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cwgii
Penny Hoarding Member
USA
924 Posts |
 Posted - 07/01/2009 : 17:34:41
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called three dealers today, looking to dump some silver, see if they would take ikes, and wheats.
8.5, 8.79. 9.0 x fv for silver
no one would buy ikes
all offered 2 cents for wheats. ouch.
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 07/01/2009 : 17:41:04
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For small quantities of 90%, 8.5x to 9.0x is a little low, but not too far off. The majors are only offering around 9.5x for silver bags as of today. BD-$9550, Tulving - $9700.
How much 90% silver were you trying to sell? Maybe you can get a better price right here at RealCent. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 07/01/2009 : 17:42:09
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quote:
Originally posted by cwgii
called three dealers today, looking to dump some silver, see if they would take ikes, and wheats.
8.5, 8.79. 9.0 x fv for silver
no one would buy ikes
all offered 2 cents for wheats. ouch.
I see no rip offs here. The dealer has to make a living and made you legitimant offers.
8.5 and 8.79 x fave is a pretty fair offer. That is 1 point or a little more, which is typical. Im suprised you got an offer at 9x face. That give the dealer .7 points to work with.
Theres not a big demand for Ikes. If a dealer does buy them it will usually be for $1.05 or $1.10.
Typical wheat price on here sells for 4 cents each. 2 cents is half of that, but the dealer is only working with a 2 cent spread.
You have to keep in mind that dealers have to make money because this is their job. Also keep in mind that we are an active buying community. I just sold 4000 wheats on here this morning! |
Copper Penny Investing
www.portlandmint.com |
Edited by - highroller4321 on 07/01/2009 17:43:49 |
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Coll3ctor
Penny Pincher Member
USA
222 Posts |
Posted - 07/01/2009 : 17:43:16
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| Dealers have to pay bills and put food on the table just like the rest of us. I don't think those offers were to far out of line. |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 07/01/2009 : 19:01:08
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| Agree with the above replies. If you want more for your items, sell them on here or locally through a Craigslist ad. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 07/01/2009 : 19:08:04
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| sell to private party for more. |
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moboman
1000+ Penny Miser Member
USA
2555 Posts |
Posted - 07/01/2009 : 19:32:50
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| dealers have much more overhead than the seller on realcent or at the coin show. |
"99% of all lawyers give the rest of them a bad name" 
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Gr33nday43
New Member
Uzbekistan
10 Posts |
Posted - 07/02/2009 : 01:13:34
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| Yeah, it's unrealistic to expect dealers to not make some kind of profit. As moboman stated, they have to pay for the building their shop is in, and most of the time workers. It would be much more profitable to sell here on Realcent or eBay. |
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dealer rip offs
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