What is the current price for 90% US silver?
Geoman
Posts: 2,491 ✭✭✭
What are dealer's paying right now for common 90% US silver? 9.0 x face? Thanks!
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A fair price is all the way up to .71 x spot which many smelters pay the middlemen. Or you can go on the BST and give it up to those who think they are doing you a favor by offering .67 X spot.
9.5X face is probably closer to fair. If it were in front of me I'd probably buy close to that price delivered.
roadrunner
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>always up to date silver coin values >>
And always wrong in the pricing of 90% silver coins for melt.
<< <i>
<< <i>always up to date silver coin values >>
And always wrong in the pricing of 90% silver coins for melt. >>
Site doesn't price silver coins, it only provides silver content value at current spot price of silver. To be used as a reference for the "spot value" of a coin. Price of a silver coin will be set by current market, and is normally not less than the spot value of the silver coin. If you find silver coins at less than their spot value please share a link with us.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong
<< <i>it's called calling around for the best price you'll never sell a silver coin using silver values in a coin that must be smelted to recover the silver. >>
Pretty good market for silver coins that must be smelted to recover the silver. Why else would people be paying 10X face for 90% silver coins? I believe the silver content iswhy the coins are in demand. So yes, silver content is important and the linked site is a good source for that info. Don't like it? Don't use it.
The government is incapable of ever managing the economy. That is why communism collapsed. It is now socialism’s turn - Martin Armstrong