The hardest piece of bullion to sell back

Discussion in 'Bullion Investing' started by Jason.A, Aug 31, 2018.

  1. Jason.A

    Jason.A Active Member

    In your experience, what piece of precious metal bullion have you had the hardest time selling back to a dealer?

    One example is a Chinese silver panda. While I had an easy time selling it, I lost most of my premium.
     
    medoraman likes this.
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  3. longnine009

    longnine009 Hammer of the gods

    Seems like you have nothing but bad experiences with PM's.

    There's always unicorn music boxes to collect?
     
  4. Clawcoins

    Clawcoins Well-Known Member

    Don't sell back to a Dealer.

    Dealers need to profit on sales *and* purchases (that's how they profit on sales).

    Try selling ASEs. they'll normally offer SPOT for them; even for those Proof ASEs.
     
  5. Jason.A

    Jason.A Active Member

    I don't need advice. I didn't ask for it. I'd wager I am in a better economic position than the majority of this forum, anyway.

    I've asked fellow "stackers" "bullion investors" and "collectors" to share their experiences of selling bullion back to shops and dealers because I am curious. In your experience, what piece of bullion did you find have the hardest time selling back or did you lose money on?
     
  6. longnine009

    longnine009 Hammer of the gods

    Annoying, isn't it?
     
  7. ToughCOINS

    ToughCOINS Dealer Member Moderator

    I think you're asking for a pretty long list, and that you'd be better off asking which bullion related items a dealer would be most eager to buy.

    To that question, I'd answer, "Any on my customer's want lists that are particularly difficult to find."
     
  8. longnine009

    longnine009 Hammer of the gods

    Oh I'm so sorry. I thought this was just another one of your silver hating condescending crap posts. Please forgive me.

    [​IMG]

    Oh hi, excuse me, sorry to bother you again. Just one more question. Why do you have stackers, collectors and bullion investors with quotation marks?
     
    Last edited: Aug 31, 2018
    LakeEffect and *coins like this.
  9. juris klavins

    juris klavins Well-Known Member

    ASEs. Maple Leafs (Leaves? :rolleyes:) and Libertads are easiest (most liquid) - the foreign stuff, i.e. Britannias, Philharmonics, Kangaroos, Elephants, etc. are a bit tougher to unload
     
    Jason.A likes this.
  10. Clawcoins

    Clawcoins Well-Known Member

    don't forget silver rounds and bars. Any third party round/bar that is not known by the Dealer will have a hard time.

    Plus, since the dealer wants to make money expect a below spot price on most stuff. If silver is trending down, expect even lower if at all.

    Someone in another thread wasn't even able to sell their silver to the dealer; no interest.

    To profit on silver stuff that is spot + premium one will have to find someone that want's to pay that premium, which usually isn't a dealer.

    I've sold ASEs, AGE and some commems to dealers … Spot price.
     
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  11. Cheech9712

    Cheech9712 Every thing is a guess

    Slow your roll deep pockets. Melt them down and make an idol of yourself
     
  12. Jason.A

    Jason.A Active Member

    Yes, whenever I have sold Eagles or Maples I have gotten just over spot. I have not sold any significant quantity of any "foreign" bullion besides a loan Panda, Kangaroo, and I think that's it. The Kangaroos were at spot. The Panda was less than a dollar over (but I think I paid close to $3 over at the time of buying).
     
    Last edited: Aug 31, 2018
  13. rte

    rte Well-Known Member

    Whoa J, were going to need financial records to back up that statement.:D
    Seriously though, I've Never sold anything to a dealer.
     
  14. Jason.A

    Jason.A Active Member

    I think this leads a second interesting discussion subject: how many people have ever sold bullion?

    If the answer to that question is: not many, that should make us a little concerned. It seems there might be a lot of new post-recession bullion buyers who bought out of fear in this last decade but don't really know what they are doing. When the time comes to sell, will they know how? Will they be disappointed to learn much of what they bought isn't worth as much as they thought?
     
  15. rte

    rte Well-Known Member

    Probably the later and will take a bath when they sell.
    Will probably have to dump it quick and that always works well for the buyers price point.

    I dont sell much and never to a dealer.
    I've sold a few choice pieces that I bought right to buyers that liked it more then I did .
     
  16. longnine009

    longnine009 Hammer of the gods

    That would make us YOU. Now there's a pleasant thought.
     
    Last edited: Sep 1, 2018
  17. TheFinn

    TheFinn Well-Known Member

    I've sold lots of bullion. I take a table at one of the local coin shows and sell it to the public. That is how you get a good price for it.

    I try to buy it from them too.
     
    Jason.A likes this.
  18. PeacePeople

    PeacePeople Wall St and stocks, where it's at

    Usually oddball stuff like Mex commems...or foreign Ag that is not .999... the weird or less common stuff that you can buy cheap or for spot or spot minus...it's because it's not known and people don't trust what they don't know.
     
  19. Mr Roots

    Mr Roots Underneath The Bridge

    “I'd wager I am in a better economic position than the majority of this forum, anyway.“




    Your post history doesn’t exactly back that claim.
     
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  20. Clawcoins

    Clawcoins Well-Known Member

    Forgot to mention.
    I've sold ALL of my ASE Congratulations Sets last fall to private buyers.

    That was *very* profitable by comparison of all my other ASEs, AGEs, 2000 bimetal Plat/gold coin, etc. I've sold over time.
     
  21. medoraman

    medoraman Supporter! Supporter

    I thought it was a good topic, and cannot understand the hating on the OP to be honest. Why the internet trolling on a valid topic? If people are stacking for some future event, isn't the future liquidation an important consideration? To not do so reminds me of the South Park underwear gnomes business plan, "steal underpants.....?.......Profit".
     
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