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Question on silver round bought at coin show

ajaanajaan Posts: 17,362 ✭✭✭✭✭
in Precious Metals
I picked this up this morning at the monthly Buffalo Numismatic Association coin show. Is this basically worth spot or is there a premimum placed on the round. I'm new to buying silver so any help is appreciated. I also picked up some American Silver Eagles for $30 each at the same show.

image

DPOTD-3
'Emancipate yourselves from mental slavery'

CU #3245 B.N.A. #428


Don

Comments

  • MsMorrisineMsMorrisine Posts: 33,012 ✭✭✭✭✭
    doesn't look like Cal
    Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
  • OPAOPA Posts: 17,119 ✭✭✭✭✭
    Around 5k minted .. worth melt + a very small margin on eBay.
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • mkman123mkman123 Posts: 6,849 ✭✭✭✭
    you could probably get a small premium over spot. Nice round
    Successful Buying and Selling transactions with:

    Many members on this forum that now it cannot fit in my signature. Please ask for entire list.
  • ajaanajaan Posts: 17,362 ✭✭✭✭✭
    Did I overpay at $30?

    DPOTD-3
    'Emancipate yourselves from mental slavery'

    CU #3245 B.N.A. #428


    Don
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    No, you didn't overpay @ $30, but with Spot @ $28.75 now, you wouldn't make anything either...if that was your intent.
    If you bought it to keep because you like it, you did alright. image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • johnny9434johnny9434 Posts: 28,304 ✭✭✭✭✭


    << <i>Did I overpay at $30? >>

    id say no and ya did ok
  • tneigtneig Posts: 1,505 ✭✭✭
    It's an oz of silver. Spot + $1 or so is good. I'll buy an oz of silver at spot +$1 all day!
    Ebay always has some sport star type they are trying to sell for $55 or so. Mostly they don't, sometimes they do.
    Sell when silver hits $60.
    COA
  • piecesofmepiecesofme Posts: 6,669 ✭✭✭
    Sell when silver hits $60.

    umm, it has to break $30 first image
    To forgive is to free a prisoner, and to discover that prisoner was you.
  • OPAOPA Posts: 17,119 ✭✭✭✭✭


    << <i>Sell when silver hits $60. >>



    I should live so long image
    "Bongo drive 1984 Lincoln that looks like old coin dug from ground."
  • mrpaseomrpaseo Posts: 4,753 ✭✭✭


    << <i>Did I overpay at $30? >>



    At current asking spot of $28.49 you paid 5.3% over spot (At $30).

    (Ask is what they charge you + a certain %, usually about 1.5% to 3%)

    (Bid is what you can expect to sell at - a certain %, usually about 1.5% to 3%)

    That is if what I am learning is correct...lol.

    Ray
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