what's up YouTube Silver dragons here
and in this video we're going to talk
about selling your gold and your silver
now I know what some of you are thinking
why would I ever want to sell well the
bottom line is you might not want to
sell but you might need to sell for one
reason or another maybe it's a good
reason or a bad reason you know maybe
you're selling your silver to buy gold
or you're selling some of your metals to
purchase a home or something like that
or perhaps it's a bad reason right maybe
you have medical bills or home repair
costs or something like that but it's
great that you have silver and gold to
sell because if you didn't have it and
you needed it well then you'd be out of
luck so it's great to have if you ever
are in a time of need it's basically
your insurance it's your savings so when
you go to sell your gold and silver
there are different places you could
sell and some will give you more money
for certain items than others so we're
going to talk about how to get the most
money for your gold and silver when you
you sell them so let's do it
thank you so much for watching my video
I do sincerely appreciate it if you want
to learn more about investing in
precious metals or if you just want to
watch awesome videos about gold and
silver make sure to subscribe to my
YouTube channel okay so when it comes to
selling your gold and silver there's
really three places you want to look at
number one is going to be a local coin
shop this is going to be the easiest you
can drive down there they're going to
give you cash right away but they might
not pay you as much as say an online
bullion dealer that would be your second
option and you can always shop around to
see who will give you the most money for
your precious metals and the third place
is going to be something like eBay if
you have any Collectibles Now High
premium collectible silver and gold
coins usually will do better on eBay
than if you sell them to a bullion
dealer right because these aren't really
bullion there's a lot of value there
other than just the precious metal
content so if you have any of these like
really pricey expensive coins then I
would suggest looking at somewhere like
eBay or perhaps even a coin shop but
really that's going to be your best bet
and we're not going to dive into that in
this video because we're mostly talking
about Boolean right so if you got your
bullion coins your bullion bars and you
need to get rid of those the two places
are local coin shop or online bullion
dealer now when you go into a local coin
shop there's good and bad the good thing
is they can give you cash right away you
can sell as little as just one ounce to
them or probably even less and there's
not going to be any shipping costs
nothing like that but the bad thing is
they're only going to pay you what
they're able to pay you right maybe they
have a lot of a certain item in stock
and they don't really need more of those
at the moment so they're not going to
pay you as much as if you know they had
none of something in stock for example
so it's a little bit hit and miss with
the local coin shop but here is a clip
of Dennis the owner of my local coin
shop explaining how someone would sell
gold or silver to him Dennis A lot of
people have been asked
and asked when they go to sell their
bullion do they just bring it in to the
coin shop or I mean is there any limit
to how much they can sell is there
anything like that they should know
about
you know it's just as easy as buying it
you bring it in you hand it to me
I write a ticket
I verified that you know the product is
you know actually what it's what it is
I look at the screen I go here's the
price
I ask do you want cash or check
and that's it and that's it so really
the process is extremely easy most local
coin shops are like this and if you need
money right away this is how you would
do that but like I said before they can
only pay you really what they can pay
you so here on their website I'll show
you their buyback price for American
silver eagles currently they're only
paying like two dollars over spot to buy
these back and I don't know if they just
have a lot of Silver Eagles in stock
right now and they don't really need
them or what but you could get a lot
more money for your silver eagles if you
sold them back to say an online bullion
dealer here is an online bullion dealer
that will buy your gold and silver from
you and you can do it all online you
don't need to call them or anything like
that in fact you can do it any time of
the day it could be two in the morning
right and so their name is Boolean Max
I'll put a link for them down below in
the description but after you get to
their main page here you click on sell
to us and then uh this is pretty cool so
bullion Max is proud to offer the only
do it yourself Buy-Back tool in the
industry that's right you can lock in
your price online 24 7 without ever
speaking to our buyback Specialists
process is simple first login to your
boy and Max account or click here to
create one then click the button below
it'll send you to a new page where you
can select the products you want to sell
the quantity fill out your information
and complete the order please note our
minimum purchase amount is one thousand
dollars so you have to sell at least a
thousand dollars in gold or silver to
them otherwise they won't buy it from
you so that is one caveat if you only
have like one or two coins you wouldn't
be able to do this but I've already
created account and signed into mine and
I want to show you what they are paying
for the American silver eagles they have
this long list of items you can sell
back to them but we'll click on type one
random year these are the ones that I
have so if I wanted to sell uh just one
obviously they wouldn't do it but this
is the price 31.70
which is a lot higher than 2580 right so
you're going to get way more money if
you sell them to bullion Max
um even though there's going to be like
the small shipping fee which we can talk
about but let's say I was going to sell
them two tubes uh 40 of them they're
gonna pay me 12.68 right so at this
point you would simply hit submit and
it's going to say you know are you ready
to place your order here and you agree
with the terms and then we're going to
go ahead and do place order now it says
thank you your purchase order has been
successfully processed it gives me an
order number I can view the details here
and down here I can see a payment this
is when they pay me back obviously the
status is pending because they haven't
received anything yet I haven't even
shipped it out and then here's the
shipping status nothing is shipped yet
you can add your tracking number there
and they do have the invoice here as
well now it probably took about 30
seconds for me to get the email with the
confirmation and the shipping
instructions so basically they tell you
how to package everything so nothing's
going to get damaged when you ship it
out they recommend using USPS registered
mail with signature I know this is a
little bit more expensive to ship that
way but it's going to be the most secure
so I guess it's kind of up to you how
you want to ship it to them uh but they
give you all the instructions here and
they don't recommend shipping more than
fifty thousand dollars at once so I
guess if you're mailing them a lot of
stuff you maybe should break it up into
separate boxes and then here is where
you would actually mail it to so it's
kind of as simple as that and if you
have any questions you obviously could
call them if we go back to the Boolean
Max website and scroll to the bottom of
the sell to us section they have the how
it works and the FAQs so basically how
it works this is what we did we picked
what we wanted to sell to them we locked
in our price I went over how to mail
everything to them they say for payment
once we receive your package our
inventory team will inspect each item
and approve the sale after approval your
payment will be issued so if we go to
the FAQs we can see see how quickly are
my items verified once they're received
most orders are verified the same day
they're received however during busier
times this may take one to two business
days to occur how will you pay out my
buyback order when you place your order
we will contact you about the options to
pay out your buyback let's see are there
any other hidden fees no there's no
hidden fees how quickly do you pay
payment is typically issued in one to
three business days from the time your
items have been verified it can take one
to two weeks for a check to arrive if
you choose that option so I'm assuming
they have ACH like direct deposit or a
check I'm pretty sure those are the two
options that they have although I've
never actually gone through with it so
that was pretty much how to sell to an
online bullion dealer I mean that's
extremely easy to do if you are going to
be selling to an online bullion dealer
make sure that they are trustworthy as
far as bullying Max is concerned I have
bought from them many times I've talked
to their a customer service manager on
several occasions and I would feel very
comfortable selling them my gold or my
silver and also their process of doing
it all online is so easy I know for the
other dealers a lot of the time you
gotta call them and get a quote and
there's all of these steps so it's
really cool to just be able to do it all
sort of in one place so if you want to
sell to them again I'll put a link Down
Below in the description but just like
selling to a local coin shop when you
sell to an online bullion dealer there
will be some downsides there is the cost
to ship your silver or gold to them so
you need to factor that in and also it
will take longer for you to actually get
your money so depending on how quickly
you need to get paid you know you might
have to sell locally but obviously if
you could get a lot more money selling
it to an online bullying dealer you know
and you can wait a few days that would
be a better option so obviously there's
no one right answer for everyone but if
you want to get the most money for your
gold and silver you're gonna need to
kind of shop around right look on line
look locally and see who will pay you
the most and go with them so if you have
any questions feel free to put those
down below in the comments section I
want to say a massive thank you so much
for watching and I will see you all in
my next video silver dragons out