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Best way to liquidate?

vibr0nicvibr0nic Posts: 614 ✭✭✭
in Precious Metals
I wonder what methods you guys have used successfully to liquidate for max cash value.
I like large size currency and silver dollars.

Comments

  • CiccioCiccio Posts: 1,405 ✭
    It depends on what you have to liquidate.
    Regular bullion sell well either on our BST (less hassle) or eBay (few more cents).
    Rare bars/rounds are selling better on eBay.

    JMHO
  • Steve27Steve27 Posts: 13,274 ✭✭✭
    I use a dealer at a local show, the BST, and I've sold other members of my coin club.
    "It's far easier to fight for principles, than to live up to them." Adlai Stevenson
  • derrybderryb Posts: 36,793 ✭✭✭✭✭
    For max cash value I plan on liquidating at a later date.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Most of the options available to me are all in the same ball park. What's more important is getting out much closer to a peak price than to a bottom. Often, that's easier said than done.
    Got some "great" prices for some silver early last fall.....unfortunately I sold some weeks/months before the peak.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • derrybderryb Posts: 36,793 ✭✭✭✭✭


    << <i>Most of the options available to me are all in the same ball park. What's more important is getting out much closer to a peak price than to a bottom. Often, that's easier said than done.
    Got some "great" prices for some silver early last fall.....unfortunately I sold some weeks/months before the peak.

    roadrunner >>


    But then again, next month's bottom may be higher than this month's peak. image

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

  • greatnortherncoingreatnortherncoin Posts: 412
    ask more then one dealer and never bother with them here for a few days hotel lowball clowns
    dont send sheep to kill a wolf...
  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    The BST here is a great way to go. If you list it at a good price (around net ebay price less fees), it usually gets snapped up quickly. Lots of good buyers on here.

    Local shows tend to pay a little less than the BST, but you don't have to pack it up and make a trip to the PO.

    Sell a little along and along or wait until a target price and dump it all, hitch up the wagons, and get outta dodge.

    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • vibr0nicvibr0nic Posts: 614 ✭✭✭
    Thanks for the responses guys. I appreciate the "at peak" or "later date" answers - I'm with you. image

    What I was really getting at though, is assuming I want to liquidate today, what would be the best way to get the most cash out?

    Online PM dealers? Local coin dealers? eBay? BST? I know one size does not fit all, so I am just looking for some personal positive experiences.

    While I have acquired a respectable amount of gold and silver american eagles (strictly through online purchases), I have yet to sell any of my bullion, and feel somewhat unprepared if I ever needed to get some cash back.

    Thanks again for any additional feedback.
    I like large size currency and silver dollars.
  • guitarwesguitarwes Posts: 9,266 ✭✭✭

    well obviously if you need some cash today, like in the next couple hours, a local trusted coin shop would be your best bet. A Pawn shop would not.

    If you can wait a few days to get paid (3-7), the BST here and online coin/bullion dealers would be a good start.

    If you can wait a couple weeks, a big online dealer like Apmex, Silvertowne, Tulving, or Gainsville coin (just to give some examples) would be good, but probably would not net you what you could get elsewhere like the BST or eBay. They will buy in bulk though in one swoop.





    @ Elite CNC Routing & Woodworks on Facebook. Check out my work.
    Too many positive BST transactions with too many members to list.
  • CiccioCiccio Posts: 1,405 ✭
    I have been happy on the BST, especially when I sold stuff like ASE, silver bars or gold coins.

    When I have something rare, I prefer to take a shot on eBay in order to get a bigger audience (I have sold few 1/2 oz silver JM bar for a little less than $100! I doubt anybody here would pay 10x melt for those bars image )

    For a big quantity, I would go to BST since it's easier to deal with a forum member than a "stranger" on eBay.

    I haven't sold anything at the shows or at any B&M yet.
  • OnlyGoldIsMoneyOnlyGoldIsMoney Posts: 3,361 ✭✭✭✭✭
    I like dealing with Apmex. Their prices have been satisfactory to me and I can handle everything in one fairly quick transaction.

    They have a minimum transaction threshold but I found it can be waived if you have something they want.
    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
  • goingbrokegoingbroke Posts: 1,410
    CASH FOR GOLD! (Just kidding, dont do that)
    Many successful BST transactions ajia
    (x2,Meltdown),cajun,Swampboy,SeaEagleCoins,InYHWHWeTrust, bstat1020,Spooly,timrutnat,oilstates200, vpr, guitarwes,
    mariner67, and Mikes coins
  • BearBear Posts: 18,953 ✭✭✭
    I usually pull a 357 magnum on the dealer. Gets me a higher offer every time.image
    There once was a place called
    Camelotimage
  • percybpercyb Posts: 3,324 ✭✭✭✭


    << <i>Most of the options available to me are all in the same ball park. What's more important is getting out much closer to a peak price than to a bottom. Often, that's easier said than done.
    Got some "great" prices for some silver early last fall.....unfortunately I sold some weeks/months before the peak.

    roadrunner >>



    What peak?
    "Poets are the unacknowledged legislators of the world." PBShelley
  • timcointimcoin Posts: 674 ✭
    Local, if you can. Waiting for payment and standing in lines at the post office is a pain in the a$$. I usually browse around the internets, see what buy prices are being advertised, print a copy of one of those advertised prices, take it with me to the local dealer, and ask if they can come close. It has always worked for me.
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