Hi members! I need some help on selling .999 Bullion..

I am not putting any of my .999 coins and bars for sale here.
I don't feel secure sending maby $3,000 worth of coins in the mail or by UPS or FedEx.

I don't have alot but around 100+ ounces of Bullion.

Is a coin shop the best place to possibly sell them?
In the City I live now there has to be at least 25 or more pawn shops and it seems the old school coin shops have vanished or moved.

Finding a Coin shop might mean going to another City closer by..

If Silver is $30 a ounce for example, what is the best offer I should get on average?

If this type of post is frowned on I will delete it..

 

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I have heard the buzz that pawn shops are swimming in silver and are not paying very strong for it. Maybe $25 or less?

Plan on shopping around IMO.

 

I sold a bunch of silver bullion on "Uncle Herny's" in Maine. I am careful with craigslist, but advertising locally would be what I would do. Selling straight to someone who wants it will be better if you can cut out the middleman. $3,000 worth of silver is a lot, but not a crazy amount.

 

Uncle Herny's Wow I loved that, would buy it every time a new one would come out. Plus there was a radio program on Sunday, a country station as I remember, with people selling stuff.
That was awhile ago when I lived in New Hampshire.

 

If you sell to an LCS, pawn shop, etc. you can expect them to report your information to the IRS for anything over $600.00. I know what you said about selling here and the mail but shipping USPS Registered Mail is very safe. You should check it out.

 

From what I think I see is that the first $600 insurance at USPS is $11 and then each additional $100 of insurance is $1.70.
I believe its for priority box? Their page confuses me a bit.

I don't want to sound like a paranoid nut but if a package is labeled as decently insured it might just bring the bad element out in a worker.
Yes it can be insured but the long process of filing claims will take a toll.

 

A coin show might do you well. Multiple dealers will be there and they will give you a good price. If you get there early they’ll be looking for inventory to sell that day. You don’t need to sell it all to the first offer, just walk around. Split the sales and they all pay cash
Maybe New Bedford on September 29

 

New Bedford....
Thats way cool and very good to know!
Thanks..

 

I also just noticed this thread was moved here, I was in between posting here or on the General section that I originally posted on..

 

Try listing things here on the marketplace first. You know you have motivated buyers, and if the price is right they'll snap it up.

I will say, having bought a roll of silver quarters from Peter, I'm fully pleased with my transaction and recommend dealing with him.

 

That was nice of you to say..
Thank you!

 

The insurance you quoted is basic. You need to ship any large quantity or expensive via Registered Mail. It’s first class under 13 ounces and priority if over. You get tracking but you can’t see updates. That’s for protection. It’s the safest way to send something through the mail. It’s slower but very safe and the insurance is less after paying registered fee. Every time the package changes hands it’s signed for. No one knows what you’re shipping except you and the person receiving it.

 

edited
Selling to the end user is always beneficial to both parties.

 

I've always heard that dealers are most interested in selling on the first day and buying on the second day.

 

I'm sorry I didn't know, thats on me

 

And me I guess, just trying to be helpful.
I would definitely try the classified section on here.

 

Back in the old days before silver was in worldwide deficit maybe. Some dealers have been seeing shortages of physical. And that pushes up premiums. You can’t always get what you want
https://internationalbanker.com/bro...024-signal-a-new-era-of-higher-silver-prices/

 

No it was really my fault, you were just trying to help. I should just mentioned what I had and not posted pics. I had a gut feeling that I shouldn't off posted the pics.