The Premier Silver Resource Website

Live Spot Silver
Silver Market Articles
Silver Discussions at the Forum
Silver Company Links
Silver Market Updates
Silver & Gold Headlines
Silver Stock News
Silver Equity Quotes
Silver & Precious Metals Quotes

Smart Silver Shopping on eBay

By: Dr. Jeffrey Lewis

-- Posted 14 July, 2011 | | Discuss This Article - Comments:

Silver accumulators have to start somewhere.  Ten years ago, a silver buyer might have used his landline phone to call a small coin shop for a quote on silver bullion.  If the buyer were lucky, he or she might have access to a wholesaler, who could sell them small amounts of bullion with minimal markup.  Today, the silver buyers are going straight to eBay, but the online auction site can be both a blessing and a curse.


Making the most of eBay


Silver accumulators can buy on eBay, but there are a few unique twists and turns to silver bullion auctions on the site:


1.    Feedback matters – eBay has a feedback system in place to ensure a smooth buying and selling process, but it’s not perfect.  Always examine the feedback score for recent feedback.  Typically, scammers will sell several small items for less than $10 before opening up to much larger silver transactions of $1,000 or more.  Keep safety first; you’re best to avoid these users.

2.    Timing – Buying from an auction site like eBay requires timing.  Small stackers will find that silver sells for the lowest premium late at night and early in the morning.  On weekends, a surge in shopping traffic means bids rise considerably.

3.    Grab a discount – eBay Bucks are a great way to get a discount on your bullion.  As an eBay Bucks member, you can receive 2% back on each purchase, enabling you to bid more, but pay less.  You should, however, note one oddity about eBay Bucks, which makes up the fourth precaution on this list.  Combine this with a rewards credit card for an additional 1-2% of cash back bonuses plus payment protection should the deal go sour.

4.    Bucks redemption – The first week of the month is when accounts are updated to reflect accumulated Bucks balances.  During the first few days, those who have completed several large purchases have piles of free money, and they’re not afraid to spend it!  Avoid the auction site through the first week of the month as eBay silver shoppers are keen on using their Bucks as soon as they can.

5.    Patience – eBay buyers should be patient.  You have to be willing to lose auctions to win, as there is very little sense in bidding heavily over spot just to win an auction.  If you’re not a patient person, eBay isn’t for you.  Accumulate elsewhere from a vendor that won’t make you compete toe-to-toe for each ounce of bullion.

It’s easy to get caught up in the macroeconomic studies that can detract from the fun of silver accumulation.  At the root of any investment you should find enjoyment, and the hunt for silver rounds on eBay can provide just that.  The millions of coin collectors and bullion buyers around the world probably didn’t buy their first round for profits, but rather for the joy of the hunt.  Having fun with silver accumulation is just as important as making money because if you don’t enjoy it, you’ll likely sell out early.


Dr. Jeffrey Lewis

-- Posted 14 July, 2011 | | Discuss This Article - Comments:

Article Archives is presented to you by:

© 2003 - 2011, Silver Seek LLC

The content on this site is protected by U.S. and international copyright laws and is the property of and/or the providers of the content under license. By "content" we mean any information, mode of expression, or other materials and services found on This includes editorials, news, our writings, graphics, and any and all other features found on the site. Please contact us for any further information.


The views contained here may not represent the views of, its affiliates or advertisers. makes no representation, warranty or guarantee as to the accuracy or completeness of the information (including news, editorials, prices, statistics, analyses and the like) provided through its service. Any copying, reproduction and/or redistribution of any of the documents, data, content or materials contained on or within this website, without the express written consent of, is strictly prohibited. In no event shall or its affiliates be liable to any person for any decision made or action taken in reliance upon the information provided herein.