So I just came back from a couple of places to sell some silver coins I had bought years ago from Midas Resources (as advertised on Alex Jones). Some funny things I've noticed. First, I didn't get even close in metal value to what the market price is and the market price is higher than it was then.

First rule - don't ever buy anything advertised on Alex Jones.

a berkey water filter probably isn't bad (it's coming from infowars so it may very well be a scam), but it's also probably no better than a much cheaper water filter like Britta or something.

Market price is what it's traded at, of course you won't get that retail. Same with FOREX or anything else.

You need ID because of all the thieves wanting to sell what they've stolen. Look at your local laws for pawn shops and even scrap metal merchants, they're probably the same.

I am sure you would be thrilled if someone stolen your coins, strolled around the corner and got cash for them without a trace.

People buy silver and gold from television ads and when the time comes to sell that gold, who's going to trust them as real, solid precious metal? The guys from Argentina's collapse explained that in hard times, buyers will only pay junk gold prices even if your coin is a US Treasury minted coin. So... buy cheap gold, not the good .999 proof stuff

Buddy, gold "collector's" coins peddled by the likes of Alex Jones and Glenn Beck are a scam. Alex Jones is a complete snake oil salesman charlatan. Hell, did we already forget Beck being caught in his scam? It doesn't matter if some 1933 eagle gold coin was the hottest thinkfor collectors when you purchased your marked up pieces under the assurance that gold never goes down in the long run. You purchased a collectable piece. The ideal for collectors changes. Quite often. You might as well by some Alex Jones endorsed baseball cards. It's pretty much the same idea. If you want invest in precious metals, invest in them on the markets. But, i ask you to consider two things when throwing your hard earned money into gold as a way to protect yourself from the economic sky that you believe is falling, 1) Is the person trying to sell you gold to protect you from the collapsing economy also the same person telling you that the economy is collapsing? and 2) If the economy does collapse into ruin, can you eat and drink that g

So, why do you care if you aren't making a good return on it as long as it's a return that would be enough to adequately provide you with some capital when needed?

What is so strange about it?

You wrote a post about how you bought some gold coins off of infowars and when you tried to sell them you were unable to find someone to purchase them at a price satisfactory to whqt you thought you should be getting.Your title even highly suggests you think investing in precious metals is a scam. Myself and others alerted you to the fact that these gold coins being hawked to listeners of right wing radio hosts were pretty often, if not always, scams. I even went further to say that if someone trying to sell you something to protect yourself from the sky falling is the same person trying to convince you that the sky is falling, be wary! You replied that you didn't buy the coins to invest, but as safety in case a "grid down" aka "the sky is falling" situation happened and you only wanted what would be adequate in that situation. I asked why you would care if you couldn't get current market value then if what you were offered was adequate for a "grid down" situation. And now we are here so I ask, how did I distort what you are saying?

calm down, chief. The fact that you started off your post going on about not getting market rate made me think that was a large reason for your post. My bad that I didn't realize your real post was about buyers wanted your contact info before buying, out of good faith, some coins you have most likely never had tested for purity. I didn't realize in that situation it made the consumer a fascist. My apologies. You know what, friend, you go buy whatever Jones tells you to buy. Someone will be very happy with the sale.

lolz, "I've got something to sell and you better buy it no questions asked and without needing any knowledge of who I am that's trying trying to sell it to you. If you don't like it you are a fascist!" You don't get it that you were the person selling something and the buyers are trying to protect themselves, do you? Smh, smart shopping and buyer protection: next level fascism.

Why? What is fascist about a consumer wanting information on some random stranger walking in off tne street trying to sell them something?

I don't know what you do for a living, but at any company I have worked at that purchases goods from suppliers, you better believe we know damn well who exactly they are for our consumer protection. I never realized that was a form of fascism. You do you, though, Gordie. You insist on only purchasing from nameless, unidentifiable entities to fight fascism...

Well, apparently they have their reasons to not simply do it that way and as the consumer it is their right. Deal with it. If you don't like it find someone who is willing to blindly buy silver coins off you. It has nothing to do with fascism, though.

I apologize. I guess I never realized that the consumer's right to know who is selling them something and being able choose the merchant they want to purchase from was fascism. TIL...

haha, what a Canadian way to end a disagreemwnt.

I thought ebay coin sales were near market. I own some of that silver ETF and it hasn't done shit in the last few years.

Just curious, could you say what percent lower the sale price was compared to market price (ballpark)?

The point to buy silver coins is to trade them for stuff if SHTF. Or trading for a new currency after things start to reorganize.

You should check out /r/coins for advice. Selling to a private individual will normally get you a better price, because coin dealers will always have a margin.

I don't know what type of coins they were, but anyone thinking of buying coins should go for bullion coins (ie no numismatic premium) and avoid coins from private mints.

Coin shows are a good bet. I’ve never had any issue selling without ID.

haha, what a Canadian way to end a disagreemwnt.