Silver selling prics vs spot?
I’ve a friend that wants to sell off some silver at a local coin show in a couple of weeks. He has no interest in selling piece wise somewhere like the BST. So, a general question for you silver buyers/sellers - what sort of premium/discount to spot might he expect?
He has 3 100oz bars. A couple 10 oz bars. Maybe $100 of 90% and a couple no name rounds.
Thanks.
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You will not get an accurate picture today of what premiums will look like in 2 weeks. Silver is moving every day. The premiums shift as well.
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100oz bars are pretty much radioactive right now.
Silver +2.80 at 6.00 Pm... JM Bullion paying $59.65 for $1 face.silver.. Gold over $5,000
Yes, unfortunately these will be very hard to move anywhere remotely close to spot. I don't have a local shop that will even consider buying 100oz bars right now. 90% unfortunately is not faring much better. As already mentioned above, impossible to predict where things will be in 2 weeks, shops are changing prices daily. A shop that was buying everything a week ago is now buying ASEs only and offering -$10 back of spot. They were buying ASEs at spot 2 weeks ago, spot -$1 last week. RGDS!
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