Selling silver question
Bob
sell, all 90% (dimes, quarters, halves, dollars). Not a great deal,
maybe a few hundred dollars, face.
Question: Would I be smart to hold onto this or move it?
Question: What is the best way to sell this stuff?
Thanks, Bob-tx
Mr. Jaggers
> Within the next two or three weeks, I will have some silver coins to
> sell, all 90% (dimes, quarters, halves, dollars). Not a great deal,
> maybe a few hundred dollars, face.
>
> Question: Would I be smart to hold onto this or move it?
A: Find someone who knows for certain what the price of silver is going to
do, both in the short run, and in the long run, and follow his advice to the
letter. Such persons are normally found in the Yellow Pages under the
heading Absolute Truth - Retail.
> Question: What is the best way to sell this stuff?
A: Myself, I'd call around to some coin dealers and ask how much they're
paying for junk silver and take the coins where I would get the most money,
net, of course, after I factor in my costs of getting there.
James
Voltronicus
Selling on eBay would probably net the OP more than one of the local
crooks, er I mean dealers.
Will silver go up? Good question. The gubmint's commitment to bail out
the financial sector for a trillion or more indicates to me they are
getting ready to seriously inflate the currency. That will probably
drive the price of commodities up in relation to the dollar.
Of course, the price of silver could go down too! ;)
Mr. Jaggers
> On Sep 21, 7:50 am, "Mr. Jaggers" <lugburzman[at]yahoo[dot]com> wrote:
>> Bob wrote:
>>> Within the next two or three weeks, I will have some silver coins to
>>> sell, all 90% (dimes, quarters, halves, dollars). Not a great deal,
>>> maybe a few hundred dollars, face.
>>
>>> Question: Would I be smart to hold onto this or move it?
>>
>> A: Find someone who knows for certain what the price of silver is
>> going to do, both in the short run, and in the long run, and follow
>> his advice to the letter. Such persons are normally found in the
>> Yellow Pages under the heading Absolute Truth - Retail.
>>
>>> Question: What is the best way to sell this stuff?
>>
>> A: Myself, I'd call around to some coin dealers and ask how much
>> they're paying for junk silver and take the coins where I would get
>> the most money, net, of course, after I factor in my costs of
>> getting there.
>>
>> James
>
> Selling on eBay would probably net the OP more than one of the local
> crooks, er I mean dealers.
Yep, a well-constructed hype ad, with alternate red and blue flashing lines,
cute verses from old Hallmark cards, and the obligatory "abolutely,
positively unsearched ancient hoard of silver coins, found decades ago among
the booty of Claude the Pirate" and "a sample scoop showed S-mint coins and
some Barber pieces" will attract big bucks every time! But don't forget the
$35.00 shipping requirement to sweeten the pot.
> Will silver go up? Good question. The gubmint's commitment to bail out
> the financial sector for a trillion or more indicates to me they are
> getting ready to seriously inflate the currency. That will probably
> drive the price of commodities up in relation to the dollar.
> Of course, the price of silver could go down too! ;)
Ah, you mean to say that only the Shadow knows?
James
Voltronicus
You forgot to mention touting that the coins are "just a whisper away"
from MS63 and a bargain at twice the price.
oly
I don't think you'll have the slightest problem finding buyers for 90%
right now. No problem whatsoever. Get several bids first before
letting them go. Or go to a good regional coin show, of which Texas
has several.
In a year, I'd guess you'll wish you had the coins back.
oly
Joe Winnett
the money now. Looks like the US dollar is headed in one direction....down.
Did anyone notice the Steve Forbes article in which he called for a partial
linkage between the dollar and gold for the sake of stability. Something
like pegging gold & the dollar to a target like $500.00 per ounce. Somehow I
doubt the government has enough precious metals reserves to make that work.
Joe W.
"Bob" <bobw...@suddenlink.net> wrote in message
news:48d61201$0$9711$bbae...@news.suddenlink.net...
Voltronicus
> As a fellow Texican I would suggest holding on to it unless you REALLY need
> the money now. Looks like the US dollar is headed in one direction....down.
> Did anyone notice the Steve Forbes article in which he called for a partial
> linkage between the dollar and gold for the sake of stability. Something
> like pegging gold & the dollar to a target like $500.00 per ounce. Somehow I
> doubt the government has enough precious metals reserves to make that work.
For sure they won't after they inflate the currency to pay for the
subprime and financial crises created by George Bush and his crooked
cronies.
1787
Trading in precious metals is basically educated guesswork; this is not
meant to trivialize or demean the endeavor. Some who carefully study the
market and trends and have experience may be able to do better than the
average person's hunch, but the bottom line is that no one can accurately
predict the future. They look at past and present trends and use their
judgement to predict a local high point, based somewhat on intuition and
other vaguely-defined properties.
If you decide to sell, eBay may net you the highest purchase price/weight,
but you need to factor in the "eBay experience" overhead (fees, shipping,
your personal time, hassle-factor) and balance that against the shortage you
might experience from an easy deal with a dealer or trader. If you decide
the latter, it will benefit you to shop around and even look in the
periodicals (Coin World, Numismatic News, Coins and others) and compare
those findings with local dealers.
This is the long way of saying what the others have said "no one knows", but
maybe this will help you make a better decision that you can live with. In
the long run, you will always sell higher than the absolute low point and
lower than the absolute high point. Best of luck, and be sure to pick out
coins with desirable collector value, as opposed to metal value.
W.
look@worldnet.att.net don't look
"1787" <nob...@null.nil.net> wrote in message
news:x-2dne_HYLBkBkvV...@earthlink.com...
Selling even a relatively small amount of silver can be a real PIA. A
friend wants to get rid of approx 2000 ounces of mixed silver, 75% ingots
and rounds and 25% pre 64 halves(mostly Walkers).
His biggest problem is he refuses to break it up.
All or nothing.
Well, the buyers either want to cherry pick the coins only or take the pure
silver only. And they want a substantial fee(huh?) to do the deal. Then
there's taxes. Be careful.
Voltronicus
> Selling even a relatively small amount of silver can be a real PIA.
Oh bullshit!
Unless you're living in the middle of a desert (and maybe not even
then), your newspaper will have several ads by dealers wanting to buy
your silver.
Then, of course, there is ebay or Craigslist.
oly
Gotta agree with RF - there is NO ZERO NADA problem in selling silver
right now. If you have a bunch of mixed stuff, find the gents from
Silvertowne at a large coin show. You can see the margin that they
want, but there is no bullshit. I recommend them.
oly
look@worldnet.att.net don't look
"Voltronicus" <fwd...@hotmail.com> wrote in message
news:7f3294d9-48a1-461a...@e39g2000hsf.googlegroups.com...
Did you read the sellers demands? He lives in NY and has brought these to
several brokers. Maybe he wants too much,doesn't want to pay tasx and
fees.Told me approx. $1 under spot.
look@worldnet.att.net don't look
"oly" <oly...@aol.com> wrote in message
news:44838b0a-e6e9-4be6...@l64g2000hse.googlegroups.com...
oly
Okay.I do have to say it's been probably six months since he tried all this.
He's a very volatile character ,not very educated and if he thinks someone
is bs'ing he'll walk away. I tried to help him out but I don't know squat
about that business.
Voltronicus
> "Voltronicus" <fwdi...@hotmail.com> wrote in message
That doesn't mean selling silver is a PIA as you claim, it just means
you just can't sell it for more than it's worth.