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 Replies: 842 / Views: 95,796 |
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Bedrock of the Community
United States
11880 Posts |
Not saying you shouldn't have posted the video. I watched it too. Just noticing how fast this market is moving. Thanks for posting it.  IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
 United States
5177 Posts |
Seems like there is an arbitrage opportunity: buy junk silver well below spot at a coin show, hedge with paper put options (e.g. SLV) and close the trade when the refiners are back in business again.
Edit to add: just checked the cost: is about 15% of the price of SLV to hedge until 12/31/2026. So, if you can buy junk silver for 20% below spot, you are good (assuming the discount is gone by the end of the year).
Edited by NumisEd
01/12/2026 10:01 pm
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Bedrock of the Community
United States
36684 Posts |
I watched that video on Youtube. Many dealers now are having trouble getting orders filled by their wholesalers. 3 to 4 weeks out for delivery. I think as time goes on the supplies at local dealers are going to dry up and they will be forced to pay higher prices. Still a lot of sellers but looks like more new buyers are coming into the market.
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Bedrock of the Community
United States
36684 Posts |
90% melts at 62x face right now. Morgan and Peace dollars $66.38. GSR down to 53:1 |
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Moderator
 United States
187950 Posts |
Quote:
Ike Dollars: $27 melt value! Fixed it. No gonna melt no Ikes!  |
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Pillar of the Community
United States
6483 Posts |
Local prices quoted today were $42 per $1FV (jewelry store), and $55 per $1FV (LCS) for 90% junk silver.
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Moderator
United States
187950 Posts |
Thank you for the update. |
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Bedrock of the Community
United States
36684 Posts |
90% melt right now at 66x face.
GSR down to 50:1.
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Moderator
United States
187950 Posts |
My 40% Ikes are almost $30.  |
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Bedrock of the Community
United States
11880 Posts |
Melt value of Morgan and Peace dollars is $71.01. Feels like I'm recording history. IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Pillar of the Community
United States
676 Posts |
I went to a show earlier and junk seemed to be for sale anywhere from 66x to 72x but generally more between 68-72x face. I did score these three commemorative dollars for $55 each, so not everything was that high.   |
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Pillar of the Community
United States
1374 Posts |
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I did score these three commemorative dollars for $55 each, so not everything was that high. Congrats, that's a very good price! Right now, JM Bullion is paying $60.29 for modern commemorative dollars in varied condition. Of course, their minimum sell order is $3000 which precludes selling small amounts of anything except gold. |
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Moderator
United States
187950 Posts |
Quote:
I did score these three commemorative dollars for $55 each, so not everything was that high. Outstanding! |
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Bedrock of the Community
United States
11880 Posts |
GSR compresses to 50.43 again. Woohoo...
IN NECESSARIIS UNITAS - IN DUBIIS LIBERTAS - IN OMNIBUS CARITAS THE MAN IN THE ARENA, Theodore Roosevelt at the Sorbonne Paris on April 23, 1910: " It is not the critic who counts; not the man who points out how the strong man stumbles or where the doer of deeds could have done better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood, who strives valiantly, who errs and comes up short again and again, because there is no effort without error or shortcoming, but who knows the great enthusiasms, the great devotions, who spends himself in a worthy cause; who, at the best, knows, in the end, the triumph of high achievement, and who, at the worst, if he fails, at least he fails while daring greatly, so that his place shall never be with those cold and timid souls who knew neither victory nor defeat." My coin website: https://fairfaxcoins.com |
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Moderator
United States
187950 Posts |
Quote:
GSR compresses to 50.43 again. Woohoo...  |
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Replies: 842 / Views: 95,796 |
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Posted 01/12/2026 9:56 pm
