Thoughts On Selling Bullion

It depends on the spread of premium between bullion and coins, right now.

For example, if silver bullion's premium is about $1.5 per oz; silver coins' premium is about $3.5 per oz. Then the price spread is $2. The question then becomes, was this spread higher or lower at the time when you purchased bullion? If the spread was higher, then your thought is wise.

I've occasionally sold to "refocus" in other areas. I figure if I'm selling at lower silver markets than I'm also buying at these low prices so it sort of washes each other out ie: just sold some 90% halves and War Nickels to buy mercs

This is very true, although I do it with with new.999 bullion, maple leafs etc.

if you swapping out 1oz 3 year old bullion for new bullion it doesn't really matter what you paid for it 3 years ago , as you will be still holding the same amount of oz, but its when you sell for cash when under water and dont buy more to replace it, you lose money.

I have exchanged it a lot this year. Newer silver junk coins 40% halves and 90% kennedies found at face for older ones like some barbers and Seated halves. I have gotten one old barber and three Seated halves out of a bunch of them. I lost maybe a ounce of silver in the transactions but I was able to pay with it with halves I got for $7 at a bank. I think trading bullion is relatively easy right now just depends on how you got the silver.

If you start at .99 you take the risk of it ending much lower then you would like, best thing is figure out the lowest you are prepared to take and put that price as your starting price in an auction. Remember that ebay takes 10% fees without a store and papal takes 2.5 % fees or some such. So add 13% to what the min amount you are willing to take.

Another problem is that shipping with tracking is not cheap in Canada, $10 to $14 and even move if shipping to USA with tracking.

Might be easier to sell all 8 at once , and ship with tracking, It would be next to impossible to sell a 1 oz silver bullion coin and charge $15 shipping, but with 8 1 oz as a lot would be easier to sell with the high shipping/tracking rate. Or maybe sell 4 1 oz lots might work ok as well.

Oh wait your in the USA oh well, I guess your shipping rates are much cheaper.

If you ship without tracking you could lose the coin/s and have to pay the money back as well since you will not be covered by sellers protection through paypal.

Just put an add in craigslist or kijiji or what ever and sell it locally.. save the shipping fees and worries and all issues..

As for selling bullion... bullion is simply an internationally recognized form of cash that needs no currency conversion. Great for a lot of purposes... but at no point in time am I ever attached to silver in any sentimental way... buy/sell when it suits my needs.

Good luck

Are you looking to sell rounds or 90%? I've never sold any of my rounds/ASE/maples, but I've sold 35, 40 & 90%. I figure my LCS sells at 15/1 and checking out what it was selling for on ebay 15-17/1 seems to be regular. The 90% I just sold for close to 15 to 1 (cost $2-3 to ship- I think it estimated I needed 5 oz postage and free tracking through eBay/PayPal. I was a little disappointed that it didn't go higher, but most was not best looking CRH finds- and at same time already won a merc dime auction of similar FV but higher quality for more of a premium. In terms of ASE it appears you can get 5 for around $100 on ebay with free shipping, so if you were selling at that rate you'd probably get $130-140 after shipping/fees. I've never sold non junk on ebay, so numeristic value obviously depends on supply/demand- check what similar auctions have been ending at.