Liquidation Bars or coins better?

Discussion in 'Bullion Investing' started by Comixbooks, Jul 27, 2015.

  1. Comixbooks

    Comixbooks Active Member

    I'm wondering what is a better silver to liquidate at a dealer or a show?
    I thought Bars would be easier down the road cause it's just one thing and the dealer can test them pretty fast compared to 200 rounds or coins.
     
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  3. Tinpot

    Tinpot Well-Known Member

    Not likely they'd test every one, just spot test them. I say 1 oz rounds/coins are better overall. With a 100 oz bar it has to be drilled because it could have a thick coat of silver plate.
     
  4. medoraman

    medoraman Supporter! Supporter

    I agree with Tinpot. In my view, recognizable coins are the safest to liquidate. You can go onto Alibaba today and buy gold plated tungsten bars, or silver plated bars of correct SG. Personally I am leery of bars nowadays.

    Now, we don't know. If you went to sell the bars to a smelter it may not be a big deal that they will need to cut them open to make sure they are correct. Most sales, though, do not go to smelters and the buyer may be leery of the bars unless they cut them in half, which pretty much ruins the attractiveness for THEIR customer, (unless its a smelter like we said).
     
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  5. BooksB4Coins

    BooksB4Coins Newbieus Sempiterna

    Generally speaking, junk or known, particularly premium (read: gov) rounds have been, in my experience, the easiest sells. Lesser rounds, including most novelty types, were usually not held in high regard, although there were exceptions. "Bars" less so, although certain exceptions can be made here as well... premium brands (JM, Eng, etc), especially small 1toz and to a lesser extent 5 and 10, always sold very well, while larger bars not so much, but collectible factors may be involved. I would also add that who you sell to can play a big or bigger part than the types themselves in some cases; you may likely get a better, or at least more standardized price from someone you deal with regularly than someone you are an unknown to.
     
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  6. serafino

    serafino Well-Known Member

     
  7. Collecting Nut

    Collecting Nut Borderline Hoarder

    Forget the bars and rounds, I'd go for good old pre 1964 us coins. A $100.00 face value bag always has the same amount of silver in it and it doesn't need to be tested. Beside, it's fun to go through them and see what you have.
     
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  8. medoraman

    medoraman Supporter! Supporter

    I will take any of those pesky 1964 coins off your hands. ;)
     
  9. Brett_in_Sacto

    Brett_in_Sacto Well-Known Member

    Yeah, and I'll help. Heck, they're filled with 10% junk metal - sometimes more! Those things are antiques and belong in a museum!
     
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