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Junk Silver Prices Thread - Report In Here

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Pillar of the Community
United States
2442 Posts
 Posted 01/06/2021  07:06 am  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply
LCS says buying at 18x, selling at 20x.
Pillar of the Community
United States
3820 Posts
 Posted 01/30/2021  9:46 pm  Show Profile   Bookmark this reply Add Joe2007 to your friends list Get a Link to this Reply
Silver at $27.03

LCS was selling junk silver at 21X
Pillar of the Community
United States
2442 Posts
 Posted 03/24/2021  9:19 pm  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply
LCS was selling as high as $23/$1, currently at $20/$1.
Edited by Arkie
03/24/2021 9:20 pm
Pillar of the Community
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United States
8806 Posts
 Posted 03/24/2021  9:29 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
As of Monday, we were selling at 22.5x face I believe. Though I haven't been in shop since Monday so don't know what we are asking now.
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
Pillar of the Community
United States
2442 Posts
 Posted 07/10/2021  8:53 pm  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply
Bought Standing Liberties at $5 each.
Pillar of the Community
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United States
8806 Posts
 Posted 07/10/2021  8:54 pm  Show Profile   Check GrapeCollects's eBay Listings Bookmark this reply Add GrapeCollects to your friends list Get a Link to this Reply
Shop is billing at 21.5 times face for dimes and quarters, 22.5 for halves
My best finds: 1999-WAM:http://goccf.com/t/332161 1988-RDV-6:http://goccf.com/t/335954#2873459 1986-Off-center: http://goccf.com/t/335952
1999 WAM #2:http://goccf.com/t/338710&whichpage=1
1981 Double Struck In Collar: http://goccf.com/t/350199&whichpage=1
ANA id: 3194067
My Type Set: https://www.NGCcoin.com/registry/co...sets/236574/
If you want to buy something or sell something or just talk, shoot me a PM!
Pillar of the Community
United States
588 Posts
 Posted 07/15/2021  8:12 pm  Show Profile   Bookmark this reply Add jskirwin to your friends list Get a Link to this Reply
Visited the LCS today to buy some 90%.

Spot price: $26.37 (melt: 19.1x face)

Buying at 16x face.
Selling at 23x face.

Someone was there selling a significant stash of pre-1965. I was there to buy but walked out empty-handed.

I expected a 5x spread, not a 7x. Was I being petulant?
Edited by jskirwin
07/15/2021 8:12 pm
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United States
2423 Posts
 Posted 07/15/2021  8:30 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
I bought my dimes today at 20x face. The other coins he had were War Nickels and quarters and where priced the same as the dimes. I don't remember what he was paying at the time. The other place I was at yesterday was not selling and where paying 16.5x face.
Pillar of the Community
United States
2423 Posts
 Posted 07/15/2021  8:35 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
@jskirwin
The spread is bigger than I expected. My places I go to have a spread of 4-5 usually. But the guys yesterday paying 16.5x face had the scrap dimes in 2x2 for $4.50. In my other post by saying not selling I meant not by face.
Pillar of the Community
United States
588 Posts
 Posted 07/17/2021  12:57 pm  Show Profile   Bookmark this reply Add jskirwin to your friends list Get a Link to this Reply
Watched online a local estate auction filled with bullion and 90%. At spot of $25.68 libertads and ASEs were going for >$40 with buyer premium. 90% was going for 21-26x, even though LCS is selling for 22x, and can be bought on Ebay for less.

Convinced me to make a note in my will to go this route for selling. I'm starting to think PMs make people stupid. I feel like my IQ drops a few points when I'm holding my shinies.
Edited by jskirwin
07/17/2021 12:58 pm
Pillar of the Community
United States
1587 Posts
 Posted 07/22/2021  1:35 pm  Show Profile   Bookmark this reply Add jmkendall to your friends list Get a Link to this Reply
We are buying at 12 times face and selling at a buck over spot. We are having trouble keeping inventory on the shelf. I just found out that the flea markets and antique malls are averaging $65 for ASEs and I was selling them for $35 till I ran out. I was wondering why I was having people drive for an hour or so to get here. One booth at an Antique mall had ASE's for $90 each.

Auctions. I rarely go to auctions because people lose their minds and will pay multiples over retail.
Pillar of the Community
United States
2442 Posts
 Posted 07/22/2021  2:25 pm  Show Profile   Bookmark this reply Add Arkie to your friends list Get a Link to this Reply
Wow. My LCS was apologizing that it was selling its mixed date ASEs at $37.
Valued Member
United States
178 Posts
 Posted 07/28/2021  8:34 pm  Show Profile   Bookmark this reply Add HappyHippo to your friends list Get a Link to this Reply
I haven't been to my LCS in about 1.5 years, since silver premiums went crazy. I also assumed, from reading the internet posts, that he wouldn't have any silver inventory. I visited today and, on the contrary, he has more silver than I've ever seen him have. 1.5 years ago, I'd ask for junk Franklins, and he'd have MAYBE six coins. Today, he had 20 rolls of junk Franklins. He said a lot of people have been selling their silver. I bought a roll, even though I don't really want to pay today's prices. Nice thing is he doesn't charge any extra for Franklins. But bad thing, all this junk silver is 23x face value. Last time I bought junk silver from him, I think is was like 12x. He also had junk Morgans and Peace dollars, something he never had before. They were $28 and $31 dollars, respectively. The Peace dollars looked in good condition and there weren't any 1922s so I picked up 6. Wise purchases? Probably not, but thought I should give him some business because he's the only coin shop within 20 mile radius and he's been good to me in the past.
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United States
2423 Posts
 Posted 07/28/2021  10:11 pm  Show Profile   Bookmark this reply Add Oldfordman to your friends list Get a Link to this Reply
I don't know if I would have bought the franks but the Peace I would have snatched up immediately.
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Australia
1094 Posts
 Posted 07/28/2021  11:40 pm  Show Profile   Check ryurazu's eBay Listings Bookmark this reply Add ryurazu to your friends list Get a Link to this Reply
HappyHippo that doesn't seem to bad especially if it a one off purchase and not for a bulk amount. Wow to hear that ASE can go for 90 dollars when it is like 35-38 RRP jezz. I pick up a few ;) Peace dollars mid way though 2020 in australia was able to watch the auction/dealer furiously try to change his retail silver items. ^_^
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