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Where to sell silver coinage

expat		Posted : Sunday, 10 February 2013 1:08:25 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 26/03/2012(UTC) Posts: 499 Location: Rangiora Thanks: 49 times Was thanked: 91 time(s) in 76 post(s)		I've been offered a real good detector and need to upgrade. I will however need to raise the cash being poor and all that, and was thinking of liquidating a heap of pre 47 scrap silver coins. Anybody know where to sell, who pays best etc??
		My greatest fear is that when I die my wife will sell my collection for what I told her it cost me.

Good to go		Posted : Sunday, 10 February 2013 11:54:07 PM(UTC)
Rank: Gold Ingot Medals: Groups: Registered Joined: 8/06/2012(UTC) Posts: 121 Location: Ashburton Thanks: 57 times Was thanked: 21 time(s) in 12 post(s)		I asked the same thing and was told in the long run selling them thru trademe ya get more than the dealers. Im wanting to sell mine too just havent got round to it. Just interested how much you got?

tonznz		Posted : Monday, 11 February 2013 7:56:55 AM(UTC)
Rank: Gold Ingot Medals: Groups: Registered Joined: 20/07/2011(UTC) Posts: 667 Thanks: 261 times Was thanked: 199 time(s) in 152 post(s)		I have no relationship with the coy below and this is where I have sold scrap gold and silver over the last couple of years: http://www.buyinggold.co.nz/ they are a gold refinery in penrose, auckland. I suspect its where most of the gold and silver bought around nz ends up. You can phone their 0800 number and ask them how much they will pay. They can send you a prepaid, addressed courier bag if you pressure them I think. I have never bothered as I have never had large quantities. I post on a monday or tuesday or wed so it doesn't sit around a depot all weekend. I use nz couriers track n trace signature required overnight service, which is the service they had recommended. and address to: NZGM 49 Angle St, Penrose, Auckland, 1061 you have to photocopy your drivers licence and give them your bank account details and name and address and put this in the box you are posting. They will tell you all about it on the phone. It takes only around 24 hours from posting it for money to get in your bank, as they process it straight away. They email you their calculations and ask you to respond if you have any issues. I worked out that they give around 77% of the spot price for scrap jewellery and coins etc. which wasn't bad compared to the around 40% the people in the malls give you. You could work out the ratio when you phone them and ask the prices and then work out what they will give you and see if that is acceptable to you. Mall gold buyers don't buy silver coins either I don't think.

expat		Posted : Monday, 11 February 2013 6:19:26 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 26/03/2012(UTC) Posts: 499 Location: Rangiora Thanks: 49 times Was thanked: 91 time(s) in 76 post(s)		Thanks for that Tony, I'll be giving them a call presently.
		My greatest fear is that when I die my wife will sell my collection for what I told her it cost me.

Good to go		Posted : Monday, 11 February 2013 6:30:28 PM(UTC)
Rank: Gold Ingot Medals: Groups: Registered Joined: 8/06/2012(UTC) Posts: 121 Location: Ashburton Thanks: 57 times Was thanked: 21 time(s) in 12 post(s)		Let us know how you get on expat

expat		Posted : Monday, 11 February 2013 8:10:09 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 26/03/2012(UTC) Posts: 499 Location: Rangiora Thanks: 49 times Was thanked: 91 time(s) in 76 post(s)		Will do GTG.
		My greatest fear is that when I die my wife will sell my collection for what I told her it cost me.

andy		Posted : Thursday, 14 February 2013 2:00:33 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 13/12/2012(UTC) Posts: 471 Location: ngongotaha rotorua Thanks: 70 times Was thanked: 88 time(s) in 72 post(s)		Originally Posted by: expat I've been offered a real good detector and need to upgrade. I will however need to raise the cash being poor and all that, and was thinking of liquidating a heap of pre 47 scrap silver coins. Anybody know where to sell, who pays best etc?? i just got an email back from a person who buys scrap silver coins and can offer 47c per gram on 50%Silver coins dont know if this helps you but let me know if it does and il give you their email address to contact them.
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oroplata		Posted : Thursday, 14 February 2013 3:35:45 PM(UTC)
Rank: Gold Ingot Groups: Registered, Moderators Joined: 16/06/2011(UTC) Posts: 1,040 Location: Christchurch Thanks: 23 times Was thanked: 211 time(s) in 152 post(s)		Silver is at $1.17/g on xe.com right now. That means, ignoring refining costs, silver NZ coins are worth 58.5 cents per gram, so you're taking a 20% hit selling it to the refiner at that price. Silver NZ coins should be left as is rather than melted down because they are instantly recognised as being 50% silver simply by sight, and thus have an easily calculated, tradable value WTSHTF. Melting them down into generic silver slabs brings "are these really what they say they are, or chinese fakes" into the equation and thus no where near as easily tradable. So the best thing to do is either keep the silver NZ coins for your own use WTSHTF, or if you need the money sell them to someone who intends to keep them in their current form and are therefore not worried about refining costs and are willing to pay 100% of the silver value (because they believe it's going to go higher). Melting silver NZ coins down should be illegal - it restricts the supply of REAL MONEY available in NZ once the fiat system collapses and we need a coinage that has value (and need that coinage yesterday).
		WWW

andy		Posted : Thursday, 14 February 2013 4:48:04 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 13/12/2012(UTC) Posts: 471 Location: ngongotaha rotorua Thanks: 70 times Was thanked: 88 time(s) in 72 post(s)		are nz silver coins colectable enough that someone will buy bulk lots at the full silver price?
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expat		Posted : Thursday, 14 February 2013 4:56:52 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 26/03/2012(UTC) Posts: 499 Location: Rangiora Thanks: 49 times Was thanked: 91 time(s) in 76 post(s)		Hi Andy and thank you for your help and suggestion. The collectability of these scrap coins is not their appeal, it is the silver value alone. Most bulk lots on trademe reach full spot price or very near, sometimes they exceed it. I guess this must be because of the investors who are in it for the long term and see a future rise, either way, anybody who lists a good quantity of silver content coinage can be safe in the knowledge that they will end up with far more than the 80% or so that the refiners are offering.
		My greatest fear is that when I die my wife will sell my collection for what I told her it cost me.

andy		Posted : Thursday, 14 February 2013 5:03:45 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 13/12/2012(UTC) Posts: 471 Location: ngongotaha rotorua Thanks: 70 times Was thanked: 88 time(s) in 72 post(s)		no worrys
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madsonicboating		Posted : Thursday, 14 February 2013 8:46:30 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 21/03/2011(UTC) Posts: 674 Thanks: 187 times Was thanked: 157 time(s) in 127 post(s)		the more they melt the higher our value goes up of coins we keep :) burrrrrrrrn baby burn!
		WWW

andy		Posted : Thursday, 14 February 2013 9:00:46 PM(UTC)
Rank: Gold Ingot Groups: Registered Joined: 13/12/2012(UTC) Posts: 471 Location: ngongotaha rotorua Thanks: 70 times Was thanked: 88 time(s) in 72 post(s)		i agree and if the system fails it wont be silver coins people will be bartering with it will be food and bullets.
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