Questions On Selling Silver

If you have other things to sell besides the silver you could try a local auction house.

A place that buys gold/silver has always worked for me, whether flatware, dental or coins. They're used to settling estates and handle it in any form. You'd be surprised how little you get for hollowware.

1st off, I would suggest NOT selling your 28 oz of silver unless you really need the money! I would wait till either you REALLY need it, you retire, after or during an SHTF situation, or save it to pass down to your kids!

Something to think about when going the ebay route. Have you ever sold anything on ebay? More specifically do you have user feedback from selling stuff on ebay. If you do, great, it will help with selling silver there. If not, you might consider selling some random stuff there so you can build up your seller feedback so when/if the time comes to sell your silver there, you will already have established yourself as a solid seller.

LCS gives cash in hand, which can be helpful in a pinch. Do you have a lot of local coin shops (or antique shops, etc.) that will buy precious metals? If so, you can call each one and get an idea of how much they will give you for different types of bullion, silver eagles, maple leafs, etc. You might have be better off selling different bullion to different dealers.

That was the case for me when I had to sell my silver. I went to three shops to sell; one to sell 90%/perth mint silver/a couple slabs, another to sell silver eagles, and another to sell other bullion (philharmonics, generic, Brits, and Canadian). There was considerable difference which is why it was worth it to do this. I got above spot for pretty much everything by shopping around.

Best of luck!

I am still on the fence right now. I've been on ebay since the 90's. The fees have gone crazy high since then. Just not sure if I wanna stay in the game. There is a level of risk that I am not sure I want to take on. I'm not in dire need of the money but I could be putting it to good use though. There is much to take into consideration.

BH1964, I have considered selling in small groups or the whole lot...either here or ebay. If I went the whole lot route I'd only have to pay 1 postal insurance fee.

On ebay there would be a 10% fee of final sale plus the PayPal fee. Here at CCF there would be just the PayPal fee.

Next I wouldn't know what I should sell for. I am sure some of these bullion pieces have some numismatic value and the air-tites would be around a $1 each. Not trying to get rich by any means. If I sold I would at least like to break even or a smidge more.

I don't wanna over charge but I also don't wanna under charge and cut myself short.

If I were to take these to a place that buys gold and silver or a pawn shop what would I expect? Would there be any sort of paper work?

You could avoid all fees except mailing costs if you accepted checks or money orders only.

Check ebay's completed listings to get an idea of your item(s) retail value. I usually ask for 5%-10% less than average ebay completed listings because some of the savings can be passed along to the buyer and you'll still still net more $$ in the long run.

Gold/silver dealers or pawnshops will normally only offer melt (or under melt) for most silver. Unless there is significant numismatic value they will not pay a premium to melt. There should be no paperwork whatsoever with any small sale of silver.

Libertad, a man after my own heart!

I have tried to convince others of that same fact, if there comes a financial crisis, it wont be just money is hit, EVERYTHING will be affected and if you don't have food or bullets, sorry folks, reality stinks, YOU will die...period, dot. The only tradeable commodities will be what people NEED, silver in any size, small coin, bullion, tableware is worthless. We're talking a barter society, a chicken for a midwife birth, just like the 1890's. That's why gold/platinum/palladium are worthless barter tools. The major problem is, since food and bullets are the barter tools, they are also your survival tools, you have to protect what you have because the downtrodden masses will be looking to receive from you that which you have because the government (gubmint)no longer is robbing it from you to give it to them...for nothing. Don't think it can happen...just look at the craziness going on now...weirdly similar to the class/economic rhetoric(warfare) of the late 1850's. I have my bullets and some food, do you? I just like silver, that's all.

Exactly and that massive financial crisis making 2008 look like Toy Story is likely in the next quarter-century. Armageddon is highly likely in the next century.