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How Much Would You Pay For An Ounce Of Silver?

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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 06/15/2014  4:40 pm Show Profile   Bookmark this topic Add ASLAN TVorlon to your friends list Get a Link to this Message Number of Subscribers
I have a package arriving tomorrow with some foreign silver coins. In order to build suspense you'll have to tune in tomorrow to see what they are

But here's a question to think about.

With silver price at around $20 an ounce how much would you expect to pay for an ounce of silver in various forms?

Generic Bullion?

ASE, Canadian Maple Leafs, Panda (Government issued bullion)?

Specialty Novelty rounds... Doctor Who HALF ounce for $60+! I'm looking at YOU!

US Junk Silver (1920-ish to 1964)

Barber and older US Silver coins?

Old foreign silver coins?
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WheatBack's Avatar
United States
2850 Posts
 Posted 06/15/2014  5:41 pm  Show Profile   Bookmark this reply Add WheatBack to your friends list Get a Link to this Reply
Generic Bullion: Don't really buy that much, but the generic bullion I have bought has been a few dollars over spot.

ASE, Maples, etc: Paid a lot for the 2013 West Point set, but all other generic rounds I've paid several dollars over spot.

Novelty Rounds: Haven't really messed with those.

US Junk Silver: Spot price. That's mainly because there's a pawn shop here that sells for spot so they've basically set the standard for me in regards to junk silver.

Barber and Older: Recently bought some Barber quarters for $4.50 a piece and several Barber halves for about $10 each. This was at another pawn shop. He had just gotten them in and had tons of them. He hadn't even gone through them yet. Ended up with a few "better date" coins. Wouldn't really call them semi-key.

Old Foreign: Haven't really messed with those either.
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nalaberong's Avatar
Canada
2805 Posts
 Posted 06/15/2014  6:21 pm  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Everything I don't care about - just under spot price, really, my budget's not big enough to do any investing.

Old foreign? If you get those for spot plus 10% and have a catalog at the ready and know that you're not just getting holed and bent crap, you're doing great. I pay spot +20% for the privilege of being able to pick out what I want, and it works great once you find someone who doesn't really care about pricing foreign coins.
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1325 Posts
 Posted 06/15/2014  7:44 pm  Show Profile   Bookmark this reply Add shadz to your friends list Get a Link to this Reply
Got my 2000 ASE in 2000 for like $10. otherwise, face value.
Valued Member
Fusion555's Avatar
United States
269 Posts
 Posted 06/15/2014  9:12 pm  Show Profile   Bookmark this reply Add Fusion555 to your friends list Get a Link to this Reply
I have just paid $100/oz for a bar and consider it a bargain

Engelhard, one of a set of 4 100 gram bars from the British Hallmark set, just need the other 3 now
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ASEnut's Avatar
South Africa
453 Posts
 Posted 06/15/2014  11:42 pm  Show Profile   Bookmark this reply Add ASEnut to your friends list Get a Link to this Reply
For something like a morgan easy 300 dollars! Even if it is a low grade dont matter its on my whishlist
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 06/16/2014  3:10 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
WAIT... $300 US dollars... or are you forgetting to calculate exchange rates?
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 06/16/2014  3:12 pm  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
Status of Item

Out for Delivery

... I'm checking the mailbox every 20 minutes!
New Member
United States
3 Posts
 Posted 06/16/2014  11:13 pm  Show Profile   Bookmark this reply Add dapefley to your friends list Get a Link to this Reply
For bulk silver, maybe 5-10% over spot. anything more than that, and you are getting into speculating, I think.
Valued Member
ASEnut's Avatar
South Africa
453 Posts
 Posted 06/16/2014  11:43 pm  Show Profile   Bookmark this reply Add ASEnut to your friends list Get a Link to this Reply
You see morgans are VERY scarce here in south africa so yes I would pay 300 dollars or in ZAR 3000 rand,my bullion supplier got me one for 100 dollars just waiting for delivery, they range from 80 dollars to 120 dollars but I think he has to import them lol after my bad luck with a fake morgan I'm not taking chances rather buy from a trusted supplier, just wondering how long does delivery take from US to SA?
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ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 06/17/2014  02:53 am  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply
Last week I had Silver from the US and eight other countries: Australia, Canada, England, Japan, Mexico, Philippines, Portugal and Switzerland.

Yesterday* I added another country to that list...

Germany
How-Much-Would-You-Pay-For-An-Ounce-Of-Silver?
Paul Von Hindenburg ain't purdy but it's 4 ounces of foreign silver for $200, $50/ounce.

I had 4.2977 ounces of foreign silver these added 4.016, now totaling 8.3137

Much better than 80-120 for less than an ounce, sorry about your Morgan woes ASEnut. You have not been here long enough to make trades and this is not the right forum for it anyway, but when you can trade let me know I'd love to add African silver to my foreign silver collection





* sorry it took so long to post this... hope there was not too much suspense.
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Russian Federation
5173 Posts
 Posted 06/17/2014  1:07 pm  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
First figure is what I would definitely pay, second what I expect it to be offered at realistically. Assuming $20 an ounce exactly.

Generic bullion: $19/$21
Official bullion: $21/$25
Novelty rounds: depends/$30+ (most stuff I'd be interested in is too obscure to realistically be issued - no way there's a Labyrints of Echo coin)
US "junk" silver: $25-30/$30-40 (depends on type)
Older US silver: $40+/$50+ (depends on type)
Foreign silver: ~$25/$30+ (depends a lot on type, actually)
Pillar of the Community
ASLAN TVorlon's Avatar
United States
1234 Posts
 Posted 06/18/2014  01:59 am  Show Profile   Bookmark this reply Add ASLAN TVorlon to your friends list Get a Link to this Reply

Quote:
From https://goccf.com/t/180028

"someone... who cares about history and doesn't want to see some of it repeated. A tangible example is a great resource to use when teaching younger generations about history, both good and bad."
- xshift

"Well said Xshift , I have some items with
Hitler and some with swastikas, I am not a
white supremacist or a Nazi, I have them
for the historic aspect"
- billfrak



Here's the History lesson. Silver in circulation coinage during the 20th century.

Last year of silver in circulation coins for Belgium 1918 (83.5%)
Last year of silver in circulation coins for Russia 1930 (50%)
Last year of silver in circulation coins for Spain 1933 (83.5%)
Last year of silver in circulation coins for Brazil 1938 (60%)
Last year of silver in circulation coins for France 1939 (68%)
Last year of silver in circulation coins for (Unified) Germany 1939 (62.5% & 90%)
Last year of silver in circulation coins for Italy 1941 (83.5%)
Last year of silver in circulation coins for England 1946 (50%)
Last year of silver in circulation coins for Columbia 1953 (30%)
Last year of silver in circulation coins for Australia 1963 (50%)
Last year of silver in circulation coins for Japan 1966 (60%)
Last year of silver in circulation coins for Switzerland 1967 (83.5%)
Last year of silver in circulation coins for Canada 1968 (50%)
Last year of silver in circulation coins for US 1969 (40%) {1970 JFK half was not meant for circulation}
Last year of silver in circulation coins for Panama 1970 (40%)
Last year of silver in circulation coins for West Germany 1974 (62.5%)
Last year of silver in circulation coins for Mexico 1979 (72%)

My numbers might be off and I wanted to add several other countries but flipping through Krause trying to keep it all straight is not easy.

Is there a complete or partial list of last year for circulation strikes in different countries? If no one can post a link maybe we can start the list here. Feel free to add to or correct this list.

The bottom line is, if you are looking for foreign circulation silver we are pushing 50 years old on the newest.

Due to the constant changes of purity for many countries, from over 90% to 10% in the case of Mexico, many dealers and collectors seem to shy away from foreign silver but I have always liked it.

I'm looking at some cap and ray 72% Mexican peso's (1920-1945) at my LCS... I'll post pics when I get 'em

Edit: 1930 (50%) for Russia, thanks january1may
Edit: Thanks nalaberong
Edited by ASLAN TVorlon
06/18/2014 11:45 am
Pillar of the Community
Russian Federation
5173 Posts
 Posted 06/18/2014  08:55 am  Show Profile   Bookmark this reply Add january1may to your friends list Get a Link to this Reply
Last year for Russia should be 1930 (50%).
There's also an 1931, but it's a ridiculous rarity.
Pillar of the Community
nalaberong's Avatar
Canada
2805 Posts
 Posted 06/18/2014  11:30 am  Show Profile   Bookmark this reply Add nalaberong to your friends list Get a Link to this Reply
Last year for Mexico: 1995. The last circulating old peso silver was the $100 coin from around 1979, but all $10, $20 and $50 coins that say "N$" instead of just "$" have silver centers. And all new $100 coins have silver centers as well but they do not really circulate.

In West Germany, the 5-mark coin was silver until it was replaced by a copper-nickel design with a rounded box around the 5 that was called the "TV-Five". But I forget what year this was in.
New Member
United States
5 Posts
 Posted 06/18/2014  2:56 pm  Show Profile   Bookmark this reply Add jameskimberling to your friends list Get a Link to this Reply
i buy a lot of generic rounds and bars and I pay $2 over spot from the local jeweler
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