Is Anybody Raiding the Family Silver Chest?

DisneyFan · October 17, 2025 6:08PM

Back in the day every bride had sterling silver mentioned in their wedding registry. The very wealthy even mentioned coffee and tea sets. It appears sterling has been replaced by stainless steel. Is there any sterling left to be melted?

MsMorrisine · October 17, 2025 6:10PM

ask asheland

johnny9434 · October 17, 2025 6:50PM

Nope

Namvet69 · October 18, 2025 8:15AM

Plenty of silver service at the flea market. 😎

DisneyFan · October 18, 2025 2:38PM

@Namvet69 said:
Plenty of silver service at the flea market. 😎

Now charging melt?

blitzdude · October 18, 2025 2:44PM

When I was in line Friday at PAN to sell some Pt Maples there were multiple ladies in line with a handful of 14-18k rings and chains. They were all selling but didn't pay any attention to what they were being offered. Didn't see anyone with Grandmas gutterware but did see a few 90% junk guys getting turned away with no sale. RGDS!

Azurescens · October 18, 2025 8:38PM

@blitzdude said:
When I was in line Friday at PAN to sell some Pt Maples there were multiple ladies in line with a handful of 14-18k rings and chains. They were all selling but didn't pay any attention to what they were being offered. Didn't see anyone with Grandmas gutterware but did see a few 90% junk guys getting turned away with no sale. RGDS!

This is another fake story from someone who isn't a genuine seller or hobbyist.

asheland · October 18, 2025 8:40PM

Yes! We have had so much silver come through the shop. It’s almost ridiculous, until recently we were probably sending it to the refiner about once a week! There is a ton of that stuff still out there believe it or not.

bigjpst · October 19, 2025 4:51AM

At this weekends Las Vegas coin show there are tons of dealers with bags of 90% silver for sale. Not moving much other than dollars.

Mexican coin dealers bought virtually all my 5 and 10 pesos on setup day.

I have sold a total of 3 silver eagles at spot+2 and 3 vintage art bars at spot +1. The majority of people asking about silver were asking for Libertads. There are several dealers with tons of them, but they are still asking a huge premium on the common date coins. A few people looking for gold and similar asking for platinum.

I friend who sells only modern world and US bullion told me yesterday his show was a bit slow.
I’ve had a few people with collections of graded silver eagles looking to sell. Some who were only looking for a couple dollars over spot. That’s not really my thing so I wasn’t a buyer.

All in all a decent show, but I’m not seeing a whole lot of silver excitement from the public
I did take the opportunity to buy some cool silver for myself near spot.

TwoSides2aCoin · October 19, 2025 7:09AM

Nah…. I’m still busy raiding the fridge.

taxmad · October 19, 2025 7:22AM

@bigjpst said:

I did take the opportunity to buy some cool silver for myself near spot.

Is that a 5 ozer?

jmski52 · October 19, 2025 7:51AM

A few people looking for gold and similar asking for platinum.

I seldom see much platinum at coin shows, nor do I ever hear about people asking for it. However, the worm has turned. Platinum is also in backwardation and it's an even smaller market than silver.

I have a fair amount of platinum 2nds, 3rds and 4ths that I was thinking about selling at some point, but knowing what I know now I am going to hold out for significantly higher prices.

Think "rhodium".

RobM · October 19, 2025 9:03AM

@jmski52 said:

Think "rhodium".

I wonder if anyone still produces rhodium bullion bars? And how many still exist?

MsMorrisine · October 19, 2025 9:17AM

because of the spread, huge price swings and i'll guess it's difficult to hedge the ask prices are ridiculous over rhodium spot

blitzdude · October 19, 2025 9:28AM

@jmski52 said:
A few people looking for gold and similar asking for platinum.

I seldom see much platinum at coin shows, nor do I ever hear about people asking for it. However, the worm has turned. Platinum is also in backwardation and it's an even smaller market than silver.

I have a fair amount of platinum 2nds, 3rds and 4ths that I was thinking about selling at some point, but knowing what I know now I am going to hold out for significantly higher prices.

Think "rhodium".

One of the dealers I talked to on Friday when trying to sell my Pt CML's said "Nah, I'd probably mix it up and accidentally sell it as an ounce of gutter". LOL valid point. RGDS!

DisneyFan · October 19, 2025 10:58AM

@blitzdude said:

One of the dealers I talked to on Friday when trying to sell my Pt CML's said "Nah, I'd probably mix it up and accidentally sell it as an ounce of gutter". LOL valid point. RGDS!

That's another argument for buying a PLTT ETF.

bigjpst · October 19, 2025 11:56AM

@taxmad said:

@bigjpst said:

I did take the opportunity to buy some cool silver for myself near spot.

Is that a 5 ozer?

Yes it is. Actually bought 2 of them. Both are the patriots.

blitzdude · October 19, 2025 12:41PM

@DisneyFan said:

@blitzdude said:

One of the dealers I talked to on Friday when trying to sell my Pt CML's said "Nah, I'd probably mix it up and accidentally sell it as an ounce of gutter". LOL valid point. RGDS!

That's another argument for buying a PLTT ETF.

Yes, someone here got me into the PPLT about this time last year. It was a very good move. RGDS!

vpr · October 19, 2025 12:46PM

I bought a set of incomplete sterling flatware from our PM BST a few years ago when silver was closer to $20. I added some pieces to it, completed it and replaced my in-use stainless flatware set. One of the better purchases I've made. It has been in continuous use and I've more than doubled my investment.

DisneyFan · October 19, 2025 2:02PM

@vpr said:
I bought a set of incomplete sterling flatware from our PM BST a few years ago when silver was closer to $20. I added some pieces to it, completed it and replaced my in-use stainless flatware set. One of the better purchases I've made. It has been in continuous use and I've more than doubled my investment.

That's called having your cake and eating it too.

DisneyFan · October 19, 2025 2:05PM

@blitzdude said:

@DisneyFan said:

@blitzdude said:

One of the dealers I talked to on Friday when trying to sell my Pt CML's said "Nah, I'd probably mix it up and accidentally sell it as an ounce of gutter". LOL valid point. RGDS!

That's another argument for buying a PLTT ETF.

Yes, someone here got me into the PPLT about this time last year. It was a very good move. RGDS!

My gut feeling is to use the PPLT ETF for trading and keep the proof platinum Eagles as a long term holding.

Is Anybody Raiding the Family Silver Chest?

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