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 Replies: 49 / Views: 8,381 |
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Valued Member
United States
493 Posts |
The latest silver institute report is not bringing good news for silver either. I thought I heard that numismatic prices have softened up some. GSR dropped below 90 last week. I heard silver premiums were soft, I wonder if that changed when we went from about 15 to about 16 in a matter of three days. Maybe we hit 17 or who knows this year. Another interesting silver tidbit, India outpaced the U.S. in coin/bar demand last year, first time ever?, if they bought most of it latter part of the year they totally bought the dip.
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Valued Member
United States
325 Posts |
Silver has gotten high enough for me to think about selling a portion of what I have. I looked at the buy-back prices for APMEX, Provident, and JM Bullion, and found that their buy prices (low to high) are generally in the same order I just listed them. Does anyone have a recommendation for a dealer that might pay better? Do local dealers generally pay better? It's been quite a while since I've bought from a coin dealer in person, so I don't know the current conditions. |
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Pillar of the Community
United States
4333 Posts |
@Pauldog - it might vary, but there is no way they can beat the online vendors here locally, at about 60 cents on the dollar. Same with buy prices, I haven't found any local shows or dealers that can match online vendors in buy/sell.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
325 Posts |
So far, my best bet is to ship generic silver and 90% silver coins to JM Bullion, even over Provident, unless someone has a better suggestion. However, I think I'll get noticeably more for my few ounces of Mexican Libertads on ebay, even after fees. I haven't checked ebay prices on ASE and maple leaf. |
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Pillar of the Community
Canada
798 Posts |
A lot of people selling between $15-$17 to take profits on the run-up in price. No one ever went broke taking profits ... nice trade.
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Valued Member
United States
325 Posts |
It looks like the start of this thread was a call of the bottom of precious metals prices. Now it's several months later, and silver is at a 2-year high.
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Rest in Peace
 United States
18456 Posts |
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Bedrock of the Community
United States
36800 Posts |
Looks like it's headed in the right direction now.
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Pillar of the Community
United States
840 Posts |
Hi all - interesting thread and it got me thinking:
I have a box of circulated world silver that I might sell. But I don't know the best way. The silver content is all over the place so I can't bring it to the LCS like I would with US 90% coins. These coins aren't worth listing individually - most are only worth a couple bucks each (circulated, world silver). I have a spreadsheet that I made for my amusement so I know what I have, but again, there's no million-dollar coins in this box. Any advice?
Edited by jeffbuckes
08/27/2019 6:18 pm
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Pillar of the Community
United States
1277 Posts |
Edited by machine20
08/27/2019 10:11 pm
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Rest in Peace
United States
18456 Posts |
Excellent idea . Self the whole thing as a job lot for one price or offer bidding . List brief description on the coins with Aerage silver content , dates and grades .  |
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Bedrock of the Community
United States
36800 Posts |
Spend a little time looking up the ASW (Actual Silver Weight) for each coin, multiply times the spot price for silver, and that will give you the total value for the lot in silver value. Usually foreign junk silver sells below spot, maybe 5-10%. Then list them for sale as a lot here or ebay as suggested. To find the ASW for each coin you'd need a Krause catalog to make it easy. Other wise you'll have to search the net. |
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Valued Member
United States
325 Posts |
I would expect it to sell more quickly if you include the total silver content of the lot. It's something I almost always want to know before buying. I didn't get around to selling any silver yet, and it's just as well - the price is now past $19 an ounce. I am trying to sell a few coins on ebay - some 1982 Washington commemorative halves and Mexican Libertads, totaling a little over $100, but no bites yet. I'm reluctant to cut the asking price when the price of silver is still creeping up. |
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Pillar of the Community
United States
840 Posts |
Thanks for all the advice. I don't use ebay so that's out (they were great 20 years ago, but I can't stand them anymore). I've sold a couple pieces here on CCF, but I didn't get any traction on other pieces so I withdrew the sales. I track all my coins on a spreadsheet and I have a tab just for these world coins that I mentioned. The tab includes a column for ASW and I get all my info from NGCcoin.com (they're very reliable I think). Right now, this box of mixed world silver has about 200 coins with 30 troy oz of ASW. It's not a huge lot, but what a great mix! There's stuff in here from more than two dozen countries, in lots of different denominations and years and conditions. Some are more common (Canada, Mexico, etc.) but some are more fun (Saudi Arabia, East Africa, etc.). I know I'd make more money piecing them out but it would be a huge job, and on some coins the postage would be more than the coin is worth. PS: I just realized I'm getting off topic and maybe need my own thread for this discussion. |
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Pillar of the Community
United States
4333 Posts |
Wow silver is really shining!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Replies: 49 / Views: 8,381 |
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Posted 08/15/2019 02:23 am
