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 Replies: 7 / Views: 1,761 |
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Pillar of the Community
United States
1261 Posts |
I am interested in setting aside some silver and was wondering what is a fair price over spot? I'm interested in basic ASE, Maples and Libertad's. Is 15% over spot fair for these coins or can I do better? Also I am interested in pre-1964 US coins. What is a fair price for those...16-17x face value? Please help out a newbie as far as bullion is concerned! Thanks! |
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Pillar of the Community
United States
1200 Posts |
You can use your home town LCS and online vendors Provident and Goldmart as standard baselines for what you'll end up paying. Just be aware that Provident
ships promptly and Goldmart is famous for inordinate shipping delays and a distinctively inhospitable brand of what they call "customer service."
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Bedrock of the Community
13014 Posts |
For ASEs you cant really put a percentage on it for whats fair. Its basically a couple dollars due to middle man markups and the cost of making the coin regardless of spot which will cause the percentage of vary greatly. At 40 dollars the 4 dollars is 10 percent, but at 10 dollar silver its 40 percent, yet the cost to make them and distribute them remains the same. Somewhere in the 3-5 range depending on local shops is pretty standard. If it gets over 6 you can probably do better on ebay for a single coin. Provident is great, but no so much for a single coin. Shipping is brutal on a cheap purchase, if youre buying other things though and want to throw one in the cart they have some of the best prices without shipping included. |
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Pillar of the Community
United States
3184 Posts |
Go to local stores and get to know them, you'll get a good idea whats good or not. Also buy from here, many members here sell at very great prices!!
I think a diversified stash is the best.....not only does it look neat, your kids will have fun with it and you can educate them...thats if you have kids.
Get bullion like maples, eagles, etc and 90% halfs, quarters and dimes and lets not forget morgans and peace!!
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Valued Member
United States
385 Posts |
Hello, a fair price for 90% junk silver would be buying it at spot. Remember, the market price for junk silver will always be under the normal market price for pure silver, you should always buy junk silver at or below the normal spot price.
As for 1oz collector coin, local coin shops usually charge $3 to $5 per coin when silver is low and $2 to $4 when the price of silver goes up. I hope this helps.
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Pillar of the Community
United States
3486 Posts |
It should be mentioned that dealers and collector/stackers who bought when silver was higher
are not likely to want to sell. This means that you'll need to do some hunting.
Otherwise, the advice given covers much of what you need to know.
Traders in bullion who buy and sell regularly and take their cut are probably your best bet.
But deals can be found everywhere if you are patient.
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Pillar of the Community
 United States
1261 Posts |
Just an update, I went to my LCS and was able to pick up a roll of Merc's at 15x face value. I thought that was a pretty good deal as it seems that the spot for these as of right now is $1.45/coin. I also was able to pick up an '86 ASE for $28. Not sure if this was the best deal in town but it's a date I didn't have and it was milk spot free :D |
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Pillar of the Community
United States
3184 Posts |
Pick up dimes, quarters, halves, and some morgans/peace as well as bullion rounds. That way you'll have a cool mix of things put away that you can show your kids, etc
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Replies: 7 / Views: 1,761 |
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Posted 12/15/2013 5:49 pm
