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 Replies: 8 / Views: 1,276 |
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Pillar of the Community
United States
3345 Posts |
Since the recent drop in price, are dealers and coin shop owners willing to comply with the spot price or are they all still waiting for it to go back up? My question basically is: what is the going price for 90% stuff? Not ebay, but brick and mortar. I refuse to go to my local coin shop anymore and its the only one around so if I go a while away I want to know what I might be spending. Thanks in advance dudes |
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Moderator
 United States
188052 Posts |
The going price is what the market will bear.  Simply put, prices are quick to rise, slow to fall. Prices will remain high as long as there are customers willing to pay them. Prices will come down as demand slips and inventory costs start to mount. As for the going price, I have no idea, but I am sure others will. |
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Bedrock of the Community
United Kingdom
17911 Posts |
Quote:
Simply put, prices are quick to rise, slow to fall. Too true! When the Hunt brothers forced up world silver price in 1980, the price of British .925 silver coins rocketed, and it became profitable to melt some quite collectible coins. When the price crashed, the coins never returned to their pre-1980 prices, although I suppose some may genuinely have been scarcer owing to the large quantity that must have been melted... |
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Pillar of the Community
 United States
3345 Posts |
I know that guys, I'm asking this: If I go into a coin shop and want to buy a roll of 90% silver Roosevelt or Mercury dimes, worn and common dates, is he going to charge me $69.19, the going spot price? Or $100+ simply because he does not want to lose money? I'm sure every dealer is different, but what are your experiences lately? |
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Moderator
United States
188052 Posts |
I have not bought any common silver coins lately, so I do not know the answer. My post was to speculate that prices are going to be the same as they were a few months ago as long as the demand warrants it.
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Pillar of the Community
United States
1200 Posts |
Ballpark prices on typically worn, circulated 90% junk silver have been running around 16x or 17x FV in the area where I live lately.
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Pillar of the Community
United States
4212 Posts |
My local B&M has simply put them away.
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Pillar of the Community
United States
2335 Posts |
I sell coins on a very small time basis at the local antique mall. I haven't changed my prices since the drop & don't intend to. I sell out of a small display case where coins take up about 20% of the shelf space. Before the drop they accounted for 40-50% of sales.....& maybe 20% of total profit. Now they account for 5-10% of sales & maybe 2-4% of total profit. I believe they attract attention to my case so I probably won't pull them from the case.
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Pillar of the Community
United States
3345 Posts |
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Replies: 8 / Views: 1,276 |
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Posted 07/09/2013 2:05 pm
