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 Replies: 11 / Views: 2,147 |
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Valued Member
Canada
78 Posts |
Sorry if this topic has been posted a lot ready.
But prices are people paying for junk silver over spot price. My local shop is charging me 4.5% over spot for Canadian junk silver and wondering if maybe I should be looking for a different shop.
Moved by Forum Mom from Canadian Coins forum to Precious Metals and Bullion forum.
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Bedrock of the Community
Australia
21788 Posts |
Amongst other things, I collect World coins. As a result of this, I will buy World junk silver F or better, from junk boxes, sometimes for quite a large premium above melt value. Having said that, I am not necessarily looking for junk World silver, although I can quite often find a good value for money purchase.
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Pillar of the Community
Canada
1723 Posts |
I buy under spot only. You can get good deals but you have to work for them and be patient. Here is a website that can help you with PM values in constitutional coinage if you dont already have one. http://www.currencydebasement.com |
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Pillar of the Community
United States
2168 Posts |
My shop charges 3percent over spot for junk silver using .715 as the factor for US junk silver.
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Valued Member
United States
223 Posts |
I get dimes under spot usually about $1.50 per face, halves rounded down to the nearest .50 per face. Unfortunately, my LCS had another customer who was buying Morgan/Peace at spot and then running them on ebay. They moved Morgan/Peace dollars to $30 each. |
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Valued Member
United States
103 Posts |
^
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How would they know unless he was going back and tellingtelling them?
Try we buy gold places, I scored a bunch of half dollars at 21x face yesterday when silver was up at 30.30
Edit for auto spelling
Edited by lukemarshall
12/28/2012 10:56 pm
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Pillar of the Community
United States
4333 Posts |
I don't know what's up with the we buy gold places, left my number with them, willing to pay more than spot lol, never got back with me.
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United Arab Emirates
557 Posts |
Samsnate, thanks for posting the currency debasement website. Great info.
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Valued Member
United States
223 Posts |
Luke, they knew what his ebay ID is and were able to monitor him that way. |
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Pillar of the Community
United States
4008 Posts |
I get US 90% silver coins at spot from my local pawn shop. This is a reasonable price, so I usually buy whatever he has to sell. Only problem is, his inventory is small and he can go for long periods with nothing new coming in. :-/
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Valued Member
United States
84 Posts |
If the guy at my local flea market has scrap he sales to me at spot. I am always looking though I would suggest the same.
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Valued Member
United States
200 Posts |
In the flea market here in my place, the junk is priced at a premium over spot. I am still looking for a place or person who sells junk at spot or Morgans at a reasonable price.
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Replies: 11 / Views: 2,147 |
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Posted 12/20/2012 11:18 pm
