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 Replies: 44 / Views: 5,062 |
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Pillar of the Community
United States
1388 Posts |
As a buyer, I never have a problem with paying spot. We are still in a recession, and I want to help keep these shops afloat. Partially because there are few around, and partially because they have my loyalty as a customer. These are tough times, and I just want to do my part.  Just my humble opinion... |
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Pillar of the Community
Canada
3692 Posts |
20% off $30 = $24
That's like last year's prices, tell them to take out their calendar and get on the same page. I wouldn't even ask for a discount on spot unless I was buying 10+ ozt. You have to think about the dealers. They make maybe $1-2 on the ounce, which is NOTHING for the amount of weight they have to sit on until someone can turn it over for them.
Edited by Libertad
02/24/2011 5:08 pm
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Pillar of the Community
United States
2661 Posts |
Mint, I offered up somewhere in the amount of $115 in melt value sometime ago for Something like $92. I did not even get a nibble. I even offered to pay the shipping. It was my first and probably last time I offer up anything to sell here. I sold the whole lot to some guy an antique/flea market for $100 solid. I will just stick to selling local, #1 it saves wear and tear on my keyboard, and #2 I don't have to keep checking the post or my email for a taker.
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Valued Member
United States
313 Posts |
ok I'll weigh in on this.When my Grandfather got me into coin's and other things 50yrs. ago (I'm 58) He always told me what you have for sale is not what you think it's worth or what a book says it's worth it's worth what someone is willing to pay CASH MONEY to you for it you don't have to sell anything to any body if you don't want to and you don't have to buy anything that you can't get for your price your willing to pay it's called supply and demand it's what the stock market and others do every day.gas is $3.20 a gallon it was $.59 a gallon when I started driving "it's not personal it's business" if you want to sell something that's your choice do you hold or do you fold if I buy from you today at spot and the price goes down $3.00 the next day are you going to give me a rebate?IMHO  |
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Valued Member
United States
310 Posts |
I generally think spot +/- 10% is fair. I was at a coin show the other day looking for 7 roosies to finish my daughter's set, and found most of them for $2 when spot on them was $2.36. I could have bought more at $2 but I wasn't looking to buy bullion. Likewise, I think it's fair to pay a couple bucks above spot for an ASE. If I offered at %20 discount, it'd be solely based on the idea that I thought silver was on it's way down. Heck if you bought silver yesterday you'd be down $1.41 an ounce right now. |
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Pillar of the Community
United States
573 Posts |
When I offer silver bullion for sale, I post it both here and at a precious metals forum. I have sold items at both places for the prices that I requested, but I have only gotten low-ball offers from CCF (I'm talking 20%-30% below my asking price, "I've got cash in hand, offer's good only for the next 20 minutes" type of low-ball offers). I've been trying to understand the difference between the two mindsets. The only thing I can think of is that CCF is a "hobby" forum and the other one is an investment forum. There seems to be a different level of seriousness at each.
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Pillar of the Community
 United States
1000 Posts |
Fatboy.... I do agree with your grandfather...Silver is worth what people are willing to pay for it and you can see people buying and selling the same junk silver for 16% to 20% more on ebay. Which is the whole point of this topic. It is not specific to my offering. Is that china cabinet worth $500 because that is what someone would pay for it in the open market or is it worth negative $25 because granny didn't know better. I say it is worth what people would buy it for, not what someone is offering so that they can still make money when they flip it in a day or two. But that is just my opinion. Quote:
...if I buy from you today at spot and the price goes down $3.00 the next day are you going to give me a rebate? I would if you agree to pay me more if it goes up $3.00 before it is delivered.  |
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Valued Member
United States
313 Posts |
Mint first off if I were selling something and I knew I could get 15to 20% more at one place why would I waste may time going to the other place when I knew I was going to be offered less  (unless you were hoping to get more on this sight then the other second with the china cabinet example BOTH people got a good deal(actually 3) grandma got rid of something she could no longer use/wanted needed floor space etc.the guy who got it sold it made a PROFIT and the person who bought it got a good deal for something they WANTED(if they didn't get a good deal they wouldn't have BOUGHT it) again not looking for a fight this is just MHO! |
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Pillar of the Community
United States
3592 Posts |
Quote:
I would if you agree to pay me more if it goes up $3.00 before it is delivered   |
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Valued Member
United States
310 Posts |
"When I offer silver bullion for sale, I post it both here and at a precious metals forum. I have sold items at both places for the prices that I requested, but I have only gotten low-ball offers from CCF (I'm talking 20%-30% below my asking price, "I've got cash in hand, offer's good only for the next 20 minutes" type of low-ball offers). I've been trying to understand the difference between the two mindsets. The only thing I can think of is that CCF is a "hobby" forum and the other one is an investment forum. There seems to be a different level of seriousness at each."
I think this may have a lot to do with it. There's bullion investors here, but it's also mostly coin collectors. They want deals for their collection more so than buying/selling bullion. Bullion investors who are constantly buying and selling are probably more willing to pay spot and such. Demographics seems like a good explanation.
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Pillar of the Community
United States
1000 Posts |
Quote:
why would I waste may time going to the other place when I knew I was going to be offered less I didn't expect more or less...as I explained earlier...I base my price on recent ebay closed auctions less 5% - 9%. I pay the buyer that instead of ebay. Quote:
BOTH people got a good deal(actually 3) I guess 2 out of 3 ain't bad huh? I can't see where granny being ripped a new one....paying a guy $25 to take away something that is actually worth $500 made out in any way shape or form. but again that is just me. |
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Valued Member
United States
313 Posts |
Mint You are right,good luck to you on all your sales on the bay if you do as well as I do on some things you'll be very pleased on the others I don't do as well on next time I'll have to buy a little cheaper and sell a little higher.  Fat |
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Rest in Peace
United States
9104 Posts |
Quote:
I'm not saying it's fair or unfair to the seller or buyer to do this but I can see the reasons to agree/disagree from both parties angles. At current melt I'm able to buy silver for 18x face from a local dealer when I buy large amounts, and 20x from my local coin shop. If I choose to sell I can drive an 1 1/2hrs to a shop that pays current melt. Not doubting your story, but I show two known reputable dealers paying $22,000+ for 90%, basis 33.18. Melt is considerably higher than that. If I could make 10%-31%, I'd be making that trip every day. When we traded silver and bought from dealers at shows, we worked as close as buy 328/sell 331.5, with the 1.5 covering shipping. That's 0.6%. Want a business partner? |
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Pillar of the Community
United States
2335 Posts |
If I could buy at 18x face & sell at current spot just by driving 1.5 hours I'd be all over it. Two trips a day with a 10-20% margin on $10,000 would make me $2-4000/day. |
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Valued Member
United States
458 Posts |
"Want a business partner?"
If you're ever in N.J let me know and I can give you the shops address. From N.J it's just a trip across the bridge to Brooklyn.
"Two trips a day with a 10-20% margin on $10,000 would make me $2-4000/day."
$2-4k isn't bad if you don't mind the drive. I prefer my 1hr drive to A.C to the hold'em tables, or sports action from the comfort of my couch. Less work, more reward.
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Replies: 44 / Views: 5,062 |
First Page
Posted 02/24/2011 5:05 pm
