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 Replies: 22 / Views: 3,133 |
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Pillar of the Community
United States
919 Posts |
My comment was for today not 20-30 years ago. I was not referring to that since the OP was about prices now. As spot dropped the premiums jumped and the inventory dropped. That is all I was referring to. I am not seeing dealers selling ASE's in quantity for $23.00. |
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Bedrock of the Community
13014 Posts |
My comment was about 20 or 30 years ago either. Yes right now dealers are under water and taking advantage of panic buying for higher premiums. However the point was the last few days don't all of a sudden set a new market from here on out and its just simply not true to say spot prices have little to do with the price of bullion
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Pillar of the Community
United States
919 Posts |
When I can buy bullion around spot I will agree with you. Again my comment is for today not past or future deals. That comment was made for today. Who knows maybe tomorrow spot will once again be accurate. Today, I feel it is not.
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Pillar of the Community
 Mexico
1304 Posts |
I must admit I agree with both of you, depending on the level of the market you are reffering to. Either way, for most of us, the issue is moot, just splitting hairs really.
In short, if you can find it and you like the price...buy it! :)
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Pillar of the Community
United States
1088 Posts |
I picked up some maples yesterday for $28.50 each and some bullion for $25.50. It is getting harder to find silver around my area though. There has only been one consistent dealer selling silver for $2 over spot for bullion and $5 over spot for ASE, Maples, etc. The other dealers have either "frozen their prices" at around $31 for bullion and $35 for others or said that they are out. |
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Pillar of the Community
United States
1054 Posts |
I just picked up some junkie silver yesterday. $9 a piece for common date Walkers, picked up 10, and $1.80 a piece for 90% Dimes, got 2x rolls of those. The deals are out there, I had to call a half dozen local dealers to find this little honey pot.
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Valued Member
United States
214 Posts |
Is the "junk silver" worth buying if you can get it for a good price? I picked some up at the LCS for what it's going on APMEX - I have heard some places it's getting hard to find |
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Pillar of the Community
Mexico
1304 Posts |
Hard to impossible in a brick-and-mortar store unless they are charging insane primiums. Look at the ebay prices I found! |
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Pillar of the Community
United States
1088 Posts |
I haven't seen any "junk" silver in the area. 90% was the first to go around here.
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Valued Member
United States
214 Posts |
So why would all the 90% be sold out/first over ASE or other coins? Isn't that usually a higher price over spot? |
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Pillar of the Community
United States
1088 Posts |
ASE or other coins that are printed by a government mint usually hold some premium and sell at higher prices. 90% or junk silver sells cheaper for the most part around here. it also allows collectors to complete sets with lower grade coins. 90% was going for 22 times face for a while, not sure what it ended at around here but my guess would be 18-20 times face.
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Bedrock of the Community
13014 Posts |
Quote:So why would all the 90% be sold out/first over ASE or other coins? Anything is possible in a local market. ASEs and everything else are still made and restocked constantly with 90 percent silver no longer being produced someone has to come in and sell to get more which in a small market may not happen often |
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Valued Member
United States
214 Posts |
Thanks =) - I'm new the coin hobby..
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Bedrock of the Community
13014 Posts |
The other thing too is a lot of the old silver coins sit in albums in various circulated condition. Some people do circulated albums or roll hunt for it ect. So even though its only value may be bullion it doesn't necessarily just get treated as such
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Valued Member
Canada
281 Posts |
Quote:So why would all the 90% be sold out/first over ASE or other coins? They were cheaper before now Easy recognizable Hard to counterfeit And in a Mad Max world, allot easier to barter than a big butt kilo coin  |
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Posted 04/25/2013 09:30 am
