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Re: Silver to Gold

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Posted by Coulport on June 17, 2010 at 08:18:21:

In Reply to: Silver to Gold posted by Tom on June 16, 2010 at 22:52:47:

: I would like to trade 90% silver US coins for gold coins at market rates. If gold = $1200/oz and silver = $20/oz; then, gold/silver ratio = 1200/20 = 61 oz of silver = 1 ounce gold. How can I do this safely?

Safely? Probably not on Craig's List.
I doubt you can find anyone willing to trade junk silver for gold.
You could take it to a coin dealer and he will buy your junk silver at wholesale and sell you gold at retail. That is how they operate 'at market rates'.

btw, your ratio is off a touch.

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: : I would like to trade 90% silver US coins for gold coins at market rates. If gold = $1200/oz and silver = $20/oz; then, gold/silver ratio = 1200/20 = 61 oz of silver = 1 ounce gold. How can I do this safely?

: Safely? Probably not on Craig's List.
: I doubt you can find anyone willing to trade junk silver for gold.
: You could take it to a coin dealer and he will buy your junk silver at wholesale and sell you gold at retail. That is how they operate 'at market rates'.

: btw, your ratio is off a touch.



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