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 Replies: 21 / Views: 2,472 |
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Valued Member
United States
439 Posts |
I didn't see any chatter about the fall of metal prices the past few days. I know I bought Standing Liberty quarters on Wednsday night to wake up with silver down $3.5, and then another $6.50 on Friday. These metals are getting absolutely destroyed. Any comments? I need a bounce here.  |
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Pillar of the Community
United States
2424 Posts |
yup. and now another $2 this morning so far!
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Pillar of the Community
United States
6326 Posts |
How long before the U.S. Mint will actually LOWER their prices ?  Has it ever even happened ? ....  If Silver goes to $25.00 an oz., will the Mint still be selling ASE orders and Silver Proof Sets at their "current" price ? PROLLY ! ......  |
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Valued Member
75 Posts |
Well just checked the mint and they have halted sales of some items
"This product is temporarily unavailable for product repricing."
Pricing down hopefully....
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Pillar of the Community
United States
642 Posts |
Could go either direction from here.
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Pillar of the Community
United States
3345 Posts |
back up to $30, but I see it hit $26 for a bit there...very volatile
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Bedrock of the Community
United States
20753 Posts |
Quote:If Silver goes to $25.00 an oz., will the Mint still be selling ASE orders and Silver Proof Sets at their "current" price ? If Silver should drop to even $1/ounce I'm sure the Mint would say that is just for Regular Silver. We only use high test, purified, homogenized, pasteurized Silver mined in only areas of the World far below sea level.  |
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Pillar of the Community
United States
1231 Posts |
I hope silver tanks all the way back down to $5 an ounce. I have some items I want to buy
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Pillar of the Community
United States
3294 Posts |
shoot at $5 an oz, I would be buying by the bucket.
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Pillar of the Community
United States
968 Posts |
While I'm not one of those "sky is falling! Silver will be $200 an oz. and gold will hit $5000/oz" types, I do think the current drop in prices is temporary. There is starting to be a lot of talk about a double dip recession and further trouble in the European economy. That will cause people to start buying up gold and silver again driving prices back up to at least $40 and possibly touching $50 again.
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Pillar of the Community
United States
539 Posts |
drop baby, drop! There are so many coins that I would love to collect as coins (not silver bullion) that I couldn't be more excited to see the drop. I wonder what this recent discovery of 219 tons of silver is going to do to the prices. Personally I hope it tanks. No pun intended
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Pillar of the Community
Canada
1610 Posts |
Me too, I hope it drops. There is this guy who sells coins in very good to mint state conditions and sells them at melt.
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Pillar of the Community
United States
4333 Posts |
Doesn't appear to be a price drop on epay!
When I listen to LED ZEPPELIN...so do my neighbors...
Roll hunting since '77
Dirt fishing since '72
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Pillar of the Community
United States
500 Posts |
That's what I wondered, only having been back "into collecting" for about 5-6 months now, is when does a big drop/shift trickle down to prices on ebay or at shows etc.? With so many silver coins being "linked" to spot/melt prices these days, you'd think a 25%-35% drop would have a pretty quick and dramatic affect! Not just to bullion but to all of the coins that sell for around "spot" as well. I know many don't "like or trust or care" about PCGS' list prices, but they do seem to react to such things pretty quickly and decisively. I'm starting to work on a Peace dollar XF+ album and a lot of the lower grade ones have dropped 4-5 bucks here recently on their list. I can't really judge too well what the shift has been on ebay though because I just started shopping for them this week! ;) |
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Bedrock of the Community
United States
17884 Posts |
Quote:
These metals are getting absolutely destroyed.
Any comments? Uh, good! |
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Pillar of the Community
United States
2168 Posts |
The Mint dropped both Gold and platinum Eagles yesterday and the Platinum is much less than gold. Time to buy Platinum since it basically is more scarce than gold and when everything settles down could and probably will adjust to beong more costly than gold.
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Replies: 21 / Views: 2,472 |
Posted 09/26/2011 12:49 pm
