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 Replies: 17 / Views: 3,972 |
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Valued Member
Canada
348 Posts |
Just looking for some advice on how to best liquidate 406 silver dollars I have dated 1963-1965 Canadian Where would the best return be? ebay? coin store? thanks for the advice in advance |
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Pillar of the Community
Canada
1554 Posts |
 Go online and find out where silver bullion dealers (buyers) are located within a 1/2 hour drive of where you are. Simplest way to do it I suppose! Glenn  |
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Valued Member
Canada
178 Posts |
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Valued Member
United States
275 Posts |
You might want to find out the melt value of the coins and have an idea what they are worth before go in. Some bullion dealers are willing to take more of than their share of the proceeds. You should be able to find out all you need on the internet. In the states the melt value of a dollar is say $23. You should expect to get around $20 with the dealer getting the $3 profit. This is just an example, with the number of coins you have you may do better.
Melt value for a Canada dollar today is $18.01 US
Edited by Mechman
05/07/2012 1:51 pm
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Valued Member
Canada
178 Posts |
At today's spot silver price, those silver dollars are worth $18.02 each. So 406 of them would be worth around $7316. Like Mechman says, a dealer would offer you less than that since they'll want some of the profit. If you want to sell them all in one shot, a dealer is your best bet. If you want to maximize profit, I dunno. ebay? You'd probably lose any extra profit in fees. |
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Pillar of the Community
United States
2049 Posts |
Quote:At today's spot silver price, those silver dollars are worth $18.02 each. So 406 of them would be worth around $7316. Like Mechman says, a dealer would offer you less than that since they'll want some of the profit. If you want to sell them all in one shot, a dealer is your best bet. If you want to maximize profit, I dunno. ebay? You'd probably lose any extra profit in fees. Yep EBay/Paypal will take about 15% in fees so even if they sell for $21-22/each the fees will make it so that it's almost a wash compared to selling to a dealer. The value in a dealer is that you can unload them all at once, and have a payment in hand that very day. With ebay, you may have to wait days for a cleared payment and then still get scammed by a buyer. For this type of volume the seller is probably best off with a reputable dealer. |
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Valued Member
United States
275 Posts |
Are any of the coins uncirculated or Proofs? Could be a game changer.
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Pillar of the Community
Canada
834 Posts |
If your located in Ontario I know of many places that will give you close to spot.
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Valued Member
 Canada
348 Posts |
Thanks for the replies
I am in Burlington ON
No proofs but they are in pretty good shape. Some better than others
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Pillar of the Community
Canada
1731 Posts |
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Pillar of the Community
Canada
2366 Posts |
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Valued Member
Canada
348 Posts |
They are actually all 1965s with a few 66 63 and 64
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Rest in Peace
United States
7075 Posts |
Try one of the auction sites -- like Heritage ....maybe they can help. They will do all the work for you!
Edited by Buddy
05/07/2012 4:47 pm
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Pillar of the Community
Canada
2366 Posts |
So they'll pretty much just be melt value then. Silver prices are down right now. Selling in the fall or next year may (I repeat MAY :-) ) get you a better price.
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Valued Member
Canada
475 Posts |
Don't mess around with ebay on a lot like this .............. Phone the highest buyer on the web who is located in Winnipeg and SELL them! |
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Valued Member
Canada
348 Posts |
thanks for the adv ice everyone. Who might be this highest buyer in winnipeg
thanks again
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Replies: 17 / Views: 3,972 |
Posted 05/07/2012 1:35 pm
