3/05/2012

Ebay and precious metalls

During the last weeks I took a look on the trades for precious metalls on ebay.de. Compared to proaurum.de you can see no price advantage at single coin level. Actually all the auctions end at spot price level; and than you have to add transport costs and a little more risk, as you deal with a private person.

Picture changes when you trade lots of 50 or 100 silver coins. There you can get a discount - not huge but maybe 5 per cent.

What you really should look at is: trade only known coins like Eagles, Marple Leafs or Philharmoniker. There is lot of stuff on ebay, that is not really silver or gold, but only with a shiny topping. Its not a scam, because when you carefully read the fine print the precious metal content is stated. But its cumbersome to figure out what is real silver or gold, and what is only a shiny mint with little value. Stay with what you know - it's hard enough to get a good price on those.

1 comment:

  1. A sign that even the broader public have cottoned on to the idea that buying some gold might be a clever idea - Degussa now advertise their business on the radio. I was amazed, this is the first time ever I'd heard a gold selling business advertise on a general news channel.

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