What are dealers paying for silver coins at shops now

Comments

• BryceM Posts: 11,863 ✭✭✭✭✭

  July 6, 2016 5:48AM

  Most people don't consider Walkers, Morgans, or Peace dollars to be generic (junk silver). Those should carry a premium over spot even in VF grades. Check completed eBay listings to get a feel for this.
  
  
  
  Beyond that, there isn't really any universal consensus on what people are paying. Usually, for actual junk silver they'll pay a few % back of spot, depending of course on quantity, the amount of drama associated with the transaction, availability of buyers, their current cash flow situation, etc. etc.
  
  
  
  For most circulated silver, multiply 0.715 x face value to get ounces. Look up the current spot price and figure a little lower than this.
  
  
  
  If you want to know what your local dealers are paying for your particular items the easiest thing would be to call them and ask.

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• TopographicOceans Posts: 6,535 ✭✭✭✭

  July 6, 2016 6:10AM

  Silver coin melt value calculator

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• coindeuce Posts: 13,496 ✭✭✭✭✭

  July 6, 2016 6:22AM

  Originally posted by: TopographicOceans
  
  Silver coin melt value calculator

  
  
  
  
  The above only shows a correlation to the spot price of silver. It proffers only a basis of relevance for the price of bulk 90% silver, which can have variable premium values on a dynamic basis to the market, based on a number of factors including quantities available, and denomination/type.
  
  
  
  I see retail sale pricing for 90% presently hovering around the spot(ask) +$2 per ounce basis, using the conversion factor of .715 as general consideration for actual silver content per dollar of circ. 90%.
  
  
  
  Purchase rates can vary widely, but I would expect to pay close to spot(bid) X .715 for small amounts of circ. 90%
  
  
  
  

  "Everything is on its way to somewhere. Everything." - George Malley, Phenomenon
  http://www.american-legacy-coins.com

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• keets Posts: 25,351 ✭✭✭✭✭

  July 6, 2016 6:38AM

  with Silver @ $20 buyers will probably pay around $14.40 times face for 90 including Walkers.

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• Washingtoniana Posts: 278 ✭✭✭

  July 6, 2016 6:55AM

  In my experience, AJPM's buy prices are about the best you can expect from your local shop...
  
  https://www.ajpm.com/silver-bullion/

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• NewEnglandNotes Posts: 295 ✭✭✭

  July 6, 2016 7:13AM

  Yesterday afternoon, with silver just a hair under $20, I paid $14.5 x face for walkers and Franklins. The dealer I frequent has never charged me more for walkers vs Franklins and Kennedys. There have been a few times where half dollars have been about .5x more than quarters or dimes, but not in the last 4-6 months that I can recall.

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• CaptHenway Posts: 32,800 ✭✭✭✭✭

  July 6, 2016 7:15AM

  Originally posted by: keets
  
  with Silver @ $20 buyers will probably pay around $14.40 times face for 90 including Walkers.

  
  
  
  
  Over melt? ($14.30) When you say buyers, do you mean people on the BST forum? I can't see shops paying over melt.

  Numismatist. 50 year member ANA. Winner of four ANA Heath Literary Awards; three Wayte and Olga Raymond Literary Awards; Numismatist of the Year Award 2009, and Lifetime Achievement Award 2020. Winner numerous NLG Literary Awards.

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• mannie gray Posts: 7,259 ✭✭✭✭✭

  July 6, 2016 7:17AM

  I sold some locally yesterday and got 14x

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• jdimmick Posts: 9,784 ✭✭✭✭✭

  July 6, 2016 9:11AM

  Shops around here are paying 10-12x.

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• coinhack Posts: 1,180 ✭✭✭✭

  July 6, 2016 9:29AM

  Today's coin prices:
  
  July 6, 2016 @4:00 PM
  
  Spot silver $20.16
  
  Buy per $: $14.60 for dimes and quarters $14.81 for halves
  
  Sell per $: $15.85 for dimes and quarters $16.20 for halves

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