He Wanted To Sell Silver, I Told Him It Was Going To Be Well Under Spot
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- Опубликовано: 10 фев 2025
- This week was one many may not agree with. A guy calls the shop looking to offload a ton of silver. After talking to him about the rising price of silver and letting him know we can not pay no where near spot we try to come to an agreement. He has some nice things you don't see everyday. He also has so graded pieces that is the highest grade in coins you can get. So, if you want to see if we can come to a price hit that subscribe button and follow us along our RUclips resell journey.
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That man had a nice collection built up.
Selling your stuff can be very emotional.I like the way you made him feel at ease.
Never sell your gold and silver to a pawn shop. Sell it to a coin dealer.
They are way more than fair the coin dealers I have sold to pay way less than them under 90% of spot
@@josephcampitelli6837 No it is true don't sell your PM's to a Pawn shop it's a no brainer
He is a coin dealer same money coin dealer try the same spreads
Usually I agree. But they paid a fair price for that lot
Older crowd needs to get on point with online companies, coin and bullion stores.
I am in North Texas and have two LCS places near me. One pays spot for generic and +$2.50 for Eagles. The other smaller one buys at -$1 under spot and spot for Eagles. Both are paying 21x face for junk.
Folks just have to call around when they are selling (and buying) - Fair prices can be found on both sides.
When selling, just remember that not everyone can pay the same prices. (Some have less disposable cash, some states make them hold it for 30 days, some may already have 5k or more ounces in stock and may not want to buy more unless it is at a huge discount, some do not pay extra for the "collectable" rounds (to most dealers, silver is silver and you will never get your high premiums back on the "collectables"), and of course, some do not have direct access to a smelter so they have to buy at a large enough spread under spot to survive price swings.
(Most smelters will not buy less than 1k ounces at a time and prefer 5k or more ounces at a time. Depending on their inventory, I have seen them pay between -.50 cents under spot to +$.25 cents over spot. - Also, most smelters are not open to the public in general, but if you have 1k ounces or more, most will buy it from you even though you are not a dealer, depending on their inventory at the time.)
Dudes been stacking up! Thank you for your service Mr silver man!
to this day, I still don't understand why people take metals to a pawn shop, a sucker is born every minute
You don't understand? So who else is ready to immediately buy your metals and with very little questions and who has cash in hand, ready to deal with you?? A PAWN SHOP. What other STRANGERS can you just walk up to and tell them that you have $9k -$10k in silver you want to unload and without you getting robbed by them?? A PAWN SHOP. Everyone has their own reasons for selling their metals and far be it from me to judge anyone who does. The devil likes to judge too, by the way.
@@RealityTrailers A coin shop and a quick 20 second phone call to ask if they're buying and what they're paying.... most would pay spot or a little above depending on what the item is like silver eagles. If you're unloading $10k worth even if its a 1hour drive to get spot that's worth it! Yeah time is money but if youre selling to a pawn shop my guess is you've got nothing but time.
Like MJ Pawn, there are some pawnshops that are fair. And they don’t try to scam people, as you seen in this video they try to get as close as possible to the customers asking price. Save your negativity for a video that deserves it.
My local guy here in Boise ID is worse than this
Maybe people just need to be educated.@@RealityTrailers
Avoiding 10K+ paper work. Smart man.
Structuring to avoid a CTR is major crime and will cause way more problems than a CTR would
@@SunsetVeryLimitedYep, most people don't understand that.
That is not structuring that is simply not selling more so you need not fill out paperwork. He could have sold more, just take a check.
Another great video brother!! Love watching you an your pops make me miss my late son always cherish the time together!! Day 1 subscriber here!!
I love your video content. I love the golden and silver purchases. And they look on some peoples faces when you tell them how much the gold is worth it’s process. I love what you’re doing and helping out the community.
I absolutely love seeing other people's silver collections 💪🏼 Awesome buy bud!
Been without power few days now, had bad storms that took power out then tornadoes 🌪 following later in the day & more coming tonight.
Stay blessed anyone going through them or anything else good or bad!
Wow that sounds terrible. Best of luck and please stay safe 🙏
@PawnBrokerPickers everyone seems fine now that they're over besides huge power outage, our power services estimate over 30k people have been without power from the storms, socks bad but could always be worse ofcourse!
Thanks for your concern & reply, stay blessed & can't wait for next upload!
Always a pleasure watching these deals. Everyone seems to be happy at the end
Very clear explanation before he unpacked. He knew what was coming and why. I wish I was there to buy part of his stash.
He's happy, you're happy. All is well.
Vietnam veteran..."Thenk you for your service." The silver he brought in was impressive. Some of which I have never seen. I believe that if you trade silver for gold, you may get a better price on your silver. Good job. jack sends
Dude! You hit the jackpot with the Libertads alone! Great get. I'd come take those off your hand if I lived in Florida.
Exactly
Make sure he only charges you spot price lol
Yep! I was saying the same thing when he pulled them out. Crazy
Yep. They really underpaid that guy for those Libertads. Those things go for big money. Geez, I would have given the customer more money if he'd come to me.
Wow, nice collection purchase! Have an awesome weekend!
👀 you're everywhere 😂
Keep up the good work...
Great show...tks...
People, people, people STOP selling your bullion to pawnshops and jewelers!!!
LCS's are no better.
Stop telling people what to do! People sell where they feel comfortable.
These are tough times for everyone. Its exactly why they’re selling
😂 people people stop listening to weirdos comments like this. Do as you please...
You wanna buy some silver then ? You paying more ?
You and your dad are some of the most honest people I've seen in a long time. This is rare in these days
Now that's a Silver collection.
That’s a puny man’s stash
You have done a great job building a following. People see how fair you are, and trust you with their business.
I love those Libertads! Always make me smile.
Me too. Those and Germainia's are my fav!
You were very fair...........Thanks for another .9999 fine video guys.👍👍👍 Life is good......God Bless
Silver price is just getting started.
1600 for 50 oz thats 26.66 that's 5 bucks under spot. Wow.
Should be ashamed of himself.
Right I love how they are like it could be 30-35 an oz tmr so I gotta buy at $26, but they will be happy to add 2-4 above spot when selling. Sell in small quantities to not get robbed literally and by pawn shops
You’ve been crushing it with silver and gold this year.great purchase!
Yeah great purchase for him not so much on the resale side what he wouldn't pay anywhere near spot for believe me he'll be charging well over
like to see the open and honest silver transactions. thanks again for the transparency
Moral of the story.
Don’t sell anything to pawn shops!
Man what a deal wish I could get deals like this I would love a pawn shop and learn from Justin and his dad
Wow, what a silver collection. Nice buy!
Tiny tiny stash
Another thing to consider is most people looking for coins or PMs usually don’t shop the pawn shops versus your LCS so this means they will hold onto this product even longer than expected and will probably wind up Wholesaling it back to a PM distributor or selling it on eBay. Either way they are the most at risk.
To the nice old man: thank you for your service
My husband and I love watching your channel. Good guys making an honest living!! ❤
You bought that guy's silver for under spot and he thanked you???? Preposterous!! 😅
Right! I hate hearing how people are saying they are fair cause they're not!
@andrewkolb6309 How was it they were not fair? Was it the way they pulled the gentleman that was minding his own business into their store, kicking and screaming or how they locked the front doors and wouldn't allow him to escape until he begrudgingly accepted their disgustingly grotesque offer?
@@thingamujigger1585 you're just stupid another simp for these guys hella lame
You sound like a Karen. Don’t sell to him then. His offers were more than fair.
@@thingamujigger1585 😂😂😂
It's a thing now . Me and the family watch you after dinner. My 1 year old is recognizing you. Keep up the good videos 🎉
Around here coin shops usually offer spot or a dollar under spot. There’s one coin shop here that’ll offer over spot depending on condition and whether it’s bullion or rounds or bars. But he always offers over spot. Obviously he does plenty of business.
Pawn shops here in this military town off way under spot so I wouldn’t bother and I completely understand their point. Like MJ Pawn the other shops have to hold for 30 days and no telling how long it’s going to sit around.
I’m also just starting to build my eBay store and I’m making a profit but not any big deals yet. As long as I don’t consistently lose money I’ll keep at it. I’m learning and watching. Thank you for the eBay tips! Much appreciated!
You literally robbed this dude. Every time I’ve sold generic silver like this they pay $1 under spot or spot. Absolute thieves and then you structure the transaction.
Dude walked into a pawn shop rather than a gold/silver shop. You're ignorant if you think pawn shops pay the same price for precious metals as actual shops.
@@patrickmarshall7718 Dam, you really just believe whatever a salesman tells you. Even coin shops have to hold purchases to make sure they aren’t stolen. Metal is metal, that’s the whole point of buying this stuff. You’re ignorant for letting them play you.
I appreciate another good one. I would be lucky, and very happy to sell my gold and silver to you. You guys are extremely fair and good guys!!
Just Imagine how you'd feel knowing you hocked your silver while watching it go to the moon as they say 😵💫
Smokin deal on the silver it's on its way up
That man is going to regret selling all that silver 2 years down the road...
Good call on the silver! Price has been in an upward channel since March 26. It looks like price is going lower but the lowest in the channel currently is your buying price & the top from there is +-$32. So wait & sell only at around $32+
Great wheeling and dealing - mutual respect between you and customer - thank for your stream😊
Fair transaction. This is the nature of the business. The seller was happy, and undoubtedly, he made money on the deal. No harm. No foul.
Keep up the great content.
Fair transaction 😂😂😂😂😂
No way he made money on those graded silver eagles. You pay a huge premium on those you dont get back when you sell. Graded bullion coins are a border line scam
You guys aren't playing around that was a nice haul! An a pretty penny for a pawn shop. Its so cool to watch these type of vids with all that silver. You an pops should have no problem getting that paper back. Keep the video's coming!
That was a very nice load of silver this is for your dad I have been detecting for years and never found that much silver but I can’t go into the water my cheap machine are dirt only salt water they go nuts
Thank you for what you do and your dad
Awesome deal on the silver. I like the way you made the seller feel more comfortable and you can tell he was very nervous at the beginning. Great job as usual.
Great video. I cant believe the prices jumped up so much. I didnt realize until you said that. These videos are super knowledgeable. Thank you!
Love that the guy found good stuff detecting Myself i detect and love the hobby Cheers Canada
That's hell of a lot of silver! Nice haul. It kinda sucks you have to hold for so long before you can offload. Thanks for the video and showing how the business part works. I definitely have more of an understanding for local pawn and LCS. We all need to keep the lights on and our families fed.
Prices are crazy right now, definitely have to protect yourself financially. He had a lot of nice coins and with many of them already graded at least you don't have to pay to have it done. Thanks for another great video.
Man that wouldve been so fun looking at all his silver. I completely understand why u wouldn't want to pay spot ATM because the price just spiked big time and there was no period of time to see if it would hold or not. Smart business. I think it will pull back to $29- $30
😂😂 I’m glad you made mention of the camera lol I thought it was me lol
Wow, that was a great silver collection. Definitely at a good price. I would be interested in buying some. When you're ready to sell. Keep up the great content.
Great job they way you and your dad are so respectful to your customers keep it up.
That was a incredible buy. I just started getting some silver, from watching RUclips channels in the silver community.. Thanks for sharing . Very interesting pieces you got there.. Have a bless Memorial weekend. 🎉🇺🇸
Very good content. Looks like he was satisfied with the price. Makes sense for a pawn shop to over alittle less during these unknown periods if they cant unload it fast.
Enjoyed the short video. Gold and Silver are all over but in time it will always be higher if one is willing to wait. I understand your position for sure, turn around time is important. Thanks for sharing..
Great show to see I enjoy it. Thank you. Hope to see you anymore
Hey from Canada! Not sure how i got here, but here I am and I'm loving the content! Thanks for the content!
That was SO much Silver! Holy Cow! Justin and Mike gave the guy a fair price considering the Silver volatility. I would love to be a giveaway winner! I have been a subscriber since 2022!
Great video and Very fair in what you pay especially when you have the 30 day hold as a pawn shop
Hi Justin , you guys are the best so honest and very kind, you really do look after people, I once owned a Rolex same model that you have Justin, I have a story about a shit experience with a pawn shop and my Rolex, it really breaks my heart when I think about what happened, I just know that what happened to me would of never of happened in your shop, take care guys 🙏🏼🏴
Yep. I'm in a major city with plenty of coin shops and it seems the buy price stopped at $30. But a lot of things they pay even less. These are all shops that always paid spot. Most things will either be immediately sold to a wholesaler or straight to a smelter. Just way too much silver coming in. Nobody wants to get caught holding. Cheers!
You are extremely fair in my opinion
Oh my!!! That veteran had an amazing collection. Great buy for your shop! Awesome content. Thanks for sharing!
Nice buy, i enjoy your videos. I like to buy silver as I can. I think it’ll continue to go up in price
I appreciate the explanation why you're paying "well below spot".
Another awesome video!! You were more than fair with the deal on all that silver, and Robert was happy with it as well!!
Such BS. went into LCS and they offered spot for bullion and above spot for ASE.
Oh no! You're going to have the FBI at your door for buying under spot! 🤣 Great video!
As long as you and the seller were both happy, doesn't matter what anyone else thinks!
Thanks for the video!
Wish you all the best 🙏
❤❤❤ LOVE YOU GUYS!!
I just sold Silver for over 32.20 3 days ago in Reno Nevada at Sierra Silver & Gold Buyers 775 329 Gold I sold 16,000 dollars worth. You don't need to ever sell through a pawn shop! Fucking Rip off!
Yep. Same here in the Midwest. Same day this was uploaded.
Was thinking the same thing a coin shop would have paid over spot....this Pawn shop crap is raping people
They have to make a few bucks too, I rarely get silver at spot. There in business to make money not lose money
What a dumb comment, say it in your head first, and listen, then don’t comment
Best prices from any pawn shop in Central Florida, keep doing your thing bro!
It doesn't seem fair to pay well under spot, but in my state a pawn shop has to sit on a purchase like this for 45 days to satisfy state laws on possible theft. That puts them at a big disadvantage if the price tanks and we have all seen what can happen in just 30 days.
Great buy you did your best and he probably made some profit looks like he’s been collecting for a while plus he set the price you just agreed
You guys paid that man top dollar! I had to get rid of some silver last weekend and was offered $8.00 per Ben Franklin’s in TX. Im holding onto rest of my stack until 2040
Another great video. You have to remember this comment is coming from a die hard eagles fan. I noticed in the background that you have a cowboys helmet on the tail of a black 🐈⬛ cat. Perfect place for it. Please don't move it the season will be here soon 😅.
What an educational video on buying and selling silver!! Thank You!!
Great video. That was a really nice silver collection. A little bit of everything. You know it's good when you need a suitcase to bring it in.
That is a nice stack of silver. Both buyer and seller were satisfied so sounds like a good transaction to me.
Amazing Silver Buy ! Hopefully it will stay high enough for you to make some 💰!
Thanks again for the great content, always enjoyed 👍
That was a helluva silver purchase. Love seeing that much of the white metal in one lot 🥰…thanks for the content 🤙
The man was happy. He knew what he was doing when he came to you.
Old enough to remember the Hunt Brothers driving price of silver above $50 an ounce....people were crashing in their coins and crooks were breaking into houses looking for silver sets :-)...good to see customer and you working together.
Nice collection and he seemed happy with the deal as well.
I've always been into gold as it's looking I need to get into silver as well. Great buy guys
Great video. Hope you had a great vacation, well-deserved! I hope all your customers are as nice as that guy.
You got a killer deal on those Libertads! Blows my mind that the premium on them is so high.
Good deal for you both keep up what works for you!!
There are a crap load of shops in FL that will gladly pay spot
Some people don't understand business obviously. Enjoy watching you guys.
Another Banger Brutha I love how fair you and your dad are 🍺👍🏼🤛🏼
Even when silver spot price is high, it sure is pretty and tempting.
That guy had mad silver lol, I'd be happy to have that collection. Not a bad payout either.
Awesome video, with an amazing buy!! Congratulations and good luck to you and your dad with your business. Don't worry about the haters, you are there to make money!!!