My buddy just found about $65 face value of pre 1965 silver coins in his attic. I used coinflation calculator and with everything being what it is, he has about $1950 in silver currently. He can really use the money right now and wants to sell it ASAP. He turned to me for help since I used to buy and sell coins, but I've never tried to unload that quantity of silver at once.
Where do you sell your silver in large lots? I've heard about ARA but don't know specifics about what they offer. I used to be a powerseller on eBay so I know that route, but would prefer to not drop 12% or whatever if I can help it.
I'm just looking for what would be a reasonable rate, so he doesn't get ripped off. He's called a few local places and I think the highest offer so far is like $1500 which I told him was likely way too low.
This will also be good practice for me since when I used to buy and sell coins silver was less than $5 an ounce and I had about 50-60 ounces stashed away for a rainy day that I may look to sell soon.
Thanks for any input you can give.
Where do you sell your silver in large lots? I've heard about ARA but don't know specifics about what they offer. I used to be a powerseller on eBay so I know that route, but would prefer to not drop 12% or whatever if I can help it.
I'm just looking for what would be a reasonable rate, so he doesn't get ripped off. He's called a few local places and I think the highest offer so far is like $1500 which I told him was likely way too low.
This will also be good practice for me since when I used to buy and sell coins silver was less than $5 an ounce and I had about 50-60 ounces stashed away for a rainy day that I may look to sell soon.
Thanks for any input you can give.
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