How to sell silver coins
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poppoplou
Forum Supporter
If you are looking for the melt value of coins, go to coinflation.com. They list the current melt values of all coins.
ebone581
Elite Member
Use above mentioned site to get the melt value. Then try to find who will give you highest percentage of that rate. (this is the tricky part) Make sure you are not selling any key dates or coins worth more than simple mlet value. Watch the precious metal prices, it may be benificial to hold onto ypur silver, until the price goes up... or it may not...
carlsamson
Junior Member
There are a couple cool apps for Android and Iphones that list current melt prices. I can't sell any of my coins. As soon as I think I am going to sell, I think of how much more it will be worth in a couple years. LOL its a major problem.
HighFlyer
Elite Member
I think the obvious answer is e-bay. I don't know about all the fees as a seller, but as a buyer you generally can't touch even the most worn-out 90% silver coin for anywhere close to spot. It's usually as much premium as you'd pay to buy fine silver 1 oz rounds.
So if I was selling silver coins, I'd probably put them on e-bay!
So if I was selling silver coins, I'd probably put them on e-bay!
rick-n-ns
Senior Member
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- Mar 20, 2010
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Ebay, and PP combined cost seller in the order of 15%, you should easily do as good as that at ANY reputable coin dealer / coin shop, AND save yourself a lot of pain. In fact that's why I could never figure out why people sell common date silver coins on there one at a time, with all the keeping track, going to the post office, waiting for some to pay you, etc. etc.
joee5
Elite Member
start them on here low and who ever wants them will bid to what they feel it's worth. That be one way to do it
wayne1956
Junior Member
Another option is craigslist since it is free. Just need to make sure if you go that route to meet at a public place like your bank or a jewelry shop you might be friendly with.
HighFlyer
Elite Member
Most of what I see on ebay goes way over 15% over spot, even for totally trashed 90% silver with no numismatic value. I doubt you'd get a coin shop to give you that much. Best to shop around though!
RonStar
Junior Member
Anything to the contraption they advertise that turns your microwave into a smelt furnace? Question here is there any advantage to melting and selling yourself?
DirtyRob
Forum Supporter
Well then whoever buys this from you must trust the purity you claim. But down the line it will have to be re-melted at a refinery to find out the real purity for the buyer.
PM me if you links to various contacts I have that make their own silver bars to sell.
tonym
Elite Member
Stacks: Just a quick question. How many silver coins are you expecting/hoping to find. I only ask this question because you are a noobie and was just wondering what your expectation/hopes are? The answer is not important, just curious.
rick-n-ns
Senior Member
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well here is the very first example I looked at sold just now (there are many more)
http://www.ebay.ca/itm/Canadian-Can...an_Coins&hash=item2a30466c84&autorefresh=true
12 quarters, 3 dollars face. spot right now would put them at 43.27.
They sold for 46.oo, - Ebay & PP fees 6.90 = 39.10
Any REPUTABLE dealer would have paid 39.00
so if a half hour of your time for listing, packaging, and going to the post office is worth .10 cents, then yeah EBay is great
BTW you could buy those same coins from the same REPUTABLE dealer for the same 46.00 bucks, no bidding, no waiting.
HullGuitars
Forum Supporter
just sell them to me!
