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Foreign proof sets containing silver - what would you do?

tydyetydye Posts: 3,894 ✭✭✭
in Precious Metals
I purchased a large lot of various foreign proof sets containing anywhere from 1 to 3 oz of silver each. Got them back of melt which at the time seemed like a good idea. I dont think I would do this again but they are mine now

Should I

A. Dump them to my local guy - I think I would make make about 1-2% on the deal

B. Give them to my wife to list on ebay. Looks like she may make about 20% but involves lots of work

C. Cut out the silver pieces and dump the remaining coins on ebay in lots. Too bulky to store otherwise.


Some of them are pretty cool and with low mintages of just a few thousand. But they are really too bulky to keep intact if I am keeping them. I do like the Barbados series I have to admit

Comments

  • nibannynibanny Posts: 2,761 ✭
    IMO, it depends on the difference between 1-2% and 20%.
    I would go with eBay, you could be lucky and have something with a higher demand.
    The member formerly known as Ciccio / Posts: 1453 / Joined: Apr 2009
  • RGJohnRGJohn Posts: 402
    I vote for option 'B'.
    Only 5 days remaining 'til Valentine's Day and what is nicer than silver proof sets and a box of chocolates!
    Many, many perfect transactions with other members. Ask please.
  • cohodkcohodk Posts: 19,101 ✭✭✭✭✭
    A lot foreign sets are sterling which will trade at a substantial discount to spot.
    Excuses are tools of the ignorant

    Knowledge is the enemy of fear

  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    Tough call. Correct me if I'm wrong: You originally bought these for their silver content but now you regret having so much bulk (and all of the other negatives to owning questionable world silver)?

    If that's the case, dump them. You might make a little on them and you'll be done with pieces you don't want. That's a win-win.

    If it was me, I'd pull a few complete sets that you like and sell the rest.

    Your wife's effort sound like the best plan IF you're certain she can unload them without taking a loss. Otherwise just dump them to your local guy and don't look back. If you're lucky, you might make a little bit of cash, get rid of pieces you don't want, AND be able to keep a few that you do like for free or close to free. Then it's a win-win-win.
    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
  • tydyetydye Posts: 3,894 ✭✭✭
    Well it was 2 am and the bar was closing so this was what I took home.

    I guess I will have my wife list a few of the better ones and dump the rest and hope for better hunting next time

    There is 500 800 900 and sterling in the batch. But I paid appropriately for it - I know what my dealer's buy prices are on the stuff
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