Who's paying the most for silver?

holeinone1972

I am getting ready to sell some silver, who is paying the most?

Frankies, Walkers, washingtons.
Rob

kimon1230

<< <i>I am getting ready to sell some silver, who is paying the most?

Frankies, Walkers, washingtons.
Rob >>


I too am interested in this
I'm buying a house a getting married and will be liquidating my collection. The largest part of it is in silver.

TwoSides2aCoin

I'm kind of cheap, but I'll give ya 6 times face value.
Oh, and they all have to be XF40 and above
... oh, and no "illegitimate grading" , please.

GFourDriver

Collectors are paying the most of course.

DrPete

At shows I've had good luck with Larry Tekamp.

guitarwes

eBay crazy people are paying the most.

check it out

ttown

Kitco is paying 8.3 times face Kitco. That's cheap since last week a local dealer here was paying 8.5 times face. I'm sure it's went up some since then. I think you might be jumping the gun though since silver has lagged gold it usually makes up ground when gold starts to slow down.

BigBuffaloGuy

It depends on the quantity, but Coins n Things (CNT), AMark, and American Precious Metals are usually the best dealers to sell large quantites of silver to because they generally have a strong buy price, and just as importanly, are very quick to pay. I'm not sure if they buy from the general public though. They may only purchase from dealers. If it were me, and I had less than $3000 face value to sell, I'd call all the dealers in my telephone book and see who is willing to pay the most, especially since the market could change by the time your package arrives to a national dealer and most national dealers are not apt to confirm a buy price with someone they have not do business with in the past. You should be able to get something close to 8.6 or 8.7 x face with silver at 12.97/oz.

boatbldr

I agree with ttown. I think silver is going to jump soon. I've heard more than one "expert" say it's coming. At least they seem to know enough to get published.

BlindedByEgo

These guys pay well.

At $12.94/ oz., they are paying 8.715 X face for small quantities and 8.858 X for bags.

notwilight

You could try the BST board offering to split the spread with somone buying. --Jerry

StampAlarm

<< <i>Kitco is paying 8.3 times face Kitco. That's cheap since last week a local dealer here was paying 8.5 times face. I'm sure it's went up some since then. I think you might be jumping the gun though since silver has lagged gold it usually makes up ground when gold starts to slow down. >>





Something people don't mention: "Purchases are based on actual weight, never on face value" And that just isn't Kitco. And that's them buying, NOT selling. I recently sold $110 face value, 25C. All were rolls from the late 30's well worn. A roll of these stacked up to a roll of 64's made them look anywhere from a 1/2 a qt to 2 qtrs short to the eye. Maybe some coin dealers back down their price paid so that they don't have to mess with weighing. I did see one dealer with both a weigh scale...almost like the ones at a produce counter and a counting machine. The machine was for halves.

Buying bags of 'junk' silver is not a good idea unless you can look inside first. You may be buying a good amount of very worn stuff. Buying worn qtrs by weight and then selling by times face is obviously profitable.

Also, for 100oz bars and up you may have to wait until they are drilled to get paid.



Jerry

Smittys

Apmex has the best price but they deal in 1000.00 face bags
But you can always call them, they do buy smaller amounts

19Lyds

To be quite honest, I usually pay the most for silver since after I buy, the price always drops!









Actually thats not very funny...........

mojoman

list it on ebay for 9x face and it will sell

Deadhorse

I got 8.65 X face yesterday on half a bag at, in my opinion, the best B&M shop in Houston. I did check around and they were paying the most among the B&M shops in town, of course, they usually are anyway.

That was their bag price, but I'm more than a regular around there. 90% has been on the low side as far as buy prices from B&M shops ever since that nasty slide a while back.

Everyone is cautious right now, even moreso with gold bullion.

I was also able to buy a couple of Englehard 100 ouncers at $1300 each doing this swap out, so I felt I did pretty good overall as that was a great price, just a few bucks under spot.

They believed, as do I, that silver is primed and ready for a nice breakout here soon.

The higher silver goes, the greater the buy/sell spread will be on 90% coins. Not so with .999 refined product. That tends to keep the same spread as it hasn't changed since silver was back in the $4 range and the same can't be said for 90% coins. I've watched that spread double and sometimes more with volatility.

If I had the time and such, I'd head off to eBay to sell 90%, but I sure wouldn't accept paypal. After all is said and done, you'll probably end up with less $ and more time and trouble invested. Also, I wouldn't sell large lots on the Bay. People there tend to pay absurd amounts on smaller batches.

One thing I did notice is that they were very low on both gold and silver bullion in stock. I bought the only two 100 oz. bars they had and those had come in just a hour or so before I showed up. People are like lemmings when it comes to gold, as soon as it goes up they come in to buy in droves. I think the silver buyers are a bit more forward thinking, but again that's JMO. Silver has been a bargain for some time now, but there just hasn't been that much .999 available without going to the net and paying a large premium.

KISHU1

Based on Silver at $12.90 I am paying $8.6 X face delivered

Thanks

Frank

StampAlarm

<< <i>Based on Silver at $12.90 I am paying $8.6 X face delivered

Thanks

Frank >>




Do you mind if they are well worn? i.e. appear 1/2 to 2 qtrs short to the eye?



Jerry

KISHU1

If it looks like 1/2 a quarter or less on a roll that is accepable, more than that an adjustment would have to be made, especially on larger amounts

Frank