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Is this Ebay seller floating silver prices?

PostPosted: Thu Dec 20, 2012 9:05 pm
by JerrySpringer
The seller is saying they will not ship the silver until about 5 weeks from now:

http://www.ebay.com/itm/20-american-eag ... 3ccd73ea1f


I saw they had past auctions where they did the same thing. Ask for money up front many weeks before shipping. Does anyone know what might being going on here? Is the seller kiting the silver in hopes of getting it cheaper after the sale? I just do not see how they make money on this unless they are running many more auctions at the same time under different seller ID and pooling money along the way to buy silver in bulk. Still, something does not add up. Not that I can care much, but it is interesting to see this.

Re: Is this Ebay seller floating silver prices?

PostPosted: Mon Dec 24, 2012 1:04 pm
by rexmerdinus
Maybe I'm a cynnic, but what's to stop him from selling the auction, pocketing the money, and then closing his accounts? I realize he's got other auctions and 185 feedback, but you're right, something smells a little fishy...

Re: Is this Ebay seller floating silver prices?

PostPosted: Tue Dec 25, 2012 2:47 am
by Engineer
Racking up sales without expenses for tax purposes?
Short term loan? which will "hopefully" be less than interest payments?
Kiting is another possibility.

Whatever it is, I'll steer clear of it.

Re: Is this Ebay seller floating silver prices?

PostPosted: Tue Dec 25, 2012 8:33 am
by beauanderos
It could be innocent... despite the pic and the heading, they could have meant 2013's, after they've taken delivery. Someone should just ask them the question outright... if they don't publish a plausible answer then you have more scent to add to the fishy smell.

Re: Is this Ebay seller floating silver prices?

PostPosted: Wed Dec 26, 2012 10:10 am
by rexmerdinus
Hmmm...the tax thing didn't occur to me. But +1 on the steering clear. Which is a moot point because the listing has ended anyway.