Best way to get out of numi coins and into bullion?

Discussion in 'Welcome New Members' started by Bank Manager, May 11, 2011.

  1. Bank Manager

    Bank Manager Member Silver Stacker

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    I am new to the Bullion game, I have been collecting Numismatic silver coins for the past few years and have amassed around 170 oz of proof silver coins.

    Can anyone give me some tips on the best way of converting these numi coins to buillion?

    I also have a power of alloy numi coins, which in hindsight were a complete waste of $$$$

    Cheers
     
  2. goldpelican

    goldpelican Administrator Staff Member

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    Hi Bank Manager,

    What sort of coins do you have - RAM, Perth Mint, foreign etc? There's an active Buy, Swap & Sell forum on here - you could try listing them there - we have a number of collectors on the forum but honestly most people are looking for bullion. What you don't sell here, try putting on eBay.

    Dealers will not offer much at all for most modern numismatics.
     
  3. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    hello bank manager, welcome. if you want to go to all the trouble of posting images of your coins, there are a few here who get their jollies from that sort of thing and you might even get an offer or two.
     
  4. Jislizard

    Jislizard Well-Known Member Silver Stacker

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    You could try some numismatic forums if you haven't already. http://www.acbo.com.au/forum/ would be one which has a trading forum, I used it once, it was ok. You need to register
     
  5. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    Hello & welcome to the Forum

    Try and search for completed listings on eBay for the coins that you own.

    http://shop.ebay.com.au/ebayadvsearch/

    make sure you click on COMPLETED LISTINGS

    and than see what eBay buyers are bidding for the items.

    Bear in mind that there are fees involved with selling there.

    Once you have the prices than, take the photos of the coins and upload them here and offer them for aroudnd 5% less
    ( there are no fees here for the selllers ) and see if transactions can be completed.

    Or you can just upload the photos and turn it into a reserve bid auction here. If the highest price achieved is not up to your
    liking than just list it on eBay.
     
  6. Bank Manager

    Bank Manager Member Silver Stacker

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    Thanks for the tips, I will check out the trading forums,

    Looks like feebay may be the best option for offloading most of these coins, I used to buy them and think these are great collectables, but in the grand scheme of things they are really only worth their Ag value.

    Most of the coins are modern proof issues from Perth Mint, RAM etc,

    If anyone knows anybody who gets their kicks from numi Copper bronze proof coins then I can load them up!! what a waste of $$!!

    Cheers
     
  7. Bank Manager

    Bank Manager Member Silver Stacker

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    When I say what a waste of $$ what I really mean is "What a great collectable to spend up big on and put away for the kids....."
     
  8. THUCYDIDES79

    THUCYDIDES79 New Member Silver Stacker

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    The way things are going, no silver is worth their Ag value. They all trade on a premium to spot, even the 'lowly' 1966 50 Cent piece.

    The copper bronze is best suited for eBay tho.

    eBay will cost you in fees and more time with individual listings but the exposure will be much greater.
     
  9. Maggie

    Maggie New Member Silver Stacker

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    Hello and welcome
     
  10. Bank Manager

    Bank Manager Member Silver Stacker

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    Thanks all, looking forward to spending some time on here and getting my silver stack underway!

    Cheers
     
  11. Dynoman

    Dynoman Active Member

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    Would've thought generally that silver numis are always pretty liquid, have more investment potential & the same intrinsic value as rectangular silver bars. My question is why would you want to? That is unless you have a stack of silver swans under your bed?

    PS: Welcome Banky
     
  12. Bank Manager

    Bank Manager Member Silver Stacker

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    Don't have any swans unfortunately!

    So you think keep the numi silver coins I have, dump the alloy crap and then from here on buy up on bullion?

    Can anyone suggest a good online bullion dealer who deals in all amounts from 1oz up?

    Cheers
     
  13. errol43

    errol43 New Member Silver Stacker

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    Have you got any silver $10 state coins?

    Regards Errol43
     
  14. Graeme

    Graeme Member Silver Stacker

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    eBay is a great place to sell 'collector' coins but you need to be aware as other have mentioned of the fees and realise that if you list the item as an auction, you run the risk of the sell price not reaching your initial buy price.

    Long term, PM collector coins could be worth something though but it all depends on the market.
     
  15. adrenalin

    adrenalin New Member

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    Welcome Bank Manager!

    If you have any Perth Mint Lunar coins you want to sell let me know. :)
     
  16. Bank Manager

    Bank Manager Member Silver Stacker

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    G'Day Errol,

    I have the full set of $10 state silver coins plus 5 doubles.
    Are they popular witn bullion traders?

    Cheers
     
  17. thatguy

    thatguy Active Member

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    should just put a list with no prices and invite offers via pm (and say no lowball offers else you will be all day sorting your PMs :p ). Might make someones day and also make you some $
     
  18. projack

    projack Well-Known Member Silver Stacker

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    You can also invite offers for bullion swaps.
     
  19. au_ag_miner

    au_ag_miner Member

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    Not sure why you want to get out of numis to go into bullion. But I think you can try to sell your numis here. I'm keen on most Perth Mint & RAM silver issues.
     
  20. 25Grizzlies

    25Grizzlies Member

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    +1 au ag miner
     

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