This forum is for discussing hunting and collecting US and Canadian circulation Silver Bullion Coins, other types of minted bullion, and other types of precious and base metal investments other than Bullion Pennies and Nickels.
Please Note: These articles are to inform your thinking, not lead it. Only you can decide the best place for your money, and any decision you make will put your money at risk. Information or data included here may have already been overtaken by events – and must be verified elsewhere – should you choose to act on it.
by JerrySpringer » Wed May 22, 2013 11:19 pm
I got a feeling that as long as you find a wholesale supply of junk 90% silver, flipping it will be easy on Ebay:
http://www.ebay.com/itm/400382421266How long would it take you to double your money on Ebay if you bought a $1000 face value bag of silver from an online supplier and piece-mealed it out in 60 cent auctions?
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JerrySpringer
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by messymessy » Thu May 23, 2013 5:55 am
I'd considered it, but have been worried about fees & fraud. Plus, there's always the risk that silver will decline before you sell it all.
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messymessy
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by ZenOps » Thu May 23, 2013 9:29 am
Ebay is strange. I've been watching it for years now, and its suprising how quickly some coins which technically have no real numismatic value, are going up in price substantially.
Design value, sentimental value must also be coming into the picture.
IE: If you try to pickup a 1981 British Crown (28.28 grams of cupronickel) They consistently sell between $8 and $15.
Beaver collector
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ZenOps
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by jmaii » Fri May 24, 2013 6:55 am
Found a local jeweler yesterday who sells junk silver
at spot!! I am not trying to flip, just building my own collection -- though there is definitely flip potential. I definitely made a new friend.
"Silver and gold, silver and gold / Everyone wishes for silver and gold.
How do you measure it's worth? / Just by the pleasure it gives here on Earth."
-- Sam the Snowman, Rudolph the Red-Nosed Reindeer
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jmaii
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by Engineer » Fri May 24, 2013 7:00 am
jmaii wrote:Found a local jeweler yesterday who sells junk silver
at spot!! I am not trying to flip, just building my own collection -- though there is definitely flip potential. I definitely made a new friend.
Keep that guy close. If nothing else, you could instantly flip the 90% here or at APMEX for 2.50/oz.
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Engineer
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