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What are 1 oz generic silver rounds going for these days?

PerryHallPerryHall Posts: 46,238 ✭✭✭✭✭
in Precious Metals
I just bought some 1 oz generic silver rounds with the buffalo nickel design and marked 999 fine from a fellow collector at my coin club meeting. What are dealers paying for these and what are they selling them for in relation to melt value? I'm curious if I overpaid for them.

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

Comments

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    rounds like that are 1-1.25 over spot locally in my area.

    Sellers are paying spot or slightly below spot. If you want to sell, I suggest selling to people here.
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • carscars Posts: 1,904
    I had a hard time selling JM & Engelhard bars for .50 over spot last week on BST
    Its all relative
  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    I got .20 cents back of spot from AMPEX
    Avid collector of GSA's.
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,364 ✭✭✭✭✭
    Less if selling and more if buying.
  • Norseman88Norseman88 Posts: 962


    << <i>I had a hard time selling JM & Engelhard bars for .50 over spot last week on BST >>



    If you had a hard time getting 50 cents over spot for 1,5 or 10 oz. JM & Engelhard bars I would find that hard to believe however I could believe it on 20 -100 oz. bars.
  • OPAOPA Posts: 17,124 ✭✭✭✭✭


    << <i>I just bought some 1 oz generic silver rounds with the buffalo nickel design and marked 999 fine from a fellow collector at my coin club meeting. What are dealers paying for these and what are they selling them for in relation to melt value? I'm curious if I overpaid for them. >>



    These rounds are or were readily available from NW Mint @ $.49 above spot. Currently you'd be lucky to get that if you try to sell them.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • adamlaneusadamlaneus Posts: 6,969 ✭✭✭
    American Silver Eagles at APMEX seem to have a $1.99 premium over spot. Wasn't it $3.49 or $3.99 at it's peak?

    Does anyone know how low that premium gets? I have not watched the price behavior for all that long.

    Man, I wish I had bought silver a few months ago. But there I go, beating myself up for not timing a market. Not a healthy behavior, that.
  • PerryHallPerryHall Posts: 46,238 ✭✭✭✭✭
    Thanks for all the info. So dealers pay melt or a little under melt and dealers charge a few cents above melt. That's the nice thing about PM's---fairly narrow buy/sell spread unlike most numismatic coins.

    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

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