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HigginsMechanical said:
goldenchild said:


Unbelievable.... The watch bands still have the stainless steel backs, so there is maybe 20% total weight of most likely 1/20th 10k gold filled pm's. So, 915g x .20= 183g of 1/20th 10k gold filled at a current spot of $1,565.50= $192.00 at spot price. They paid the seller $1,035!! :roll:

He will soon be here (buyer) asking about his ounce of gold disappeared in solution and how to get it out. :mrgreen:
 
Hmmm this must be good, he says he used the Aqua Regina method. I'd like to meet her some day!

So he supposedly goes through the hassles of refining it himself, then doesn't test it? First he calls it 23k-24k then he estimates it must be .9995 because of the method he used? It doesn't look that pure to me!

http://www.ebay.com/itm/220922958674

macfixer01
 
Claudie said:
23K-24K = .9995 Fine Gold.... :roll:


Or as a low as .9583
Seriously though, look at the picture. It doesn't look clean enough to be 23-24k does it? Or am I just being fooled by a poor melting job? His $1350 reserve price seems to be based on just over 21K though so if it is s good as he claims someone may get a bargain. Being Ebay though, I expect it'll shoot up last minute and sell over spot price.

macfixer01
 
If he melted with oxy/acetylene it may create the dull surface on the top, need to see bottom.
 
jack_burton said:
goldenchild said:
jack_burton said:
...but then I am pretty new to this.
First time you ever plug somebody?

I am not sure what you mean? Care to explain?

http://www.youtube.com/watch?v=t6FRcnKFTVg&feature=related

at 6:05

I thought since your name was jack burton and you were pretty new to this... and the tec 9... with the shootin... Ah. Nevermind

Edit: I decided to just post the url for the video because the still youtube decided to use looked really bad!
 
Anyone want some OLD gold fingers?!?!?!
http://www.ebay.com/itm/1-LB-Gold-Scraps-Recovery-Gold-Finger-Old-Used-Mix-453g-/190626362105?pt=LH_DefaultDomain_0&hash=item2c623772f9
Make sure to look at his other scrap gold auctions
http://www.ebay.com/sch/alworldwide2011/m.html?_nkw=gold&_sacat=0&_odkw=&_osacat=0&_trksid=p3911.c0.m270.l1313
 
They look so much bigger there than they really are. I guess it does pay to have a good camera....
 
I know it's not ebay but anyone looking for a large induction furnace?

http://auction.repocast.com/details.cfm?ID=733027
 
I decided to run a little experiment to see how expensive gold is on eBay:

I found gold bullion placer size auctions (little nuggets and/or flakes) and placed "spot" bids at 24K rate, although most placer is what, 22K or so.

Here were the results:

Grams | Spot | Sold for| Amount Over Spot
0.097- $5.11- $7.53- $2.42
0.057- $3.00 - $7.38 - $4.38
0.149- $7.85 - $10.00- $2.15
0.058- $3.06 - $7.73 - $4.67
0.113- $5.96 - $9.55 - $3.59
0.062- $3.27 - $6.01 - $2.74
0.142- $7.49 - $12.01- $4.52

Average of $108.72 over spot for 1 troy ounce.

Now, I know little nuggets are in practice worth a little more than spot, but factor in they are only 22K at best...

Lesson I take: Don't buy gold from Ebay. SELL gold on Ebay. (sorry my chart isn't very clean)
 
I thought placer gold was more around the 18K mark. Just depends on where it's from I guess.

Furthermore, I have not been pleased with the recent changes at ebay in that you can no longer leave negative feedback for a non-paying bidder. It's become a seller beware situation with them taking peoples money when buyers have the slightest complaint. I had 3 cases one right after another, and to be honest with you I never knew it had gotten like this on ebay, then I googled it and a whole bunch of stuff came up so I read for a while. Seems they only want the big sellers on their site selling and the little one can go....you know. So I will be done with them soon and paypal as ebay owns paypal. It was good for about 15yrs I guess, just goes to prove that change usually means someone's getting screwed.
 
Smack said:
It was good for about 15yrs I guess, just goes to prove that change usually means someone's getting screwed.

The good ended a long time ago. Even the buyers get screwed and hassled, not just the sellers.
Ebay always takes the easy way out for themselves, and they follow their stupid rules without listening to the problem. I stopped selling on there many years ago. And even buying you have to be very careful anymore.

Jim
 
I came into some extra stuff last year, collecters items, mostly. So I got an eBay account and sold some of it. It went OK, no complaints or anything like that.

After not selling for a few months, I put up an auction for four silver eagles which were slightly rare. Just after I posted it, silver spot dropped, and I had the starting price at spot, so they didn't sell. But I got a notice from eBay/PayPal that my account would now have a hold on it. It would take a couple of weeks to get paid. They didn't specify exactly why, just that my account activity was reviewed, and they decided to put the hold on it.

My guess is that they thought I might have sold my account, with 100% good feedback, to some con artist---because of the type of items changing to bullion coins for that one auction, after inactivity for a few months. But it also said that I would get paid immediately upon positive feedback from the buyer, for each auction.

They also raised their percentage charges around the same time.

So, for some things, especially stuff that people expect very low prices, like at the fleamarket, and with the shipping charges especially for heavy items, and the cost of packaging, eBay just isn't practical. Has anyone notice the price of boxes at places like Staples and Office Depot?---Totally off the charts! And packing popcorn? Or bubble wrap?---Sheesh! The best place to get that stuff is U-Line, they sell in bulk, and even with the shipping charges to receive it, it's still way cheaper, with good quality and service.

But for lightweight, small size stuff, if there is a demand for it, you can still make some kind of profit there. If you make bullion bars, or even buttons or blobs, they seem to do well also, getting above spot. There are some people on here who sell their PMs on eBay, and I haven't heard about any ripoffs yet, but I imagine it could be an attractive category for scammer buyers. (I won't even mention the "scrap gold items" or the eScrap junk that other people put on there! That doesn't figure in to my idea of "business.")

So right now I'm thinking, some kinds of stuff works OK, other stuff is only break even, and yet other things would only take a loss.

There is a way to search "Ended Auctions Only," and you can see all ended auctions, most recent first, and see what's selling and what's not, with the prices asked and highest bid. Or you can search the same way for categories or even specific items, and see what they last sold for, or didn't sell for. Some things seem to be seasonal, too. But you can pretty much know ahead of time, if it's worth it to post certain things.

Then the scam artists lower the appeal of the whole thing. I think the end result is that there are only a few categories that are worth using eBay for. Interestingly, those categories seem to be least affected by scammers, too.
 

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