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 Replies: 19 / Views: 6,381 |
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Pillar of the Community
United States
2424 Posts |
i have noticed more people unloading their 90% silver US coins, dimes, quarters, halves, etc... i was wondering if 90% sells better than .999 bars/rounds. i am trying to sell 5 oz of .999 and I have not had much luck. I know that since silver is high, not many people are biting. but I noticed more people biting on 90%... any reason? thoughts? |
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Pillar of the Community
United States
667 Posts |
I can't say for sure. I know that I am buying more AE's and no .90 right now. I have sold only .90 mostly junk type coins and replaced that with gold. But that had more to do with me wanting to convert my junk 90 into gold and .99 silver.
I'm not into bars because it is a lot easier to sell either the AE or junk coins.
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Valued Member
United States
497 Posts |
ill message you on the 5oz
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Pillar of the Community
United States
2049 Posts |
90% coins seem to have lower premium, are recognized as government issued silver, and are fractional silver so there are some nice advantages over 1 oz bars/rounds.
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Pillar of the Community
United States
687 Posts |
90% coins don't need to be assayed. If I buy a roll of morgans or Washington quarters from you, I know exactly what I'm getting - with .999 bars or rounds I don't. ASEs excluded, of course. |
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Pillar of the Community
United States
508 Posts |
Might be people would rather offload their 40/90% silver first, and hold onto their bars/rounds. So there is just a ton more of this stuff floating around. No idea, I'm still relatively new to the silver game.
Edited by Deltron
10/17/2010 11:06 pm
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Pillar of the Community
United States
2049 Posts |
Quote:90% coins don't need to be assayed. If I buy a roll of morgans or Washington quarters from you, I know exactly what I'm getting - with .999 bars or rounds I don't. ASEs excluded, of course. Good point! There are literally 100's of manufacturers/brands of bars and rounds. Some are well known and trusted like Engelhard and Johnson Mathey but others are just stamped 1 troy ounce 0.999 with no manufacturer listed on it. I buy those with caution. |
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Pillar of the Community
United States
584 Posts |
I think a lot of the silver lots you see are people who bought from these Unsearched Bags on E-Bay. Price has gone up some from the buy to sell time so they are selling. Or they kept what they wanted or didn't like or don't know what they have. So they're trying to get back + or = to what they paid. I always see the same break downs. I know I've bought bags from a seller who runs a pretty legit business and have had good turn outs of course 70% is just silver value but almost always 30% are proof, AU, BU, MS. I never noticed the lots of silver until I searched my first one. And like others said you know just what your getting with 90% 40% s. When your eyes are trained to US coins I think its easier to trust in relating everyday handling to bars rounds ect. |
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Pillar of the Community
United States
1450 Posts |
Another reason is the 90% coins are still legal tender and can be spent as is. Bars need to be converted to legal tender and usually at some cost.
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Pillar of the Community
United States
6326 Posts |
Could be nothing more simple than people who have a lot of junk silver in their coffee cans, have seen how high the spot price has gotten and decided to sell it off at the local coin shop or wherever.
Most people DON'T have silver bars laying around....but most everyone seems to have some amount of junk silver laying around, and they've decided that now is the time to do something with it at these prices.
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Valued Member
United States
55 Posts |
Just casual collectors selling their silver stashes. Strong hands tend to be the ones in .999
Edited by Dvorak
10/18/2010 10:37 am
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Valued Member
United States
439 Posts |
With the BabyBoomers retiring, I believe there are probably alot of silver hoarders unloading there collections. I do have a thought though. At some point would all of these coins being sold and melted force the value of all the other remaining coins higher? If there are 10 million coins and 9 million get melted wouldn't the 1 milion thus become more valuable regardless of condition? Just another reason not to sell.
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Pillar of the Community
United States
1547 Posts |
Quote:
90% coins don't need to be assayed. IMHO, that's it, there's no other reason. Silver is silver. There's simply more public confidence when it's in the form of a coin than a bar or some such thing with a stamp on it. Think of it in terms of ease of liquidity when you go to cash off. EDIT: I just thought of another thing, they're getting a bonus in the coins, as they're not paying you for the copper alloy. Edited by eddiespin
10/18/2010 2:19 pm
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Pillar of the Community
 United States
2424 Posts |
@monkeyman:
there is a theory that the 63-p franklin will be the most valuable half dollar based on the fact that a lot of melting occurred that year and the year later they stopped silver coins.. I forget where the article was
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Pillar of the Community
United States
2734 Posts |
Quote:
Strong hands tend to be the ones in .999 If I ever do sell, my .999 bars and rounds will be the first to go. Then my A.S.E.'s. My junk silver would be last to go. No assaying, fractional liquidity down to (literally) a Dime, and ever-decreasing supply with each ramp-up in spot prices. |
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Pillar of the Community
United States
3294 Posts |
I hope so, because I have a ton of the 63 Franklins.
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Replies: 19 / Views: 6,381 |
Posted 10/17/2010 10:53 pm
