Stuck inside today because it's snowing and decided to go through my finds. There are a few detector accessories on my wish list so I'm thinking about cashing in all of the newer coins and jewelry to pay for them. I'm tumbling all of the newer coins and will probably take them to my local bank but I'm not sure what the best way to go is for cashing in precious metals. I've got a few gold rings with diamonds and a bunch of silver that I've found detecting and was wondering what's the best way to cash them in? I know there are places you can mail precious metals to and they'll send you a check but I just want to make sure I get the most for my finds. Any advice would be appreciated.
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What to do with gold and silver finds?
- Thread starter Trance
- Start date
Bugg, turbulant yes, but thats a result of the obstruction to the new commanders plan. Support the office and let the man work.
As far as the couns. I bathe the clad in nitric acid for a short time, all comebout shiny.
As fas as previous, I would list the 90 percent on the classified ads on this site.
Ask 90 percent of their value in silver and they will go quickly. Ebay and Paypal strips away a good chunk, so emdvredult is same or better.
As far as the couns. I bathe the clad in nitric acid for a short time, all comebout shiny.
As fas as previous, I would list the 90 percent on the classified ads on this site.
Ask 90 percent of their value in silver and they will go quickly. Ebay and Paypal strips away a good chunk, so emdvredult is same or better.
Thanks for the advice. I tumbled quarters, dimes and nickels separately using aquarium gravel and dishwashing soap and they turned out ok. They're all clean but about half are discolored so I think I might try the nitric acid. Would a hardware store like Home Depot or Lowes carry it? This is where I'm at so far. Every pile of quarters and dimes is $1 and each pile of nickels it .25 cent. Working on the pennies now. That sure is a lot of holes dug.
I sold some gold quite a while back, some old jewelry that had been handed down to me, I just took it to a local jewelry store by me, that advertises in buying gold. I feel they gave me a fair price. They acid tested what wasn't marked in front of me. Separated into piles of 14k, 10k etc., weighed it in front of me, and gave me 90% of spot price. Had enough silver to put in probably 3 tablespoons, rings bracelets etc. 14 bucks, One teaspoon of gold was $240!!! Haven't taken any in since the price dropped, I've dug quite a bit of silver, but not any gold except a small 14k earring. 2017 is being good to me so far, maybe this year!!!!!
kansas_jayhawks
Member
Trance said:
Here us a thought on selling silver coins. Talk to local auctioneers and see what there experience is selling coins especially silver. I did this and made twice what I would have off eBay. I talked to another one who stayed away from coins. I put a state quarter set in that auction and got in excess of $20. Some will even waive their fee if there are enough coins to attract more buyers but not dominate the auction in volume.
Just a thought.
vlad
Well-known member
If you are a member of a coin club see about selling some at meeting where you have an auction. And often members
are wanting to buy outright. Spend a few dollars on a copy of "Photograde." The book shows each type of coin in various uncirculated conditions,
with a detailed description below. Put this together with "The Red Book of Coin Values" and you are well armed.
But be advised on Red Book values-prices reflect the highest price 'someone' [often a knuckle head] paid for a specimen in a certain condition-and it may
not be a good reflection as to true value.
Ebay is not a fair market [in buying, or using their prices for references]-it seems some people get caught up in the bidding frenzy and coins
sell for far more than they are worth (in some cases) but some folks are determined they will show other bidders who is boss.
I have always been able to beat their prices, often by big margins, at coin shows-and the bigger the show , the better.
are wanting to buy outright. Spend a few dollars on a copy of "Photograde." The book shows each type of coin in various uncirculated conditions,
with a detailed description below. Put this together with "The Red Book of Coin Values" and you are well armed.
But be advised on Red Book values-prices reflect the highest price 'someone' [often a knuckle head] paid for a specimen in a certain condition-and it may
not be a good reflection as to true value.
Ebay is not a fair market [in buying, or using their prices for references]-it seems some people get caught up in the bidding frenzy and coins
sell for far more than they are worth (in some cases) but some folks are determined they will show other bidders who is boss.
I have always been able to beat their prices, often by big margins, at coin shows-and the bigger the show , the better.
vlad
Well-known member
I take enough vinegar in a cup to cover a quantity of coins, add 1/2 teaspoon of salt and get it hot in a microwave oven.
Drop the coins in & watch them-in a few minutes your cleaned coins will be (mostly) restored to a shiny finish.
Just rinse them off and let dry-you are good to go.
Drop the coins in & watch them-in a few minutes your cleaned coins will be (mostly) restored to a shiny finish.
Just rinse them off and let dry-you are good to go.
I sell my stuff to a member of our club and she pays way better than jewelry, coin shops, and smelters for what she buys from me. She has a walk in (Bank type) vault safe at her place of residence. She hangs onto everything till the prices go way up, then she makes huge profits.....NGE