Ready to sell some silver, what's fair?

[John Madill]

Just have a handful of coins, trying to raise enough $$$ for a beach pass.

12 dimes, two quarters and three halves.
Looking online it seems they have a melt value of $83.67.

What would I expect a dealer to pay?

 

[Digging Prayers]

I don't believe your going to get full melt value from a dealer.

What I did was post my silver on Craigslist or FaceBMP. I sold my coins for a little under melt and the guy who bought mine took my number and wants anything I find. I sold a couple silver rings and jewelry for $1 to $5 each, which was over melt value. By the time it was all said and done, I came out ahead of anything I would have gotten from a dealer and no paper work.

Just post, sit back and wait. Don't expect it to move fast.

 

[vegasplayer]

coin apps silver 12x 10 dimes 31.11
2 x 25 12.96
3 x50 38.89 === 82.96 that if all your halfs are 64 yr on down i just sold a bunch for what you have i got $62.00
remember what something is worth and what you get paid for is not the same. i will sell you .999 gold 1 oz bar for 3,200.00
what is gold at 3350.00 ? there has to have meat on the bone for a buyer to buy.. i have my rolex on fee-bay worth $10,000
for sale at $7,600.00 and no buyers

 

[rcornell]

Just have a handful of coins, trying to raise enough $$$ for a beach pass.

12 dimes, two quarters and three halves.
Looking online it seems they have a melt value of $83.67.

What would I expect a dealer to pay?

Try for $75.00 and take $70.00 if you need to sell now.

 

[John Madill]

coin apps silver 12x 10 dimes 31.11
2 x 25 12.96
3 x50 38.89 === 82.96 that if all your halfs are 64 yr on down i just sold a bunch for what you have i got $62.00
remember what something is worth and what you get paid for is not the same. i will sell you .999 gold 1 oz bar for 3,200.00
what is gold at 3350.00 ? there has to have meat on the bone for a buyer to buy.. i have my rolex on fee-bay worth $10,000
for sale at $7,600.00 and no buyers

Not expecting full value, I know some needs to make a profit. Just did not know what the norm is.

 

[Digging Prayers]

Get as close as you can.

 

[Linesider]

Just have a handful of coins, trying to raise enough $$$ for a beach pass.

12 dimes, two quarters and three halves.
Looking online it seems they have a melt value of $83.67.

What would I expect a dealer to pay?

I’ll pay melt.. shipping on you…lmk. Maybe 7-12$ to ship to Miami

 

[John Madill]

I’ll pay melt.. shipping on you…lmk. Maybe 7-12$ to ship to Miami

Appreciate the offer. Sold them and used the $$$ for carbon fiber rods for my machine. Will take a long time to find that much again.

 

[hoser]

Good for you my friend. Sounds like you made a very good deal.

 

[amc rulz]

With so many private buyers out there already paying dealer premiums, I would at least expect spot price in a private sale.

 

[woodbutcher]

I was once told (something is only worth what someone is willing to pay) .... I was told that a long time ago and it still comes to mind when I sell anything.. I've sold some finds in the past, silvers and gold ,and I still regret it. I got tired of seeing my finds year after year just chucked in a old drawer and meaningless I thought,until I sold them..Now I wish I had them all back

 

[diggin4clad]

Just have a handful of coins, trying to raise enough $$$ for a beach pass.

12 dimes, two quarters and three halves.
Looking online it seems they have a melt value of $83.67.

What would I expect a dealer to pay?

When I sell mine at a coin show I get 98% of melt. Dealers in a coin shop will most likely pay you less. As of today, your group of silver coins is melting at just over $100.00

 

[jimther]

Our club (MTHA) pays members full melt value, which our treasurer bases on the COINFLATION App on the date of the sale, which is tied into current melt value for GOLD and SILVER

 

[TorqueMaster]

Jimther,
Can I join and get that top dollar for my 90%ers?

Seriously though, I'm trying to figure out the best selling strategy for 90% coins.
Not really keen on random strangers via CL or FBM. Like to choose *when* to sell -- or at least set a threshold.
It's clearly not as simple as selling stock -- set a number -- if it hits boom -- gone immediately.

A few years ago I tried to sell 40% halves, no local shops would touch them, ended up driving 2 hours to a larger shop that gave me a decent enough price.
Now for 90%ers the local shop was a joke (CYA) offer, and that same larger shop is paying 80% of melt for 90%ers. Online bullion buyers are slightly better, enough to offset registered shipping costs.
A refinery I looked at pays 90% spot, but it is spot on the day received, which is obviously very uncertain. And apparently there are fine print "refinery losses" so it might be 85% of uncertain spot...and shipping costs.

So I ask myself, should I have sold the 90%ers when prices were more stable, eat the small loss, and bought something else (0.999?) and eat that small loss, so when prices do swing up, it is easier to sell (at a smaller loss), and not be such a large total % loss? Looks like the "big store" is paying as low as 92% for most generic 999 so all the hassle is worth maybe a few percent...but maybe not really worth the hassle at my scale.

Rent a table at a show (how much $$?) 98% would be great -- if silver is high enough *that day* Can one walk around a show, and sell without a table, or is that considered rude?

Or maybe post the in the FMDF classifieds, at my threshold, hope spot climbs...first come first grab?

 

[Uptown603]

Jimther,
Can I join and get that top dollar for my 90%ers?

Seriously though, I'm trying to figure out the best selling strategy for 90% coins.
Not really keen on random strangers via CL or FBM. Like to choose *when* to sell -- or at least set a threshold.
It's clearly not as simple as selling stock -- set a number -- if it hits boom -- gone immediately.

A few years ago I tried to sell 40% halves, no local shops would touch them, ended up driving 2 hours to a larger shop that gave me a decent enough price.
Now for 90%ers the local shop was a joke (CYA) offer, and that same larger shop is paying 80% of melt for 90%ers. Online bullion buyers are slightly better, enough to offset registered shipping costs.
A refinery I looked at pays 90% spot, but it is spot on the day received, which is obviously very uncertain. And apparently there are fine print "refinery losses" so it might be 85% of uncertain spot...and shipping costs.

So I ask myself, should I have sold the 90%ers when prices were more stable, eat the small loss, and bought something else (0.999?) and eat that small loss, so when prices do swing up, it is easier to sell (at a smaller loss), and not be such a large total % loss? Looks like the "big store" is paying as low as 92% for most generic 999 so all the hassle is worth maybe a few percent...but maybe not really worth the hassle at my scale.

Rent a table at a show (how much $$?) 98% would be great -- if silver is high enough *that day* Can one walk around a show, and sell without a table, or is that considered rude?

Or maybe post the in the FMDF classifieds, at my threshold, hope spot climbs...first come first grab?

I danced around this very same thing a couple months ago. I was lucky enough in Oct. 2025 that a friend was willing to pay me melt value on my 90% halves , 40% halves , peace and Morgans. From there I bought .999 rounds and bars. The day silver hit 103.00 I was ready to get out. I received 90.00 per ounce that day and had to drive 45 minutes to get it.

While I did make money , it's something I will never get wrapped up again. If you're told something its worth X, then it's worth X. I've never seen a community so willing to spend their money, defend spending it and be so convinced that they're protecting themselves from a fiat currency, yet when you want to sell this sooo precious metal for that garbage fiat currency , no dealer seems to want to part with the paper. Seems odd doesn't it?

 

[Jim in Idaho]

Miles/Franklin is selling 90% silver coins for $1.25 under spot. I assume that's the melt value. Right now the refineries that melt them down, and end up with pure silver bars, are backed-up, so the value has dropped. It'll eventually come back.
Jim

 

[TorqueMaster]

Yeah...I'm getting it through my thick skull that "nobody" with silver in hand gets anywhere close to spot -- not on price spikes anyway. Maybe that's what paper "silver" buys for. It's understandable dealers don't want the risk of buying the highs. Continuing to hodl...for now.

 

[Uptown603]

Yeah...I'm getting it through my thick skull that "nobody" with silver in hand gets anywhere close to spot -- not on price spikes anyway. Maybe that's what paper "silver" buys for. It's understandable dealers don't want the risk of buying the highs. Continuing to hodl...for now.

They like telling you how buying it is "wealth protection" , yet they don't want pay you a fair price for it because they don't believe in the metal either or they'd be lapping it up knowing they could sell It to the next guy.

As for the constitutional , that's another joke. Silver is silver and if there was this shortage they like to yap about, they'd be buying that as well because the refineries would be doing all they could to get caught up and want more of this short precious metal to put into .999 . It's all smoke and mirrors. Sell your silver and get into crypto before the clarity act passes.

 

[Casull]

They like telling you how buying it is "wealth protection" , yet they don't want pay you a fair price for it because they don't believe in the metal either or they'd be lapping it up knowing they could sell It to the next guy.

As for the constitutional , that's another joke. Silver is silver and if there was this shortage they like to yap about, they'd be buying that as well because the refineries would be doing all they could to get caught up and want more of this short precious metal to put into .999 . It's all smoke and mirrors. Sell your silver and get into crypto before the clarity act passes.

Smoke and mirrors? Isn't that the definition of crypto?

 

[Uptown603]

Smoke and mirrors? Isn't that the definition of crypto?

If you think so. I'd look into the clarity act and ask yourself what's coming down the road. I thought the same thing until realizing what it's being used for, what it's going to be used for and why it actually has a physical backing.

At least with their "smoke and mirrors" you don't pay a 10% fee to get in the game where you're already down money, and if it says it's worth X amount on the exchange and you hit SELL that's what you're paid. Not 10.00 back, not 80% of melt , not a nickel under what it says it's actually trading at.