Prepare to Sell/Trade Your Collectible Silver

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I've been thinking of a silver exit plan for a while now. I don't plan to completely exit, but I do want to take some profits and possibly convert some of that into gold. The tricky part is what, where and when.

What to Sell
I'm strongly opposed to selling bullion whenever possible. It's the most liquid part of any stack, so in my mind it should be the last thing you sell unless you need to sell quickly. That leaves collectibles. While I can understand many of us don't want to part with them, these are the next logical items to sell. When we originally bought them we knew we were paying far over spot. With spot getting up to almost $100/ounce now, we're in a unique position to sell at a decent profit.
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Where to Sell
Since these are collectible pieces, you'll get the most money for them selling privately. You can do this through Reddit, Facebook Marketplace, Whatnot, eBay, etc. You could sell to your local coin shop, although they will likely give you less than spot per ounce. The last option would be selling to a pawn shop, but they will likely try to lowball you far worse than any coin shop would.

When to Sell
This will be very subjective and depend on your goals. If you're not in a hurry, it may not be a bad idea to stagger your sales and average your profits as spot price increases. You may not catch the peak, but you also won't end up holding it longer and miss opportunities to sell.

I think most people know there will eventually be a downward price correction, but nobody knows when that will happen. This is a rare opportunity to take profits. If you've been considering buying some gold, doing it while silver prices are high is the best time to make your move. Whatever you decide, just don't miss the chance because you didn't plan ahead for the right moment.

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If I’m correct about the coming U.S. Monetary Correction, and you insist on selling or trading your Silver, I personally think you’d be better off converting it to common Pocket Change, instead of Gold…

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Unless they pass a law backing US coins with silver and gold and making them convertible, I'll stick with the precious metals.

!BBH
!PIZZA
!ALIVE

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(Edited)

Keep in mind that all we ended up having to make change for our Circulating Silver and Gold Coins were Pennies and Nickels… It will be too late to get in on the ground floor of U.S. Stable Coinage if you wait… If you’re not holding U.S. Pocket Change when the announcement is made, a $1 U.S. Coin will cost 100 of todays Fiat USD’s… In any case, I figure you’ll be better off holding Silver than you’ll be by holding Gold… Feel free to use your own best judgement…

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This is so very hard, because things aren't the same anymore.

In the old market, going from $5 silver to $100 silver clearly means blow off top. Take some profit, lick that ice cream!

In the new market, it means people are running for the exits. Trading dying dollars for precious metals.

In the future market, it could mean that we are looking at the new, must have, strategic resource, and it is still at a steal at $100.

China is obviously trading The US debt for PMs
But what do you do if you live in America?

I do agree that selling collectibles now, will net you the largest premium. Going forward, people will have less discretionary money for collectibles, however there will be more people who will be buying silver, no matter what form it is and melt it.

And as you hinted at, what do you need now? Don't just sell your silver for failing Federal Reserve Notes, have something in mind that will help your life. Paying off your house (even though those are going to zero) makes your life so much simpler, and you need so much less cash incoming each year.

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Exactly! It's a quiet, panicked run for the exits. The music is still playing, but the fiat audience is thinning.

Paying off debt, buying land and other hard assets is a great alternative if you're not wanting to convert to gold but still want something tangible that will hold value.

!BBH
!PIZZA
!ALIVE
!DUO

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Like you said, at these prices you are still going to get well over the SPOT and premium you paid for them, so it's really not that big of a deal. I have some generic pieces I picked up from one of the online dealers in their "bulk silver rounds and bars" section where you just pay a price and you don't know what you are going to get sent to you. Those are the ones I would likely part with first.

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Sounds like you've already got a pretty good idea of how you plan to sell when/if the time comes. That's great!

!BBH
!PIZZA
!ALIVE
!PIMP

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I've picked out some stuff to sell once again. I sold some near the top and bought gold, this will be round two when the price is right! Let's see where things go, $86 right now!
!BBH
!PIZZA
!DOOK

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