| Author |
 Topic  |
|
|
GA-Silver
Penny Pincher Member
USA
238 Posts |
 Posted - 12/31/2009 : 21:47:22
|
|
I know someone who wants to sell a 100 oz silver bar that their daughter has had for some time. At today's prices, what would be a good price for it? This person knows I'm into silver, so he asked me about selling it. I can't afford that much silver, but I hate to see a dealer take it away from them at a cut-rate. How much do you thin a dealer would offer under spot?
|
|
|
HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 12/31/2009 : 21:54:00
|
It would depend on how much of a ready market the dealer has for it. If they are going to assume some market risk by holding it they are probably going to want to leave a little room in it in case turns against him.  |
If your percentages are low.. just sort more. If your percentages are high.. just sort more.
Now selling Copper pennies. 1.6x plus shipping. Limited amounts available. |
 |
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 12/31/2009 : 22:08:20
|
depends on the bar. Engelhard or JWMatthey and a few others would get (should get) not less than 97% of spot. But from some dealers you could get 99 or maybe even 100% of spot.
90% of spot would be WAY too low!
I'm sure at current prices you could get spot plus shipping easily on this forum(assuming christmas hasn't sapped all available funds). |
"May your percentages ever increase!" |
|
|
|
wolvesdad
1000+ Penny Miser Member
USA
2164 Posts |
Posted - 12/31/2009 : 22:10:03
|
| Go to Apmex.com, find the same bar as he has and check the Buy Price listed(click on the Buy Price link). That should give you a good idea if they'll buy and how much. |
"May your percentages ever increase!" |
|
|
|
beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 12/31/2009 : 23:34:35
|
quote:
Originally posted by wolvesdad
Go to Apmex.com, find the same bar as he has and check the Buy Price listed(click on the Buy Price link). That should give you a good idea if they'll buy and how much.
Good tip, Wolvesdad  Also for anyone who bids on any silver item on ebay, the APMEX buy price is a good way to calculate your bids.  |
Hoard now and hold on!
http://coppermillions.blogspot.com/
http://wherewillyoubein2012.blogspot.com/ |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/01/2010 : 18:50:50
|
quote:
Originally posted by GA-Silver
I know someone who wants to sell a 100 oz silver bar that their daughter has had for some time. At today's prices, what would be a good price for it? This person knows I'm into silver, so he asked me about selling it. I can't afford that much silver, but I hate to see a dealer take it away from them at a cut-rate. How much do you thin a dealer would offer under spot?
If they want to offer it on the marketplace they are welcome to do so. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
GA-Silver
Penny Pincher Member
USA
238 Posts |
Posted - 01/01/2010 : 21:36:12
|
| I may try to broker a deal to where the seller gets a little more than he would than selling to a dealer and perhaps I can make a small commisssion. |
|
|
|
Ardent Listener
Administrator
USA
4841 Posts |
Posted - 01/01/2010 : 21:46:58
|
quote:
Originally posted by GA-Silver
I may try to broker a deal to where the seller gets a little more than he would than selling to a dealer and perhaps I can make a small commisssion.
I would say more than "a little". Heck, I got 100 ounce bar fever myself.  |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
|
|
|
GA-Silver
Penny Pincher Member
USA
238 Posts |
Posted - 01/02/2010 : 13:11:22
|
| Yeah, I'd love to buy the 100 oz bar myself, but unfortunately Obamanomics doesn't allow it at this time. |
|
|
|
EZ_Money
Penny Pincher Member
USA
125 Posts |
Posted - 01/03/2010 : 14:11:15
|
| If you are using Obamanomics you can afford as many as you want. Buy them all on credit you don't have to pay for it anyway! (sorry couldn't resist) |
Running total:
Halves searched:$14,445.50
90% found: 122
40% found: 481
Dimes Searched $2100
Found: 5 |
|
|
|
GA-Silver
Penny Pincher Member
USA
238 Posts |
Posted - 01/03/2010 : 22:21:51
|
| true dat! |
|
|
|
dakota1955
1000+ Penny Miser Member
2212 Posts |
Posted - 01/04/2010 : 09:11:42
|
| Just to much Christmas. |
|
|
|
Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 01/04/2010 : 09:21:12
|
here is another site with buy prices.
You must be logged in to see this link.
looks like 1.7% below spot on their buy price. not nec. the exact same bar.
note that the percentages they show are their sell price premium over spot for different types. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
|
|
|
| |
Topic |
|
100 oz. Silver bar
Forum Locked
