How Much, Per Ounce, Should I Expect To Get For My Silver?

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Author	Replies: 5 / Views: 1,721
weerdsteev Pillar of the Community United States 1291 Posts	Posted 01/26/2020 7:12 pm If silver hits $20/ounce and I haul all my old, no collector appeal 90% silver in to my local coin store or pawn shop, what would be a fair offer and one that I should accept? Report this Post to the Staff

Teambar1 New Member United States 7 Posts	Posted 01/26/2020 7:59 pm Hello, I've done that before and it reminded me of selling a used car. Go in with your wanted price, and if the guy won't come up to satisfactory price or equal your wanted price, stop at couple dealers and see who will give you the most. They are pawn shops and will try their hardest to give you the lowest price so they can just turn them around and make more. Sometimes I've put lots on ebay, and with a reserve price that is very close to $20 an ounce, you will probably get the most there, at least I have! People eat silver up on ebay. Report this Post to the Staff
spru Bedrock of the Community United States 12477 Posts	Posted 01/26/2020 8:25 pm Dealers usually give a multiple of face value for 90% silver coins. Right now, you may get 13x face value. If silver is $20/ozt, then you might expect a little more. For example, a Morgan dollar may bring $13. Melt is currently $14.14. In Memory of Crazyb0 12-26-1951 to 7-27-2020 In Memory of Tootallious 3-31-1964 to 4-15-2020 In Memory of T-BOP 10-12-1949 to 1-19-2024 Report this Post to the Staff
Coinfrog Bedrock of the Community United States 94367 Posts	Posted 01/26/2020 8:37 pm Sprue is right - just cash it in and DON'T make a bet on silver again. Report this Post to the Staff
fistfulladirt Pillar of the Community United States 4333 Posts	Posted 01/27/2020 09:53 am Unusual that a coin or pawn shop would want to make a profit on a buy. /s Personally, I'd take a 10-20% loss before I would sell on ebay. It's really not worth it imo. If I had to, I'd go online with provident which I believe pays 90-95%. When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72 Report this Post to the Staff
beem Pillar of the Community United States 570 Posts	Posted 01/31/2020 09:07 am Provident paid very well last time I sold to them. Report this Post to the Staff
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