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JerrySpringer
Penny Hoarding Member
669 Posts |
 Posted - 10/18/2008 : 18:51:22
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I have not contacted our coin shop lately to find out what they want for junk silver. A few weeks ago I think they wanted 10x face value. Now that silver is in the $9 range, and given that a 90% silver coin right now is roughly 6.7 x face in silver value, I'd expect them to drop to 9x face. I see on Ebay it is more like 10x face for the 90% coins. Anyone finding 9x face or less right now?
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Kurr
1000+ Penny Miser Member
2906 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 10/18/2008 : 20:13:26
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| I got a quote of 10.2 X face today for 90% half dollars. Just about the only silver left at the Erie dealers today. But I bet you would be hard pressed to get him to buy at 6 X face. |
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Think positive. |
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misteroman
Administrator
USA
2565 Posts |
Posted - 10/18/2008 : 23:26:49
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| I stll think ebay is around 11X.I have a 32-s quarter I still want to get rid of and want to see if he will make a trade |
Buying CU cents!!!! Paying 1.2 unlimited amounts wanted. Can pick up if near Ohio area. |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 10/21/2008 : 10:21:41
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About a month ago a hobby shop that has a coin section was selling junk Ag at 9X. 2 weeks ago they bumped it up to 10X, even though the price of Ag was lower. I offered to pay 9X and they refused.
That is the cheapest so far, that I have been able to find in my parts at a brick & morter store. Most of it was worn and dateless, definiteley junk. I have pulled better looking stuff from circulation.
This company has some attractive prices for junk Ag, their shipping seems reasonable too.
You must be logged in to see this link.
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Edited by - Bluegill on 10/21/2008 10:24:50 |
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scooter
Penny Pincher Member
240 Posts |
Posted - 10/21/2008 : 18:46:38
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| found 8,5x on c/l |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 10/23/2008 : 19:04:36
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| C/L? |
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aaron239
Penny Collector Member
USA
260 Posts |
Posted - 10/23/2008 : 19:06:48
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| probably Craigs List |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 10/23/2008 : 20:39:37
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| Duh.... |
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highroller4321
1000+ Penny Miser Member
USA
2648 Posts |
Posted - 10/25/2008 : 21:14:19
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| My local dealers are paying 7 times face |
Copper Penny Investing
www.portlandmint.com |
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Flbandit
Penny Hoarding Member
USA
851 Posts |
Posted - 10/26/2008 : 17:59:19
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| I went to a coin show last week and the best price I found was 10X face for halfs. I ended up finding a decent deal on a few Canadian Loonies though. |
Are you throwing that out? |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/26/2008 : 23:21:00
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I went to a coin show last week and was quoted 10.5x face. I thought that was a bit high considering the spot price. Then I found out the same dealer was paying 9.5-10x.. so that seemed to be the market at that show. I was able to buy a small amount at 9.2 and another small amount at 8.5x. It is tough to find any out here in decent quantities for a fair price.  |
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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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 10/27/2008 : 23:01:39
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If the dealer is paying 10x and selling for 10.5, that is a pretty solid dealer.
My spread is way higher ;-) |
www.londongoldbuyer.com |
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Nickelmeister
Penny Hoarding Member
Canada
588 Posts |
Posted - 10/27/2008 : 23:27:10
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| Don't brag too much Daniel - remember, some of us here are your customers! lol |
www.WinnipegGoldBuyer.com
Standing offer for sale of quality, second-hand solid gold jewellery:
<$100 USD worth - spot +25%, plus actual shipping
$101-500 worth - spot +20%, plus actual shipping
$501-1,000 worth - spot +15%, plus actual shipping
$1,001+ worth - spot +10%, plus actual shipping |
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HoardCopperByTheTon
Administrator
USA
6807 Posts |
Posted - 10/28/2008 : 00:58:53
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| I was suprised he was paying that much.. usually spreads are higher. Makes me think he wasn't having a lot of problems unloading it at 10.5. Of course that was before the latest price drop.. now he will probably want 11x.. LOL |
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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fasTTcar
Penny Hoarding Member
Canada
573 Posts |
Posted - 10/28/2008 : 06:34:18
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Point taken Nickelmeister, but I meant that I buy it much cheaper and sell it at market.
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www.londongoldbuyer.com |
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n/a
deleted
146 Posts |
Posted - 10/28/2008 : 06:52:12
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Hoard there are a lot of smaller dealers that are paying a lot more to get silver in stock than they normally would thanks to the widely publicized 'silver shortage' hence the decreasing spread.
I think there's such a thing as a *cheap* silver shortage but not necessarily a silver shortage...at least not yet. |
Edited by - n/a on 10/28/2008 06:52:59 |
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Local face value ratio of junk silver ?
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