| Author |
 Replies: 21 / Views: 3,492 |
Page 2 of 2
|
|
|
|
Pillar of the Community
United States
2049 Posts |
Quote:
While yes cost effective, may not be the smartest move to invite a total stranger to your house where he knows you have gold and silver. Just saying. Couldn't agree more that it's most cost effective and you are 1000% spot on as far as not doing the deal at your home. As someone who has done close to 60 deals of buying/selling of coins through Craigslist and another 20-25 of ammo or firearms through Armslist, I would NEVER EVER invite someone to my home. Always meet in a public place like a police station or library during daylight hours. I wouldn't even meet at their home. To take safety one step further, do not drive directly home after the deal. Go make a few stops or drive in a round about way to get home. Always check if you're being followed. Better safe than sorry. |
|
Pillar of the Community
United States
4333 Posts |
Quote:
Always meet in a public place like a police station or library during daylight hours. Police station? Not the greatest idea either, considering there's always the chance of civil forfeiture for any reason, completely legal. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
United States
533 Posts |
Listing here is a great option I am always looking to buy ASE and junk silver but see very little for sale here seems to be more buyers than sellers |
|
Pillar of the Community
United States
2049 Posts |
Quote:
Police station? Not the greatest idea either, considering there's always the chance of civil forfeiture for any reason, completely legal. Do the police require your ID in order to use their lobby for a transaction? I know our local PD advertises that they offer it as a safe way to do transactions. I seriously doubt that it's some nefarious way to catch criminals or as a civil forfeiture grab. I suppose meeting a complete stranger at your home is a much better idea to save on costs and avoid the chance of a civil forfeiture, lol.  |
|
Pillar of the Community
United States
4333 Posts |
Quote:
Do the police require your ID in order to use their lobby for a transaction? I know our local PD advertises that they offer it as a safe way to do transactions. I seriously doubt that it's some nefarious way to catch criminals or as a civil forfeiture grab. I suppose meeting a complete stranger at your home is a much better idea to save on costs and avoid the chance of a civil forfeiture, lol. Depends on your personal level of risk tolerance I suppose. I'd consider it a toss up, but that's just me.  When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
04/01/2022 08:47 am
|
|
Pillar of the Community
United States
2049 Posts |
Quote:
Depends on your personal level of risk tolerance I suppose. I'd consider it a toss up, but that's just me. Really? So you think there's an equal risk to do a private bullion transaction at one's home versus the lobby of one's local police station? How often do these civil forfeitures occur compared to people getting robbed while doing a face-to-face deal at one's home or later because you just made it known that you have PMs? That's an interesting take to say the least. I am curious to see how many people would agree with you.  |
|
Pillar of the Community
United States
7276 Posts |
We'll here are my 2 cents. I've sold used TV's , furniture, car parts at my house. I've only sold coins, bullion, notes through ebay, fellow collectors and my local coin shop. If I was selling bullion, our town has a "safe" place, it's in the parking lot of the police station with cameras. I would use that before inviting a stranger to my home. That's just me. Used stuff I don't care, they know at home I'm selling a tv, furniture etc, we all have TV and furniture, appliances. Not all of us have bullion and few of us have as much as bullion as fist full of dirt, so no to selling bullion at home. Edited by hfjacinto
04/01/2022 09:04 am
|
|
Pillar of the Community
United States
2049 Posts |
Another option to consider is to join a local coin club. Ours offers the chance to buy/sell during each monthly meeting. If you have one, it might be worth looking into.
|
|
Valued Member
United States
187 Posts |
Message boards and forums is how I do it .......
|
|
Pillar of the Community
United States
4333 Posts |
@hey silverado was up red.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
 United States
824 Posts |
Sorry, I've been a bit slow returning to this thread. Thanks everyone for your input. I like a lot of the ideas -- although I won't be inviting any buyers to my house. I wish there was a local coin club but my town is too small for that. Shipping also cuts into the margins, so mail sales might bring more but that would offset the profit.
Let me ask a more specific question: Are there any smelting companies that *do* purchase from the general public and what would the minimum be?
|
|
Moderator
 United States
54282 Posts |
The cost of gasoline/fuel/electricity must be factored into driving to and from anywhere to sell your items. Currently, that could be way more than the cost of shipping.
Show your financial support of the Coin Community Family (click here)See my topic on Mexican Numismatic Medals (click here) |
|
Pillar of the Community
United States
533 Posts |
Yes shipping is minimal using a flat rate USPS box. You could easily ship 1,000 quarters for $10 plus insurance ebay and PayPal fees can eat up some profits but if you list here and require payment by postal money order there are no fees or hassles. |
|
Pillar of the Community
United States
4333 Posts |
Quote:
Let me ask a more specific question: Are there any smelting companies that *do* purchase from the general public and what would the minimum be? Midwest Refineries, Michigan. They advertise paying 90%/90% and 92% for .999, no minimum order. When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
|
|
Pillar of the Community
 United States
5185 Posts |
I sell bullion either to a local bullion dealer or an online business like APMEX or JMB. Depends on the buy price, really. |
|
Page 2 of 2
|
Replies: 21 / Views: 3,492 |
Page 2 of 2
|
First Page
Posted 04/01/2022 02:44 am
