Indication of how bad it is around here!

jdimmick

I have had 5 1 oz Englehard Prospector Rounds sitting in the shop for 2 weeks priced at spot plus 50c, and not a single buyer in 2 weeks.

Silver Eagles priced at spot plus 1.00, and only sold about 7-8 coins in over a week,

yet have bought in excess of 10-15k per day with some days exceeding 20k in gold , silver

jim

cohodk

Sounds like my local shop.

At our coin club auction last week no gold sold and 90% sold for 10% back and 999 at spot or less. Granted a coin club is a very small sample, but.....

the best cure for high prices is high prices.

10 years ago an ounce of silver could be had for 15 minutes of J6P time. Now it's 2 hours.

OPA

<< <i>I have had 5 1 oz Englehard Prospector Rounds sitting in the shop for 2 weeks priced at spot plus 50c, and not a single buyer in 2 weeks.

Silver Eagles priced at spot plus 1.00, and only sold about 7-8 coins in over a week,

yet have bought in excess of 10-15k per day with some days exceeding 20k in gold , silver

jim >>



You need to open an eBay store...Not the most popular round, nevertheless, it's averaging around $45 under straight auction format

jdimmick

I have one, but by the time you add fee's , its less.

I actually ship silver to the same firm I ship all the scrap gold, bars 90% etc, I just thought since they were englehards I, I d keep a few in the stor e to sell, fact is nobody and I mean nobody is buying anything gold or silver locally, they are just selling .

Justacommeman

<< <i>I have one, but by the time you add fee's , its less.

I actually ship silver to the same firm I ship all the scrap gold, bars 90% etc, I just thought since they were englehards I, I d keep a few in the stor e to sell, fact is nobody and I mean nobody is buying anything gold or silver locally, they are just selling . >>



I buy these at $1.00 over spot whenever I see them at this price. MJ

MIKFLO

I am on the other side.
Three weeks in the row , just selling. 40K - silver eagles , silver rounds and 90%.
Just only bought about 30 face of 90% and a few silver eagles.

BigE

Buyers may not be feeling the urge to purchase because prices are a little stagnant, or they fluctuate but return to previous levels, so there is no sense of urgency to buy or miss the boat and be left behind-------------BigE

Coyn

J6P is broke. The buyers are in Asia and India.

piecesofme

There is definitely a buyers strike going on...do I buy or do I sell is being asked alot within the circles I run around.

And with the blood in the streets that appears is going to happen today (Silver ALREADY - 4+% at the time I post this), the answers to the buy or sell or hold questions become that much more murky.

Wingsrule

4% is a speed bump for stackers.

So is 14%.

I am seeing no buyers strike for reasonably priced merchandise.

I plan on hitting a few B&Ms later today.

Coulport

I was looking at Onzas and a couple of Britannias at spot as well as 90% halfs yesterday at a shop.

Glad I waited.