Quick question for the experts here - concerning selling 90% silver

1630Boston

Concerning 90% 'junk' silver, will you get a better buy price for UNC coins vs regular circulated coins?
thanks
boston

MsMorrisine

@1630Boston said:
Concerning 90% 'junk' silver, will you get a better buy price for UNC coins vs regular circulated coins?

if the circulated are so bad they are culls, i'll let those with recent experience say about the question in general, but these are strange times. who knows

in the recent past you'd get slightly more for unc.

derryb

unc coins will get the attention of collectors and offer a better return. otherwise 90% silver is 90% silver to a buying wholesaler. Sell your uncircs (with good pics) here on the "buy sale and trade - US coins" forum.

softparade

I stay away from UNC as they do command a premium even if the numismatic draw is not there. I just want the silver and don't care how fugly they get. No slippery slicks though please. I do draw the line somewhere lolz.

philographer

When you fill a tube with 1964 quarters and it goes to the top vs filling it with circulated pieces that, while 40 coins, leave about 7 millimeters from the top coin to the lid…you know someone is not getting all the silver they paid for

softparade

@philographer said:
When you fill a tube with 1964 quarters and it goes to the top vs filling it with circulated pieces that, while 40 coins, leave about 7 millimeters from the top coin to the lid…you know someone is not getting all the silver they paid for

This is true but when it comes to the 90% market, for the most part, face is face. Nobody is measuring wear percentages. Obvious slicks aside of course.

1630Boston

I just remember 45 +_ years ago, as a young 'collector' in a coin shop watching the store weigh 90% that the line of people were bringing in and selling.
boston

coastaljerseyguy

Agree better selling UNC's here for someone to appreciate. Probably not going to get more in your LCS, esp if common date Washie & Frankie's. Would hope if Morgans & Peace dollars they would bump to at least $50.

johnny9434

@1630Boston said:
I just remember 45 +_ years ago, as a young 'collector' in a coin shop watching the store weigh 90% that the line of people were bringing in and selling.
boston

Hope there's not going to be a repeat of before 🙄(1980)

jmski52

You might get a small premium on BST, or you might try ebay but the fees will get you. Unc should realize a small premium, but that doesn't mean that it will.

A coin shop will definitely NOT give you any premium.

1630Boston

Thanks for all of the input here, about what I expected and thought
boston

USMC_6115

Yah, if I come across UNC 90% in rolls I keep them rolled. All the other 90% I get goes into a big mason jar that I have that I have been trying to fill for years. That is the type I prefer, circulated, grimy silver

blitzdude

As far as the dealers are concerned all 90% is junk and they could care less if it's UNC or Circ. It's all going to the smelter assuming they can find a refiner willing to take it in. They are all offering well back of melt on buys. Most are currently somewhere between 30-45x.

Now if they are trying to sell to you that's a different story, their UNC and OBW's they will attempt to tell you are super rare and worth a premium, you know the game. If trying to sell UNC I would definitely attempt to find an individual collector to sell to and skip the dealers completely.

I'd stay away from ebay as well, any extra you get there just gets wiped out in fees, shipping etc. Not to mention the scams. I just spent the better part of a month recovering $1029 and for a while it looked like I was just going to be SOL. Needless to say I am done conducting business on that platform, in process of closing all 3 of my accounts now. Crazy to think that at one point I was a power seller and conducted a full-time business there for several years. That platform has certainly changed. RGDS!

softparade

@blitzdude said:
As far as the dealers are concerned all 90% is junk and they could care less if it's UNC or Circ. It's all going to the smelter assuming they can find a refiner willing to take it in. They are all offering well back of melt on buys. Most are currently somewhere between 30-45x.

Now if they are trying to sell to you that's a different story, their UNC and OBW's they will attempt to tell you are super rare and worth a premium, you know the game. If trying to sell UNC I would definitely attempt to find an individual collector to sell to and skip the dealers completely.

Some like to search out actual reputable dealers instead of being lazy, like you, assuming that dealers are out "to get you" For instance, Vermillion Enterprises in FL, yesterday was buying 90% from Joe Shmo's for spot -7. Which right now would be a hair over 47x. Well above your wild guess assumed max. And LOL at your low end. NOTE they are selling it back out to Joe Schmo at about 49.5x RN. Not too shabby. So, there are two things you can do blitz to break out of this.

1. Stop assuming you know what is happening out there. It's obvious you do not.
2. Search out reputable and fair dealers that want you coming back again and again. Not the crap you obviously visit, who may be looking for the gullible.

Overdate

Uncirculated 90% silver should be worth slightly more based on metal content alone, since the multiplier for unworn coins is .723 rather than the widely used .715.

There is probably not enough retail demand for dealers to justify placing a premium on the price they pay for uncirculated 90%.

blitzdude

@softparade said:

@blitzdude said:
As far as the dealers are concerned all 90% is junk and they could care less if it's UNC or Circ. It's all going to the smelter assuming they can find a refiner willing to take it in. They are all offering well back of melt on buys. Most are currently somewhere between 30-45x.

Now if they are trying to sell to you that's a different story, their UNC and OBW's they will attempt to tell you are super rare and worth a premium, you know the game. If trying to sell UNC I would definitely attempt to find an individual collector to sell to and skip the dealers completely.

Some like to search out actual reputable dealers instead of being lazy, like you, assuming that dealers are out "to get you" For instance, Vermillion Enterprises in FL, yesterday was buying 90% from Joe Shmo's for spot -7. Which right now would be a hair over 47x. Well above your wild guess assumed max. And LOL at your low end. NOTE they are selling it back out to Joe Schmo at about 49.5x RN. Not too shabby. So, there are two things you can do blitz to break out of this.

1. Stop assuming you know what is happening out there. It's obvious you do not.
2. Search out reputable and fair dealers that want you coming back again and again. Not the crap you obviously visit, who may be looking for the gullible.

You and your youtube vermillion enterprises sounds like a broken record. Thanks, but the majority of the public does not live in FL. By the time anyone pays to ship to them they would be well under 45x. I am in coin shops weekly and I have a rather large position in coins both numismatic and bullion. I have a excellent feel for what the market is currently paying. Perhaps it's youtube you that is clueless. Got anyone else other than vermillion "supposedly" paying over 45x? Didn't think so. THKS!

jmski52

Scotsman in St. Louis is paying $45.10.

blitzdude

@softparade said:

@blitzdude said:
As far as the dealers are concerned all 90% is junk and they could care less if it's UNC or Circ. It's all going to the smelter assuming they can find a refiner willing to take it in. They are all offering well back of melt on buys. Most are currently somewhere between 30-45x.

Now if they are trying to sell to you that's a different story, their UNC and OBW's they will attempt to tell you are super rare and worth a premium, you know the game. If trying to sell UNC I would definitely attempt to find an individual collector to sell to and skip the dealers completely.

Some like to search out actual reputable dealers instead of being lazy, like you, assuming that dealers are out "to get you" For instance, Vermillion Enterprises in FL, yesterday was buying 90% from Joe Shmo's for spot -7. Which right now would be a hair over 47x. Well above your wild guess assumed max. And LOL at your low end. NOTE they are selling it back out to Joe Schmo at about 49.5x RN. Not too shabby. So, there are two things you can do blitz to break out of this.

1. Stop assuming you know what is happening out there. It's obvious you do not.
2. Search out reputable and fair dealers that want you coming back again and again. Not the crap you obviously visit, who may be looking for the gullible.

Quick check, Bullion Exchange isn't even buying 90%, JM is at 40x, Kitco 42.5x Keep in mind you still need to insure and ship it to them. Crap dealers as you sday. lol. THKS!

derryb

If anything is gutter, it's 90%

jmski52

Nobody's forcing you to sell to JM Bullion.

softparade

@blitzdude said:

@softparade said:

@blitzdude said:
As far as the dealers are concerned all 90% is junk and they could care less if it's UNC or Circ. It's all going to the smelter assuming they can find a refiner willing to take it in. They are all offering well back of melt on buys. Most are currently somewhere between 30-45x.

Now if they are trying to sell to you that's a different story, their UNC and OBW's they will attempt to tell you are super rare and worth a premium, you know the game. If trying to sell UNC I would definitely attempt to find an individual collector to sell to and skip the dealers completely.

Some like to search out actual reputable dealers instead of being lazy, like you, assuming that dealers are out "to get you" For instance, Vermillion Enterprises in FL, yesterday was buying 90% from Joe Shmo's for spot -7. Which right now would be a hair over 47x. Well above your wild guess assumed max. And LOL at your low end. NOTE they are selling it back out to Joe Schmo at about 49.5x RN. Not too shabby. So, there are two things you can do blitz to break out of this.

1. Stop assuming you know what is happening out there. It's obvious you do not.
2. Search out reputable and fair dealers that want you coming back again and again. Not the crap you obviously visit, who may be looking for the gullible.

You and your youtube vermillion enterprises sounds like a broken record. Thanks, but the majority of the public does not live in FL. By the time anyone pays to ship to them they would be well under 45x. I am in coin shops weekly and I have a rather large position in coins both numismatic and bullion. I have a excellent feel for what the market is currently paying. Perhaps it's youtube you that is clueless. Got anyone else other than vermillion "supposedly" paying over 45x? Didn't think so. THKS!

No sir, you haven’t the faintest clue. The point is that there are fair and professional dealers out there. Vermillion ain’t alone. Stop being lazy. It’s takes more than money!

softparade

@derryb said:
If anything is gutter, it's 90%

That’s quite the observation. Not. Constitutionally speaking.

softparade

lol JM Bullion! Like I said. LAZY

jmski52

Andy Schectman is saying that the premiums for 90% silver are starting to rise now.

softparade

@jmski52 said:
Andy Schectman is saying that the premiums for 90% silver are starting to rise now.

Constitutional correct? I'll clarify my position. I don't touch any modern 90%. My position is solely in 1964 and earlier United States constitutional.

jmski52

I like both 90% silver coinage and .999 gov't-issued coinage. They have different advantages and both are very liquid. I don't get excited if someone else doesn't think so.

softparade

@jmski52 said:
I like both 90% silver coinage and .999 gov't-issued coinage. They have different advantages and both are very liquid. I don't get excited if someone else doesn't think so.

It's the modern 90% I don't touch. I'm all in on .999 though...

psuman08

@softparade said:

@jmski52 said:
I like both 90% silver coinage and .999 gov't-issued coinage. They have different advantages and both are very liquid. I don't get excited if someone else doesn't think so.

It's the modern 90% I don't touch. I'm all in on .999 though...

Why? Modern 90% is silver isn't it?

softparade

@psuman08 said:

@softparade said:

@jmski52 said:
I like both 90% silver coinage and .999 gov't-issued coinage. They have different advantages and both are very liquid. I don't get excited if someone else doesn't think so.

It's the modern 90% I don't touch. I'm all in on .999 though...

Why? Modern 90% is silver isn't it?

Yes sir. Just a personal preference of mine ...

jmski52

According to Coinflation.com, a silver dime now contains $5.55 in silver.

Mike59

When the refineries start running low on .999 the prices for 90% will start creeping up. I always keep enough FIAT for any necessary or Emergency expenses. Though I’d like to start trading some of my 90% for more .999.
JMHO,
Mike

bronco2078

@psuman08 said:

@softparade said:

@jmski52 said:
I like both 90% silver coinage and .999 gov't-issued coinage. They have different advantages and both are very liquid. I don't get excited if someone else doesn't think so.

It's the modern 90% I don't touch. I'm all in on .999 though...

Why? Modern 90% is silver isn't it?

its hard to sell

jmski52

What do you consider "Modern 90% silver"?