Liberty Dollars on ebay - why are $5 silvers selling for more than 2x face value?

[emazur]

http://cgi.ebay.com/2008-5-00-Libert...QQcmdZViewItem
http://cgi.ebay.com/5-Liberty-Dollar...QQcmdZViewItem
At the time of this writing, both auctions of the 2008 1/10 oz silvers are going for $10 or more, while the stamped value is $5 and you can still get them from libertydollar.com (my order for the 4-piece $85 set came a few days ago and included a $5 silver). Meanwhile, a 1 oz. 2006 silver ($20) went for just under the stamped value:
http://cgi.ebay.com/ws/eBayISAPI.dll...m=270317999887
I'm new to Liberty Dollars and owning precious metals - what am I missing here?

[Mitt Romneys sideburns]

As I said before, Liberty Dollar is a scam.

The entire point of silver and gold currency is to have the currency be valued on the price of the metal. Stamping a dollar amount on there defeats the purpose.

Liberty Dollar for example will take a coin worth say, $8, and stamp "$10" on the front, then when the price rose they would discontinue that nominal amount and revalue their coins which are now worth, say, $17 and stamp "$20" on the front.

[bander87]

No, the first two are "Buy Now" items. You can list the price for anything you want, it does not mean it's the market value.

As for the one sold for $20, it seems reasonable. Spot price for silver is below the physical price, and the $20 Libertys are somewhat more popular.

[FrankRep]

Why?

Demand.

[Razmear]

Hmmm, if you want 1/10 oz of silver, I'll gladly sell you some Pre 1964 dimes for $5 each
Well, each dime only has .0723 Troy Oz silver, but that's still better than $10 for a $5 Liberty 1/10th oz coin.

Buy silver by weight, not what is stamped on it.

eb

[emazur]

No, the first two are "Buy Now" items. You can list the price for anything you want, it does not mean it's the market value.

As for the one sold for $20, it seems reasonable. Spot price for silver is below the physical price, and the $20 Libertys are somewhat more popular.

Those aren't buy it now auctions, they both have several bids already that have driven it up to that price.

@FrankRep - yes, price is driven by demand, but why pay more than 2x that what it sells for on libertydollar.com? Like I said, I just had an order that came in that included a $5 silver, same as on those auctions

[nodope0695]

'cuz they're backed by a tangible commodity?

[bander87]

Those aren't buy it now auctions, they both have several bids already that have driven it up to that price.

@FrankRep - yes, price is driven by demand, but why pay more than 2x that what it sells for on libertydollar.com? Like I said, I just had an order that came in that included a $5 silver, same as on those auctions

Whoops, thanks for the correction.