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 Replies: 13 / Views: 1,082 |
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Valued Member
United States
128 Posts |
It is very interesting to me that a 40% silver half dollar is going for about 3x face or $1.50 while a 90% silver half is going for 10x face, $5.00 or more. The silver amount is a bit more than double while the price is more than triple. Why?
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Pillar of the Community
United States
1424 Posts |
90% silver halves are more desireable because they have a lower smelting fee and take up less space then 40%ers do (for the same amount of silver)
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Pillar of the Community
United States
1231 Posts |
It works the same with copper wire and copper pipe. The wire is more pure and worth more.
Speaking of copper wire, I have some I need to strip this weekend. I get scraps from all the construction sites I go to. I just have to wait for the price to go back up before I take it to the scrap yard.
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Pillar of the Community
United States
860 Posts |
Also remember that usually these are being mailed registered mail, and you are basically sending twice the weight....adds up fast!
Jim
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Valued Member
United States
300 Posts |
I just sold off a hoard of mine....swapped 'em in for Au
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Valued Member
United States
74 Posts |
I think there are some practical reasons as mentioned before but also the mental idea of getting "more" silver.
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Bedrock of the Community
United States
10982 Posts |
Quote:
...a 40% silver half dollar is going for about 3x face or $1.50 while a 90% silver half is going for 10x face... In addition to the above comments, your math is a little off. Speaking of junk U.S. silver coinage, 3X face is correct for 40% but 90% halves are only worth 8X face currently. Anybody trying to sell junk 90% at 10X face should be avoided with silver under $10/ounce. |
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Valued Member
 United States
128 Posts |
Actually, I was talking about E-Bay sales and the 10x face is really low. It is more like 12x face.
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Valued Member
United States
300 Posts |
I wouldn't say it's impossible, but I haven't seen too many places selling 90% at 10 X Face or under...forget about spot
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Bedrock of the Community
United States
10982 Posts |
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Pillar of the Community
United States
860 Posts |
APMEX does have the $500 and up face US bags at that price, but in lesser amounts such as a roll of 50 mercs ( $5.00) face is $100.43 and for the basic 90% silver in less than 500 quantity, they only offer the Panama 1 Balboa at " only 4.99 over melt" at 12.66 ( 12.66 x face). Jim
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Valued Member
United States
300 Posts |
Yes, APMEX does have some 90% bags, but a lot of people can't put out several thousand $$$$'s a one time, for those that just want a few hundred or less in face, I haven't seen many places where it's readily available for 10 X or under |
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Moderator
 United States
187702 Posts |
FWIW, at the last coin show I went to junk silver was being sold from 10x to 12x face. I was not buying or selling, it was just an observation I made. I never found out what the dealers were offering though.
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Bedrock of the Community
United States
10982 Posts |
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Replies: 13 / Views: 1,082 |
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Posted 11/11/2008 6:27 pm
