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<p>[QUOTE="oval_man, post: 1073865, member: 22602"]I was in this exact spot several years ago; i.e., getting back into the hobby and wanting to sell some junk silver and cull my collection of low-end coins from younger days.</p><p><br /></p><p>I found a great dealer in the area who has given me a very fair price for my "better than junk" silver coins as well as a good price for junk (bullion). I meet him at local shows; Brick and Mortar merchants usually offer less, in my experience.</p><p><br /></p><p>To keep things simple I would keep the transactions separate. That way there's no grey area. Sell your silver to someone who gives you a good price. Then you can buy from him or shop around and pay cash. It should all work out the same on paper anyway, to the penny.</p><p><br /></p><p>Here is a good site for silver melt value. Scroll down to their Melt Value Calculator. <a href="http://www.coinflation.com/silver_coin_values.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.coinflation.com/silver_coin_values.html" rel="nofollow">http://www.coinflation.com/silver_coin_values.html</a></p><p><br /></p><p>I wouldn't concern yourself with the dealer's tax reporting; why give yourself the extra headache? Dealers (or anyone) can lie regardless of their actual transactions.[/QUOTE]</p><p><br /></p>
[QUOTE="oval_man, post: 1073865, member: 22602"]I was in this exact spot several years ago; i.e., getting back into the hobby and wanting to sell some junk silver and cull my collection of low-end coins from younger days. I found a great dealer in the area who has given me a very fair price for my "better than junk" silver coins as well as a good price for junk (bullion). I meet him at local shows; Brick and Mortar merchants usually offer less, in my experience. To keep things simple I would keep the transactions separate. That way there's no grey area. Sell your silver to someone who gives you a good price. Then you can buy from him or shop around and pay cash. It should all work out the same on paper anyway, to the penny. Here is a good site for silver melt value. Scroll down to their Melt Value Calculator. [url]http://www.coinflation.com/silver_coin_values.html[/url] I wouldn't concern yourself with the dealer's tax reporting; why give yourself the extra headache? Dealers (or anyone) can lie regardless of their actual transactions.[/QUOTE]
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