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$4 over Spot was the premium today (silver)

piecesofmepiecesofme Posts: 6,669 ✭✭✭
Went to a show today and because Spot is let's say rounded off to $16, the magic number was $4 over Spot.
This was for 1 & 10 oz silver bars generic to Engelhard, didn't matter.
For ASE's whether you bought 1 or 100.
1 dealer had Kilo Johnson Matthey bars for $700.

The one exception I found was $19/round for 1987 Engelhard 1 oz prospectors, and I couldn't even pull the trigger on that. image

Common date Peace and 1921 Morgans...the cheapest I saw was $22/coin.
AU slider 1921 Morgans...$27/coin image
UNC (not BU) 1921 Morgans...$34/coin.
Pre-1921 AU Morgan Dollars...$35/coin

90% Halves (no culls)...$12.50 x face. Quarters & Dimes were $12 x face.

Hope this helps to gauge what dealers in the Chicagoland area are asking IN PERSON. To be shipped would be more.
To forgive is to free a prisoner, and to discover that prisoner was you.

Comments

  • derrybderryb Posts: 37,064 ✭✭✭✭✭
    That's some hefty preems. Gotta be careful with the prospectors, lots of counties out there. Good report, thanks.

    Exit bunker, enter Matrix. LOL

  • bosco5041bosco5041 Posts: 1,303
    I went to a show today and I seen very little silver, I think some of the dealers did not bring it. One dealer had 2015 silver eagles for $21.
  • BAJJERFANBAJJERFAN Posts: 31,098 ✭✭✭✭✭


    << <i>I went to a show today and I seen very little silver, I think some of the dealers did not bring it. One dealer had 2015 silver eagles for $21. >>



    What do you suppose his cost was? If you paid $19, $3 over aint gonna make you no money.
    theknowitalltroll;
  • PokermandudePokermandude Posts: 2,713 ✭✭✭
    At a coin show this weekend up here in Canada I was selling Maples at $3.90 over spot, generic 10 ozers at +$2.90 and generic 1 oz at +$3.40. BU condition "junk" silver dollars and halves at 12% over melt. Sold a fair bit, as those are decent prices up here. My prices on junk were the best at the show, maples near best (or probably the best after a dealer or two sold out) and average on the generic.
    http://stores.ebay.ca/Mattscoin - Canadian coins, World Coins, Silver, Gold, Coin lots, Modern Mint Products & Collections
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