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I Sold $5,000 in Gold and Silver Coins. THREE Tips to know before YOU Sell!

Florida Stacker 29 views

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Thank you for your military service, Florida Stacker!
Comment from : @mermeg3783

😢no insurance 🤬🥃
Comment from : @caspfornia

I'm in FL too I have tried and tried to develop a relationship with my LCS They are a-holes I won't be dealing with them when it comes time to sale I will get a better deal from the worst pawn shop in my town I'm looking at going directly to a refinery There's 1 in N FL and 1 in S GA
Comment from : @jamesrevell6475

Time to make the wife get a job 😂
Comment from : @kaynef6637

Awesome Advice!! I have been out of work for a few years due to an illness that I’m now considered disabled… before being approved for disability I have been selling a lot of my silver and now I’m a lot happier knowing that if I need to sell I have a expense coming due I can always get back what I sold and that’s why I stack and besides Scratch Offs and the lottery has never worked out for me
Comment from : @cyclonicsilver2773

good info
Comment from : @rondaudelin6042

I wish more stackers put videos like this out! brThanks for sharing!
Comment from : @acegooze9157

Great video, thank you Sir This real world example is so helpful
Comment from : @andyb8838

I would have expected to see some 10 oz and kilo bars in your sell pile Don't you stack those?
Comment from : @albing1397

400 hun / month savings is pretty good in these upside down world
Comment from : @good2goskee

It is coming for me, I will have to sell myself
Comment from : @doublejump6578

Dumb and dumber
Comment from : @macbrazzle754

better move to an apartment
Comment from : @davidbell9130

When you don't have emergency funds, you have to sell some assets
Comment from : @ellerellerek52

Cute kid asks me to subscribe? Gotta do it 😁
Comment from : @mydanshi9683

You could sell doubles of what you have if your stack is low but mostly yes low premium stuff is the best to sell You don't want to sell that high dollar numismatic silver/gold that you bought for the worst rain day or to pass on
Comment from : @Crypt0fin

It is pronounced InSUREance Not INsurance
Comment from : @tommytomtom5531

😊thanks
Comment from : @quinntheeskimooutdoors6234

Love the honesty mate, keep it up
Comment from : @soriangabi4194

Weather can be a son of a gun for sure I live in the northeast and can tell stories about flooding, blizzards, and downed trees as well My heart goes out to you Really, really want to underscore your comment about having a relationship with a lcs dealer On the buying side as well For example, yesterday with silver spot above $25, I bought 90 at 18X This was for dimes, quarters, and halves Love my guy!
Comment from : @kenneththrasher9241

Really great advice on how to think about a good exit strategy!!
Comment from : @WorldMoneyWins

$500 a month for insurance is INSANE Wow, I didn't know it was that high down therebrReally good thinking selling metal instead of using the card
Comment from : @WorldMoneyWins

First off thank you for your service 🙏 thank you for this information I never realized how nice the kangaroos look in real life those are next on the list
Comment from : @tracyoneill4200

Wife died over a year ago, I am in my early 70's and at the start of cancer treatments I have not sold any PM's yet, but I will if I need to to pay the bills that are sure to follow Thanks for the vid
Comment from : @66block84

When you sell can you ask for cash instead of getting a check?
Comment from : @noctilucent7396

0075 BTC @ 30k for future reference :)
Comment from : @QuadTap

You'll have to Move man , I am Paying about Two Thousand a Year for pretty good Insurance with a 2k Deductible , I'm not selling my savings to keep that going as it only coves about 8k in theft loss or damages
Comment from : @QuaaludeCharlie

Ian cost me $100K
Comment from : @rodgerjohnson3375

big bars like kilos are how I buy for fast selling
Comment from : @judymichaud4081

Blessings to you for the video my army friend signal Corp here ❤
Comment from : @davidnichols5785

Lower premium silver would be plain silver rounds, not Sovereign Coins
Comment from : @langjr0

I would hate to also but I am glad you are able to recover, I will be doing the same Well wasn't that the cutest goodbye
Comment from : @valeriemckay7064

Thanks for sharing 🙏
Comment from : @SilentSilver24

I've never pawned anything, has anyone here pawned their silver? Can't you buy back at least a portion at reduced cost? I guess he'd have to put up more of his stack though
Comment from : @dwardodwardo643

Isn’t that what insurance is for? Nevermind I guess I should watch 1st lol
Comment from : @kevinbounds9837

Don’t forget the fraud in the roofing industry that occurred a few years back
Comment from : @alienal8278

Thanks for the tips😊
Comment from : @GSmetals

Really great video You were open and personal, putting your income before All to know, that's what I look forward to Because I too am a veteran and looking at ways to start stacking more precious metals THANKS AGAIN 👍
Comment from : @ronniejones6398

Steven Covey felt that the first key to success was to "begin with the end in mind" Every metals purchase I've transacted was made with "the sell" in mind I don't buy anything I can't sell easily I also discuss this plainly with the metals dealers I've done business with If debating between two options, I'm known to ask: "Which one would you buy back quicker and why?" If I can't sell it later, and do so easily, I don't want it Zero percent of my stack has been in sentimental or numismatic directions I buy only lower premium - although not always the "lowest" - , and highly recognizable, well-known coins, rounds, and bars in various weights/sizes BTW, even the packaging matters I had a stack of 1/4oz gold coins that was encased in their original plastic sleeves Was thinking I'd get capsules for them until a dealer told me he'd pay me a bit more if I left 'em in the original sleeves Done (They do look so nice in capsules but hey, it's about the sell; not how it looks in the safe)
Comment from : @jaybarr3307

Sorry this happened to you, but great video
Comment from : @hc7760

Good thoughts on local coin shop I need to do that
Comment from : @gregjohnson5175

In case your wondering, 8 minutes 24 seconds That’s when he actually starts giving the tips 8 minutes 24 seconds of drivel Lol I bet his stripper name is Ambien!
Comment from : @busdriver4571

Even though your life is private, I respect the fact that you put up front and center expenses, income, and justification on how and why payoff in PMs Thank you, you've given me more incentive on my savings goals in Hawaii Another expensive place with horrendous house insurance policies!
Comment from : @cairpreliffechair832

After 4:00 minutes he still did't get to the point
Comment from : @GoodGolden

if this happen to me I'd spend my day cutting trees and keep my money, I do understand people don't have time nor want to do that ! Thanks for the video sir !
Comment from : @shujin7024

Good video
Comment from : @scottamcfarland

Don't know what others do/think But I've never sold "hold in hand" physical, I like the fact that it takes a week/some bother to actually sell it When I needed cash I sold my vaulted stuff within minutes My wealth is fully diversified, gold AND silver, physical AND vaulted I regard that as a fully diversified portfolio :) (actually I do)
Comment from : @williamwilliam5066

Useful video I only buy bullion, nothing special, still emotional attachment in a way though Will I ever have enough to indulge my desires for aesthetic pieces? Probably not in these times Happy owner of 1kg gold and 50kg of silver
Comment from : @williamwilliam5066

You are most fortunate to have the means to make the choice you did Not easy, no doubt Stay safe and blessed Keep stacking y'all
Comment from : @barjer54

Sorry to hear about your unexpected expense and sorry especially that you had to sell your silver
Comment from : @luckywinner4936

Yikes, that hurts… This video seems to be an apologetic exercise from the content creator’s viewpoint on grieving after the selling process
Comment from : @AudioNumeric

I only buy two maybe 3 collectible coins a year the rest is for weight
Comment from : @sirstacksalot991

Florida Stacker your are the 🐐!!! brbrGreetings from Ocala, Fl 🫡
Comment from : @mr_digdeeper

I took all my Englehard bars to my LCS to get it appraised to see how much I could get for them but I didn’t sell them I have seven 10 ounce bars three poured and four pressed Engelhard bars and few 1 ounce Engelhard bars too My LCS will only give spot for the pressed bars for a total of $1884 for all of them I’m kind of disappointed so be careful on what you stack before selling
Comment from : @SilverHonda0767

That is exactly why its there bro, good look I tell my wife that's what makes us our own bank, and without all the questions and limits
Comment from : @drpcustomhomes3020

I actually cashed out $9k of my silver to outright buy my truck It hurt me to my core,took me 15 yrs to even have it in me to buy any silver I've recently started back Stacking American Silver Eagles brI've still got all my premium silver, but cashed out almost all my generic bullion Stack on Silver Fam!🪙🪙🪙
Comment from : @Vonthedon757

Great video!
Comment from : @ericjurgensen9233

Buying silver or gold as an idea becomes much stronger if linked to savings generally Acquiring small amounts of a tradable metal can be more fun than watching a bank balance grow and at the same time lose value, especially in times of high inflation
Comment from : @Robertjjkessler

Smart man, great vid
Comment from : @jewlsg6378

Thank you so much FS for sharing your experience, it really helps, your example is the true meaning of the phrase self Banking, GOD Bless , Keep Stackin bro
Comment from : @bigo2032

I feel your pain Had to sell 5K worth of gold and silver a few months ago Learned my lesson about collectable pieces Only buying low premium stuff from now on
Comment from : @felixconlon7049

We all know what really happenedthe WIFE told you to sell some of that stackHAHAHAHAHAHA
Comment from : @georgegomez3983

Florida Stacker you the man! Cool story
Comment from : @thousandaireradio3199

Sorry about what happened I always recommend that people always try to sell to understand how it goes Really enjoyed the video and the tips have a great weekend my friend
Comment from : @CashAndCoinsYT

My #1 rule is to never sell under the 200 daily EMA Only sell double tops The game isnt hard , it requires discipline however
Comment from : @GoldGn111

I’ve thought it would be more prudent to ensure you have enough cash reserves for emergency before stacking This way, you will never have to sell your stackbrbrAnd how is the Gold Buffalo a low premium gold product? Wouldn’t gold bars be a better choice?
Comment from : @DuchyofCornwall

Kilo bars come in handy
Comment from : @carltannehill8307

A properly emergency fund prevents having to sell during these situations
Comment from : @AbrahamLincoln22

I don't ever get into an investment without knowing my exit strategy Glad to hear how yours went Thank you for sharing!
Comment from : @billguerra1304

Good tips!
Comment from : @weststephan5253

Last year I changed my portfolio allocation Instead of cash, gold and silver I took advantage of the summer gold dip and turned 90 of the cash into gold I’ve sold all at great profit and still have 40 left Silver is so depressed I don’t a point in selling any Gold is it for me, looking forward to another summer dip 😂🎉
Comment from : @borisperez3129

Great update Btw, in your opinion when it comes to buying a 10oz bar this week during the dip, would you pick a Nadir 10 ounce bar from Turkey for 250 or a germania mint 252 or Asahi 255 or the silver Pamp suisse 261 or the Royal mint Britannia 263 or the RMC Canadian bar 266?
Comment from : @Eli-qr9hc

Sad to hear you had to liquidate some silver for the unexpected expenses, thanks for sharing the experience If I had to sell something (which might be very soon) I would sell my silver Krugerrands, to offload those milk spotty ounces
Comment from : @loboplateadostacker

Things will continue to get more expensive
Comment from : @Jeffrey-p6l

Good stuff Flo! I did the same last year for some land Glad I had some silver laying around
Comment from : @SilverBritches

Great video!brSorry about the 🌲 Trees & Fence That Just Sucks! But I couldn’t agree more on what kind of metals to sell Hell, I had a hard enough time turning some my silver into Gold Lol brStay Strong 💪
Comment from : @montanastacker

I appreciate the transparency and honesty in this video The content creator openly shares their personal experience of selling gold and silver coins, including both the successes and challenges It's refreshing to see someone genuinely interested in helping others navigate the process and avoid common pitfalls These tips are definitely worth considering before embarking on a coin selling journey
Comment from : @fortunaterbush8607

A perfect example of why we stack Great video!
Comment from : @inkelvin

Thank you for your service I've had to sell some of my stack just to pay bills I'm glad I had it to sell thanks to videos like yours I started stacking a couple of years ago
Comment from : @davidcallaway7388

Not much chance of forming a relationship with my "local" coin shop, considering the closest one is 120 miles away
Comment from : @IHateThisHandleSystem

I should go to a local coin shop soon and build a rapport with them so it'll be easy to liquidate my stack when the time comes
Comment from : @AlexTheULF

Sorry man that chain of events sucks But happy you had the assets to protect yourself Thanks for making this video So many videos out there about endless buying Nice to see the flip side of the coin Thanks for having the honesty to put this out Good luck in the future
Comment from : @JamesJohnson-sl3ui

I'm sorry you and your family had to go through thatbrI had a tree fall on my previous house, not fun
Comment from : @bullionaddict9164

how much per oz did you get?
Comment from : @trevordowney6425

Sucks you had to sell, but that’s why we stack Great video, good knowledge shared
Comment from : @Climb_Trees

A ten minute visit to your local coin store was a good transaction to get your stack savings back into cash Sorry to hear about the tree setback but glad to hear the stack worked
Comment from : @SilverHeist

A great life lessonbrI only buy decent used vehicles brI Save to buy silver on Dips Stuff always happens! Cheers
Comment from : @davemi00

Sorry as anything for your loss I know it hurt bad we have really had some wicked weather down here but importantly yall are okay ❤
Comment from : @ronaldhall2489

Thanks for sharing
Comment from : @JRJStacks

The question is, would you have been better off putting the USDollars into a bank account, instead of buying silver Not paying the premium when you bought the silver, and not paying the penalty when you sold the silver?
Comment from : @tazanteflight8670