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cyberdan
Penny Collector Member
USA
289 Posts |
 Posted - 08/12/2009 : 13:20:24
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Over the last few months I have sold quite a few silver coins. A few weeks ago I offered some gold (right at spot) that I had accumulated. Just one very low offer and that was it. So I pulled the lot and it is now on it's way to the refiner.
I have also accumulated a hugh pile of silver (jewelry, tableware, bowls, candlesticks, etc) I am just asking for opinions now. Does any one think there will be interest if I put it up in the BUY IT NOW area? Or do you think I could do better (after all the fees) if I put up lots on ebay? I have not sold an ounce of 925 since I have been hoarding.
I don't want to spend the time grouping things together and taking pics if there will not be any interest.
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Neckro
1000+ Penny Miser Member
Saudi Arabia
2080 Posts |
Posted - 08/12/2009 : 13:40:36
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| I do not know. I do not fancy sterling or scrap. =/ |
Trolling is an art. |
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NiBullionCu
Penny Pincher Member
USA
168 Posts |
Posted - 08/12/2009 : 13:42:08
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| May I ask what refiner you sent your gold to, and why you chose them? |
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jtm3
Penny Pincher Member
USA
187 Posts |
Posted - 08/12/2009 : 14:08:49
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I think you would do better on ebay.
Start the bidding at spot and I am sure it will sell.
Don't put it up in the bullion section though! |
Copper Cent Hoarding Wiki
coppercenthoarding.wikia.com
+637 posts |
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cyberdan
Penny Collector Member
USA
289 Posts |
Posted - 08/12/2009 : 15:30:12
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quote:
Originally posted by NiBullionCu
May I ask what refiner you sent your gold to, and why you chose them?
This refiner I have used two times. Once I felt he underpaid based on my pre-testing of what I had (a tri-electronics tester) the second time I felt he overpaid. I am testing him again to see what happens. He charges 2% - no other fees.
You must be logged in to see this link.
The other refiner charges 2% if he refines right away (& I think 5% if he just tests and pays) I have used him one time and he was very close to what I expected. He also has a package in the mail. He is also a frequent poster on the treasure net forum he goes under jewelerdave
You must be logged in to see this link. |
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jadedragon
Administrator
Canada
3788 Posts |
Posted - 08/12/2009 : 15:44:38
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| Those enviromint coins look pretty good. I've seen good comments on him somewhere. Sterling seems to be the poor sister in precious metals. People seem to prefer pure or 90% coins. Personally I don't buy scrap anything. |
The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man. George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
Passive Income blog |
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cyberdan
Penny Collector Member
USA
289 Posts |
Posted - 08/20/2009 : 13:46:51
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quote:
Originally posted by jtm3
I think you would do better on ebay.
I thought you would be right but I looked up ebay closed sales. Almost every 925 sale sold under spot. Same with 40% and some 90% coins. Those that closed above spot the fees would have eaten up any profit and that means they sold under spot.
I think I will just send a few pound at a time to my refiner and take the 10% hit.
a lot easier than photographing, listing, selling, getting paid, and shipping to make the same $$$ |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 08/20/2009 : 16:07:41
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quote:
Originally posted by cyberdan
Over the last few months I have sold quite a few silver coins. A few weeks ago I offered some gold (right at spot) that I had accumulated. Just one very low offer and that was it. So I pulled the lot and it is now on it's way to the refiner.
I can't speak for others here, but the reason why I own oodles of silver and no gold (I sold the 5-gram .999 APMEX bar I had to another Realcent member a while back) is that silver's spot price is ridiculously low compared to the available supply. Once the real supply of silver is established, rather than what COMEX shows in paper contracts for silver, silver's price will skyrocket much more percentagewise than gold. A lot of analysts say that $100 silver is not out of the question at some point, which would be about a 700 percent increase over the current spot price. Comparatively, I think the only way we'd see a comparable price increase in gold to, say, $6300+ is if and when dollar hyperinflation hits. So to make a long answer short, I think the majority of people on Realcent like silver more than they like gold. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 08/20/2009 : 16:55:50
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| I think coins are more of a preference here on RealCent. I've seen the fractional gold sell here, even though most folks would rather have the silver coins and bullion. 40% sells here on RealCent too. However, as you've found out, it has to be priced below spot. |
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Edited by - Country on 08/20/2009 16:57:08 |
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I have sold lots of silver coins here but no gold
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