Silver Stacker Site Puts a Floor under SS members

[errol43]

When I first started stacking 66 fifty cent coins 3 or 4 years ago I faced some difficult decisions. One problem I faced was that being restricted to a buying budget of $20 to $40 per week, Where would I buy the coins? At that time there were quite a few lots for sale on E bay but the postage was a bit off putting. Ainslie Bullion had them for sale in 1kg lots so that was out. I decided to go with the local coin shop which had a mostly reliable supply for $6 each. So I started stacking and I soon had built up to my 1st hundred.

Then I used to worry, What happens if the price of silver drops $3 or $4, I need fiat in a hurry, Who will I sell to. Obviously the coin shop will buy but I would have to sell at a loss. The price of silver slowly moved up and was soon at $18oz but the price of the coins were now $7 to $8 each but silver went even higher and now it is no longer a problem.

Today if I want to sell I would do so on SS because it has put a floor under both buying and selling of silver. Where else can you get over 1000 interested people who are all in the business of buying and stacking silver in both large and small amounts. If the price is around spot or is deemed to be of good value, business is soon done. If you need fiat in a hurry for some every day emergency the SS site is as good as a bank.

If you are a new stacker and you can buy around spot, the only thing that can go wrong is that the price of silver drops but you'll never have to worry about selling it. The Traders on this site sell silver at fair price and offer buybacks at spot prices in many instances. The only problem I see is that we have far more buyers than sellers.

Where would we be without the SS site. We would be floundering in a sea of silver. It has also broadened what type of silver we stack.

Regards Errol43

 

[Nugget]

The only problem I see is that we have far more buyers than sellers.

This is a problem that is being experienced right this very moment.

 

[renovator]

When I first started stacking 66 fifty cent coins 3 or 4 years ago I faced some difficult decisions. One problem I faced was that being restricted to a buying budget of $20 to $40 per week, Where would I buy the coins? At that time there were quite a few lots for sale on E bay but the postage was a bit off putting. Ainslie Bullion had them for sale in 1kg lots so that was out. I decided to go with the local coin shop which had a mostly reliable supply for $6 each. So I started stacking and I soon had built up to my 1st hundred.

Then I used to worry, What happens if the price of silver drops $3 or $4, I need fiat in a hurry, Who will I sell to. Obviously the coin shop will buy but I would have to sell at a loss. The price of silver slowly moved up and was soon at $18oz but the price of the coins were now $7 to $8 each but silver went even higher and now it is no longer a problem.

Today if I want to sell I would do so on SS because it has put a floor under both buying and selling of silver. Where else can you get over 1000 interested people who are all in the business of buying and stacking silver in both large and small amounts. If the price is around spot or is deemed to be of good value, business is soon done. If you need fiat in a hurry for some every day emergency the SS site is as good as a bank.

If you are a new stacker and you can buy around spot, the only thing that can go wrong is that the price of silver drops but you'll never have to worry about selling it. The Traders on this site sell silver at fair price and offer buybacks at spot prices in many instances. The only problem I see is that we have far more buyers than sellers.

Where would we be without the SS site. We would be floundering in a sea of silver. It has also broadened what type of silver we stack.

Regards Errol43

Yep i agree i never owned a coin until a couple of months ago it was all bars all the reading here definately broadened my limited knowledge

 

[rbaggio]

Today if I want to sell I would do so on SS because it has put a floor under both buying and selling of silver.

+1.

To new members, get a few trades under your belt, make sure you leave feedback AND MAKE SURE THE OTHER PARTY LEAVES FEEDBACK FOR YOU. You should start building up your Trade feedback ASAP. Also make sure you contribute to the site with posts, so you become familiar with other users.

Why? If you need to sell in a hurry, people won't send their money to you if you don't have some positive feedback.

 

[Nugget]

Today if I want to sell I would do so on SS because it has put a floor under both buying and selling of silver.

+1.

To new members, get a few trades under your belt, make sure you leave feedback AND MAKE SURE THE OTHER PARTY LEAVES FEEDBACK FOR YOU. You should start building up your Trade feedback ASAP.

Why? If you need to sell in a hurry, people won't send $$$ to you if you don't have some positive feedback.

^^^^^^^ THIS ^^^^^^^^^^^

 

[Boyo]

Great thread ,errol 43.
I agree completely with your sentiments.SS is a growing community of like minded ,but very individual persons.

One thing I try to keep in mind when doing trades ,is to respect that individuality and ask the same from them.Likely you wont ever meet up with the person on the other end of the trade,but it is important to remember they are a person ,not just a username.
I always sign my messages with my real name and try to personalise correspondence.I often ask for a name from others ,if not offered.AND I have broken off a few trades because the individual concerned has not responded in kind..In fact ,some are downright rude


As things hot up on the trading threads ,as they are starting to already,let's remember how to communicate

It's not all about PM s

 

[SilverBaron]

One thing that always bugged me was the premium I pay when I sell back.

Thank You Silver Stacker!

 

[boston]

Great thread ,errol 43.
I agree completely with your sentiments.SS is a growing community of like minded ,but very individual persons.

One thing I try to keep in mind when doing trades ,is to respect that individuality and ask the same from them.Likely you wont ever meet up with the person on the other end of the trade,but it is important to remember they are a person ,not just a username.
I always sign my messages with my real name and try to personalise correspondence.I often ask for a name from others ,if not offered.AND I have broken off a few trades because the individual concerned has not responded in kind..In fact ,some are downright rude


As things hot up on the trading threads ,as they are starting to already,let's remember how to communicate

It's not all about PM s

+1

 

[renovator]

Great thread ,errol 43.
I agree completely with your sentiments.SS is a growing community of like minded ,but very individual persons.

One thing I try to keep in mind when doing trades ,is to respect that individuality and ask the same from them.Likely you wont ever meet up with the person on the other end of the trade,but it is important to remember they are a person ,not just a username.
I always sign my messages with my real name and try to personalise correspondence.I often ask for a name from others ,if not offered.AND I have broken off a few trades because the individual concerned has not responded in kind..In fact ,some are downright rude


As things hot up on the trading threads ,as they are starting to already,let's remember how to communicate

It's not all about PM s

yep no real name no contact number = no trade for me

 

[Maggie]

When I first started stacking 66 fifty cent coins 3 or 4 years ago I faced some difficult decisions. One problem I faced was that being restricted to a buying budget of $20 to $40 per week, Where would I buy the coins? At that time there were quite a few lots for sale on E bay but the postage was a bit off putting. Ainslie Bullion had them for sale in 1kg lots so that was out. I decided to go with the local coin shop which had a mostly reliable supply for $6 each. So I started stacking and I soon had built up to my 1st hundred.

Then I used to worry, What happens if the price of silver drops $3 or $4, I need fiat in a hurry, Who will I sell to. Obviously the coin shop will buy but I would have to sell at a loss. The price of silver slowly moved up and was soon at $18oz but the price of the coins were now $7 to $8 each but silver went even higher and now it is no longer a problem.

Today if I want to sell I would do so on SS because it has put a floor under both buying and selling of silver. Where else can you get over 1000 interested people who are all in the business of buying and stacking silver in both large and small amounts. If the price is around spot or is deemed to be of good value, business is soon done. If you need fiat in a hurry for some every day emergency the SS site is as good as a bank.

If you are a new stacker and you can buy around spot, the only thing that can go wrong is that the price of silver drops but you'll never have to worry about selling it. The Traders on this site sell silver at fair price and offer buybacks at spot prices in many instances. The only problem I see is that we have far more buyers than sellers.

Where would we be without the SS site. We would be floundering in a sea of silver. It has also broadened what type of silver we stack.

Regards Errol43

Good advice Errol43

 

[Citizen]

Today if I want to sell I would do so on SS because it has put a floor under both buying and selling of silver.

+1.

To new members, get a few trades under your belt, make sure you leave feedback AND MAKE SURE THE OTHER PARTY LEAVES FEEDBACK FOR YOU. You should start building up your Trade feedback ASAP. Also make sure you contribute to the site with posts, so you become familiar with other users.

A quick question - I have had several successful trades with Captain Kookaburra and Blockhead of this forum, but none of these trades were resulting from a buying or selling thread on the forum.

Is there someway that I could potentially document what would effectively be 'positive feedback' from these trades, or because those trades occurred outside of the site itself, they do not count towards this?

 

[Nugget]

Today if I want to sell I would do so on SS because it has put a floor under both buying and selling of silver.

+1.

To new members, get a few trades under your belt, make sure you leave feedback AND MAKE SURE THE OTHER PARTY LEAVES FEEDBACK FOR YOU. You should start building up your Trade feedback ASAP. Also make sure you contribute to the site with posts, so you become familiar with other users.

A quick question - I have had several successful trades with Captain Kookaburra and Blockhead of this forum, but none of these trades were resulting from a buying or selling thread on the forum.

Is there someway that I could potentially document what would effectively be 'positive feedback' from these trades, or because those trades occurred outside of the site itself, they do not count towards this?

Ask them to vouch for you.


I've bought pretty much everything via PM so I'm in the same boat

 

[pmfiend]

old trading threads get deleted anyway, so it's not like there's a documentation trail

 

[Citizen]

Ask them to vouch for you.


I've bought pretty much everything via PM so I'm in the same boat

Cool, I'll do that - I'm sure neither would mind.

Also, I've seen some people have 'Successfully traded with.....(insert list of names) ' in their signatures.

Is it ok with forum rules to do that?

 

[Captain Kookaburra]

A quick question - I have had several successful trades with Captain Kookaburra and Blockhead of this forum, but none of these trades were resulting from a buying or selling thread on the forum.

Feedback left as part of CK's feedback amnesty. Feel free to PM me if I've missed you.....

 

[screwedon]

problem for me is that i dont have fiat to spend on PM's at present and no intention to sell untill i've worked out that ellusive exit strategy...100/oz ? Still can't decide but for sure i'll have no trades till I exit.

 

[NQDave]

I've been going to sell a few small lot's to get some rep up, but I don't like the idea of selling any of my precious hoard just yet.

 

[Yippe-Ki-Ya]

Great thread ,errol 43.
I agree completely with your sentiments.SS is a growing community of like minded ,but very individual persons.

One thing I try to keep in mind when doing trades ,is to respect that individuality and ask the same from them.Likely you wont ever meet up with the person on the other end of the trade,but it is important to remember they are a person ,not just a username.
I always sign my messages with my real name and try to personalise correspondence.I often ask for a name from others ,if not offered.AND I have broken off a few trades because the individual concerned has not responded in kind..In fact ,some are downright rude


As things hot up on the trading threads ,as they are starting to already,let's remember how to communicate

It's not all about PM s

yep no real name no contact number = no trade for me

This is not a requirement with me if meeting face to face and if stacker already has a good rep...
If he/she wishes to remain anonymous thats fine with me - under the above circumstances.

 

[renovator]

Great thread ,errol 43.
I agree completely with your sentiments.SS is a growing community of like minded ,but very individual persons.

One thing I try to keep in mind when doing trades ,is to respect that individuality and ask the same from them.Likely you wont ever meet up with the person on the other end of the trade,but it is important to remember they are a person ,not just a username.
I always sign my messages with my real name and try to personalise correspondence.I often ask for a name from others ,if not offered.AND I have broken off a few trades because the individual concerned has not responded in kind..In fact ,some are downright rude


As things hot up on the trading threads ,as they are starting to already,let's remember how to communicate

It's not all about PM s

yep no real name no contact number = no trade for me

This is not a requirement with me if meeting face to face and if stacker already has a good rep...
If he/she wishes to remain anonymous thats fine with me - under the above circumstances.

got nothing to do with being anonymous what if your lost or late or something comes up do you just let the other party sit there & wonder & waste their time ?A phone number is a requirement for me to do any deal