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90% silver

TbarTbar Posts: 521
in Precious Metals
How good of a price is junk silver at 10x face right now?

Would you recommend buying a lot at that price?

I also could buy silver eagles at $15. Which is a better option in your opinion?

Thanks.

Comments

  • fcfc Posts: 12,793 ✭✭✭
    10 times face for 90% silver is a terrible deal right now considering
    it is only worth about 8.2.

    so a 1964 Kennedy is worth about 4.05.

    i am passing on all junk silver above 10 times face with silver
    at 11ish.

    As for ASEs at 15 bucks a whack... they fetch a hefty premium and
    i feel that is a so-so deal right now.

    Try to buy quantity and get a discount down to 14 perhaps.

    Better to just go online and find a better deal.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    when silver goes up, 90% silver will be a great deal at 10x. By some and just be patient.

    Silver eagles at 15 is a great deal. On ebay they are selling for more so if you wanted to make a few extra bucks you could sell it on ebay
    Try finding eagles at 10, 11, 12, 13, and 14 good luck. Jump on it!
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • halfhunterhalfhunter Posts: 2,770 ✭✭✭
    I'd buy all the ASEs at 15 right now that I could afford if I could find them for that.

    Unlike alot of other folks, I'm not too bullish on circ. 90% at the current prices.

    Regards, John
    Need the following OBW rolls to complete my 46-64 Roosevelt roll set:
    1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
    Any help locating any of these OBW rolls would be gratefully appreciated!
  • CaptHenwayCaptHenway Posts: 32,227 ✭✭✭✭✭
    FWIW, there is a dealer on my dealer-to-dealer network offering 10.2x for delivered bags of 90% silver coins.
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • coynclectercoynclecter Posts: 2,111
    I also could buy silver eagles at $15.

    I just sold 40 on Ebay in 3 hours for 19 each. They are at 20 now.

    Don't compare prices with "spot".
  • fcfc Posts: 12,793 ✭✭✭


    << <i>I also could buy silver eagles at $15.

    I just sold 40 on Ebay in 3 hours for 19 each. They are at 20 now.

    Don't compare prices with "spot". >>



    heh. i do. darn right i do.
    spot is what the big boys pay. peasants pay huge premiums.

    sorry to be so crude but it is true. 15 for an ase is a reasonable so-so purchase
    considering they are hot, but 20 is silly. too much emotions driving purchases
    and i have a working plan in place to profit off such emotion.
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    I saw some silver yesterday guys at 13.50/oz when spot was near 11.01. I jumped on it. Haven't seen any 90% silver at a good price else I would be buying and reselling the 90%.

    ASEs were 16.50 at the same store I bought the silver for 13.50. No 15 dollar ASEs in my area
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • illini420illini420 Posts: 11,466 ✭✭✭✭✭
    Using the 20-30% MSN cashback deals, I picked up a good sized lot of junk 90% silver for 7.8x face.

    Also picked up a lot of 90% Barbers for 9.6x face.

    Michael Kittle Rare Coins --- 1908-S Indian Head Cent Grading Set --- No. 1 1909 Mint Set --- Kittlecoins on Facebook --- Long Beach Table 448

  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>heh. i do. darn right i do.
    spot is what the big boys pay. peasants pay huge premiums. >>




    The "big boys" are paying premiums these days also.

    Not the types one sees in shops and for samll purchases, not at all.

    Still, the scarcity factor is in there now and even the bigger players are paying premiums.

    No other choice if they want to buy and of course those get passed on down as even larger premiums at the retail level.

    I can buy 2500 ounces from a wholesaler, but I'm paying a premium, so is everyone else. Wholesalers down here aren't willing to part with much more than that in one sale.

    I have been able to trade nineteen 10 ounce bars for two 100 ouncers locally.

    They do well marking up the 10s with a premium well over what they could make on the 100 ounce bar.

    They seem to do quite well, in fact. The 10s fly off the shelf immediately, a 100 may sit for a day or so.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
  • carscars Posts: 1,904
    Today I guy offered $800 FV of silver quarters for 9xFV Wondering if I should buy. Anyone else want it? I could use a finders fee :-)
    Its all relative
  • DeadhorseDeadhorse Posts: 3,720 ✭
    Just this afternoon, I was called by my main B&M shop and they offered me 100 ounce Engelhard bars for nine 10 ounce bars.

    They had just gotten in six 100 ouncers. I'll be seeing them tomorrow. Told him I'd take 5 of them for certain, maybe all six if he still had them all when I got there.

    These are indeed interesting times.

    *Edit* They are getting $165 per 10 ounce bar and they fly out the door as soon as they hit the display case. Nobody else in town has anything in the way of .999 silver.
    "Lenin is certainly right. There is no subtler or more severe means of overturning the existing basis of society(destroy capitalism) than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and it does it in a manner which not one man in a million is able to diagnose."
    John Marnard Keynes, The Economic Consequences of the Peace, 1920, page 235ff
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