I figure, with silver moving, it might be time to organize my bulk silver and see what I have. I was just wondering if anyone had a particular dealer or outlet that they use on a regular basis that buys silver coinage. I’m talking about stuff that doesn’t carry a huge premium over melt (non MS type coins, for example).
My local coin shop and my favorite online dealer. There are a number of online dealers that are fair but you need to check the current prices on their sites.
I usually take it to one of the coin shows I take a table at and sell it a little lower than everyone else.
Joe gives the best price if you are in the T.O. area. He's at almost all the shows around here. joeaziz@aol.com
Most buyers that are serious buyers offer around 5% below spot or around $13*FV. But if you go to pawn shops or refiners, you'll probably only realize $10-$11*FV. But personally, I don't like to sell my 90% coins like this. I'd much rather take my time and sell them on FB, OfferUp or craigslist. It takes time, but why give away/sell something for less than its value?
That's important. I've usually sold bulk US 90% and 40% silver at shows (to dealers, not from a table of my own), but even in the frantic days of 2011-2012 foreign silver got significantly lower offers (relative to ASW).
In order to sell foreign silver, first thing to do is establish the amount of silver in each coin and then the buyer will have to be come familiar with the coin and whether or not he's interested in collecting or refining it. Either way, I'm guessing that foreign silver demands a considerable lower price than the more common US 90% IMHO
