The Christmas Pullback Is Upon US It Seems....

Well Angel, seeing as how I think a Peace dollar is roughly 3/4 silver content, and forgive me as I am very less knowledgeable on the silver pieces which contain less then 100% of pure silver, but that seems just about right to me....

I saw a local guy on Craigslist who claims he has 100,000 dollars in pre 64 silver dollars, halves, quarters, and dimes, and he wants to meet at a bank, and wants to not waste time on multi small sells, as he is lookin for serious big money investor....

He says in his listing Franklin halves at 12 bucks each, and I did a little ebay research and the average or lowest buy it now on those these days is around 18 bucks, so seems like good deal....

Any thoughts all? He says his silver quarters are 6 bucks each as well....

Sounded to good to be true, and now the add is gone, and I spotted it two days back. I bet someone either bought him out or he was a fraud....

Silverhawk, I sometimes see ads like that on my local craigslist. Nothing to that extent. Had a guy wanting to sell 10,000 oz. of silver a while back. Wanted it all in one go. He had pictures posted and had a lot of stuff I would have liked to get but you know how that goes. I have no where near that kind of money. I wonder if your guy was legit? One thing is for sure. I would only meet at a bank and then I would have a safety deposit box ready. The silver would go in there until some later date. No way I would take it home with me right after the the transaction. I would also make sure the guy left before I did and then drive to the mall or something, go get an ice cream.
I know that sounds paranoid but I swear I had some punk try to follow me home from the coin shop one time. I drive a very indirect route because I like to avoid traffic. Mr. baggy pants was in there selling some junk silver or gold and left before I did. I think he stayed in the parking lot and waited for a customer to leave. I noticed the car was behind me so I took a very senic route home.

Oh yes, I have a good relationship with my local dealer at Southern bullion, a real nice fellow who always gives me good deals on items, via buy or sell, as I sold him a couple of silver eagles before I decided to get back into silver, back when I was into gold, and he gave me a real fair price, like a dollar under spot one day when I needed some cash asap, seems like 31 each, and silver was just barely over 32 an oz....

And I agree with you about meeting strangers, and was no in position to make the amount of cash transaction he was looking for, just was curious if the prices he was claiming to offer were about right or not. I would be ultra WEARY AN CAUTIOUS of meeting anyone from Craigslist, even inside the safe zone of a bank....

The price of scrap steel goes up and down, but the store still wants the same price for a steel wheelbarrow.

Accept the fact that BU dollars are not bullion, and go from there.