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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
 Posted - 04/28/2009 : 17:10:54
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How do you determain what the "going" rate is for 90% silver coins?
If silver is $10/ oz....How much is 90%? ___ X Face?
If silver is $13? $15? 17?
Is there some formula or is the number just a random "going" rate at the time?
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You don't have to be the BEST you just have to be.......SLICK
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ME CO
Penny Pincher Member
USA
199 Posts |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/28/2009 : 17:30:24
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| You must be logged in to see this link. will show the bullion value of 90% silver coins but that doesn't mean that is the price you will be able to buy at. Dealer will mark-up over the spot value on 90% just like the do on bars. At times you may be able to find it below its melt value. Some buyers perfer 90% over bar because 90% is 'hallmarked' as to its purity by the goverment and it is in smaller units of silver. Others on the other hand see it as only 90% pure and the need to refine it down more to get it pure. The same goes for .925 or sterling silver. |
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All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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theo
Penny Hoarding Member
USA
588 Posts |
Posted - 04/28/2009 : 17:38:17
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He's right coinflation is the best source. Anyway here is a list of their silver contents:
Dimes .0715 ounces - Includes Barbers, Mercs and Roosevelts
Quarters .18 ounces - Includes Standing Liberties and Washingtons
Halves (90%) .36 ounces - Includes Walking Liberties, Franklins and 1964 Kennedys
Halves (40%) .148 ounces - Kennedys 1965 -1970
Dollars .77 ounces - Includes Morgans and Peace Dollars
The sad part is, I typed all this out from memory. I need to get out more. |
Edited by - theo on 04/28/2009 17:42:36 |
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Country
1000+ Penny Miser Member
USA
3121 Posts |
Posted - 04/28/2009 : 17:38:17
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Once you know the spot price of silver, it is assumed that there are 715 oz. of silver in each $1000 90% bag. If silver spot is $10, the intrinsic value of a bag is $7150 (or 7.15 X face).
Premiums or discounts on silver bags fluctuate. When silver spot was $10, $1000 bags went for about $9200 (or 9.20 X face). The premium was 2050/7150 = 28.6% over spot or Spot+$2.86.
There's no real formula to determine what is the "X face". What determines that a bag of 90% sells at a premium is excess demand by buyers. Given a silver spot price, it depends on how much demand there is for the coins that will ultimately determine what will be the "X face". So, if you've got big demand, the "X face" will be more than it should be. If you've got everyone selling like it was in 1981, the "X face" will be much less than it should be. |
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Ardent Listener
Administrator
USA
4841 Posts |
Posted - 04/28/2009 : 17:59:44
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quote:
Originally posted by Country
Once you know the spot price of silver, it is assumed that there are 715 oz. of silver in each $1000 90% bag. If silver spot is $10, the intrinsic value of a bag is $7150 (or 7.15 X face).
Premiums or discounts on silver bags fluctuate. When silver spot was $10, $1000 bags went for about $9200 (or 9.20 X face). The premium was 2050/7150 = 28.6% over spot or Spot+$2.86.
There's no real formula to determine what is the "X face". What determines that a bag of 90% sells at a premium is excess demand by buyers. Given a silver spot price, it depends on how much demand there is for the coins that will ultimately determine what will be the "X face". So, if you've got big demand, the "X face" will be more than it should be. If you've got everyone selling like it was in 1981, the "X face" will be much less than it should be.
Good point. As silver prices start to peak 90% becomes less in demand because it has to be refined. As silver prices go up the back log at the refiners get larger. No one wants to be stuck with high cost silver as the price begins to collapse so they start to offer less for 90%. In my humble opinion, holding 90% for a $hit hitting the fan situation may make sense. But if you plan to unload during a price peak you are better off with .999 larger bars. |
Realcent.forumco.com disclosure. Please read.
All posts either by the members, moderators, and the administration of http://realcent.forumco.com are for your edification and amusement only. It is not the intent of realcent.forumco.com or its host to provide investment, medical, matrimonial, legal, security or tax advice and nothing posted here should be considered to be so. All rights reserved.
Think positive. |
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oober
1000+ Penny Miser Member
USA
1304 Posts |
Posted - 04/28/2009 : 18:07:25
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Ask the dealer what his spread is and what he buys at. Then memorize the following...
10x face is approx 14/oz each 1/2 face is 70c...
so 10.5x face = ?
I think 90% is now overpriced and Imo bars are a much better deal right now.
Also learn the dealers out there, I sell to one who who has a higher buy price and buy from another who has a lower sell price...
These guys know each other, you would think they would be in line with each other, but they are consistently 1.5x face different... Works great for me. |
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slickeast
1000+ Penny Miser Member
USA
2533 Posts |
Posted - 04/28/2009 : 19:35:07
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I know about CF and use that site often.
I guess the premium on it is what is the 'odd' number.
maybe checking somewhere like E-bay or APMEX to see what 10 dollar face is going for.
That would show a more real world price for what it is selling at.
My mom always said....something is only worth what someone else is willing to pay you for it. ( flea market seller for as far back as I can remember)
I bought the heck out of .999 when silver fell to less than 9/ oz last year. Made a nice profit when it got back to 12/ oz. (lower premiums on the 9 and higher on the 12) |
You don't have to be the BEST you just have to be.......SLICK
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buyingsilvers
Penny Collector Member
441 Posts |
Posted - 04/28/2009 : 20:02:27
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no real formula, but you get the feel of what its' worth in the current market by watching. Right now, it's hard to gauge because the price of silver has been super volative.
In general, I'd say that if silver is $12.5, then
Kennedy/Washington/Roosevelt= 10-11x
franklin or walkers/walking lib/mercury = 11-12x
barber half/quarter/dime = 13-15x
Of course coin condition, years, silver spot price, supply & demand, etc play a big factor in how much people are willing to pay. |
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myfundsarelow
Penny Collector Member
USA
388 Posts |
Posted - 04/30/2009 : 20:44:36
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| THEO U have a fine head for figuers its tough to remember all the amounts of silver in each silver coin, keep useing that brain mPEACE!! |
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90% Silver...How to determain the price?
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