Hello!

[JohnCLX]

Hello everyone.

I've been researching the best way to sell some silver.

I have four 1 kilo silver bars which I bought from Bullion By Post in 2012.

The description on the invoice is 'Umicore 1 Kilo Silver Bar Minted Bar 999.0'

I find that BBP will offer £541 each for these at the moment and that Ebay sellers seem to be getting about £700 - £740 (according to the 'Sold Items' listings).

I'm not willing to risk selling on Ebay though, due to the known scams associated with high value items.

So, the research which leads me here suggests a private sale is the way to go and that the selling price would be somewhere in between those mentioned above.

Any opinions/suggestions?

Thanks in advance.

John

PS Happy to add a photo, if appropriate.

 

[ChrisSilver]

Hello,

Welcome to TSF  

Please exclusively list items for sale in the forum’s trade section.

Please also make sure you have read the applicable Quickstart guide to trading as it contains useful and important information. 

UK QuickStart Guide
EU QuickStart Guide
USA & Canada QuickStart Guide

[Mikk]

Hi, Welcome to The Silver Forum

[JohnCLX]

Thanks.

I'll post in the trade section when I have an idea what the going rate is for these.

Does 650 seem about right? Opinions welcome!

[Ashes]

Hello and welcome to TSF. Might be worth having a search on here and see what similar size bars have sold for previously. 

[JohnCLX]

30 minutes ago, Ashes said:

Hello and welcome to TSF. Might be worth having a search on here and see what similar size bars have sold for previously. 

Thanks - I'll have a search through the traders section.

[James32]

Welcome John.

They should sell between £650 and £675 posted is my best guess.

However being new you will have to build up a certain level of trust in my humble opinion.

 

[trp]

Hi and welcome to TSF!  

[JohnCLX]

2 hours ago, James32 said:

Welcome John.

They should sell between £650 and £675 posted is my best guess.

However being new you will have to build up a certain level of trust in my humble opinion.

 

Thanks James. That's very helpful.

[James32]

1 minute ago, JohnCLX said:

Thanks James. That's very helpful.

Very welcome. 

Have a good read through the new members quick start guide, alot of valuable info and tips.

And I wish you luck on your journey sir.

[LiquidMetalsUK]

welocome to TSF 

[JohnCLX]

35 minutes ago, trp said:

Hi and welcome to TSF!  

Thanks trp!

[JohnCLX]

8 minutes ago, LiquidMetalsUK said:

welocome to TSF 

Thank you!

[Gordy]

welcome aboard matey

[Gordy]

7 hours ago, JohnCLX said:

Hello everyone.

I've been researching the best way to sell some silver.

I have four 1 kilo silver bars which I bought from Bullion By Post in 2012.

The description on the invoice is 'Umicore 1 Kilo Silver Bar Minted Bar 999.0'

I find that BBP will offer £541 each for these at the moment and that Ebay sellers seem to be getting about £700 - £740 (according to the 'Sold Items' listings).

I'm not willing to risk selling on Ebay though, due to the known scams associated with high value items.

So, the research which leads me here suggests a private sale is the way to go and that the selling price would be somewhere in between those mentioned above.

Any opinions/suggestions?

Thanks in advance.

John

PS Happy to add a photo, if appropriate.

 

I'd look at members prices on what they're asking and if they are getting sales but anything around £22.00 an ounce for silver is good and a kilo bar for under £700 will be under £22.00 per ounce if my calculations are right (had a couple of reds tonight) and at the end of the day its what you're happy with, low price means quick sale, too low and someone is getting a bargain off you.. don't sell to a dealer though... 

[JohnCLX]

5 minutes ago, Gordy said:

I'd look at members prices on what they're asking and if they are getting sales but anything around £22.00 an ounce for silver is good and a kilo bar for under £700 will be under £22.00 per ounce if my calculations are right (had a couple of reds tonight) and at the end of the day its what you're happy with, low price means quick sale, too low and someone is getting a bargain off you.. don't sell to a dealer though... 

Thanks Gordy!

[Happypanda88]

Hello! Welcome to the forum 🤗 

If your price is attractive enough then it should sell quickly. The members here love a bargain ! 

The only downside for you is that you are new to the forum and have yet to gain any reputation. So some members may well be cautious about sending you money before receiving the goods.

[daca]

Welcome aboard!

[JohnCLX]

6 hours ago, Happypanda88 said:

Hello! Welcome to the forum 🤗 

If your price is attractive enough then it should sell quickly. The members here love a bargain ! 

The only downside for you is that you are new to the forum and have yet to gain any reputation. So some members may well be cautious about sending you money before receiving the goods.

Thanks Hp88. Would offering payment by Paypal reassure members, do you think?

5 hours ago, daca said:

Welcome aboard!

Thanks daca!

[Oddjob]

G'Day and welcome.

[JohnCLX]

18 minutes ago, Oddjob said:

G'Day and welcome.

Thanks Oddjob

[Agaumac]

Welcome to the forum and good luck with buying and selling in the near future 

[JohnCLX]

59 minutes ago, Agaumac said:

Welcome to the forum and good luck with buying and selling in the near future 

Thank you!

[Centauri167]

Welcome John on this great forum, it will be a place were you will learn a lot more about collecting and stacking !

Good luck with selling your bars.