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 Replies: 26 / Views: 4,896 |
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Pillar of the Community
Canada
3692 Posts |
When I first started accumulating for my silver collection I went after world\foreign coins that I knew to be silver and at the time silver was rising steadily so it was hard for dealers to update their prices constantly. I exploited my knowledge and got some good deals for the silver weight, but not so much for any numismatic value: no real gems.
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Valued Member
South Africa
67 Posts |
YES in south africa it is we pay shipping then tax then another 14% tax on that then the dealer makes his price and you get it ASE is around 38 us dollars |
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Pillar of the Community
Canada
3049 Posts |
Silver and gold can ALWAYS be found at good prices when people know that you're always willing to buy and pay cash! There will always be reasons for people to have to sell their metals... having said that be very innovative on how you can buy silver.. I personally find that ebay is one place that is always overpriced.. when looking on ebay I generally look for items that are improperly listed. My "buy" prices are probably not the best in the city.. but I still end up getting a few oz's almost every month... and with the margin I have I can either (a) flip it for immediate profit or (b) sit and not worry too much about price fluctuations... It's out there... work SMARTER and you will find it! |
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Pillar of the Community
United States
5212 Posts |
I sold my 40% Kennedy roll hunting finds for melt on Craigslist until I found a guy who said "I'll take whatever you got call me first"
90% Kennedy's I try to get at least 5% over melt and my guy is usually good with that.
Walker and Franklin finds I keep.
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New Member
United States
21 Posts |
The only time I seem to find anything at spot or under is out of a bulk box or at an antique shop. In the past 2 months I have picked up about a dozen foreign silver coins (a Canadian dime, 2 Australian 3 Pence, some small Mexican and South Amer. silver coins, and a 1/4 Riyal) for .20 cents each and I bought a bag of 20 Mercury dimes at an antique shop for $9.00 total. |
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Pillar of the Community
Canada
2019 Posts |
Is junk silver even worth 5% over spot , I mean its only like 40 to 90 percent silver, I have only bought the bullion 99.99 % stuff and really have not done the math on "junk" silver, I guess if you got it cheap enough like 10 percent under spot? I have a lots of bullion but no junk silver so I guess I am a noob when it comes to junk silver. Like how do you price it? By weight and then take 10 percent off the total for the non silver content and then that's the "spot value?
Then here is the melt/refining which would cost more since they would have to take out the 10% non silver or 60% depending on the ratio, just seems like a big hassle , why not just get the 99.99 % stuff?
Edited by Northerncoins
05/14/2014 7:25 pm
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Valued Member
Australia
491 Posts |
For me the smartest way to get close to spot price is the long way round.
Spot price + pure silver coin + mintage numbers + very small mintage numbers + mailing cost + hunting for best price = A happy buyer!
But what do I know.......
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Pillar of the Community
United States
4333 Posts |
Quote:
Then here is the melt/refining which would cost more since they would have to take out the 10% non silver or 60% depending on the ratio, just seems like a big hassle , why not just get the 99.99 % stuff? For some, it's that the fear of counterfeits is just too great. Much less chance of that with the junk silver. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
05/15/2014 06:28 am
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Pillar of the Community
United States
7840 Posts |
There was an opportunity over in CCF Auction / Buy It Now. (Selling Under Spot! Mexican Silver Coin Lot (6 pure oz)).
It went UNSOLD.
Edited by oih82w8
05/15/2014 06:34 am
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Pillar of the Community
United States
1804 Posts |
I trust 90% junk US coins ... as close to spot as possible. You might get some numismatic value as a kicker. ....and cruddy ASE if you can find 'em Etc. |
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New Member
United States
21 Posts |
My best friend owns a coin shop and if he gets a big buy he will occasionally share through wealth, but I do cut died for him.
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Pillar of the Community
United States
4333 Posts |
Stopped at an LCS out of town yesterday. He's asking 18 x face for junk 90%.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
2850 Posts |
Local pawn shop sells junk silver coins for spot plus standard tax. Even got some nice Walkers for right at spot as well as Peace dollars from him. |
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Pillar of the Community
United States
4333 Posts |
Quote:Local pawn shop sells junk silver coins for spot plus standard tax. Even got some nice Walkers for right at spot as well as Peace dollars from him. Wow, what's his buy price? Gotta be a lot less or he moves a lot of volume. Pawn shops here wont even deal in it, so volatile they say. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
2850 Posts |
Quote:
Wow, what's his buy price? Gotta be a lot less or he moves a lot of volume. Pawn shops here wont even deal in it, so volatile they say. Since I'm always a buyer I've never really inquired. I was buying one of his Peace dollars the other week and he did happen to mention that he only paid $10 for it and I pretty much got it for spot so he wasn't making a lot from it. I do try to get whatever he has whenever I check in. Being that he has really good prices it's hit and miss on what he has because everyone else buys it up quick as well. Edited by WheatBack
06/03/2014 11:22 pm
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Replies: 26 / Views: 4,896 |
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First Page
Posted 04/28/2014 11:33 pm
