Now is the time to sell ungraded coin. Photo from Fox Valley Coins.

This week, when I took Joshua to a coin store to look around, I couldn’t believe my eyes. There must have been six or eight employees working behind the counter plus twenty-five or thirty customers. I asked to speak to the manager. An extremely nice gentleman approached me and asked how he could help. “Is it okay to keep my little dog Bella with me if I hold her,” I asked him. He didn’t have a problem with that, and I was relieved she wouldn’t have to spend the hour in the car while Josh and I looked around. But what I really wanted to know was what all these people were doing here. He told me they were all either buying for their collection or selling their silver or gold. Just to give you an idea of the bedlam in the store, there were three people behind the counter just separating the coins that had no value to collectors and would be sold just for their metal content and then, there was a line waiting for their services.

Let me state this again: This is the time to sell your silver. With oil going through the roof, silver can’t break out. It peaked at about $20 plus and now has settled in a trough between $16 and $18. This is when the value of silver should be setting the world on fire, but it isn’t. Sell, Sell, Sell ungraded silver. I am betting my reputation on this.

I did gain a different perspective on collectible grade coins while I was there. This movement in the price of metal might have been what the market needed to attract new collectors in the coin market. If this is true, then investment coins may be something worth looking into. Remember that the rare and unusual coins will be the ones that can make you the money, not the coins that aren’t worth grading. Gold coins with low mintage are the coins I would recommend. If you are able to find them ungraded but in fine condition, there might be the opportunity to profit from the grading. This means sending them of to a company that will grade each coin against one that is in mint or proof condition. This is exactly what our member, Cecil, did and it proved to be the treasure that took him several steps in his race to the million dollars. However, you might remember he incurred the theft at the mall where he was displaying some of his coins, and this was a small set back for him. Be safe when you are dealing in rare coins, and it is best if you are a little secretive as well. I know that doesn’t sound like me, but in this case, it is better to be safe than sorry.

On another note, I was thinking back just eight months ago to when we were just beginning to formulate the plans for what is becoming one of the most successful clubs around, and I am astonished. Daily, I am getting calls from all across the country, and people are starting to realize just what being a member of the 31 Club can mean to them.

Today one of our members wanted to know how to sell some Indian Katina’s, and while we where talking, he mentioned several other items that he might sell. Hopefully, we can help him and also save him money in the process. Another gentleman wanted to talk about some items that were coming up for bid at auction and about what price would be good to buy them at if he had the opportunity. Another member called wanting to know whether a piece was a print or a painting, and I had the pleasure to explain to her how one could tell the difference.

Your calls bring me great satisfaction. When the idea of the club started, it was about giving back for what God has given me. I believe this is being accomplished, and so does our staff. We are growing, and I am so thankful. It couldn’t have happened without you. Please be patient with the reconstruction of the site, because as I see what Jeremy and Cindy are doing, I know that it is all going to be worth it.

Don’t just follow the daily Blog. Join with like-minded 31 Club Members and put a turbo charge on your treasure hunting skills. Get FREE Mentoring. Learn Inside the Industry Secrets. Learn to make high profits and continue to grow your money buying and selling antiques, fine art, and collectibles. My 220 page book, 31 Steps to Your Millions in Antiques & Collectibles is FREE with your membership. The book is also available on Amazon.com. If you buy the book on Amazon, then the membership is FREE.

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I’m back from Christmas in Kentucky, and upon my return, Cindy informed me that my recent story on selling your ungraded silver coins now, extracted right here from this blog, got more than 15 times the usual amount of hits. And the news distribution companies had people calling them upset that the story was run. I had to think about this, and in the process, asked myself why? Through this I learned a very important lesson.

When I write about buying items, most of you probably say, “That’s nice.” There are a lot of things to buy on the market. Then, you thank me for sharing some of the special ones with you. No one gets upset because I suggest things to buy. But when I suggested selling something, like I did the ungraded silver coin, I opened up a hornet’s nest.

Aside from my dealing in antiques and fine arts, I have been in the investment business for over forty-five years now, and I have seen plenty of markets go up and down. But to those whose livlihood comes from promoting certain items, there is never a time for Joe Consumer to sell. One of my favorite sayings in the stock market is, “Bulls make money, Bears make money but Pigs go broke.” This is also true in the Antique business as well.

As a youngster, I could have made a pretty penny if I had owned a mint Model A Ford. In fact, it might have brought $35,000 or more then. There are still those who are holding onto their Model A’s, waiting for the time that they will bring $100,000. But if I had suggested they should sell their car at the lower price and use the funds for something else, I would have been threatened with my very life. And guess what? I can buy that same car today for less than $20,000.

Let’s take it a step further. I have seen Royal Doulton stoneware decorated buy Hannah Barlow sell for $5,000 to $15,000. Today I could buy them for $2,000 to $5,000.

Speaking to you about the things to buy is very rewardingfor me, but perhaps the best service I will offer you is suggesting when it’s time to sell.

I received many emails from people that were angry with me for writing that article and angry at the news distribution companies who posted it. There are also many people who make a lot of money when things go up, but if the prices turns down, the game is over for them. I’m talking silver here. Even if the price for silver goes a little higher, who cares? Now is the time to sell, because there is greater value to be found for your money now than presently keeping it in silver. I guess I’ve just said it again. This is just a industrial metal that has reached a level where it should be sold, and if some have a difference of opinion than me, so be it. I will never be angry with them for their views. When I find people who get so upset when their opinion is challenged, it is usually because they are trying to protect their own position, and it has nothing to do with helping others.

However, I will never shy away from sharing with you my opinions about the trends and on which side of them you I believe is wise to be on. In my humble opinion, this is the time to sell silver, and if some of the holders of this commodity metal get upset by my saying so, then it even makes me more sure that I’m on the right side of the trend. Well, I guess I’ve just gone and said to sell a third time now.

I sold my Royal Doulton collection at the top of the market, and I could buy the entire collection back today at twenty five cents on the dollar. The same with my porcelain dog collection and coin collection. Believe me, I don’t miss them, and wouldn’t even consider buying them back except perhaps the Doulton, because that market might have bottomed out, as I have written about before.

I can take the heat for you if it is the right thing to do, and selling ungraded silver coins now is the right thing to do.

Discover how our book can be the tool that helps you become financially free simply buying and selling antiques, collectibles and fine art.

Be sure to visit our web site for more information about how you can join the 31 Club Wealth Building and start your own race to your millions! Read more about The Million Dollar Challenge.

If you haven’t yet had a chance to see what we’ve got listed in the 31 Gallery & Marketplace, click on over and take a look. You might even find a real bargain. We’ve got many high quality items priced reasonably. If you have a high quality piece you’d like us to find a buyer for, why not consign your item to us. No high fees when you sell with us. Contact us here.

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