Liquidating Silver World Coins

Personally, I feel that the market favors US silver coin. People are fairly comfortable buying/selling US coinage simply due to its popularity and widely known compositions.

Even my coin dealer up here in western Washington state has a hard time selling foreign silver. As a matter of fact he complained when buying the bulk of my foreign silver coins (although he did buy them).

I often see the foreign silver coins stagnate in all my local coin shops, probably due to the fact that your average silver buyer does not know the composition of the coins, or if he/she does, probably wants a coin with a higher percentage of silver per coin (something lacking in most foreign silver compared to US coins).

i would definitely, be interested! I like the ccf auction idea!

I'd be interested - depending on what I have already in the collection.

I think modern coins with known silver content are easiest to sell for melt.
I've sold common Canadian silver easily. Older silver world coins may be tougher to sell for BV.
For instance, that Jaipur Rupee is silver, but the fineness is unknown to me.
Hopefully you keep that one, because I think Indian coins that old are restricted exports.

I believe he's talking about the fact that the Indian government is banning the export of older Indian coins from the country, which results in a shortage of the Indian coins for worldwide collectors.

Thanks to all that replied. That is why I like belonging to the CCF. It is a place to gain the knowledge that one needs to be successful in the hobby of kings. Thanks again!

I haven't tried to sell at this time. I'm accumulating for a hedge against a falling dollar. And raising interest rates, when that happens. Just didn't want to put my money into foreign coin silver if there is no chance of selling it when that time comes. I think if people on this forum would contribute information about various selling venues, that would be great!

There are several problems with foreign silver.

Unless you just buy them and throw them in a bucket until you get enough to justify refining, you need to keep track of both different weights and finenesses. That means 999, 925, 900, 833, 800, 750, 720, 500, and many more. To figure what they're worth at any given moment, you have to calculate each of those into pure ounce equivalents before multiplying by spot.

Even if you are just going to melt them, refiners usually have different pay schedules for different purity, for example, more money paid for .800 fine or better. Let some billon coins slip in a mix, and you can easily drop your end fineness below 800 and get the lower % on everything.

This all assumes you sell direct to a refiner. If you sell to a dealer, he's prolly only interested in 90/40/35 or 925/80/50,if Canadian. Another catch is that the lower the silver content, the more crap has to be refined out, which takes more time and chemicals.

Take warnix (350). Silver content is $1.84, or $7350 per bag of 4000. A major dealer lists $6055 as his SELL price; almost 18% under melt.

Clad halves (400). Silver content is $4.83, $9660 per bag. The same dealer pays $8740, or about 9.5% under melt.

Regular silver (900). Melt is $23,626 per bag, buy price $22,040, only 6.7% back.

Considering warnix have been popular for 50 years, and they sell for 18% back, how much of a hit do you think you'll take on some oddball stuff?