Every week I will auction off one piece of silver bullion for $.01 with no reserve, ending Sunday night. This week's auction is for a 1 gram Silver 'Old Ironsides' Bar:
This Week's $.01 Auction
These frequently sell for $5 plus on other auction sites, (see, for example and auction from yesterday here)
I've ran a few of these on eBid now and here are the results:
1 Gram 999 Silver Bar "Old Ironsides" $.47
1 Gram 999 Silver Bar "Maple Leaf" - $2.25
1 Gram 999 Silver Round "Indian Penny" $.56
1 Gram 999 Silver Round "Prospector" $1.50
As you can see, they often go for less than the melt value of the silver - so some people are getting an awesome deal.
Yes, I lose money when this happens but to me it's like cheap advertising - and hope you will take a few minutes to check out my store after you bid! I think you will find my eBid prices are lower than anywhere else since eBid doesn't gouge us on fees, and I pass most of that on to the customer. Thanks for looking everyone.