Anyone riding the Silver/Gold train?

[30BulletHoles]

Buy gold and silver = pay spot plus commision
Sell gold and silver = get less than spot
Only one winning is the dealer

That’s the problem with the “we buy gold and silver” places. Most of them are as bad as a pawn shop with the prices that they’ll pay for it.

 

[ratski]

We are cleaning up MIL home for an estate sale. Taking home over 200 lbs of coins to sort into pre-65 silver. Silver dollars down to nickels.
There was even a 10 lb or so jar of Indian head pennys, mostly in great shape. Lots of proof sets.
Where is a coin collector shop that can give an honest evaluation?
We have been on the internet for hours at a time trying to get a value on some, but lots of the information is outdated.

Be happy to try to help.
If you want, send me some pics and I'll try to give some ideas.
Been collection coins for years. But not a professional.

 

[HarryBear]

The gold/silver ratio is currently 68:1, anyone think it's wise to trade silver for gold?

Is anyone selling?

 

[perfor8]

The gold/silver ratio is currently 68:1, anyone think it's wise to trade silver for gold?

Is anyone selling?

No, and no.

 

[Rez Exelon]

That’s the problem with the “we buy gold and silver” places. Most of them are as bad as a pawn shop with the prices that they’ll pay for it.

I've been able to get a lot of gold under spot through clearance sales. Even accounting for the "we buy gold" places cut, I'd make about 10% selling it at $1750 with the value ratio obviously going up as the price climbs.

 

[HarryBear]

I figure the demand is high and therefore premiums are up and the supply is dwindling.... Buy and hold!

 

[Jack Johnson]

Does anyone have any John Wick silver rounds they would trade?

 

[Jack Johnson]

China wants to unseat the USD as a basis for value, they will use Cryptocurrency to do that it is widely thought.

Back on topic, I've had Silver for a decade, worst investment I have made so far...

I'll buy your silver

 

[OKCShooter]

That’s the problem with the “we buy gold and silver” places. Most of them are as bad as a pawn shop with the prices that they’ll pay for it.

Those mean businesses trying to employ people, keep lights on and trying to actually make a profit for the work!