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 Fair price for 90% junk?		  Forum Locked
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slickeast
1000+ Penny Miser Member


USA
2533 Posts
Posted - 02/22/2009 :  19:02:14  Show Profile Send slickeast a Private Message
What would you buy/sell 90% junk silver for?

10.5x ?
11x ?
11.5x ?
12x ?
You don't have to be the BEST you just have to be.......SLICK

Bootstrap
Penny Collector Member



USA
279 Posts
Posted - 02/22/2009 :  19:10:52  Show Profile Send Bootstrap a Private Message
I paid 12X for some halves shipped recently. I didn't think that too bad due to Silver higher spot price.
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highroller4321
1000+ Penny Miser Member



USA
2648 Posts
Posted - 02/22/2009 :  19:35:54  Show Profile Send highroller4321 a Private Message
11X seems to be the going rate for selling right now
Copper Penny Investing
www.portlandmint.com
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theo
Penny Hoarding Member



USA
588 Posts
Posted - 02/22/2009 :  20:21:37  Show Profile Send theo a Private Message
The best I can do on Ebay is 12 times and usually I have to work to get that. Some of those buyers don't seem to care what they pay. Friday I bid around 12 times for 40 silver quarters and I got outbid by $20. Where do you get 11 times? Craig's List?
Edited by - theo on 02/22/2009 21:08:16
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highroller4321
1000+ Penny Miser Member



USA
2648 Posts
Posted - 02/22/2009 :  20:26:04  Show Profile Send highroller4321 a Private Message
One of my dealers was selling for 11 times. And yeah craigs list and private deals can also be found.
Copper Penny Investing
www.portlandmint.com
Edited by - highroller4321 on 02/22/2009 20:36:09
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Bootstrap
Penny Collector Member



USA
279 Posts
Posted - 02/22/2009 :  20:32:31  Show Profile Send Bootstrap a Private Message
Craigslist is worthless in my own and my folks location. All the sells want ebay or higher prices for their items.
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oober
1000+ Penny Miser Member



USA
1304 Posts
Posted - 02/22/2009 :  20:36:30  Show Profile Send oober a Private Message
Infortunately 12 last week. I probably can find 11.5, but I buy in small increments (less then 10$ face) and I have to consider gas when I look to buy. My dealer less then 2 min away..

He lets me cherry pick all I want. Spent an hr picking out 10$ face of dimes last week.. :)
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highroller4321
1000+ Penny Miser Member



USA
2648 Posts
Posted - 02/22/2009 :  21:02:55  Show Profile Send highroller4321 a Private Message
HAHA cherry picking $10 face in dimes :P

Just posted some 90% in the buy and sell section if you guys are interested
Copper Penny Investing
www.portlandmint.com
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oober
1000+ Penny Miser Member



USA
1304 Posts
Posted - 02/22/2009 :  21:07:53  Show Profile Send oober a Private Message
Some str8 up OCD I have...


Completed a silver rosie collection doing this and only had to buy 4 dimes from otherways. In only 3mo of cherry picking...
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theo
Penny Hoarding Member



USA
588 Posts
Posted - 02/22/2009 :  21:11:01  Show Profile Send theo a Private Message
quote:
Originally posted by highroller4321

HAHA cherry picking $10 face in dimes :P

Just posted some 90% in the buy and sell section if you guys are interested


Wow! Does your dealer realize he's selling to you for less than spot?
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oober
1000+ Penny Miser Member



USA
1304 Posts
Posted - 02/22/2009 :  21:14:54  Show Profile Send oober a Private Message
10$ face of dimes at 12x face... Sorry for the confusion Theo. If I could get less then spot I would max out every credit card and flip it for a tidy profit...

Obv pay the credit card back:)
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CoinHunter53562
1000+ Penny Miser Member



USA
1805 Posts
Posted - 02/22/2009 :  22:03:04  Show Profile Send CoinHunter53562 a Private Message
My main dealer is doing 12x right now
My hobby: collecting real money 1 copper cent or nickel at a time.
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Mikep2020
Penny Collector Member



USA
402 Posts
Posted - 02/23/2009 :  11:38:40  Show Profile Send Mikep2020 a Private Message
I just won an auction on feebay last night for $10 face 90% quarters for 9.8X face value.
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Dan52
Penny Collector Member



USA
422 Posts
Posted - 02/23/2009 :  16:24:35  Show Profile Send Dan52 a Private Message
I paid $7.00 for a walker the other day. I know, that was to high. It was a 1943.
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highroller4321
1000+ Penny Miser Member



USA
2648 Posts
Posted - 02/23/2009 :  19:52:58  Show Profile Send highroller4321 a Private Message
Suprised you guys didnt take my dimes shipped at 11.5 times face in the buy it now section. Everyone is paying 12 plus and when you see a good deal you pass it up lol :P :P hehe
Copper Penny Investing
www.portlandmint.com
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oober
1000+ Penny Miser Member



USA
1304 Posts
Posted - 02/23/2009 :  21:08:05  Show Profile Send oober a Private Message
quote:
Originally posted by highroller4321

Suprised you guys didnt take my dimes shipped at 11.5 times face in the buy it now section. Everyone is paying 12 plus and when you see a good deal you pass it up lol :P :P hehe



I would, but bad timing. I would say your deal is more then in line with what the market is asking.
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rodzm
Penny Pincher Member



USA
143 Posts
Posted - 02/24/2009 :  09:32:35  Show Profile  Send rodzm a Yahoo! Message Send rodzm a Private Message
My dad is bringing some of his halves when he visits me. Would it be wrong to offer him 10x face for his coins???? I figured it would be about equal perhaps slightly more profit by selling his stuff on Ebay but after the fees and everything then his profit would be about 10x face.
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oober
1000+ Penny Miser Member



USA
1304 Posts
Posted - 02/24/2009 :  19:32:18  Show Profile Send oober a Private Message
If hes happy with that, I would offer at least spot for that day, its only fair...

Tell him to visit me I will give him 1x face more!!!
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dakota1955
1000+ Penny Miser Member



2212 Posts
Posted - 02/25/2009 :  13:30:06  Show Profile  Send dakota1955 a Yahoo! Message Send dakota1955 a Private Message
I agree that 12 times is more the spot price. But we all know that what goes up also comes down. I try to stay at 10 times or less. If I don't get the deal there is alway tomorrow.
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Tourney64
1000+ Penny Miser Member



USA
1035 Posts
Posted - 02/25/2009 :  16:32:06  Show Profile Send Tourney64 a Private Message
I paid 9x from a bank teller last week. I was there picking up pennies. She was going to a jewelry store after work, and asked me if I wanted to buy them. She knew I collected coins. I don't know what the jewelry store was paying, but I doubt it was above what I paid. Several Morgans were in the batch. She was happy and I was too. Anyone know what dealers are paying for 90% silver?
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n/a
deleted



84 Posts
Posted - 02/27/2009 :  22:19:42  Show Profile Send n/a a Private Message
10.5X this afternoon
I currently have no signature.
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sunsetcliff
Penny Pincher Member



USA
101 Posts
Posted - 02/28/2009 :  09:49:12  Show Profile Send sunsetcliff a Private Message
ebay has been creaping up in price.
It is great to be here ~ !
http://groups.yahoo.com/group/silverme/
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