Who would buy hand pour bars from a back yarder

[trew]

I just don't get why anybody would go to the effort and why anybody would buy them.

If you melt down sterling silver into a lump and try to sell it, nobody is going to pay more than spot for it anyway.
For a couple of pct over spot they can buy any number of pure silver bars in known and trusted brands.
And because of the uncertainty element, it would probably sell for less than 90% of spot.


If you have sterling silver you don't want, you take it to a dealer and get your 85% or 90% of spot.

The dealer sends it off to the refinery where it gets refined into 1 kg pure silver bars - which everybody is happy to buy and sell.

 

[trew]

just do a specific gravity test end of story.

Do you carry the apparatus around with you and do the test in the street during a F2F ?

 

[willrocks]

I wouldn't buy them, even if I trusted the seller. Simply because I don't want any hassle when the time comes to sell.

 

[hussman]

I bought for a backyard hand pour for about half the silver price, then sold it on ebay for near spot. DEamn well nearly doubled my money. Granted I sold when silver did rise abit above what I sold it for. But none the less I didnt have any trouble selling it on ebay. I have a decent ebay rating/history which I think helped contribute to the sales.

But this was all back when I was just getting into silver. Now that I know much more I'd rather spend a bit more and get a stacker bar or PM bar. But if I can get cheap hand pours for 50% under spot I'd do it in a heart beat. Only if I could go to the persons house to pick up. I wouldn't meet in the park.

 

[trew]

I bought for a backyard hand pour for about half the silver price

Why did they sell it to you for half of spot when they could get more from a dealer ?

 

[hussman]

I bought for a backyard hand pour for about half the silver price

Why did they sell it to you for half of spot when they could get more from a dealer ?

It was his first time selling hand poured silver on ebay, and he had very little feedback, all his feedback was to do with non Precious metal related stuff. I gambled and toook the chance, met the guy at his house, he lived clean I saw his family, he had a decent story as to why he was melting old family sterling silver, showed a video fo how he made it. Lots of other little pointers which made his story more believeable. So I gambled and won.

If he wanted to meet at a park then I would have said no.

 

[No1joey]

just do a specific gravity test end of story.

Do you carry the apparatus around with you and do the test in the street during a F2F ?

Well you wouldnt buy something from someone without having their name bank details and or address, test it and return it if its not genuine.

Ive bought fakes off ebay and have had no problem returning them. Your not going to hand over cash to someone during a f2f without knowing anything about them.

And as for the concern over reselling, just tell the doubting buyer to dunk it in water when he gets home, if it doesnt come up legit tell him your happy to refund all his money.

 

[Jislizard]

just do a specific gravity test end of story.

Do you carry the apparatus around with you and do the test in the street during a F2F ?

Well you wouldnt buy something from someone without having their name bank details and or address, test it and return it if its not genuine.

Ive bought fakes off ebay and have had no problem returning them. Your not going to hand over cash to someone during a f2f without knowing anything about them.

And as for the concern over reselling, just tell the doubting buyer to dunk it in water when he gets home, if it doesnt come up legit tell him your happy to refund all his money.

Seems like an awful lot of hassle for what should be a straighforward deal. Unless the hand poured was significanlty cheaper or in a perticularly nice shape I am not sure it would be worth the effort.

Sure for one or two maybe but if you had to do it for more than that the novelty would wear off pretty quick.

Hand poured are strickly in the realms of the pikies and to be honest I tend to avoid trading with them.

 

[unfunkable]

def would

'hey unfunkable, i got some backyard silver, wanna buy some'

'yep sure thing, here's my money , i trust you 100%!'

 

[Ryaneod]

Funny, I just saw a you tube video yesterday about a guy that bought some rounds at a store in St Louis, I guess one of the biggest PM stores in that town and come to find out one of them was fake . . . go figure! It was NOT a hand poured bar.