It was not that the price was to high that I did not bid, It was the quantity was too small.
When I did a search before listing, of how much other sellers ask for the material and how much material, I was also :shock: of how little this person was selling ,and how much people were willing to pay for it! Check this seller, for example:
http://www.ebay.com/itm/12-grams-of-Scrap-Gold-Coated-CPU-Pins-fingers-for-Scrap-Recovery-1-/251461991658?pt=CPUs&hash=item3a8c4d7cea
he sold a 12g lot the other day for $16.00, and he's still selling more lots and asking almost $10.00 for it! I'm selling more than double the material.
At $9.99 for " 1 " ounce, that equates to $159.84 per pound for an unknown gold plated electronic item.
Unknown to others, but not to me. That's why it states in the listing: "PLEASE, DON'T BID IF YOU DON'T KNOW WHAT YOU ARE BUYING!!!"
I know exactly how much gold the connectors yield; Idid a test, and the yield is 5grams per pound. At fridays spot that's $213.58 per pound.
How many gold plated items do you know of that consistently return that much
I know quite a few! The "color" gives them away! One example, the pins in the picture! The yield,1 T oz. of gold per pound, and there was a total of around 4 pounds of pins in two batches!!!
Those items are few and far between and are considered a bonus when found
That's so true, Tom! That's why I still have hundreds of pounds of high yield boards laying around! 8) Like this one that yields 4 grams per pound.
My limit on purchases is at $100 per pound of "known" high yield material.
That's why I won't sell any more lots of these connectors, and maybe won't sell anymore on e-bay. But then again, there's a bidder... :mrgreen:
Seriously, the 12% in fees, plus the free shipping fees doesn't make it worth the while. I was just trying to get rid of some of the material that I have around... but, I won't do that a loss!
Thanks for your input! 8)
Phil
