Junk Silver Prices Thread - Report In Here

LCS had some quarters walk in the door. Picked up a few at 13x.

Just got a bit today from the LCS. 16X face. Not sure how much I'm going to continue purchasing at these levels, volatility.

My stacking has slowed to a trickle, if I can get junk at $3.00 over melt will do so but not seeing much. Have limited stacking to 10 ounces monthly once spot hit $20.00 +
Was offered 40 90% silver dollar modern commeratives bustouts in March for $14.00 each.Though spot was at around $14.00 an ounce,my LCS sources were out of quarters, dimes, half's so hesitently bought them along with 20 VF Peace dollars priced at $18.00 each.
Next day decided to go back and buy all of the commems and another roll of Peace dollars - told me he had sold everything day before. He had sold all 420 peace and his last 80 commems within 3 hours after I bought mine.
Pretty much all junk silver around here now is $5.00 over spot.

I've not seem this thread before and I haven't read all the way through it, however the premiums that silver and gold coins trade at has been an interest of mine for more than 40 years - it was an academic interest of one of my college professors.

It's very difficult to compare premiums over time by saying 12 (or other numbers) X face because most importantly bullion values change frequently and less importantly, there might be a different factor for large denominations against small, or types, or periods. For example, I would expect a larger premium for junk Seated halves as against junk Barber halves.

If future posters could quote percentage premium over melt (ignoring melting costs), I think we would all find that much more useful.

I've got the impression that junk silver in USA and Germany quite often trades under melt but that's never the case in the UK.

My notes about UK silver from 2015 say that junk Georgian (probably exclusively George III and George IV), William IV, and Edward VII, silver trades at 2 X melt, junk Victorian silver trades at 50% over melt, large junk George V/VI silver (halfcrowns and florins) trade at 20% over melt, small junk George V/VI silver (shillings, sixpences, threepences) trade at 10% over melt.

I'm not familiar with current trends.

LCS buying at 16x, selling at 20x. Of course, that was yesterday, and silver is up another $1.30 overnight.

We are paying, at my shop,10% back of spot...but not really selling this week. The market has taken some nice hits.

Let me re-phrase that. We are selling at 10 percent over spot, but no one is really buying this week. Except for some die hards.

Local LCS was selling at 19x today. Mix of 50's and 60's 90% silver coinage with a mix of halves, quarters and dimes. Proprietor said business hasn't been very good during the pandemic as retail buyers have disappeared.

Silver at $24.16