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 Replies: 16 / Views: 3,500 |
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Pillar of the Community
United Kingdom
1686 Posts |
If you saying this is what they are offering to buy 90% silver coins for, then I think it is a bit low. Estimate that is around 82% of melt value assuming ailwer is at $47.58 per ounce.
So more information is needed.
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Pillar of the Community
United States
511 Posts |
If you're selling, that's a lousy offer. I buy and sell silver on a small scale, and I'll pay at least 32x face at this time.
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Moderator
  United States
56855 Posts |
Fixed the title, sorry. John1  |
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Pillar of the Community
United States
3540 Posts |
Not bad really. 90% silver at spot is almost 34x face value. 6x split is a little tought...they are making $3 per 50 cent piece...so...that is a little bit too hight of a split.
Should be in the 29-30x face buy price. Silver is up a touch again today.
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Valued Member
United States
314 Posts |
I would not sell for that, To me, that's a lowball offer.
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Pillar of the Community
1283 Posts |
Hell I'll give you 30X face. LOL but really I will.
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Pillar of the Community
United States
651 Posts |
Over the weekend, 90% was being bought at $30.90 per dollar face.
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Pillar of the Community
United States
721 Posts |
My coin store was also buying at 28x and was not selling. I was just asking, but I thought it was a bit low.
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Valued Member
United States
277 Posts |
It is very low IMO, silver is going to keep going up. Hold out for a better offer
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Valued Member
United States
172 Posts |
 If your buying silver at 28x face GO FOR IT haha I can't find anyone uner 30x face.....but selling your silver at 28x face is nutz everyone I've talked to is 32x face and above |
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Bedrock of the Community
United States
11951 Posts |
The local shop I go to is buying at 30X face.
One thing to consider, not all shops are the same. Some sell all the items they
bring in right at the same location.
They may have to hold on to the coins for days or weeks before can re-sell.
I know it does not seem like it is going to happen anytime soon but if prices
take a dip they could get caught with a lot of coins they paid to much for.
Other shops may send/sell the coins they take in to bigger bullion dealers.
Sending coins out will be more cost, shipping and insurance.
I think 29 or 30 times face is a fair price for a coin shop to be buying
silver coins right now .. at today's melt price.
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Pillar of the Community
United States
3184 Posts |
Guys, that is a low offer. This person could sell it to APMEX and get 32-33x per face value!! There are people paying spot on local craigslist as well! |
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Pillar of the Community
 United States
2448 Posts |
You need to look at the AMPEX silver post. They're paying a premium.
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Bedrock of the Community
United States
11951 Posts |
I thought John1 was talking "coin shop"
Did not see where he was talking about AMPEX or craigslist.
I was just responding as to what to expect at a coin shop.
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Bedrock of the Community
United States
12437 Posts |
Quote:This person could sell it to APMEX and get 32-33x per face value! Not quite. As of 4/25 after market close, APMEX has their buy price listed at 31.5x face but that is for $1000 face($31,524.35 to be exact) and lesser amounts would have a lower buy price. You also have to add in the shipping to APMEX which could be upwards of $20 or more with insured Registered Mail. Edited by biokemist6
04/25/2011 11:30 pm
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Replies: 16 / Views: 3,500 |
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First Page
Posted 04/25/2011 3:32 pm
