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 how much times face for silver?		  Forum Locked
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byro007
Penny Collector Member



USA
399 Posts
Posted - 08/22/2008 :  12:21:23  Show Profile  Click to see byro007's MSN Messenger address  Send byro007 a Yahoo! Message Send byro007 a Private Message
what are dealers buying 90% silver coins for right now?
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n/a
deleted



51 Posts
Posted - 08/22/2008 :  19:17:55  Show Profile Send n/a a Private Message
thanks for trying to help me.

so take .25 piece

.25 x .715 = .17875 x $13.33 spot price = $2.38 per quarter? which is 9x face. if someone wants anything more then that its a rip off?

someone wanted 15x face at a shop the other day. i basically couldnt tell them why but i knew they were nuts! if i am doing the math correct above then for sure they are nuts!!
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jadedragon
Administrator



Canada
3788 Posts
Posted - 08/22/2008 :  19:34:11  Show Profile Send jadedragon a Private Message
quote:
Originally posted by russell

thanks for trying to help me.

so take .25 piece

.25 x .715 = .17875 x $13.33 spot price = $2.38 per quarter? which is 9x face. if someone wants anything more then that its a rip off?

someone wanted 15x face at a shop the other day. i basically couldnt tell them why but i knew they were nuts! if i am doing the math correct above then for sure they are nuts!!


I agree with your math. Further $2.38/.25 = 9.52X face. At about $21 per ounce junk 90% sells for 15X face, so they are not nuts, they just have not adjusted for the current dip in price. I'm not selling at 9X face (or at 15X face either) but everyone can set thier buy and sell prices wherever they want too.

Also consider that some are trying to sell "junk" silver as collectable... one man's junk is another man's treasure.
“The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore all progress depends on the unreasonable man.” – George Bernard Shaw.
Why Copper Bullion ~~~ Interview with Silver Bullion Producer Market Harmony
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n/a
deleted



51 Posts
Posted - 08/22/2008 :  19:42:23  Show Profile Send n/a a Private Message
Thanks!

So again bottomline for really junk silver nothing special what is the correct price to pay when silver is 13.33/oz?

i see on ebay a guy wants 599 for 200 .25 cent pieces.

my math says i shouldnt pay more then $476 correct?

thanks!!!!!
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Neckro
1000+ Penny Miser Member



Saudi Arabia
2080 Posts
Posted - 08/22/2008 :  21:18:41  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message
Ebay never currently follows spot price, or current value of silver. =/ It takes a long while for people to level out. I saw people paying 20bucks per 1ounce bar, they could buy from the manufacturers website for 15. =/
Trolling is an art.
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n/a
deleted



51 Posts
Posted - 08/22/2008 :  22:07:41  Show Profile Send n/a a Private Message
so forget ebay. at the coin shop for Sh__t junk silver

what is the correct price to pay when silver is 13.33/oz?

my math says i shouldnt pay more then $476 correct?

thanks!
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Neckro
1000+ Penny Miser Member



Saudi Arabia
2080 Posts
Posted - 08/22/2008 :  22:53:06  Show Profile  Send Neckro an AOL message  Click to see Neckro's MSN Messenger address  Send Neckro a Yahoo! Message Send Neckro a Private Message
You must be logged in to see this link.

Try that manz that's about as close as a reference I can give you.
Trolling is an art.
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HoardCopperByTheTon
Administrator



USA
6807 Posts
Posted - 08/22/2008 :  23:05:48  Show Profile Send HoardCopperByTheTon a Private Message
You should buy it as cheap as you can. But when the price moves up or down significantly the spreads increase substantially. If would be hard to find a coin shop selling for "spot" right now unless they really needed to raise money in a hurry. There are not a lot of motivated sellers at the current price level.
If your percentages are low.. just sort more. If your percentages are high.. just sort more.

Now selling Copper pennies. 1.6x plus shipping. Limited amounts available.
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fb101
Administrator



USA
2856 Posts
Posted - 08/23/2008 :  07:50:39  Show Profile Send fb101 a Private Message
Try this:
Silver price = Face price
1.38=1X
2.76=2X
4.15=3X
5.53=4X
6.91=5X
8.29=6X
9.67=7X
11.06=8X
12.44=9X
13.82=10X
15.20=11X
16.58=12X
17.97=13X
19.35=14X
20.73=15X
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