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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
 Posted - 07/28/2009 : 13:40:16
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Stopped by a couple of them here in Madison, and both were asking $1.95/each, with silver at $13.73 per ounce. This price was based on what they could sell for to some dealer in Chicago they said. Last week, silver basis was at $13.81 on Friday, and one shop offered them at $1.75/each.
What are your local dealers doing on these?
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My hobby: collecting real money 1 copper cent or nickel at a time.
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 07/28/2009 : 13:49:10
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They are definitely selling for less than their melt value. I think $1.75 each is a good price to buy them. Perhaps the dealers get these from stackers that want to trade up. I wonder what they pay for these. However, I really don't stop by local dealers much.
The current melt for 40%ers is $2.03. You can get 'em for less than that on EBAY if you buy in quantity. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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Edited by - Country on 07/28/2009 14:26:48 |
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 07/28/2009 : 14:05:37
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quote:
Originally posted by Country
They are definitely selling for less than their melt value. I think $1.75 each is a good price to buy them. Perhaps the dealers get these from stackers that want to trade up. I wonder what they pay for these. However, I really don't stop by local dealers much.
The current melt for 40%ers is $2.03. You can 'em for less than that on EBAY if you buy in quantity.
One of them buys from the public at $1.25/each, but I am not sure about the other dealer. I would imagine it's something close to that. If they would have matched the $1.75/each price, I probably would have bought the $200 face bag they had. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 07/28/2009 : 14:17:34
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| The same guy that sold me the 90% for 10X and 80% for 8X wanted.....4.3X for 40%...I almost laughed. I had just picked up some CWR before I went into his shop and got 4 40% at face. |
You don't have to be the BEST you just have to be.......SLICK
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CoinHunter53562
1000+ Penny Miser Member
USA
1805 Posts |
Posted - 07/28/2009 : 14:37:42
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quote:
Originally posted by slickeast
The same guy that sold me the 90% for 10X and 80% for 8X wanted.....4.3X for 40%...I almost laughed. I had just picked up some CWR before I went into his shop and got 4 40% at face.
Wow he is decent on 90%, but high on 40%. I wonder what he is paying for those that makes him sell at $2.15 each. |
My hobby: collecting real money 1 copper cent or nickel at a time.
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smartinson
Penny Collector Member
USA
287 Posts |
Posted - 07/28/2009 : 15:42:03
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Just wondered about prices here, I decided to just call since I have not tried to purchase any 1/2's. There were 2 coin dealers listed. One said his 90% sells today for $6.50 and 40% today at $2.45. He pays $1.10 for the 40%.
The other one said he sells 40% for $2.35 (2.13 if you buy a bag), he buys at $1.15 today. Sells 90% for $7.25 ($5.00 if you buy a bag). So, not so great a deal here in West Texas compared to others. |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 07/28/2009 : 15:50:45
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The dealers' spread is pretty wide. Of course, they gotta make money to stay in business.
I think one of the best places to get a feeling for the market of 40% is at Bullion Direct: Bid $370 ($1.85 each) Ask $379.95 ($1.90 each) for a $100 bag of them. So, if you could buy 40%ers at around $1.80 each you're doing good. |
---> Come to the new and improved realcent: http://realcent.org
The things that will destroy America are prosperity-at-any-price, peace-at-any-price, safety-first instead of duty-first, the love of soft living, and the get-rich-quick theory of life.
– Theodore Roosevelt
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AGgressive Metal
Administrator
USA
1937 Posts |
Posted - 07/28/2009 : 15:56:45
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| A prominent dealer in Cinci pays about $1.65 last time I was there. |
And he that hath lyberte ought to kepe hit wel / For nothyng is better than lyberte / For lyberte shold not be wel sold for alle the gold and syluer of all the world.
-Caxton's edition of Aesop's Fables, 1484 |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 07/28/2009 : 17:23:51
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The dealer I was at Sunday was selling them for $2.25 each. Yet they were selling the 90% for 10X. They wanted 95¢ for a war nick.
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Going rate for 40% halves at your local dealers
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