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 Replies: 15 / Views: 1,689 |
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Valued Member
United States
114 Posts |
Whats the most you would spend on silver coins for 1 dollar face value 1964 and older?
Moved to Bullion forum - Sap
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Pillar of the Community
Canada
834 Posts |
Most I would pay is spot
I seem to always buy at 90% of spot
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Pillar of the Community
United States
808 Posts |
Buying 1964 and earlier 90% junk silver coinage is all about the actually silver weight contained in the coin and the current spot price of silver. Obviously, the "right" price to pay is going to change constantly. Fortunately the calculations are fairly straight forward.
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Pillar of the Community
United States
2120 Posts |
I wouldn't pay more than the going rate for a 1oz round + premium.
Often I find that a generic round + premium is a better deal per oz than 90%.
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Pillar of the Community
United States
5862 Posts |
Since I'm primarily a coin collector and not a silver stacker, it would depend on the quality of the coins. I have paid well over spot value for pre-1964 coins in AU-BU condition. If we're talking about "junk" silver, though, I try to get a close to spot a possible.
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Valued Member
United States
371 Posts |
My dealer charges 80% of spot for halves and smaller. About 90% for common dollars.
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Pillar of the Community
United States
759 Posts |
80% of spot for halfs and $19.56 at the moment for common dollars?
Buy em all.
To the OP, 20x face value for 90% would be a decent price target today. Inventory on 90% is down, so anything below 20x is a great deal these days.
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Pillar of the Community
United States
2120 Posts |
Quote:
80% of spot for halfs and $19.56 at the moment for common dollars?
Buy em all. Seriously. Buy everything he has, I would. If nothing else flip it and buy for keeps with the profit. |
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Valued Member
 United States
114 Posts |
How about boilion per ounce
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Valued Member
United States
371 Posts |
Quote:
80% of spot for halfs and $19.56 at the moment for common dollars?
Buy em all.
I should have added per $1 face, so at $28 spot halves are $22.40 for 2 and common dollars are $25.20 He never has many of these. I normally but 10-20 face each week. |
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Valued Member
United States
114 Posts |
are the halves the same as dimes and quarters
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Pillar of the Community
1283 Posts |
20X right now is about the going rate. If you really can get silver dollars anywhere near spot that is a true "no-brainer" an easy ebay flip. |
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Pillar of the Community
United States
4008 Posts |
Quote:
are the halves the same as dimes and quarters Yes, they all have the same ratio of silver weight to face value... unlike silver dollars... dimes have 0.07234 oz. of silver, quarters have 0.1808 oz. of silver, and halves have 0.3616 oz. of silver. Dollars have 0.7734 oz. of silver and not the 0.7232 oz. that one would expect from their face values. |
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Valued Member
United States
114 Posts |
Is anyone expecting silver to go up?
Thanks for all the input so far.
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Pillar of the Community
United States
1454 Posts |
brb,
As you might know, summer is considered the doldrums for silver. Typically, the price does move upwards in the autumn. Will it happen this year? With everyone's attention focused on the election and the economy- which is still sputtering- my guess is no major movement, unless it's downward. But then again, I always hope silver prices fall; ergo, my opinion will always be colored by my own built-in bias.
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Pillar of the Community
United States
4008 Posts |
Quote:
Is anyone expecting silver to go up? Yes, practically all silver buyers are expecting silver to rise in price. The killer part is that none of us knows WHEN. What we do know is that: 1) silver ores are declining in ozs. per ton 2) the cost of producing silver is rising, mostly due to higher fuel prices 3) European, UK, US, and Japanese governments have spent WAY more than they can repay 4) fiat currencies have been and continue to be printed in increasing quantities 5) because of (4), the value of those fiat notes is declining I suggest that what we know are sufficient reasons for trading fiat paper for silver and gold. |
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Replies: 15 / Views: 1,689 |
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Posted 08/10/2012 09:18 am
