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90% selling for melt or slight below, even walkers

MrOrganicMrOrganic Posts: 1,366
in Precious Metals
Whats up with walkers selling below melt? Simple economics, More sellers than buyers & no market for 90%? seems like anything gold is selling & only silver gov issued coins
Singapore & Hong Kong March/April
Hong kong/Long Beach JUNE Table #838
MACAU
emgworldwide@gmail.com
Cell: 512.808.3197
EMERGING MARKET GROUP
PCGS, NGC, CCE & NCS, CGC, PSA, Auth. Dealer

Comments

  • sumrtymsumrtym Posts: 394 ✭✭✭
    Personally, 90% is my favorite form of silver, but then I'm a sucker for stacks of old coinage over bars / rounds.
  • WegWeg Posts: 544
    Who's selling Walkers below melt?
    Remember, I'm pullen for ya; we're all in this together.---Red Green---
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    Please PM to buy your Walkers at below melt.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • PerryHallPerryHall Posts: 46,085 ✭✭✭✭✭


    << <i>Who's selling Walkers below melt? >>



    No one in their right mind.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭


    << <i>Who's selling Walkers below melt? >>



    It's listed on the BST,
    But it's a friend and not a forum member.
    Don't know why the lister doesn't sell them for his friend
    https://www.ebay.com/str/christyscoins
  • ttownttown Posts: 4,472 ✭✭✭
    Is that the AG to VG walkers? At 11 times face each coin would have $5.68 per half if an UNC these lower grades aren't below melt.
  • coynclectercoynclecter Posts: 2,111
    Really Worn walkers have at least a 15-20% silver loss vs unc 64 kennedys. Since 90% bags are sold by weight its usual to pull these and sell them at face.
  • PerryHallPerryHall Posts: 46,085 ✭✭✭✭✭


    << <i>Really Worn walkers have at least a 15-20% silver loss vs unc 64 kennedys. Since 90% bags are sold by weight its usual to pull these and sell them at face. >>



    Even if they were worn smooth, the loss would only be about 6%.

    Worry is the interest you pay on a debt you may not owe.
    "Paper money eventually returns to its intrinsic value---zero."----Voltaire
    "Everything you say should be true, but not everything true should be said."----Voltaire

  • SmittysSmittys Posts: 9,876 ✭✭✭✭✭
    $1 face 90% BU has .721 ounces
    Worn $1 face is figured at .715 ounces
    Either way that is over 11x face
    https://www.ebay.com/str/christyscoins
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