JUNK Constitutional & .999 SILVER DEALER / FEE BAY price tracker

softparade

I thought I would start a thread and see if it sticks. To track 90 and 40 consti (aka JUNK). Please do add a dealer you may know about! But if I'm talking to myself in here no problem. I'm good at that.

12/15/2025 - Vermillion Enterprises - Spring Hill, FL
90% CULL Silver Morgan & Peace dollars - BUY $42 SELL $45
90% Dimes, Quarters, Halves - BUY spot -7 SELL spot -5
40% Halves - BUY spot -9 SELL spot -7
NOTE - They do a update almost every business day during the year but this one might be one of if not the last for 2025

Mike59

Great idea!
🙏
Mike

jmski52

Here is the buy & sell trading sheet from Scotsmans in St. Louis. It gets updated continuously. Good resource.

https://scoins.com/pricelist/tradingsheet.aspx

softparade

@jmski52 said:
Here is the buy & sell trading sheet from Scotsmans in St. Louis. It gets updated continuously. Good resource.

https://scoins.com/pricelist/tradingsheet.aspx

Awesome! Thank You

softparade

Average per Morgan Dollar sell price on Fee Bay including shipping ... 20 different auctions all ending today. Most average circulated to UNC
12/16/2025

$47.89 ea.

blitzdude

@softparade said:
Average per Morgan Dollar sell price on Fee Bay including shipping ... 20 different auctions all ending today. Most average circulated to UNC
12/16/2025

$47.89 ea.

Now subtract all your fees/shipping then realize the "net". THKS!

Edit: The melt is currently $49.26 @ $63.69 gutter.

softparade

@blitzdude said:

@softparade said:
Average per Morgan Dollar sell price on Fee Bay including shipping ... 20 different auctions all ending today. Most average circulated to UNC
12/16/2025

$47.89 ea.

Now subtract all your fees/shipping then realize the "net". THKS!

Edit: The melt is currently $49.26 @ $63.69 gutter.

LOL I don't SELL

softparade

Junkers, go to 2:45

https://youtu.be/Ax0csggPtCo?si=Ko6S9gfyJg-bG2RX

softparade

12/18/2025 - Vermillion Enterprises - Spring Hill, FL
90% CULL Silver Morgan & Peace dollars - BUY $44 SELL $47
90% Dimes, Quarters, Halves - BUY spot -7 SELL spot -5 (Reported as the best seller in their shop right now)
40% Halves - BUY spot -9 SELL spot -7

blitzdude

@softparade said:
12/18/2025 - Vermillion Enterprises - Spring Hill, FL
90% CULL Silver Morgan & Peace dollars - BUY $44 SELL $47
90% Dimes, Quarters, Halves - BUY spot -7 SELL spot -5 (Reported as the best seller in their shop right now)
40% Halves - BUY spot -9 SELL spot -7

Ouch, that right there is absolutely brutal. THKS!

softparade

@blitzdude said:

@softparade said:
12/18/2025 - Vermillion Enterprises - Spring Hill, FL
90% CULL Silver Morgan & Peace dollars - BUY $44 SELL $47
90% Dimes, Quarters, Halves - BUY spot -7 SELL spot -5 (Reported as the best seller in their shop right now)
40% Halves - BUY spot -9 SELL spot -7

Ouch, that right there is absolutely brutal. THKS!

uh, no.

blitzdude

Garbage worth less than it's paper price. LuLZ!

softparade

@blitzdude said:
Garbage worth less than it's paper price. LuLZ!

You obviously have no idea what 90% US Constitutional is. God Bless America!

dcarr

@blitzdude said:

@softparade said:
12/18/2025 - Vermillion Enterprises - Spring Hill, FL
90% CULL Silver Morgan & Peace dollars - BUY $44 SELL $47
90% Dimes, Quarters, Halves - BUY spot -7 SELL spot -5 (Reported as the best seller in their shop right now)
40% Halves - BUY spot -9 SELL spot -7

Ouch, that right there is absolutely brutal. THKS!

@blitzdude said:
Garbage worth less than it's paper price. LuLZ!

.

So dumb.

Have fun OVERPAYING for your SLV - it is WAY OVERPRICED.

The quoted spread between buy and sell on 90% silver coin is $2 per troy ounce of 999 content.
Not bad.

I can buy 90% silver coin for $6 under "spot". This is the true market.
SLV is OVERPRICED by at least $6 per troy ounce.

.

RedneckHB

@dcarr said:
I can buy 90% silver coin for $6 under "spot". This is the true market.
.

So the spot price is incorrect? For years and years and years the spot price is what has been used by dealers and stackers and collectors. Now it is incorrect? How does that instill confidence for someone looking to establish a value for their silver? Derryb frequently states (correctly) that confidence is very important, so how should a stacker feel confident if the price they have used for decades is now considered false or inaccurate?

jmski52

The spot price is a Comex contract price but it doesn't reflect what goes on in retail shops or even at the wholesale level. Buy and sell pricing is determined by what the retail market determines should be the appropriate discount or premium and those numbers are widely known at the retail level.

A discount or a premium can exist at the retail level depending on any number of factors involving both supply and demand.

There is no reason for any loss of confidence unless you don't understand market pricing dynamics. To suggest a loss of confidence in a well-functioning market doesn't make any sense.

softparade

@jmski52 said:
The spot price is a Comex contract price but it doesn't reflect what goes on in retail shops or even at the wholesale level. Buy and sell pricing is determined by what the retail market determines should be the appropriate discount or premium and those numbers are widely known at the retail level.

A discount or a premium can exist at the retail level depending on any number of factors involving both supply and demand.

There is no reason for any loss of confidence unless you don't understand market pricing dynamics. To suggest a loss of confidence in a well-functioning market doesn't make any sense.

Absolutely 100% spot on. SPOT price has never and will never be a level you should expect as a given when selling in the marketplace. Sometimes you might get higher than spot for various legit possible reasons. Sometimes you will be quoted well back of spot. Sometimes you will be quoted right at spot.

Honestly, I assumed that this knowledge was a given in a forum like this.

dcarr

@RedneckHB said:

@dcarr said:
I can buy 90% silver coin for $6 under "spot". This is the true market.
.

So the spot price is incorrect? For years and years and years the spot price is what has been used by dealers and stackers and collectors. Now it is incorrect? How does that instill confidence for someone looking to establish a value for their silver? Derryb frequently states (correctly) that confidence is very important, so how should a stacker feel confident if the price they have used for decades is now considered false or inaccurate?

.

Was NEGATIVE -$40 per barrel of oil the "correct" price for oil ?
The short-term futures (spot) price hit that level once.

.

RedneckHB

@dcarr said:

@RedneckHB said:

@dcarr said:
I can buy 90% silver coin for $6 under "spot". This is the true market.
.

So the spot price is incorrect? For years and years and years the spot price is what has been used by dealers and stackers and collectors. Now it is incorrect? How does that instill confidence for someone looking to establish a value for their silver? Derryb frequently states (correctly) that confidence is very important, so how should a stacker feel confident if the price they have used for decades is now considered false or inaccurate?

.

Was NEGATIVE -$40 per barrel of oil the "correct" price for oil ?
The short-term futures (spot) price hit that level once.

.

An expiring contract that had almost volume hit that price. It almost like saying some dude in Aurora, Co sold a 10 oz bar of silver for $7, therefore that's the price. The active month was not -$40. And the most widely traded oil, Brent, never went negative.

But enough of an oil education for you. This is a silver forum. And for decades SPOT was ALWAYS used as basis for the retail stacker, collector, dealer. Now you say it's irrelevant?

To a redneck hillbilly it just seems a bit absurd that folk are so willing to trade at premiums and discounts. And it's not like it's pennies on the dollar. Folk paid 10-20% premiums, and now sell at 10-20% discounts. What kind of market is that?

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

bigjpst

Recent experience at the PCGS trade and grade.
Bought some 90% dimes at -$2 face. (45x)Asking $46 for 1921 Morgans and $47 for pre 21. At the time was also -$2 I believe. Stacks was there and that’s roughly what they were buying at, so no reason for him to sell to me any lower. Same dealer asking +1 for .999.
Heard him on the phone offering 38x as a buy to someone.

Different dealer bought an MS64 saint for $3800. Guy was happy to sell because the highest offer he had received in the room was $3500 and most wouldn’t even make him an offer.

UpGrayedd

@bigjpst said:
Recent experience at the PCGS trade and grade.
Bought some 90% dimes at -$2 face. (45x)Asking $46 for 1921 Morgans and $47 for pre 21. At the time was also -$2 I believe. Stacks was there and that’s roughly what they were buying at, so no reason for him to sell to me any lower. Same dealer asking +1 for .999.
Heard him on the phone offering 38x as a buy to someone.

Different dealer bought an MS64 saint for $3800. Guy was happy to sell because the highest offer he had received in the room was $3500 and most wouldn’t even make him an offer.

Someone sold a MS64 DE Saint for $3800? He got ripped. Spot is ~$4200, and JM Bullion's current buy price for generic PCGS and NGC graded Saints is $4141.

dcarr

@bigjpst said:
Recent experience at the PCGS trade and grade.
Bought some 90% dimes at -$2 face. (45x)Asking $46 for 1921 Morgans and $47 for pre 21. At the time was also -$2 I believe. Stacks was there and that’s roughly what they were buying at, so no reason for him to sell to me any lower. Same dealer asking +1 for .999.
Heard him on the phone offering 38x as a buy to someone.

Different dealer bought an MS64 saint for $3800. Guy was happy to sell because the highest offer he had received in the room was $3500 and most wouldn’t even make him an offer.

.

That sounds like a show that is more into rare collectible coins and not so much into bullion trading.

.

dcarr

@RedneckHB said:

@dcarr said:

@RedneckHB said:

@dcarr said:
I can buy 90% silver coin for $6 under "spot". This is the true market.
.

So the spot price is incorrect? For years and years and years the spot price is what has been used by dealers and stackers and collectors. Now it is incorrect? How does that instill confidence for someone looking to establish a value for their silver? Derryb frequently states (correctly) that confidence is very important, so how should a stacker feel confident if the price they have used for decades is now considered false or inaccurate?

.

Was NEGATIVE -$40 per barrel of oil the "correct" price for oil ?
The short-term futures (spot) price hit that level once.

.

An expiring contract that had almost volume hit that price. It almost like saying some dude in Aurora, Co sold a 10 oz bar of silver for $7, therefore that's the price. The active month was not -$40. And the most widely traded oil, Brent, never went negative.

But enough of an oil education for you. This is a silver forum. And for decades SPOT was ALWAYS used as basis for the retail stacker, collector, dealer. Now you say it's irrelevant?

To a redneck hillbilly it just seems a bit absurd that folk are so willing to trade at premiums and discounts. And it's not like it's pennies on the dollar. Folk paid 10-20% premiums, and now sell at 10-20% discounts. What kind of market is that?

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

.

What I stated was accurate and factual. There was an oil contract with a buyer and a seller that traded at negative -$40.

My point is, there is no reason to buy "paper" silver when physical silver coins and bars cost less and represent the real market for most individuals. My personal preference has always been anything that has a little bit of collector interest/value. Paper silver has absolutely NONE of that aspect.

.

bigjpst

@UpGrayedd said:

@bigjpst said:
Recent experience at the PCGS trade and grade.
Bought some 90% dimes at -$2 face. (45x)Asking $46 for 1921 Morgans and $47 for pre 21. At the time was also -$2 I believe. Stacks was there and that’s roughly what they were buying at, so no reason for him to sell to me any lower. Same dealer asking +1 for .999.
Heard him on the phone offering 38x as a buy to someone.

Different dealer bought an MS64 saint for $3800. Guy was happy to sell because the highest offer he had received in the room was $3500 and most wouldn’t even make him an offer.

Someone sold a MS64 DE Saint for $3800? He got ripped. Spot is ~$4200, and JM Bullion's current buy price for generic PCGS and NGC graded Saints is $4141.

Agree. I felt it was a pretty low offer, but like I said. Guy had walked it around the show. Many didn’t want it, most offered him closer to $3500
And he was pretty happy with the transaction.

bigjpst

@dcarr said:

@bigjpst said:
Recent experience at the PCGS trade and grade.
Bought some 90% dimes at -$2 face. (45x)Asking $46 for 1921 Morgans and $47 for pre 21. At the time was also -$2 I believe. Stacks was there and that’s roughly what they were buying at, so no reason for him to sell to me any lower. Same dealer asking +1 for .999.
Heard him on the phone offering 38x as a buy to someone.

Different dealer bought an MS64 saint for $3800. Guy was happy to sell because the highest offer he had received in the room was $3500 and most wouldn’t even make him an offer.

.

That sounds like a show that is more into rare collectible coins and not so much into bullion trading.

.

Yes. The PCGS trade and grade is typically not a small collector, or bullion show. Some dealers have no coins to show the public.
One dealer I usually buy a few coins from, has no cases. Just boxes. When he asks what Im looking for and I tell him inventory from $100-$500 he always seems like im wasting his time. Has some nice coins though, so I always look.

softparade

@bigjpst said:

@dcarr said:

@bigjpst said:
Recent experience at the PCGS trade and grade.
Bought some 90% dimes at -$2 face. (45x)Asking $46 for 1921 Morgans and $47 for pre 21. At the time was also -$2 I believe. Stacks was there and that’s roughly what they were buying at, so no reason for him to sell to me any lower. Same dealer asking +1 for .999.
Heard him on the phone offering 38x as a buy to someone.

Different dealer bought an MS64 saint for $3800. Guy was happy to sell because the highest offer he had received in the room was $3500 and most wouldn’t even make him an offer.

.

That sounds like a show that is more into rare collectible coins and not so much into bullion trading.

.

Yes. The PCGS trade and grade is typically not a small collector, or bullion show. Some dealers have no coins to show the public.
One dealer I usually buy a few coins from, has no cases. Just boxes. When he asks what Im looking for and I tell him inventory from $100-$500 he always seems like im wasting his time. Has some nice coins though, so I always look.

Real life actual dealers will turn and burn everything and anything. From one round, coin, bar, to monster boxes and beyond.

If you ain’t doing that, you are just a collector posing as a dealer.

RedneckHB

@dcarr said:

@RedneckHB said:

@dcarr said:

@RedneckHB said:

@dcarr said:
I can buy 90% silver coin for $6 under "spot". This is the true market.
.

So the spot price is incorrect? For years and years and years the spot price is what has been used by dealers and stackers and collectors. Now it is incorrect? How does that instill confidence for someone looking to establish a value for their silver? Derryb frequently states (correctly) that confidence is very important, so how should a stacker feel confident if the price they have used for decades is now considered false or inaccurate?

.

Was NEGATIVE -$40 per barrel of oil the "correct" price for oil ?
The short-term futures (spot) price hit that level once.

.

An expiring contract that had almost volume hit that price. It almost like saying some dude in Aurora, Co sold a 10 oz bar of silver for $7, therefore that's the price. The active month was not -$40. And the most widely traded oil, Brent, never went negative.

But enough of an oil education for you. This is a silver forum. And for decades SPOT was ALWAYS used as basis for the retail stacker, collector, dealer. Now you say it's irrelevant?

To a redneck hillbilly it just seems a bit absurd that folk are so willing to trade at premiums and discounts. And it's not like it's pennies on the dollar. Folk paid 10-20% premiums, and now sell at 10-20% discounts. What kind of market is that?

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

.

What I stated was accurate and factual. There was an oil contract with a buyer and a seller that traded at negative -$40.

.

Yes...and as shown above gold is worth $3800 because there was a transaction done at that price.

And....at an estate sale a few months ago I bought a 14k bracelet weighing just over 1 ozt for $6. So I suppose I could claim that gold was worth about $10 ozt because a transaction occurred at that price. So stop with your non-sequiturs.

You have demonstrated the extreme flaw, some might call it a risk, when trading physical. If only there was an easier, more efficient, and cost effective way to trade and invest in PMs.

Wingsrule

@RedneckHB said:

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

We could put together a large inventory of bars, then sell shares of that inventory to the public. We could come up with some snazzy ticker symbol like BLTZ or GUTR or RGDS.

coastaljerseyguy

@RedneckHB said:

Was NEGATIVE -$40 per barrel of oil the "correct" price for oil ?
The short-term futures (spot) price hit that level once.

.

An expiring contract that had almost volume hit that price. It almost like saying some dude in Aurora, Co sold a 10 oz bar of silver for $7, therefore that's the price. The active month was not -$40. And the most widely traded oil, Brent, never went negative.

But enough of an oil education for you. This is a silver forum. And for decades SPOT was ALWAYS used as basis for the retail stacker, collector, dealer. Now you say it's irrelevant?

To a redneck hillbilly it just seems a bit absurd that folk are so willing to trade at premiums and discounts. And it's not like it's pennies on the dollar. Folk paid 10-20% premiums, and now sell at 10-20% discounts. What kind of market is that?

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

Not that simple as an almost 'no volume' contract hit that level. It was the day before expiration of the May 2020 contracts and some futures contact holders who did NOT want to take delivery & pay those expenses needed to close out contracts. No one wanted the oil because of COVID and over-supply. Better to lose $40 per contract then incur costs of storage and maybe sit with the oil for who knows how long. An looking at the chart, doubt it was 1 contract that changed hands on 4/20/20 when it went from $20 to -$40.

dcarr

@RedneckHB said:

@dcarr said:

@RedneckHB said:

@dcarr said:

@RedneckHB said:

@dcarr said:
I can buy 90% silver coin for $6 under "spot". This is the true market.
.

So the spot price is incorrect? For years and years and years the spot price is what has been used by dealers and stackers and collectors. Now it is incorrect? How does that instill confidence for someone looking to establish a value for their silver? Derryb frequently states (correctly) that confidence is very important, so how should a stacker feel confident if the price they have used for decades is now considered false or inaccurate?

.

Was NEGATIVE -$40 per barrel of oil the "correct" price for oil ?
The short-term futures (spot) price hit that level once.

.

An expiring contract that had almost volume hit that price. It almost like saying some dude in Aurora, Co sold a 10 oz bar of silver for $7, therefore that's the price. The active month was not -$40. And the most widely traded oil, Brent, never went negative.

But enough of an oil education for you. This is a silver forum. And for decades SPOT was ALWAYS used as basis for the retail stacker, collector, dealer. Now you say it's irrelevant?

To a redneck hillbilly it just seems a bit absurd that folk are so willing to trade at premiums and discounts. And it's not like it's pennies on the dollar. Folk paid 10-20% premiums, and now sell at 10-20% discounts. What kind of market is that?

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

.

What I stated was accurate and factual. There was an oil contract with a buyer and a seller that traded at negative -$40.

.

Yes...and as shown above gold is worth $3800 because there was a transaction done at that price.

And....at an estate sale a few months ago I bought a 14k bracelet weighing just over 1 ozt for $6. So I suppose I could claim that gold was worth about $10 ozt because a transaction occurred at that price. So stop with your non-sequiturs.

You have demonstrated the extreme flaw, some might call it a risk, when trading physical. If only there was an easier, more efficient, and cost effective way to trade and invest in PMs.

.

If you were to comprehend what I wrote you would realize that what I have indicated is that the "paper" price for a commodity can go haywire at times and not represent the real value.

Mostly I manufacture things. I also collect a few things here and there. This is not a "flaw" or a "risk" activity.

.

Mike59

For those who wait I know they will be rewarded. I’m expecting silver to hit $100 sometime in the first quarter of next year. We’ve burned thru almost 700,000,000 million ounces over available silver stocks in last 5 including this year. New Data Centers for AI are burning up thousands of tons and Samsungs new silver batteries are already being tested and planned for release in 2027. I’m not a seller of Silver and love yellow and white metals both. 70% of Silver is mined as byproduct of other metal mines. I also see the haircut of 90% disappearing as the need becomes more urgent. Happy Holidays to all.
JMHO,
Mike

softparade

So much for the tracker! LOL
All good.

blitzdude

@Wingsrule said:

@RedneckHB said:

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

We could put together a large inventory of bars, then sell shares of that inventory to the public. We could come up with some snazzy ticker symbol like BLTZ or GUTR or RGDS.

I've been waiting for CARR to commission my in gutter we trust tokens for years now. THKS!

softparade

@blitzdude said:

@Wingsrule said:

@RedneckHB said:

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

We could put together a large inventory of bars, then sell shares of that inventory to the public. We could come up with some snazzy ticker symbol like BLTZ or GUTR or RGDS.

I've been waiting for CARR to commission my in gutter we trust tokens for years now. THKS!

You are way too lazy to be a market mover. Many are way ahead of you. Like these cats! Keep clicking that paper poo poo haha

https://localsilvermint.com/buy-online

bigjpst

@softparade said:

@bigjpst said:

@dcarr said:

@bigjpst said:
Recent experience at the PCGS trade and grade.
Bought some 90% dimes at -$2 face. (45x)Asking $46 for 1921 Morgans and $47 for pre 21. At the time was also -$2 I believe. Stacks was there and that’s roughly what they were buying at, so no reason for him to sell to me any lower. Same dealer asking +1 for .999.
Heard him on the phone offering 38x as a buy to someone.

Different dealer bought an MS64 saint for $3800. Guy was happy to sell because the highest offer he had received in the room was $3500 and most wouldn’t even make him an offer.

.

That sounds like a show that is more into rare collectible coins and not so much into bullion trading.

.

Yes. The PCGS trade and grade is typically not a small collector, or bullion show. Some dealers have no coins to show the public.
One dealer I usually buy a few coins from, has no cases. Just boxes. When he asks what Im looking for and I tell him inventory from $100-$500 he always seems like im wasting his time. Has some nice coins though, so I always look.

Real life actual dealers will turn and burn everything and anything. From one round, coin, bar, to monster boxes and beyond.

If you ain’t doing that, you are just a collector posing as a dealer.

I mostly agree. Many of these dealers may do that. Mixed in the boxes I looked through are everything from a $75 nickel(which I bought) and many 4 and 5 figure coins. Which I admired without reaching for my wallet.

RedneckHB

@dcarr said:

@RedneckHB said:

@dcarr said:

@RedneckHB said:

@dcarr said:

@RedneckHB said:

@dcarr said:
I can buy 90% silver coin for $6 under "spot". This is the true market.
.

So the spot price is incorrect? For years and years and years the spot price is what has been used by dealers and stackers and collectors. Now it is incorrect? How does that instill confidence for someone looking to establish a value for their silver? Derryb frequently states (correctly) that confidence is very important, so how should a stacker feel confident if the price they have used for decades is now considered false or inaccurate?

.

Was NEGATIVE -$40 per barrel of oil the "correct" price for oil ?
The short-term futures (spot) price hit that level once.

.

An expiring contract that had almost volume hit that price. It almost like saying some dude in Aurora, Co sold a 10 oz bar of silver for $7, therefore that's the price. The active month was not -$40. And the most widely traded oil, Brent, never went negative.

But enough of an oil education for you. This is a silver forum. And for decades SPOT was ALWAYS used as basis for the retail stacker, collector, dealer. Now you say it's irrelevant?

To a redneck hillbilly it just seems a bit absurd that folk are so willing to trade at premiums and discounts. And it's not like it's pennies on the dollar. Folk paid 10-20% premiums, and now sell at 10-20% discounts. What kind of market is that?

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

.

What I stated was accurate and factual. There was an oil contract with a buyer and a seller that traded at negative -$40.

.

Yes...and as shown above gold is worth $3800 because there was a transaction done at that price.

And....at an estate sale a few months ago I bought a 14k bracelet weighing just over 1 ozt for $6. So I suppose I could claim that gold was worth about $10 ozt because a transaction occurred at that price. So stop with your non-sequiturs.

You have demonstrated the extreme flaw, some might call it a risk, when trading physical. If only there was an easier, more efficient, and cost effective way to trade and invest in PMs.

.

If you were to comprehend what I wrote you would realize that what I have indicated is that the "paper" price for a commodity can go haywire at times and not represent the real value.

Mostly I manufacture things. I also collect a few things here and there. This is not a "flaw" or a "risk" activity.

.

So you're saying the real value of silver is quite a bit less than the spot price. Gotcha. So 3 years ago folk paid over spot price and now that same physical is worth less than spot price. If only there was a more efficient and cost effective means to trade and invest in silver.

So any reports of pricing on 90% today?

softparade

@RedneckHB

So any reports of pricing on 90% today?

NO. Dealers are closed for the rest of the year and all that matters for now is college football.

dcarr

@RedneckHB said:

@dcarr said:

@RedneckHB said:

@dcarr said:

@RedneckHB said:

@dcarr said:

@RedneckHB said:

@dcarr said:
I can buy 90% silver coin for $6 under "spot". This is the true market.
.

So the spot price is incorrect? For years and years and years the spot price is what has been used by dealers and stackers and collectors. Now it is incorrect? How does that instill confidence for someone looking to establish a value for their silver? Derryb frequently states (correctly) that confidence is very important, so how should a stacker feel confident if the price they have used for decades is now considered false or inaccurate?

.

Was NEGATIVE -$40 per barrel of oil the "correct" price for oil ?
The short-term futures (spot) price hit that level once.

.

An expiring contract that had almost volume hit that price. It almost like saying some dude in Aurora, Co sold a 10 oz bar of silver for $7, therefore that's the price. The active month was not -$40. And the most widely traded oil, Brent, never went negative.

But enough of an oil education for you. This is a silver forum. And for decades SPOT was ALWAYS used as basis for the retail stacker, collector, dealer. Now you say it's irrelevant?

To a redneck hillbilly it just seems a bit absurd that folk are so willing to trade at premiums and discounts. And it's not like it's pennies on the dollar. Folk paid 10-20% premiums, and now sell at 10-20% discounts. What kind of market is that?

Wouldn't it be cool if there was an easier way to trade, invest, accumulate, buy and sell, at spot prices?

.

What I stated was accurate and factual. There was an oil contract with a buyer and a seller that traded at negative -$40.

.

Yes...and as shown above gold is worth $3800 because there was a transaction done at that price.

And....at an estate sale a few months ago I bought a 14k bracelet weighing just over 1 ozt for $6. So I suppose I could claim that gold was worth about $10 ozt because a transaction occurred at that price. So stop with your non-sequiturs.

You have demonstrated the extreme flaw, some might call it a risk, when trading physical. If only there was an easier, more efficient, and cost effective way to trade and invest in PMs.

.

If you were to comprehend what I wrote you would realize that what I have indicated is that the "paper" price for a commodity can go haywire at times and not represent the real value.

Mostly I manufacture things. I also collect a few things here and there. This is not a "flaw" or a "risk" activity.

.

So you're saying the real value of silver is quite a bit less than the spot price. Gotcha. So 3 years ago folk paid over spot price and now that same physical is worth less than spot price. If only there was a more efficient and cost effective means to trade and invest in silver.

So any reports of pricing on 90% today?

.

Like I wrote already, it makes no sense to buy SLV when you can buy 90% silver US coin at the equivalent of $5 or $6 under "spot". Physical silver is a MUCH better deal than paper silver at this point.

.

DisneyFan

@dcarr said:

Like I wrote already, it makes no sense to buy SLV when you can buy 90% silver US coin at the equivalent of $5 or $6 under "spot". Physical silver is a MUCH better deal than paper silver at this point.

There are two variables involved as to which is better.

First, the amount of money involved - takes up physical space.
Second, the planned holding period.

A quick trade - SLV

A long term holding - 90% up to a certain amount. $1,000 of 90% is roughly one pound. A full set of 50 America the Beautiful 5 ounce coins weights approximately 16 pounds.

Wingsrule

@DisneyFan said:

@dcarr said:

Like I wrote already, it makes no sense to buy SLV when you can buy 90% silver US coin at the equivalent of $5 or $6 under "spot". Physical silver is a MUCH better deal than paper silver at this point.

There are two variables involved as to which is better.

First, the amount of money involved - takes up physical space.
Second, the planned holding period.

A quick trade - SLV

A long term holding - 90% up to a certain amount. $1,000 of 90% is roughly one pound. A full set of 50 America the Beautiful 5 ounce coins weights approximately 16 pounds.

Other than $1,000 of 90% weighing a pound, I agree with this logic.

dcarr

@RedneckHB said:
If only there was a more efficient and cost effective means to trade and invest in silver.

.

There is, and it is called a "coin show".

.

bronco2078

@Wingsrule said:

@DisneyFan said:

@dcarr said:

Like I wrote already, it makes no sense to buy SLV when you can buy 90% silver US coin at the equivalent of $5 or $6 under "spot". Physical silver is a MUCH better deal than paper silver at this point.

There are two variables involved as to which is better.

First, the amount of money involved - takes up physical space.
Second, the planned holding period.

A quick trade - SLV

A long term holding - 90% up to a certain amount. $1,000 of 90% is roughly one pound. A full set of 50 America the Beautiful 5 ounce coins weights approximately 16 pounds.

Other than $1,000 of 90% weighing a pound, I agree with this logic.

25 kilos to the pound is the new conversion factor

RedneckHB

.> @DisneyFan said:

@dcarr said:

Like I wrote already, it makes no sense to buy SLV when you can buy 90% silver US coin at the equivalent of $5 or $6 under "spot". Physical silver is a MUCH better deal than paper silver at this point.

There are two variables involved as to which is better.

First, the amount of money involved - takes up physical space.
Second, the planned holding period.

A quick trade - SLV

A long term holding - 90% up to a certain amount.

Folk should run the return numbers on SLV since inception and on 90%, ASEs and 100oz bars since that same date.

DisneyFan

@dcarr said:

@RedneckHB said:
If only there was a more efficient and cost effective means to trade and invest in silver.

.

There is, and it is called a "coin show".

.

What if there is no coin show within a reasonable driving distance - one or two hours?

DisneyFan

@RedneckHB said:

Folk should run the return numbers on SLV since inception and on 90%, ASEs and 100oz bars since that same date.

Do reliable historical numbers for 90%, ASEs and 100oz bars even exist?

softparade

@DisneyFan said:

@RedneckHB said:

Folk should run the return numbers on SLV since inception and on 90%, ASEs and 100oz bars since that same date.

Do reliable historical numbers for 90%, ASEs and 100oz bars even exist?

No.

RedneckHB

@softparade said:

@DisneyFan said:

@RedneckHB said:

Folk should run the return numbers on SLV since inception and on 90%, ASEs and 100oz bars since that same date.

Do reliable historical numbers for 90%, ASEs and 100oz bars even exist?

No.

Sure they do. Just check the BST archives on this forum. Or, and most old-timers on this forum could confirm, the premiums on Silver at the time. 90% was usually 5-10% over spot. ASEs were 10-20% over spot and bars about 10% over spot. Today 90% is 10-15 under spot. ASEs ar about spot and bars about 5% under. Now all you need to do is find spot. Google is your friend.

RedneckHB

@DisneyFan said:

@dcarr said:

@RedneckHB said:
If only there was a more efficient and cost effective means to trade and invest in silver.

.

There is, and it is called a "coin show".

.

What if there is no coin show within a reasonable driving distance - one or two hours?

He provided a great alternative didnt he? Lol. Not efficient and certainly not cost effective, especially when combined with bid-ask spreads and the finding a capable and willing counter-party. If only there was an easier way.

softparade

@RedneckHB said:

@softparade said:

@DisneyFan said:

@RedneckHB said:

Folk should run the return numbers on SLV since inception and on 90%, ASEs and 100oz bars since that same date.

Do reliable historical numbers for 90%, ASEs and 100oz bars even exist?

No.

Sure they do. Just check the BST archives on this forum. Or, and most old-timers on this forum could confirm, the premiums on Silver at the time. 90% was usually 5-10% over spot. ASEs were 10-20% over spot and bars about 10% over spot. Today 90% is 10-15 under spot. ASEs ar about spot and bars about 5% under. Now all you need to do is find spot. Google is your friend.

You said reliable historical numbers. You obviously think this little forum is that.

Meh

RedneckHB

@softparade said:

@RedneckHB said:

@softparade said:

@DisneyFan said:

@RedneckHB said:

Folk should run the return numbers on SLV since inception and on 90%, ASEs and 100oz bars since that same date.

Do reliable historical numbers for 90%, ASEs and 100oz bars even exist?

No.

Sure they do. Just check the BST archives on this forum. Or, and most old-timers on this forum could confirm, the premiums on Silver at the time. 90% was usually 5-10% over spot. ASEs were 10-20% over spot and bars about 10% over spot. Today 90% is 10-15 under spot. ASEs ar about spot and bars about 5% under. Now all you need to do is find spot. Google is your friend.

You said reliable historical numbers. You obviously think this little forum is that.

Meh

The BST is a an archived record. I get it that todays modis operandi today is to rewrite history, but that aint gonna change the facts..

Anybody care to run the numbers? How about the pundits? Afraid?

jmski52

Do reliable historical numbers for 90%, ASEs and 100oz bars even exist?

The only reliable historical numbers that matter exist on my spreadsheet, and I'm still stunned by the values. I know within a tenth of a percent how well each purchase that I've made at each specific point in time has done.

I'm blown away by the change in my net worth, even accounting for any discounts or premiums when I decide to sell. My biggest financial problem is capital gains tax, which I try to plan around.