I have a little collection of mixed stuff. All silver, Morgans, Peace, Wash, Rose, Franklin, Mercs and some other things. Ive called around to about 15 different places. The range is 20 times face to 26. The guy thats offering 26 times face is out of state. Would you trust someone out of state coming to pay for coins that isnt affliated with a business????? I did have one store offer 23-24, and he said if I come to his store he will throw something in for the trip lol. Im just a little worried that silver is going to go down and I thought maybe I should get rid of this stuff while Im still in the profit area. What are your thoughts
Yes silver will go down a bit then back up so its a good buying opportunity. I wouldn't recommend selling but if you need the fiat currency you need the fiat currency.
sell high then rebuy low I say.... nothing wrong with using the market to increase your holdings in PM's if you can
My only delimma is do I sell on ebay or go to the coin shop.?? If I can get about 23- 25 times Im ahead about 300 to 425. But if i sell and it shoots up then now Im without any silver and Im forced to either start buying high again and I dont wanna do that.....Damn I hate being stuck in the position of selling silver or using bills from 1950, 1963 It sucks when bills dont always add up, but I guess the good thing about collecting money is you always have money.
yeah that's tough man, just be glad you have a hobby that allows you to always have money. best of luck
If you decide to sell, I would sell locally rather than mail it away or use Ebay. It always helps to be on good terms with a local dealer.
sorry, eBay is a bad idea. You will pay over 10% in sellers fees. 9% just on the winning bid, then PayPal takes a cut. As for value, if all commons, then the dollars are .773% of spot, the 1/2's .362%, 1/4's .181 and dimes .072. Dealers tend to pay slightly under spot for 90% because the refiners charge more to process them than .999 items. (they have to purify the coins). I hope this helps
