Profit Maximization for CRH finds. Advice please :)

[Swade2K]

Today I purchased a bank teller's collection of silver Washington quarters (9 rolls) for 2.50 per coin. The LCS guy will give me 4.25 each for them but I see the potential to sell them for 5+ Have any of you had any luck selling via ebay or CL? Thx!

 

[CC-Hunter]

As long as you can keep buying lots of quarters at 2.50 the profit will take care of itself! Anyway, $4.25 isn't awful but you can certainly get more on CL and ebay. If you have active silver buyers in your area I would use CL since you can get a pretty good price and sell quickly without fees and shipping.

 

[Swade2K]

She was absolutely thrilled to get some vacation money and plans to call me if she has any more finds. She also threw in 8 silver rosies and 10 halves for 50 bucks.

 

[Wickaboag]

Ebay seems to be where the best prices are for (SELLING) and people are buying without thinking so it seems. I've seen regular silver quarters sell for as much as 6$ each...
I hope you get the best prices either way,
Wickaboag

 

[ArkieBassMan]

Just don't forget that ebay charges 10% and PayPal takes another 2.9% + $0.30 per transaction.

 

[palidin20603]

CL is the best or find a silver scrap place that buys and sells coins in bulk to places, not scrap the coins. I have a guy scraper that buys coins and sells them to wholesalers not to be melted. He buys at 93% of spot. CL you can get melt or more. HH

 

[Wickaboag]

Posted a good portion of my silver on Craigslist, for (ofcourse) over melt ;-)
I don't think I'll get any bites, but am hoping of course!
Wickaboag

 

[fish on!]

CL is the best or find a silver scrap place that buys and sells coins in bulk to places, not scrap the coins. I have a guy scraper that buys coins and sells them to wholesalers not to be melted. He buys at 93% of spot. CL you can get melt or more. HH

How do you find places like this? I've stopped into a few of these buy gold/silver joints and coin shops just to feel them out on prices and so far the offers were pitiful. I think it's time for me to at least thin the herd of 40%'ers and I have no interest in doing the ebay or CL thing. I think Provident might be my best option, but I'm leery of shipping/insurance, etc.

 

[Mr. Silver Stash]

You can do better selling to Provident. No fees. Paying +$2 over spot. Got to have $1000 worth to sell.
Flat rate small priority box fits a lot of coins. $1000 worth of insurance isn't too expensive. Guaranteed rates from reputable buyer.

 

[fish on!]

You can do better selling to Provident. No fees. Paying +$2 over spot. Got to have $1000 worth to sell.
Flat rate small priority box fits a lot of coins. $1000 worth of insurance isn't too expensive. Guaranteed rates from reputable buyer.

Good deal. That's probably what I'll end up doing. I finally hit $1k worth of 40%'ers, so I think I'm going to ship them off. I'm just a little weirded out by putting stuff worth that much money in the mail.

 

[cooper36]

Good deal. That's probably what I'll end up doing. I finally hit $1k worth of 40%'ers, so I think I'm going to ship them off. I'm just a little weirded out by putting stuff worth that much money in the mail.

then put double the amount of insurance on it!!!!

 

[Mr. Silver Stash]

Good deal. That's probably what I'll end up doing. I finally hit $1k worth of 40%'ers, so I think I'm going to ship them off. I'm just a little weirded out by putting stuff worth that much money in the mail.

The rate on 40%s isn't as good as on 90%s. I have all good experiences with them though so I recommend them.

 

[fish on!]

The rate on 40%s isn't as good as on 90%s. I have all good experiences with them though so I recommend them.

It's still probably better than I am going to get selling them any other way. I just thought I read somewhere that shipping insurance wouldn't cover coins or bullion or something.

 

[fistfulladirt]

That's probably your best bet, my half-dozen dealings with Provident have been great, as a buyer only.
Craigslist is pathetic; everyone's looking for a give-away, my 40% sat for a month and I ended up selling 25% under melt (needed cash).

 

[CC-Hunter]

Yes, Craigslist brings out a lot of sellers asking the moon and buyers looking for a steal, but I've also seen very fair prices (one guy posts CRH finds at melt) and if you work with the people on there you can get to a good price with the more reasonable people.

 

[Mr. Silver Stash]

Last time I shipped I think priority with insurance was a dollar different that overnight with insurance. Faster=less risk

 

[fish on!]

Last time I shipped I think priority with insurance was a dollar different that overnight with insurance. Faster=less risk

Awesome, thanks for all the info. If you don't mind me asking, how do you package the coins so they don't rattle?
Of course with my luck I just have to hint at selling some of my silver for the spot price to drop like a rock....... Sorry fellas.

 

[Mr. Silver Stash]

I wrapped them in old coinlok bags I had lying around. I wrapped all my rolls, so paper on paper with newspaper or bubblewrap would do the trick.