went to a auction

[handy]

I went to a auction a week ago and they had coins some paper money and other stuff. the coins where going for gold you would think. $10.00 in silver dimes going for over $125.00 $12.50 in silver quarters went for $125.00 is that better than gold?

 

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[pshaw54]

depends on the dates, rarity, country... would like to know exactly what they were biding on.

 

[FCCDFEd]

Yes, I believe it. Have you seen what EBay buyers are pay for silver coins. I quit bidding, the bid were outrageous. I think some of the buyers get all caught up in the bidding hype.

fccdfed

 

[EDDE]

i bought 20 silver quarters for 19 bucks few months back
from an auction

 

[SC_hunter]

Most of the silver has been going between 10X or 12X face. And yes, the prices on Ebay has been way outta whack lately.

 

[Tin Nugget]

For silver content, a silver dime is worth about 1.10 depending on what silver happens to be at on a given day. Thats why so much of it has been sold and melted down. Back around 1980 silver prices got way up there and hoards of silver coins were dumped for metal value, melted and gone. I know it's not legal but hey, money still talks.

 

[nightwolf]

Too many sellers on Ebay will either use a second account or have friends bid their coins up at the last minute to inflate it and start bid wars, it's crazy
If I decide to look for coins on the bay I try to look for buy it now's from good sellers with a reasonable price (which isn't always an easy task)

 

[bazinga]

For silver content, a silver dime is worth about 1.10 depending on what silver happens to be at on a given day. Thats why so much of it has been sold and melted down. Back around 1980 silver prices got way up there and hoards of silver coins were dumped for metal value, melted and gone. I know it's not legal but hey, money still talks.

It's not illegal to melt silver coins.

 

[markmopar]

It's not illegal to melt silver coins.

Right, only pennies and nickels are illegal to melt.

 

[tymcmurray]

Ya'll convinced me.....I'm selling on Ebay!!!

 

[mrs.oroblanco]

I love auctions, and go to as many as I can.

But, you are right, people get "auction fever". Its not necessarily the item in particular, but the feeling of "power" in getting something that someone else wants, I think.

I have seen - lots of times - items sell for MORE than you can buy it brand new (and I'm not talking antiques, here - I saw someone pay twice the price for a broken 4 x 8 piece of plywood than they could have gotten it brand new at the lumber store!!!

Since Yahoo auctions crashed and burned, it seems like Ebay has inherited some of those "fevered bidders". Of course, the reserves have gone higher and Ebay charges alot more than they did when they were competing with Yahoo, too.

B