How to sell precious metals
How to sell your Precious Metals.
hello everybody it's spectacular
the silverstack Euler today we're going
to talk about how to sell your precious
metals when it's that time so now I'm
making this video does that mean that it
is time now to sell your silver ah no
not necessarily that is up to you that
is a personal decision that you have to
make when you buy this stuff you also
have to consider when you may need to
sell it so that is all up to you so now
I'm just gonna give you some advice on
things you should look for to do etc
when it's time to sell so now I have a
few different things laid out here I've
got poured silver junk silver I've got
like collectible stuff I've got some old
like sterling silver things like that so
one of the first things I would
recommend to you is if you don't have it
yet
you need to really consider getting some
form of other types of payment besides
like a credit card etc and I mean like
PayPal if you haven't got a PayPal by
now
you're really really missing out it's
it's a very trustworthy company I've had
PayPal for over a decade and I've never
been let down by them they're very buyer
friendly when the buyers on the right
and they're very seller friendly when
the sellers on the right they definitely
look out for both parties when that
person is in the right so I would
recommend getting PayPal also consider
things like venmo venmo is actually
owned by PayPal so again it is
trustworthy so now what a lot of people
will do is when it's time to sell they
just want to get rid of it maybe a loved
one has died and that inheritance has
gone on to you now and you're like
overwhelmed you don't know what all this
stuff is you haven't watched the videos
etc you just want to get rid of it it
may be the easiest for you to go to a
coin shop or a pawn shop and just get
rid of a lot
but I guarantee you if you do that
you're going to lose a lot of potential
money there for sure at either the coin
shop or the pawn shop without knowing
what you have now one really awesome
thing about precious metals is that
precious metals don't have to be sold to
pawn shops and coin shops and businesses
like that this stuff is great because it
can be sold from person to person other
people besides just you or your loved
one the past etc finds this stuff
valuable I do there's tens of thousands
of other people probably hundreds of
thousands of people out there ready to
buy this stuff at any given moment
because they also you know find it
valuable so don't think that you have to
go to some place that will sell it for
you because you know somewhere in your
neighborhood I'm sure there's somebody
or a few people that would buy this
stuff from you believe it or not is it
safe to go to those doors you know door
to door and say hey you want to buy some
so you know maybe not but I'm trying to
make a point that other people find this
stuff valuable so now let's say that you
don't want to just go to a pawn shop and
coin shop and make it just you know a
fast process and lose a lot of money you
want to try to get the most bang for
your buck so now first thing I would
recommend is doing a little research on
the things you have it's so simple you
could just you know grab a piece look at
it find out who makes it find out how
big it is find out exactly what it is
okay it's made out of silver and then do
a little research on it and find out
approximately the going rate for such a
thing you can do that by looking at
places that have sold it before so for
instance I got this off of social media
you could go to the right to the source
and find out how much that's being sold
for there you can look at eBay sold
listings I'm sure there's something
similar on sold listings you could ask
around in a community if you're in a
forum on social media what's something
like this
poured silver wise would go for so
that's definitely how you could you know
do some research look it up the Internet
is full of information I made a video
before about how to quickly check sold
listings on eBay that's that's a great
way to check out
you know what something is valued at so
let's say for instance you have a dollar
or right here two dollars worth of junk
silver just type in two dollars junk
silver coins on eBay and then go to the
options and switch it to sold listings
so you can see everything that's been
sold for that that's worded that way two
dollars junk silver and it will show you
what the average prices are not things
that are sold I mean it's it's what it
what a great resource for information
there so I would avoid things like like
when you're doing coins I would avoid
things like red book things like that to
get a accurate selling price you want to
go to actual like sold listings that you
can see at that very given moment so you
have an idea and also you may want to
keep that information handy somehow so
that you can give that information to
other people when it's time to sell you
can say well you know this right here
says it's sold for this much at this
time so that's kind of around the area I
would like to be when I go to sell mine
all right so you have ways to get the
payment like PayPal venmo etc you have
done your research you've looked on ebay
sold listings you've looked up prices
you've scoured the internet etc so now
where can you sell I would also
recommend considering getting an eBay
account if you don't already have one
and it's so simple to sell things on
there it's not even funny
and I would also recommend selling just
some stuff on eBay you know things
around the house there's things that
you've seen a dozen times around your
own house you're like I really don't
need that anymore I just I wish I could
sell it you can you can actually sell
that no problem you know wrap it up and
ship it out get that eBay account sell
those little trinkets here and there
build up some reputation so that when
people you know see your items there's
more people that are drawn in because
you do have a little bit of reputation
built up so it's that's easy to do find
something you like wrap it up in like a
little bubble wrapper or go to the post
office and get there free boxes or
bubble wrappers that they already offer
for their priority shipping wrap it up
have the post office put a label on
there for you pay pay them right there
and it gets shipped out
it's a really simple process a little
bit more simple and a little cheaper if
you have a little thing you can do at
home with like a computer a printer and
or a label maker and so a little cheaper
if you go through PayPal for shipping so
there's there's definitely some options
there and you can save a few dollars if
you're able to do it in your own house
and you just put it on your mailbox and
put the flag up and there it goes out to
the next person real simple but okay so
you know eBay is definitely a great
option but I feel like eBay is just a
little bit above in most cases what a
like a pawn shop or a coin shop will end
up buying it for not not not too big of
a difference but you could probably
still lose some profit you know some
possible profit there there is also a
profit possible 'ti that the auction can
start going crazy and it goes way up and
then you end up getting more than this
thing is actually worth if a lot of
people are interested in the bidding
starts going nuts alright now I want to
open your eyes to this possibility that
you think is just totally wild right
Facebook Instagram I know there's social
media you have people on their posts and
selfies of you know and and showing how
cute they look today because they you
know did their hair this way but it's
also a great place to sell stuff believe
it or not absolutely great and it's
totally free it costs you nothing to
both buy and sell there you can make a
page show what you have and say hey I'm
selling this right here for a hundred
bucks
and if somebody's interested they go
like hey I'm interested in that you
start communicating right back and forth
in that social media platform and then
you ship it out to them real simple real
simple and you can use things like
PayPal friends and family which costs
you nothing it costs them nothing extra
except for exactly what they're going to
pay you and ship it out now real quick
since I'm talking about PayPal I do want
to give you a quick warning PayPal is
very very protective of both buyer and
seller even more so for the buyers as
long as certain criteria are being
so for an example when a person ships
something out so let's say you're the
person and you're shipping out this
right here okay you wrap it up etc you
put a label on there it's in the mail
now okay as long as this right here goes
to the exact address that PayPal has
listed for that person when you do your
transaction when the person pays etc it
gives you a you know their address you
need to ship that out to that exact
address and they're gonna be able to see
so see you exactly where you shipped
based on the label that was printed so
now that has to happen otherwise PayPal
does not have your back and you could
lose out on a lot of money there and
potentially so otherwise if that label
says that this item was shipped to the
person as the seller you are protected
you have a lot of protection there and
if the person goes I didn't get it well
according to the label and the tracking
etc from the post office it says you got
it we're gonna go ahead and side with
the seller in this case so you know
that's something to think about that
they do have your back for sure as the
cell as the buyer if somebody you know
sends you something and they send it to
the wrong address they send it broken
it's you know this right here let's say
this comes in and it's got a giant chip
on it that didn't have that chip on it
when you when you first saw it you know
in the pictures and when you bought it
you sell that to PayPal they got you
covered
you know like they're going to protect
the person that's that's in the right
for sure so I also want to say that
being said that is the regular PayPal
service now I want to talk about PayPal
friends and family for a second and VIN
moe PayPal friends and family is a
totally free service it costs nobody in
the extra money there's no fees it's
going to be taking out for you know
either party normally there would be
fees taking out for the seller with a
regular PayPal a little bit I think it's
like 3% will be taken out but that will
not happen with PayPal friends and
family but here's the catch there's also
no protection from PayPal either if this
gets sent out to somebody and the person
goes yeah I never got it you know
neither parties going to be happy
because
PayPal is not gonna help the buyer and
they're not gonna help you any other way
either they're gonna say hey you use
friends and family you know you guys are
on your own
there is no guarantees there is no
safety net when you use friends and
family so you need to buy from somebody
who's trusted so when you're buying on
one of these social media platforms buy
from somebody who's trusted build up
your reputation as a good seller so that
people can trust you to do the right
thing when it's time to sell them stuff
so now unlike Instagram and Facebook
again totally totally free people sell
stuff on there all the time
I've bought many things on there in fact
everything you see right here plus many
more things have been purchased from
individuals selling on Instagram totally
you know free for me to go on there and
look through their stuff it cost me
nothing above the price they quoted me
there was no fees the person that bought
our sold these to me had no fees on
their on their half it's just it's a
nice way to do things so again I bought
from trusted people they're very
reputable in that community and if they
weren't reputable if they were doing
some shady stuff that community would
filter them out themselves they wouldn't
you know people would be spamming them
with a lot of hate basically you know
telling them that you know they're
terrible and they would get no business
at all so these people do want business
they want to continue getting money so
they are going to do the right thing
that's just how it's going to work
so it's my opinion that in like places
like Instagram Facebook social media
even Craigslist potentially you know be
careful though be very careful with that
you know if there's a lot of safety risk
there with Craigslist if you do I meet
somebody meet somebody in a public place
but anyways those places right there
have the best potential to get the most
from your stuff now you know why is that
right because again when I was talking
about selling from person to person
rather than to a business when you sell
to like a coin shop or a pawn shop they
have to resell it and make money so when
you sell this right here maybe you get
you know 50% of you know whatever it
costs to them maybe since it supports
silver they ignore the fact that it's
art and they go yeah we're only paying
for the silver content only so you know
a piece that's you know worth close to
100 bucks now only goes for you know
maybe 80 bucks maybe 70 bucks you get a
lot less when you sell it that way so
there's none of those reselling concerns
when you sell stuff on like social media
platforms like your Instagram your
Facebook etc because those people they
may be like you were one day they do
plan on selling it but that is not their
business they're not trying to buy it
and resell it real quick they're buying
it to hold it so that's where you can
get the most bang for your buck it's
telling from person-to-person and like I
said before the great thing about
precious metals is you can do that you
don't have to sell to a business and I
get a lot of questions like oh what am I
supposed to do when I you know want to
go sell this stuff I don't know of
anybody who buys it there's many many
people that are buying this stuff that
is why they have businesses that sell
precious metals is because there's
buyers for it so don't be worried about
you know people buying it from you
because there is many people out there
that's gonna buy it so now let's say I
want to sell a big-ticket item right now
you know this right here let's just
imagine this piece right here is worth
about $1,000 okay you can't afford to
lose $1,000 in the mail all the time so
protect yourself as much as you can you
take lots of pictures of these things
take all the angles of the sides get
some close-ups of the coin front and
back that way you know if there's any
little certain spots on there you can
identify the coin that way you know that
there was a crack in the case then
that's already been told to the buyer
that way they know everything and if
there's any kind of description that
you're allowed to put in for these
things make sure you put that stuff in
the description too you know the hey
there's a crack here hey there's you
know a problem with the coin right here
you really make those focal so that you
can you know let the let the buyer know
that those those are the issues and when
they go to you know buy the thing
they're already aware of that there's no
surprises so now again we're saying just
for pretend because we're pretending now
that this is a $1000 little coin here so
now you want to put insurance on this
and when you I mean that when you go to
ship it out you know let's say you're
doing it at the post office you go to
the post office say yes I want to have a
1,000 dollar insurance on this package
and it's gonna be a few dollars extra
you know just don't worry it's not gonna
be a thousand dollars it's gonna be like
you know maybe like five six seven
dollars probably for a thousand dollars
worth of insurance and that just
protects you you know saying if
something happens if the package goes
missing one day that you have some kind
of claim that you can file and that's
you're you're saying that the value of
the package is a thousand dollars so I
would do that also consider things like
signature confirmation that cost an
extra couple dollars as well and that's
when you know this right here gets sent
out into the mail and it goes to the
person that person will sign for that
package saying that yep I received it
right then and there from the postman so
that's all that saying and that way you
have a little bit more you know
guarantee that that package actually got
to that person and PayPal will
definitely be siding with you if you
cover all those little little check
marks off let's say you are the seller
and you ship it to somebody and you know
the tracking on there is good the
tracking says the package was delivered
you know there's no problems the person
tells you yeah you know the package was
stolen I don't have it I understand
what's going on tracking says it was
delivered it was stolen it is not your
responsibility to find that package okay
and you are in no way responsible you
shipped it out once it leaves your hands
it's no longer in your hands think of it
that way when it leaves your hands it's
out of your hands
you can't do anything anymore about it
so when that gets to that person right
the buyer
it's the buyers responsibility to you
know contact you know their local law
enforcement to contact the post office
to try to find this package etc about
stolen items all that that's that's
their responsibility so don't be fooled
by some people that goes like yeah I'm
gonna need a you know a new one because
that one was stolen that's on them at
that point and it's it's rough to say
and it makes me sound like a bad person
but once it leaves your hands it's out
of your hands
simple concept alright now I want to
talk real quick about researching this
stuff and making sure that you're
selling it for the most money you can
some things I want you to pay attention
to right so let's say you have a coin I
want you to check things like dates
condition
you know the type of coin it is you can
even look for you know rarities within
the coin different varieties etc think
about those things when you go to sell
because that's all going to increase or
decrease the value based on the
different numbers you know dates etc so
definitely research and know what you
have when it comes to coins because you
could end up having a simple looking
coin like this right here and it could
be a $400 quarter you just never know
unless you do know so make sure you do
your research
things like porch silver they could have
some rarities to them you know this this
could be a vintage pour it could be a
really limited edition one I've seen one
ounce poured silver bars though for a
couple hundred dollars so do not just
you know say like oh yeah it's poured so
typically it goes between twenty to
twenty-five dollars an ounce bah blah
blah that's what I'll sell it for make
sure you're researching this stuff these
little knickknacks like this like little
forks and spoons and silver pieces and
you know sterling silver etc make sure
you do some research on those because
there's some rare ones of those you know
Tiffany pieces for instance those are
through the roof he has some Tiffany
sterling silver you could be sitting on
a little mint or gold mine there so
definitely research this stuff like I
said go to ebay look it's old
things make sure you look at the little
numbers all on these things make sure
you identify who the maker is etc you
could be sitting on a little bit of
profit there when you go to sell junk
silver some people say that junk silver
is sold by the ounce we don't buy junk
silver that way we buy junk silver per
face right so let's say right here this
these are two half dollars we'll buy it
these two half dollars times let's say
ten dollars per face value right
so one dollar times ten is ten dollars
so ten dollars for these two pieces
right here okay so definitely when
you're when you're selling or buying
junk silver we're selling it you know by
you know times face it that makes sense
so don't try to do it by the ounce
that's not how junk silver works junk
silver is times face value so again 50
cents right here this is a 50 cent piece
times 10 because that's just assets
imagine that's the going rate is 10
times face right this would be $5 if you
have to that's $1 $1 times 10 times face
is $10 buy and sell like that don't do
it differently if somebody says that hey
I don't I don't buy junk silver people
you know that way I only buy it by the
ounce and be like okay well I like to
buy some from you buy the ounce then and
let's see how how well they do that for
you you know they're not gonna do it
that way then why would they do it the
other way - it doesn't make sense let's
say if you have collectible stuff so
let's say you have things like this make
sure it's not like a you know a rare
piece a limited edition piece you know
look all over it make sure there's not
like some stuff on the side saying
there's limited a certain serial number
etc you know check it out look for
things also when you go to sell it make
sure you note any kind of dents mark
scrapes etc you know let the buyer know
that when you go to sell it
put it back in this little box if it's
coming with boxes and stuff for COAS
make sure you identify those two that
they are coming with you know extra
things and COAS and whatever else the
case may be so you may not want to sell
everything individually you may want to
just try to get it all out as one lot so
now that could cause some problems
because where you have people that you
know collect just poured silver or just
junk silver they may not be like me
where they collect a lot of different
types of silver like right now I'm
really not interested in the sterling
silver I want a lot of this kind of
stuff right here what you see in this
area so you know I would I would see
this and I would value it personally
less so I would give the person less for
this whereas these right here I'm you
know I'm down to buy so that's that's
something to consider
that you could end up getting you know
less money so if you're gonna sell it as
a lot maybe sell these pieces right here
together
so the poured silver together so the
junk silver together so you're not quite
selling it all together but you're
making it smaller little portions and
it's more appealing to different buyers
that way more things before I go is I
don't want to see you get burnt on your
stuff when you buy this stuff don't
think that it's automatically taken long
you know a loss right away this is not
the same as when you drive a brand-new
car off the lot this is a little
different because again you're not
selling this stuff back to a car lot you
know I mean where you have to you know
just go ahead and take that hit because
you know they got to resell it you are
selling this from person to person those
people are not reselling it so I could
buy this for a hundred bucks and I could
sell this for a hundred bucks believe it
or not sometimes you can flip a lot of
this stuff for even more you find a good
deal rare piece where the case may be I
bought it for 100 maybe I can sell it
for 125 like how quickly shown you here
there are options out there for you you
don't have to be pigeonholed into
certain little shops and in places to
sell there are a lot of options and I
did not cover them all there's a lot of
other places you can sell to other
places on the internet you can go to
forums oh my goodness I've totally
forgot about forums but coin forums and
precious metals forums are
there and it's the same scenario now
people are looking for some deals on
there but they're also willing to pay
you a lot more than the coin shop or a
pawn shop is gonna be selling you know
they're buying these things from you for
I want to say don't be that dinosaur
it's just old school yeah I'm not
getting into social media I'm not
getting a PayPal I don't trust them you
know I'm not gonna I don't worry about
building a reputation etc those people
are bound to fail I want to see you sell
this stuff for the most possible money
that you can I see a lot of people that
they you know you know this or this
happens you know my whatever the case
may be my washing machine broke down I
need another one you know what am I
supposed to do I just got to go to the
pawn shop take a little extra time post
this stuff up on some social media get
more bang for your buck by - washing
machines right because who doesn't want
to washing machines anyways I don't
wanna see you get burnt I want to see
you do your best I don't want to see you
be that dinosaur that's afraid to do a
little changing and to do things a
little differently you know let's try to
sell this stuff for the most possible
you know we can't consider this that
when you go to these different shops to
buy you know you see this stuff right
here for you know 11 dollars you can see
it over here for 12 dollars and over
there for 13 dollars what shop do you go
to you go to the ones that sell it for
11 right generally you go for the lowest
price so let's be a you know let's shop
around when it comes to selling our
stuff as well we can take a little bit
more time and sell our stuff the right
way so we can make more money there's
definitely a lot more to consider when
it comes to selling stuff I gave you
some very basic stuff and just some
thoughts that there's other options out
there start this stuff now if you don't
have these this Instagram stuff these
Facebook's if you don't not a part of a
coin or precious metals form just get an
account there maybe once in a while make
a post etc just to build up some
reputation so people know that you're
you know you're the legit you're not
just some fly-by-night person that's
just in and out day after day you know
you've built some reputation I hope this
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