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Flea market report....

DNADaveDNADave Posts: 7,271 ✭✭✭✭✭
in Precious Metals
OK, central WV may not be the barometer for the silver market. But it was a fun day to see what people are doing.
I didn't even take any silver with me, but there were many folks asking if I had any and several stopped buy to see if I was buying.

So spent what cash I had and bought a few walkers at $15 ea. I'm not sure what I was thinking but I did it. There was a seller putting out ASE's for $35 ea. Yep, $35. He was also selling Morgan/Peace for $35 too and walkers for $20.

Comments

  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    dnadave you should have told the guy to hold all the ASEs and then go to a bank and buy all of it
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  • WeissWeiss Posts: 9,941 ✭✭✭✭✭
    A guy selling ASEs at a flea market for considerably less than melt.

    Nothing suspicious about that at all.
    We are like children who look at print and see a serpent in the last letter but one, and a sword in the last.
    --Severian the Lame
  • MsMorrisineMsMorrisine Posts: 33,022 ✭✭✭✭✭
    yeah, I think I'd have my scale out, and been looking for a caliper.

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  • gsa1fangsa1fan Posts: 5,566 ✭✭✭


    << <i>A guy selling ASEs at a flea market for considerably less than melt.

    Nothing suspicious about that at all. >>



    Weiss, true story I had a heated argument at a flea market few years ago. I asked a vendor if he had any Morgan silver dollars.

    He says, " nope just the new ones" I said they do not make new silver dollars.

    He whips out a ASE turns it over and says, "smarty pants WTF that say?"
    I just shook my head and left.
    image

    image
    Avid collector of GSA's.
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭


    << <i>

    << <i>A guy selling ASEs at a flea market for considerably less than melt.

    Nothing suspicious about that at all. >>



    Weiss, true story I had a heated argument at a flea market few years ago. I asked a vendor if he had any Morgan silver dollars.

    He says, " nope just the new ones" I said they do not make new silver dollars.

    He whips out a ASE turns it over and says, "smarty pants WTF that say?"
    I just shook my head and left.
    image

    image >>



    He was of course entirely correct. ASE's are indeed silver dollars although no one ever calls them silver dollars and everyone around here calls them ASE's.


    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

  • gsa1fangsa1fan Posts: 5,566 ✭✭✭
    My point was the OP vendor was selling silver dollars & ASE's same price.

    Perhaps he truly believes they are worth the sameimage

    @ the time of my story cull silver dollars(Peace & Morgans) were fetching $12 a piece, ASE's about $8
    Avid collector of GSA's.
  • PerryHallPerryHall Posts: 46,113 ✭✭✭✭✭


    << <i>My point was the OP vendor was selling silver dollars & ASE's same price.

    Perhaps he truly believes they are worth the sameimage

    @ the time of my story cull silver dollars(Peace & Morgans) were fetching $12 a piece, ASE's about $8 >>



    Quite a few people believe that Morgan and Peace dollars contain a full ounce of silver. Hard to buy junk silver dollars for melt when they price them that way. Usually they don't believe you when you tell them that they only have a little more than three quarters of an ounce of silver.





    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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