How And Where To Sell Your Silver?

Many ways, but the one I like is simply turn it loose on ebay, and let the market produce what it is worth....

Last night I searched 100 oz Engelhard figuring it should sell for just over 4200, and the first bar I found was setting at 4150, with 13 hours to go, and the others with "buy it nows", were listed anywhere from 43 to 45 hundred. Funny how that works, but it does. Example, last night I won a civil war coin, the raised version, and this one was a rare 1.8 oz. I won it for 69 bucks. Now then, figuring a 2 oz troy silver coin goes for say 90 at the least now, so 70 bucks is just about right for a coin at 1.8 oz. Now then, it really should have brought closer to 80 for the cool rare factor, and it ended right in the middle of what I call "prime time"....

This leads me to my next point, which I have learned through trial an error on ebay. Best time for an auction to begin and end is say Friday night-Sunday night around 8 o'clock east coast USA, via 11 o'clock west coast. Right after dinner (most get paid on Thurs or Friday), and people are surfing/shopping in those hours before bed....

If I wanted to sell, ebay is offering free listings on the 19th. Start it at a dollar, add fair shipping, and the world will give you what it is worth 99% of the time. Now then you list those items with high "buy it nows", and they may set unsold until the cows come home....

Heck of a good point Cali Nick, had not thought about that angle, but you know if I personally buy something, or am winning bidder, I make it my number one priority to get that item payed for, and always via great communication with seller. For example, if I want something, know I can't pay for say 5 to 7 days, always contact seller and get on same page with them, make sure it is o.k., and if so, I will push the bid up for them even though I don't bid until last 5 seconds. A, so I can win it because I want it to begin with, and B, so the seller can get what the item is worth....

Even if I clicked buy it now on an item, and changed mind later for what ever reason, because of my desire to maintain a solid reputation via buying or selling, I am going to still pay for it and purchase the item. It is just about being loyal to your word IMO. Like for example. Lane Kiffin was not loyal to T.N., where Fulmer always was, and so I figure Derek Dooley to be as well. A person's reputation precedes them, in all actions of his or her life....

Yes you are right again, just because one may do the right thing, most probably would not....

US ebay buyers know that there's not a tremendous amount that will be done if they welch on their bids.

Not so in the UK, where small claims courts commonly handle $50-100 complaints, and the courts are serious about a contract is a contract.

You could sell your silver here on CC and explain that all payments must be received within 24 hours or it will be resold...I believe most members here would probably pay very quickly!!

ebay, your local coin store, the buy sell forum here, and craigslist

Here is a good example of someone with a 100 oz set of mix of mostly bars and some coins killin around 4200 birds with one stone, and they have it all in one auction (saving additional listing fees), and it has drawn 2 bids pushing it too 4150, right about right IMO for what is pictured. They will of course loose more to ebay fees an paypal, but still a decent remaining chunk of change, and if that seller bought all that around the year 2000, they are pretty happy with where it is at about now....

Another thing I like about bullion and coins is their mass is so much smaller than most other things I have bought and shipped on ebay, which makes shipping so much easier when one does decide to sell and cheaper, depending on weight of course....

http://cgi.ebay.com/100-Troy-Oz-999...em4cf6705b16