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What Is Current Value Of This 10 oz Silver Bar?

WQuarterFreddieWQuarterFreddie Posts: 2,630 ✭✭✭✭✭
in Precious Metals

I am trying to work out a trade with a fellow member. I am offering this 10 oz Silver Bar for his W quarters.

Please advise on what is the current value of this bar. Ebay completed sales range from $250 to $330.

I would appreciate your feedback!

Comments

  • MilesWaitsMilesWaits Posts: 5,338 ✭✭✭✭✭

    That is by far the easiest math question I’ve ever been given!
    $290

    Now riding the swell in PM's and surf.
  • rte592rte592 Posts: 1,662 ✭✭✭✭✭

    I'd have to agree $290 is in the middle of the sold listings on eba.

    That being said it's a fairly generic bar, so spot and what ever premium you can get.

  • WQuarterFreddieWQuarterFreddie Posts: 2,630 ✭✭✭✭✭

    Just wanted confirmation from fellow members so both of us made a "fair" trade.

    Thanks!😎

  • PerryHallPerryHall Posts: 46,106 ✭✭✭✭✭

    $275 sounds about right for a straight trade assuming the W quarters aren't being priced at a retail level.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • rickoricko Posts: 98,724 ✭✭✭✭✭

    How many W quarters in this transaction?? Or is that to be negotiated? Cheers, RickO

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,283 ✭✭✭✭✭
    edited October 11, 2021 7:14AM

    I traded Mercury dimes for "W" quarters. 4 for one.
    For strait silver (like the bar) , he would have had to give me 25 quarters. Was that fair ?

    Edit to add : that's a side bar. But ten bucks each seemed fair.

  • WQuarterFreddieWQuarterFreddie Posts: 2,630 ✭✭✭✭✭

    @ricko said:
    How many W quarters in this transaction?? Or is that to be negotiated? Cheers, RickO

    The amount of W quarters is irrelevant because we are just trying to determine current market value of the Silver bar.

    Specifically, what premium does this bar have over melt value?

  • DrBusterDrBuster Posts: 5,378 ✭✭✭✭✭
    edited October 11, 2021 5:44PM

    As generic of a 10oz bar as you can get. My old lcs sent everything to this refiner and got these 10ozers in return. Spot plus whatever premium you settle on....

  • WQuarterFreddieWQuarterFreddie Posts: 2,630 ✭✭✭✭✭

    We agreed on $260. Deal is done.

    Thanks to everyone who took the time to respond to my question 😎

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    Looks like about $225 as of this AM. RGDS!

  • WQuarterFreddieWQuarterFreddie Posts: 2,630 ✭✭✭✭✭

    @blitzdude said:
    Looks like about $225 as of this AM. RGDS!

    That is spot price with no premium. Have you tried to buy any physical silver lately? Good luck finding a bar at spot price.😎

  • jdimmickjdimmick Posts: 9,672 ✭✭✭✭✭

    I got silver in the shop at 24.50 and its just sittin with no buyers

  • blitzdudeblitzdude Posts: 5,886 ✭✭✭✭✭

    @WQuarterFreddie said:

    @blitzdude said:
    Looks like about $225 as of this AM. RGDS!

    That is spot price with no premium. Have you tried to buy any physical silver lately? Good luck finding a bar at spot price.😎

    Most mom and pop shops will offer you under spot when you go to sell generic bars. Upstate is currently buying 10oz @ $0.65 over so a $6.50 premium. After the covid induced supply chain disruption fully corrects it has never been hard to find generics at spot or less. Glad you got it sold. Congrats!

  • WQuarterFreddieWQuarterFreddie Posts: 2,630 ✭✭✭✭✭
    edited October 12, 2021 2:03PM

    Thank you! We were doing a trade vs. cash and we have done a couple of trades before this one so I paid a little more than I wanted to for the W quarters and he paid a little more than he wanted for the silver bar😉

  • TwoSides2aCoinTwoSides2aCoin Posts: 44,283 ✭✭✭✭✭

    It's a fair and square deal when you're both satisfied.

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