Best way to lock in selling price & to who?

[heliman4141]

I guess the subject says it all but this is my question:
Lets say I have watched the market & Gold, Palladium, and or Silver dropped to a rediculess level so............... I invest heavily in the low one.
Now I hang onto it & lets say it jumps back up to where its at now or, even better much higher. Now the question is: who do I immediatly sell it to to lock in the spot?
Ebay has rediculess charges, plus you have to pay shipping or add it to the add. Then I realize taxes must be paid on the income generated above my purchase price to the feds.
That part I know is non negoatible obviously, but only place left is a Jewler or a pawn shop unless its shipped out to someone. Since its already refined I wouldn't think a refiner would want it or am I wrong?
Who would you sell to if it was you in this position?
I already own several hundred Walking Libertys and some other PMs so even if I didn't invest I still eventually must sell them for retirement as I have no children, & therefor will not be leaving them to anyone except my wife should I perish, I need info about this so I can instruct her on what to do if im gone, this weighs heavy on my mind as my health is not super & I have a terminal disease and no health Ins. so cannot get aid which now costs $85,000.00 for a cure that has recently just come out that does work 100%. :shock: God bless big pharma right? Only in America would they screw the average Joe this bad. Im considering flying to another Country to seek the meds then come back when cured possibly in the future, that so far is the most affordable solution but at the moment im hanging in there hoping they will come to their senses & drop pricing in the USA.
However back to my query. I am curious as to what you would do if you wanted to sell your pm FAST for your own personal reasons.
Any info or opinions would be so very much greatly app.

Dave

 

[etack]

You will want to send them to a refiner if you want it done quick. If you want to take the time and get the most out of them then a consignment shop might work.

At a refiner you will get 99.3% payout on that. I use Hi tech PMR http://www.hitechpmr.com/Home.aspx

If you are around another refinery they should payout on walking liberties, but that is up to them.

Some key dates might be worth sorting out.

************Sorry for some reason I thought you were talking about gold eagles**********

For silver I would try them too but a few hundred OZ is not a lot you might be able to get rid of some here.

Eric

 

[Claudie]

At today's spot price, one Walking Liberty Half dollar contains $6.88 worth of Silver. That is $688.00 per 100 pieces.
If you are referring to Silver Eagles, the one ounce Silver rounds, that is a whole other story.

http://www.coinflation.com/silver_coin_values.html

 

[heliman4141]

Hi guys,
Yes, I have $1 full ounce " Silver Eagle dollars".
I understand the confusion.

I wish they WERE Gold Eagles, im not that savvy financially, tho I wish.....with several hundred I could semi-retire, My Silver as it stands now is at about $8 grand, if it was Gold then it would be X 50 or more. I wish.........
Your right its not a lot of money, but its safe money from hyper inflation should that happen after the Feds print a few more trillion worthless paper notes.
Its moments when it ballons is when im considering dumping all I have to one soul. Most are new recent dates from 2012 on up.
Ive already sold most of my collectors dates & encapsulated NGC $1 speciality date Eagles and only have a couple 1986 first strike yr. im keeping for a while longer at least till the 2016 anniversary. And a few 1996 Cameos.
I don't usually waste money on coins that aren't 1 ounce of .999 silver, I do collect old coins & know their value which for the most part is low, unless they are mint uncirculated etc..& a key date.
Pennys is what I like to collect.......Flying Eagle pennys, Indian heads, etc....Old civil war barter coins etc...Not high in value but interesting as heck.
Coin collecting tho, is a whole different value game.
Ill check out the link, a refiner or here might just be the way to go down the rd.
Thanks,
This gives me a starting point to look into.
Dave

 

[Claudie]

I have collected coins since I can remember. I had to sell off most everything a few years ago when I was having some financial troubles. I hated to do it but ya gotta eat. I sold it just before Silver & Gold took off. :x I think Gold was around $350.00 an ounce when I sold what I had. I still have a few coins left, most of a Liberty Nickel collection and the better part of a few Lincoln cent collections. I have spent many an hour with my collection, before the internet came out. :|

 

[heliman4141]

I have collected coins since I can remember. I had to sell off most everything a few years ago when I was having some financial troubles. I hated to do it but ya gotta eat. I sold it just before Silver & Gold took off. :x I think Gold was around $350.00 an ounce when I sold what I had. I still have a few coins left, most of a Liberty Nickel collection and the better part of a few Lincoln cent collections. I have spent many an hour with my collection, before the internet came out. :|

Ouch!
Man I have been there too sorry to hear that, coin collecting is just plain fun.
Im into Astronomy also & had to at one time sell off all my high end telescopes & mounts, eyepieces id carefully collected over the yrs. etc...everything and at a loss, like you said, one has to eat & pay bills. Id be very sad if I had to let my vast penny collections go. The internet certainly changed buying/selling everything hasen't it? Was never able to restore to the quality scopes I once had, they just cost too much & well, my eyes aren't up to the viewing task anymore.
I look at the PM charts every morning & evening now for the past few yrs. religiously.............Told wife I simply will not ever sell the PMs I have unless the market goes wild on upside, or one of us is dying. Now if the market freaks out & everyone starts selling & something drops to a rediculess low spot, Ill buy buy buy.........till im broke, only because I know it will recover eventually, catching a hi/low cycle is the hard part, much patience is involved, usually yrs. Ive now been waiting 2 yrs. & to be honest haven't seen much change except in Palladium.
Buy low & sell high certainly tests ones patience.

Dave

 

[4metals]

I tried coin collecting as a kid and had a full Indian Head Cent collection, those blue books that had a space for each coin that were popular years ago. I remember I had the full 50 year collection, they stopped making them in 1909 I believe, after minting them for 50 years. I never really got into the hobby and when I was in college I gave the Indian Head Cent collection to my 8 year old niece, figuring she would save it and someday it would be valuable.

One day the ice cream truck went by and she popped out 50 pennies for a popsicle! I never did find out if those complete collections were worth much. OH well, I'm sure it cooled her off for the moment.

 

[Platdigger]

WOW! That was one expensive popsicle!
Years ago, like in the 70s, I was checking coin values on my Great Grandmothers coin collection and there was this one Indian head penny that had some pretty good value, even back then.
It was an 1860 something.

 

[Claudie]

I guess sometimes it pays to drive an ice cream truck.... :roll:

 

[heliman4141]

I tried coin collecting as a kid and had a full Indian Head Cent collection, those blue books that had a space for each coin that were popular years ago. I remember I had the full 50 year collection, they stopped making them in 1909 I believe, after minting them for 50 years. I never really got into the hobby and when I was in college I gave the Indian Head Cent collection to my 8 year old niece, figuring she would save it and someday it would be valuable.

One day the ice cream truck went by and she popped out 50 pennies for a popsicle! I never did find out if those complete collections were worth much. OH well, I'm sure it cooled her off for the moment.

Great story,
Kids................sigh.........shaking my head as I laugh. :roll:
Ive heard & seen a lot worse done by kids tho, and she obviously didn't realize what she was doing.......... so if that is her worst infraction she is an Angel child. 8)

Dave

 

[rickbb]

I remember when I was 10 or 12, (this would have been in the mid 60's), I was in line at the check out of our little local corner store, the man in front of me paid for his stuff with a $5 gold coin!

The casher looked at it for a few minutes, gave the man his change and them reached in her pocket pulled out a $5 bill, put it in the cash drawer and the coin in her pocket.

The rest of us in line just stood there with our mouths hanging open not really believing what we just saw.

 

[heliman4141]

I remember when I was 10 or 12, (this would have been in the mid 60's), I was in line at the check out of our little local corner store, the man in front of me paid for his stuff with a $5 gold coin!

The casher looked at it for a few minutes, gave the man his change and them reached in her pocket pulled out a $5 bill, put it in the cash drawer and the coin in her pocket.

The rest of us in line just stood there with our mouths hanging open not really believing what we just saw.

Might just see that again IF Silver prices ever drop way way down again. The Canadian troy ounce Mapleleaf has a $5 face value mint, which is the highest value minted Silver coin aroind so who knows ay? As they say in Canada. The eagle tho at $1 buck never gonna happen.

If I had been working that register id have done the same thing .........only diff, faster! Back then no cameras watching like today.

Dave