Has anybody sold any silver?

I sold a small amount of my 90% and a few odds and ends that have never really fit in with my collecting or hoarding. A couple things came into play, silver over $30, not really things I wanted, and end of year before a new game comes at us. (new game is speculation only)

Anybody else sell or take some profit in the last few weeks?

 

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I've been thinking about it, but I don't know if I can part with my junk silver. I want money, but with the money I want to buy more silver, so I think it'd be a lose-lose situations...

 

Yep! Sold some at 21 dollars because it was the highest it's been in a while!

 

Nope. Not here.

 

just sold about 150 ounces that i bought when it was $7 an ounce

 

To be fair I looked at it as a bit of profit taking. 30.66 silver netted 21.31 x face, best I could get locally was 18x

 

I would go to coin shows Peace. I found a local one offering a good price, (major city). I tired a smaller show and those dealers there were sharks. I guess more dealers mean more competition and better deals for sellers. I just sold some 40% junk and a little 90%. I will be going into my safety deposit box shortly and getting all of my junk out just to be able to move when I feel the time is right. It makes me sad to sell, since my "junk" is WL halves and mercury dimes mostly, but its just bullion and I can buy it back later.

 

As much as I'd like to go to a big city coin show, I don't have the time and the closest city is Salt Lake City, 270 miles. All I sold was Washingtons, Franklins and 64 Kennedys. I got lucky with a guy in town that bought all my rosies for his kid as an investment/gift. I'm not sweating the $.80 under spot for 90%, just not worth it.

If interested I sold to Provident and so far the transaction has been smooth. I'll let you know how it all turns out.

 

Today I sold 12 40% halves and 1 1964 half. Total came to $52.25. Paid 50 cents each so not a bad deal

 

I have been buying junk silver, mainly Barber series lately and slq's. The premiums on em are disappearing.

 

Yeah, collecting Barbers doesn't look appealing right now when silver is so high. Especially if the coin is worth a little above melt but not much.

 

Nope. I'm still buying. I remember buying a roll of silver eagles for under $100 and next month it's going to be pushing $700. feh.

rono

 

Not me. I'm in this for the long haul. Was in a shop in Medford, Oregon on Tuesday. Older lady came in and said she had 1,500 1 ounce rounds and bars. Said nobody in her family cares about her so rather than will the silver to them when she passes, she was going to sell now and go out and have some fun. She asked the dealer if he could handle that kind of transaction financially. He didn't pause or even blink an eye.....just said yep. Today I was 200 miles away in a shop in Albany, Oregon. Dealer friend of mine there bought 36 10 ounce bars from a guy that walked in while I was there. Told me later he had bought 1,300 ounces earlier that morning.
With the dealers seemingly eager to buy silver and from all I've been reading lately, there is a message there. I'm going to keep on hangin on.

 

Since I was investing via "paper silver" SLV ETF, I sold all gold and silver investing holding a week or so ago, and went into copper and picked up $2 a share so far, but copper is at 4.40 right now, and may go much higher when the new copper ETFs start competing ( if they already didn't jump). Also have picked up some holding in rare earths, but that is not generally bullion.

In most of the investment books, they say " Don't fall in love with the stock". I made that mistake a few times early in my investing, but soon learned that if you are in love with a stock or a metal, you will sell way too late. Profit is the game winner and move on , rather than look back. IMO.

Jim

 

Seems to me the message is "If I can buy 1500 ounces for $42K and sell it to the refiners immediately for $45K, that works for me!"

Dealers can rely on the buy/sell spread they set. They don't have to care whether it goes up or down next week, or next month, or next year.

 

no way I am selling

not as long as the US and World Gov't are printing as much paper money as they want

 

I did, I sold around 150 oz throughout December. I figured I'd hate to still be riding the wave if it all dove and evened out at $20 or something. Feels good, and I just took the initial investment, set it aside, and banked the profit. And when prices drop a bit more, I'll invest the original amount again.

 

I just bought $17 of it for $10 and I have plans to sell that.

 

Earlier in the month while visiting with my brother in maryville, TN he decided to sell Franklin mint two ounce .925 silver ingots and some .925 one ounce medallions for a total of 256 troy ounces. After making several calls we stopped by a coin dealer in downtown maryville who offered him $5,200.00, then we stopped by one of those "we buy gold/silver" stands in a local all and were offered $2,000.00 then drove to a dealer in Knoxville where we sold it for $5,500.00.
Both of the dealers have been in business >thirty years and both explained the process and expense involved in sending stuff to be melted down. I'd do business with both of them again.
don't have their names handy but will post 'em.

At the november Whitman coin show i sold some morgan dollars for, I if I remember correctly, $23.00 each.

I don't know where people sell stuff and get 90% of spot. None of the offers I received anytime anywhere came close to 90% spot.
However, it appears APMEX will buy my 3.85 ounce balboa coins for around $112.00 but I don't want the hassle of shipping stuff.

So far, i believe the highest percentage buy price I got was at the large Whitman coin show.

Dealers got to make a buck too.

It will interesting to see what kind of sell prices people are getting.

 

I think people are waiting till it top,s out maybe $28-$30, that,s the point that i would sell!!