I'm gonna trade in all my 72% silver, try to trade for gold.
FullCameo
Posts: 492
I have about 140 pure .999 ounces of 72% mexican silver. I talked to my local BM today and told him I was going to bring it all by next week to talk about a trade for American Eagle fractionals or some other gold. He told me he would take all of this silver to the smelter and says at the end of the day he'll get back about 90% (given shipping, insurace and smelter pricing). I know he has to make a profit. My question, if I wanted 1/4 or 1/2 eagles, what type of a deal should I expect? I'm trying to decide if I should just sell it all on ebay and convert it, or skip ebay and do it all at his shop. Given eBay/PP fee's I feel like the smart moves would to do it all at the BM if he gives me a fair trade. Thanks for any suggestions.
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Comments
.999,
and
72%
don't seem to go together
<< <i>pure,
.999,
and
72%
don't seem to go together >>
Agree. Is it pure (999 fine) or is it 72%? It can't be both. Do you have a pic? Are these coins or bars or what? We need more details.
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
<< <i>If they are the Libertads you bought from me FC, those are .999 plata pura. Just because they are mexican doesn't mean they are .720. I hope you are pleasantly surprsied if that is what you were thinking.
No!! not Libertads!! Due to my lack in crystall ball fortune telling, I passed that deal up at $38/oz.