advice on selling

[choolie 0]

Howdy, I am not sure this is the right area for it but I have a few questions. I have some bullion silver coins which I bought about a year ago 12 of them they are 1 ounce Austrian .999 silver philharmonic coins, I now realize that they are very common and uninteresting and I would much rather sell them and use the money to buy a nice interesting coin. I can sell them back to coininvest at around £12each but I was thinking i might do a bit better by listing them as a job lot e-bay I am a was wondering if I can trust the natural arbitrage of e-bay to get around the spot silver price if I start at 99p. And I was starting to worry if there are VAT issues oranything else I need to worry about if i start dealing bullion in this manner.

[Chingford 166]

Howdy, I am not sure this is the right area for it but I have a few questions. I have some bullion silver coins which I bought about a year ago 12 of them they are 1 ounce Austrian .999 silver philharmonic coins, I now realize that they are very common and uninteresting and I would much rather sell them and use the money to buy a nice interesting coin. I can sell them back to coininvest at around £12each but I was thinking i might do a bit better by listing them as a job lot e-bay I am a was wondering if I can trust the natural arbitrage of e-bay to get around the spot silver price if I start at 99p. And I was starting to worry if there are VAT issues oranything else I need to worry about if i start dealing bullion in this manner.

I have a similar issue with some Silver I have inherited over 5kg of Canadian, American and Royal mint commemorative issues.

Spot price is a round £0.30 for .999, and £0.25 for .925, I have looked at the selling patterns for Solid silver modern issues,

if you were lucky the coins would make £7-8 each on Ebay, less 10% listing and selling fees, I would go with the buy back at

£12.00, probably a third of what was paid for them, but at least it is guaranteed.

John

[azda 979]

Ebays fees for coins are i think 16%

[azda 979]

Also, if you guys are looking to sell coins, the forum here does have a FOR SALE THREAD, maybe easier and cheaper than ebay, some people might be interested in your items, who knows.

[choolie 0]

Ebays fees for coins are i think 16%

Really I never knew that.

[Chingford 166]

Also, if you guys are looking to sell coins, the forum here does have a FOR SALE THREAD, maybe easier and cheaper than ebay, some people might be interested in your items, who knows.

Thanks for the information Azda,

I need to sort through, most of the Royal Mint are just worth scrap because of the number issued and tend to be from

commonwealth countries rather than UK, but I have noted a few rarer ones like RMPC and Lune dollars from Canada, Early to

late 1990s Canadian/USA BU/Proof Commemorative dollars, and several very early Half dollars from America.

I'll compile a list and publish when I finally find the time

John

[choolie 0]

Thanks Guys.

Ha ha, I just secured £12.44 per coin from coin invest I am have actually made a profit of £10. Not bad eh? should cover the postage anyay.

[Chingford 166]

Thanks Guys.

Ha ha, I just secured £12.44 per coin from coin invest I am have actually made a profit of £10. Not bad eh? should cover the postage anyay.

Might have a look at them myself, that's around £0.40 gramme, 25% better than most Silver buyers are quoting.