Listing bullion and fluctuating prices - how to revise list price

Question

Hello, I have never listed silver/gold bullion before, but I have been wondering how sellers are doing this with the constant fluctuating prices of gold & silver...

I didn't think you could increase your list price (of Buy Now listings), but I am seeing auctions where the Buy Now price is constantly changing (up & down), so how is this possible to do?

revygurl · Accepted Answer

I thought there was a fee to revising your asking price, particularly raising the asking price, but I just confirmed with Ebay themselves, there is NO fee for raising the asking price. So you can revise the asking price as much as you like - just like in that screenshot - as long as there are no bids on the auction.

reallynicestamps · Answer

I'm wondering if Auctions are the best format for bullion sales.

They only last a few days.

Unpaid Disputes are much much higher.

And you risk getting only one bid.

With such a volatile market, perhaps Fixed Price is a better bet.

They last up to 30 days and then automatically relist.

You can add Immediate Payment Required.

You can also add Best Offer (which will be lower than your asking price).

recped · Answer

@revygurl

You can LOWER the price on a Fixed Price listing.

Your screenshot only shows that a change was made, the revisions list only shows what part of the listing was changed but not the specific details of the change.

reallynicestamps · Answer

Bullion is just a variable in value as fiat currency.

Figure out what it cost you, including any fees and sales taxes.

List it at what you want to get.

If you are a little below market, it will sell fast.

Take the money and buy groceries.

If you are a little above market, it won't sell for weeks until the market rises again.

Which it will.

Or take it to the bank or a coin dealer and sell it.

Take the money and buy groceries.