if a guy had some silver bars or some oz. silver coins who would you sell them to other than individuals to get money for them ..do banks buy that sort of thing or is there a special dealer you have to go to this might be an easy question for all of you..but it is something i would like to know
You can take them to a dealer, but they are only probably going to pay what ever spot value is for silver that day. If the coin has numismatic value then of course there could be bigger price tag. Banks well take them but only for face. Like a 1964 Kennedy half has 90% silver in it, but the bank will give you .50 cents for it cause thats what the coins is worth. ( face value ) Some of the other guys can explain it much better than I can.:hail:
post what ever you want to sell in the open forum, maybe some of the people on cointalk would be interested.
i have nothing to sell but if i wanted to buy a gold bar or some silver bars as an investment and maybe pass them down what good would they be if you couldn't sell them for what they are worth
Gold and silver are a little like real estate. If you want to escape paying a commission on a sale, the only alternative is to sell it yourself and not go through a dealer[agent]. It's still more of a buyer's market than seller's market for gold and silver. Someday this will be reversed and the spread between spot and bid will close and perhaps completely disappear. We aren't there yet.
It depends on who you sell to. If you sell to an individual you may get the full value. If you sell to a dealer you will get less than full value because he has to make a profit when he sells. It is similar to selling a car. Let's say your car has a Blue Book value of $10,000. A dealer may offer you $9,000 and hope he can sell it for $10,500. He has overhead (rent, utilities, employees, taxes, etc.) to pay so he has to sell everything for more than he pays and hope to make a bit of profit for his time and the risk he takes. On the other hand you could try to sell your car yourself but you will have to advertise and spend time showing the car to potential buyers. Advertising costs money and your time is worth something. You have to decide if it is worth it for you to spend your money and your time to get a little more for your car or accept the dealer's offer and be finished with the car.
ok! more like offer you 2K if you're lucky (because they will nitpick over small stuff thats easily fixed but will claim it greatly reduces the value) and try to sell it for at least 2K over the bluebook value hoping some idiot who doesnt know WTF a blue book is will buy it. his biggest overhead is his own wallet and having a contest with the other salesman to see how much they can make off people.
That could explain Ebay . . . the sellers on Ebay are out of work car salespersons? :mouth: Ribbit :smile
