Buying Silver Coins Online - Coin Community Forum

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Author	Replies: 10 / Views: 2,735
DrEagle New Member United States 22 Posts	Posted 12/30/2017 1:52 pm 2017 was much about buying silver coins in my live :-) I expanded my collection trying new ways for acquiring coins. Usually, I bought my silver coins from a local refinery. They offered me most coins for the silver price except bullion coins and coins with collector's value. Unfortunately, this place is very short on coins and probably goes out of business next year. So, I started trying new things to get silver coins for a fair price. I sent a mail to a couple of online refineries and gold buyers and one answered me that they are willing to sell silver coins for the silver price plus 2.50% plus shipping. I think that's not a bad deal. They don't use Paypal for that because of the fees. They only accept check. What do you guys recommend me to do for finding out if they are reliable or not. Have you done kind of business before? Thanks for helping! Report this Post to the Staff

moxking Rest in Peace United States 17900 Posts	Posted 12/30/2017 5:23 pm The percentage they offer is very fair. They could go out of business the day after your check was cashed. BBB might be of minor help if they are members. Are they part of any guild or society? Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 12/30/2017 5:46 pm Put no value into BBB ratings. http://business.time.com/2013/03/19...a-bad-grade/ You can offer to cover the PayPal fees for the transactions other than that you're going to be taking a risk and only you can decide if the risk is worth it. Report this Post to the Staff
Debrajc Pillar of the Community United States 4211 Posts	Posted 12/30/2017 5:54 pm DrEagle! I buy silver coins, but as a collector so I am use to paying premiums. Do you have a local coin shop around close to you? Sometimes by the time you pay shipping charges a LCS will be in the same ball park as far as pricing goes. Report this Post to the Staff
DrEagle New Member United States 22 Posts	Posted 12/30/2017 8:41 pm Thanks for answering! moxking: they are not a BBB member but I found 2 yelp reviews, 7 trustpilot reviews and only 1 or 2 google reviews. All positive but all reviews about buying and not about selling. I mean they don't have an online store... Debrajc: yes but the coins there are let's say not very fair priced. For me it makes more sense to pay some money for shipping. I live kind of remote what is great as long as you don't want to buy coins :-) Report this Post to the Staff
DrEagle New Member United States 22 Posts	Posted 12/30/2017 8:43 pm basebal21: I know about that :-) https://en.wikipedia.org/wiki/Bette...iness_Bureau In 2010 ABC's 20/20 reported in a segment titled "The Best Ratings Money Can Buy" about the irregularities in BBB ratings.[21] They reported that a man created two dummy companies which received A+ ratings as soon as he had paid the membership fee. They also reported that business owners were told that the only way to improve their rating was by paying the fee. In one case a C was turned to an A immediately after a payment and in another case a C-minus became an A+. The chef Wolfgang Puck said that some of his businesses receive F's because he refuses to pay a fee. Ritz Carlton, which does not belong either, also receives Fs for not responding to its complaints. Report this Post to the Staff
DrEagle New Member United States 22 Posts	Posted 12/31/2017 7:08 pm Does anyone know how APMEX can make money selling on ebay?!?! I mean I pay 10 percent plus ebay fees if I sell something. Probably they negotiated much better selling fees? Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 12/31/2017 8:41 pm Quote: Does anyone know how APMEX can make money selling on ebay?!?! I mean I pay 10 percent plus ebay fees if I sell something. Probably they negotiated much better selling fees? APMEX has way lower fees on ebay than casual sellers do. They're also a mint authorized distributor so they get a lot of their bullion supply for the current year without the middle man markup Report this Post to the Staff
DrEagle New Member United States 22 Posts	Posted 01/03/2018 12:20 pm What do you think how much they pay in fees? I mean prices are not that bad. Report this Post to the Staff
basebal21 Bedrock of the Community 13014 Posts	Posted 01/03/2018 12:41 pm Quote: What do you think how much they pay in fees? I mean prices are not that bad. Pennies on the dollar compared to everyone else. I'm pretty sure they're the ones that had the ebay labels a while ago on a few things. They don't have to sell to the public to make their money though, if ebay wasn't profitable for them they wouldn't be on it. Report this Post to the Staff
edjones New Member United States 5 Posts	Posted 02/01/2018 02:43 am Do you guys ever compare APMEX versus other sites? They seem like they are always more expensive. Report this Post to the Staff
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