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 Replies: 842 / Views: 96,365 |
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Pillar of the Community
 United States
5192 Posts |
Just went to my LCS to buy twenty halves. A mix of 1964 Kennedys, Franklins, and Walkers. Charged $23 x face. Quarters and dimes were at 22.5 x face.
Briefly chatted with the shop owner and he told me business was very good, with plenty of buying and selling. He attributed it to the current state of the market and the aging population of his town. Lots of people selling off coin collections of their deceased family members.
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Pillar of the Community
United States
2637 Posts |
LCS buying at $20x, selling at $24x.
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Pillar of the Community
United States
2049 Posts |
Coin show today....
Cheapest was 22x face but only if you bought by the role of $10 face (halves)
Otherwise was 23.5-24x face
Overheard a dealer tell another dealer that he is paying 21x and 25x for Barbers.
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Pillar of the Community
United States
2253 Posts |
Edited by livingwater
03/15/2022 8:52 pm
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Valued Member
United States
109 Posts |
As of yesterday, My LCS was charging 22.5 X Face for Dimes and quarters, and 23.5 X Face for halves. I got to pick and choose.  |
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Pillar of the Community
United States
533 Posts |
I am paying 21.5 for dimes and 20.6 for quarters shipping included to my door
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Valued Member
United States
455 Posts |
Stopped by an LCS today...said he wanted 26x for dimes and quarters and 28x for halves...ouch! I've got a half of roll of 64 Kennedy's that I'd like to finish up but no way am I going to pay 28x, especially when silver has gone down lately!
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Pillar of the Community
United States
2049 Posts |
Local coin shop is asking 23.5x for dimes and quarters, 24x for halves.
Local coin show today one guy had 90% at 21x, another at 22x, and then it was 24x or higher.
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Pillar of the Community
United States
2233 Posts |
28x face is almost $40 an ounce.
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Pillar of the Community
United States
2049 Posts |
Quote:
28x face is almost $40 an ounce. Yep...might as well buy overpriced ASEs at that price level! |
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Pillar of the Community
United States
2253 Posts |
Silver/gold going down today. My LCS at the moment is $23.16 face for dimes, quarters, $24.17 for halves.
Edited by livingwater
04/25/2022 09:13 am
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Pillar of the Community
Canada
1751 Posts |
Wow I figured online prices in Canada were high for both 999 silver coins or our old 80% silver. A dealer wants $255 for $10 of 80%. I'm between 3-6 hrs from a lcs. So have to watch for online deals. In a post I just made premiums for most bullion coins can be $8:50-$12. I haven't been in the hobby/stacking for 4-5 years and was shocked at the changes, especially for high mintage bullion. It used to be for coins with less than 500,000 coins were more expensive, especially if a popular design! I'm looking for a hedge. So I started bullion in January. I'm feeling like I need to relearn, what I thought I knew.
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Pillar of the Community
United States
2253 Posts |
Numerous dealers are reporting high demand for silver/gold. As we know, premiums have been going up, especially since the pandemic. For 90% junk, one dollar face is .about .723 oz silver, but to figure silver cost I use what some dealers say .715 oz accounting for wear. So at $23x divided by .715 that's $32.16 per ounce silver. Are there other/better ways to calculate this?
Maybe it's time we don't call it junk anymore at these prices. Some prefer calling it Constitutional silver. My prior 90% purchase had mostly AU coins, little wear. Yesterday I bought some more but I'd say 1/3 had significant wear. It depends what my LCS has in stock.
Edited by livingwater
04/28/2022 06:03 am
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Pillar of the Community
United States
2233 Posts |
1x face = $1.39 an ounce
2x face = $2.77 an ounce
3x face = $4.15 an ounce
4x face = $5.53 an ounce
5x face = $6.92 an ounce
6x face = $8.30 an ounce
7x face = $9.68 an ounce
8x face = $11.06 an ounce
9x face = $12.44 an ounce
10x face = $13.83 an ounce
11x face = $15.21
12x face = $16.59
13x face = $17.97
14x face = $19.36
15x face = $20.74
16x face = $22.12
17x face = $23.50
18x face = $24.89
19x face = $26.27
20x face = $27.65
21x face = $29.03
22x face = $30.42
23x face = $31.80
24x face = $33.18
25x face = $34.56
26x face = $35.95
27x face = $37.33
28x face = $38.71
29x face = $40.09
30x face = $41.48
31x face = $42.86
32x face = $44.24
33x face = $45.62
34x face = $47.01
35x face = $48.39
36x face = $49.77
Chart that shows the relationship between "x face" and "per ounce"
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Pillar of the Community
United States
2253 Posts |
CalzoneManiac, Thanks for the cost list. It appears that's using the full amount about .723 oz silver per face. My LCS uses .715 assuming some wear.
I checked my records. In 2018 I bought halves and quarters for only $11.10 to $12.90 face. Wish I had bought a lot more!
Edited by livingwater
04/28/2022 06:09 am
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Replies: 842 / Views: 96,365 |
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