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legacypac
Administrator
Canada
1653 Posts |
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kavajava
Penny Collector Member
USA
487 Posts |
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pencilvanian
1000+ Penny Miser Member
2034 Posts |
Posted - 08/16/2008 : 18:45:28
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Silver may be in tight supply in many areas but there are pockets of silver still available. My dealer in PA has pre 65 dimes, quarters and halves (not clad) still available to the silver buying public. I would say that that the last time I looked (this past friday) he had about 10 pounds of dimes, 12 pounds of quarters, 20 pounds of halves and 20-25 pounds of Morgans and Peace Dollars. He lets customers pick out what they want since it is all junk silver to him, he resells to smelters the truly junk culls and lets the better stuff get sold to coin/silver buyers who sort for coins in better condition.(I have picked up some nice BU quarters and halves this way.)
The pre 65 coins in question are kept in rectangular tubs behind the counter and he picks them up, sits them on the counter and lets the customer pick out what they want.
He seemd to have a good supply of .999 bars and ingots though I din't pay close attention since I wanted pre 65 coins this time.
Footnote, the dealer is near an navy air base so maybe some of the servicemen and women sell what they have to the dealer to pay their bills until payday rolls around (at least this seems like a possibility.)
(Some days I can't spell worth a darb.) |
Edited by - pencilvanian on 08/16/2008 18:50:44 |
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scott71578
Penny Pincher Member
USA
139 Posts |
Posted - 08/18/2008 : 08:23:09
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i agree there is plenty of silver out there.
the coin shop i go to seems to have an endless supply.
i usually buy 1 roll of engelhard rounds a week until he sold out a few weeks ago. so ive been getting ASE , leaves, JM, or those "strategic stockpile" rounds. i asked how many i can buy at once and he said more than i can carry. and next week he will have the prospectors back in stock for me at spot. so hes getting them somewhere for cheap to make a profit at spot. |
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kavajava
Penny Collector Member
USA
487 Posts |
 Posted - 08/18/2008 : 10:27:40
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quote:
Originally posted by scott71578
and next week he will have the prospectors back in stock for me at spot. so hes getting them somewhere for cheap to make a profit at spot.
That's a great deal--what state are you in? I'd love to be able to walk into a store and buy Prospectors at spot--especially at current spot prices... |
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Lemon Thrower
Penny Pincher Member
USA
201 Posts |
Posted - 08/21/2008 : 11:54:50
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| a $500 or $1000 FV bag 90% used to sell for a 1% to 5% discount to face. spread was higher for lesser amounts. |
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Lemon Thrower
Penny Pincher Member
USA
201 Posts |
Posted - 08/21/2008 : 12:04:09
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| Ted Butler and Ed Steer of GATA beleive that 90% of the price action is from the interplay between the momentum funds and the bullion banks. they don't expect much price action until the price moves above the 200 and 50 dma's. that's when teh momentum funds will jump back in. |
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Copper Catcher
Moderator
USA
594 Posts |
Posted - 08/23/2008 : 11:46:07
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| scott71578 sent you a message.... I would love to get a deal on Engelhard, JM and A-Mark bars... |
DISCLAIMER: The opinions expressed in this message are those of the author and are considered for entertainment purposes only. It is not the intent of this author to provide legal, investment or medical advice and nothing posted here should be considered to be so. You are advised to seek independent counsel to act upon any laws discussed in this communication. |
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moboman
1000+ Penny Miser Member
USA
1330 Posts |
Posted - 08/28/2008 : 01:05:08
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quote:
Once again, the beauty of silver and gold is that they are luxury items, and you cannot eat them. This is why higher prices for gold and silver should hurt nobody, and benefit everyone. Higher prices for precious metals make mining profitable, which should encourage byproduct production of essential things like copper, zinc, and lead, which the developing world desperately needs to be able to continue to industrialize, which will help them to modernize, and produce the food that the world needs.
and in the meantime no one can afford to put wire in a new building, bullets are more expensive, copper everything is being stolen. Is this guy serious??? |
I have a hard time resisting the temptation to take a wheat penny out of the take a penny cup when I see one! |
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Very interesting perspective on Silver
