WTB: 90% US SILVER PAYING .65 X SPOT
KISHU1
Posts: 2,133 ✭✭✭
Buying 90% US silver at spot X .65 which at $20.84 = $13.55
Postage is by the seller
Price is determined at the closing price of the day I receive the silver.
Payment will be by check or Money Order sent on the next business day after I receive the silver
Any questions please ask
Thanks
Frank Dallessio
908-938-5000
Postage is by the seller
Price is determined at the closing price of the day I receive the silver.
Payment will be by check or Money Order sent on the next business day after I receive the silver
Any questions please ask
Thanks
Frank Dallessio
908-938-5000
0
Comments
This means that if spot price of 90% silver coins is 16.29x face value, you are willing to pay 10.58x face value with the seller paying shipping and shipping the coins to you before you make the payment?
Do I have that right?
Frank
Just sayin
<< <i>I'm just trying to understand your ad. You are offering to buy silver at 65% of the spot price if I'm reading correctly.
This means that if spot price of 90% silver coins is 16.29x face value, you are willing to pay 10.58x face value with the seller paying shipping and shipping the coins to you before you make the payment?
Do I have that right? >>
Gambinotdx, No you do not have that right. At $22.50 spot basis, the MELT value of $1.00 of AS MADE (PRISTINE UNC.) 90% silver U.S. coins would be $16.20. Unless you have such quality to offer, the $16.20 value is but a figment of your imagination. Circulated 90% coinage commands a lesser value in a majority of market conditions, or unless certain conditions are inclusive, such as large face amounts, i.e bag quantities of $1,000 face.
The OP's offer of 14.62X, when divided into the optimum melt value of 16.20X = 90% of optimum melt value on a spot basis of $22.50. That is a reasonably competitive rate IMHO.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
<< <i>
<< <i>I'm just trying to understand your ad. You are offering to buy silver at 65% of the spot price if I'm reading correctly.
This means that if spot price of 90% silver coins is 16.29x face value, you are willing to pay 10.58x face value with the seller paying shipping and shipping the coins to you before you make the payment?
Do I have that right? >>
Gambinotdx, No you do not have that right. At $22.50 spot basis, the MELT value of $1.00 of AS MADE (PRISTINE UNC.) 90% silver U.S. coins would be $16.20. Unless you have such quality to offer, the $16.20 value is but a figment of your imagination. Circulated 90% coinage commands a lesser value in a majority of market conditions, or unless certain conditions are inclusive, such as large face amounts, i.e bag quantities of $1,000 face.
The OP's offer of 14.62X, when divided into the optimum melt value of 16.20X = 90% of optimum melt value on a spot basis of $22.50. That is a reasonably competitive rate IMHO. >>
The OP clarified that 5 hours before you but thanks for the confirmation.
I didn't say that 14.62x face value was reasonably competitive or not, even though it isn't.
If you think you can buy pristine Unc 90% silver at 16.2x face value at this spot price then you are either dreaming or ripping off an uneducated seller.
I've tried selling rolls of proof 90% at regular 90% prices and got laughed at.
I've never tried your buying technique.
<< <i>Please clarify. Provident presently is buying 90% silver coins at nearly 17 times face all day. Are you sure your numbers are correct? >>
More accurately so, Provident is presently offering 16.80X for a MINIMUM OF $1,000 FACE. Lesser amounts command lesser rates. Count on it.
"Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
http://www.americanlegacycoins.com
<< <i>
<< <i>Please clarify. Provident presently is buying 90% silver coins at nearly 17 times face all day. Are you sure your numbers are correct? >>
More accurately so, Provident is presently offering 16.80X for a MINIMUM OF $1,000 FACE. Lesser amounts command lesser rates. Count on it. >>
Provident does have a minimum, but it is $1000 of value - not $1000 face value. They are offering 16.85 times face as long as you meet that $1000 value minimum. I have sold 90% to them more than once. Here is a link if it helps.
<< <i>The offer is the same offer you would get from a reasonable B&M shop. Nothing wrong with the offer! >>
I agree. It's a fair offer. I don't know if the OP has a storefront or not or a buying client or not, but did you ever think he might be trying to buy some 90% to fill an order at his B&M for a small profit? GASP!!! A PROFIT?!?!?! Surely you jest?!!? You mean you actually have to pay somebody LESS for something than you SELL it for?? That just ain't right. That light bill should be free and those ohter people that work there should at least want to work for less than minimum wage..........
This was already at the top of the BST, otherwise I wouldn't have responded and bumped it.
If you don't like an offer, a sale price, or trade bait.......move on.
Too many positive BST transactions with too many members to list.
17 X face.
<< <i>I think most people on these boards would buy non-cull 90% at
17 X face. >>
Personally as one whom has offed quite a bit of silver here lately... I will disagree with this statement... Most here that in my opinion as well as like to keep their offers private would not be near the 17x face at this time. If you think I'm wrong.. Put up a post at 17x and see how many replies you get offering to buy at 17x...vs "I'll offer 15.5 x"
Second, I don't lower my asking price because someone is,says or plays dealer ( of which there are way too many here that try to wear big pants). Don't mater in the PM world unless you are talking $$$$ and up.. Even then you are talking 1-2% and not the difference between say 15 x and 17 x which is a greater %'?.... This is a BST board...same items and price available to all.... I'm jus sayin....
To be clear.. Whatever the OP offers is his offer....no need for anyone to call him out on it...if someone wants to dwell at that offer it is up to them....not ?..YOU's...
<< <i>
<< <i>I think most people on these boards would buy non-cull 90% at
17 X face. >>
Personally as one whom has offed quite a bit of silver here lately... I will disagree with this statement... Most here that in my opinion as well as like to keep their offers private would not be near the 17x face at this time. If you think I'm wrong.. Put up a post at 17x and see how many replies you get offering to buy at 17x...vs " I'll offer 15.5 x...
Second without I don't lower my asking price because someone is,says or plays dealer ( of which there are way too many here that try to wear big pants). Don't mater in the PM world unless you are talking $$$$ and up.. Even then you are talking 1-2% and not the difference between say 15 x and 17 x which is a greater %'?.... This is a BST board...same items and price available to all.... I'm jus sayin....
To be clear.. Whatever the OP offers is his offer....no need for anyone to call him out on it...if someone wants to dwell at that offer it is up to them....not ?..YOU's... >>
Maybe you are right. I would pay 17x but no culls or paper thin. Sellers can get better than 17x on eBay, but then there are fees. When metals first came down hard
there were shortages of physical coins, but the supply has now caught up with the demand.
Thanks for looking
Frank D.
Thanks for looking
Frank D.
Or drunk thinking pristine 90% can be purchased at that amount. Standard non-cull and/or non-pristine 90% is typically negotiated at .715 as a starting point in my experience. Things like quantity and if it's Halves or not also can mix into the offer.
The beauty of a post like this is it's an example of a person putting a number out there. It can be anything they think is fair. Some may scoff, some may think it's laughable, others may take it seriously and proceed by sending a message.
What I like about it, eventhough I think the offer is considerably low, is that the buyer (the OP) was willing to be the one to put the number out there first. No one wants to be first in a negotiation, but the OP did that and for that I commend him because when I sell 90%, I always have to be the first to put a number on it and then the potential buyer can counter I suppose. It's the ones that don't even get back to you just to politely let you know "no thanks" are the ones I blacklist. But that's a story for another thread.
Rob
Successful Trades with: Coincast, MICHAELDIXON
Successful Purchases from: Manorcourtman, Meltdown
He's not selling, it's a WTB thread, not a FSH one. Seems to be some confusion about that.
He WantsToBuy at $14.62 x face, and I would be a bigtime buyer at that price too
<< <i>No need for opinions, if you don't like the price and/or the terms do not purchase
He's not selling, it's a WTB thread, not a FSH one. Seems to be some confusion about that.
He WantsToBuy at $14.62 x face, and I would be a bigtime buyer at that price too
Thank you for clarifying my post...I knew what he meant...just worded it poorly
No need for opinions, if you don't like the price and/or the terms do not enter into a transaction.
BTW, I am a buyer at this price also, as many others maybe as well. BUT...Kudos to the OP for trying!!!
Rob
Successful Trades with: Coincast, MICHAELDIXON
Successful Purchases from: Manorcourtman, Meltdown
After all these comments, a seller would have to consider themselves a total idiot to sell to him. Why not let the dude exist in peace in his own thread!?
With silver at $22.00 I am paying 14.3 X Face
Thanks for looking
Frank D.
Thanks
Frank D.
Thanks for looking
Frank D.
Thanks for looking
Frank D.
Thanks for looking
Frank D.
Todays buying price with Spot Silver at $21.35 X .65 = $13.88 times Face
Thanks for looking
Frank D.
Currently paying approx. $13.55 x face
Thanks for looking
Frank D.