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Title: I tried a new way to buy silver today.
Source: [None]
URL Source: [None]
Published: Mar 11, 2011
Author: me
Post Date: 2011-03-11 23:36:49 by Critter
Keywords: silver, below spot
Views: 272
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 # 2.

#2. To: All (#0)

I use Coinflation.com's coin melt value calculator to figure out what to offer.

Critter  posted on  2011-03-11   23:41:22 ET  Reply   Untrace   Trace   Private Reply  


Replies to Comment # 2.

#5. To: Critter, 4 (#2)

Thanks.

Coinflation is way cool.

(If they eff with our internet, maybe that will be the spark that lights the fire here.)

Lod  posted on  2011-03-12 00:04:15 ET  Reply   Untrace   Trace   Private Reply  


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