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Gold and Silver Sales on eBay

Gold & Silver Sales on eBay A Close Look at the Trends of Buying & Selling Gold and Silver. Demand for Gold & Silver 2007 – Q1 2011 Who's buying gold and silver bullion in the U.S.? The below shows the total number of gold and silver items sold items on eBay by state since 2007. California has the greatest demand in absolute numbers - not surprising, given its population. But on a per capita basis, Alaska leads the way. KANSAS 51, 478 UTAH 51,341 LOUISIANA 53.572 TEXAS 354,796 OKLAHOMA 54,873 SOUTH CAROLINA 57,841 ALABAMA 64,798 KENTUCKY 65.554 NEVADA 66,842 FLORIDA 333,666 77,786 MARYLAND OREGON 77,573 TENNESSEE 85,228 NEW YORK 232,553 L69 68 NISNOJSIM MINNESOTA 90,762 MASSACHUSETTS 89,043 PENNSYLVANIA 193,722 MISSOURI GEORGIA 100,256 OHIO 186,807 93.847 TOP TEN PRECIOUS METAL SALES (TOTAL ITEMS) TOP TEN PRECIOUS METAL SALES (PER CAPITA) BOTTOM TEN PRECIOUS METAL SALES (TOTAL ITEMS) BOTTOM TEN PRECIOUS METAL SALES (PER CAPITA) California 527,990 Alaska New Hampshire 28,318 Tennessee Texas 354,796 Wyoming West Virginia 27,154 Massachusetts Florida 333,666 Nevada Alaska 23,408 Michigan New York 232,553 Hawaii Montana 22,887 North Carolina Pennsylvania 193,722 Montana Wyoming 17,504 Illinois Ohio 186,807 Maine Delaware 17,371 South Carolina Illinois 164,117 Idaho Rhode Island 17,281 Louisiana Washington 139,294 New Hampshire South Dakota 15,525 New York Michigan 133,766 Washington Vermont 11,024 Georgia North Carolina 125,237 Colorado North Dakota 10,573 Mississippi Total Demand by Metal 2007 – Q1 2011 Demand for precious metals has increased significantly in recent years. The chart below shows the number of sold silver, gold, and platinum bullion items since 2011. Silver remains the most popular. It's also the most accessible - the price ratio of gold to silver is currently over 40. This means that gold is more than 40 times as expensive as silver. The price ratio of platinum to silver is even higher. 2007 2008 2009 2010 2011 FIRST QUARTER GOLD ONLY SILVER 77,098 1,418,129 3,616,232 PLATINUM American Eagles Vs. Bars 2010 - Q1 2011 There are even 1 kilo bars. Popular makers include Pamp Suisse and Credit Suisse. Gold American Eagles are available in 4 weights: 1 ounce, 1/2 ounce, 1/4 ounce, and 1/10 ounce. Silver Eagles are only available as 1 ounce coins. Privately minted gold and silver bars are purchased on eBay 40% more frequently than the American Eagle, the bullion coin issued by the U.S. mint. It's often less expensive to purchase a gold or silver bar than an American Eagle of the same weight. Common silver bar weights include 1 ounce, 10 ounces, and 100 ounces. Popular makers include Engelhard and Johnson Matthey. One ounce silver rounds are essentially equivalent to bars, with the exception of shape. They look like coins, but are not issued by a government. The below charts show the number of gold and silver American Eagles and bars sold on eBay by U.S. region since 2010. Gold bars are made in a variety of weights, including 1 ounce, 10 grams, and 5 grams. REGIONS PER CAPITA REGION VIII 25,984 41,334 REGION X VIII 28,130 48,185 REGION VII Vit 28,403 44,490 IX REGION V VI 98,356 147,297 Regions Per Capita Key Low Sales High Sales REGION I 29,950 38,367 Precious Metals Lingo REGION II 58,634 77,690 Bullion: The most common way of buying the physical form of precious metals like gold and silver. It is valued based on the mass and purity of the metal, not on the collectible value. Most bullion is in bar, coin, or Silver Rounds: These may look like coins, but they re privately minted and don't have a face value. The primary difference between rounds and bars is shape. Rounds are typically hallmarked "one ounce 0.999 fine" or "0.999 fine silver one REGION IX 87,604 126,810 round form. troy ounce." Bar: Also referred to as an ingot. Bars are often hallmarked with their REGION VI Spot Price: Precious metals are traded on markets throughout the world. The spot price is the delivered price of 1 ounce of a given metal. If markets are open, the spot price is changing. The price buyers pay for precious metals will be the spot price plus a small premium. 69,285 100,530 purity and maker. Popular makers include Pamp Suisse, Credit Suisse, Engelhard, and Johnson Matthey. Coin: Bullion coins are issued by governments, and they normally carry a face value. The American Gold Eagle is the most popular bullion coin. REGION IV 109,379 153,372 Hallmark: States the purity of the metal. The higher the hallmark, the more pure the metal. REGION II 47.170 61,318 eb Y Infographic Brought to you by: © 2011 eBay Inc. All rights reserved. eBay and the eBay logo are registered trademarks of eBay Inc. Data compiled from completed U.S. sales/listings on Source: 228,696 648,085 17,975 | 297,825 077704 19,707 066'96 807,429 | 17,052 |367,545 553,915 INDIANA 102,838 COLORADO 104,091 TOTAL BARS CONNECTICUT 50,143 609 29 VMO VIRGINIA 112,778 839,393 ARKANSAS 48.485 ARIZONA 117,609 TOTAL AMERICAN EAGLE NORTH CAROLINA 125,237 582,895 31.276 NEW JERSEY 12 4 ,9 06 AMPSHIRE 28,318 910 67 1ddsSIS MICHIGAN 133.766 WASHINGTON 139.294 DAKOTA 15,525 H DAKOTA 10,573 ILLINOIS 164,117 CALIFORNIA 527.990

Gold and Silver Sales on eBay

shared by eBay on Jul 21
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Looking to stock up on gold bullion as gold prices soar to all-time highs? Plenty of Americans are turning to eBay’s Gold and Silver outpost.



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