posted on April 20, 2012 08:42:38 AM new
I have been trying to find out how to sell gold on Ebay-solid 14k and 18K gold.
I see many listings where the markup is like 75-120% of spot price.
Is this a fair markup?
posted on April 20, 2012 11:14:06 AM new
If you can get someone to pay it is a fair price. Go to ebays search page just beyond the blue button on the right there is an additional search feature click it. type in gold scrowl down to auctions that have ended click the box and enter this will give you an idea of what gold is selling or is not selling for. If you are thinking of buying gold at spot price and marking it up, that would be too risky for me.
posted on April 20, 2012 11:43:36 AM new
well,unless you are sitting on a motherlode of gold accumulated from way back when gold was 375,then you have to buy gold at spot price when gold falls!
Is there a wholesale price in gold ,if so,please share the dealer list with us ?
I bought some gold and marked it up 40% and it takes awhile to sell them,after Ebay and Paypal fee and insurance and shipping,the net is not 40%.
So I am wondering for those sellers who mark them up 100%,how are they doing?
I will take a look at completed auctions,thanks.
posted on April 22, 2012 12:04:05 PM new
If the seller is selling scrap gold,the bidders will bid according to the bid price not the ask price.
After taking out FVF and Paypal fee,the seller may as well sell it to the local scrap dealer !
here is the link to bid and ask price
http://www.apmex.com/Category/1158/1_oz_Gold_Bars_Only.aspx
[ edited by lostmymojo on Apr 22, 2012 12:09 PM ]
posted on April 22, 2012 02:11:28 PM new
I've sold gold on ebay and have had friends that did the same. Locally you will be offered 60 to 70 percent of scrap value - if that. List it on ebay and you will typically get as much as 95%.
If it's fine jewelry - well that a different story. It total depends on what you are selling and the appeal to buyers.
posted on April 22, 2012 02:31:32 PM new
I dont know if local scrap dealer offers 60-70%,I think you get close to 90% of the bid price.
even if you get 95% on Ebay,after FVF and paypal fees,you could be getting 60-70% as well,and then comes Paypal 1099MISC !
and dispute like item not as described !
Fine pieces bought to wear ,not to scrap,yes,you get more than 100%!
