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Just for the sake of discussion. Are you selling or buying?

CiccioCiccio Posts: 1,405 ✭
in Precious Metals
I know most of us are into PM for the long run but I wasn't thinking to sell some gold coins, make some profit and maybe buy again when gold falls.
My concern, of course, is "if" it falls again.

What are you doing?


PS: can someone tell me how to ship coins for a value of a $1000?

Comments

  • Coll3ctorColl3ctor Posts: 3,334 ✭✭✭
    "Just for the sake of discussion. Are you selling or buying?"



    Always doing both image
  • gecko109gecko109 Posts: 8,231 ✭
    Shipping something between $1,000 and $5,000 is usually best accomplished through either USPS registered or express. I always use express cuz its a pain to meet the registered mail requirements (brown tape), and my "customer" usually appreciates the swift delivery. For a package shipped overnight with $1,000 insurance, the cost will be about $25 total. The best part about going this route is that you know the very next day that it arrived safely (registered can take up to 10 days!).
  • jmski52jmski52 Posts: 22,826 ✭✭✭✭✭
    These days, I would ship a $1,000 coin by Registered Mail and Insured. Insurance is cheaper when using Registered Mail, and there is absolutely no question that it will arrive securely because there is a formal chain of custody from you to the recipient. It takes longer, but it's certain.

    I am in a "holding pattern with the intention to buy", which means that if I have additional free cash (in sufficient amounts), I will buy. Since I collect Plats, I will be buying at least one of the next 1 oz. Proof issued regardless of my cash position. I intend to buy some of the 5 oz. silver hockey pucks if the premium is not too high.

    In terms of precious metals that I own, I am not selling anything substantial - maybe a stray coin or two but nothing dramatic.

    I have a substantial accumulation of marginal stuff that I intend to start cashing in and/or selling, but that is another story.image
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • CiccioCiccio Posts: 1,405 ✭


    << <i>I know most of us are into PM for the long run but I wasn't thinking to sell some gold coins, make some profit and maybe buy again when gold falls.
    My concern, of course, is "if" it falls again.

    What are you doing?


    PS: can someone tell me how to ship coins for a value of a $1000? >>

    ù

    Did I say I want to sell gold????

    image
  • edmundfitzgeraldedmundfitzgerald Posts: 4,306 ✭✭
    Buying
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I am selling numismatic and buying bullion. Even though bullion is higher my "numismatic" premium is much, much higher.
  • sbeverlysbeverly Posts: 962 ✭✭✭

    Holding on the PM's for the most part. I have recently sold a piece or two.

    The classic commems have now got my attention.
    Positive transactions with Cladiator, Meltdown, ajbauman, LeeG, route66,DennisH,Hmann,FilamCoins,mgoodm3,terburn88,MrOrganic, weg,dcarr,guitarwes,Zubie,Barndog,wondercoin,braddick,etc...
  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭


    << <i>These days, I would ship a $1,000 coin by Registered Mail and Insured. Insurance is cheaper when using Registered Mail,...... >>



    Isn't registered mail automatically insured for the declared value?

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • dontippetdontippet Posts: 2,606 ✭✭✭✭


    << <i>

    << <i>These days, I would ship a $1,000 coin by Registered Mail and Insured. Insurance is cheaper when using Registered Mail,...... >>



    Isn't registered mail automatically insured for the declared value? >>



    Insurance is an additional charge on registered mail, but the charge is less compared to regular mail because registered mail is by far the safest way to send. For $1,000, I'd send it in a small flat rate box ($5) and insure it for $1,000. Probably run about $14 total.
    > [Click on this link to see my ebay listings.](https://www.ebay.com/sch/i.html?_nkw=&amp;_in_kw=1&amp;_ex_kw=&amp;_sacat=0&amp;_udlo=&amp;_udhi=&amp;_ftrt=901&amp;_ftrv=1&amp;_sabdlo=&amp;_sabdhi=&amp;_samilow=&amp;_samihi=&amp;_sadis=15&amp;_stpos=61611&amp;_sargn=-1&saslc=1&amp;_salic=1&amp;_fss=1&amp;_fsradio=&LH_SpecificSeller=1&amp;_saslop=1&amp;_sasl=mygirlsthree3&amp;_sop=12&amp;_dmd=1&amp;_ipg=50&amp;_fosrp=1)
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  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>I know most of us are into PM for the long run but I wasn't thinking to sell some gold coins, make some profit and maybe buy again when gold falls.
    My concern, of course, is "if" it falls again.

    What are you doing?


    PS: can someone tell me how to ship coins for a value of a $1000? >>



    SELLING

    Ship it via: USPS Express Mail (Flat Rate Envelope $17.60)..(Unless there is a plane crash, insurance is a waste of $...Signature of recipient is automatically required...item gets there in 1 or 2 days) Been doing that route for higher priced items for years & knock on wood, never had a problem.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • johnny9434johnny9434 Posts: 28,313 ✭✭✭✭✭
    im ready to sell on the gold. not yet on the silver
  • SilverBaronSilverBaron Posts: 767 ✭
    Buying like I own a printing press.
    Silver Baron
    ********************
    Silver is the mortar that binds the bricks of loyalty.
  • TomohawkTomohawk Posts: 667 ✭✭


    << <i>Buying like I own a printing press. >>



    Bernanke, is that you?
    ASE Addict...but oh so poor!
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    Planning to sell 'paper pm's' in May... and replace with physical pm's late summer...

    ... plans may change, and often do.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭


    << <i> I have a substantial accumulation of marginal stuff that I intend to start cashing in and/or selling, but that is another story.image >>



    That wouldn't include those ol' moldy rolls I've been trying to pry out of you would it ? ! ? ! image

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • KUCHKUCH Posts: 1,186
    Buying next week, selling some at $1675. Prediction $1675 on or near May 10, 2011. Of course all could change in November with elections, on the other hand.... does it really matter who gets elected? No party or person has the tuff love this world needs. image
  • yellowkidyellowkid Posts: 5,486 ✭
    I'm doing neither, but as someone previously posted, I have begin to think about converting some of my PM funds to hard currency.
    I'd send it Express Mail, already insured for $100, the chances of it getting lost are pretty slim. I believe that the less time they have it, the less likely they are to lose it. I send stuff to NGC or our host , or for photos, when there is likely to be four or five coins, Priority Mail insured for $500, unless the value is over $3k or so, then I insure for 1/2 value.
  • SilverBaronSilverBaron Posts: 767 ✭
    Bernanke, is that you?


    image



    SSShhhhhhhhhhhhhhhhhhhhhh......
    Silver Baron
    ********************
    Silver is the mortar that binds the bricks of loyalty.
  • KonaheadKonahead Posts: 1,476 ✭✭✭
    picked some up today at the mid day dip!
    PEACE! This is the first day of the rest of your life.

    Fred, Las Vegas, NV
  • greatnortherncoingreatnortherncoin Posts: 412
    selling gold, buying silver
    dont send sheep to kill a wolf...
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    right now, neither selling nor buying.
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,363 ✭✭✭✭✭
    Buying gold, standing pat with silver. Ready to sell some SLV to take my profit.
    NO END IN SIGHT LIB $2.50'S CAC ONLY
    https://www.pcgs.com/setregistry/gold/liberty-head-2-1-gold-major-sets/liberty-head-2-1-gold-basic-set-circulation-strikes-1840-1907-cac/alltimeset/268163
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>selling gold, buying silver >>



    I trade silver for goldimage
    Avid collector of GSA's.
  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    As $$ comes in and has no place to go, I default to either that I can get at a good price. I'm not especially worried about price. Gold dropping $100 or even $300 wouldn't make my day, but it also wouldn't break it. Same with silver. At $10 an ounce it's still doing its job for me.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    I'm not buying that much, But I'm certainly not selling at these SALE prices either ! ! ! image

    HH
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • secondrepublicsecondrepublic Posts: 2,619 ✭✭✭
    I'm doing something in between Buying and Selling -- "BS-ing" image
    "Men who had never shown any ability to make or increase fortunes for themselves abounded in brilliant plans for creating and increasing wealth for the country at large." Fiat Money Inflation in France, Andrew Dickson White (1912)
  • ARCOARCO Posts: 4,396 ✭✭✭✭✭


    << <i>I know most of us are into PM for the long run but I wasn't thinking to sell some gold coins, make some profit and maybe buy again when gold falls.
    My concern, of course, is "if" it falls again.

    What are you doing?


    PS: can someone tell me how to ship coins for a value of a $1000? >>



    I am paring down some and taking a bit off the table. I am halving my gold bullion holdings and selling off just the quirky, odd lot silver coins I have accumulated over the last years.

    I don't really want to sell my gold, but I have a lot of world gold that my local dealers only buy at a big discount under spot. I want to sell them on Ebay, where many sell at premiums over spot, then use the money to buy more conventional gold bullion.

    Tyler
  • meluaufeetmeluaufeet Posts: 764 ✭✭✭
    Tyler,

    I like your thought process!!!

    image
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