Log in or Sign up
Coin Talk
Home
Forums
>
Coin Forums
>
Bullion Investing
>
Where can I sell junk silver?
>
Reply to Thread
Message:
<p>[QUOTE="SilverSurfer, post: 925801, member: 21603"]I don't know how many dealer you have around in your area, but you might try this approach. </p><p><br /></p><p>Bring your junk silver in a bag or box to the dealers shop. Take the lid off the box or dump the bag onto the counter and ask what they are offering for junk silver. They say 11X face. You say, "no, I want 12.5X face," which is 90% of melt value. They say sorry, 11X face. You say, "no, I want 12.5X face," and start to close the lid or scoop up the silver and put it back into the bag and start to walk out.</p><p><br /></p><p>Some dealers will be willing to pay your ask price when the silver is right there in front of them. But, you have to be able to stick to your guns and demand what you want. It is your silver after all, you can ask whatever you want for it. And besides, 90% melt value is still a deal for them.</p><p><br /></p><p>I've been saying this and I'll say it again, "a dealer with no merchandise isn't going to make any money." Consider, after he buys for 12.5X face, he's going to turn around and charge the next guy 15X face. He's still making a profit. But if he doesn't replace his inventory, he makes nothing.</p><p><br /></p><p>P.S. shortly after some dealers read this, there is going to be a fallout of P.O.ed dealers, mad that I told you this.[/QUOTE]</p><p><br /></p>
[QUOTE="SilverSurfer, post: 925801, member: 21603"]I don't know how many dealer you have around in your area, but you might try this approach. Bring your junk silver in a bag or box to the dealers shop. Take the lid off the box or dump the bag onto the counter and ask what they are offering for junk silver. They say 11X face. You say, "no, I want 12.5X face," which is 90% of melt value. They say sorry, 11X face. You say, "no, I want 12.5X face," and start to close the lid or scoop up the silver and put it back into the bag and start to walk out. Some dealers will be willing to pay your ask price when the silver is right there in front of them. But, you have to be able to stick to your guns and demand what you want. It is your silver after all, you can ask whatever you want for it. And besides, 90% melt value is still a deal for them. I've been saying this and I'll say it again, "a dealer with no merchandise isn't going to make any money." Consider, after he buys for 12.5X face, he's going to turn around and charge the next guy 15X face. He's still making a profit. But if he doesn't replace his inventory, he makes nothing. P.S. shortly after some dealers read this, there is going to be a fallout of P.O.ed dealers, mad that I told you this.[/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
>
Bullion Investing
>
Where can I sell junk silver?
>
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...