It has been six months since my last review of eBay gold prices, so here’s the skinny on the current price of gold, as taken from a sample of actual eBay closed auctions for known gold coins.
|Coin on eBay||April Avg||Oct Avg||% Chg|
|20 Franc Rooster||$320||$271||-15%|
|10 Franc Rooster||$204||$194||-5%|
|Average per oz||$1819||$1714||-6%|
|Actual Gold Price||$1425||$1335||-6%|
Lookit there: eBay has been pretty much spot-on, on average, with the actual spot price of gold over the past month. 28% seems to be pretty consistent as an eBay seller’s premium, so be sure you’re figuring that into your calculations.
I came up with $1,335 as an average price of gold for October, but one should note that mid-month gold dropped to about $1275 before bouncing back up into the $1350 range. Also, note that in April the $10 US gold coin was the outlier; this month the 20franc coin had a bigger change than the others. It’s only a sample of two, but you might want to consider sticking to the less-volatile smaller gold coins if you want your gold to remain steadier on the eBay market — and watch the larger coins for fluctuations that you can take advantage of.