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Old 03-04-2016, 12:51 PM   #1
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Selling Coins

I have a (mostly) theoretical question about selling coins and how to determine the price you want to ask/settle for.

Let's say you want to sell some 1 oz silver coins. And let's say that spot is currently $15/oz. Would you ask for the spot price? Spot plus some amount? Or less than spot?

I am not planning on selling anything, just wondering how others would price their sale items.

Thanks.
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Old 03-07-2016, 11:46 AM   #2
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I usually look up the buyback price on apmex.com as a comparison. For example, if I wanted to sell some 2015 1oz silver eagles:
http://www.apmex.com/product/84913/2...rican-eagle-bu

Note: While their current buy price is $17.34, this is for transactions of $10,000 or more.
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Old 03-08-2016, 07:16 AM   #3
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I rarely sell, but when I do, I usually sell to a local coin shop (LCS) and take what they offer (which is generally fair considering the going rate among dealers).
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