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dakota1955
1000+ Penny Miser Member
2212 Posts |
 Posted - 04/15/2010 : 15:46:13
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I see that a auction is going on ebay now for $200 face of unsearched nickles. Current bid is $240, are nickels that hard to get that they bring that much more over face? 260583967442 is the ebay number.
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Deathsled11
Penny Sorter Member
55 Posts |
Posted - 04/15/2010 : 15:54:15
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| wow thats the first time Ive seen nickels being sold like that. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 04/15/2010 : 16:01:00
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I don't get the impression that nickels are that hard to get. I have no trouble with my $10 - $20 nickel purchases and I'm pretty sure that my main bank would order $200 worth for me if I asked.
I think that the bidders are fixating on the potential for war nickels and buffalo nickels without realizing that these are the exact same nickels they can buy at their local bank for face value. Also, I think that many people are so used to dumping coins at the bank that it never dawns on them that they can actually buy coins from the bank.
"A fool and his money are lucky to get together in the first place."
Gorden Gecko
(Wall Street)
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Corsair
Penny Hoarding Member
811 Posts |
Posted - 04/15/2010 : 16:01:06
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| Is that not a Realcent member? |
So long, Realcent 1. Come visit us at Realcent.org! |
Edited by - Corsair on 04/15/2010 16:01:31 |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 04/15/2010 : 16:18:08
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| It could be and I have no problems with the sale. I just if people expect to find great riches or what. I know what I find every week and some weeks its not that great. |
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1945V
Penny Pincher Member
Canada
153 Posts |
Posted - 04/15/2010 : 19:00:30
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He got $240 for $200 worth of nickels.
But I don't think he really made much money on that deal in the end.
eBay fees are about 9% ==> $22
Paypal fees are 3% ==> $7.20
Seller gets only $10 and Ebay makes $30.
It does not make sense to sell coins or bullion on eBay.
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NotABigDeal
1000+ Penny Miser Member
USA
3890 Posts |
Posted - 04/15/2010 : 20:24:53
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I see no problem with the sale. Buyer is happy, seller is happy. Money is money after all....
Deal |
Live free or die.
Plain and simple.
"If you love wealth more than liberty, the tranquility of servitude better than the animating contest of freedom, depart from us in peace. We ask not your council or your arms. Crouch down and lick the hand that feeds you. May your chains rest lightly upon you and may posterity forget that you were our countrymen."
- Samuel Adams |
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dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 04/16/2010 : 10:48:02
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| I know that there is no problem with the deal but what I can't understand is why not go to a bank and get them for face. 20% over face to me is more than it's worth. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 04/16/2010 : 10:56:36
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| Maybe the buyer lives out in the boon docks and the closest bank is 30 miles away and he just read an article about hoarding nickels :-) |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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specialbob
Penny Sorter Member
USA
56 Posts |
Posted - 04/16/2010 : 22:14:13
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Interesting. I've sold a lot over the past 10 years or so on eBay. In fact, between 2001 and 2005, I sold on eBay full time. I like to say it was when I worked in my underwear all day and made 6 figures (gross, not net!).
Right now, I sell things on eBay that either cost me nothing or close to it. The money I make gets split 3 ways... to my bank account, to buy Silver Eagles and to buy books on finances, survival, etc dirt cheap. |
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specialbob
Penny Sorter Member
USA
56 Posts |
Posted - 04/16/2010 : 22:15:18
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| I also plan on saving up some of my eBay sales $$ and buy a new metal detector and a Ryedale. |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 04/16/2010 : 22:29:33
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It's a "convenience fee."
And of course.. eBay is happy!  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
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ebay auction
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