Debating on selling my stack

Discussion in 'Bullion Investing' started by alucard86, Dec 16, 2019.

  1. alucard86

    alucard86 Active Member

    I have roughly 470 oz of silver to consider.
    • 80 ASE
    • 41 Philharmonics
    • 27 Maples
    • 14 Kangaroos
    • 12 Generic Rounds (1oz)
    • 4 Britannia
    • 1 Libertad
    • 1 Libertad (2oz)
    • 505 90% Dimes
    • 323 90% Halves
    • 713 90% Quarters
    • 10 Peace Dollars
    So far 2 LCS have offered $7,200 est & $7,350 est. It's about 90-92% to total melt. Still seems very low to me. Still waiting on 2 more shops with their estimates but it seems I'll be getting the same. Maybe I just try Craigs or eBay instead of a LCS?
     
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  3. Amos 811

    Amos 811 DisMember

    sleezebay will prob be your best option if you sell them individually.
     
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  4. Michael K

    Michael K Well-Known Member

    If I was selling this via Craig's list I would have to meet them in a police station to do this transaction, and then, you're still not safe afterwards.
     
  5. royster

    royster southroy Supporter

    So true!!:D
     
    Michael K likes this.
  6. Mkman123

    Mkman123 Well-Known Member

    sell it on ebay or on here, no fees and you'll net at least 100% or more of melt
     
  7. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    If you sell it here, read the pinned messages from Peter and Doug. For that amount of money a person sometimes on either end decides to depart and join another website. We do have less problems than the sites you mentioned above. IMO, Jim
     
  8. alucard86

    alucard86 Active Member

    Maybe APMEX? You do have to pay for shipping and I would have to get insurance to cover the value of the package with Register Mail.
     
    -jeffB and Randy Abercrombie like this.
  9. Amos 811

    Amos 811 DisMember

    or gets the boot cause mods not wanting to do their job.
     
  10. bruthajoe

    bruthajoe Injured

    Me too, I wanna sell!!! Banks are buying gold, they gonna die trying to repeat history, stay in the market. Dont let them win. I'm going to a local coin dealer. I cant deal with shipping.
     
    Tusky Ranger, Amos 811 and GSDykes like this.
  11. ewomack

    ewomack Senior Member Supporter

    A 90% return is pretty good considering other things people buy. How much could you get for selling a tv? Or common books? Or common CDs or LPs? Collectors plates? Precious Moments? Beany Babies? Or most furniture? Getting 90% back is pretty extraordinary for a large swath of collectibles. Coins and commodity metals are rarely a 100%+ game.
     
    LA_Geezer, Mr. Flute and bruthajoe like this.
  12. Stevearino

    Stevearino Supporter! Supporter

    $15.80 or so per ounce seems low. I'd follow the suggestions above, e.g., selling on CT, perhaps in smaller bundles.

    Steve
     
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  13. desertgem

    desertgem MODERATOR Senior Errer Collecktor Moderator

    Well if you owned the website you could do it, but since you don't, all you can do is write Doug or Peter and tell them to make us do it. When they do, I assure you it will be done. Jim
     
  14. TheFinn

    TheFinn Well-Known Member

    You could take a table at a local coin show.
     
    Don P likes this.
  15. -jeffB

    -jeffB Greshams LEO Supporter

    I frequently sell 90% to dealers at local coin shows, where there's enough competition to keep the offers up (except when nobody really wants to buy, which has happened a couple of times this year). I get less than the going rate on eBay, but more than I'd clear after fees and shipping, never mind the risk of a bogus buyer.

    I could get a little bit more (a couple of percent) by selling to one of the big online PM dealers like APMEX, but then I'd have to meet their minimum. (I don't think you'd have a problem there, last I checked APMEX had a $1000 minimum.)

    I've never gotten a table at a local show. I think around here it's about $100 a table. You might come out ahead doing that, but then you have to mind your table for most of a day.
     
    Mr. Flute likes this.
  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    Why sell? It's expected to rise in value next year.
     
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  17. bruthajoe

    bruthajoe Injured

    I just went through an estate sale and what I learned was, most of it becomes garbage. You literally cannot even give it away.
     
    Hookman, ewomack and -jeffB like this.
  18. RonSanderson

    RonSanderson Supporter! Supporter

    Same experience. We just sold the entire house contents, including around 100 Precious Moments, with original boxes, for $800. Take the deal at the coin shop for its security, convenience, speed, and free yourself from scores of hours of work for essentially pennies an hour to make a tiny bit more. You could use the time to work at a fast food place or bagging groceries and make back the rest.
     
    ja59, Hookman, bruthajoe and 4 others like this.
  19. -jeffB

    -jeffB Greshams LEO Supporter

    Yeah, we just went through the heart-wrenching process of dispersing a lifetime's worth of treasures from my in-laws. There were some pieces with really cool provenance that just couldn't find the right buyer, and that we couldn't make room for here. Some of them may end up in a landfill. (Come to think of it, most everything will, eventually.)
     
    bruthajoe likes this.
  20. Tuco

    Tuco Active Member

    alucard, you have some coins that sell for a pretty nice premium on ebay. Personally, I'd wait and see what happens with silver in 2020, but if you want to move them I'd do it when ebay has a fee promo that limits the final value fee to around $10 and then sell them in around 3-5 different auctions. Good luck.
     
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  21. mpcusa

    mpcusa "Official C.T. TROLL SWEEPER"

    CST or always going to give you the lower end of what your asking, i recommend
    Shopping them outside your local area for a better deal.
     
    slackaction1 likes this.
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