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 Replies: 19 / Views: 3,918 |
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Valued Member
United States
53 Posts |
Has anyone ever actually had luck with acquiring silver under spot from ebay and similar sources? It seems like there should be the occasional piece that slips under the radar and goes cheaper than it should, but I never seem to find one. Just curious on other's luck |
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Pillar of the Community
United States
1192 Posts |
The closest I get to this is getting silver sterling coinage as 50-80% silver spot. It's easy to do with Canadian. Coin shops don't tend to care
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Pillar of the Community
United States
3343 Posts |
Only some sterling spoons, but that was several years ago and there seem to be a lot more bidders these days.
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Rest in Peace
United States
17900 Posts |
You need to spend a lot of hours in the auction only format to ever score below melt. However, you will do much better if you learn to grade a particular series and become expert in that subject. There are great buys on ebay, but only if you know what really does have a chance at a home run. |
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Pillar of the Community
United States
519 Posts |
Never, and believe me I've tried.
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Bedrock of the Community
Australia
21786 Posts |
Bertensgrad's experience is the same as mine.
Nevertheless, don't expect to see your junk silver stash to grow in any sort of a hurry.
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Bedrock of the Community
 United States
12819 Posts |
Only from coin roll hunting or getting the occasional %40 Kennedy half dollar from my bank. Oh, my CCF Secret Santa gifted me a 1 oz round last year. I guess that counts as below spot.  |
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Pillar of the Community
United States
1192 Posts |
It may not grow thst fast but I have the best sterling Canadian junk binder ever :). Ok atleast it makes me maybe
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Pillar of the Community
United States
4333 Posts |
Someone made out, when they bought from me three rolls of 40% Kennedys on craigslist. 70% of spot. The coins sat there for three weeks and only one bite. Typically I see them offered there with a 100% premium over spot.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
Sweden
1078 Posts |
What's with the bad success rate? I've got silver below spot a couple of times on the Swedish ebay. Just know their values and check out auctions long beforehand. Obscure listings with bad descriptions/titles, bad photos and coin lots are the best at scoring at. You need to know almost every detail of modern silver world coins or you could miss out. |
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Pillar of the Community
United States
7390 Posts |
Wait, there's a Swedish ebay  |
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Pillar of the Community
United States
1119 Posts |
I once got a collection of Roosevelt dimes for only the value of the silver ones. The seven-ish dollars face value of the non silver ones was unaccounted for in the selling price. |
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Pillar of the Community
United States
3843 Posts |
I once got a piece of foreign gold for slightly under its metals value at an estate auction. The U.S. gold went nuts with tons of bidders but the foreign gold only had a few interested bidders. I planned it so the next bid increment over mine would be over spot and nobody else seemed to want to bid over spot so I got one of the nicer pieces.
Edited by Joe2007
01/31/2016 10:59 pm
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Pillar of the Community
United States
500 Posts |
LCS offered me 2 rolls of 40% Kennedy halves at under spot but I passed. Spot was a bit higher back then so I am extra glad I passed. I think around $22 at the time. |
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Pillar of the Community
United States
1911 Posts |
My LCS actually has junk silver US coinage they weigh it and take it x spot. So I guess that counts as below spot since it is less than what you would pay for a full weight coin. Also they have some really old/nice foreign coins I can get for spot too. |
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Valued Member
Australia
208 Posts |
I've gotten silver coins under spot 3 or 4 times on Craigslist, meeting in public places.
I've found sterling under melt many times at estate and garage sales, some of it being resalable (nice jewelry, spoons, etc)
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Replies: 19 / Views: 3,918 |
Posted 01/31/2016 12:19 am
