Silver Dips Below $30

What the _____?

Goldmart raised their premium in selling silver to 90¢ per ounce over spot on bag of silver.

Whoops... sarcasm alert! WHOOP! WHOOP! WHOOP!

I would think the premiums would decrease once silver goes and stays below about 25/oz. That's pretty much what my local dealer has said.

Anything's possible. In my experience, premiums tend to go up as soon as prices start to drop in order to protect the dealers' investment (and, conversely, tend to go down when prices start to rise). But there certainly could be other factors involved.

My dealer said demand has been slowing down for a while now and that the price has see sawed so much that demand goes out the window when there are dramatic increases as people are now trained to expect dramatic decreases.

Any Roosevelt, including 49s; melt. Most Franklins at melt, and even the "keys" at melt if you look around enough. XF and lower WLH at melt, including obv mm, though 1920 and earlier you are looking at grades of vf and lower for melt. Mercs of all years and mms other than the big three at melt for fine or lower. And if from a bullion dealer then it doesn't' matter at all what grade they are.

Some of the keys are coming down in price. I deal with one dealer that has so many 38d Walkers he is asking 80 percent of grey sheet. Same with 21 Peace dollars; 21 and 21d mercs, 26s mercs; lower grade 19 and 21 Walkers. Most slqs in lower grades are at melt including 26d's. Most Washingtons are at melt, with a small premium for MS, but even the keys around here are decreasing in value.

After so long a period of scrapping, there have been a lot of difficult coins brought out of closets and drawers; depressing prices!

Wow, is this the Mother of All Threads or what?