Sellers of Silver: What do you prioritize to sell first?
philographer
Posts: 1,316 ✭✭✭✭✭
If you've accumulated a little of this and a little of that, and there's no special attachment to any of it...how do you prioritize what to sell?
- Worst first -- damaged / spotted
- Premium first -- items with highest premiums over spot
- Miscellaneous first -- odds and ends that take up mental energy (e.g. a couple large foreign coins, bric-a-brac)
- Profit first -- you're in the black and have made some money--time to sell
- Time is money -- consider transaction costs and get rid of most of it at once
- Something else?
I'm staring at a mish-mash of all of the above!
I also have a few mistakes--where I'm a bit underwater. Luckily the good buys easily outweigh the bad ones
He who knows he has enough is rich.
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I sell the stuff I like the least first and go from there. Generic, problems and foreign minted first, 90% and Engelhard bars next and then silver eagles.
i would probably offer my 90% halfs 1st....easiest to sell
If you're gonna sell now, sell the underwater first, if you claim the asset income on your taxes. Losses offset gains.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
Luckily once the manipulators are in full pump control the new meat will purchase any and all of the above. Dump the normally non desirable first hold the liquid until just before the bubble pops. Good Luck!!!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
You assume that I have an idea of what I have
Seriously though, probably sell off the generic first working toward the rare,vintage, collector stuff.
Rare, Vintage or collector bars will still require a serious buyer.
Liberty: Parent of Science & Industry
Not your best first.