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Best way to sell silver--eBay, refinery, or locally?
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<p>[QUOTE="RaceBannon, post: 1231697, member: 25357"]ebay is a good venue for selling silver. I sold a bit of silver bullion earlier this year when silver was spiking. My experience is that I got very close to melt on average. Some coins sold for above, some sold for slightly below. Subtract around 12% for ebay and paypal fees.</p><p><br /></p><p>I was still averaging over 95% of melt while I was selling mainly silver rounds. I also sold some circulated Peace and Morgan dollars as well, these would go for about 10% over melt, so I was getting real close to spot on them, even after subtracting the fees.</p><p>I think you'd be hard pressed to go to a dealer and get get him to pay you that. </p><p><br /></p><p>A couple of pointers; sell when the price of silver is appreciating (like right now before they reach a deal on the debt ceiling, or even better a week from now if they don't), list all your auctions as no reserve pure auctions, make them seven day auctions(generates more views, and more interest, thus more bidders), end the auctions on Sunday evenings(maximizes exposure).</p><p><br /></p><p>Good Luck![/QUOTE]</p><p><br /></p>
[QUOTE="RaceBannon, post: 1231697, member: 25357"]ebay is a good venue for selling silver. I sold a bit of silver bullion earlier this year when silver was spiking. My experience is that I got very close to melt on average. Some coins sold for above, some sold for slightly below. Subtract around 12% for ebay and paypal fees. I was still averaging over 95% of melt while I was selling mainly silver rounds. I also sold some circulated Peace and Morgan dollars as well, these would go for about 10% over melt, so I was getting real close to spot on them, even after subtracting the fees. I think you'd be hard pressed to go to a dealer and get get him to pay you that. A couple of pointers; sell when the price of silver is appreciating (like right now before they reach a deal on the debt ceiling, or even better a week from now if they don't), list all your auctions as no reserve pure auctions, make them seven day auctions(generates more views, and more interest, thus more bidders), end the auctions on Sunday evenings(maximizes exposure). Good Luck![/QUOTE]
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