@jesusrocks3339 wrote:
I agree with above posters, and it does seem the lower priced ones sold recently were by private sellers, not major PM Dealers. So the sellers were either not too schmart, out in the boonies-maybe without good access to decent paying dealer or just wanting the quick fast turnover that eBay can deliver at times. Or like others have said, a combo of sorts.
Another thought to consider of course is that the item(s) could be fake. Fake gold perth mint/carded gold is out there. A dealer in my area got stuck with some. I have heard that all you have to pay on certain websites is the shipping, and you can own your very own gold bar for about 4 bucks. I bought Morgan and Peace dollars from a customer yesterday who also sold me a 10 gram JM gold bar who said he had some fakes at home sent to him from one of the websites. I think they are 1 oz, but I can't quite remember on that. He is going to send me one of the fakes for an example. If he does I will post a pic of it.
Bullion is mostly blech anyways. The buy/sell spread is so low that to be competitive as a dealer you almost have to deal with it for a service to humanity. I am over it. And then Minnesota finally got rid of the sales tax, but only on the .999 marked bars and rounds. But not bullion coins or 90%. The whole bill is a mess IMO.
I'd much rather deal in 'ol US coins. Oh in the 80 or so dollars I just bought on is a 1928 plain Peace dollar, so that was exciting as I haven't seen one for awhile. I checked it on VAM site to make sure it was not messed with (mm removed). That wasn't too hard this time, only a few varieties that are out there (that they know of really I guess) and this one fit in with VAM 1. So it should be good to go after the two week hold. I am looking forward to id'ing the others so it lit (ok a very small) fire under meself to get rolling on stuff again. I needed the push....
sorry, to blab on, should I delete? nah, who cares
Belated long-time no-see "hola" to you...
The fake Pearth bars (both green and black carded) are everywhere...
hopefully they were at least made of gold...
The fake Pearth Bars aren't.
And the boatload of fake Scottsdale and JM silver bars at 8 bucks a pop that are rampant on a site we all are familiar with don't contain any silver either.
In fact the situation has gotten really ugly now, with mountains of fake Morgan Dollars, fake ASE's, and fake 8 Reales being openly listed (sometimes disclosed as fakes, sometimes not) with impunity. But I digress...
Well, even at 60 to 65% actual gold content, the deal was not a total loss!
Probably better than playing the 'table' at Lost Wages. Ha!
There are fake American gold coins (pre-'33) in the broader marketplace too. While "numismatic" fakes typically contained some actual gold, the current crop are gold plated titanium. One I saw was worked up to look like a polished ex-jewelry double eagle with a removed finding - and extra heavy plating around the sawed area to fool anyone filing into it to test it. I still digress.
...it does seem the lower priced ones sold recently were by private sellers, not major PM Dealers. So the sellers were either not too schmart...
They've got the Search on this site really messed up now... don't know if you've spent much time with it lately...
You end up on these landing pages... it's about impossible to see all the listings in any one category. They've pretty much gone to Item Specifics & Artificial Intelligence driven search results... they curate a list of stuff for you to look at that won't contain a lot of what you wanted to see and will contain a lot of that you didn't want to see. The whole thing is tilted toward "favored" sellers (the guys who have the special deals with eBay)... that may explain the results you noted. In bullion they promote the snot out of the major dealers, small time private sellers may not have their listings seen by very many people.
When in Rome I suppose... as a result of this mess, I was able to pick up several decent size lots of mixed foreign silver here recently, all well below scrap metal value (one for $8.45/Oz., another for $9.21/Oz.). At least 90% of the coin AUCTION listings now end with no bids... it's sort of a trainwreck... a very long and slow one.
The Floggings Will Continue Until Morale Improves.
