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What to do with gold and silver finds?
Posted by: Trance
Date: April 01, 2017 06:15PM
Stuck inside today because it's snowing and decided to go through my finds. There are a few detector accessories on my wish list so I'm thinking about cashing in all of the newer coins and jewelry to pay for them. I'm tumbling all of the newer coins and will probably take them to my local bank but I'm not sure what the best way to go is for cashing in precious metals. I've got a few gold rings with diamonds and a bunch of silver that I've found detecting and was wondering what's the best way to cash them in? I know there are places you can mail precious metals to and they'll send you a check but I just want to make sure I get the most for my finds. Any advice would be appreciated.

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Re: What to do with gold and silver finds?
Posted by: sddavid
Date: April 01, 2017 06:58PM
Haven't gotten rid of any of my silver or ring finds yet. I did turn my tumbled clad quarters into a new digital camera for my daughter. My personal experience in the past with coin dealers has not been so good. Good luck to ya! :)



Tesoro Golden umax
Fisher 1280X
White's Coinmaster
White's CoinPro
White's V3i
Whites Coinmaster Classic III
White's Classic II SL

Re: What to do with gold and silver finds?
Posted by: brianc577
Date: April 01, 2017 07:06PM
To get the most, my experience is sell yourself on eBay

Re: What to do with gold and silver finds?
Posted by: 407floyd
Date: April 01, 2017 07:12PM
Jewelry stores will test the gold content and give you a percentage of the market value on gold and silver. They'll probably test for authentic stones, too.

If you want the most for your gold and silver......
Posted by: bugg
Date: April 01, 2017 08:11PM
Hang on to it for a few years. Lots of turbulent economic times coming, and that stuff will soar in value.

Re: What to do with gold and silver finds?
Posted by: mcb613
Date: April 02, 2017 06:05AM
Bugg, turbulant yes, but thats a result of the obstruction to the new commanders plan. Support the office and let the man work.
As far as the couns. I bathe the clad in nitric acid for a short time, all comebout shiny.
As fas as previous, I would list the 90 percent on the classified ads on this site.
Ask 90 percent of their value in silver and they will go quickly. Ebay and Paypal strips away a good chunk, so emdvredult is same or better.

Re: What to do with gold and silver finds?
Posted by: Trance
Date: April 02, 2017 08:39AM
Thanks for the advice. I tumbled quarters, dimes and nickels separately using aquarium gravel and dishwashing soap and they turned out ok. They're all clean but about half are discolored so I think I might try the nitric acid. Would a hardware store like Home Depot or Lowes carry it? This is where I'm at so far. Every pile of quarters and dimes is $1 and each pile of nickels it .25 cent. Working on the pennies now. That sure is a lot of holes dug.




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Re: What to do with gold and silver finds?
Posted by: timwied
Date: April 02, 2017 11:03AM
I sold some gold quite a while back, some old jewelry that had been handed down to me, I just took it to a local jewelry store by me, that advertises in buying gold. I feel they gave me a fair price. They acid tested what wasn't marked in front of me. Separated into piles of 14k, 10k etc., weighed it in front of me, and gave me 90% of spot price. Had enough silver to put in probably 3 tablespoons, rings bracelets etc. 14 bucks, One teaspoon of gold was $240!!! Haven't taken any in since the price dropped, I've dug quite a bit of silver, but not any gold except a small 14k earring. 2017 is being good to me so far, maybe this year!!!!!



Fisher F4, Garrett Pro Pinpointer Pro AT,Started Detecting December 31, 2013, Oldest 2014 - 1861 Seated Liberty Dime. 2015: 1863 & 1864 Indian Head Cents, 1 foot apart. 2016: 1700's Chinese Cash Coin & Fatty, no date, 1860-1864 Indian Head Cent, Two 52 caliber ringtail sharps Confederate Bullets, and 4 pistol balls in the same hole. Two Union Bullets, one is 58 caliber Williams Cleaner. 2017: 1863 Indian Head Cent, U.S. Civil War Waist Plate (Buckle), Sterling U.S. Collar Pin.

Re: What to do with gold and silver finds?
Posted by: mcb613
Date: April 02, 2017 11:18AM
Nitric acod is not available at HD. Jewelry supply budiness. You can make auqua regia with HD products, but very dangerous.
I bet draino would clean them too.

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Re: What to do with gold and silver finds?
Posted by: kansas_jayhawks
Date: April 02, 2017 11:22AM
Quote
Trance
Stuck inside today because it's snowing and decided to go through my finds. There are a few detector accessories on my wish list so I'm thinking about cashing in all of the newer coins and jewelry to pay for them. I'm tumbling all of the newer coins and will probably take them to my local bank but I'm not sure what the best way to go is for cashing in precious metals. I've got a few gold rings with diamonds and a bunch of silver that I've found detecting and was wondering what's the best way to cash them in? I know there are places you can mail precious metals to and they'll send you a check but I just want to make sure I get the most for my finds. Any advice would be appreciated.

Here us a thought on selling silver coins. Talk to local auctioneers and see what there experience is selling coins especially silver. I did this and made twice what I would have off eBay. I talked to another one who stayed away from coins. I put a state quarter set in that auction and got in excess of $20. Some will even waive their fee if there are enough coins to attract more buyers but not dominate the auction in volume.

Just a thought.



If you died today are you prepared for where you will find yourself tomorrow?

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Re: What to do with gold and silver finds?
Posted by: borntofli
Date: April 02, 2017 11:49AM
ARA metals in dallas will give you 97% of value of gold and silver... they will even send your stones back to you.....

Re: What to do with gold and silver finds?
Posted by: Mkus
Date: April 02, 2017 04:28PM
Quote
Trance
Thanks for the advice. I tumbled quarters, dimes and nickels separately using aquarium gravel and dishwashing soap and they turned out ok. They're all clean but about half are discolored so I think I might try the nitric acid. Would a hardware store like Home Depot or Lowes carry it? This is where I'm at so far. Every pile of quarters and dimes is $1 and each pile of nickels it .25 cent. Working on the pennies now. That sure is a lot of holes dug.
I use stainless steel shot with lime away works great!

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Re: What to do with gold and silver finds?N/T
Posted by: timwied
Date: April 02, 2017 09:46PM

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Fisher F4, Garrett Pro Pinpointer Pro AT,Started Detecting December 31, 2013, Oldest 2014 - 1861 Seated Liberty Dime. 2015: 1863 & 1864 Indian Head Cents, 1 foot apart. 2016: 1700's Chinese Cash Coin & Fatty, no date, 1860-1864 Indian Head Cent, Two 52 caliber ringtail sharps Confederate Bullets, and 4 pistol balls in the same hole. Two Union Bullets, one is 58 caliber Williams Cleaner. 2017: 1863 Indian Head Cent, U.S. Civil War Waist Plate (Buckle), Sterling U.S. Collar Pin.

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That's a good idea-also,
Posted by: vlad
Date: April 06, 2017 06:08PM
If you are a member of a coin club see about selling some at meeting where you have an auction. And often members
are wanting to buy outright. Spend a few dollars on a copy of "Photograde." The book shows each type of coin in various uncirculated conditions,
with a detailed description below. Put this together with "The Red Book of Coin Values" and you are well armed.
But be advised on Red Book values-prices reflect the highest price 'someone' [often a knuckle head] paid for a specimen in a certain condition-and it may
not be a good reflection as to true value.
Ebay is not a fair market [in buying, or using their prices for references]-it seems some people get caught up in the bidding frenzy and coins
sell for far more than they are worth (in some cases) but some folks are determined they will show other bidders who is boss.
I have always been able to beat their prices, often by big margins, at coin shows-and the bigger the show , the better.

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To restore the shiny finish to clad & nickels
Posted by: vlad
Date: April 06, 2017 06:20PM
I take enough vinegar in a cup to cover a quantity of coins, add 1/2 teaspoon of salt and get it hot in a microwave oven.
Drop the coins in & watch them-in a few minutes your cleaned coins will be (mostly) restored to a shiny finish.
Just rinse them off and let dry-you are good to go.

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