selling for melt value... guidance please

This is not usually true (at least in my area). All of the dealers around me pay more than 50% of melt. Most of them pay somewhere in the range of 75-90% of melt for "junk" common coins. It just depends on who you go to.

Now, I know a guy who buys scrap silver and gold of all kinds, rings, bracelets, chains, etc. He still pays pretty good according to melt value, but he pays about 5% less or so than you might think he should. He's told me that this is because when he sends it to the smelter, he then gets a report of what's actually in the metal he had melted. He said a lot of times, junk chains, etc. will have maybe only 8k or 9k in them, while they are stamped as 10k. I've heard about this kind of thing on 20/20 or something before as well.

All that being said, I bet if you list your coins here for reasonable prices, someone will probably buy them up.

 

Log in or Sign up to hide this ad.

Why don't you put them up for sale here on the open forum?

 

Thanks for the excellent responses...

I will be offering to folks who have indicated an interest.

 

The thing to do is to put up a post on the Open forum telling what you have (eg 10 rolls of silver Roosevelts, 3 rolls of dateless Mercury's, etc) and set a reasonable sale price.

You'll probably sell just about everything. I know I'm interested to see what you have.

 

Is the open forum a 4 sale forum? or is it an auction forum?

 

The Open forum is a for sale and trade forum, the Auction Listings forum is where you can post a link to your eBay, Teletrade, Coinbug, etc. auctions.

 

Thanks, Andy! I always work out the value for myself, now I don't havta.

I won 12 merc dimes on feeBay for US$ 12.84, and the seller offered me another 20 for a dollar a piece. I said yes.

Did you know that feeBay removed the ability to add or subtract from the auction amount? (Dern it) At least I couldn't find a way. :headbang:

 

Absolutely. I'm just telling what a dealer might pay. It is a business and we actually pay strong.

I've seen "dealers" (hotel buyers) offering a whopping 6.5 when silver is over $19.

Bottom line is do your homework.