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Tried to sell silver to LCS today...bad to worse news
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<p>[QUOTE="MIGuy, post: 5254445, member: 116145"]This discussion is fascinating - I've been dabbling in collecting for years - since I was a kid and got a 1982 silver half George Washington commemorative in a red box from an uncle who was a collector. I mostly just buy what interests me or catches my fancy, it's not about profit and I don't worry about reselling, but over the years I have sort of followed a couple of rules - if buying low end stuff - junk silver or (once upon a time) cheap gold - I have price points I follow - I bought a few thousand dollars worth of gold coins - all older stuff that I bought at bargain prices - before the price hit $600 an ounce in 2007(?), it wasn't stuff I was attached to so I sold when it went over $1200. I'd buy again if it went below $1000 in limited quantities if deals presented themselves. My mental price for low end silver is $17 per ounce. However I will pay above that for larger lots of things like quarters that have SLQs or mercury dimes that I can look through for anything of interest to my collections. I've never really shopped in a coin shop in person (just online) or gone to a coin show, but my kids are all grown up now, I think once this virus is over, I may start checking those things out. What kinds of rules / habits do you guys follow for buying / collecting / selling?[/QUOTE]</p><p><br /></p>
[QUOTE="MIGuy, post: 5254445, member: 116145"]This discussion is fascinating - I've been dabbling in collecting for years - since I was a kid and got a 1982 silver half George Washington commemorative in a red box from an uncle who was a collector. I mostly just buy what interests me or catches my fancy, it's not about profit and I don't worry about reselling, but over the years I have sort of followed a couple of rules - if buying low end stuff - junk silver or (once upon a time) cheap gold - I have price points I follow - I bought a few thousand dollars worth of gold coins - all older stuff that I bought at bargain prices - before the price hit $600 an ounce in 2007(?), it wasn't stuff I was attached to so I sold when it went over $1200. I'd buy again if it went below $1000 in limited quantities if deals presented themselves. My mental price for low end silver is $17 per ounce. However I will pay above that for larger lots of things like quarters that have SLQs or mercury dimes that I can look through for anything of interest to my collections. I've never really shopped in a coin shop in person (just online) or gone to a coin show, but my kids are all grown up now, I think once this virus is over, I may start checking those things out. What kinds of rules / habits do you guys follow for buying / collecting / selling?[/QUOTE]
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Tried to sell silver to LCS today...bad to worse news
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