Selling Silver Question - Coin Community Forum

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Author	Replies: 5 / Views: 1,105
scott3270 Pillar of the Community United States 1116 Posts	Posted 11/19/2008 3:34 pm i may want to sell about 10-11 ounces of silver u.s. coins I have no rare dates or anything special just common stuff. what would be an estimate of what I can get for this. silver is only 9.45 I beleive but I know you cant find it for that price thanks. Report this Post to the Staff

nod2003 Pillar of the Community United States 3294 Posts	Posted 11/19/2008 3:40 pm I think that a lot of it sells for between 8x and 12x the face value for 90% coins, but my info is a couple months old. Last time I bought was at 9.5x Report this Post to the Staff
BH1964 Bedrock of the Community United States 10982 Posts	Posted 11/19/2008 5:52 pm You'd be lucky to get 8X face at a dealer these days. Your best bet would be to put them on the CCF BUY thread and ask 10X face. When you say 10-11 ounces remember that silver is priced in troy ounces (~31.1g/oz). ANA #R3154474 Report this Post to the Staff
mkman123 Pillar of the Community United States 3184 Posts	Posted 11/27/2008 2:03 pm In my area, dealers pay 5-6x face value but turn around selling them for 11x face value! Best is to sell to other collectors either on ebay or on this site and others. I recently sold some 90% silver for 9-10x. Report this Post to the Staff
BadThad Bedrock of the Community United States 19997 Posts	Posted 11/27/2008 4:42 pm I wouldn't sell now, this is a terrible time to sell siver. Lincoln Cent Lover! VERDI-CARE™ INVENTOR https://verdi.care/ Report this Post to the Staff
ceaton Pillar of the Community United States 1179 Posts	Posted 11/27/2008 7:37 pm Its one of those things, you cannot buy silver much when its low because nobody will sell, then you cannot sell silver much when silver is high because nobody will buy. I think this is why I don't bother with buying bullion and stocking up on silver. I guess if the opportunity arises, I would but I don't hunt for the deal. Report this Post to the Staff
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