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-   -   sell silver (https://www.talkofthevillages.com/forums/investment-talk-158/sell-silver-354909/)

Angelhug52 12-04-2024 08:15 AM

Bob's Coins, on 441. Terrace Shops. Summerfield.Check out there web site. Always found them fair.

GoldenBoy 12-04-2024 08:19 AM

Precious Metals in your retirement fund.
 
So the commercials about buying precious metals to augment your retirement fund sounds a tad iffy. I oftenten wondered about the process to actually use it. I guess walking off a sliver to buy paper towels isn't as easy as it sounds. An 8% cost to reconvert to cash would seem to take a fair amount of any anticipated "investment". Does Hannity address this part in any of his commercials?

npwalters 12-04-2024 08:38 AM

Quote:

Originally Posted by tjlee500 (Post 2390723)
Don't know....but what's your address?

LOL, you will have to go to a safe deposit box

ThirdOfFive 12-04-2024 08:40 AM

Quote:

Originally Posted by villagetinker (Post 2390521)
You could keep an eye on the spot silver market, and sell it yourself, this eliminates the middleman, I would go a few percent below the spot market.

I confess to almost complete ignorance (other than some coin collecting) on this topic. Have several questions...

What, exactly, defines a "spot" price?

What kind of silver is best to buy: Coins? Bars? in what amount?

Does buying in larger amounts get you a better price per ounce?

Any words of wisdom appreciated...

npwalters 12-04-2024 08:45 AM

Thanks for the information folks. I have some leads to follow up if I choose to. I don't "need" to sell anything but do want to be informed.

Why do some of you think that gold and silver are ready to rise rapidly? Gold has remained relatively stable for several years. Silver has increased enough to be a reasonable investment. Not trying to contradict it but I would like to know the thoughts behind it.

MrLonzo 12-04-2024 10:49 AM

I sold some silver at spot many years ago via an ad through Craigslist. That was when I was young, naively assuming the buyer would show up with cash and not a gun! It worked out fine, but I think it's much riskier in today's environment -- unless the buyer is someone you know.

stevesliders 12-04-2024 12:55 PM

Sell Silver
 
Bobs Gold and coins, there in the plaza behind Mcdonalds across from walmart hwy 441 Summerfield. He pays a little less than spot price just sold them some last month.

villagetinker 12-04-2024 01:17 PM

Quote:

Originally Posted by ThirdOfFive (Post 2390798)
I confess to almost complete ignorance (other than some coin collecting) on this topic. Have several questions...

What, exactly, defines a "spot" price?

What kind of silver is best to buy: Coins? Bars? in what amount?

Does buying in larger amounts get you a better price per ounce?

Any words of wisdom appreciated...

If you search silver price, you will get the "spot price" which changes by the minute.
As far as I am concerned , silver is silver, however, bars are typically 100% pure silver, coins will typically be slightly less. I like coins as some of these are still in circulation which a FREE money.
I have never heard of a discount for buying in bulk, unless you save on shipping.

Alarmed 12-04-2024 01:48 PM

I would find a private buyer. Meet at a bank and get cash for your silver to deposit. Free security and guard there.

star20166@yahoo.com 12-04-2024 07:35 PM

I would suggest calling or messaging MilesFranklin.com I find they will give you the most for your metal and can FedEx to pick it up at your home. I guess you are tired of waiting for 6 figure silver huh.

herremans 12-05-2024 08:35 AM

silvver
 
Quote:

Originally Posted by npwalters (Post 2390380)
Does anyone here have a recommendation for where to sell bulk (bars) silver? It needs to be within driving distance since the cost of shipping takes a big bite .

I may be interested== call me at 6164509282


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