Hi Friends,
With silver prices running, I thought I would test the waters and sell a few coins/rounds to test the selling process. I used an app to post 2 coins - a Maple Leaf and a Philharmonic:
I was getting so many hits so quickly, that I didn't even get to post the 3 rounds I was going to sell in a separate listing before negotiations started on these two coins. I ended up selling at spot plus $2 for these two coins, and threw in the 3 generic rounds at spot.
The buyer picked them up quickly and I had $125 in my pocket (wish would have held off a little longer as silver went past $27 today, but at least it was only 5 ounces).
Pretty smooth experience, but so many people contacted me with lowball offers (like I didn't know what I was selling) it got annoying so I stopped responding to bad offers.
I thought $2 over spot for a government minted coin was reasonable as I try to pay below that myself.
I know most people here probably buy and hold forever, but if you were to sell a few ounces, how would you do it?
Thanks for coming by,
Brian