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 Replies: 17 / Views: 4,014 |
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Valued Member
United States
261 Posts |
I've been ready to close my silver position since 2013 when I went upside down. I will keep my nice coins but plan to clear out all bullion. The question is should I go to a smelter @ -8% spot or sell to JMBullion APMEX ect.... |
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Valued Member
United States
271 Posts |
I don't claim my crystal ball works better than anyone else's, but I have seen silver coin auction prices climbing in the past 2 months, even on lower value coins in bulk. I sold a large mixed lot of silver dimes recently for much more than melt. There's even a spike in no date ones, too. So, you might be able to get a better price online if all the extra work is worth it, that is!
Stay well,
Diy89Nurm7
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Pillar of the Community
United States
711 Posts |
The more work you put in the more you get paid generally. If you sell them here you will likely do best. Any collector to collector sale is going to be best. Probably here, then local coin club / Craigslist would net you the most. ebay is simple but you will lose like 13% or so there so 8% at the smelter sounds better unless you can get more than 5% + your time above melt on ebay. |
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Pillar of the Community
United States
4867 Posts |
Seems a lot of the major online silver retailers are out of stock on most silver bullion items...JM Bullion, Provident Metals, etc.
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Valued Member
United States
274 Posts |
On this case "out of stock" may just mean that they are waiting for the markets to reopen to see how they should price it.
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Pillar of the Community
 United States
2843 Posts |
What exactly do you have? I sell silver locally and I get much more than melt -8%.
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Pillar of the Community
United States
4691 Posts |
When silver ran up to $50/oz years ago, I had a hard time finding a channel to sell off the bullion. This is a different dynamic, it's been known that paper silver supply far exceeds physical supply, but this imbalance had not been exploited....if this lever is pulled things may go nuts.
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Pillar of the Community
United States
4867 Posts |
ebay prices have jumped quite a bit over spot.
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Pillar of the Community
United States
4333 Posts |
I'm seeing several sell offers of $100/oz. ea. for .999 rounds on Craigslist.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
271 Posts |
What I see in the marketplace is great interest in silver stocks but not so much action by mining companies to increase production. So, the run up this week seems to be with stock prices and physical silver already out there. That could mean a "sugar high" like we saw about 8-10 years ago before the price settled to the mid teens where it belonged. If mining / smelting / molding operations are flat then prices should stay inflated because supply will not increase proportionately. Junk silver prices are up a bit, too.
Interesting times and probably good for sellers in the short run.
For what it's worth.
Stay well,
Diy89Nurm7
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Pillar of the Community
United States
4333 Posts |
'Rocketing' to thirty! A 'tremendous' free fall back to $27 lol.
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
United States
2637 Posts |
You may laugh, but try buying any pre-65 for less than 28x.
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Pillar of the Community
United States
3343 Posts |
Hmmmmmm.....where did those silver day traders go......
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Rest in Peace
United States
18456 Posts |
Silver is out performing Gold , go figure . Fine by me . No Gold in my collection .  |
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Moderator
 United States
187862 Posts |
Quote:
Silver is out performing Gold, go figure. Fine by me. No Gold in my collection.   |
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Moderator
United States
15396 Posts |
So, what is the best way for a seller to advantage of this crazy market with pre-65 USA 90% silver to sell?
I have maybe $40 face of such coins that I would readily sell at current prices - if there were a ready market for actual 90% silver coins.
28x would do it for me for sure.
Thoughts?
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Replies: 17 / Views: 4,014 |
Posted 01/31/2021 12:54 pm
