 1/2oz, at a time, in order to max out the ebucks and get the savings.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • BochimanBochiman Posts: 25,382 ✭✭✭✭✭

    Oh, final note:

    If you have a cash back credit card, like many do, you can use that and get the cash back there as well. I have a card that gives me 2% cash back at the end of every month, based on what I spend, on everything I charge.
    I pay it off each month, so it is a good thing for me to use.

    I've been told I tolerate fools poorly...that may explain things if I have a problem with you. Current ebay items - Nothing at the moment

  • bronco2078bronco2078 Posts: 10,229 ✭✭✭✭✭

    I know a guy that bought silver way below melt on ebay.

    Stupid sell your item form tripped me up yesterday , I was listing using sell similar and for some reason even though I changed the price to what I wanted it reverted to the original . Then I didn't check the listing after it was live and 3 minutes later poof. :D

    Very efficiently he maximized his purchase and I minimized my sale simultaneously . I have been on the other end of that so I guess what went around came around

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,294 ✭✭✭✭✭

    Prices keep dropping, so wait and be patient.

Sign In or Register to comment.