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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: Tommaso who wrote (30604)	4/14/2005 2:54:53 PM
From: redfish	Read Replies (1) \| Respond to of 110194

I sold some for educational expenses once at Rechant Metals in WPB. No commissions, they post the price they will pay that day, which as I recall was a few bucks below London, no paperwork, no authentication. I would think weighing them would establish authenticity. But that was in 1988.

To: Tommaso who wrote (30604)	4/14/2005 2:57:07 PM
From: patron_anejo_por_favor	Read Replies (1) \| Respond to of 110194

Tulving buys bullion, so do lots of dealers here in Phoenix. Typically you get spot or so for Eagles, perhaps .5-1% below for K-rands. Bullion's easy to sell, but if you dump over 10K at a time you'll probably be asked to complete a CTR (cash transaction request form) for the Treasury Department. I haven't actually sold bullion, but I know several people who have.

To: Tommaso who wrote (30604)	4/14/2005 3:07:05 PM
From: Wharf Rat	Respond to of 110194

So far, I only buy from dealers. Haven't sold anything in years. I go to the one closest to me, ie an hour away. In big cities, you might find 5 or 10. Look in the phone book. Google works, too. If it is a gold or silver Eagle, they just take it. They don't care if you stole it, even. Unless it was a rarity, in which case they would know it is stolen. This is for just bullion. If you have numismatic coins, they will have to grade them, and such. May even send them out, if they are rare enuf. Buy, if you just sell for the metal alone, take them in and sell them. Doesn't matter much what country is stamped on it, altho K Rands are cheaper. Dealers are only required to report transactions over $10K. I pay cash, buy 1K at a time, because that avoids sales tax. Buying in person saves S&H charges. There is mark-up on all this stuff. Dealers have to buy from middlemen. The mint will only sell to specified brokers, who in turn send it out to the dealers. Small mark-up over spot each step; dealer pays slightly less than spot, I believe, when you sell them. Now, if you took it all and melted it (against da law, but..), and took it to the UST, they would give you spot, if they are buying. Lowest premiums are on rounds and bars put out by the producers. I haven't bought any yet. (Also worked for a dealer once; coin comes in, check goes out. Check comes in, coin goes out.Only records were receipts for taxes,. insurance. I guess the feds could have come in and grabbed them, tho. Oh, well, like I say, when I buy, I go by Johnny Cash

To: Tommaso who wrote (30604)	4/14/2005 3:14:21 PM
From: Horgad	Respond to of 110194

I dumped some bullion using Tulving (was platinum if I remember correctly). It was a piece of cake and the spread was fair. There are also some scrap dealers in the area that I could walk into anytime and get scrap prices for any type of gold that I bring in. By the way, a good price for scrap is 94% of spot and this includes 10K crap. And then there is always E-Bay which I have also used. It is really not that big of a deal. It might not be the most liquid thing in the world right now, but it is liquid enough. midwestrefineries.com