Considering Selling My Silver Stack

I just wanna get out of the silver game since my car is on its way out. Silver is very liquid. I'd just be happy getting my money back regardless of what spot is, even if its at a loss.

I think I just might list some deals on here just to unload them. Not a good time of year for unexpecting expenses on top of the typical December expenses with the holiday's and all.

Unfortunately selling 50 Onces of Silver right now will not buy you a new car or even a used one . If you list them on CCF you'll probably have to sell in drips a drabs instead of one member purchasing the whole lot at one time .

I contacted a jeweler that buys PM's. They said they pay close to spot. Hard pass. Wouldn't even get any premiums back. They must not have bought anything in a while. They said the last they checked, silver was around $18/oz! Red flag?

You're flat out getting ripped off selling for under spot to anyone.

Maybe it's a location thing, but I would call as many places within a 50 mile radius.

My LCS will pay 3+ over spot all day long for Government minted.

Just saying.

My cars are an Ion from 2008 and a Pontiac G6 2006. I agree it is a lot less expensive to fix a car than replace it. It just takes some common sense thinking and tinkering. Also look up alternative (but good) fixes on youtube.

Since people preserve classic cars, I feel I can do the same starting when I get them :)

Three times in the last 7 years I have been told I would need to spend $$$$$ for repairs.

1. Instead of paying the mechanic 1200.00 to replace the whole exhaust system of my kids' car, I used 5.00 to buy high temperature JB weld putty and filled the crack in the exhaust manifold. Permanent fix.

2. I was told front calipers and rotors needed replaced (therefore brake pads as well) b/c a caliper was locking up. I removed the bolt holding the caliper's front end, sprayed in WD-40. Worked ti with my hand. Problem and it never has locked up again.

3. Last spring the Ion's exhaust system had come apart b/c the bracket holding a pipe to the catalytic converter had rusted through - I was told 900.00 by the mechanic b/c everything needed replacing. I spent a total of 30.00 by cutting out and replacing a section of pipe myself.

When fixing something, I make sure to do a job meaning I won't have to fix it again for a long, long time.

Even when it's the transmission or engine, since I don't have the means I shop around with local recommended PRIVATE mechanics.

I had a used transmission with low mileage installed for 850.00 this last summer and, in the same car, am having a 50K used engine currently installed for 1250.00

Official dealers are not necessarily your friend for saving money on large repairs.

I never have had a car payment, always bought used cars, done my own work when I could, and I am sure after these 34 years of owning cars that an absence of monthly car payments has been a good part of why I have been debt free (except house mortgage) for most of that time.

I also have not bought a car battery in over 10 years now since I learned they also can be fixed to new!

Anyway...this post is not just agreeing here Hondo Boguss, but I am also hoping to inspire you! Maybe you can find some way to not have to spend what you think you might have to so some of that silver can stay with you.

just a thought...you can have cake and eat it too most reputable pawn shops will loan you 50% value (spot price) on silver, once you have done business (loans) with them and you become recognizable they may go 65% value.
Depending on state you reside in its a win win for you as you buy your own silver back (nice feeling) and the pawn shop owners make a low risk profit of 10% on the loan.
I've roofed houses, cleared downed tree's, put up fencing, and scrapped for extra money to buy a coin or junk silver I wanted.
3 grown sons and 7 grandchildren later along with all the day to day bills and little emergencies leaves me a small amount for coins and silver and not ashamed to say I fight for every small silver purchase I buy. I'm a poor boy too and want to tell you I've walked and rode a 10 speed more than once to work or the piggy wiggly for vittles hang tough and chances are the money for car repair will come maybe just not fast as fast as you'd prefer.
I sold over 720 ounces when the old grey metal was ticking 25 bucks and change. Bought a used ford pickup truck, 1974 Lowe aluminum canoe, and a .41 acre lot with a 26" x 12" garage electric water sewer and gas hookups already on site. Silver made this possible, my credit was nuked years ago in the 2008 crash and 14 1/2 years later my experian score is "unable to score, insufficient information or credit history availible" and I couldn't be prouder.
You solicited advice so I'm giving mine...there's nothing wrong selling your silver for fixing your ride everyones situation is different if you do then expect spot + a buck. Right now i.m.o. is not good time to sell if you can tough it out but if you can't then fix the ride SDBullion will have you cash in hand within 48 hours after receipt of your silver. Good luck and hang tough.
singed, living ok on less than 30,000 a year