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re: Tips from MT Coin Collectors
Posted on 1/9/13 at 11:56 am to LSUtoOmaha
Posted on 1/9/13 at 11:56 am to LSUtoOmaha
quote:
Who cares about the spot price..the consumer sell market for silver imo is eBay
I noticed that the other night... There was a 1oz bar for $38 on ebay with a ton of bids, but when I went to the website of the bar maker, they were selling the same bar with free shipping for $33
I felt like I was taking crazy pills
Posted on 1/9/13 at 11:59 am to Lsut81
Right, eBay inflates the market by probably 5 percent of the spot price at minimum. Tonight I'll run some numbers and let you know. Too bad eBay has kind of high seller fees; otherwise there could be an arbitrage opportunity.
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