How much times face are dealers paying for silver these days?

DennisH · January 4, 2009 4:04AM

I'm leaving for the FUN show on Wednesday. A buddy is going to join me there who has about $100 face of circ. 90% coins that a neighbor of his wants to sell. He said I can have it for whatever the best "times face" buy price is that we get quoted from dealers at the show.

What numbers should we expect to hear?

TwoSides2aCoin · January 4, 2009 4:10AM

I have a buyer in the midwest that pays about 10x face... not quite, but very close.

JrGMan2004 · January 4, 2009 4:16AM

Last time I looked a week or two ago, wholesale bids were around 8.25-8.5x face...

coindeuce · January 4, 2009 4:17AM

Dennis, your best quotes should come from dealers that handle large volumes of "junk" 90%, such as Silvertowne or Golden Eagle. Keep in mind also that circ. "junk" usually commands lesser premiums than BU "junk". Conversely, the greatest premium should be expected for a deal of circ. Walkers.

OPA · January 4, 2009 4:24AM

FYI eBay $100 face is bringing in between $1050 & $1100 at this time, therefore, if you can get close to 10 x from a dealer...take it.

DennisH · January 4, 2009 4:26AM

Dan: Thanks for those comments. While I have not seen the coins I fully expect the majority of them will be Roosevelts, Washingtons and Franklins.

coindeuce · January 4, 2009 4:27AM

<< <i>FYI eBay $100 face is bringing in between $1050 & $1100 at this time, therefore, if you can get close to 10 x from a dealer...take it. >>

DImes, Quarters, Halves, or mixed???? It usually matters. And also, it would not take much of a swing in spot to change the multiplier, so keep that in mind.

OPA · January 4, 2009 5:46AM

<< <i>

<< <i>FYI eBay $100 face is bringing in between $1050 & $1100 at this time, therefore, if you can get close to 10 x from a dealer...take it. >>

DImes, Quarters, Halves, or mixed???? It usually matters. And also, it would not take much of a swing in spot to change the multiplier, so keep that in mind. >>

Mixed

CaptHenway · January 4, 2009 11:08PM

A lot less this morning than yesterday.........

commoncents123 · January 5, 2009 4:44PM

without MSN cashback...nothing

TwoSides2aCoin · January 5, 2009 5:49PM

It was less than a year ago a silver Washington common date quarter would not be worth enough to buy a gallon of gas. Today, even though the price of gas jumped for the first time in four months, a silver quarter will afford a gallon of gas plus a guy could get a clad quarter in change.

How much times face are dealers paying for silver these days?

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