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So I just got 5 ounces of silver for free

Mayor Qumiby

By Mayor Qumiby,
in Huddle Lounge

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Mayor Qumiby Collaborator

Mayor Qumiby

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Posted

My question is what to do with it. Im thinking about selling it but can't really find anyone local ( haven't looked that hard) to give me a good price for it.

Or i was thinking of holding on to it.. anyone here know about the gold/ silver market ?? If so, is silver at a high and should i sell or is it low and should i hang on to it for awhile??

And if I should sell can anyone point me in the direction of someone to sell it to? ?

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charlotte49er Newbie

charlotte49er

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Is it in coins? What you get for it, depends on the form that the silver is in and it's pority. Regular coin silver is 90% silver. Sterling Silver is 92.5% silver. Of course then there's commerative coins & Bullion that can be as high as .995-.999% Silver.

If it's silver ore, rare, but you can get it, then it's something less than coin purity.

So what form the Silver is in, will determine it's value.

DO NOT TAKE IT TO A PAWN SHOP OR ONE OF THOSE, "We buy......." places. They are a rip off.

According to Kitco, Silver closed today for $28.33/oz.

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