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 Replies: 842 / Views: 96,140 |
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Valued Member
United States
455 Posts |
It is sad...this stuff should not be melted!
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Pillar of the Community
Canada
5246 Posts |
@NumisEd, yes it is. Especially for the silver dollars. He never used to melt those, but now they are harder to sell @ $34-35 (Canadian) each.
If the price of silver stayed high for years eventually the market would "get used to it", but it is the sudden and large change that makes people nervous.
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Moderator
 United States
189053 Posts |
Quote:
It is sad...this stuff should not be melted!  |
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Pillar of the Community
United States
2237 Posts |
Some dealers sent 90% silver coins to refiners back in 1980 and 2011 when silver spot got briefly close to $50. There were a lot more sellers than buyers. I seems the same is starting to happen now with higher silver spot prices. A few dealers on YouTube said they have sent some 90% to refiners, not enough buyers and they need to have income coming in. One dealer on T The Silver Stacker channel recently sent to refiner 2,000 cull/damaged common dates Morgan and Peace dollars. She had no buyers for them in her shop. Edited by livingwater
09/15/2025 11:03 am
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Pillar of the Community
 United States
5191 Posts |
This will mess with the population numbers for a lot of coins. And in the long run exert upward pricing pressure on XF, AU and MS coins. Because if someone in the future just wants to buy a cheap low-grade Morgan dollars, well... guess what, they are no longer around. So now this buyer has to move up the ladder. |
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Pillar of the Community
United States
2637 Posts |
LCS buying 90% at 25x, selling at 30x. He is mostly wholesaling (not melting) what he buys.
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Pillar of the Community
United States
840 Posts |
Thanks to all for the recent reports. I haven't been to a show since July and was wondering what the going rates were since this jump in spot.
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Pillar of the Community
United States
2521 Posts |
https://www.ebay.com/itm/326785107989 Right now this guy is selling modern commemorative dollars in lots of 13 or 14 that come out to about $38-$39 an ounce. He has a few listings. I got a lot of 15 for $449.05 shipped.
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Pillar of the Community
United Kingdom
2133 Posts |
I came away really surprised (and empty-handed) from a recent antique fair.
Junk George V / VI silver was selling at 20% to 30% over melt, and Victorian junk silver even more.
Where will the madness end?
Edited by Pertinax
09/23/2025 7:22 pm
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Pillar of the Community
United States
5191 Posts |
Quote:https://www.ebay.com/itm/326785107989 Right now this guy is selling modern commemorative dollars in lots of 13 or 14 that come out to about $38-$39 an ounce. He has a few listings. I got a lot of 15 for $449.05 shipped. I think I see an Ike commem in there. jbuck might be interested.  |
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Pillar of the Community
United States
2521 Posts |
If you're in a non taxable state like me, it comes out to under $30 per coin and melt is over $34 per coin. The lot I purchased had a 2 coin Dolley Madison and 2 coin Yellowstone set.
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Moderator
United States
189053 Posts |
Quote:I think I see an Ike commem in there. jbuck might be interested. Would have been.  Good thing I have two of each version, proof and uncirculated.  |
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Pillar of the Community
United States
840 Posts |
Spot climbing higher almost every day, is anyone buying at these prices?
I'm holding out till 50, but 45 isn't a bad price to unload some silver either!
My last show was 2 months ago, so I appreciate the updates from everyone here! Nice to read real-world examples of buy / sell prices
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Pillar of the Community
United States
2049 Posts |
Quote:
Spot climbing higher almost every day, is anyone buying at these prices?
I'm holding out till 50, but 45 isn't a bad price to unload some silver either! I am going against what I usually do (dollar cost averaging) and neither buying nor selling. |
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Moderator
United States
189053 Posts |
I am still buying what I buy from the Mint, so I always start off in the hole anyway.  |
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Replies: 842 / Views: 96,140 |
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Posted 09/14/2025 8:14 pm
