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All Forums Category: World Coins and Currency Forums Forum: United Kingdom (Great Britain) Coins

Selling Pre 1920 Silver

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Author Previous TopicReplies: 4 / Views: 3,115Next Topic  
alganbagerap
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United Kingdom
2490 Posts
 Posted 11/11/2010  6:52 pm Show Profile   Bookmark this topic Add alganbagerap to your friends list Get a Link to this Message Number of Subscribers
Do any UK forum members have recent experience of selling pre 1920 & pre 1947 scrap silver coin?
I can't find anywhere paying much more than £10 an ounce, which seems a bit slim given the current spot price. Or am I just being greedy?
argentumandcoins
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United Kingdom
60 Posts
 Posted 11/13/2010  04:33 am  Show Profile   Bookmark this reply Add argentumandcoins to your friends list Get a Link to this Reply
I sold about 4 kilos last month and got about £400/kilo (pure weight). That was about £70 less than spot at the time (I can't remember the exact figures). You have to remember that the person you are selling to needs a margin as well, as does the bullion dealer where it ends up. Nobody pays full spot price or anywhere near it!
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molydeii
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 Posted 11/26/2010  10:05 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
That is why I am sticking to my scrap silver for the future..
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alganbagerap
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 Posted 11/26/2010  1:31 pm  Show Profile   Bookmark this reply Add alganbagerap to your friends list Get a Link to this Reply
Well, I've kept my silver for the moment and probably will do so for the future. It looks to keep on rising.
Molydeii, have you been over to London yet?
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molydeii
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 Posted 12/05/2010  06:05 am  Show Profile   Bookmark this reply Add molydeii to your friends list Get a Link to this Reply
Yes, sir I had been. Sent you a PM just a minute ago! (sorry just saw the message)
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All Forums Category: World Coins and Currency Forums Forum: United Kingdom (Great Britain) Coins



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