Bullion Auctions





When people hear of an online bullion auctions site, eBay is often the first website that comes to mind.

However, there are many other auction websites where you can find precious metals bullion, below the following paragraphs about bullion auctions is a list of the other known auction sites.

online auction

If you decide to take part in an auction to buy bullion, you need to know what kind of precious metals bullion you want to bid on and the Free-Bullion-Investment-Guide is here to help you.

Investing takes a lot of discipline and patience, and buying bullion at the right price on an online auction will definitely test your skills in these two departments.

You want to set a price for yourself on the item you want to buy, if it goes over, let it go, and stick to your price, there will always be another item available.

If you let yourself go over your set investment price, you will stop being an investor and you'll become a collector.

Collectors will pay almost any price for something they want.






How to Find Sellers You Can Trust

Bullion auctions have received a bad rap from the sellers who sell fake bullion.  Too often, sellers try to trick buyers into thinking they're buying the real thing when they are not.

Trusted Sellers are not hard to find on auction sites.

I have been a member of eBay since 2002, I've received feedback from more than 1500 buyers and sellers with a positive 100% rating.  

As a buyer and a seller on eBay and a few other auction sites, I know how hard, good sellers work to keep their feedback in good standings.

  • Good sellers will be completely honest on their listings; they should have a complete description of the item on the page. And if there are flaws in the item it should be listed on the page.
  • If you have a question for them they should respond to you quickly, but you may have to wait up to 24 hours for a response.
  • All their shipping information should be clearly defined with the shipping charges listed with the item (international charges excluded).
free shipping
  • Good sellers will offer Free Shipping, these are the ones you want to find, this will also allow you to buy your bullion closest to its spot price.
  • Avoid sellers who try to set a higher shipping price to try to make more off the sale.  (These sellers are only hurting themselves in the process)
  • Before bidding on any item, a bidder should be aware of the seller's feedback rating, choosing one with a rating less than 99% is not advised.
  • Always Read a Seller's Feedback 
  • Beware of the seller's location!  For the last several years there has been an influx of sellers from China on auction sites.  A few are good, but most are not.

A good rule of thumb for any investment is that "if you don't trust the seller, don't buy from them."






FAKE BULLION  & COUNTERFEIT ALERTS

Every day the news on the homepage is updated (except some Saturdays) and every day I search the internet for articles about Fake and Counterfeit Bullion related items.  

When I find articles about Fake or Counterfeit bullion bars and coins I post them with the Header: 'FAKE BULLION ALERT' or 'COUNTERFEIT ALERT'

Here are some examples of the Guide's - Alerts for Fake & Counterfeit bullion related items.

FAKE BULLION ALERT : WBNG (New York) - Endicott Police: Three Arrested After Selling Fake Gold Bars

FAKE BULLION ALERT : VIDEO : KVRR (North Dakota) - Which One is Real? Counterfeit Gold Coins On The Rise

COUNTERFEIT ALERT : CoinWorld - Stickers, Barcodes and Counterfeit Holders

FAKE BULLION ALERT : CoinWorld - Counterfeiters Target 1-ounce Gold PAMP Bars, Packaging

fake

You can visit the homepage daily to see if any new articles about fake or counterfeit bullion were posted.

Visiting the Guide's News Archives page is another option you can use to find articles about fake and counterfeit bullion, the news articles on this page were originally posted on the homepage.

If you go to the news archives page and use the 'Find' option on your Internet Browser, type 'Fake or Counterfeit' in the search bar to find all the news reported about Fake bullion bars and coins that were posted in the last year.  (You can also search the Guide's Quarterly News pages using the same practice)

Lastly, if you are wondering... "What does this have to do with Auctions?"  Sadly, a lot of these coins find their way onto auction sites and as you will see in the videos below many get duped into buying these fake coins.

Note: the Counterfeit Alert is new as of May 2016, however, the guide has posted news about fake and counterfeit bullion for several years.



Fake Coins





The two most publicized coins being sold as fakes are the United States Morgan Dollars and the Chinese Gold and Silver Panda.


Fake Morgan Dollars

The coin image below is a Real Morgan Silver Dollar, you can find specific information about the coin here.

morgan dollarReal Morgan Silver Dollar

The best way to help you with identifying fake Morgan silver dollars is to let you see what other individuals have encountered. 

Below, you will find videos made by people who've purchased these fake Morgan dollars; they've learned from their mistakes and are now showing others how to they can recognize these coins to try to help them from making the same mistake they did.

Morgan Silver Dollar Fake!





3 Simple Ways to Spot a Fake Morgan Silver Dollar





Ebay Stops Selling Fake & Copy Coins!! Tips To Spot Fakes & Counterfeits







Fake Chinese Panda Bullion Coins

The guide has several pages devoted to the Chinese gold and silver panda bullion coins to help you with being more familiar with them and their features.

The more you know about these coins the easier it will be for you to recognize a fake panda from a real one.

You will find links to these coins when you scroll down the Guide's page titled: Chinese Bullion. 






Like the videos above about the Morgan Silver Dollars, one best of the best ways to help you identify a fake Chinese Panda bullion coin is to let you see what other people have encountered. 

Below, you will find videos made by people who've purchased these fake Panda bullion coins; they've learned from their mistakes and are now showing others how to they can recognize these coins to try to help them from making the same mistake they did.


Fake Silver Pandas on EBAY - Who is Buying This Crap


The link below takes you to the site mentioned in this video,  "PandaCollector.com" was created to help you recognize a fake Panda from a real one: Guide to Detecting Counterfeit Chinese Panda Coins





The fake 2016 30 gram Pandas are here!





Fake Panda Coin





FAKE PANDA





eBay - Fake Complete Morgan Dollar SET and Chinese Kilo Pandas - Thanks CHINA!


For those interested in purchasing silver or gold Chinese Panda Bullion coins you can either go through a reputable dealer found here.

In addition, you can find direct links on the guide's Chinese Panda bullion coin pages, to the dealers who sell these coins.





Other Fake / Counterfeit Coins

Recently, I found this article from SilverCoins.com, the article is about the many ways you can spot a Silver Counterfeit Coin.  Here is the link to the article...Fake Silver Coins : 12 ways to Spot Counterfeits.







Finding Deals on Bullion Auctions

One tactic that you can use to help you find a good deal on an auction site is to bid on bullion auctions that end on Friday or Saturday nights; this is when web traffic is at its lowest levels.

Another tactic is to find bullion auctions that are ending in off hours, for instance, auctions that end in the middle of the working day or bullion auctions that end after midnight or before 5am.





"Buy It Now"

tip

"Buy It Now," if you decide to use this tactic (that I have used) I won't lie to you, finding a deal is very hard, but it also can be very rewarding.

The key to using the "Buy It Now" option is to first click "Buy It Now" tab near the top of the page, under the search bar.

This will isolate all the Buy It Now bullion items.  Once you have isolated the "Buy it Now" items,  then use the "Sort by" option and select the "recently listed items."

Some sellers will offer their items lower than the average price because these sellers do not know the true value of the coins they're selling. 

These deals are few and far between when using this tactic, it often works better on collectible coins than on bullion coins.

However, on occasion, you will find some pretty decent deals on bullion using this tactic.





How to find the Average selling price on Bullion Auctions on eBay

2016 silver eagle

You know what you want and you know the spot price of the precious metal coin you are looking for, so now it's time to see if you should use your time looking on a Bullion Auction site for a deal or find a reputable and trusted Bullion Dealer who sells the coin you want.

The way to find the average selling price on eBay is by using a tool that is quite useful.

The first thing to do is to go on eBay and enter in the search bar the name of the item you're want to buy, in this case, we'll pick the 2016 American Eagle Silver bullion coin.

After you have entered the coin's name, size, and year, click the search button, this will bring up all the coins that are now available for Auction and Buy it Now.

show only - completed listings

On the left side of the page, there is a list of options to choose to refine your search,  these options include; Category, Condition, Price, Format, Item Location, Delivery Options, and Show Only.

The option you want is under the "Show Only" option.

If you choose the "Completed Listings" option under the "Show Only" category, the next screen will show you the item you searched, if it sold or not and its ending price. 

Basically, it will give you an idea of what others were willing to pay for the item or not, which ever the case may be.  This tool is also handy for finding out the value of an item on the secondary market.

Furthermore, you can refine your search by taking a look back up at the top of the search screen, under the search bar, and look for the option titled "Sort" and select "End Date: recent first,"  this will give you an idea of the average selling price for the bullion item you are looking for on eBay.

Once you have an idea of the average selling price for the item you want, the next thing to do is to look for current items up for auction that have not been over bid, and take note of when the auction will end and put it in your watch-list.

sort - recent first

When the auction comes close to an end and if the price has not gone over its average selling price, you may want to bid on the item if the seller has good feedback. (the choice is yours)

There are many other ways one can use the "Completed Listings" option on eBay that can enhance your buying opportunities, it is up to you as to how you want to use them... Good Luck!






Listing of Different Types of Bullion Auctions on the Web


eBay
Largest Online Auction site on the Web.

Great Collections.com
Auctions and offers Direct Sales of Graded Bullion Coins, Numismatic and Rare Coins.

icollector.com
Estate Auctions, Bullion auctions and Numismatic coin auctions

Online Auction.com
Bullion auctions and Numismatic coin auctions

Webstore.com Bullion Auctions, Numismatic Coin Auctions and other auctions.

Seized Property Auctions.com
is the premier auction company for liquidating property seized by police and federal agencies, property from abandoned safe deposit boxes, seized bank assets, bankruptcies, financial institutions, business inventory liquidations, and other consigners.

Heritage Auctions
World's Largest Collectables Auctioneer, includes mostly numismatic coins and some bullion coins.

uBid.com
All types of auctions including bullion coins & numismatic coins.

LiveAuctioneers.com
Give participants the opportunity to auctions of sized and foreclosure auctions of all types.

delcampe.net
European coin auction site of coins from around the world. Coins are priced in Euros.

BlueJay.com
100% free online marketplace

Bulk - Scrap Metal Auction Sites

Liquidation.com Wholesale and Surplus Bulk auctions of items where precious metals can be salvaged.

GovDeals.com
Bulk scrap metal and other auctions from USA, State and Federal surplus




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