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Kinda New here
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Thread: Kinda New here

  1. #1
    Join Date
    Dec 2011
    Posts
    7

    Default Kinda New here

    Well, I'm a little new to posting in forums, so bare with me. My boss has asked me to expand our pawn shop further by asking around on the internet about the worth of certain items. I have to agree, actually. So, here goes. We have a A-Mark 10 OZ .999% silver bar. We've looked them up on Ebay and etc and found them going for $500 at times. just wondering what would be a good price for such an item. I hope this isn't considered Spamming or nothing. if it is, then I apologize.

  2. #2
    Join Date
    Apr 2009
    Posts
    5,003

    Thumbs up

    I'll give you guys $300 for it.

    Ship it to me for verification and I'll mail you a cheque.
    Caedite eos.

  3. #3
    Join Date
    Feb 2011
    Posts
    258

    Default

    I refuse to bare with you.

  4. #4
    Join Date
    Jul 2011
    Posts
    865

    Default

    Quote Originally Posted by jollypackrat View Post
    Well, I'm a little new to posting in forums, so bare with me. My boss has asked me to expand our pawn shop further by asking around on the internet about the worth of certain items. I have to agree, actually. So, here goes. We have a A-Mark 10 OZ .999% silver bar. We've looked them up on Ebay and etc and found them going for $500 at times. just wondering what would be a good price for such an item. I hope this isn't considered Spamming or nothing. if it is, then I apologize.
    don't sell your silver for profit, it can only go up! You can never buy back at a later date when it's cheaper, don't try to make a profit because the rocket ship is going to take off any second now . See you at the top. Those who sold in the 40s are fools. The fiat is over. The banksters days are over. Kabbal . Jp Morgan. Margin increases. Sheeple. Sub 30s are gone forever. Fed attacks on the silver market . Ok I'm done now

  5. #5
    Join Date
    Jun 2008
    Posts
    3,654

    Default

    Quote Originally Posted by jollypackrat View Post
    Well, I'm a little new to posting in forums, so bare with me. My boss has asked me to expand our pawn shop further by asking around on the internet about the worth of certain items. I have to agree, actually. So, here goes. We have a A-Mark 10 OZ .999% silver bar. We've looked them up on Ebay and etc and found them going for $500 at times. just wondering what would be a good price for such an item. I hope this isn't considered Spamming or nothing. if it is, then I apologize.
    You need to keep it. Soon you'll be able to use it to pay off the building your in, and probably the rest of the block...

  6. #6
    Join Date
    Aug 2011
    Posts
    167

    Default

    Quote Originally Posted by jollypackrat View Post
    Well, I'm a little new to posting in forums, so bare with me. My boss has asked me to expand our pawn shop further by asking around on the internet about the worth of certain items. I have to agree, actually. So, here goes. We have a A-Mark 10 OZ .999% silver bar. We've looked them up on Ebay and etc and found them going for $500 at times. just wondering what would be a good price for such an item. I hope this isn't considered Spamming or nothing. if it is, then I apologize.
    if you want to sell it then price it at spot + $2/oz unless you have 9000 people in your store all wanting to buy it like ebay does then it will go for more.

  7. #7
    Join Date
    Mar 2009
    Location
    united states
    Posts
    1,124

    Default

    Quote Originally Posted by jollypackrat View Post
    Well, I'm a little new to posting in forums, so bare with me. My boss has asked me to expand our pawn shop further by asking around on the internet about the worth of certain items. I have to agree, actually. So, here goes. We have a A-Mark 10 OZ .999% silver bar. We've looked them up on Ebay and etc and found them going for $500 at times. just wondering what would be a good price for such an item. I hope this isn't considered Spamming or nothing. if it is, then I apologize.
    Wow that must of been 6 months ago. I can sell you all you want at 350? Then you can expand your pawn shop and maybe get a tv show. There's really not much collectors value in a generic or mass produced bar. You might get more out of a older poured bar or something unique. I can stick a silver dime on ebay for 500 bucks. I can then sell them to you for 300 each for your new shop if interested Mr ChumLee.
    Legal Disclaimer: All posts by the person known here as duneyman jr are not to be relied upon for any reason and may be totally incorrect. All rights reserved and are for entertainment purposes only.

  8. #8
    Join Date
    May 2010
    Location
    Alabama
    Posts
    203

    Default

    What ever spot is. Or you can keep it until the economy turns around and it will be worth $50.

  9. #9
    Join Date
    Dec 2009
    Location
    Chicago
    Posts
    4,376

    Default

    Quote Originally Posted by jollypackrat View Post
    Well, I'm a little new to posting in forums, so bare with me. My boss has asked me to expand our pawn shop further by asking around on the internet about the worth of certain items. I have to agree, actually. So, here goes. We have a A-Mark 10 OZ .999% silver bar. We've looked them up on Ebay and etc and found them going for $500 at times. just wondering what would be a good price for such an item. I hope this isn't considered Spamming or nothing. if it is, then I apologize.
    Just so you know, you are getting some people yanking your chain here, so take everything you read here with a grain of salt. One of your biggest yankers so far was Robert Goens who was parroting comments we hear regularly from people with a heavy bias in the market(as a joke).

    The simple answer is that the price for spot Silver bullion(.999) is based on the lead month futures price vs the current T-bill rate and the days left until expiration. With various coins and bars, there can be added or subtracted value based on numismatic value or Silver content. 90% is at least 10% lower than .999, disregarding numismatic value. You will also have to take into consideration your business model as to how far above the raw valuation that you intend to set your bid and offer price, and how you are managing your inventory including whether you are hedging.

    With Silver under $30, $50 an ounce for bullion is a pretty rotten price unless you happen to be selling, in which case you would be screwing someone who doesn't know any better.

    I hope that's a reasonable start to your studies as to how to approach this.

    Matthew C. Shelley
    Commodity Broker

    As always: Trading in futures and options is very high risk investing. You can lose all or more of the money you invest. Only risk capital should be used.

  10. #10
    Join Date
    Dec 2011
    Posts
    7

    Default

    Mr. Chumlee? I AM NOT FAT. but thanks, Mathew. With the way the world is right now, my boss thinks its a good idea to cash in on most the chips. also got a few Morgans some from before the turn of the century. With all the doom and gloom going around, and the news hawks running around trying to make it into the story of the month, I think hes right. besides, as suggested, it might turn around and become a paper weight. hopefully not our paper weight at the time. So, at spot +/-(?) would be a good price? We didn't have the best of luck before trying gold. bought this really old eagle from the 1800s. some one turned it into a necklise. didn't turn out that well when we finally sold it. And please, just because I'm a bit new to this forum, doesn't mean I'm an idiot.

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