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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?


To: Tommaso who wrote (63483)2/16/2009 12:21:23 PM
From: Proud Deplorable  Read Replies (3) | Respond to of 78419
 
No that's not a stupid question.

Go to any coin or bullion shop and they will buy them for the bid price and turn around and sell them for the ask price, usually about a 25.00 to 75.00 spread, each store is different but they try to compete.

I don't know where you are but if you go here for example and enter your city you will get all kinds of names

yellowpages.com
Also here are some dealers
gata.org
more
gold-speculator.com

How to buy guide
ehow.com

and this
christianet.com

hope this helps



To: Tommaso who wrote (63483)2/16/2009 1:36:28 PM
From: Bat Man  Read Replies (1) | Respond to of 78419
 
I sold a 100 oz silver bar about 2 years ago, I got the price from their site before sending it in the mail( to Kitco). They called me and said because it was an unrecognizable bar I would get .35 per oz less . Well I said I bought the bar from you and at that time there was no mention of unrecognizable bar, it was the regular price.. After a while arguing on phone they called in a supervisor or some higher up and gave me the original quote. The bar was marked IMPERIAL .999 silver 100 ozs. I've been a buyer since 2002 of mostly coins gold and silver , that was my only sell.

Batman



To: Tommaso who wrote (63483)2/16/2009 4:04:11 PM
From: lzc  Read Replies (3) | Respond to of 78419
 
I've sold some gold coins, both bullion and numismatic. First, I thought just about every city of any size had at least one coin dealer that bought and sound coins. Maybe not.

The dealer I used posted the price of gold daily on a blackboard and the percentage spread at which he'd buy or sell each popular bullion gold coin. The price was reasonable, I thought. It was simple. I was paid in cash, but the amount of each transaction was less than $2000. (Gold was cheaper then.)

The interesting part of the experience was my effort to sell some numismatic US gold coins, bought in the Middle East in the 70s. Each and every one turned out to be counterfeit. They spotted it quickly, took the time to explain why (confirmed by weight). I took the coins home and confirmed their finding (long story), and then went back and sold them for the bulk price of gold, minus a reasonable smelting fee.

If your point is that selling any significant quantity of coins might involve considerable inconvenience, I think you're right. I believe coins in small numbers can be bought and sold easily. I have about 25 oz of bullion gold coins now. Beyond that, my gold investments are in GLD, GDX, NEM, and a couple of juniors.