What is a fair price to offer for 90% silver?
superpsychmd
Posts: 1,318 ✭✭✭
What are dealers offering for small amounts?
0
superpsychmd
Posts: 1,318 ✭✭✭
Comments
About 10 pct back of melt.
How would that translate to face value?
Try the Precious Metals Forum here. One dollar face value weights approximately 0.715 troy ounces. Multiply that times the spot price of silver to find the melt value of a dollar in 900 fine silver coins.
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
Will do thanks
U.S. Silver Coin Values 1x
USD
1x 1942-1945 WWII Silver Nickel =0.92
1x 1892-1916 Barber Dime =1.18
1x 1916-1945 Mercury Dime =1.18
1x 1946-1964 Roosevelt Dime =1.18
1x 1892-1916 Barber Quarter =2.96
1x 1916-1930 Standing Liberty Quarter =2.96
1x 1932-1964 Washington Quarter =2.96
1x 1776-1976 Bicentennial Quarter =1.21
1x 1892-1916 Barber Half =5.92
1x 1916-1947 Liberty Half =5.92
1x 1948-1963 Franklin Half =5.92
1x 1964 Kennedy Half =5.92
1x 1965-1970 Kennedy Half =2.42
1x 1878-1921 Morgan Dollar =12.65
1x 1921-1935 Peace Dollar =12.65
1x 1971-1976 Eisenhower Dollar =5.17
This is at 16.36 spot.
1947-P & D; 1948-D; 1949-P & S; 1950-D & S; and 1952-S.
Any help locating any of these OBW rolls would be gratefully appreciated!
So maybe 10x face value is reasonable to buy at?
Don't forget that depending on supply and demand .900 silver coins can be worth a little more or a little less than melt value. In other words it sometimes sells for a small discount and other times it sells for a small premium. Usually small quantities sell for less per dollar face value than $500 or $1000 face value bags. Check the prices by the large on-line bullion dealers such as APMEX, Provident Metals, and J M Bullion.
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
Depends. Is someone like a friend offering to sell some to you? How much would you have to pay on the open market? If you'd be willing to pay X from APMEX then you should be willing to pay X from other sellers.
Yes. At current prices. Watch prices they change quickly sometimes.
This is often an handy calculator to provide the melt value of 90%...and I agree with the 10% back of melt.
coinflation.com/coins/silver_coin_calculator.html
K
Good luck with that scenario....let me know if you find anyone willing to sell at 10x face for anything under $100 face.
The highest bid at the current silver spot price on CCE is $11,361 per $1000 Face Bag. Anywhere around 10X Face to BUY, is a fair number.
The market seems a bit soft right now... so a good buyers opportunity... I would buy at 10% below melt as a general guide. Cheers, RickO
Thanks folks. I love the boards!
Loaded question(s). What's fair and what dealers are paying is like an oxymoron.
``https://ebay.us/m/KxolR5
here is the chart I use http://www.coinflation.com/silver_coin_values.html
If it'll help you out, you can offer me $50 on the dollar and I'll probably accept your offer.
Cheers
Bob
A good starting point for the estimate is SPOT * .7 per dollar face value of 90% silver.
Example: If spot is $16 then for $1 of 90% silver you should be near 16 * .7 = $11.20 or 11.2 x face. Now consider the dealer needs to put food on the table, so 10.5 x face would seem fair. If the offer is less than 10 I would not do business.
Upper right hand corner of this page is a handy dandy link to melt value. I'm with the 10% back crowd if you're in the trade (or actually need to make money), but pay what you're willing if you're hoarding.
Check out my current listings: https://ebay.com/sch/khunt/m.html?_ipg=200&_sop=12&_rdc=1
Also remember if you are actually going to have it refined to pure silver there are refinery charges.
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