If I want to sell some sterling silver?
coolest
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How should I calculate a fair selling price?
I have 4 Franklin mint silver plates (I think 6 oz sterling)
Also if I am selling silver rounds (.999) should i expect to sell at the bid price of silver or some percent below that?
Thank you!
I have 4 Franklin mint silver plates (I think 6 oz sterling)
Also if I am selling silver rounds (.999) should i expect to sell at the bid price of silver or some percent below that?
Thank you!
0
Comments
Hi,
Check out my BST thread. I buy all sterling.
Linky
<< <i>How should I calculate a fair selling price?
I have 4 Franklin mint silver plates (I think 6 oz sterling)
Also if I am selling silver rounds (.999) should i expect to sell at the bid price of silver or some percent below that?
Thank you! >>
Sterling will sell at a discount ( 10%-20%) of spot... 999 silver on the other hand, if selling on ebay, will sell at $3 - $4 above spot. But you need to consider the fees. Otherwise, at spot or slightly below spot.
ships to probably pays him around 92%. Recall that 90% silver coin fetches somewhere in the 70-72% range.
I would imagine that B&M's working on larger margins would pay closer to 80%.
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