Selling silver question

Within the next two or three weeks, I will have some silver coins to
sell, all 90% (dimes, quarters, halves, dollars). Not a great deal,
maybe a few hundred dollars, face.

Question: Would I be smart to hold onto this or move it?

Question: What is the best way to sell this stuff?

Thanks, Bob-tx

Bob wrote:
Within the next two or three weeks, I will have some silver coins to
sell, all 90% (dimes, quarters, halves, dollars). Not a great deal,
maybe a few hundred dollars, face.

Question: Would I be smart to hold onto this or move it?

A: Find someone who knows for certain what the price of silver is going to
do, both in the short run, and in the long run, and follow his advice to the
letter. Such persons are normally found in the Yellow Pages under the
heading Absolute Truth - Retail.

Question: What is the best way to sell this stuff?

A: Myself, I'd call around to some coin dealers and ask how much they're
paying for junk silver and take the coins where I would get the most money,
net, of course, after I factor in my costs of getting there.

James

On Sep 21, 7:50*am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
Bob wrote:
Within the next two or three weeks, I will have some silver coins to
sell, all 90% (dimes, quarters, halves, dollars). *Not a great deal,
maybe a few hundred dollars, face.

Question: Would I be smart to hold onto this or move it?

A: *Find someone who knows for certain what the price of silver is going to
do, both in the short run, and in the long run, and follow his advice to the
letter. *Such persons are normally found in the Yellow Pages under the
heading Absolute Truth - Retail.

Question: What is the best way to sell this stuff?

A: *Myself, I'd call around to some coin dealers and ask how much they're
paying for junk silver and take the coins where I would get the most money,
net, of course, after I factor in my costs of getting there.

James

Selling on eBay would probably net the OP more than one of the local
crooks, er I mean dealers.
Will silver go up? Good question. The gubmint's commitment to bail out
the financial sector for a trillion or more indicates to me they are
getting ready to seriously inflate the currency. That will probably
drive the price of commodities up in relation to the dollar.
Of course, the price of silver could go down too!

Voltronicus wrote:
On Sep 21, 7:50 am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
Bob wrote:
Within the next two or three weeks, I will have some silver coins to
sell, all 90% (dimes, quarters, halves, dollars). Not a great deal,
maybe a few hundred dollars, face.

Question: Would I be smart to hold onto this or move it?

A: Find someone who knows for certain what the price of silver is
going to do, both in the short run, and in the long run, and follow
his advice to the letter. Such persons are normally found in the
Yellow Pages under the heading Absolute Truth - Retail.

Question: What is the best way to sell this stuff?

A: Myself, I'd call around to some coin dealers and ask how much
they're paying for junk silver and take the coins where I would get
the most money, net, of course, after I factor in my costs of
getting there.

James

Selling on eBay would probably net the OP more than one of the local
crooks, er I mean dealers.

Yep, a well-constructed hype ad, with alternate red and blue flashing lines,
cute verses from old Hallmark cards, and the obligatory "abolutely,
positively unsearched ancient hoard of silver coins, found decades ago among
the booty of Claude the Pirate" and "a sample scoop showed S-mint coins and
some Barber pieces" will attract big bucks every time! But don't forget the
$35.00 shipping requirement to sweeten the pot.

Will silver go up? Good question. The gubmint's commitment to bail out
the financial sector for a trillion or more indicates to me they are
getting ready to seriously inflate the currency. That will probably
drive the price of commodities up in relation to the dollar.
Of course, the price of silver could go down too!

Ah, you mean to say that only the Shadow knows?

James

On Sep 21, 8:49*am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
Voltronicus wrote:
On Sep 21, 7:50 am, "Mr. Jaggers" lugburzman[at]yahoo[dot]com wrote:
Bob wrote:
Within the next two or three weeks, I will have some silver coins to
sell, all 90% (dimes, quarters, halves, dollars). Not a great deal,
maybe a few hundred dollars, face.

Question: Would I be smart to hold onto this or move it?

A: Find someone who knows for certain what the price of silver is
going to do, both in the short run, and in the long run, and follow
his advice to the letter. Such persons are normally found in the
Yellow Pages under the heading Absolute Truth - Retail.

Question: What is the best way to sell this stuff?

A: Myself, I'd call around to some coin dealers and ask how much
they're paying for junk silver and take the coins where I would get
the most money, net, of course, after I factor in my costs of
getting there.

James

Selling on eBay would probably net the OP more than one of the local
crooks, er I mean dealers.

Yep, a well-constructed hype ad, with alternate red and blue flashing lines,
cute verses from old Hallmark cards, and the obligatory "abolutely,
positively unsearched ancient hoard of silver coins, found decades ago among
the booty of Claude the Pirate" and "a sample scoop showed S-mint coins and
some Barber pieces" will attract big bucks every time! *But don't forget the
$35.00 shipping requirement to sweeten the pot.

You forgot to mention touting that the coins are "just a whisper away"
from MS63 and a bargain at twice the price.

On Sep 21, 5:21*am, "Bob" wrote:
Within the next two or three weeks, I will have some silver coins to
sell, all 90% (dimes, quarters, halves, dollars). *Not a great deal,
maybe a few hundred dollars, face.

Question: Would I be smart to hold onto this or move it?

Question: What is the best way to sell this stuff?

Thanks, Bob-tx

I don't think you'll have the slightest problem finding buyers for 90%
right now. No problem whatsoever. Get several bids first before
letting them go. Or go to a good regional coin show, of which Texas
has several.

In a year, I'd guess you'll wish you had the coins back.

oly

As a fellow Texican I would suggest holding on to it unless you REALLY need
the money now. Looks like the US dollar is headed in one direction....down.
Did anyone notice the Steve Forbes article in which he called for a partial
linkage between the dollar and gold for the sake of stability. Something
like pegging gold & the dollar to a target like $500.00 per ounce. Somehow I
doubt the government has enough precious metals reserves to make that work.


Joe W.


"Bob" wrote in message
. ..
Within the next two or three weeks, I will have some silver coins to sell,
all 90% (dimes, quarters, halves, dollars). Not a great deal, maybe a few
hundred dollars, face.

Question: Would I be smart to hold onto this or move it?

Question: What is the best way to sell this stuff?

Thanks, Bob-tx

On Sep 21, 1:18*pm, "Joe Winnett" wrote:
As a fellow Texican I would suggest holding on to it unless you REALLY need
the money now. Looks like the US dollar is headed in one direction....down.

Bob wrote:
Within the next two or three weeks, I will have some silver coins to
sell, all 90% (dimes, quarters, halves, dollars). Not a great deal,
maybe a few hundred dollars, face.

Question: Would I be smart to hold onto this or move it?

Question: What is the best way to sell this stuff?

Thanks, Bob-tx

Trading in precious metals is basically educated guesswork; this is not
meant to trivialize or demean the endeavor. Some who carefully study the
market and trends and have experience may be able to do better than the
average person's hunch, but the bottom line is that no one can accurately
predict the future. They look at past and present trends and use their
judgement to predict a local high point, based somewhat on intuition and
other vaguely-defined properties.

If you decide to sell, eBay may net you the highest purchase price/weight,
but you need to factor in the "eBay experience" overhead (fees, shipping,
your personal time, hassle-factor) and balance that against the shortage you
might experience from an easy deal with a dealer or trader. If you decide
the latter, it will benefit you to shop around and even look in the
periodicals (Coin World, Numismatic News, Coins and others) and compare
those findings with local dealers.

This is the long way of saying what the others have said "no one knows", but
maybe this will help you make a better decision that you can live with. In
the long run, you will always sell higher than the absolute low point and
lower than the absolute high point. Best of luck, and be sure to pick out
coins with desirable collector value, as opposed to metal value.

W.

"1787" wrote in message
...
Bob wrote:
Within the next two or three weeks, I will have some silver coins to
sell, all 90% (dimes, quarters, halves, dollars). Not a great deal,
maybe a few hundred dollars, face.

Question: Would I be smart to hold onto this or move it?

Question: What is the best way to sell this stuff?

Thanks, Bob-tx

Trading in precious metals is basically educated guesswork; this is not
meant to trivialize or demean the endeavor. Some who carefully study the
market and trends and have experience may be able to do better than the
average person's hunch, but the bottom line is that no one can accurately
predict the future. They look at past and present trends and use their
judgement to predict a local high point, based somewhat on intuition and
other vaguely-defined properties.

If you decide to sell, eBay may net you the highest purchase price/weight,
but you need to factor in the "eBay experience" overhead (fees, shipping,
your personal time, hassle-factor) and balance that against the shortage
you
might experience from an easy deal with a dealer or trader. If you decide
the latter, it will benefit you to shop around and even look in the
periodicals (Coin World, Numismatic News, Coins and others) and compare
those findings with local dealers.

This is the long way of saying what the others have said "no one knows",
but
maybe this will help you make a better decision that you can live with.
In
the long run, you will always sell higher than the absolute low point and
lower than the absolute high point. Best of luck, and be sure to pick out
coins with desirable collector value, as opposed to metal value.

W.



Selling even a relatively small amount of silver can be a real PIA. A
friend wants to get rid of approx 2000 ounces of mixed silver, 75% ingots
and rounds and 25% pre 64 halves(mostly Walkers).
His biggest problem is he refuses to break it up.
All or nothing.
Well, the buyers either want to cherry pick the coins only or take the pure
silver only. And they want a substantial fee(huh?) to do the deal. Then
there's taxes. Be careful.