Auction Power Guide

Someone told me if i were to buy silver bullion and wanted to sell it back i would have to mark up the price and the buyer would buy at a discount but i dont quite understand this. can someone explain it to me?
im basically trying to find out how much money i would lose if i were selling silver back
and would i also get taxed if i ever sold my silver for a profit?

It depends upon where and with who you buy and sell from. Standard precious metal dealers will typically charge a bit of a premium on their bullion (a price above market rate), plus shipping and handling fees. If there is a metals auction in your area, you can buy at auction, though sales tax could apply there. You can also buy and sell silver bullion on eBay – but you will need to watch your bids as they can easily get well above market price, and shipping charges may apply.

If you sell your silver back to a dealer, they will want to buy it back from you at a discount to the market price – they are after all in the business to make money. You can attempt to sell it directly to investors at a local auction (though commission charges will apply) or through eBay (again, commission will apply). It really depends who you sell it to. Dealers and scrappers will want a discount from the spot rate, investors will pay closer to the actual spot rate.

Profit or loss will depend upon the spot rate at the time of purchase and sell. If silver has gone up enough to more than cover the premium, initial sales tax paid, shipping costs, then you will make a profit. If the spot rate has declined or not increased enough to cover your other costs, then you will have a loss.

Just like buying and selling any other product, you will have to pay taxes on your gains. Speak to your tax professional for the correct tax treatment of your gains from silver.

My brother died suddenly this month and my wife and I are faced with what to do with the contents of house. We’ve been told that we could hold an auction — but then something very valuable might be auctioned for far, far less than it’s actual value.

Can anyone help with this?

Thanks

An auction is the fastest way to liquidate the estate, but some things may sell for far less than value. One way to help prevent this is to be in attendance at the auction. If you know the value of the items you are concerned about, you can bid on them yourself to ensure that they fetch an acceptable price. This should be done sparingly as regular auction attenders frown on it and may resist bidding if they know they are bidding against the house. You may end up buying some of the items back this way and will have to sell them yourself after the auction.

The professional estate sale is a little slower, and tended to cost a bit more in fees. Some professional estate liquidators will buy anything that did not sell during the sale and attempt to sell it latter, but not many will do this. Things that don’t sell are usually your problem.

A garage sale is also of course possible, but takes a lot of your time.

The last way I can think of is eBay. If you do not want to list the items on eBay your self, there are companies that will take the items and do it for you on a commission basis. You can contact a few of them in your aria and see what they will do. If you have an entire estate, they may even come to you.

If you are amongst the most who are just beginning to find out how to make revenue selling on eBay then you quite possibly have not run into the situation of getting a sales lower however. In spite of this at 1 time or a further most sellers do run into this situation. There will probably be small warning when it takes place. All of sudden you will start to see the sales of your crucial item lower.

As with all firms you can anticipate some sales fluctuation on eBay. But how do you manage sales declines that just do not return to prior levels You want to know how to make revenue selling on eBay, however no matter how challenging you attempt sales just remain lower. When this takes place it is time to conduct investigation.

It is time to honestly examine the item that you are selling. Possibly that item has just run the item life cycle. If that is correct each sales rates and sales totals will continue to decline. It might possibly be a slow decline, but if you want to know how to make revenue selling on eBay start to appear for other solutions. It is time to examine other attainable merchandise to add to your sales portfolio.

It is valuable to also examine the eBay marketplace. Has a new seller entered the arena Are presents to sell getting created at considerably lower rates than your own Are there other alterations in the marketplace If you know how to make revenue selling on eBay you know that you will have to have to respond to these new market place conditions.

Was there previously a market place influence that drove your sales Was there a shortage of the item that has now been solved for example Had been there important manufacturer marketing campaigns in approach

If the marketplace hasnt changed, it might possibly be worth continuing to sell your prior flagship item even if there is a decline in sales totals or rates. In spite of this, if the item is on the declining side of the item life cycle sales will probably never ever return to prior levels. You will have to have a new item as your flagship item if you are seeking to grow your home business. Understanding the have to have to identify a new flagship item is 1 of the keys relating to how to make revenue selling on eBay for the lengthy term.

If your eBay sales decline for an extended period of time it is valuable to honestly examine the prospective causes. To make revenue selling on eBay calls for that sales growth have to continue. Identify the situation and then respond appropriately.

To Your eBay Achievement!

If you are amongst the most who are just beginning to find out how to make revenue selling on eBay then you quite possibly have not run into the situation of getting a sales lower however. In spite of this at 1 time or a further most sellers do run into this situation. There will probably be small warning when it takes place. All of sudden you will start to see the sales of your crucial item lower.

As with all firms you can anticipate some sales fluctuation on eBay. But how do you manage sales declines that just do not return to prior levels You want to know how to make revenue selling on eBay, however no matter how challenging you attempt sales just remain lower. When this takes place it is time to conduct investigation.

It is time to honestly examine the item that you are selling. Possibly that item has just run the item life cycle. If that is correct each sales rates and sales totals will continue to decline. It might possibly be a slow decline, but if you want to know how to make revenue selling on eBay start to appear for other solutions. It is time to examine other attainable merchandise to add to your sales portfolio.

It is valuable to also examine the eBay marketplace. Has a new seller entered the arena Are presents to sell getting created at considerably lower rates than your own Are there other alterations in the marketplace If you know how to make revenue selling on eBay you know that you will have to have to respond to these new market place conditions.

Was there previously a market place influence that drove your sales Was there a shortage of the item that has now been solved for example Had been there important manufacturer marketing campaigns in approach

If the marketplace hasnt changed, it might possibly be worth continuing to sell your prior flagship item even if there is a decline in sales totals or rates. In spite of this, if the item is on the declining side of the item life cycle sales will probably never ever return to prior levels. You will have to have a new item as your flagship item if you are seeking to grow your home business. Understanding the have to have to identify a new flagship item is 1 of the keys relating to how to make revenue selling on eBay for the lengthy term.

If your eBay sales decline for an extended period of time it is valuable to honestly examine the prospective causes. To make revenue selling on eBay calls for that sales growth have to continue. Identify the situation and then respond appropriately.

To Your eBay Achievement!

If you are amongst the most who are just beginning to find out how to make revenue selling on eBay then you quite possibly have not run into the situation of getting a sales lower however. In spite of this at 1 time or a further most sellers do run into this situation. There will probably be small warning when it takes place. All of sudden you will start to see the sales of your crucial item lower.

As with all firms you can anticipate some sales fluctuation on eBay. But how do you manage sales declines that just do not return to prior levels You want to know how to make revenue selling on eBay, however no matter how challenging you attempt sales just remain lower. When this takes place it is time to conduct investigation.

It is time to honestly examine the item that you are selling. Possibly that item has just run the item life cycle. If that is correct each sales rates and sales totals will continue to decline. It might possibly be a slow decline, but if you want to know how to make revenue selling on eBay start to appear for other solutions. It is time to examine other attainable merchandise to add to your sales portfolio.

It is valuable to also examine the eBay marketplace. Has a new seller entered the arena Are presents to sell getting created at considerably lower rates than your own Are there other alterations in the marketplace If you know how to make revenue selling on eBay you know that you will have to have to respond to these new market place conditions.

Was there previously a market place influence that drove your sales Was there a shortage of the item that has now been solved for example Had been there important manufacturer marketing campaigns in approach

If the marketplace hasnt changed, it might possibly be worth continuing to sell your prior flagship item even if there is a decline in sales totals or rates. In spite of this, if the item is on the declining side of the item life cycle sales will probably never ever return to prior levels. You will have to have a new item as your flagship item if you are seeking to grow your home business. Understanding the have to have to identify a new flagship item is 1 of the keys relating to how to make revenue selling on eBay for the lengthy term.

If your eBay sales decline for an extended period of time it is valuable to honestly examine the prospective causes. To make revenue selling on eBay calls for that sales growth have to continue. Identify the situation and then respond appropriately.

To Your eBay Achievement!

If you are amongst the most who are just beginning to find out how to make revenue selling on eBay then you quite possibly have not run into the situation of getting a sales lower however. In spite of this at 1 time or a further most sellers do run into this situation. There will probably be small warning when it takes place. All of sudden you will start to see the sales of your crucial item lower.

As with all firms you can anticipate some sales fluctuation on eBay. But how do you manage sales declines that just do not return to prior levels You want to know how to make revenue selling on eBay, however no matter how challenging you attempt sales just remain lower. When this takes place it is time to conduct investigation.

It is time to honestly examine the item that you are selling. Possibly that item has just run the item life cycle. If that is correct each sales rates and sales totals will continue to decline. It might possibly be a slow decline, but if you want to know how to make revenue selling on eBay start to appear for other solutions. It is time to examine other attainable merchandise to add to your sales portfolio.

It is valuable to also examine the eBay marketplace. Has a new seller entered the arena Are presents to sell getting created at considerably lower rates than your own Are there other alterations in the marketplace If you know how to make revenue selling on eBay you know that you will have to have to respond to these new market place conditions.

Was there previously a market place influence that drove your sales Was there a shortage of the item that has now been solved for example Had been there important manufacturer marketing campaigns in approach

If the marketplace hasnt changed, it might possibly be worth continuing to sell your prior flagship item even if there is a decline in sales totals or rates. In spite of this, if the item is on the declining side of the item life cycle sales will probably never ever return to prior levels. You will have to have a new item as your flagship item if you are seeking to grow your home business. Understanding the have to have to identify a new flagship item is 1 of the keys relating to how to make revenue selling on eBay for the lengthy term.

If your eBay sales decline for an extended period of time it is valuable to honestly examine the prospective causes. To make revenue selling on eBay calls for that sales growth have to continue. Identify the situation and then respond appropriately.

To Your eBay Achievement!