So I am looking to sell my 40% silver kennedy halves. In your guys experience, what is the best way to go about doing that? On ebay they seem to be selling for slightly under spot value, and then fees take away 12%. Do your local coin shops give better prices than you can get after fees on ebay? Also anyone who has sold halves to coin shops, does the condition matter at all when you bring them in? How does that process work, do they weigh them or just look at the dates and give you the money? Last, is there any place to trade them for either 90% kennedys or silver bars, where you don't have to pay the spread between selling and buying and maybe instead pay a smaller fee or percentage in exchange for the option to trade? Thanks for any info/advice.
How many do you have? That makes a difference. If you have a large amount you may get a better deal shipping them to a large bullion dealer.
I'm selling 8 rolls and my coin shop offered me $65 per roll yesterday. I said "No thanks." I'm trying to find a buy without using ebay as well....
You could always post them in the classified section here on CT. But $65-$70 is a pretty fair price. If you were to sell them on Ebay right now for spot and pay the paypal and ebay fees you are looking at about $74 Chances are anyone who buys them expects to sell them, and $10-$15 profit is reasonable. IMO
Which raises the universal coin-dealing question: Who is the buyer going to sell to for that $10-15 profit, and why can't the OP sell to that buyer directly?
I had 85, naturally I unloaded them yesterday (before silver had a huge spike). I sold them to someone locally for 3.70 each, which I think wasn't too bad. I had called several coin dealers and the highest offer was 3.50 for them, and they were 30 min+ away. For anyone that has a 100+ face of 40%, I was looking online and mjpm.com will buy 1$ of 40% silver halves for 8.06, which is obviously 4.03 per piece. Also they will buy 90% silver halves for 20.59, or 10.30 per piece. Those prices are when silver is @ 29.98. -JeffB exactly, this guy who bought them is intending to hold them for awhile and then sell them, but if you look at the prices on ebay and they are at 80 plus 3 or 5 shipping, there has to be someone locally who was going to buy on ebay for 85 total, who would rather get them right now for 80.
I sold some on c-list a few months ago. Left a phone number for the buyer to call (not email) and met in a public place. All was well. At that time, I got about $3.25 each.
Not impossible, but One, many dealers will sell $1000 face bags to places like Apmex or even smelters and generally will receive closer to actual spot price for the bulk. Second is most dealers, especially B&M shops have established customers...Something the OP is in search of.
If you ever get a bag full call the big online bullion dealers directly. They will deal with you. It's a little complicated but not too bad. Even after shipping the bag Registered Mail RRR you'll still probably come out ahead of a local coin shop. To the big dealers your bag is just as much silver as a coin shops. I had my bag (or actually box) all sorted and rolled by date and mintmark.
I sell mine in 5 to 10 roll lots on Craig's List. I have been getting $80-$85 a roll. The coin shops here will give you $70ish. Bob and I are supposed to be meeting a guy tomorrow to sell them to him for $86 a roll. Hopefully, it will work out as I called him tonight but he did not answer. My advice would be to post on Craig's List and be patient. Erin
Very glad I didn't sell to the coin shop. I'm actually insulted at his offer price. I checked another coinshop a little ways from my house and they are offering $77 and some change per roll. Fair price from a coin shop, but the $65 is terrible. As Erin posted, I met the guy today and sold him 10 rolls from me and 8 rolls from Erin for $86 a roll. I'm VERY pleased with this price.....
