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What would you consider "Competitive" for silver?

Sean1125Sean1125 Posts: 3,479
in U.S. Coin Forum
I'm trying to sell a few coins locally and I've spoken to quite a few people... The word "competitive" comes up, and then normally a % of spot. This is for pre64 coinage and a few rounds.


What do you consider competitive?

And... Realistically, not "100%"

Comments

  • TheBigBTheBigB Posts: 942 ✭
    Here is the silver page from one of our dealers in Portland, OR. They are usually quite competitive.

    AJPM
  • PerryHallPerryHall Posts: 46,824 ✭✭✭✭✭
    You may get more help on the precious metals forum.

    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

  • KISHU1KISHU1 Posts: 2,187 ✭✭✭
    In NJ competitive for 90% is around 69% of spot.

    Hope this helps
    Frank
  • coinman23885coinman23885 Posts: 1,126
    90% of spot.
  • rickoricko Posts: 98,724 ✭✭✭✭✭
    I would not be selling silver at this time... Cheers, RickO
  • TwoSides2aCoinTwoSides2aCoin Posts: 44,574 ✭✭✭✭✭
    Just a fraction higher than my competition is what I would consider competitive for silver.

    ``https://ebay.us/m/KxolR5

  • JustacommemanJustacommeman Posts: 22,852 ✭✭✭✭✭
    93-95% of spot for a large quantity of 90% silver would be competitive otherwise just ship it to one of the big guys. They pay that.

    Smaller quantities can sometimes be tricky.

    Not all generic wounds are created equal. Let's say your generics are top tier.............$1.00 back of spot would be reasonable.

    MJ
    Walker Proof Digital Album
    Fellas, leave the tight pants to the ladies. If I can count the coins in your pockets you better use them to call a tailor. Stay thirsty my friends......
  • nutmegnutmeg Posts: 345 ✭✭


    << <i>I would not be selling silver at this time... Cheers, RickO >>



    Agree. If you need the cash that's a different story. But I'm holding at this point.
  • jmski52jmski52 Posts: 23,233 ✭✭✭✭✭
    In NJ competitive for 90% is around 69% of spot.

    Axiom No.1 - Never sell your 90% silver in NJ.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • AhrensdadAhrensdad Posts: 2,583 ✭✭✭


    << <i>In NJ competitive for 90% is around 69% of spot.

    Axiom No.1 - Never sell your 90% silver in NJ. >>



    If melt for 90% is considered to be .715 (71.5%) times spot, then 69% seems pretty fair. MJ mentioned 93-95% of spot, where I think he likely means 93-95% of melt, though I don't want to put words in anyones mouth. Are my numbers off here?
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  • jmski52jmski52 Posts: 23,233 ✭✭✭✭✭
    If no basis is stated, then 69% of anything is a bad deal.

    69% of spot would be $32.90 x .69 = $22.70/oz.

    69% of melt would be $32.90 x .715 = $23.52/oz. x .69 = $16.23/oz.

    If the basis is $32.90/oz. @ 100% purity, then we are talking about something different.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • UncleJoeUncleJoe Posts: 2,551 ✭✭✭


    << <i>If no basis is stated, then 69% of anything is a bad deal.

    69% of spot would be $32.90 x .69 = $22.70/oz.

    69% of melt would be $32.90 x .715 = $23.52/oz. x .69 = $16.23/oz.

    If the basis is $32.90/oz. @ 100% purity, then we are talking about something different. >>



    I believe he means .69 of spot equates to 22.7 x face.

    Joe.
  • jmski52jmski52 Posts: 23,233 ✭✭✭✭✭
    I believe he means .69 of spot equates to 22.7 x face.

    Joe, that equates to a spot price of $32.90/oz. on a 100% basis. ($22.70/.69 = $32.90)


    It's impossible to know what he meant, because he didn't state his basis.

    What he said was 69% of spot, which is not the same thing.

    69% of a spot price of $32.90 is $22.70/oz. on a 100% basis, which is a bad deal.
    Q: Are You Printing Money? Bernanke: Not Literally

    I knew it would happen.
  • commoncents05commoncents05 Posts: 10,096 ✭✭✭


    << <i>

    << <i>In NJ competitive for 90% is around 69% of spot.

    Axiom No.1 - Never sell your 90% silver in NJ. >>



    If melt for 90% is considered to be .715 (71.5%) times spot, then 69% seems pretty fair. MJ mentioned 93-95% of spot, where I think he likely means 93-95% of melt, though I don't want to put words in anyones mouth. Are my numbers off here? >>



    Nope, you're dead on.

    -Paul
    Many Quality coins for sale at http://www.CommonCentsRareCoins.com
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    Craigslist for melt or sell it here for melt. That's 100%
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.

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