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What Is Current Value Of This 10 oz Silver Bar?

WQuarterFreddieWQuarterFreddie Posts: 2,548 ✭✭✭✭✭
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: 5,310 ✭✭✭✭✭

    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: 1,447 ✭✭✭✭✭

    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: 2,548 ✭✭✭✭✭

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

    Thanks!😎

  • PerryHallPerryHall Posts: 45,399 ✭✭✭✭✭

    $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.

  • rickoricko Posts: 98,724 ✭✭✭✭✭

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

  • TwoSides2aCoinTwoSides2aCoin Posts: 43,832 ✭✭✭✭✭
    edited October 11, 2021 8:14AM

    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: 2,548 ✭✭✭✭✭

    @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: 5,305 ✭✭✭✭✭
    edited October 11, 2021 6:44PM

    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: 2,548 ✭✭✭✭✭

    We agreed on $260. Deal is done.

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

  • blitzdudeblitzdude Posts: 5,438 ✭✭✭✭✭

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

    The whole worlds off its rocker, buy Gold™.

  • WQuarterFreddieWQuarterFreddie Posts: 2,548 ✭✭✭✭✭

    @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: 9,590 ✭✭✭✭✭

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

  • blitzdudeblitzdude Posts: 5,438 ✭✭✭✭✭

    @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!

    The whole worlds off its rocker, buy Gold™.

  • WQuarterFreddieWQuarterFreddie Posts: 2,548 ✭✭✭✭✭
    edited October 12, 2021 3:03PM

    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: 43,832 ✭✭✭✭✭

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

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