[FREE] Guide: Make More Money on your Silver Bullion!

[johnniewalker]

First of all, to keep w/forum rules, I'm selling one 1/10oz Silver Indian Round for 5BTC.

Anyways, all I want to do here is inform. Its very simple and you could make more money on your [silver] bullion!


There seems to be a new trend-or at least a new trend- "collecting" bullion. Of course, for years people have collected stuff like Kookaburras and Pandas. But I'm talking about strictly bullion, defined by dictionary.com as "gold or silver in the form of bars or ingots" (take that, trolls). I myself would add rounds to the definition, but thats not important. What I mean is, people REALLY seem to like particular old/poured/branded/oddly-weighted silver bullion. This phenomenon exists AT LEAST on eBay. Considering dollar amounts, there really is no denying it.

Anyways, I work at a coin store, know a bunch of local "coin/bullion characters, blah blah blah.
The bottom line: I would venture to say that 90% of all shops are like this, in that silver is silver when it comes to generic pieces (By generic I mean as opposed to national and/or particular mints like Perth that have always produced pieces at a premium.) And, obviously most of these shops buy and sell things like crazy.

SO, constantly go to these shops, [generic] silver bullion of my own in-hand. Again, since they are always buying, you have NO idea what they might have in stock. Out of 10 trips to the coin store there are probably 2 where you can't find unique generic silver you can make money on. Seriously. This rate seems to be decreasing favorably as silver goes up in price. People dust off the old pieces of silver they bought in the '80's or before and cash it in.

BOTTOMLINE: See if you can trade your generic silver into a more valuable form of generic silver. Then sell! Which pieces of bullion are worth the most? Do your own homework (no offense) : http://www.ebay.com/

Recently I traded an ounce for this piece:
And check out what its going for on eBay ; )




Also, I traded 10 generic bars I bought for $1 over spot (when silver was at about $19) and 2 1/10 fractional pieces (it weighs 10.2oz) for this bad boy (it sold in less than 1 day @ $305 Buy It Now...should have priced it higher, damn it!)








Questions, PM me!

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[Bitweasil]

Very interesting.

So basically trade new generic silver rounds for older, rare, less generic silver?

[johnniewalker]

Very interesting.

So basically trade new generic silver rounds for older, rare, less generic silver?

Generally, yes. Just buy silver at the lowest premium you can. Unless you find an exceptional deal online, you will always pay less for silver in-person, at a brick and mortar shop. The shop I work at offers generic bars and rounds for $1.50 over spot. These could be anything-they might say "Merry Christmas 1975". But, as mentioned, silver is silver. Buy 10 of those and the shop owner will gladly trade you whatever 10oz bar someone has recently sold (I see A-Marks all the time, OPMs almost literally always, Johnson Mattheys and different brands all the time). Everything besides Perth Mint stuff, Silver Eagles, Pandas, Philharmonics, etc are considered "generic silver" and thus sell for the same price over spot regardless of if you buy 10 x 1975 X-Mas bars or a 10oz A-Mark bar, which for some reason people on eBay are willing to pay a mint for (pun intended). Truly I don't understand what goes through the mind of your average eBayer-but I try to take advantage of it!

What people seem to be willing to pay the most for on eBay are brands like Engelhard, A-Mark (Engelhard stopped producing in the '80s, A-Mark started up again but it is their old pieces people want), so old pieces, and less-heard of mints (Academy Silver, Scotia, etc.). They also like anything hand-poured. And finally either odd shapes or weights (like the 10.2oz bar I sold)

[johnniewalker]

Funny how trolls never flock to posts like these.