90% silver coins
fleaseyelash
Posts: 12 ✭
How is $56.00 on the dollar for 90% coins
0
fleaseyelash
Posts: 12 ✭
Comments
$25 back of melt seems a bit steep. If you need the money - take it. If you can wait, spot drops and you may still come out money ahead if refineries start buying again and shops revert back to historic price levels.
Uncharted territory all around and nobody knows what is going to happen next.
Show this morning, buying at 59x and said he was very close to shutting down buying all non-.999 due to the payment delays.
1 small shop in my area was paying 62x yesterday. Best that I currently know of in my neck of the woods. Many paying less than the 56x you were offered. RGDS!
The whole worlds off its rocker, buy Gold™.
BOOMIN!™
Wooooha! Did someone just say it's officially "TACO™" Tuesday????
Retiring at 55, what day is today?
Last week sb can still sell for almost 100 per oz on peace and Morgan plus shipping.
This is half dollar sold a little less than Morgan
I lost on this. I believe I was bidding over 99% of $96.64 something like that.
Today I sold about 20 ozt fine silver in mixed alloy coins (.625, .680, .720, .835, .900, .925) for **83.4% **of spot price. It was not easy to find a buyer.
Most of the coins were kind of desirable, many Swiss Francs and and 1964 Kennedy halves.
Agree, I sold some similar stuff recently and felt like I couldn’t give it away, nobody is buying unless highly discounted.
Those purities aren't really desirable aside from .90 (If it's US constitutional) and .925 (not what one would expect in coins though) Not surprised it's tough to find buyers on that stuff. I'm talking from the standpoint of a stacker.
COPPER is gutter !
Hold your junk. premiums will go up when refining returns to normal.
When gold and silver move together, it signals the coming end of fiat money.
Or maybe discounts become less.
Knowledge is the enemy of fear
If you are living in the US, I agree with that statement.
Here in Europe though it's common to stack what ever alloy was heavily used in the circulating coins of your home country and possibly it's neighbouring countries aswell. Mostly a question of availability.
For example here in Germany, domestic coins in .625, .900 and .925 are common amongst stackers.
In the north, Dutch Guilders (.720) are common aswell, in the west it's French Francs (.835 & .900), in the southwest Swiss Francs (.835) and in the south Austrian Schillings (.640, .800 & .900).
The main reason why people stick with those "impractical" alloys and units is all about the price. In pretty much every EU country you have to pay VAT on investment grade silver (.999 coins, bars and also rounds, wich are pretty much non-existant here) - in Germany it's currently 19% tax for example.
if it were here in the states, i'd say 83.4% is ok. troubled times for sellers
Are the refineries backed up in Germany? I'm guessing so.
I knew it would happen.
Monument metals buy price today Roll(s) of 90% Junk Silver Coins - $10 Face ValueRoll(s) of 90% Junk Silver Coins - $10 Face Value
Roll(s) of 90% Junk Silver Coins - $10 Face Value
Bid Price:
$679.25
Bid Price: Spot - $10.00 Per Oz
MIKE B.
Unfortunately yes. Many don't really take silver anymore - they told me that they will buy it at a significant discount, but advised all potential sellers to better hold in to it and wait for a better price. At least that's kind of honest. I asked around at several refiners and the best deal for mixed alloys I could find (as a private seller with less than 5 Kilos of fine silver content to sell) was 79% of spot plus it would take up to a month to get paied.
That wasn't really an option for me because I need the money fairly quick to pay a upcoming bill and to afford a nice gold coin wich came up for sale recently.