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 Replies: 17 / Views: 4,016 |
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Pillar of the Community
United States
4868 Posts |
Seems a lot of the major online silver retailers are out of stock on most silver bullion items...JM Bullion, Provident Metals, etc.
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Valued Member
United States
274 Posts |
On this case "out of stock" may just mean that they are waiting for the markets to reopen to see how they should price it.
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Pillar of the Community
 United States
2843 Posts |
What exactly do you have? I sell silver locally and I get much more than melt -8%.
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Pillar of the Community
United States
4692 Posts |
When silver ran up to $50/oz years ago, I had a hard time finding a channel to sell off the bullion. This is a different dynamic, it's been known that paper silver supply far exceeds physical supply, but this imbalance had not been exploited....if this lever is pulled things may go nuts.
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Pillar of the Community
United States
4868 Posts |
ebay prices have jumped quite a bit over spot.
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Pillar of the Community
United States
4333 Posts |
I'm seeing several sell offers of $100/oz. ea. for .999 rounds on Craigslist.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Valued Member
United States
271 Posts |
What I see in the marketplace is great interest in silver stocks but not so much action by mining companies to increase production. So, the run up this week seems to be with stock prices and physical silver already out there. That could mean a "sugar high" like we saw about 8-10 years ago before the price settled to the mid teens where it belonged. If mining / smelting / molding operations are flat then prices should stay inflated because supply will not increase proportionately. Junk silver prices are up a bit, too.
Interesting times and probably good for sellers in the short run.
For what it's worth.
Stay well,
Diy89Nurm7
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Pillar of the Community
United States
4333 Posts |
'Rocketing' to thirty! A 'tremendous' free fall back to $27 lol.
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
2637 Posts |
You may laugh, but try buying any pre-65 for less than 28x.
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Pillar of the Community
United States
3343 Posts |
Hmmmmmm.....where did those silver day traders go......
"Two minutes ago I would have sold my chances for a tired dime." Fred Astaire
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Rest in Peace
United States
18456 Posts |
Silver is out performing Gold , go figure . Fine by me . No Gold in my collection .  |
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Moderator
 United States
188560 Posts |
Quote:
Silver is out performing Gold, go figure. Fine by me. No Gold in my collection.   |
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Moderator
United States
15433 Posts |
So, what is the best way for a seller to advantage of this crazy market with pre-65 USA 90% silver to sell?
I have maybe $40 face of such coins that I would readily sell at current prices - if there were a ready market for actual 90% silver coins.
28x would do it for me for sure.
Thoughts?
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Pillar of the Community
Canada
3733 Posts |
sell it here on the forum..
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Pillar of the Community
United States
669 Posts |
I had 6 proof silver eagles listed on ebay for what was a premium a month ago. They were duplicate years already accounted for in the collection I otherwise have no use for; but was in no rush to sell. 4 sold this week. Edited by mrpapageorgio
02/05/2021 2:30 pm
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Replies: 17 / Views: 4,016 |
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First Page
Posted 01/31/2021 1:49 pm
