Retail Prices For American 90% Silver; ?

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Author	Replies: 8 / Views: 1,560
Roma2021 Pillar of the Community Italy 1130 Posts	Posted 02/01/2023 1:08 pm Hello, I went to a local coin shop in Rome today. The man that owns the shop told me he is buying all American coins he can and selling to me at a low margin. A few days ago, I posted my silver buy in Florence which I know is atypical. However, I am paying closer to retail at the local coin shop in Rome. But, I don't really know (American) 'LCS' retail prices. I bought the following - 1964 post mint set - €15 2018 ASE - €28 '44 WL - €9 '60-63 Franklin halves - €9 X 5 - €45 40s- Mercury dimes - €2 X 3 - €6 '36 Quarter - €4 1884 O Morgan - €22 1881 Morgan - €22 1889 O Morgan - €22 1921 Morgan - €20 When I get home later I can post a picture, but I paid €193 or approx. $211 I feel I'm on track.... but not 100% since I've never bought silver in the U.S. at an LCS. Report this Post to the Staff

Keith67 Pillar of the Community United States 6507 Posts	Posted 02/01/2023 1:14 pm Quote: When I get home later I can post a picture Report this Post to the Staff
Roma2021 Pillar of the Community Italy 1130 Posts	Posted 02/01/2023 1:39 pm Here they are priced and loose.... Report this Post to the Staff
Dearborn Moderator United States 94786 Posts	Posted 02/01/2023 3:38 pm wow! very nice set of silvers! I think I need to get to Rome to get my hands on some of these Collecting since 1972. Learning from then on "Tell me and I forget. Teach me and I remember. Involve me and I learn." - Benjamin Franklin 7070 type set coin count: 51/76 Uncirculated American Silver Eagles My American Silver Eagle Proof Collection Sacagawea Dollars Innovation Dollars Eisenhower-Dollars Kennedy-Half Dollars Washington-Quarters Roosevelt-Dimes Buffalo-Nickels 1938-2005 Jefferson-Nickels Lincoln-Cents Report this Post to the Staff
Roma2021 Pillar of the Community Italy 1130 Posts	Posted 02/01/2023 4:10 pm @dearborn, this particularly shop owner buys for me and flips at low margins. My Italian is functional enough for me to understand that. He's 81. I buy him about about once a week at these prices. There aren't many explicit u.s. coin collectors in Rome. All coin collectors want a Morgan and maybe an example of each of the three halves, but Italian stackers focus on 500 lire (basically their '64 Kennedy half) and some other low premium European coins; also small bars are common here. I'm happy to keep buying from him at these prices, just looking for comps on u.s. LCS silver prices. Report this Post to the Staff
HondoB Bedrock of the Community United States 24939 Posts	Posted 02/01/2023 4:16 pm Roma, once again you have done quite well. These coins are selling on ebay for above what you paid. <checks flight cost to Rome, notices passport is expired. Drat!> Inordinately fascinated by bits of metal with strange markings and figures Report this Post to the Staff
Roma2021 Pillar of the Community Italy 1130 Posts	Posted 02/01/2023 4:30 pm @hondo, thanks for your response and affirmation! I keep a skeptical eye on ebay . . .with tax, shipping, etc. I feel the price for near bullion grade coins is high + retail. How about in an LCS? Am I at about cash retail on these? Edited by Roma2021 02/01/2023 4:30 pm Report this Post to the Staff
jbuck Moderator United States 187702 Posts	Posted 02/01/2023 4:49 pm Excellent buy! Coin Collector Since 1978 Avatar Old Avatar 7070 Eisenhower Australia Canada World CCF Members on eBay CCF eBay Search Engine Report this Post to the Staff
Ballyhoo Pillar of the Community United States 1613 Posts	Posted 02/03/2023 9:11 pm At the current 1.08 conversion rate that's a bit below the prices at coin dealers near me. The ASE are selling for around $40 for the common/high mintage dates locally. We also have junk bins, which I would think they do overseas as well, where by the coins are a slight premium over current spot. But ultimately what drives the pricing is popularity and not the silver content regardless of where you are. You did very well indeed. ANA member - PAN Member - BCCS Member There are no problems only solutions - the late, great John Lennon Edited by Ballyhoo 02/03/2023 9:25 pm Report this Post to the Staff
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