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90% silver premium

Most 90% on eBay is priced 11x-15x on the bay, Rarely do you see it 10X at least for BIN. tons of it popping up @ 10X now. cheapest I've found recently is 8.75x here on the BST for $50 face halfs. Guess premiums are dropping. Cheaper .999 I've see has been $14.50/oz BIN and that was only one listing that didn't last very long. Seems $16 is normall for generic.
Its all relative

Comments

  • renman95renman95 Posts: 7,037 ✭✭✭✭✭
    I paid 9.25x at a local BM today. Someone came in a couple of hours early to sell and I swooped in. Didn't even plan on it. Just happened!

    Ren
  • jdimmickjdimmick Posts: 9,691 ✭✭✭✭✭
    I just sold 18 silver 1 oz rounds today in the shop for 11.00 each.



  • << <i>I just sold 18 silver 1 oz rounds today in the shop for 11.00 each. >>




    PM me next time. image
    "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
  • Coll3ctorColl3ctor Posts: 3,339 ✭✭✭


    << <i>I just sold 18 silver 1 oz rounds today in the shop for 11.00 each. >>





    Why when you could have easily sold for much more image
  • jdimmickjdimmick Posts: 9,691 ✭✭✭✭✭
    Guy came in with 18 rounds this am, I purchased them at 8.50 each, 1 hour later, customer comes in and see's them and there gone. Fast and easy, no shipping.

    To be frankly honest, I put a few group of rounds on e-bay the last two days and they only brought about 12 bucks, with FVF and PP fee's its only equated to about the same. The silver eagles I had listed at 14.0 each didnt sell at all.

    jim

    In this market, its turn and burn !! I do not hold or keep PM's . A little story : Back in March I had (3) 100oz bars come in, I put them on the BST at a fair price , they sold, shortly after the PM price fell all the way to where it is now. This particular member (a PM bull and a well respected member who I have done great business with and respect) is still sitiing in those at 20+ oz. One day , not sure when, he will probably make it back to zero profit line, all the while i have bought and sold so many times and have made a fortune buying and selling PM's.
  • Dimmick,


    I will take the eagles if you still have them. I will pay $15 each ppd. Let me know, Im serious.
  • I agree with you. I have been buying and selling as soon as I get them too. Put an Ad on CL in my area and they sell for $17-$18 each within the hour. Why not do that when you can easily replace them for a cheaper price.
  • jdimmickjdimmick Posts: 9,691 ✭✭✭✭✭
    Folks here wont pay that level , but I probably could have got a buck more, but I guarantee that customer will return to my shop again!


  • << <i>I just sold 18 silver 1 oz rounds today in the shop for 11.00 each. >>



    Wow! Thanks for the deal on the 90% BTW
    Its all relative
  • jdimmickjdimmick Posts: 9,691 ✭✭✭✭✭
    Cars,

    I was going to openly post on here that your $50 face is enroute, but didnt, but since you mentioned it, it went out this am, thanks again

    Jim
  • Thank you much! Best deal I've got so far on 90%
    Its all relative
  • fcfc Posts: 12,793 ✭✭✭
    jdimmick is my hero.

    flippism at its best. while others wait and wait for PMs to rise he keeps
    using his money to make money. that is where the money is at in PMs. long term holding is for the birds.

    high or low prices... who cares... he gets his cut!
  • flippism at its best

    fc, after battling you at the US Coin Forum for months over the flipping of 2006 W Unc Plats, way back when, it is truly nice to see you have seen the light of capitalisim at its best.

    I love that word you just made up "flippism" ! image

    BTW, if I miss-spelled capitalisim it is because I don't see the word much, anymore ;>
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    we've got flippers and hoarders on this forum.......anyone want to identify which one they are? Me.....hoarder.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • OPAOPA Posts: 17,124 ✭✭✭✭✭
    " el flipper" ... don't hold if for more than 10 days at the most...
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • Coll3ctorColl3ctor Posts: 3,339 ✭✭✭


    << <i>we've got flippers and hoarders on this forum.......anyone want to identify which one they are? Me.....hoarder. >>





    Both image
  • BOTHimage
  • fcfc Posts: 12,793 ✭✭✭


    << <i>flippism at its best

    fc, after battling you at the US Coin Forum for months over the flipping of 2006 W Unc Plats, way back when, it is truly nice to see you have seen the light of capitalisim at its best.

    I love that word you just made up "flippism" ! image

    BTW, if I miss-spelled capitalisim it is because I don't see the word much, anymore ;> >>



    ah you are referring to collectibles with are finnicky in nature. i truly
    think those days are over.. as in new mint products. bullion dealers
    on the other hand make good money on it rain or shine.

    but i always thought those who made money on new mint products
    were ballsy! kudos to those profits on modern crap!

    and oh.. i cannot claim flippism. it comes from a donald duck comic
    by carl barks. donald gets sucked into a tent where a con artist is
    selling a book. the book explains the way to lead your life is to just
    flip a coin and follow that path. the way of thought was called flippism. of course donald goes through a lot of adventure before saying
    the whole thing was a scam.. but finally at the end it almost worked
    for him.. until daisy walked out and interrupted his final flip.
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    we've got flippers and hoarders on this forum.......anyone want to identify which one they are? Me.....hoarder.

    Flippers are easy to identify. They will be the ones who will be totally out of the markets during upcoming major moves and miss the biggest money of the decade. Yeah, they may keep a "core" holding of 1-5%, but in the end they will wonder how TA and the government published statistics failed them. Flippers settle for peanuts today rather than the lion's share of the move tomorrow. Do not confuse someone with a 50-80% core position that trades a fraction of it during cycle moves with a flipper. Flippers are like stock day traders that ultimately lose badly in the end. 90% or more of day traders and flippers lose money in the end. One might consider B&M shops as "flippers" but they buy wholesale and sell retail for a living. Many of them still maintain a core position in multiple metals though I must admit that the recent environment has made dealing in metals quite difficult. It's hard to keep inventory and more difficult to buy anything new.

    but i always thought those who made money on new mint products were ballsy! kudos to those profits on modern crap!

    Some of them. But the ones that ordered up gold and platinum products only to cancel their orders when metals dropped, deserve to be called cheats. I wonder if they do the same thing on Ebay?

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold


  • << <i>we've got flippers and hoarders on this forum.......anyone want to identify which one they are? Me.....hoarder.

    Flippers are easy to identify. They will be the ones who will be totally out of the markets during upcoming major moves and miss the biggest money of the decade. Yeah, they may keep a "core" holding of 1-5%, but in the end they will wonder how TA and the government published statistics failed them. Flippers settle for peanuts today rather than the lion's share of the move tomorrow. Do not confuse someone with a 50-80% core position that trades a fraction of it during cycle moves with a flipper. Flippers are like stock day traders that ultimately lose badly in the end. 90% or more of day traders and flippers lose money in the end. One might consider B&M shops as "flippers" but they buy wholesale and sell retail for a living. Many of them still maintain a core position in multiple metals though I must admit that the recent environment has made dealing in metals quite difficult. It's hard to keep inventory and more difficult to buy anything new.

    but i always thought those who made money on new mint products were ballsy! kudos to those profits on modern crap!

    Some of them. But the ones that ordered up gold and platinum products only to cancel their orders when metals dropped, deserve to be called cheats. I wonder if they do the same thing on Ebay?

    roadrunner >>




    Well said, very nice and succinct.

    Sadly, for many, it's just pearls before swine.
    "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
  • garsmithgarsmith Posts: 5,894 ✭✭
    Caps your avatar realy bugs me

    imageimageimageimageimage
  • renman95renman95 Posts: 7,037 ✭✭✭✭✭


    << <i>flippism at its best

    fc, after battling you at the US Coin Forum for months over the flipping of 2006 W Unc Plats, way back when, it is truly nice to see you have seen the light of capitalisim at its best.

    I love that word you just made up "flippism" ! image

    BTW, if I miss-spelled capitalisim it is because I don't see the word much, anymore ;> >>




    image
  • I wonder if they do the same thing on Ebay?

    That's what a 'no return policy for slabbed coins' prevents ;>
  • Found this on craigslist in my area today.

    Dated 11-03-08

    "will buy old coins and wheat penneys. also silver coin will pay 5 times the value.(1964 and back) "

    phone number deleted by me
    Molon Labe


  • << <i>we've got flippers and hoarders on this forum.......anyone want to identify which one they are? Me.....hoarder.

    Flippers are easy to identify. They will be the ones who will be totally out of the markets during upcoming major moves and miss the biggest money of the decade. Yeah, they may keep a "core" holding of 1-5%, but in the end they will wonder how TA and the government published statistics failed them. Flippers settle for peanuts today rather than the lion's share of the move tomorrow. Do not confuse someone with a 50-80% core position that trades a fraction of it during cycle moves with a flipper. Flippers are like stock day traders that ultimately lose badly in the end. 90% or more of day traders and flippers lose money in the end. One might consider B&M shops as "flippers" but they buy wholesale and sell retail for a living. Many of them still maintain a core position in multiple metals though I must admit that the recent environment has made dealing in metals quite difficult. It's hard to keep inventory and more difficult to buy anything new.

    but i always thought those who made money on new mint products were ballsy! kudos to those profits on modern crap!

    Some of them. But the ones that ordered up gold and platinum products only to cancel their orders when metals dropped, deserve to be called cheats. I wonder if they do the same thing on Ebay?

    roadrunner >>


    Sometimes I wonder if these self professed flippers study history and how past economic cycles ebb and flow. If they did then surely they would realize that something has gone terribly wrong with the worlds financial system. Now in this environment one has to ask himself what do I need to survive this, food, water, shelter and toilet paper are necessities I would argue that some gold and Silver would also be a good thing to have along with some guns and ammo. Now for a list of things that aren't essential, cellphones, x-box, wii unless of course you are "flipping" them for a small profit.image
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