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 Replies: 11 / Views: 3,472 |
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Pillar of the Community
United States
1195 Posts |
I just called my local coin dealer to check on the buy/sell price on US junk silver. He quoted buy = 17X face, sell = 21X face.
How's this compare with the outfits that you deal with; good, bad, or on par?
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Valued Member
United States
404 Posts |
That sounds about right for dimes, quarters, halves. Selling is pretty much spot+2% which is fair. Dollars are another story, I would buy morgans and Peace dollars all day right now at 21x. |
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Pillar of the Community
United States
1620 Posts |
Im about to go trade some of my Morgan dollars to get some better quality coins what do you think I should sell for 1921 1921d 1889 |
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Valued Member
United States
371 Posts |
My dealer sells at spot x .8 per dollar face which I think is fair. When he has common Dollars they are $2 below spot.
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Pillar of the Community
United States
3294 Posts |
My dealer was doing 18x buy, 20.5x sell.
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Pillar of the Community
United States
1620 Posts |
So that's 18x the face value of the coin
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Pillar of the Community
1283 Posts |
Daniels, I sent you a PM.
That's not a bad price he is offering you. Here is a piece of unsolicited advice, I would in no way be selling silver at these levels. There are a lot of us like myself that are always looking for a good deal.
Take Care
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Pillar of the Community
United States
1620 Posts |
Yeah I just went there and traded him 3 Morgans and some Buffalo nickels for 90 so not too bad I have a ton of silver I collected from when I was a kid my daughter wanted her new set of 2011 mint set so I did a little trading I tried trading them on here and I thought I had a trade with someone and he never pm me back its all good next time I wanna get rid of some ill pm you first if that's cool |
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Pillar of the Community
 United States
1195 Posts |
My
For dollars, he's selling them at $28 for '21(?) Morgans and Peace, and $31 for other Morgans. Almost bought a nice Morgan, but there were other coins I was buying today.
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Pillar of the Community
United States
1620 Posts |
Wow Alaska is expensive man he sells them for like 49 here and some of the stuff he has he wants to sell as a lot like entire set of cents all slabbed from pcgs he wanted to sell me 1700 wheat pennies un searched for 179 dollars I had to laugh cause he goes there is all dates in there not just 40s and 50s well if there not searched how you know what's in there
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Bedrock of the Community
Australia
21788 Posts |
Dealer to buy down 15% on ASW, dealer to sell up 5% on ASW yields 20% spread.
When you consider all of his operating costs, seems OK to me.
He would need some volume to do that.
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Valued Member
United States
272 Posts |
Yeah Alaska is pretty bad, it's usually cheaper to order online and pay any shipping.
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Replies: 11 / Views: 3,472 |
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Posted 06/08/2012 3:36 pm
