In the real world, NOT EBAY...

piecesofme

do sellers really think they are going to get melt values for 90% silver at these levels? I'm not talking .999, i'm talking about 90% silver coinage. I'm just asking, because I see alot of insane prices out there and some sellers cant understand why the stuff isnt selling.

Whats your top B&M paying for melt right now? Monday when melt was $16.80, and after hitting all 8 local B&M's in the area, I ended up going back to the 4th one because he was high @ $15.75...and this was for $600 FV!!! Call me crazy, but I sold, because after running it here for a couple days with no bites, I knew thats all I was going to get at that time. Now if I had a crystal ball, I obviously would've held it, but in the real world things dont work that way.

derryb

I'm getting it. In a strong silver bull market, spot for silver coinage is a bargain.

piecesofme

You must be more patient than me. I dont like sitting on the risk knowing this incredible PM run has to end at some point and could tank as quickly as it's rising.

RedTiger

Bigger dealers are showing 16.5x (buy) to 17.3x (sell) and with tonight's increase 16.97 to 17.72 for $1000 bags.

I am fortunate that one of the bigger dealers is local. Most people have to ship their silver to get those prices, but it isn't that hard. A phone call and that day's postmark locks in the quoted price. Postage and insurance will cost, but not as much as the difference down to 15.75x. Still, there is something to be said to having the cash in hand.

jmski52

Tulving is buying at spot less $0.59 and selling at spot. The market spreads and premiums change constantly, especially when metals are on the move. You can't control what happens, so it's best simply to buy or sell when you dictate and not when the market "seems" advantageous.