Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Tried to sell silver to LCS today...bad to worse news
>
Reply to Thread
Message:
<p>[QUOTE="Vess1, post: 5248778, member: 13650"]Yeah you gotta sell to other collectors. The best I've done on silver is using it as currency on coins I wanted at shows occasionally to help offset the cost. Most dealers are fine doing that. But every dealer wants to give you "just back of melt" regardless of what the item is. Which always blows my mind. You go to ebay today you can't get a quality 1 oz bar from a quality company for less than $32 to $34 PLUS shipping and tax. As soon as you get it, you bring to a dealer and they say they can give you $23 for it. </p><p><br /></p><p> Had a dealer tell me a pamp suisse bar in a card which carries the largest premium of any silver is worth melt value. Yeah, ok, no. You can say you want to pay melt for that the same as you would pay melt for a dull toned, beat up 1973 Christmas round and if somebody is foolish enough to sell them their pamp bars at melt then more power to them. I think dealers are looking for people desperate for any cash they're willing to give rather than paying what an average collector believes is fair. In the end the dealer buying it is the one that has to re-sell it and if they think they can't re-sell it for a profit, it isn't worth the transaction to help somebody out.</p><p><br /></p><p> I would like to buy a pamp bar from that dealer for melt... oh wait, wow, they don't have any! Cool.[/QUOTE]</p><p><br /></p>
[QUOTE="Vess1, post: 5248778, member: 13650"]Yeah you gotta sell to other collectors. The best I've done on silver is using it as currency on coins I wanted at shows occasionally to help offset the cost. Most dealers are fine doing that. But every dealer wants to give you "just back of melt" regardless of what the item is. Which always blows my mind. You go to ebay today you can't get a quality 1 oz bar from a quality company for less than $32 to $34 PLUS shipping and tax. As soon as you get it, you bring to a dealer and they say they can give you $23 for it. Had a dealer tell me a pamp suisse bar in a card which carries the largest premium of any silver is worth melt value. Yeah, ok, no. You can say you want to pay melt for that the same as you would pay melt for a dull toned, beat up 1973 Christmas round and if somebody is foolish enough to sell them their pamp bars at melt then more power to them. I think dealers are looking for people desperate for any cash they're willing to give rather than paying what an average collector believes is fair. In the end the dealer buying it is the one that has to re-sell it and if they think they can't re-sell it for a profit, it isn't worth the transaction to help somebody out. I would like to buy a pamp bar from that dealer for melt... oh wait, wow, they don't have any! Cool.[/QUOTE]
Your name or email address:
Do you already have an account?
No, create an account now.
Yes, my password is:
Forgot your password?
Stay logged in
Coin Talk
Home
Forums
>
Coin Forums
>
Coin Chat
>
Tried to sell silver to LCS today...bad to worse news
>
Home
Home
Quick Links
Search Forums
Recent Activity
Recent Posts
Forums
Forums
Quick Links
Search Forums
Recent Posts
Competitions
Competitions
Quick Links
Competition Index
Rules, Terms & Conditions
Gallery
Gallery
Quick Links
Search Media
New Media
Showcase
Showcase
Quick Links
Search Items
Most Active Members
New Items
Directory
Directory
Quick Links
Directory Home
New Listings
Members
Members
Quick Links
Notable Members
Current Visitors
Recent Activity
New Profile Posts
Sponsors
Menu
Search
Search titles only
Posted by Member:
Separate names with a comma.
Newer Than:
Search this thread only
Search this forum only
Display results as threads
Useful Searches
Recent Posts
More...