Is $31 a coin a good price to sell?

Discussion in 'Silver Coins' started by Tony, Apr 2, 2012.

  1. Tony

    Tony New Member

    Joined:
    Sep 1, 2011
    Messages:
    17
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    I'm looking to sell my PM silver coins to buy my first car ($4000).

    The dealer offered me $1 a gram so $31 a coin

    I'll be looking to sell the following type 1oz coins:

    2011 Koala
    2011 Kookaburra
    2012 Dragons
    2012 Kookaburras

    2012 2oz Rabbits

    10oz PM silver bar

    Which one do you think I should sell? And is $31 a coin a good price, or could I get a better price elsewhere.

    Thanks.
     
    Tony, Apr 2, 2012
    #1
  2. silverfunk

    silverfunk Active Member

    Joined:
    Mar 21, 2010
    Messages:
    1,503
    Likes Received:
    2
    Trophy Points:
    38
    Location:
    Winterfell
    You could get a better price selling them on here.
     
    silverfunk, Apr 2, 2012
    #2
  3. spannermonkey

    spannermonkey Well-Known Member Silver Stacker

    Joined:
    Jun 5, 2010
    Messages:
    15,809
    Likes Received:
    2,602
    Trophy Points:
    113
    Location:
    here there everywhere
    His offering you spot ,I wouldn't sell at that price
    Sell it on here for more ,
     
    spannermonkey, Apr 2, 2012
    #3
  4. hussman

    hussman Member

    Joined:
    Dec 2, 2011
    Messages:
    512
    Likes Received:
    20
    Trophy Points:
    18
    Location:
    Adelaide
    You could get much better prices. Delears are a last resort for me since they offer the lowest price.

    Try to sell here on the forum.
     
    hussman, Apr 2, 2012
    #4
  5. hem9

    hem9 Active Member Silver Stacker

    Joined:
    Oct 15, 2010
    Messages:
    2,729
    Likes Received:
    0
    Trophy Points:
    36
    Location:
    Brisbane
    What everyone just said, though being new you will most probably have to send 1st.
     
    hem9, Apr 2, 2012
    #5
  6. Maggie

    Maggie New Member Silver Stacker

    Joined:
    Feb 9, 2011
    Messages:
    6,314
    Likes Received:
    2
    Trophy Points:
    0
    Location:
    R.I.P
    Don't sell for that price, put up for sale here and people will make you fair offers
     
    Maggie, Apr 2, 2012
    #6
  7. silversange

    silversange Member

    Joined:
    Jun 1, 2011
    Messages:
    52
    Likes Received:
    0
    Trophy Points:
    6
    Location:
    Perth
    Also agree with above:

    Try F2F in your state if you dont want to send first before cash
     
    silversange, Apr 2, 2012
    #7
  8. goldpelican

    goldpelican Administrator Staff Member

    Joined:
    Jun 29, 2009
    Messages:
    17,648
    Likes Received:
    581
    Trophy Points:
    113
    The Koalas should fetch ~$35-$38, the 2011/2012 Kookaburras will $40+, the 2012 Dragons will fetch $50+, the 2oz Rabbits should fetch $80+.
     
    goldpelican, Apr 2, 2012
    #8
  9. Au-mageddon

    Au-mageddon Active Member

    Joined:
    Jan 14, 2012
    Messages:
    1,788
    Likes Received:
    17
    Trophy Points:
    38
    Nicely done people .. good advice from all

    Dealers will only pay spot or perhaps a small premium over

    Will generally get a lot better prices offering them here
     
    Au-mageddon, Apr 2, 2012
    #9
  10. Sultan Pepper

    Sultan Pepper Member

    Joined:
    Feb 16, 2012
    Messages:
    226
    Likes Received:
    4
    Trophy Points:
    18
    Location:
    South Coast NSW
    Tony I thought you had a stack of 150oz+ 6 months ago? Surely you paid more than $31 per ounce for those coins.

    I sense some sort of round about scam.
     
    Sultan Pepper, Apr 2, 2012
    #10
  11. SantozSilver

    SantozSilver New Member

    Joined:
    Mar 17, 2012
    Messages:
    35
    Likes Received:
    0
    Trophy Points:
    0
    I'm willing to pay more $ above that dealer offers for
    2011 Koala
    2011 Kookaburra
    2012 Dragons
    2012 Kookaburras

    :D
     
    SantozSilver, Apr 2, 2012
    #11
  12. Tony

    Tony New Member

    Joined:
    Sep 1, 2011
    Messages:
    17
    Likes Received:
    0
    Trophy Points:
    0
    Location:
    Australia
    Yeah I did :) and still do. Those are the type of coins I have.

    I did pay more for those coins (premium) and I thought I would have to make a loss on them because why would somebody pay more for a coin from me, than what they could buy from the Perth Mint, unless you really want them because the PM doesn't mint them anymore. From the responses I guess I was wrong.

    I've also thought about whether I should even sell them. My plan was to hold onto them until I could make a decent profit from them (when economic disaster happens) but I'm a mad bushwalker and I need a car to explore what lies beyond cities. So I'm giving up money for passion, which I believe is a much worthy trade. There's always an opportunity to make money I guess.

    Anyway, yeah I'll post what I'm selling in the selling section.

    Thanks everyone :)
     
    Tony, Apr 2, 2012
    #12

Share This Page