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Title: I tried a new way to buy silver today.
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Published: Mar 11, 2011
Author: me
Post Date: 2011-03-11 23:36:49 by Critter
Keywords: silver, below spot
Views: 278
Comments: 12

I decided to try putting ads on craigslist today, offering to buy junk US silver coins. I went with an offer of $23 per dollar of face value. At today's spot, they would be worth about $26. I included the disclaimer that this was today's price and that the offer is subject to change.

I got one bite so far and am picking up $32 face value tomorrow for $736 which is currently worth $831.

It sure as heck beats paying spot plus for silver, no?

I put my ads in "wanted" and "for sale / collectibles". I'm not sure which got the bite.

I plan on doing this for a while and seeing how it goes. I may just buy and then sell on ebay and get a bit over spot for the stuff.

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Begin Trace Mode for Comment # 12.

#9. To: Critter (#0)

I think I may of seen your add on the San Antonio list!!!

Did I?

titorite  posted on  2011-03-13   0:24:44 ET  Reply   Untrace   Trace   Private Reply  

No, Albany, NY.

Critter  posted on  2011-03-13   0:27:00 ET  Reply   Untrace   Trace   Private Reply  

Then your idea has caught on... others are doing it too.

Not me though. I'm still hoarding silver. And checking all coin stars.... I found a silver dime in one the other week. It was awesome.

titorite  posted on  2011-03-13   0:36:17 ET  Reply   Untrace   Trace   Private Reply  

I hoard it too, but I figured maybe I can get my hoard for free by selling enough to recover my cost, and keeping the profit in the form of silver. :)

Let me add that I didn't expect this good a response. I can't really afford to buy and keep all of this. I have to sell some if they keep coming to me at this rate.

Critter  posted on  2011-03-13   21:38:40 ET  Reply   Untrace   Trace   Private Reply  

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