I am kicking myself for not buying a $1,000 face bag for $17.xx just a few weeks ago. Ima blamin' you Blitzdude for my hes.....it....tation cause you said gutter was goin lower:)
I stopped at the local coin and jewelry a few days ago,
Buying 90% at 18x, I forgot to ask what the sell price was.
ASE were buy at +4 and sell at +10.
Yesterday I was offered 19.7 x face for $ 1000 face quarters and dimes by Provident Metals. I thought that was a little low since they are selling 90% at 31.5 times face on their web site.
Past transactions with: Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
@BobSav said:
Yesterday I was offered 19.7 x face for $ 1000 face quarters and dimes by Provident Metals. I thought that was a little low since they are selling 90% at 31.5 times face on their web site.
That is crazy. They're asking almost double melt value for circulated quarters. Somebody must be buying at that price but I can't imagine who it is.
@BobSav said:
Yesterday I was offered 19.7 x face for $ 1000 face quarters and dimes by Provident Metals. I thought that was a little low since they are selling 90% at 31.5 times face on their web site.
That is crazy. They're asking almost double melt value for circulated quarters. Somebody must be buying at that price but I can't imagine who it is.
Strange, just a quick look on eBay finds Liberty, Coin exchange, Pinehurst etc. selling 90% gutter at 20-21x. I doubt anyone is paying Provident 31.5x. If they are well then Barnum's words ring truer today than ever. THKS!
@BobSav said:
Yesterday I was offered 19.7 x face for $ 1000 face quarters and dimes by Provident Metals. I thought that was a little low since they are selling 90% at 31.5 times face on their web site.
That is crazy. They're asking almost double melt value for circulated quarters. Somebody must be buying at that price but I can't imagine who it is.
Strange, just a quick look on eBay finds Liberty, Coin exchange, Pinehurst etc. selling 90% gutter at 20-21x. I doubt anyone is paying Provident 31.5x. If they are well then Barnum's words ring truer today than ever. THKS!
Can you provide a link? I was looking at 90% earlier this morning on ebay. The majority was 24x-27x.
@BobSav said:
Yesterday I was offered 19.7 x face for $ 1000 face quarters and dimes by Provident Metals. I thought that was a little low since they are selling 90% at 31.5 times face on their web site.
That is crazy. They're asking almost double melt value for circulated quarters. Somebody must be buying at that price but I can't imagine who it is.
Strange, just a quick look on eBay finds Liberty, Coin exchange, Pinehurst etc. selling 90% gutter at 20-21x. I doubt anyone is paying Provident 31.5x. If they are well then Barnum's words ring truer today than ever. THKS!
Can you provide a link? I was looking at 90% earlier this morning on ebay. The majority was 24x-27x.
The closest I could find were cull quarters at 21.5x from pinehurst. (or 20.8 for $100 bag) $100 bags of avg circ are 22.7x
Wanted to add that these were the same prices that were there last night, before the crash this morning so it doesn't look like they're moving the price.
I sense high prices (inflation) taking it's toll. And freebie type money starting to run out? More individuals might be getting a little more stretched financially.
@anablep said:
I was just paid 20.5X face for rolls of 90% Kennedy halves FWIW.
Sounds about what they were paying 40 years ago. RGDS!
.
I refer you to my post from a few days ago in another thread (with new comments added afterwards):
.
@dcarr said:
I was there in 1980, standing in line at the coin shops to sell silver. On the day that "spot" price hit $46, I took my 1960-1964 proof sets to sell (all 8 of them). I checked around a few places and the best I could get was 21 times face value. Those proof sets were the only silver I had that wasn't worth more than 21 times face. It seems everyone knew the spike to $50 was artificial and so the premiums were steeply negative. I saw NOBODY going to the coin shops to buy at that time - the only real buyer at that price was the Hunt Brothers and everything was headed from the coin shops to the smelters to make COMEX bars to deliver to the Hunts.
Over the years after that, when the price was a lot lower, I bought a little 90% coin here and there. The lowest post-1980 price that I was ever able to buy 90% silver coin was 2.5 times face value. Today, 90% "junk" silver is pretty close to where it was back in 1980.
.
As I wrote, in 1980 NOBODY, except the Hunt Brothers (indirectly) were paying more than 21 times face.
40 years ago (July/August 1983), silver was about $12.25 . The "junk" 90% silver coin could be bought from coin shops at that time for about 8.5 times face. For the second half of the 1980s, and almost all of the 1990s, 90% silver coin could be bought for about 4 times face value.
Prior to the Y2K scare of 1999/2000, 90% junk silver never had much of a premium and sometimes had a negative premium.
It's never been in the gutter. It's always been just silver.
Oniy in the minds of those who bought wrong and sold wrong. Nobody's perfect but anyone who continually makes excuses for their bad timing are simply "sour grapes".
Q: Are You Printing Money? Bernanke: Not Literally
Comments
I am kicking myself for not buying a $1,000 face bag for $17.xx just a few weeks ago. Ima blamin' you Blitzdude for my hes.....it....tation cause you said gutter was goin lower:)
I have been picking some "junk" silver at the antique store for 24X face.
I picked these two up Sunday.
I have no intention of spending anymore than 24 X for junk silver. But I thought that was the case when junk hit 20X face.
Junk silver premiums are close to 30 X face in my neck of the woods.
I am no longer buying. I will just be happy with what I already have.
A good buddy of mine was at Central states show and was being quoted 26x face.
In my area prices are holding 24x or slightly lower.
24X is up about 15% from what I paid just a couple months ago.
I knew it would happen.
gutter metal? LOL
Natural forces of supply and demand are the best regulators on earth.
at my LCS i paid 24x this past Friday 4/28
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Today, one of my coin stores is charging 23 X face, another is charging 28 X face. Quite a difference!
The antique store is charging 24 X face.
Shop around and compare prices.
Local shop was selling at 21x last week. JMBullion is buying for 19.88x
I was just going to ask what dealers are paying.
Half dollars can be priced higher. My wholesaler is buying halves at 2x more than 10/25¢.
Xf-Au can be priced higher than G-F dimes & qtrs.
I think it's important to note the difference.
I stopped at the local coin and jewelry a few days ago,
Buying 90% at 18x, I forgot to ask what the sell price was.
ASE were buy at +4 and sell at +10.
Successful BST Transactions: erwindoc, VTchaser, moursund, robkool, RelicKING, Herb_T, Meltdown, ElmerFusterpuck
Yesterday I was offered 19.7 x face for $ 1000 face quarters and dimes by Provident Metals. I thought that was a little low since they are selling 90% at 31.5 times face on their web site.
Lordmarcovan, WTCG, YogiBerraFan, Phoenin21, LindeDad, Coll3ctor, blue594, robkoll, Mike Dixon, BloodMan, Flakthat and others.
That is crazy. They're asking almost double melt value for circulated quarters. Somebody must be buying at that price but I can't imagine who it is.
Strange, just a quick look on eBay finds Liberty, Coin exchange, Pinehurst etc. selling 90% gutter at 20-21x. I doubt anyone is paying Provident 31.5x. If they are well then Barnum's words ring truer today than ever. THKS!
The whole worlds off its rocker, buy Gold™.
Can you provide a link? I was looking at 90% earlier this morning on ebay. The majority was 24x-27x.
Successful transactions with: robkool, Walkerguy21D, JimW, Bruce7789, massscrew, Jinx86, jonasdenenbergllc, Yorkshireman, bobsr, tommyrusty7, markelman1125, Kliao, DBSTrader2, SurfinxHI, ChrisH821, CoinHoarder, Bolo, MICHAELDIXON, bigtime36, JWP, 1960NYGiants, fishteeth
The closest I could find were cull quarters at 21.5x from pinehurst. (or 20.8 for $100 bag) $100 bags of avg circ are 22.7x
https://ebay.com/itm/175700986173
Wanted to add that these were the same prices that were there last night, before the crash this morning so it doesn't look like they're moving the price.
Thanks. 21.5x isn't bad if they weren't cull. Their cull SLQ's are even cheaper.
Successful transactions with: robkool, Walkerguy21D, JimW, Bruce7789, massscrew, Jinx86, jonasdenenbergllc, Yorkshireman, bobsr, tommyrusty7, markelman1125, Kliao, DBSTrader2, SurfinxHI, ChrisH821, CoinHoarder, Bolo, MICHAELDIXON, bigtime36, JWP, 1960NYGiants, fishteeth
Ask was 20x face today at the LCS
19.7 x face for roosies: (not mine): https://www.ebay.com/itm/125970222755?
bob
22 X face today at the coin show.
Premiums offered by one particular wholesaler for 90% just dropped by a couple of points.
If the premium is dropping, what does that mean right now? Better supply? Less demand? Apparently something has changed?
I knew it would happen.
I sense high prices (inflation) taking it's toll. And freebie type money starting to run out? More individuals might be getting a little more stretched financially.
Joe 6pk is tight right now.
It means nobody's buying gutter. THKS!
The whole worlds off its rocker, buy Gold™.
It means nobody's buying gutter. THKS!
That doesn't explain why the price has been going up for the past 20 days, but "THKS" anyway.
I knew it would happen.
LCS selling at 19 X face today…. Buying at 16x
https://forums.collectors.com/discussion/1092898/state-quarter-silver-proof-cheaper-than-junk-silver#latest
https://monumentmetals.com/90-silver-modern-1-face-value.html
Picked these “junkers” up at my LCS today for 22 X face.
I was just paid 20.5X face for rolls of 90% Kennedy halves FWIW.
"Bongo hurtles along the rain soaked highway of life on underinflated bald retread tires."
~Wayne
bulionexchanges is selling $100 90% for 21% and buying the same for 17%.
Natural forces of supply and demand are the best regulators on earth.
Sounds about what they were paying 40 years ago. RGDS!
The whole worlds off its rocker, buy Gold™.
.
I refer you to my post from a few days ago in another thread (with new comments added afterwards):
.
.
As I wrote, in 1980 NOBODY, except the Hunt Brothers (indirectly) were paying more than 21 times face.
40 years ago (July/August 1983), silver was about $12.25 . The "junk" 90% silver coin could be bought from coin shops at that time for about 8.5 times face. For the second half of the 1980s, and almost all of the 1990s, 90% silver coin could be bought for about 4 times face value.
Prior to the Y2K scare of 1999/2000, 90% junk silver never had much of a premium and sometimes had a negative premium.
.
out of the gutter and into the . . ..
Natural forces of supply and demand are the best regulators on earth.
It's never been in the gutter. It's always been just silver.
Oniy in the minds of those who bought wrong and sold wrong. Nobody's perfect but anyone who continually makes excuses for their bad timing are simply "sour grapes".
I knew it would happen.