What is the generally expected percentage off spot when selling?

N

Niveka

New Member
Setting aside numismatics and friendly deals, lets say silver goes up to $50 and you decide to dump your stack, what would you expect a fair price in relation to spot would be? I took a quick look around my city (major metropolitan area) and was surprised that there not many placed that would buy PM's and of the ones that were there, the best deal that was offered way 80% of spot. They also advertised the 80% like it was some great deal. What is generally accepted as a fair price?
 
80% spot is not great. With a little effort you should be able to at least get spot. If price reaches that high it would be because of a high demand and people wanting this metal and should not be hard to move. You can sell on a forum like this, Ebay, local classifieds or find a good coinshop.
 
At the coin shop where I work, we buy silver at spot, or a little above it depending on whether there is demand for the metal. The only thing we buy under spot is oddly enough, holiday rounds.
 
Nabullion Dynamite said:
80% spot is not great. With a little effort you should be able to at least get spot. If price reaches that high it would be because of a high demand and people wanting this metal and should not be hard to move. You can sell on a forum like this, Ebay, local classifieds or find a good coinshop.
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+1
 
fltacoma said:
At the coin shop where I work, we buy silver at spot, or a little above it depending on whether there is demand for the metal. The only thing we buy under spot is oddly enough, holiday rounds.
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Question for the un-informed - what is a holiday round?
 
boston said:
fltacoma said:
At the coin shop where I work, we buy silver at spot, or a little above it depending on whether there is demand for the metal. The only thing we buy under spot is oddly enough, holiday rounds.
Click to expand...
Question for the un-informed - what is a holiday round?
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I'm thinking stuff like this and this ?
 
Niveka said:
Setting aside numismatics and friendly deals, lets say silver goes up to $50 and you decide to dump your stack, what would you expect a fair price in relation to spot would be? I took a quick look around my city (major metropolitan area) and was surprised that there not many placed that would buy PM's and of the ones that were there, the best deal that was offered way 80% of spot. They also advertised the 80% like it was some great deal. What is generally accepted as a fair price?
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If there is a big financial crash and high inflation sets in, I assume people will get much closer to the spot price for their PM's when selling.
 
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