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 Replies: 9 / Views: 2,409 |
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Valued Member
Canada
159 Posts |
Hey,
I just bought 50 Silver 1oz Maple Leafs. I've never bought Bullion before and I was wondering how re-selling this stuff works. I paid about $20 per 1oz Coin. So, say the spot price is around $15, when it comes to re-sale, am I expecting to sell at $15? Do I sell at the spot price or is it fair to adjust the price considering what I paid for it?
When I bought it, the price was around $11, but I guess the dealer has to make money and has to pay for shipping costs and whatever, I paid about $20 per coin.
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Valued Member
United States
135 Posts |
You can expect to get spot or less. What you paid for the coins doesn't matter.
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Pillar of the Community
United States
3098 Posts |
No. I sell my bullion through Craigslist and local classified ads to local buyers who will meet face-to-face in a bank.
NEVER SELL TO DEALERS OR PEOPLE WHO OFFER YOU SPOT!! Look at the dealer prices and sell it for around theirs.
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Valued Member
 Canada
159 Posts |
That's smart business for dealers because you buy Bullion over priced and sell back cheaper. I feel a little ripped off.
WD1040, I like your idea about selling on Craigslist... thanks for the Tip.
I have some long term goals of flipping between Silver and Gold and amassing a horde over time.
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Valued Member
Canada
159 Posts |
I looked up "Silver Bullion" in my local CraigsList and there are a lot of people selling Silver, I was surprised.
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Valued Member
Canada
351 Posts |
Yah, your best bet is ot sell it privately, be your own dealer, don't sell it to one.
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Pillar of the Community
United States
3098 Posts |
Yeah, and don't contact the ones that are buying. Take a picture and post one of your own with a $10 higher price and at the bottom, write "price negotiable."
There will be some stupid or just rude people offering super low (like someone offering $750 for my Krugerrand) but still respond by saying, "how about $$$?"
And so.... that's basically how you sell on Craigslist...
oh yeah! And take good pictures, host high quality ones on imageshack or whatever and give them the link to see. Also, write a slew of possible key words like gold bullion silver coin coins bar money investment depression recession inflation economy hedge ... etc so the searcher can pick up your listing.
Also, make your title easy to read, like instead of saying "Maple Leaf 2009," write "~~~~~~~~~~~~~~~~~~~~MAPLE LEAF ROLL 2009~~~~~~~~~" so more people can see it.
Other than that, good luck selling! And remember to meet at a bank during the day.
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Valued Member
Canada
159 Posts |
yeah, I noticed some of you guys have some really nice camera equipment... I think I'll just copy and paste a pic of a 2008 Silver Maple Leaf coin instead. Can you buy 2x2 type sleeves to protect 1oz Silver coins? I would hate to sell a scratched up coin in the Future. Yeah, I'm good with advertising; how about this for a heading... ** BUY SILVER & a Gun! Are you ready for the WORLD Depression!?** haha!   No, I'm just kidding, I'm not that much of a slime ball. Do you think selling OLDER maple leafs with the date on the coin would want to make people negotiate a little harder since they would know the approximate price that I paid for an Oz 5 years ago. Meeting up at a bank seems like VERY good advice. Have the Silver in the safety deposit box and once the money is in hand, put it into the account and walk-out clean. Thanks. James. Edited by Coinage
01/03/2009 02:17 am
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Pillar of the Community
United States
3098 Posts |
Quote:
yeah, I noticed some of you guys have some really nice camera equipment... I think I'll just copy and paste a pic of a 2008 Silver Maple Leaf coin instead. Gosh... I should have taken one for you. Are you looking to sell singles or the whole roll? For the roll, I also put up a pic of the roll. Quote:
Can you buy 2x2 type sleeves to protect 1oz Silver coins? I would hate to sell a scratched up coin in the Future. I just had it in the roll until I sold it. I don't think they scratched... Also more importantly, do they have milk spots? If not, then I'm buying a roll of 2009s Quote:
**BUY SILVER & a Gun! Are you ready for the WORLD Depression!?** Just wondering about the gun laws up North... is it the same across the country or is BC suddenly more left about the issue than everyone else? |
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Valued Member
Canada
159 Posts |
Well, I'm assuming the Gun Laws are the same across the country. Not too many people are into guns on the west; seems like Guns are more popular in the East. You need a licence and you can only have a hunting rifle in your trunk during hunting seasons. I'm probably not the right person to ask about Canadian gun laws. I'm sure others could answer your questions on this subject. I'm actually thinking of getting a gun licence, mostly for target practice on the weekends and I believe that every man should be able to protect himself, loved ones and possessions. Quote:
Gosh... I should have taken one for you. Are you looking to sell singles or the whole roll? For the roll, I also put up a pic of the roll.
I want to hold off and see what happens in the Market before I sell, when I do, I would sell whatever I had, singles or rolls. I'm just stocking up at the moment, I'm not looking to sell yet. Edited by Coinage
01/03/2009 02:27 am
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Replies: 9 / Views: 2,409 |
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Posted 01/02/2009 1:22 pm
