- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Question about selling scrap gold & silver?
Posted on 12/19/25 at 9:08 pm
Posted on 12/19/25 at 9:08 pm
Longtime Luker here,
Over the last few years I've been picking up and hoarding scrap gold & silver (chains, rings, bracelets, etc.). Many pieces would probably not be considered "scrap" to some, but I'm not a jewelry person so I consider them scrap...some pieces even have real diamonds...such as gold rings and one nice tennis bracelet with pretty decent size diamonds.
Anyway, I'm looking to sell off some to put towards a vehicle for my son. I have roughly 150g of 10k, 100g 14k, 7g 18k and a little over 3 pounds of sterling & .925 silver. I have never sold precocious metals, so my question is how much can one "realistically" expect to get per gram, and who is the most reputable/honest buyer locally (Greater BR area)? Any helpful information would be greatly appreciated.
Over the last few years I've been picking up and hoarding scrap gold & silver (chains, rings, bracelets, etc.). Many pieces would probably not be considered "scrap" to some, but I'm not a jewelry person so I consider them scrap...some pieces even have real diamonds...such as gold rings and one nice tennis bracelet with pretty decent size diamonds.
Anyway, I'm looking to sell off some to put towards a vehicle for my son. I have roughly 150g of 10k, 100g 14k, 7g 18k and a little over 3 pounds of sterling & .925 silver. I have never sold precocious metals, so my question is how much can one "realistically" expect to get per gram, and who is the most reputable/honest buyer locally (Greater BR area)? Any helpful information would be greatly appreciated.
This post was edited on 12/19/25 at 9:28 pm
3
Posted on 12/19/25 at 10:50 pm to Longtime_Lurker
I sold silver bars today for $2.50 under spot !!
Posted on 12/19/25 at 11:04 pm to Teauxler
Care to elaborate on your buyer? As stated, I have never sold, but If he/she is buying less $2.50 of spot, that seems very fair to me.
Posted on 12/20/25 at 5:17 pm to Teauxler
quote:
I sold silver bars today for $2.50 under spot !!
Assuming that was to a dealer, not bad. I sold some 10 oz bars for 4 back and 20 sealed tubes of Eagles for 3.5 back. I was happy with the bar deal but think I could have done better on the Eagles. However, given the current price, I was already getting 3x on my buy in plus, as these dealers are fully aware, I didn't feel like driving around all afternoon trying to make an extra $200 at best. Plus, most of the dealers are by appointment only around here so that further adds to the decision on trying to chase the best buyer.
Posted on 12/20/25 at 9:26 pm to Longtime_Lurker
It’s definitely a buyers market now.
Even more so for scrap precious metals rather than US coinage or assayed bars/ingots.
Eventually it will stabilize and sellers will get closer to melt value, the question is whether you want to wait until then.
I’ve got pounds of US silver coins that my kids won’t want to have to deal with if I died today. I’m waiting for the stabilization to get rid of them. Hopefully I beat the Grim Reaper.
If you can’t wait, Causeway Coin in Metairie would be my recommendation.
Good luck
Even more so for scrap precious metals rather than US coinage or assayed bars/ingots.
Eventually it will stabilize and sellers will get closer to melt value, the question is whether you want to wait until then.
I’ve got pounds of US silver coins that my kids won’t want to have to deal with if I died today. I’m waiting for the stabilization to get rid of them. Hopefully I beat the Grim Reaper.
If you can’t wait, Causeway Coin in Metairie would be my recommendation.
Good luck
Posted on 12/21/25 at 8:55 pm to Longtime_Lurker
Wait 4-6 weeks if you can. It appears all of the big banks really outkicked their coverage on futures Silver is finna get swole.
Thank me later.
Thank me later.
Posted on 12/21/25 at 9:16 pm to Hangit
If you’re looking to sell go direct to buyers through Facebook marketplace, eBay, etc. I sold a couple tubes of silver at $70 earlier this week really quick. If you sell on FB just set the meetup for a safe exchange zone like a police station or something. Buyers save on premiums and you don’t get ripped off by a coin shop, win-win. Will sell a few more when it hits 80
Posted on 12/21/25 at 10:07 pm to FredsGotSlacks
How many options are there?
1. Coin shop?
2. Fb marketplace?
3. Precious metal online retailers?
1. Coin shop?
2. Fb marketplace?
3. Precious metal online retailers?
Posted on 12/22/25 at 11:02 am to dstone12
quote:
1. Coin shop? 2. Fb marketplace? 3. Precious metal online retailers?
For me only number 2. Anyone that buys/sells commercially is going to fleece you on both ends so I usually try to buy/sell on eBay/FB
Posted on 12/22/25 at 11:09 am to FredsGotSlacks
so then,....how do do it safely.
How to avoid giving the internet your contact info.
Safe place to do it.
etc.
How to avoid giving the internet your contact info.
Safe place to do it.
etc.
Posted on 12/22/25 at 10:19 pm to dstone12
quote:
so then,....how do do it safely. How to avoid giving the internet your contact info. Safe place to do it. etc.
You can create an account on eBay if you’re not comfortable with in person meetups. Otherwise just create an anonymous Facebook profile and sell on marketplace and meet at the police station. I sell a ton of stuff on fb and have never had an issue
Posted on 12/23/25 at 1:08 am to Longtime_Lurker
The problem is the physical silver situation is so FUBAR that it's in backwardation (meaning the price today is more expensive than the future price) when that occurs the refiners cannot hedge so they straight up stop buying. When they stop buying the wholesalers stop buying which in turn causes the retailers to start offering below spot.
Unless you have a pressing need wait until the logjam clears and the buyers start outnumbering the sellers. When you see CNBC and the people talking about silver going nuts that's when you want to sell. I'm waiting until then to take some profits and get myself not quite as overindexed to physical metals as I am today.
Unless you have a pressing need wait until the logjam clears and the buyers start outnumbering the sellers. When you see CNBC and the people talking about silver going nuts that's when you want to sell. I'm waiting until then to take some profits and get myself not quite as overindexed to physical metals as I am today.
Posted on 12/23/25 at 7:04 am to Pimphand
quote:Whatever you do, please remember to keep yourself strong.
I'm waiting until then to take some profits and get myself not quite as overindexed to physical metals as I am today.
Posted on 12/23/25 at 10:45 am to soccerfüt
quote:
Whatever you do, please remember to keep yourself strong.
Oh for sure I'm talking max 5% and probably more like 2% ;-)
Posted on 12/23/25 at 4:39 pm to Pimphand
Page 1 of 1
Popular
Back to top
Follow TigerDroppings for LSU Football News