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How And Where To Sell Your Silver?

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First Page  Showing last 15 replies.
Author Previous TopicReplies: 21 / Views: 2,949Next Topic Page 2 of 2
Pillar of the Community
United States
1150 Posts
 Posted 04/10/2011  02:45 am  Show Profile   Bookmark this reply Add mitchhailey to your friends list
I've had good experiences selling on Craigslist. Some pros of selling on ebay are; 1) Possibility of much higher than anticipated realized prices and 2) Safety/Security. The Cons are; 1) Double whammy fees if you go the ebay AND paypal route and 2) Items possibly not selling/Selling for less than anticipated. Bullion dealer pro is cash on the spot and safety, a con is usually bullion dealers pay less than spot. I've had great luck on Craigslist because I get to pick the meeting place, the price and there are not any fees. Really the only drawback on CL is the safety/security problem. However if you just practice a little 'operational security' you can usually mitigate these issues. By that I mean not giving out your address, always meeting in a public place and, if your state allows (which mine does), always carrying a concealed weapon.
Rest in Peace
United States
9104 Posts
 Posted 04/10/2011  03:01 am  Show Profile   Bookmark this reply Add biggfredd to your friends list
US ebay buyers know that there's not a tremendous amount that will be done if they welch on their bids.

Not so in the UK, where small claims courts commonly handle $50-100 complaints, and the courts are serious about a contract is a contract.
Pillar of the Community
United States
4008 Posts
 Posted 04/10/2011  5:56 pm  Show Profile   Bookmark this reply Add Ed_B to your friends list
I agree that ebay can be a good place to buy or sell. I have not bought or sold any PMs or coins there but I did buy my Eldorado there back in 2003. Hey, it's silver in color, so maybe that counts too.
Pillar of the Community
United States
505 Posts
 Posted 04/10/2011  5:58 pm  Show Profile   Bookmark this reply Add Frazzle to your friends list
You could sell your silver here on CC and explain that all payments must be received within 24 hours or it will be resold...I believe most members here would probably pay very quickly!!
Valued Member
United States
287 Posts
 Posted 04/10/2011  6:01 pm  Show Profile   Bookmark this reply Add jimineez to your friends list
Problem with ebay is the fees have become outrageous for so many things. I sold a coin yesterday for $800, but the fees all added up to over $70. I could have gotten probably $775 easily on any of the forums...that is what I'll do next time!
Once I get enough posts, I'll sell on here.
Pillar of the Community
United States
3184 Posts
 Posted 04/10/2011  6:11 pm  Show Profile   Bookmark this reply Add mkman123 to your friends list
ebay, your local coin store, the buy sell forum here, and craigslist
Valued Member
Canada
442 Posts
 Posted 04/11/2011  11:14 am  Show Profile   Bookmark this reply Add vinnycoin to your friends list
Good point Frazzle, forgot that CCF has a BST here!
Pillar of the Community
United States
3670 Posts
 Posted 04/13/2011  12:37 am  Show Profile   Bookmark this reply Add Silverhawk74 to your friends list
Here is a good example of someone with a 100 oz set of mix of mostly bars and some coins killin around 4200 birds with one stone, and they have it all in one auction (saving additional listing fees), and it has drawn 2 bids pushing it too 4150, right about right IMO for what is pictured. They will of course loose more to ebay fees an paypal, but still a decent remaining chunk of change, and if that seller bought all that around the year 2000, they are pretty happy with where it is at about now....

Another thing I like about bullion and coins is their mass is so much smaller than most other things I have bought and shipped on ebay, which makes shipping so much easier when one does decide to sell and cheaper, depending on weight of course....

http://cgi.ebay.com/100-Troy-Oz-999...em4cf6705b16
Edited by Silverhawk74
04/13/2011 12:44 am
New Member
United States
11 Posts
 Posted 04/13/2011  08:52 am  Show Profile   Bookmark this reply Add mkoenig to your friends list
I've bought most of my silver from APMEX. They might not be the cheapest, but they aren't the most expensive.

They have a very good reputation, and great customer support.

Prices are to high for my taste buds at the moment however.
Edited by mkoenig
04/13/2011 08:53 am
Valued Member
Canada
442 Posts
 Posted 04/13/2011  12:04 pm  Show Profile   Bookmark this reply Add vinnycoin to your friends list
APMEX is reliable and for the most part I like dealing with them. For the most part they have the best selection of coins and bullion.
Valued Member
United States
362 Posts
 Posted 04/13/2011  12:32 pm  Show Profile   Bookmark this reply Add coinut to your friends list
Well, for me I check around to see who has the best prices for silver in my area. Normally it's a silver dealer, he deals in anything silver from coin to service sets to silverware. Find a good dealer and stick with them, they will normally treat you right.
Pillar of the Community
United States
1348 Posts
 Posted 04/13/2011  2:10 pm  Show Profile   Bookmark this reply Add w1a9c8k5 to your friends list
I think the best question is: When to sell your silver!
Valued Member
United States
314 Posts
 Posted 04/13/2011  6:53 pm  Show Profile   Bookmark this reply Add ayejay1974 to your friends list
APMEX may have the best selection, but they are far from having the best prices.
Valued Member
United States
307 Posts
 Posted 04/13/2011  11:25 pm  Show Profile   Bookmark this reply Add Cali_Nick to your friends list
Ive had 100 silver quarters for sale for $710 on craiglslist for 3 days and only one person contacted me about it. I think this little silver dip has scared off people for a few days.
New Member
United States
11 Posts
 Posted 04/21/2011  2:44 pm  Show Profile   Bookmark this reply Add mkoenig to your friends list
Already posted but My local coin shop owner will buy bullion at slightly under spot, and is willing to sell rolls at spot.

If you call around I bet you can find a similar deal.
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