Pirate Hunter
Jr. Member
- Jun 2, 2008
- 50
- 0
Fist if I get a few mails telling me to be quiet on the subject I will delete it.
Second I was looking around Ebay and found this auction:
http://cgi.ebay.com/Roll-of-Frankli...5|66:2|65:12|39:1|240:1318|301:0|293:1|294:50
First I find the bidders names really weird. They are all the same pretty much. Second I want to analyze profit out of it.
Auction ended at:
$126.51 and that includes free shipping.
I will guess that there are $16.51 in charges(Paypal, Ebay and shipping). Yes this is high but I am just trying to assume the worst. So there is $110 for the seller.
Price of Silver 90% is $5.082 today(Per CoinInfo.com). So if he is a CRHer like everyone here then he paid $10 for the Halves.
So technically he made a $110 profit or $5.50 per coin. So he made .418 cents over the closing price today. For a normal person the price of silver would have to be around $15.25 for us to make that type of profit. ($15.25 × .0321507466 × 12.5 × .90) = $5.52.
I know from reading threads most people here are hoarders of 90%ers but minus that if the goal is profit I dont see anything wrong with making a profit way above the closing price of the day(almost $1.25 above).
The other thing is the names of the bidders. Is someone buying up silver? But if they are why are they bidding against each other?
Thoughts?
Second I was looking around Ebay and found this auction:
http://cgi.ebay.com/Roll-of-Frankli...5|66:2|65:12|39:1|240:1318|301:0|293:1|294:50
First I find the bidders names really weird. They are all the same pretty much. Second I want to analyze profit out of it.
Auction ended at:
$126.51 and that includes free shipping.
I will guess that there are $16.51 in charges(Paypal, Ebay and shipping). Yes this is high but I am just trying to assume the worst. So there is $110 for the seller.
Price of Silver 90% is $5.082 today(Per CoinInfo.com). So if he is a CRHer like everyone here then he paid $10 for the Halves.
So technically he made a $110 profit or $5.50 per coin. So he made .418 cents over the closing price today. For a normal person the price of silver would have to be around $15.25 for us to make that type of profit. ($15.25 × .0321507466 × 12.5 × .90) = $5.52.
I know from reading threads most people here are hoarders of 90%ers but minus that if the goal is profit I dont see anything wrong with making a profit way above the closing price of the day(almost $1.25 above).
The other thing is the names of the bidders. Is someone buying up silver? But if they are why are they bidding against each other?
Thoughts?
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