Are You Coins To Good To Melt? What Price Do You Sell ? - Page 2

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Author	Replies: 20 / Views: 3,450	Page: of 2

upstate Pillar of the Community United States 3283 Posts	Posted 11/18/2010 3:21 pm Quote: I am not in it for the money so I don't really care what the market does. I will never sell my collection for the bullion so they can be melted Bryan1315 said it best. Report this Post to the Staff
Syaoran_2001 Valued Member United States 98 Posts	Posted 11/18/2010 6:36 pm So where exactly does one take coins to be melted? Are people selling their silver coins to scrap metal dealers who subsequently melt them into silver bars? Say you have one ounce worth of silver in coin form and silver is at $25 an ounce. You take it to a scrap metal dealer, he pays you $25, where does he make a profit? Or is it that the scrap dealer would never pay you full market value for the silver? Report this Post to the Staff
Libertad Pillar of the Community Canada 3692 Posts	Posted 11/18/2010 6:49 pm syaoran: Exactly. A lot of dealers will have you believe that silver is so valuable, well bring your couple of coins to a refinery so that they can have a good laugh. You need in the range of 500 ozt (by my estimation), by the vatfull. And then you have to pay someone their cut, at below spot price of course, for melting, assaying, holding onto it, to cover the market's volatility, etc. You really need "lots" to get anything close to a fair price. Pick your bottom and stick with it, if you let the market dictate your buying behaviours then you're being played by the game. Report this Post to the Staff
Maineman750 Pillar of the Community United States 3592 Posts	Posted 11/18/2010 6:56 pm Syaoran, check out the AMPEX link at the top of this page...gives you an idea how much you need and how much they are paying. Report this Post to the Staff
Syaoran_2001 Valued Member United States 98 Posts	Posted 11/19/2010 5:31 pm My ad-blocker is blocking that ad, so I see no such link. Report this Post to the Staff
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