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Low Silver Spot Price

 
 
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Pillar of the Community
United States
810 Posts
 Posted 10/06/2018  5:28 pm Show Profile   Bookmark this topic Add Silver Eagle to your friends list Get a Link to this Message
Was just wondering, with silver spot being so low currently, if anyone is buying silver scrap/billion coins from their local coin dealers? I'm primarily a roll hunter, but am thinking it might be a great time to pick up some silver halves and dollars at my local coin shops. What's a fair price to expect to pay over spot? They're are a great piece of history and a wise investment.

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Valued Member
United States
333 Posts
 Posted 10/06/2018  6:06 pm  Show Profile   Bookmark this reply Add YNumismetals Collector to your friends list Get a Link to this Reply
For half dollars, I consider 11x or 11.4x face a good deal
Valued Member
Canada
281 Posts
 Posted 10/06/2018  7:42 pm  Show Profile   Bookmark this reply Add Cdncoins to your friends list Get a Link to this Reply
It looks like current silver value in half dollars is $5.29. 11x to 11.4x definitely sounds like a reasonable premium. There is a dealer in Canada that charges 5% over spot for $1000 increments of junk silver.

Just keep in mind what the dealers will buy at. Silver probably has to go up at least 25% or so for you to come out ahead.
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United States
3289 Posts
 Posted 10/06/2018  7:57 pm  Show Profile   Bookmark this reply Add KenKat to your friends list Get a Link to this Reply
I've picked up some silver recently. 11.5 - 12x face seems to be the going rate lately.
Pillar of the Community
United States
1648 Posts
 Posted 10/06/2018  10:11 pm  Show Profile   Bookmark this reply Add Kopper Ken to your friends list Get a Link to this Reply
Hasn't that been the multiplier for awhile?

KK
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United States
9459 Posts
 Posted 10/07/2018  01:47 am  Show Profile   Check spruett001's eBay Listings Bookmark this reply Add spruett001 to your friends list Get a Link to this Reply
What I see at APMEX is about 11.6x face, currently.
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-Lucretius

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United States
3660 Posts
 Posted 10/07/2018  04:09 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
Provident Metals 11.2 x face delivered to your door free shipping over $100

Franklin and Kennedy halves under 12 x face also.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
Edited by fistfulladirt
10/07/2018 04:11 am
Valued Member
United States
218 Posts
 Posted 10/07/2018  4:42 pm  Show Profile   Bookmark this reply Add JoggingLiberty to your friends list Get a Link to this Reply
I'm a buyer right now. Here's a video I put out a couple days ago about some of my junk silver finds. Have a look if you've got a few minutes.

DWDWdfh0jt8


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Pillar of the Community
United States
810 Posts
 Posted 10/08/2018  1:19 pm  Show Profile   Bookmark this reply Add Silver Eagle to your friends list Get a Link to this Reply
Thanks to all for the input. I'll have to visit a few local dealers and see what they have, should be fun!
New Member
United States
8 Posts
 Posted 11/08/2018  11:40 am  Show Profile   Bookmark this reply Add silverbug9 to your friends list Get a Link to this Reply
I like CRH as well as buying from dealers... Just recently picked up some 90% for about 12x face locally, no sales tax nor shipping, plus supporting my local store.
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United States
3660 Posts
 Posted 11/08/2018  7:35 pm  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
You can get the same online, for a buck less for face, from respected deatlers. Provident Metals.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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United States
10632 Posts
 Posted 11/08/2018  10:16 pm  Show Profile   Bookmark this reply Add T-BOP to your friends list Get a Link to this Reply
I'm not a silver stacker but what about " We Buy Gold and Silver Shops " ? They might be a little more cheaper .
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United States
3660 Posts
 Posted 11/09/2018  04:49 am  Show Profile   Bookmark this reply Add fistfulladirt to your friends list Get a Link to this Reply
@T-Bop - I've never had luck with those places (although 4 out of 5 in my area have shut down since the crash), they always had a contract with a refiner and wouldnt sell to the public. Weird, but even the two pawn shops in my area wouldn't deal in PM's either.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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