Junk Silver Prices Thread - Report In Here

@Hondo Buguss -

Here's a link to that buy website I mentioned. I've never sold anything to them but my buddy on another forum has. I sell most of my stuff here in the forum, at an annual show near me, or a coin shop in the next state. Why? Because all the coin shops near me closed or became pawn shops! I'm from Boston and there used to be 4 solid coin shops downtown (centered around Bromfield St). My favorite was JJ Teaparty but they were all good and had their specialties. I could buy and sell 90% all day long on one street! Just jump from store to store because of the competition. Selling? If I didnt lke the offer from one shop, I go next door. Buying? Same thing. Now they're either gone, or gone online, or downgraded to a pawn shop. So I can't sell locally anymore. The one shop wouldn't even give me a price over the phone. They said they'll try to make me "happy". I said, I can go on-line and sell my Morgans for $X a pop, what are you paying? They wouldn't say. I'm not going to waste my time on them. The other shop offered $17 a pop for Morgans and Peace. I can get twice that on-line. Anyway, here's the link:

http://www.azcoinexchange.com/BuyList.htm

Remember, I've never sold to them. I'd sell here in the forums first. I'd rather see my silver go to one of you guys then some dealer I don't know.

But like livingwater and other posters said, buy prices are through the roof right now, and sell prices are even higher. I've seen prices like these twice: 1980 and 2011, both of which came during terrible inflation.

@Anthony86 -

Silver is a roller coaster. I've seen it rise and fall $3 to $50 and $3 again and again. The 90s were great for buying. But then a spike to 40+ after the 2008 recession. Then a dip to 14 a few years later. Up and down. Just back in 2020 silver was $17 before the pandemic, then dropped to about 13, then spiked near 30 later that year. The forums here and other websites are filled with heartache about the wild swings. Some people make a killing, some people get killed. Set your targets, be realistic, and never buy more than you can afford to lose. Good luck out there!

I don't like to guess.

With inflation, $3 in 1990 is about $7 today, but yah I don't think silver is dipping that low any time soon. In fact, I'm happy with silver around $20.

What I really want is stability because all these wild swings indicate larger problems with the world economy, so even if you get rich on silver you're losing out somewhere else (interest rates, gas, real estate etc.).

LCS buying at $16, selling at $23. And it is being bought at that price.

Exactly.

Last week I posted a link to an online dealer with their buy prices. They're offering around $30 ea for Morgans and Peace dollars in VG+ (more for better, less for worse but average 30). That's about 60 or 70% premium relative to current spot. The dealer seems legit and his numbers are about what other posters here reported. So I decided to run an experiment...

I picked 20 decent dollar coins from my stash and offered them for sale here only. It was a mixed bag of dates and mintmarks, decent coins, only one worn Peace dollar but the nicer Morgans definitely made up for that. Anyway, I asked 600 for the roll which is exactly what I'd get from the online dealer I mentioned. Left the listing up for about 5 days. I got one lowball offer (no hard feelings, we've all been there) but no bites at 600 for the roll. Like I said, I have a hard offer for 600 if I want to sell to that dealer, so I figured that was a fair ask. Anyway, I don't know who's buying at these prices, but it's no one in this forum and it's not the shops in my area. ebay sold listings are even higher than that. So who's buying?

PS: My next show is July and only heaven knows what the market will look like then.

I didn't see the listing I would have been interested. Like I said I was offering $32 shipped on about 20 morgan auctions a week on ebay, two weeks ago I won 4 this week none.

I mostly only want pre 1899 but if the mix was good probably would have taken them