I have a number of foreign silver coins and would like to buy more. If I pay spot price for the ASW of the coins should I be able to get spot back out of them? Or would there be a deduct because they aren't US silver or because the silver content is low?
For example:
Canadain silver quarter (cull coin) .15 ASW would this sell at spot?
Foerign coin 1 oz total .3 oz ASW would this sell for spot or would there be a deduct?
The lower the SILVER content, the more the discount. Foreign junk coins, unless they have numismatic value, will be traded at a discount to spot depending on demand and collector interest. Sterling 92.5% and other 90% SILVER foreign seem to have the smallest discount and highest demand. There are many foreign SILVER coins that are 50% (including post-1920 GB which are 50% AGW)) and less AGW.
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
Value of junk silver coins vs spot
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Posted - 02/11/2010 : 07:14:40
