Sold Silver

[Rich Hartford]

Sold some silver yesterday to fund "The Plan".

 

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[Yinzi50]

What's the unit price? $2.25 for 40%er? Who did you sell to? On-line or local? If you don't mind to tell.

 

[Rich Hartford]

I sell to the local guys and buy from the big places. With the way that small businesses are closing up left and right it's a good idea to support a local business. The way I look at it, I'm ripping off the banks, and the local coin guys get their cut by ripping me off. The bottom line is I'm making a good profit and that's what counts.
This time around I sold mostly 90's and a few 40's. After some haggling I got 2 bucks apiece for the 40's. I'm happy with that. If I sold to APMEX etc. I would have made an additional 400.00 on what I sold in total of the 90's and 40's.

 

[d2arcing]

and how much for 90%?

 

[Rich Hartford]

11x face

 

[myprecious]

nice.
now onto "The Plan".

 

[jim4silver]

The way I look at it, I'm ripping off the banks, and the local coin guys get their cut by ripping me off. The bottom line is I'm making a good profit and that's what counts.

RH,

Why give them the business if you feel they are ripping you off? My local guys are usually better than Apmex prices on selling coins, and sometimes pay me more than Apmex would when I have sold (I rarely sell anything so far). But if they were ripping me off I would not want to help them out in any way.

$400 bucks is not small potatoes in this day and age.

Jim

 

[Rich Hartford]

RH,

Why give them the business if you feel they are ripping you off? My local guys are usually better than Apmex prices on selling coins, and sometimes pay me more than Apmex would when I have sold (I rarely sell anything so far). But if they were ripping me off I would not want to help them out in any way.

$400 bucks is not small potatoes in this day and age.

Jim,
I don't really think the local guys are ripping me off. However there is no way they can compete with the big guys. So they are going to charge a bit more for coins and pay out a bit less. The loss of the $400.00 was really a drop in the bucket compared with the profit I made. Plus I worry about mailing coin off even if it is insured. Mail and UPS gets stolen all the time. Then what,wait 6 months for the insurance to make the payment. No thanks.

 

[AGCoinHunter]

Rich,
Do you sell your walkers and franklins?

Asked my local coin shop this weekend what they were paying for silver.

90% - 9x face
40% - 1.50 each

Seemed pretty low to me. Not that I dont want to support my local businesses but I am in this to max what I can get. If it takes sending them off thats what I will be doing. But I understand your desire to get the cash here and now to start your "Plan" Good luck with it.

 

[Rich Hartford]

Rich,
Do you sell your walkers and franklins?

Asked my local coin shop this weekend what they were paying for silver.

90% - 9x face
40% - 1.50 each

Seemed pretty low to me. Not that I dont want to support my local businesses but I am in this to max what I can get. If it takes sending them off thats what I will be doing. But I understand your desire to get the cash here and now to start your "Plan" Good luck with it.

AG,
I sold dimes,quarters, 90% and a few 40%. I tried one place and they said 10x face for the 90%. So I stopped at another place layed the silver on the counter and he said 10.5x face. So I picked up the silver and he said 11x face.
Went back today and traded some silver for gold. Got exactly what I wanted too. With the exception of $12.00 face in silver war nickels. He did not meet my price so I kept them for another time, or place.

Rich

 

[cyberdan]

Asked my local coin shop this weekend what they were paying for silver.
90% - 9x face
40% - 1.50 each
Seemed pretty low to me.

I checked with my dealer last wed (@17.23oz) and he quoted
90% - 11x face
40% - 2.00 each

The last time I was quoted 9x was in august @ $13.89oz

 

[JasonB]

90% - 9x face
40% - 1.50 each

AG,

You can do better on eBay, even with their fees.

 

[LemonThrower]

Right now I'll pay 11.5x for 90% and 2.25 for 40%. I'll take all you got.

Also paying 3.5 cents for wheats.

 

[Darth Walker]

I sold today $2 (four halves 40%) for $9.00 or $4.50 per dollar.
AG $1.50 each for the 40% is too low

DW

 

[obediah]

90% - 9x face
40% - 1.50 each

AG,

You can do better on eBay, even with their fees.

Yeup last time sold on Ebay 2 1/2 week ago averaged Net was 1.87 each figure it will be higher now, got 2 lots of 5 rolls up now exp Sat around 1 pm.

 

[Kantuckkeean]

Hey there LemonThrower,

That is a very generous offer. I'll be sending you one wheat cent for the 3 1/2 cents, once you PM me your address. I don't particularly care what the 3 whole cents are, but for my half cent, I sure could use a 1796 for my collection.

Kindest regards,
Kantuck

 

[LemonThrower]

Hey there LemonThrower,

That is a very generous offer. I'll be sending you one wheat cent for the 3 1/2 cents, once you PM me your address. I don't particularly care what the 3 whole cents are, but for my half cent, I sure could use a 1796 for my collection.

Kindest regards,
Kantuck

the half cent is the right half of a lincoln memorial.

 

[Kantuckkeean]

Probably not even a 95%er.

Kindest regards,
Kantuck