Precious Metals

[brymoore]

These are silver not gold.

Yes. Misread in my part.

 

[beaglegun]

I have a general question. My sister has 40 silver coins. Not the old ones they are the ones that say .999% silver. i believe they are a troy ounce. They are for my nephew that his dad "her Ex" bought when he was a baby. She took them to a dealer in Omaha where they live. At the time she took them in, it was somewhere $70-85/oz i do not know the specifics. The dealer told her they would pay her market price minus $12-15 per ounce. I do not know anything about selling this type of stuff but i told her that totally sounds like they are trying to screw her over. I do not think there is that much margin when buying and selling gold and silver is there? I told her i would buy them at that price before she sells to that person. And it is not a pawn shop was a local company that buys and sells.

Exchanges usually buy at $2-$3 below spot price for .999 1 oz secondary rounds. Sometimes they dont buy at all. You gotta call first. You can always buy from somebody at spot price. Pawn shops, jewelers, doesn't matter, buy from whoever is selling at lowest and sell to whoever offers the most. Local, independent jewelers is where I would look.

 

[beaglegun]

What would be a good price on these for anyone more knowledgeable than I?

That is called a 1 oz secondary round. You will get spot price minus $2-$3 usually

 

[Jamen]

That is called a 1 oz secondary round. You will get spot price minus $2-$3 usually

View attachment 399798

that is what i told my sister in that range. When it was in the 70-80 range a dealer offered her 12-15$ under spot price. I said that was robbery

 

[fowladdict]

I found my 40 year old baseball card collection too

Come across any Jordan stuff? Depending on what you have, some of it may have outperformed your silver investment.

 

[brymoore]

Come across any Jordan stuff? Depending on what you have, some of it may have outperformed your silver investment.

No Jordan stuff. My cards will be late ‘70s to mid ‘80s. I collected cards when you could buy a pack with bubblegum for 25 cents. A have a bag of football cards too. I’ll look at them the next cold weekend. I doubt I have any winners. I think the cards have been skimmed a few times by other people.