posted on November 5, 2010 06:54:18 PM new
Does anyone sell gold on Ebay?
With the high FVF and the cheap skate mentality of the bidders,why would anyone want to sell high gold content items on Ebay?
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on November 6, 2010 02:56:05 PM new
From time to time I sell scrap gold. These are low dollar amount items, though, typically under $200, and I ship with signature confirmation. Never had a problem. I can give you the names of some eBay buyers I trust whose email addresses I saved before the communication blackout.
If I wanted to sell one of my heavy 14k gold necklaces, though, I would NOT do it on eBay. I'd just contact one or two reliable buyers privately. I would get a much better price than through those Cash4Gold places.
posted on November 6, 2010 05:20:02 PM new
I sold a lot of gold last year on ebay and did very well.
I've sold a few lots this year and did equally well. 99% of it went to the same buyer in Miami Fl.
I have a friend that had a small lot of gold to sell so we went to a local estate sale person that I know very well. He offered her $325 for all it - she didn't take it but sold it on ebay for $575.
I start all my lots at 75% of scrap value and let it go. It normally sells for 95 to 98% of scrap value. I'm happy with that.
PS - I sold most of mine last year on the $20 limit on FVF so my fees were not too bad at all. Too bad we don't have that option anymore.
posted on November 7, 2010 09:12:50 AM new
I follow this market closely. It's my business. Has been for 35 years. I buy and sell quite a bit of gold, in all forms, off of Ebay.
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I sell my scrap gold(which contains a lot of usable nice jewelry) directly to refiners, or more often to the middlemen who buy for 1-2% below what the refiners pay. That price, the price that the middlemen pay...that's the price that most of the scrap gold on Ebay sells for. For the buyer, like the Miami guy who's likely a middleman, it's a win-win situation. They pay the same from their living room as they do when they have to run around town buying from jewelers. From the buyer's point of view......it's a good deal. For the sellers...you get the right price minus the Ebay/Paypal fees, so you get 10-15% below the right price.
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There are a few buyers off of Ebay who would be ready buyers at some compromise price, like 5-7% below the right price. That's the price that I pay in my real-life dealings.
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So, if you're a seller, the easiest and more profitable path is to find somebody like me.
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posted on November 7, 2010 07:05:15 PM new
In Hong Kong,retail jewelry stores have electronic board which shows the spot price of gold and they will buy your gold right on the spot.
They have 4 categories and 4 different prices-gold bars and buillions;gold with little decorative work,such as gold chains;decorative gold figurines such as plaques, dragon,longevity man and any Chinese Zodiac animals made by the jewelry store;and last,decorative figurines/plaques made by other jewelry store.
So you just walk up with your gold and they gve you cash and you walk out and there is no tax to pay nor do you have to report to any govt agency.
They are not interested in any pieces less than 24k pure gold and not interested in silver.
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There is no 'Global savings glut',only wild horses and loose bankers.
posted on November 7, 2010 07:47:20 PM new
It is always good to hold on to your personal gold holdings,you never know.
also we may not be able to replace them.
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There is no 'Global savings glut',only wild horses and loose bankers.
