sell silver
 

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 .

Orlando Coin Exchange

Coast to Coast in Oxford.
Worth a call to ask.

Silver City in Ocala.

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.

Does the cost of shipping take a bigger bite than the lost cost of dealing with a local merchant? Some online silver/gold companies do provide free shipping.

I once called Rosland Capital and asked how much money I would lose if I bought and sold gold from them with no change in the market price. They said the buying and selling costs would be 8 percent combined. So, I could buy $1,000 in gold and, after selling it back, I would end up with $950. I don't know if there were shipping costs involved.

Silver City is convenient, but you won't get a very good rate from them.

D&R Coin Shop in Ocala pays the best locally: (352) 817-6564

All American Gold & Silver Buyers in Apopka (near Orlando) pays a very competitive rate: (407) 257-9944

Vermillion Enterprises in Tampa also pays well: (352) 585-9772

Thanks

The cost of shipping combined with insurance does take a big bite. Not so much with gold but definitely with silver.

Don't know....but what's your address?

Contact the company you bought it from if that applies. You should never sell below spot price and should always sell above. When you buy you pay above spot price with the added costs which vary depending on market conditions.

Are we talking 100 oz bar or larger?

I would call either Noble Gold or Beverly Hills Precious Metals and talk to a representative and get professional advice..

If you do not need the money I would hang onto it with the price of gold and silver primed to go up soon.

SILVER & Gold are ready to double ... China has been stockpiling both, getting prepared for this Spike... If you sell now, you will kick yourself in the Kiester...

Coast to Coast Coin and Jewelry in Oxford.

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

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?

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

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...

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.

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.

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.

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.

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

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.

silvver
 

I may be interested== call me at 6164509282