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 Replies: 35 / Views: 15,666 |
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Pillar of the Community
 United States
8938 Posts |
I dunno. The other day I was successfully selling 90% halves at 12.50 each. Premiums are still up
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Pillar of the Community
 Canada
5394 Posts |
We are easily getting USD 25 to 26 for Maples .
Still difficult to acquire physical ! Our wholesaler
is short and deliveries are 6 to 7 weeks .
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Valued Member
United States
419 Posts |
I much prefer older silver real coins over modern 1 oz. bullion pieces. Foreign coins often sell for just a small premium over melt. I have a few rolls ($10 face) of circulated Walking Liberty halves that I would sell for $200 each. |
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Pillar of the Community
United States
2637 Posts |
Quote:
I much prefer older silver real coins over modern 1 oz. bullion pieces LCS has about 6 ounces ASW of Egyptian 10 and 5 piastres (1916/7 and late 30s) and 1970 pounds that they are selling me at spot. |
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Valued Member
United States
419 Posts |
Quote:
LCS has about 6 ounces ASW of Egyptian 10 and 5 piastres (1916/7 and late 30s) and 1970 pounds that they are selling me at spot. I didn't know what LCS was so I googled it. Local Coin Swap is the first thing that came up. Oooo - a new coin place - I'm all ready to dive in. Turns out they deal in Bit Coins!! I know zip about "crypto" currency and ain't to fond of fiat paper money. Gives me them thar gold doubloons and pieces o' eight any day. LCS = local coin shop ? |
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Pillar of the Community
United States
533 Posts |
I just paid $4 over spot ($17.29) for about 360 eagles. Seems a little pricey but the way they are printing that paper stuff I don't see prices dropping anytime soon
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Pillar of the Community
United States
4333 Posts |
Quote:
I just paid $4 over spot ($17.29) for about 360 eagles. Seems a little pricey but the way they are printing that paper stuff I don't see prices dropping anytime soon Considering that the average premium in that quantity is $7, (popular online vendors) your deal wasn't pricey, but a steal! When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
533 Posts |
"LCS = local coin shop ?" = yes local coin store
"Considering that the average premium in that quantity is $7, (popular online vendors) your deal wasn't pricey, but a steal!"
:)
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Pillar of the Community
United States
3843 Posts |
Are premiums starting to drop now? Saw some silver 1 ounce bars at an estate auction sell for $20 a piece yesterday.
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Pillar of the Community
Canada
2019 Posts |
As long as the demand is high, Premiums wont drop much if at all.
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Valued Member
United States
314 Posts |
I really enjoy rooting around at estate sales but they are on hold for the meanwhile. Very much like estate auctions, their job is to CLEAR stuff out so they are probably only a small indication of what the general premium might be.
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Pillar of the Community
Canada
2019 Posts |
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their job is to CLEAR stuff out so they are probably only a small indication of what the general premium might be. Ya I agree with that. Estate auctions are not a good indicator of PM premiums. Grab them if you can afford it, just be careful though... fake gold and silver is everywhere... you might just end up with a load of Chinese fake garbage. |
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Valued Member
United States
314 Posts |
It takes 2 things to keep premiums high. Right now demand is high and supply is temporarily restricted. The supply chain of mine to mint to dealer to consumer is disrupted. That will soon be back to normal and premiums will settle down.
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Pillar of the Community
United States
3843 Posts |
Quote:
Grab them if you can afford it, just be careful though... fake gold and silver is everywhere... you might just end up with a load of Chinese fake garbage. That is exactly why I didn't bid. Only try to buy from reputable sources and an estate auction is a good place to get burned if you don't know what you are buying. |
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Valued Member
United States
314 Posts |
Would a simple ping test be definitive on a Morgan silver dollar? Here's a strange thing that I came across by accident several months ago. I was getting a hat in the Garment District and I was being lead up the factory stairwell to the third floor. On the second floor was a metal chair and on it was a sheet of maybe 10 Morgan dollars. Took a quick glance and they looked OK but no one would leave real ones just lying around so I figured they were fake. |
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Posted 06/18/2020 2:50 pm
