Percentages And Selling Silver

[wake_up_bomb]

Hi all, I've got a couple of questions that maybe someone could help me with. Firstly, I have seen some information regarding the first of these questions, but I just wanted to gauge the opinion of people currently holding PMs. What percenage of your savings do you hold in silver and gold?

Secondly, does anyone know of a good place to sell silver coins? Somewhere in the north or Midlands would be preferable. I've found a good place to sell gold sovereigns, but I haven't managed to find anywhere that gives a comparably good price for silver coins, it all seems to be scrap price. Thanks in advance.

[ken_ichikawa]

I used to hold about 10% in PMs since PMs have gone crazy its more like I hold 20-25% in PMs. Since I bought them now and again when the price was considerably lower. And I've chipped into my savings a few times.

Some places to sell:

Hatton garden metals they have a calculator on their website for .925 silver. They tend to give .90-.95 of spot price.

Alternatively go ask Richard Anderson at WCW, he is in Weighton. He is less of a bullion dealer more of a numanist but again will only offer about .95 of spot price unless they are part of a set or happen to be super rare. But again not that much more than the spot price. If it is super rare sell it yourself, an anedotal was a guy with a Reichsmark silver coin of which only a few thousand were made. It went for over $140 even though the silver content was considerably less.

[Quiet Guy]

Hi all, I've got a couple of questions that maybe someone could help me with. Firstly, I have seen some information regarding the first of these questions, but I just wanted to gauge the opinion of people currently holding PMs. What percenage of your savings do you hold in silver and gold?

Secondly, does anyone know of a good place to sell silver coins? Somewhere in the north or Midlands would be preferable. I've found a good place to sell gold sovereigns, but I haven't managed to find anywhere that gives a comparably good price for silver coins, it all seems to be scrap price. Thanks in advance.

I'm about 75% in PMs which is well beyond the normal recommended extent. I tried to reduce my exposure by selling some gold earlier this year but the rising price of gold and (especially) silver thwarted that plan!

Have you tried Weighton Wonders for selling silver?

http://www.weightoncoin.com/coins/

The proprieter, Richard Anderson, is well spoken of on this forum I believe that Richard normally offers about 90% of the silver spot price.

You could try Chard for comparison as well but I suspect that you'll have trouble getting more than 90% spot except for private sales.

Please let us know how you get on with this; I'm sure many other forum readers would be interested in your research.

[wake_up_bomb]

I'm about 75% in PMs which is well beyond the normal recommended extent. I tried to reduce my exposure by selling some gold earlier this year but the rising price of gold and (especially) silver thwarted that plan!

Have you tried Weighton Wonders for selling silver?

http://www.weightoncoin.com/coins/

The proprieter, Richard Anderson, is well spoken of on this forum I believe that Richard normally offers about 90% of the silver spot price.

You could try Chard for comparison as well but I suspect that you'll have trouble getting more than 90% spot except for private sales.

Please let us know how you get on with this; I'm sure many other forum readers would be interested in your research.

Thankyou for the information, after one post I'm not sure I'm qualified to advise others yet, but I will definitely post anything of value that I come across.

Incidentally, you said you had problems selling gold. Could I ask how much you were trying to sell?

[Quiet Guy]

Incidentally, you said you had problems selling gold. Could I ask how much you were trying to sell?

I've confused the issue by trying to make a rather obscure joke. When I was at about 75% in PMs early this year, I sold some sovereigns to Hatton Garden metals and Chard, without any difficulty at all, to bring my PM allocation of savings down to something more like 60%. Since then, the metals prices have risen so fast that my estimated % of savings has risen back up to 75%.

[wake_up_bomb]

I've confused the issue by trying to make a rather obscure joke. When I was at about 75% in PMs early this year, I sold some sovereigns to Hatton Garden metals and Chard, without any difficulty at all, to bring my PM allocation of savings down to something more like 60%. Since then, the metals prices have risen so fast that my estimated % of savings has risen back up to 75%.

It was a bit obscure, but looking back you did put an exclamation mark at the end of it, so maybe I should have identified that it was a joke! Thanks again for the info.

[ken_ichikawa]

I've confused the issue by trying to make a rather obscure joke. When I was at about 75% in PMs early this year, I sold some sovereigns to Hatton Garden metals and Chard, without any difficulty at all, to bring my PM allocation of savings down to something more like 60%. Since then, the metals prices have risen so fast that my estimated % of savings has risen back up to 75%.

[Guest spp]

$'s and £'s are nothing but a medium of exchange.

[downs523]

I'll buy people's gold at spot price...

[Number79]

and I would take the silver coins....

what you getting rid of wake up?