Should I take this offer?

[GimmeSomeSilver]

Hey everyone. I posted an ad on craigslist stating that I was selling some of my silver and to send me offer on my 90% and 40% kennedy's and someone called me and offered me 25x face on the 90%'s and 10x face of the 40%'s. I see silver taking a slight turn upwards at the moment, so should I sell 32x 64's and 162x 40%'s for $1200 even? Do you think I could get silver at current melt value at a local coin shop, or is there usually a slight premium? Let me know, you guys are always helpful!

Thanks,
Cody.

 

[gordon and tanner]

Cody,

That is $97 face for $1200. The way I look at it, is what will you use the money for? If your going to pay electric bills and water bills or buy a certificate of deposit(CD) I would not sell but if your were going to spend it on a 7 day cruise for two in the Caribbean I would do it. I look at my stash as an emergency fund and at the same time a future trip to New Zealand.

Good Luck on what ever you do

Dad and Tanner

 

[ImpurestStewart]

I'd take the deal on the 90s and I sent you a pm.

 

[GimmeSomeSilver]

I was looking to put the money back into silver. Either 90% junk or maybe a silver bar. I'm just glad to sell my 40%'s.

 

[CardsNCoins]

His offer is pretty high, so it sounds like he wants to chloroform you and sell your organs on the black market.

Current multipliers, even with today's gains are:

40% = 8.82X face
90% = 21.58X face

Stay safe.

 

[GimmeSomeSilver]

His offer is pretty high, so it sounds like he wants to chloroform you and sell your organs on the black market.

Current multipliers, even with today's gains are:

40% = 8.82X face
90% = 21.58X face

Stay safe.

He actually offered me 22x at first but I gave him a lecture on silver prices and how they are going to skyrocket and talked him to 25x. And will do, thanks CNC.

 

[GEOFF]

Hey everyone. I posted an ad on craigslist stating that I was selling some of my silver and to send me offer on my 90% and 40% kennedy's and someone called me and offered me 25x face on the 90%'s and 10x face of the 40%'s. I see silver taking a slight turn upwards at the moment, so should I sell 32x 64's and 162x 40%'s for $1200 even? Do you think I could get silver at current melt value at a local coin shop, or is there usually a slight premium? Let me know, you guys are always helpful!

Thanks,
Cody.

I dont think ANY shop will give you par....

Personally I am not selling since my stash isnt big and I rather keep them for sentimental purpose and of course pride.

I have been thinking of selling the 40%s and 10x face is as good as it gets I think.

 

[Marchas45]

Hold onto your 90%'s if you don't need the cash and sell the 40%'s and the guy is giving you just over spot right now.Good deal.

http://www.coinflation.com/coins/silver_calc.php

 

[Bigheed]

those are good offers but way over spot and what someone could pay for on ebay right now.....so be careful

Meet in a public place like starbucks preferably next to bank

Run his/her money through the bill verifier at the teller window to check for counterfeit (a craigslist must for high dollar)

if its legit I would sell a bunch of 40's and hang on to the 90s only if you need the money desperately or want to treat yourself to something fun.

 

[Twisted One]

I really don't know anything about coins, but I do have a very small cache of silver coins put away, and I noticed a local coin dealer is advertising on Craigslist and he is only offer 12X on the 90%. But he has always been know to buy low and sell high.

I have only been watching the markets since everything went to crap in the economy, and Gold and Silver started going up. So I am wondering for how long the market will stay up, or will it ever come down?

If it is unlikely to come down, I would consider your coins like a savings account, if it is going to continue to go up, it more of an investment with future gains....

But if it has a chance to drop again, it might be like buying stocks in Enron, and you might want to sell while it's high.

From what I understand, and it may not be much... The value on precious metals follows the economy, if the economy goes to crap, the metal values go up, and if the economy recovers, the metal prices go back to "normal".

But I don't think metal prices can crash unless the market becomes flooded, which is highly unlikely in the case of silver and gold.

In other words, I think I would save them for a future vacation like was said above me, Keep collecting, keep putting them away, and then one day go cash them all in and surprise the wife, or girlfriend, or whatever with a great trip somewhere special.

 

[d2arcing]

....sell all u got and rebuy... I am sure u can buy off eBay and make decent profit...

 

[jrf30]

I'd sell EVERY 90% I had for 25X face right now. Why? because I could take that money and buy MORE 90% silver for 21.5X face at reputable sites on the net that i've used before. Shoot, that would mean for every $100 I sell I could buy about $116 to replace it. It's an arbitrage situation, and you need to do as much as you can of it!

You end up with your silver still plus MORE, or you can buy back the same amount and take the profit and use it for something. either way, it's not like you would sell your silver and lose any potential upside, as you could buy it back instantly now, and still own what you had or more. :-)

Go for it! Just be safe, as others have siad. Meet at a bank and deposit the money right there.

 

[Steelers0626]

I would not sell, but that is just me, but if you want to sell this would be a great price to do it at, especially if you want to re buy silver, but make sure you meet in a public place if you are going to use craigslist, especially if you are selling that many, good luck.

 

[n8dagr8345]

I agree with JRF- Its almost too good not to! IF you can sell it higher than you can buy at, you want to sell all you can, and get all your friends silver, and my silver and sell it! If you just then rebuy it, everyone you borrowed from makes some profit!

N8

 

[jonhls]

best of both worlds....sell the 40's and replace with 90's and still have a little profit

 

[silvernd]

JRF has the right idea. If you can sell for more than it takes to replace it you sell, and buy back in at the same time. Just make sure the spread is enough to compensate you for your time and risk. In this case it sounds like it is.