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 Replies: 23 / Views: 4,106 |
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Valued Member
United States
253 Posts |
I was wondering what percent below spot you were offered. And what is the norm.
Coggie
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Pillar of the Community
United States
3592 Posts |
I usually get spot or a little more on ebay....but lose about 11 % in fees. You can also check the APMEX link on this page to see what they pay right now..that's a pretty good guide. |
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Valued Member
United States
53 Posts |
I haven't sold any silver lately but the local dealer offers about 5%-10% below spot and as you know, depending on what the product is marks it a certain percentage above spot when he sells it. Typically, he sells on replacement cost....kinda like insurance.
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Pillar of the Community
United States
4333 Posts |
My dealer offers 11 X for 90% and 3 X for 40%......I know.
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
2269 Posts |
So far I have been able to sell at either spot or just over spot. But just like Maineman750, I loose 11% from ebay fees. |
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Rest in Peace
United States
1943 Posts |
I just sold some 90 percent when spot was $26.40 per ounce and my dealer gave me $17.50 per dollar.
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Valued Member
United States
56 Posts |
I've been selling at 21x face and buying at 17.5x face. You can survive on a small spread only in times like these. For sterling silver I usually pay 85% of melt and sell for 93%, scrap gold I pay 90% and sell for 96%
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Valued Member
United States
463 Posts |
I been selling off slowly my extras, I bought most of mine at 16-18 and it looks like its paying off. A dealer offered me 17x and that's def. too low so I'm selling at melt or 2x below
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Pillar of the Community
United States
3294 Posts |
I have sold off around 40-50 in face of 90% over the last few weeks at 17-20x face.
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Valued Member
United States
439 Posts |
Every two weeks or so I sell all the silver that I find rollsearching. I am now starting to sell the silver that I have saved up. I think it is good to sell when it climbs and then you can reload on pullbacks. Just like stocks. Pigs get slaughtered.
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Pillar of the Community
United States
3294 Posts |
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Valued Member
United States
64 Posts |
I've bought often recently, usually right at spot.
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Pillar of the Community
United States
672 Posts |
I sold about 100$ face of 40% for 7X face, and some 90% at 19X
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Valued Member
United States
439 Posts |
I am going to sell some after work. 21 40% halves I found and 1 40%.
I have a 104 half in bad shape and I might, might sell that too.
Oh and 2 rolls of quarters.
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Valued Member
United States
244 Posts |
The reputable dealer around here offers $0.50 under melt, and generally sells for $0.50 - $1.00 above. The disreputable one offers around $1.50 under, and sells for about $1.50 over.
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Valued Member
United States
439 Posts |
I sold silver on Tues for 19.5x.
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Replies: 23 / Views: 4,106 |
Posted 12/05/2010 07:29 am
