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Title: How to buy small batches of junk US silver below spot
Source: [None]
URL Source: [None]
Published: Aug 13, 2011
Author: me
Post Date: 2011-08-13 10:00:51 by Critter
Ping List: *SHTF - Survival*     Subscribe to *SHTF - Survival*
Keywords: silver, buying, below spot
Views: 353
Comments: 16

My Craigslist ad for buying junk US silver is still working well.

I bought about $30 face value the last couple of days at 25 times face, which was about 3 times face below spot price.

My ad reads:

Buying Junk US 90% Silver Coins - $25

Will pay 25 times face value for 1964 and older 90% silver US coins.

Have $500 cash to spend at the moment. Offer ends when cash runs out.

Call anytime: 555 555 5555

I use www.coinflation.com/coins/silver_coin_calculator.html to determine current value per dollar face value by calculating value of four Washington quarters. Then I subtract three dollars or so and make that my offer price.

When I placed my last ad, coinage was worth $28 or so per dollar face, so I set my price at $25. I now also post how much I am looking to spend at the moment to keep people with much larger quantities from calling. Sometimes people want to sell me $1000 face value, if you can believe it. I just don't have that much cash laying around.

Next time I do it, I am going to try $4 or $5 below actual face value and see if I get any hits. Subscribe to *SHTF - Survival*

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#1. To: Critter (#0)

Great idea - thanks.

(What category do you use?)

Break the Conventions - Keep the Commandments - G.K.Chesterson

Lod  posted on  2011-08-13   10:09:08 ET  Reply   Trace   Private Reply  

I post under "Items Wanted".

I have never had any problem spending all I have available. The only problem I ever had was having to say I have no more cash. :)

SolvoSermo.Com Free speech Video Hosting

Critter  posted on  2011-08-13   10:12:26 ET  Reply   Trace   Private Reply  

~ you're offering them a better deal than local buyers near me, at best you might get 45% from these folks ...

back when I played with silver a lot, the price was set at 5-7% of spot for the exchange, local buyers here scoffed at the idea, said their hands were tied

~ the truth will set ya free, but only after it pisses ya off ~

Amandil  posted on  2011-08-13   10:29:22 ET  Reply   Trace   Private Reply  

Thanks - I'll see what's out here in Austin.

Break the Conventions - Keep the Commandments - G.K.Chesterson

Lod  posted on  2011-08-13   10:34:34 ET  Reply   Trace   Private Reply  

I used to buy rolls of silver on ebay and I thought I was doing well if I could get them at spot, including shipping. I have to buy relatively small lots, since I'm not a rich man by any stretch, and one roll at a time on ebay was about the best I could do.

Then I got the idea to try and buy on craigslist. It has worked well, but I am going going to keep trying to fine tune it to the point where I can pay as little as possible and still get what I want.

Next ad will be $4 or $5 below spot, and I'll keep lowering my offer each time until I get no hits, then go back to last effective level. :)

SolvoSermo.Com Free speech Video Hosting

Critter  posted on  2011-08-13   11:12:54 ET  Reply   Trace   Private Reply  

deleted

The relationship between morality and liberty is a directly proportional one.

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." ~ Ben Franklin

"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth, to know the worst, and to provide for it.” ~ Patrick Henry

Eric Stratton  posted on  2011-08-13   12:47:58 ET  Reply   Trace   Private Reply  

What's spot right now?

Silver Spot (FOREX:XAGUSDO) $39.063 +0.282 (+0.73%)

Esso  posted on  2011-08-13   12:55:58 ET  Reply   Trace   Private Reply  

I've got a whole shitpot of Canadian Silver Maples ($5) I'll sell you for 20 times over face value. : P

Esso  posted on  2011-08-13   13:03:28 ET  Reply   Trace   Private Reply  

Does this help you meet hot chicks, hairy one?

Fred Mertz  posted on  2011-08-13   13:10:16 ET  Reply   Trace   Private Reply  

Have you ever bought a junk coin that had numismatic value?

Fred Mertz  posted on  2011-08-13   13:30:52 ET  Reply   Trace   Private Reply  

deleted

The relationship between morality and liberty is a directly proportional one.

"Only a virtuous people are capable of freedom. As nations become corrupt and vicious, they have more need of masters." ~ Ben Franklin

"For my part, whatever anguish of spirit it may cost, I am willing to know the whole truth, to know the worst, and to provide for it.” ~ Patrick Henry

Eric Stratton  posted on  2011-08-13   13:33:46 ET  Reply   Trace   Private Reply  

Will pay 25 times face value for 1964 and older 90% silver US coins.

Is there any market for 1965 - 1969 US quarters & halves?

Buzzard  posted on  2011-08-13   15:37:28 ET  Reply   Trace   Private Reply  

Does this help you meet hot chicks, hairy one?

Not yet, but selling used tires helps me meet a lot of them. :)

Have you ever bought a junk coin that had numismatic value?

Not yet to that either. I search for some though.

SolvoSermo.Com Free speech Video Hosting

Critter  posted on  2011-08-13   20:13:13 ET  Reply   Trace   Private Reply  

None that I know of. 65 - 70 Kennedy halves are 40% silver and have a market though.

SolvoSermo.Com Free speech Video Hosting

Critter  posted on  2011-08-13   20:17:29 ET  Reply   Trace   Private Reply  

I sold all my maples when silver closed in on $50 a while back. Got a good premium. :)

SolvoSermo.Com Free speech Video Hosting

Critter  posted on  2011-08-13   20:18:32 ET  Reply   Trace   Private Reply  

None that I know of. 65 - 70 Kennedy halves are 40% silver and have a market though.

Several months back, at a a coin show in Round Rock, TX a dealer was paying $1.00 per quarter from 65 to 69 or 70.

I've been pulling them out of circulation ever since.

; )

Buzzard  posted on  2011-08-13   20:56:18 ET  Reply   Trace   Private Reply  

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