This is really cool. I was actually thinking about doing this myself, but just haven't had the time. In any case someone else did it, and from the looks of it did it better than I would. I would like to try and add these real prices on precious metals to the site. I'll keep you updated on that.
If you are familiar with buying gold and silver these days, you'll know its pretty tuff. Coin stores run out very quickly. If you purchase from a mint there is a long wait time (up to 3 months at Northwest Territorial). The US mint has either stopped producing eagles or has cut production. The COMEX has more paper then gold, and doesn't seem to be representing true demand. So here is the "eBay Precious Metals Exchange"
The eBay Precious Metals Index is based on data taken from the US eBay site. The purpose of the Index is to provide true price data for gold and silver bullion coins and bars. The Index is published daily around 2AM Pacific Standard Time (GMT -7).A program was written to retrieve data from eBay for the categories shown in the Index images. The program tries to filter out collectable, commemorative, and unique items. The data is manually inspected to further refine the items included in the Index. All items are from the US eBay site and only items located in the US are included.
The columns are as follows. “# items”: the total number of items of the specific type that are actively being bid on in an auction (Chinese style). “# bids”: the total number of bids on the items. “Total oz”: the total number of ounces of all items of the specific type. “Bid”: the current high bid of all items of the specific type. “Sold (High)”: The highest price paid for an item in the last 24 hours. “Sold (Low)”: The lowest price paid for an item in the last 24 hours. “Prem %”: The premium over spot of the last Sold (High). “Sold Chng %”: The percent change of the current Sold (High) and last (day before) Sold (High). The Gold and Silver prices are the COMEX spot prices at the time the Index is published.
