Great Picks - Goodwill Pick Update

Last week I told you about a great couple of picks from the Goodwill store. It just so happens that the auctions have just ended and here is what has come of them.

The sparring gear was purchased for $5. Less than 24 hours after listing it on eBay with a starting bid of $10, I get a message from a guy asking if I will end the auction now for $25 plus shipping. By this time the auction already had 3 watchers. I decided to let it ride and see what came up. By the end of the auction there were 26 watchers and over 200 views. The bidding was up to $36 with less than 5 minutes to go and just as it ended the final bid jumped to $55.

Very nice!

I spent $4 on the Winnie the Pooh lamp. This auction did not have as much action as the sparring gear, but did attract 8 watchers and over 100 views. I started the bidding on this one at $10 and the final price ended up being $18.50

So the five minutes I spent looking around the Goodwill store cost me a total of $9. That turned into $73.50 plus shipping. That is a great profit and well worth the little time invested.

So keep your eyes open. I did not plan to go to the Goodwill store that day, but I was close and there it was. Always be ready to spend a little cash in order to make more!

Great Picks - Goodwill Pick

This week's pick is so exciting, I had to make a video about it.




Check out the auctions on ebay right now! This way to my eBay auctions!

Great Picks - Silver Dimes

Actual eBay listing after auction end.

This is a pick that surprisingly enough many people don't even realize could be in their own pockets.

Silver is a valuable commodity. The price of silver has been steadily increasing and more and more people are investing in silver bullion than ever before. The United States Mint used to create most of our coins with silver. Any dime, quarter, or half dollar minted 1964 or before is 90% silver. That means the metal the coins are minted with is worth more than the actual coin. By a lot!

I recently put together a lot of 35 silver dimes all minted 1964 or prior. That is a face value of $3.50. I paid $3.50 to get these dimes. When I sold them for the silver content on eBay, bidding reached $87.59. That is an incredible profit on coins that I picked out of my pocket.

Great Picks - Chicago LockBack Knife

Chicago Lockback Knife

 This is one of my favorite picks of the year. This little knife was found in a storage unit that was bought at auction.

While digging through any unit, a lot of stuff is tossed in the trash. I was looking through drawers in desks and end tables and most of them were full of junk. It was best to just dump the drawers in the trash and be done with it.

But that is not how I roll. I carefully sift through everything, because gold comes in all sizes. This knife was found in one of those drawers.

Now consider this... after factoring in all of the items from that unit that can be sold and taking into account the price I paid for the unit, this knife cost me less than fifty cents. I did a little research on the knife and decided to list it on eBay with a starting bid of $1.00.

The auction went for seven days and at the end of the week it had about 10 people watching the auction and it ended with 19 bids. Final selling price of the knife was $68.50. That is one hell of a profit margin. This one little knife paid for over a third of the cost of that unit, and I could have easily thrown it in the trash.

The actual eBay listing after close of auction