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Silver price going down?

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United States
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 Posted 08/10/2012  09:18 am Show Profile Bookmark this topic Add brbpab94 to your friends list Get a Link to this Message

Whats the most you would spend on silver coins for 1 dollar face value 1964 and older?

Moved to Bullion forum - Sap

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 Posted 08/10/2012  10:03 am  Show Profile Bookmark this reply Add swrbxxx to your friends list Get a Link to this Reply
Most I would pay is spot
I seem to always buy at 90% of spot
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 Posted 08/10/2012  11:41 am  Show Profile Bookmark this reply Add coinwatch to your friends list Get a Link to this Reply
Buying 1964 and earlier 90% junk silver coinage is all about the actually silver weight contained in the coin and the current spot price of silver. Obviously, the "right" price to pay is going to change constantly. Fortunately the calculations are fairly straight forward.

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 Posted 08/10/2012  12:56 pm  Show Profile Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply
I wouldn't pay more than the going rate for a 1oz round + premium.

Often I find that a generic round + premium is a better deal per oz than 90%.
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 Posted 08/10/2012  1:14 pm  Show Profile Check barryg's eBay Listings Bookmark this reply Add barryg to your friends list Get a Link to this Reply
Since I'm primarily a coin collector and not a silver stacker, it would depend on the quality of the coins. I have paid well over spot value for pre-1964 coins in AU-BU condition. If we're talking about "junk" silver, though, I try to get a close to spot a possible.
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 Posted 08/10/2012  2:16 pm  Show Profile Check jleveille's eBay Listings Bookmark this reply Add jleveille to your friends list Get a Link to this Reply
My dealer charges 80% of spot for halves and smaller. About 90% for common dollars.
"Opportunity is missed by most people because it is dressed in overalls and looks like work."

-Thomas Edison
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 Posted 08/10/2012  2:26 pm  Show Profile Bookmark this reply Add OneBowl to your friends list Get a Link to this Reply
80% of spot for halfs and $19.56 at the moment for common dollars?
Buy em all.

To the OP, 20x face value for 90% would be a decent price target today. Inventory on 90% is down, so anything below 20x is a great deal these days.
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 Posted 08/10/2012  2:59 pm  Show Profile Bookmark this reply Add Namachieli to your friends list Get a Link to this Reply

Quote:
80% of spot for halfs and $19.56 at the moment for common dollars?
Buy em all.


Seriously. Buy everything he has, I would.

If nothing else flip it and buy for keeps with the profit.
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114 Posts
 Posted 08/10/2012  4:14 pm  Show Profile Bookmark this reply Add brbpab94 to your friends list Get a Link to this Reply
How about boilion per ounce
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 Posted 08/10/2012  5:21 pm  Show Profile Check jleveille's eBay Listings Bookmark this reply Add jleveille to your friends list Get a Link to this Reply

Quote:
80% of spot for halfs and $19.56 at the moment for common dollars?
Buy em all.


I should have added per $1 face, so at $28 spot halves are $22.40 for 2 and common dollars are $25.20 He never has many of these.

I normally but 10-20 face each week.
"Opportunity is missed by most people because it is dressed in overalls and looks like work."

-Thomas Edison
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 Posted 08/10/2012  8:53 pm  Show Profile Bookmark this reply Add brbpab94 to your friends list Get a Link to this Reply
are the halves the same as dimes and quarters
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 Posted 08/10/2012  9:15 pm  Show Profile Bookmark this reply Add throwbackid to your friends list Get a Link to this Reply
20X right now is about the going rate. If you really can get silver dollars anywhere near spot that is a true "no-brainer" an easy eBay flip.
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 Posted 08/10/2012  11:17 pm  Show Profile Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
are the halves the same as dimes and quarters

Yes, they all have the same ratio of silver weight to face value... unlike silver dollars... dimes have 0.07234 oz. of silver, quarters have 0.1808 oz. of silver, and halves have 0.3616 oz. of silver. Dollars have 0.7734 oz. of silver and not the 0.7232 oz. that one would expect from their face values.
Valued Member
United States
114 Posts
 Posted 08/12/2012  5:36 pm  Show Profile Bookmark this reply Add brbpab94 to your friends list Get a Link to this Reply
Is anyone expecting silver to go up?


Thanks for all the input so far.
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 Posted 08/12/2012  6:58 pm  Show Profile Check traevin's eBay Listings Bookmark this reply Add traevin to your friends list Get a Link to this Reply
brb,

As you might know, summer is considered the doldrums for silver. Typically, the price does move upwards in the autumn. Will it happen this year? With everyone's attention focused on the election and the economy- which is still sputtering- my guess is no major movement, unless it's downward. But then again, I always hope silver prices fall; ergo, my opinion will always be colored by my own built-in bias.
If you haven't noticed by now, I don't proofread veery well and I apollogize profusely. (;>D
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 Posted 08/14/2012  6:59 pm  Show Profile Bookmark this reply Add Ed_B to your friends list Get a Link to this Reply

Quote:
Is anyone expecting silver to go up?

Yes, practically all silver buyers are expecting silver to rise in price. The killer part is that none of us knows WHEN.

What we do know is that:

1) silver ores are declining in ozs. per ton
2) the cost of producing silver is rising, mostly due to higher fuel prices
3) European, UK, US, and Japanese governments have spent WAY more than they
can repay
4) fiat currencies have been and continue to be printed in increasing quantities
5) because of (4), the value of those fiat notes is declining

I suggest that what we know are sufficient reasons for trading fiat paper for silver and gold.

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