Need guidance from the seasoned.

[JJTheisen]

Ok ladies and gents, I called to three different coin dealers today to get estimates on sellin some of my silver halves. The range for 40s was .85 -1.00 and the 90s were 4.00- 4.70 . Can someone please tell me if this is getting ripped off, because i know there is no way i will get melt for them and I know these dealers sell to brokers in bulk, but the prices on the 40s seems really low. Any suggestions would be greatly appreciated again. I am selling only to turn around and pour it back into more CRHING. Thanks ahead of time and hope everyone has had a great week.

JJ

 

[obediah]

Ok ladies and gents, I called to three different coin dealers today to get estimates on sellin some of my silver halves. The range for 40s was .85 -1.00 and the 90s were 4.00- 4.70 . Can someone please tell me if this is getting ripped off, because i know there is no way i will get melt for them and I know these dealers sell to brokers in bulk, but the prices on the 40s seems really low. Any suggestions would be greatly appreciated again. I am selling only to turn around and pour it back into more CRHING. Thanks ahead of time and hope everyone has had a great week.

JJ

Yeup, they will be makin big bucks off you if you sell that cheap; you need to hunt out better prices, of course if yo sell to dealers they will not pay as much as someone who wants them. I am always on look out for those who will pay more, worst quote had yet was $1.10 for my %40 ain't got quotes on the %90 as plan to hold for good while- but ain't ready to sell anything right now, my thought waswhen Silver hits $20 again- sell some, maybe %25. Am up too over 1400 %40'ers now and 86 %90's.
Dont for get 7 %40's make an ounce, at a $1 a piece that is less than 1/2 today's Spot price!
Don't be in hurry to sell, it will cost ya!

 

[fistfulladirt]

You could possibly get a good price from fellow tnet'ers.

 

[Silver Stripe]

Most times dealers will offer more the more you have also... say you are trying to sell (100) 40%ers and they offer $1, but if you have 500 or 1000 they usually offer more. That is the way local dealers are, they gotta rip you off just because they can. There is a classified section here at TNet, there is one at realcent, and others but that involves shipping and the best way I found to ship was flatrate boxes where you would want to have alot of coins to ship. HH Mark

 

[DrDetector]

I posted on the Tnet classifieds a $1000 bag of 40% coins and didn't have a single offer. I didn't even post a low bid, so I would have even considered low-ball offers but didn't get a single one.

 

[LJ]

JJ - those offers are low....especially the 40%. I agree with Mark about the quantity issue as well. If you not in need of immediate cash, you may want to hold on to them a bit. I am sure you will get a better offer than what those dealers offered eventually.

Good luck.

 

[DAS7NY]

I'd go Ebay!

 

[coinmojo]

Check out Kitco on the web or Bullon Direct or others. Or maybe sell them on eBay.

Kitco is paying $3.45 per face Dollar for 40%'s today or should I say $1.725 per half dollar

https://online.kitco.com/refining/index_refine.html

Mojo

 

[golden silver]

Just wait until silver goes up again. It will but you will have to wait a while.

Golden Silver

 

[JJTheisen]

Check out Kitco on the web or Bullon Direct or others. Or maybe sell them on eBay.

Kitco is paying $3.45 per face Dollar for 40%'s today or should I say $1.725 per half dollar

https://online.kitco.com/refining/index_refine.html

Mojo

VERY much appreciated. Thank you all for the comments!

JJ

 

[coinmojo]

Check out Kitco on the web or Bullon Direct or others. Or maybe sell them on eBay.

Kitco is paying $3.45 per face Dollar for 40%'s today or should I say $1.725 per half dollar

https://online.kitco.com/refining/index_refine.html

Mojo

VERY much appreciated. Thank you all for the comments!

JJ

It only takes a few minutes of time to set up an account with one of these outfits, and you don't need to be a business.

 

[fistfulladirt]

I posted on the Tnet classifieds a $1000 bag of 40% coins and didn't have a single offer. I didn't even post a low bid, so I would have even considered low-ball offers but didn't get a single one.

Might have been better to break them up into $100 lots; $1k bag is a lot of coin. ffd

 

[snake35]

E-bay is the way to go even with the fees you will clear more profit. The transaction is safer than Craigs list. Good luck!

 

[DrDetector]

I posted on the Tnet classifieds a $1000 bag of 40% coins and didn't have a single offer. I didn't even post a low bid, so I would have even considered low-ball offers but didn't get a single one.

Might have been better to break them up into $100 lots; $1k bag is a lot of coin. ffd

I thought about doing that but typically you will get more from a dealer if you have a full bag.

 

[jim4silver]

My man,that's a rip off.Sell them on craigslist.Dealers are unbelievably bloodsucking.Good luck. - coincrazed

Not true everywhere. The dealers I buy and sell from/to are pretty decent. The pay enough so that it is not worth it to deal with strangers via craiglist, or hassle with ebay.

Jim

 

[DAS7NY]

My man,that's a rip off.Sell them on craigslist.Dealers are unbelievably bloodsucking.Good luck. - coincrazed

Not true everywhere. The dealers I buy and sell from/to are pretty decent. The pay enough so that it is not worth it to deal with strangers via craiglist, or hassle with ebay.

Jim

Same. My coin dealer is awesome! He sells to ME off the grey sheet! =P HH

 

[markmopar]

www.bulliondirect.com has the Nucleo Exchange. Currently there are bids for $38.30 for rolls of 40% and $102 for 90%. 1% fee and $15 for a wire transfer to your bank account or a week or so for a check. I've sold quite a few rolls on there.