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Silver, silver everywhere

BobkBobk Posts: 593
in Precious Metals
but not a drop at spot. No surprise there. I went to St Charles coin show yesterday looking for two things. Silver and a 37 seated

dime. I foud both but...silver anything was selling at $17 a oz. Bars, rounds, squares, whatever. ASEs at $20. Pandas at $22. Go figure.

The 37 seated dimes I found were either $60 or $600. One I didnt want the other out of my price range. The day was not a total bust I did

buy a nice 83 Liberty nickel witn cents and a 1913S Barber dime. Bob
Pecunia in arbotis non crescit.

Comments

  • ManorcourtmanManorcourtman Posts: 8,046 ✭✭✭✭✭
    Yep, the price of physical silver is nowhere near the spot price. You can buy all the paper silver you want for $9.30 an oz!! I don't like the sound paper makes when dropped on a table!!
  • BobkBobk Posts: 593
    Yea, you got that right. One thing I forgot to mention I was looking for a 100 oz. bar and I did not see a one. Bob
    Pecunia in arbotis non crescit.
  • SevenstepsSevensteps Posts: 138 ✭✭
    APMEX has .9999 1000 ounce COMEX bars in stock right now for .59 cents over spot.

    OR

    You can get a mini-contract on the COMEX, (1000 ounces), and get pure silver at direct spot.

    There are millions of ounces of silver out there, just very little of it in small denominations.
  • TrustNo1TrustNo1 Posts: 1,359 ✭
    has anyone ever bought the silver grain bags from Apmex?
  • 7over87over8 Posts: 4,733 ✭✭✭
    seven steps

    try and get it delivered. no chance. dont believe what you see and hear, dont even believe that you can get it delivered.

  • DoubleEagle59DoubleEagle59 Posts: 8,323 ✭✭✭✭✭
    I was at a Canadian coin show and coin dealers had a few silver bars at the following prices....

    One 20 ounce bar at $17 (US) per ounce

    One 100 ounce bar at $16 (US) per ounce.

    One dealer who usually has many, many silver bars, only had one or two this time.
  • DarinDarin Posts: 7,201 ✭✭✭✭✭
    A local auctioneer had a coin auction today, I bought 3 generic silver 1 oz. rounds for $12 each. A couple 1922 Peace dollars AU at $12 each, several Morgans for 14 bucks each. I know I bought nothing at spot, but its a lot better than I do shopping at APMEX. image
  • MoneyLAMoneyLA Posts: 1,825 ✭
    there is plenty of silver in the world, but not in one ounce wafers or rounds, or in five ounces, or 20 ounces, or in 100 ounce bars... and that is why no one has any for sale or fast delivery.

    but give the fabricators about 12 weeks to fabricate the smaller pieces... which is why the big marketers all have 12 week waits while taking orders with today's super high premiums.

    in 12 weeks, the super high premiums will vanish once the fabricated supplies catch up with demand.

    note: I dont know what the spot price of silver will be in 12 weeks, but I do suspect that the "shortage premium" will be a fraction of what it is today in 12 weeks.
    Cheers, Alan Mendelson
    www.AlanBestBuys.com
    www.VegasBestBuys.com
  • ttownttown Posts: 4,472 ✭✭✭


    << <i>there is plenty of silver in the world, but not in one ounce wafers or rounds, or in five ounces, or 20 ounces, or in 100 ounce bars... and that is why no one has any for sale or fast delivery.

    but give the fabricators about 12 weeks to fabricate the smaller pieces... which is why the big marketers all have 12 week waits while taking orders with today's super high premiums.

    in 12 weeks, the super high premiums will vanish once the fabricated supplies catch up with demand.

    note: I dont know what the spot price of silver will be in 12 weeks, but I do suspect that the "shortage premium" will be a fraction of what it is today in 12 weeks. >>



    Yes there's 1000 oz bars everywhereimage Try ordering one and see how long it takes......
  • Danny9995Danny9995 Posts: 115
    when you're buying a 1000 ounce bar I can believe 59 cents over spot. I mean that is still $590 over spot plus probably another $100-$150 for shipping, handling, insurance, etc. . I think I would rather have 1000 ASE's at $4 or $5 over spot because you have to consider that their resell value is higher too.
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>when you're buying a 1000 ounce bar I can believe 59 cents over spot. I mean that is still $590 over spot plus probably another $100-$150 for shipping, handling, insurance, etc. . I think I would rather have 1000 ASE's at $4 or $5 over spot because you have to consider that their resell value is higher too. >>




    Don't believe it, it isn't true.

    Seems to be an urban legend around here.

    It's not so much the shipping as it is the insurance, but then you can't get one anyway.


    *Edit* BobK - Still looking for a 100 ounce bar? PM me.
    "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
  • DeadhorseDeadhorse Posts: 3,720 ✭


    << <i>Yea, you got that right. One thing I forgot to mention I was looking for a 100 oz. bar and I did not see a one. Bob >>



    If you are still interested, PM me.
    "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
  • BigE2BigE2 Posts: 1,037 ✭


    << <i>has anyone ever bought the silver grain bags from Apmex? >>



    Actually did Friday night. For .69 over spot didn't seem to be a risk. I can always sell it to a jeweler I know.
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