Was just wondering, with silver spot being so low currently, if anyone is buying silver scrap/billion coins from their local coin dealers? I'm primarily a roll hunter, but am thinking it might be a great time to pick up some silver halves and dollars at my local coin shops. What's a fair price to expect to pay over spot? They're are a great piece of history and a wise investment.
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It looks like current silver value in half dollars is $5.29. 11x to 11.4x definitely sounds like a reasonable premium. There is a dealer in Canada that charges 5% over spot for $1000 increments of junk silver.
Just keep in mind what the dealers will buy at. Silver probably has to go up at least 25% or so for you to come out ahead.
I like CRH as well as buying from dealers... Just recently picked up some 90% for about 12x face locally, no sales tax nor shipping, plus supporting my local store.
@T-Bop - I've never had luck with those places (although 4 out of 5 in my area have shut down since the crash), they always had a contract with a refiner and wouldnt sell to the public. Weird, but even the two pawn shops in my area wouldn't deal in PM's either.
When I listen to LED ZEPPELIN...so do my neighbors... Roll hunting since '77 Dirt fishing since '72
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Posted 10/06/2018 7:42 pm
