Bought some today

[jim4silver]

Went to the coin store today and got some fractional Engelhard prospectors. All are dated 1985. Some are 1/10 ounce, 1/4 ounce and 1/2 ounce. Paid $2 over melt per ounce of silver. Not really impressed with them, but they appear to be popular on ebay and such. Some are toned a bit but they should dip out well if I go that route.

Jim

 

Amazon Forum Fav 👍

A History of Mining on the Kenai Peninsula, Alaska - Grab it through Amazon!

[Marchas45]

Well I bought 4 rolls of quarters and 2.5 rolls of mercs and tomorrow I'm buying $40 face Franklin and Liberty halfs. I just can't resist. Lol

 

[TheCoinKid]

Just bought a roll (25) of 2015 BU Silver Maple Leafs for $445, or $17.80 per coin. A very good price in my estimation. Silver prices are sure to tank now.

TCK

 

[jim4silver]

Picked up a roll of BU '64 Kennedys today for $138. Dealer had some BU Franklins (1963) that were awesome looking, but he wanted way too much for them for my cheap a$$. I also got a 1992 Kookaburra in original holder for $2 over spot.


Jim

 

[billjustbill]

Just bought a roll (25) of 2015 BU Silver Maple Leafs for $445, or $17.80 per coin. A very good price in my estimation. Silver prices are sure to tank now.

TCK

Maybe, just maybe, silver won't go down due to Iran "escorting" a Non-American ship back to their coastline....

 

[jimmatt_43]

Ordered a 100oz.bar last week.$1669 delivered.Didn't think that was a bad price.

 

[jim4silver]

Went to a local dealer and picked up a handful of silver maples with mixed dates: early 90's and early 2000's. All in original plastic mint sheets. Had to pay full retail (spot + 2.25), but I like the older maples and some have lower mintages. No milk spots though which is good.


Jim

 

[billjustbill]

Went to a local dealer and picked up a handful of silver maples with mixed dates: early 90's and early 2000's. All in original plastic mint sheets. Had to pay full retail (spot + 2.25), but I like the older maples and some have lower mintages. No milk spots though which is good.


Jim

Jim,

What's a "Milk Spot"? How are they formed"

Thanks,
Bill

 

[Marchas45]

They are white discoloration formed from the wash I believe when the coins were minted. Maples are famous for them. They don't bother me as I just collect the silver. Lol

 

[jim4silver]

Jim,

What's a "Milk Spot"? How are they formed"

Thanks,
Bill

Bill,

Charlie is correct from what I know about milk spots. It is some chemical that is used to clean the silver blanks before they are struck, and somehow they don't get the chemical off the coin and it is somehow "baked in". Nothing I know of removes "milk spots', that is, without ruining the coin's surface permanently. Some online fixes list using a pencil eraser, silver cleaning cloth, etc, but they ruin the coin surface as they "remove" the milk spot. The spots appear to be below the surface of the coin in a sense because you can't feel it or wipe it away. I have seen some BU 64 Kennedys and BU Franklins that have what appear to be very slight milk spots on occasion too, but not as bad as you seen on modern bullion.

I have seen milk spots on silver maples the most, but also Austrian Philharmonics, ASE's, etc. It doesn't affect the silver value, but if you go to resell it you will receive less if your coin is milk spotted. It sometimes takes a few years for the milk spots to appear so even if you buy a new roll of Maples and there is no spotting, it could show up a few years later from what I have seen.

Here is a photo of what it looks like.

Official RCM Canadian -MILK SPOTS- Thread

The Coin Analyst: Collectors Crying Over Milk-Spotted American Silver Eagles


Jim

 

[jim4silver]

Made a new coin dealer connection today. Wanted to sell some slightly older silver pandas (and some other stuff) and one of my main guys who normally pays the most told me he could not give me what they were worth and to call a smaller dealer who is setting up his own shop and who partly specializes in pandas and other foreign stuff. Good news is the guy paid really well on them plus I was able to sell a few other things and get a good deal more than the bigger local dealers pay.

Also, I was telling the guy I was thinking about selling a few higher priced oddball things on ebay but I was hesitant to deal with the general public like that, and he offered to let me put some stuff in his display case at an upcoming big local coin show and he would get a small percentage of the sale price.

This was just one transaction, but this guy may become my best place locally for selling when I need to do that. Although I have some really good dealers for when I want to buy cool stuff cheap, I didn't have a very good place to sell my oddball stuff locally.

Jim

 

[Marchas45]

Cool Jim, that's why I told you about Chris on bullionstacker, he pays good prices. I also sold 100oz's today to a member on TF's to pay for some maintenance work I'm doing to my house. Keep Stacking

 

[jim4silver]

Cool Jim, that's why I told you about Chris on bullionstacker, he pays good prices. I also sold 100oz's today to a member on TF's to pay for some maintenance work I'm doing to my house. Keep Stacking

I agree Charlie, but for me it is hard to beat face to face transactions. I leave the store with my cash in hand and don't have to worry about my metals getting to wherever I would have to send them, or the buyer getting them and saying they aren't as described, etc.


Jim

 

[jim4silver]

Recently picked up a 1980 Russian Olympic silver proof coin set. The coins are 90% silver. I got the set for $1 over melt per ounce of pure silver (I paid $357). Set has roughly 20.5 ounces of pure silver. These things are not really in demand but I think they are cool and couldn't resist since it had the original box and COA's etc.

It looks like this:

1980 Russia 28-Coin Olympics Silver Proof Set | Silver & Other Coins (Russia) | APMEX


Jim

 

[Goose-0]

Ya done well Jim IV AG. For $1 over melt, that's a great purchase.

 

[jim4silver]

Where is Charlie (Marchas)? I think we need a new "silver recliner report" to improve morale.

Jim

 

[Marchas45]

LMAO you read my mind Jim, I was thinking the same thing. Lol

So Here You Go, Just For You. Lol

 

[jim4silver]

LMAO you read my mind Jim, I was thinking the same thing. Lol

So Here You Go, Just For You. Lol

Thanks Charlie. Looks like the PM market likes your video, +41 cents up in silver this morning. LOL!

Jim

 

[Marchas45]

Yea but it went back down again. Just a trial run though. LMAO

 

[jim4silver]

Picked up some more silver today. Got some US silver dollar commemoratives. Paid only $1 over melt. Here is my story. I used a tactic on the coin dealer I will share. It is nothing crooked or under-handed. I have used it before with success buying/selling. A few weeks ago I needed to sell some silver and tried to sell some common US commemoratives (like the 1986 Statute of Liberty, the constitution, etc). Every place says they pay spot because nobody wants them. One smaller shop evens say they send them to a refiner to MELT. Fine, I decide to keep them and sell something else. Today I call the shop that says they MELT them because I am in the mood to buy some on the cheap. I know this guy well and he is decent so I am not just some guy going in off the street. I say to him "hey I would like to buy some of those common commemoratives you said you send off to melt, how much you want for them?". The guy knows that I know if they are sent for melt he will get crap because they are only 90%. So coin dealer says $1 over melt. This is awesome because most stores sell these common commemoratives for at least $3 over, even though nobody really wants them. I don't know why that is.

Anyway, I go to the dealer and he only has a dozen or so, but some of them were actually better year coins in the boxes with the COA, etc, (got a Lewis and Clark and San Francisco Mint- both were Uncs, not proofs). The rest were Statute of Liberty coins or Constitution coins. All but one was in the original box with papers. Paid $1 over melt for each.

I have used the same tactic when selling. For example, not too long ago I saw a nice 1990s era Kook and asked how much. The dealer wanted $40+ for it, and said some national dealers are paying $20+ over melt for some of the Kook years. I knew from past dealings these guys would never pay more than a buck or two over melt to buy them from customers (including me). So I said to the guy, "I have a full set of Kooks, how much are YOU paying for them considering the dealers' high buy prices", and he then pulls out the dealer sheet and tells me how much per coin he would be willing to give me (a few bucks off the dealer prices per coin. Some were not too too far off ebay sell prices). I went and got my set and sold the whole thing that day even though I wasn't in the market to sell them.


Jim