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CopperFinder
Penny Sorter Member
USA
34 Posts |
 Posted - 05/11/2010 : 17:08:57
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I have about $900 worth of silver and I am looking to sell it. How can I get top dollar for it?
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
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CopperFinder
Penny Sorter Member
USA
34 Posts |
Posted - 05/11/2010 : 17:14:05
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| I already posted an ad in the the buy it now section. Hopefully someone will respond. Any more ideas? I was hoping to try and get instant cash from it. |
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UDEric
Penny Pincher Member
USA
202 Posts |
Posted - 05/11/2010 : 17:19:38
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I'm far from a pro at this, but you said you wanted "instant cash" and "top dollar"...those 2 may not go hand in hand. Instant cash = pawn shop, we buy gold type of place and surely you wont get top dollar there.
Maybe try a coin shop? Can probably get a better price there than a pawn shop. |
"Three things cannot be long hidden: the sun, the moon and the truth" |
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CopperFinder
Penny Sorter Member
USA
34 Posts |
Posted - 05/11/2010 : 17:24:20
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I walked into several "we buy gold" locals around my town. Many try to give me $7 an ounce. One place even said $3.50 per ounce is all they could do.
I walked into a coin shop and sold them some gold, but he said that he was not really interested in silver, because its so low right now.
I will look for more coin shops. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 05/11/2010 : 17:53:39
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| A coin shop not wanting silver??? that is weird |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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CopperFinder
Penny Sorter Member
USA
34 Posts |
Posted - 05/11/2010 : 17:59:23
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quote:
Originally posted by PennySaved
A coin shop not wanting silver??? that is weird
That is exactly what i was thinking. |
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PennySaved
1000+ Penny Miser Member
USA
1720 Posts |
Posted - 05/11/2010 : 18:03:09
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| Have you tried craigslist? |
SELLING COPPER PENNIES 1.4X FACE SHIPPED......“I sincerely believe that banking establishments are more dangerous than standing armies, and that the principles of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale” Thomas Jefferson |
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CopperFinder
Penny Sorter Member
USA
34 Posts |
Posted - 05/11/2010 : 18:14:04
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quote:
Originally posted by PennySaved
Have you tried craigslist?
No I have not. Good idea. What if I get robbed? :( |
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Kurr
1000+ Penny Miser Member
2906 Posts |
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Nickelless
Administrator
USA
5580 Posts |
Posted - 05/11/2010 : 18:41:29
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CopperFinder, why are you wanting to sell your silver? I'm strongly of the opinion that silver is dirt-cheap right now compared to where it's probably heading in the next few years and I don't know many people who would want to sell silver right now even though it's inching toward $20. If you need the cash, is there anything else you can sell instead?? Here's food for thought:
You must be logged in to see this link.
The only things I'd sell silver for right now would be tools I need for long-term needs. Case in point, I just traded $8.50 face value worth of pre-1965 quarters for a vacuum sealer that's big enough to seal 5-gallon mylar food storage bags and sold another 7 ozs. silver so I could buy a .22 semi-auto for deep concealed-carry. |
Visit my new preparedness site: Preparedness.cc/SurvivalPrep.net
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Are you ready spiritually for hard times? http://www.jesusfreak.com/rapture.asp |
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Beau
Penny Pincher Member
216 Posts |
Posted - 05/11/2010 : 20:37:23
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what form of silver is it?
Bars, Silver rounds, American coins, foreighn coins?
What are you asking per troy ounce?
I know you want top dollar, but what is top dollar,
this may be a one day jump in price?
Where are you located, if close I will drive to buy.
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Beau
Penny Pincher Member
216 Posts |
Posted - 05/11/2010 : 21:52:44
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CopperFinder which email address do you want me to use?
if you have not found a buyer yet. |
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Lemon Thrower
1000+ Penny Miser Member
USA
1588 Posts |
Posted - 05/12/2010 : 05:33:18
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if you want the best price, you have to sell to an individual who does not have access to wholesale coin prices.
coin dealers will buy at a wholesale price. for junk silver, that's usually at least 1X face below spot. pawnshops and rip off coin dealers will be even less.
craigslist - you can get over spot potentially but its not quick and its a lot of hassles. try going to coin clubs, posting on gun message boards, etc. be sure to maintain your security and privacy.
real cent - you can get very close to spot if you are patient. there are a lot of people selling silver all of a sudden that the price is up, so you will have to be patient. |
Buying:
Peace/Morgan G+ at $15.00
copper cents at 1.3X
wheat pennies at 3X
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CopperFinder
Penny Sorter Member
USA
34 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 05/19/2010 : 15:17:50
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quote:
Originally posted by CopperFinder
I walked into several "we buy gold" locals around my town. Many try to give me $7 an ounce. One place even said $3.50 per ounce is all they could do.
I walked into a coin shop and sold them some gold, but he said that he was not really interested in silver, because its so low right now.
I will look for more coin shops.
So low? Explain to him about the concept of buy low and sell high. Are you sure he didn't say it was too high? |
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Think positive. |
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beauanderos
1000+ Penny Miser Member
USA
2408 Posts |
Posted - 05/19/2010 : 21:00:58
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quote:
Originally posted by CopperFinder
I have about $900 worth of silver and I am looking to sell it. How can I get top dollar for it?
You might have better luck if you break the lot size down, you limit the number of your bidders by the size of the face lot |
Hoard now and hold on!
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http://wherewillyoubein2012.blogspot.com/ |
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Topic |
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How do you sell your silver at spot price?
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