Best place to turn in Bulk Silver?

Comments

• ttown Posts: 4,472 ✭✭✭

  July 28, 2005 3:36AM

  Any coin shop will buy them. Just call and ask how much they are paying per dollar 90% scrap coins. They pay cash more of the time. You may want to enquire about a trade, it could get you a little better deal on gold coins in stock.

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• ziggy29 Posts: 18,668 ✭✭✭

  July 28, 2005 3:42AM

  Most shops will buy junk silver -- ask around for their buying price, which may be 20-30 cents less per dollar (face value) than the actual spot silver price.
  
  There's a decent chance that you'll get a better deal in trade than if requesting a cash payment.

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• Barberman55 Posts: 1,605 ✭

  July 28, 2005 3:43AM

  I'd try selling the bulk silver at a coin show. Usually there's someone at a show, who specializes in bullion and junk silver, who would give you a better price, than just the average coin shop would.

  Dan F.
  
  Connor Numismatics Website

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• SmallSizedGuy Posts: 503 ✭✭✭

  July 28, 2005 3:44AM

  Wait to a major coin show. More dealers to get quotes from. Will get top dollar. There are always dealers buying bulk silver.

  Jim Hodgson
  
  
  
  Collector of US Small Size currency, Atlanta FRNs, and Georgia nationals since 1977. Researcher of small size US type - seeking serial number data for all FRN star notes, Series 1928 to 1934-D. Life member SPMC.
  
  
  
  

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• ttown Posts: 4,472 ✭✭✭

  July 28, 2005 3:47AM

  Actually I just brought some and it was $5.10 per dollar face when silver spot was about $7 so you can expect fifteen or twenty cents less than the dealers selling price. I always ask for their buy and sell prices to see what the margins are. Check your local shops the one I deal with pays top dollar because of the demand and his buy/sell ratio's are very fair because of the volume he sales.

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• max911 Posts: 72

  July 28, 2005 4:27AM

  ebay is also a another good place to sell bulk coins at silver prices. I have been tracking prices there for the last six weeks and the bids have been better than I have seen elsewhere.
  
  

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• UncleJoe Posts: 2,551 ✭✭✭

  July 28, 2005 4:44AM

  4.8 buy, 5.3 sell
  
  Joe.

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• mrearlygold Posts: 17,858 ✭✭✭

  July 28, 2005 4:58AM

  Just go to a local coin show or a local dealer.
  
  Unless you have something Numismatically Cool, I don't think you'll do bad with that.

  Coin's for sale/trade.
  
  
  Tom Pilitowski
  US Rare Coin Investments
  800-624-1870

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• 777 Posts: 1,056

  July 30, 2005 2:21PM

  Best place to turn in Bulk Silver? Local dealers; Its not worth running in an auction

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