Excellent Find In My Coin Dealers "junk Drawer"

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Author	Replies: 7 / Views: 1,974
throwbackid Pillar of the Community 1283 Posts	Posted 11/14/2012 5:11 pm Recently had a nice little coin shop move into the town where one of my gas stations is locate. When I went in this morning to buy he had this in his so called " Junk Drawer." At $1.99 over spot it was a tru no brainer, as he was out of Eagles anyway.. I got the pressed 10 oz OX the three graded SAE, and the Peace dollar for a $500 bill. On a side note he says he is having a hard time getting his orders meaning the demand is very high right now. I personally think we will see silver press $40 again. The OX on top I got from a Gov auction a couple weeks back. Edited by throwbackid 11/14/2012 8:04 pm Report this Post to the Staff

rgathright Valued Member United States 264 Posts	Posted 11/14/2012 5:14 pm Those old Englehard bars are very nice! You just became that coin shop's #1 customer! Report this Post to the Staff
Canadian-Banknotes Pillar of the Community Canada 4944 Posts	Posted 11/14/2012 5:50 pm Nice Report this Post to the Staff
tripncoins Pillar of the Community United States 648 Posts	Posted 11/15/2012 12:07 am Awesome stuff TBK! Report this Post to the Staff
bekiz Pillar of the Community Japan 666 Posts	Posted 11/15/2012 06:49 am demand is high and the guy puts a premium of $2 over spot? Something is not right here ... demand goes up, price goes up to me supply in equilibrium point ... well, I do the same on what I sell... anyway,very good purchase! Report this Post to the Staff
angel2004 Pillar of the Community United States 2168 Posts	Posted 11/16/2012 11:00 am My local shop charges 3percent over spot for 'junk' so even a little less than 1.99. That has ben his premium since about 2009. Before that when silver spot was lower spot was lower the premium was 5percent Report this Post to the Staff
throwbackid Pillar of the Community 1283 Posts	Posted 11/16/2012 9:11 pm What can I tell you B, Junk or Engelhards are $1.95 over Silver Eagles $3.95. Those are the prices Report this Post to the Staff
Silverhawk74 Pillar of the Community United States 3670 Posts	Posted 11/17/2012 12:14 am To some dealers silver is silver and views on premiums VARY GREATLY.... I could walk into one of my favorite silver watering holes tommorrow, and if I was fortunate enough to find a couple of dozen four oz. Ox Engelhard bars in the case (unlikely but possible), they would be priced about 36 per oz. and obviously on ebay they would bring a weee bit more, lol.... Edited by Silverhawk74 11/17/2012 12:16 am Report this Post to the Staff
	Replies: 7 / Views: 1,974

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Excellent Find In My Coin Dealers "Junk Drawer"