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90%silver drying up?

chumleychumley Posts: 2,305 ✭✭✭✭
in Precious Metals
I have noticed on the bst that the amount of 90% silver had dwindled considerably.I.m new to bullion so is this normal? as the bull charges people hold onto their pms a bit tighter?

Comments

  • PerryHallPerryHall Posts: 46,122 ✭✭✭✭✭
    What is 90% silver bringing these days? Do half dollars bring a premium over dimes and quarters?

    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

  • chumleychumley Posts: 2,305 ✭✭✭✭
    dimes are $1.50 quarters are $3.70ish and halfs are $7.50ish
  • sebrownsebrown Posts: 424 ✭


    << <i>I have noticed on the bst that the amount of 90% silver had dwindled considerably.I.m new to bullion so is this normal? as the bull charges people hold onto their pms a bit tighter? >>



    There might be a lack of sellers on the BST, but Tulving currently has 250 $1k bags for sale. They are more often than not completely sold out of 90% bags so this would indicate to me that more people are selling into strength.

    "In the absence of the gold standard, there is no way to protect savings from confiscation through inflation [...] Gold stands in the way of this insidious process. It stands as a protector of property rights." - Alan Greenspan
  • CaptHenwayCaptHenway Posts: 32,123 ✭✭✭✭✭
    Very little coming into our store. I suspect people are waiting for it to go higher.
    MOO
    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • gdavis70gdavis70 Posts: 256 ✭✭✭
    I tried to sell 60.00 in mercuries on the BST a few times in the 19's and I wasn't asking full spot... I finally sold them to one of those nasty Gold and silver shops for 1.20 each.

    AntiqueBanknotes • National Currency
  • chumleychumley Posts: 2,305 ✭✭✭✭
    doesnt sound encouraging for my 20 rolls of dimesimage
  • tydyetydye Posts: 3,894 ✭✭✭
    Dimes always seem to be the hardest sell. Everyone wants half dollars for their 90%.
  • CaptHenwayCaptHenway Posts: 32,123 ✭✭✭✭✭


    << <i>What is 90% silver bringing these days? Do half dollars bring a premium over dimes and quarters? >>



    It depends. I've got $500 counted out sitting on the floor at the coin shop right now. If you came in and said you wanted to buy half a bag of silver, you could buy it all for melt, cash or check. I think there's either $100 or $150 in halves in the mix.

    If you came in and said you wanted to buy all our halves, but not the dimes and quarters, you would pay a higher rate.

    If you came in and said that you wanted to buy $500 worth of halves, you would pay an even higher rate, because then I would have to go out and buy the extra face value I needed for the order.

    TD
    Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.
  • CoulportCoulport Posts: 1,087 ✭✭✭
    My local shop is loaded with 90%.
    It is selling dimes or quarters at melt.
    Oh, if you want halfs it will cost you 10¢ more per dollar face.
    The most money I made are on coins I haven't sold.

    Got quoins?
  • roadrunnerroadrunner Posts: 28,303 ✭✭✭✭✭
    If a scenario comes where you need that 90% for bartering or smaller purchases like gum, candy, soda, newspaper, etc....those Merc dimes will come in very hand. Or you can just fork over a half dollar and pay $7-$10 for the paper. The halves will work well for a pack of smokes someday.

    roadrunner
    Barbarous Relic No More, LSCC -GoldSeek--shadow stats--SafeHaven--321gold
  • TrustNo1TrustNo1 Posts: 1,359 ✭


    << <i>If a scenario comes where you need that 90% for bartering or smaller purchases like gum, candy, soda, newspaper, etc....those Merc dimes will come in very hand. Or you can just fork over a half dollar and pay $7-$10 for the paper. The halves will work well for a pack of smokes someday.

    roadrunner >>

    A Peace dollar might even get ya a pack of cigs here in NY...maybe. Bloomberg isnt done yet.
  • sumrtymsumrtym Posts: 394 ✭✭✭


    << <i>Dimes always seem to be the hardest sell. Everyone wants half dollars for their 90%. >>


    I'll tell you where that is NOT true....metal detecting clubs. Most clubs have a sponsored hunt, either an open hunt where any one can join, or a private member only competition hunt each year and the majority of what is planted is dimes. By these clubs, they are the most in demand form of silver (I say this following our hunt this month for which I had to acquire the silver as Treasurer).
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