Questions On Selling Silver

ebay buyers of PM's tend to overpay on premiums in general, based upon my years of viewing auctions, so I believe that would cover most or all of the fees and even shipping. Local dealers in my area usually pay 70-80% of spot price.

I would say it depends on what type of silver:
90%?
Premium silver bullion coins?
Straight generic bullion?

For 90% I would go the LCS route or a private facebook route.
For premium bullion I would go ebay.
Straight generic I would avoid ebay as the competition is fierce and the margins are low.

Definitely a lot to consider if and when I decide to sell. Just kinda scoping out my options. I have 28 oz of silver between Silver Eagles, Maple Leafs, Somali Elephats, Philharmonics, and a Libertad and a Britannia...and finally a Kangaroo.

If you have other things to sell besides the silver you could try a local auction house.

A place that buys gold/silver has always worked for me, whether flatware, dental or coins. They're used to settling estates and handle it in any form. You'd be surprised how little you get for hollowware.

1st off, I would suggest NOT selling your 28 oz of silver unless you really need the money! I would wait till either you REALLY need it, you retire, after or during an SHTF situation, or save it to pass down to your kids!

Something to think about when going the ebay route. Have you ever sold anything on ebay? More specifically do you have user feedback from selling stuff on ebay. If you do, great, it will help with selling silver there. If not, you might consider selling some random stuff there so you can build up your seller feedback so when/if the time comes to sell your silver there, you will already have established yourself as a solid seller.

LCS gives cash in hand, which can be helpful in a pinch. Do you have a lot of local coin shops (or antique shops, etc.) that will buy precious metals? If so, you can call each one and get an idea of how much they will give you for different types of bullion, silver eagles, maple leafs, etc. You might have be better off selling different bullion to different dealers.

That was the case for me when I had to sell my silver. I went to three shops to sell; one to sell 90%/perth mint silver/a couple slabs, another to sell silver eagles, and another to sell other bullion (philharmonics, generic, Brits, and Canadian). There was considerable difference which is why it was worth it to do this. I got above spot for pretty much everything by shopping around.

Best of luck!

I am still on the fence right now. I've been on ebay since the 90's. The fees have gone crazy high since then. Just not sure if I wanna stay in the game. There is a level of risk that I am not sure I want to take on. I'm not in dire need of the money but I could be putting it to good use though. There is much to take into consideration.