Silver at auction.

Discussion in 'Coin Chat' started by Detecto92, Apr 23, 2012.

  1. Detecto92

    Detecto92 Well-Known Member

    I really think people are crazy for selling Silver Dollars and Bullion at auctions.

    Lately Silver Dollars have been trending $28-$32 at auctions.

    Local auction houses charge 25%.

    After commission, that is $21-$24, Respectively.

    Better off selling it:
    1. To a local buyer....I know of a gold/silver buyer who pays $25 each for silver dollars. (Sells them for $30 and makes $5 a pop).
    2. On eBay, commission would be much lower.
     
    Detecto92, Apr 23, 2012
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  3. rickmp

    rickmp Frequently flatulent.

    Have you shared your epiphany with those sellers?
     
    rickmp, Apr 23, 2012
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  4. BUncirculated

    BUncirculated Well-Known Member

    Melt at current price is $24.59, and I don't know ANY buyer who pays that much for silver dollars.

    The norm is up to $3.50 under spot.
     
    BUncirculated, Apr 23, 2012
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