Any Bullion Dealers Out There? - Coin Community Forum

To participate in the forum you must log in or register.

Author	Replies: 6 / Views: 869
jdheyne Pillar of the Community United States 772 Posts	Posted 04/10/2006 2:57 pm Hello. I have been buying scrap silver and just wondering where do you go to get rid of it? There is a place locally that will give 6.8 times spot price per dollar. Is this a normal price? Thanks! Jordan Report this Post to the Staff

gxseries Pillar of the Community Australia 3831 Posts	Posted 04/10/2006 3:14 pm I don't understand what you mean 6.8 times of spot price per dollar. You mean per ounce? At today's rate, 1 ounce of silver is 12.66USD. If you really have scrap silver, i.e. silver wires, etc that are not rounds, bullions or coins, etc, it is quite unlikely that you can sell them at decent price as you cannot really prove the silver content. My partial coin collection http://www.omnicoin.com/collection/gxseries My numismatics articles and collection: http://www.gxseries.com/numis/numis_index.htm Regularly updated at least once a month. Report this Post to the Staff
biokemist6 Bedrock of the Community United States 12437 Posts	Posted 04/10/2006 4:33 pm If you are referring to culled 90% silver coins, then yes, 6.8x face is a decent price. My local coin dealer started paying 7x last week. If it is truly scrap silver (broken sterling jewelery, silverware, etc), it would have to assayed on a piece by piece basis. Report this Post to the Staff
jdheyne Pillar of the Community United States 772 Posts	Posted 04/10/2006 4:52 pm Sorry for the confusion. 6.8 times face value. So 4 Silver Quarters, they would give $8.84 if spot price is $13.00 Report this Post to the Staff
crystalk64 Pillar Of The Community 3147 Posts	Posted 04/10/2006 5:23 pm A silver quarter at 7 times face would be $1.75 each. Most dealers will pay ? X face based on the spot price of silver and whether it is 4, 5, 6 or 7 times face it is just that. So many times face and in this case you are talking 25 cents. A fifty cent piece would be the same 7 X .50 or $3.50. A dime would be .70. Hope this helps. Report this Post to the Staff
jdheyne Pillar of the Community United States 772 Posts	Posted 04/10/2006 7:35 pm I know the amount times face value varies with the price of silver, but most have a range of where it is times spot price. The local person is at 6.8 time spot price, which today may be 8 times face value. Next week if silver is at $15.00, it may be 10 times face value. Anyone pickin up what I am puttin down? Or am I just confusing. Report this Post to the Staff
Bryan1315 Bedrock of the Community United States 14454 Posts	Posted 04/11/2006 11:33 pm I asked the same question on where to sell a month or so agi and you can scroll down to the 20th post and beyond to see what everyone recommended to me here is the post https://goccf.com/t/4329 remember scroll down to the 20th post to start the where to sell portion of the thread Report this Post to the Staff
	Replies: 6 / Views: 869

To participate in the forum you must log in or register.

All Forums Category: US Coins and Currency Forums Forum: US Classic and Colonial Coins

The First Dollar, your premier source for bullion and rare coins. See our bullion list on the site and the coin inventory on ebay.

Silver Gold Bull US is the United States leading bullion dealer. We deliver gold coins, gold bars, silver coins, silver bars and precious metals to your door. Order today!

View Last 100 New Topics

View Last 100 Active Topics

Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us | Advertise Here | Privacy Policy / Terms of Use

Coin Community Forum

It took 0.26 seconds to rattle this change.