Coin Dealer Vs Ebay

in steemsilvergold •  7 years ago 

In this video i speak about the benefits of selling your gold and silver to a coin dealer vs Ebay

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Im still getting to grips of things over here

The first time I went to a coin dealer they had a set price of how much I could get in the first transaction. In order for me to buy from the coin dealer my purchase had to be 1500+.... On eBay the only con is making sure you are buying from a credible seller, which you can find out by looking at the sellers feedback. Overall good feedback is how to find good sellers on eBay.

Some dealers do have a limit but its a lot rarer now.

another very interesting video, Also sellers should be away of dodgy buyers too, Just look at what happened to Regal Stacker.

Good old regal

Another great video dude. selling is alot harder than buying. i guess it comes down to horses for courses and what works for you..The market is rather flat and a lot of sellers just don't have anything listed anymore on ebay. even thelondoncoincompany and quite a few i bought from in the eu in the past from. so maybe they just not able to make money on ebay and just sell on there sites...Rm are on ebay as well. wonder for how long or where if anywhere these dealers have gone or are they just siting on stock and waiting till market picks up again. a vote from me for this one

Thanks Rox

Thanks for the great video. Great tips to know for when the time comes to sell.

Welcome SW

Interesting topic. I think I would lean towards selling to a dealer or collector over Ebay.
I do look at Ebay every so often to see what items are selling for and I find an item that is undervalued. Sellers seem to be making very small profits once fees are factored in. Followed and UV by a member of the #steemsilvergold community. Welcome!

Thank you lesvizable

Thanks for the tips. My LCS does not care about a premium for any special bullion coins. I have interesting bullion silver coins that are Proof and low mintage. The LCS will pay only as much as for a generic round silver coin.
Even Perth Mint or even Pandas, the LCS sells at a premium but doesn't pay anything over their generic round pay price.

Some lcs dealers can be W**kers. Guess greed plays a big role there

Great topic and both sides of a transaction should always do their homework and make sure to have as much faith in the other party as possible. Great Video and as always love it!

Thanks dwing