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For Americans looking for a good investment, buying silver in today’s market offers a very attractive potential for strong returns. According to experts keeping an eye on the gold/silver ratio, silver is showing signs that buying low today could result in huge cans in the near future. But before investors start trying to make money selling silver coins, they should learn some basic facts about this precious metal.

What Is the Gold/Silver Ratio?

Investopedia describes the gold/silver ratio as a way to show the amount of ounces of silver investors need to buy just one ounce of gold. When the ratio is higher, this means the price of gold has become much higher than silver, while a lower ratio means the two precious metals are closer in price. In this way, the price of silver is closely tied to the price of gold, which of course fluctuates. So for investors who already sell gold coins, opting for a silver investment in addition to gold might be a good idea, since they are already keeping track of the price of gold.

When Is Buying Silver a Good Idea? 

For anyone looking to make money selling silver coins, they need to know when to buy them first. According to Wall St Cheat Sheet, there is a high demand for silver lately due to the increased use of silver in various applications over the past four decades. For example, the technology industry uses silver for popular items like tablets, smartphones, solar panels, and computers. These inventions will continue to be made for years to come.

Because of the higher demand for silver, the gold/silver ratio is a little higher than average. However, The Economic Times reports that the ratio will likely soon fall to about 50 due to rising silver prices. Investors should also note that the price for silver fluctuates more than gold, which is why it is important to pay attention to the most recent gold/silver ratio before making a silver investment. For example, according to MarketWatch, silver cost about $35 per ounce in 2012 and then fell to $18 in 2013. The price for physical silver is gradually increasing while supply is swiftly falling, so investors should consider a diversification move into silver soon. More specifically, with silver at current levels, it needs to reach approximately $25 per ounce to return to the average gold/silver ratio.

What Are the Advantages of a Silver Investment?

Gold coin investors already know there are many benefits of owning gold, and those benefits also extend to silver. For example, according to The Nest, gold and silver are often used to counter pending inflation concerns. In addition, they are tangible assets, which is not the case with most types of investments.

For investors who are wondering why they should buy silver in particular, either instead of or in addition to gold, they should keep the many uses of this precious metal in mind. The fact that the technology field puts silver in so many products means it will always be in demand.  Also, as gold coin investors have probably noticed, silver is more affordable to buy than gold. This means people do not have to spend a lot of money upfront to make a silver investment.

Anyone interested in investing in silver is encouraged to buy silver coins. They can be stored almost anywhere. Plus, since coins come in smaller denominations, they are convenient to have when investors only want to sell a small amount of silver at once. Of course, investors can always try a combination of investments, allowing them to make money selling silver coins, silver bars, and even gold coins and bars. 

American Eagle and Buffalo Bullion Sales (# of coins) Monday Sales Sales Last Week July Sales August Sales YTD Sales $100 American Platinum Eagle Bullion Coins 200 0 0 200 13,100 $50 American Eagle Bullion Gold Coins 1,500 10,000 26,000 11,500 236,000 $25 American Eagle Bullion Gold Coins 0 0 0 0 27,000 $10 American Eagle Bullion Gold Coins 0 2,000 6,000 2,000 80,000 $5 American Eagle Bullion Gold Coins 0 15,000 25,000 15,000 400,000 $50 American Buffalo Bullion Gold Coins 0 4,000 5,500 4,000 121,000 $1 American Eagle Silver Bullion Coins 0 955,000 1,975,000 955,000 27,058,500 Great Smoky Mountains National Park 5 Oz Silver Bullion Coins 0 0 500 0 29,500 Shenandoah National Park 5 Oz Silver Bullion Coins 0 0 0 0 20,000 Arches National Park 5 Oz Silver Bullion Coins 0 0 1,500 0 20,000

Why selling gold coins on eBay is a bad deal.

Jul 1, 2014

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Some think the number one problem with selling gold on eBay is authenticity. You have to be able to prove that you have authentic gold items. Since buyers are purchasing sight unseen, they feel the seller can send gold plated coins. Unless the buyer has the coins appraised right away, the seller may get away with hundreds of dollars, or so they think. Even after you get over this hurdle, you will still run into the biggest problem with selling gold coins on eBay: fees.

eBay Fees

eBay’s fees are broken down into two categories. First, the seller pays an insertion fee. Coins are eligible for 100 free-insertion-fee auction-style listings per month and a $0.30 insertion fee for fixed price listings. If you intend on selling a lot of coins, $0.30 can add up quickly.

Just listing an item can incur a charge, but you also rack up more charges by adding selling features like bold text and listing photos. Listing a gold coin in more than two categories also adds fees. These fees are paltry when compared to the real fees that eBay adds that makes it a poor choice for the end consumer.

Second, the seller must pay a final value fee. This fee is a percentage of the final sale price of the auction. Even if your sale falls through, the eBay agreement states that you’re responsible for final value fees.

If you can prove that the buyer refused to pay, got a refund or the buyer canceled the transaction, then eBay will refund the final value fee. They don’t put the money back in your bank account or PayPal account, though. They give you a credit on your eBay account that can only be used towards future fees, not to purchase eBay items.

PayPal Fees

eBay owns PayPal and forces eBay sellers to use PayPal for payments. So, not only does eBay take a cut of your revenue, PayPal also charges you a fee for payment services.

PayPal charges 2.9% and $0.30 for each transaction if you have a merchant account. If you make more than $3,000 in transactions, then you can receive a lower fee of 2.2 to 2.5 percent after being a member with PayPal for more than 90 days.

Alternative Places to Sell Gold Coins

So, if eBay isn’t a good place to sale gold coins, then where should you set up shop? There are a few different options that offer profits with very low fees or no fees at all.

One option is Craigslist. On Craigslist there are no selling fees and it is easy to reach out to local buyers. This means you can meet buyers in person and there won’t be any shipping fees. You save twice. However safety and authenticity must be taken into consideration

Private party sales are another option. Private sales companies come to you, appraise your coins and offer you top dollar for your gold coins. Often, they will pay you cash during the meeting for your coins. This is one of the easiest selling routes and there are no fees.

Surprisingly gold dealers are an attractive source for coins and bars. As they buy and sell everyday, think of a gold dealer like a CarMax, where they offer 2-4% less than the value in hopes of reselling the next day for 2-4% of what they paid.

If you have a lot of inventory, consider selling at trade shows. For a flat fee, you can set up a booth and sale to your heart’s content without worrying about sharing a cut of your profits.

Between the eBay fees and the PayPal fees, sellers can lose much of their profit when selling gold coins on eBay. Consider Craigslist, private party or coin shows to make the most profit.

For more information and a competitive quote on buying or selling physical gold and silver consider Lexi Capital Gold IRA Specialist.

US Mint Sales: Numismatic Products 2014-P Civil Rights Act of 1964 Silver Dollars Old Sales Latest Sales Gain/ Loss % Increase $1 Silver Proof 44,459 45,013 554 1.25% $1 Silver Uncirculated 18,335 18,602 267 1.46% Clad Proof Sets Old Sales Latest Sales Gain/ Loss % Increase 2013 Proof Sets 788,729 789,595 866 0.11% 2012 Proof Sets* 794,002 794,002 – – 2014 America the Beautiful Quarters Proof Sets 62,059 63,080 1,021 1.65% 2013 America the Beautiful Quarters Proof Sets 123,814 123,909 95 0.08% 2012 America the Beautiful Quarters Proof Sets* 148,498 148,498 – – 2013 Theodore Roosevelt Coin and Chronicles Set 8,669 8,817 148 1.71% 2014 Presidential $1 Coin Proof Sets 117,060 121,326 4,266 3.64% 2013 Presidential $1 Coin Proof Sets 259,336 259,511 175 0.07% 2012 Presidential $1 Coin Proof Sets* 249,298 249,298 – – 2014 Happy Birthday Gift Sets 3,525 3,715 190 5.39% 2013 Happy Birthday Gift Sets 10,196 10,207 11 0.11% 2014 Birth Gift Sets 6,453 6,864 411 6.37% 2013 Birth Gift Sets 36,191 36,274 83 0.23% 2012 Birth Gift Sets 48,461 48,482 21 0.04% Silver Proof Sets Old Sales Latest Sales Gain/ Loss % Increase 2013 Silver Proof Sets* 419,728 419,730 2 0.00% 2012 Silver Proof Sets* 395,443 395,443 – – 2014 America the Beautiful Quarters Silver Proof Sets 66,269 67,770 1,501 2.27% 2013 America the Beautiful Quarters Silver Proof Sets 130,610 130,819 209 0.16% 2012 America the Beautiful Quarters Silver Proof Sets* 162,448 162,448 – – 2013-W American Silver Eagle Two-Coin Proof Sets* 235,689 235,689 – – 2014 Congratulations Gift Sets 2,095 2,178 83 3.96% 2013 Congratulations Gift Sets 16,231 16,771 540 3.33% 2013 Limited Edition Silver Proof Sets 42,886 44,415 1,529 3.57% 2012 Limited Edition Silver Proof Sets* 50,169 50,169 – – 2012 Making American History Coin & Currency Sets* 60,203 60,203 – – 2012-S American Silver Eagle Two-Coin Proof Sets* 224,981 224,981 – – US Mint Uncirculated Sets Old Sales Latest Sales Gain/ Loss % Increase 2013 Uncirculated Mint Set 355,080 355,581 501 0.14% 2012 Uncirculated Mint Set* 392,224 392,224 – – 2013 Presidential Uncirculated Set 74,706 74,717 11 0.01% 2012 Presidential Uncirculated Set 86,965 87,050 85 0.10% 2011 Presidential Uncirculated Set 80,031 80,095 64 0.08% 2013 Annual Uncirculated Dollar Coin Set 33,068 34,399 1,331 4.03% 2012 Annual Uncirculated Dollar Coin Set* 28,368 28,368 – – 2013 Theodore Roosevelt Presidential Discovery Set 4,387 4,403 16 0.36% Proof Silver Eagles Old Sales Latest Sales Gain/ Loss % Increase 2014-W Proof Silver Eagles 386,045 410,103 24,058 6.23% 2013-W Proof Silver Eagles* 868,494 868,494 – – 2012-W Proof Silver Eagles* 819,217 819,217 – – Uncirculated Silver Eagles Old Sales Latest Sales Gain/ Loss % Increase 2013* 178,941 178,941 – – 2012* 202,504 202,504 – – 2013 Proof American Eagle Gold Coins Old Sales Latest Sales Gain/ Loss % Increase 1 oz* 16,833 16,833 – – 1/2 oz* 4,841 4,841 – – 1/4 oz* 4,913 4,912 -1 -0.02% 1/10 oz* 13,865 13,865 – – 4-Coin Set* 7,877 7,877 – – Uncirculated American Eagle Gold Coins Old Sales Latest Sales Gain/ Loss % Increase 2013* 7,293 7,293 – – 2012* 6,118 6,118 – – Proof American Buffalo Gold Coins Old Sales Latest Sales Gain/ Loss % Increase 2013 Proof Gold Buffalo* 18,594 18,594 – – 2013 Reverse Proof Gold Buffalo* 47,836 47,836 – – 2012 Proof Gold Buffalo* 19,765 19,765 – – Proof American Platinum Eagle Old Sales Latest Sales Gain/ Loss % Increase 2013* 5,758 5,763 5 0.09% 2012* 9,081 9,081 – –

Sales of the U.S. Mint‘s gold American Eagle coins this year surpassed the total for all of 2012. About 761,000 ounces have been sold, exceeding last year’s total sales of 753,000 ounces.

Silver American Eagle coin sales totaled about 39,175,000 ounces, well on pace to break the record set in 2011.

With gold down more than 20% on the year after 12 straight years of gain, negativity is high, yet some see that sentiment as a contrarian bullish sign. Hedgeye Risk Management CEOKeith McCullough is now relatively bullish on gold, buying Friday for the first time in a year.

“Gold’s perverse, but modern, silver lining is what it’s always been — an unelected body of central planners (the U.S. Federal Reserve) having the unlimited and unchecked power to interrupt this thing called gravity (also known as the economic cycle)” via currency devaluation and rate repression, said McCullough in an emailed note quoted byMarketWatch.

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