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 Replies: 20 / Views: 3,967 |
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Pillar of the Community
Australia
7096 Posts |
Quote:
My LCS will pay about .80c on the dollar for gold, and .50-.60c for silver. I know these guys have to make a quid to keep the doors open but 50-60 cents in the dollar Sheeesh  |
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Valued Member
United States
368 Posts |
You can sell for 98% spot price for gold to ARA any day of the week. They do melt though, so if you have any qualms about that...that's something to consider though! They pay 90% spot for silver.
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Bedrock of the Community
Australia
21788 Posts |
90% is good, especially when the bullion dealer has to allow for melting and refining costs.
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Valued Member
 United States
245 Posts |
I had planned on taking some profit if it hit over $1400. I didn't think it would be nearly this soon, I just bought about 12 months ago.
I will be forced to keep an eye on it. The price of gold is sky rocketing right now. That will probably change my game plan, I'll be tempted to let it ride. If the trend remains strong, I'll ride it to the top I hope!!
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Bedrock of the Community
Australia
21788 Posts |
If you need the cash, you could safely sell your silver at $18 just now.
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Pillar of the Community
 United States
2843 Posts |
Depends on what bullion.
I know places that will pay $2 over for uncirculated eagles.
Some other bullion coins are even more valuable.
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Valued Member
United States
343 Posts |
Hmm, a lot of places will say the opposite. Something like 'it's just an ounce of silver.'
Definitely shop around.
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Valued Member
United States
56 Posts |
Same here BigSilver. I know of 2 shops that I've asked that pay spot for rounds and $2 over for ASE's. |
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Pillar of the Community
United States
1119 Posts |
I don't sell at a place unless I am getting close to spot for generics or over spot for eagles. shop around there ae plenty of good places out there
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Pillar of the Community
Norway
1358 Posts |
My experience is that local coin shops and pawn shops will do everything they can to talk your gold and silver down in price. Private sales via online platforms and so might actually get you much more out of every gram of PM. However, it may also be a tad more difficult or craving to get it sold.
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Pillar of the Community
United States
4333 Posts |
I live in a decent-sized city, with a combo jeweler/coin dealer, the only game in town. There are no cash-for-gold joints within a 50 mile radius. The couple of pawn shops here will not deal with PM's in coin or bullion form because of PM's up and down price swings. The jeweler has cornered the market locally.
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
56 Posts |
Sounds like a business opportunity to me, fist. Why not start advertising on CL to buy silver for .60-.70 on the dollar and be the highest local bidder?
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Valued Member
United States
245 Posts |
I called Louisville Numismatic Coin shop this morning and they quoted me great prices for both, American Silver Eagles and American Gold Eagles.
I was driving in my truck when I called but I think he was a dollar over spot on the silver eagles and was at spot on the gold eagles. I was impressed.
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New Member
United States
6 Posts |
I don't know how to quote another poster on this site. That said, "what do you plan to do with the money?" Is probably the most important question I would ask myself.
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Pillar of the Community
Canada
3049 Posts |
#1 this whole thread is MOOT! OP's first sentence... Quote:
I have no plans on selling my bullion To answer Dan52's question... there's a search tab at the top left of this page... can answer many of your questions.. but to quote someone type [ q you o t e ] -copy and paste the quote- [ / q you o t e ] just no spaces |
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Replies: 20 / Views: 3,967 |
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Posted 07/05/2016 10:09 am
