Are you getting Spot for 40%?

[Piledriver]

Now, I'm not advertising here, and I don't want anyone to turn this thread into a classified ad.

But.....

What price are you getting for your 40%? (In relation to spot?)

35% Nickels?

I'm doing some selling on the street and I'm curious as to how I'm doing.

Keep on Rollin' !

 

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[jim4silver]

I don't know why anyone would pay spot for 40% coins. With current market conditions, most people can buy 90% for UNDER spot by a little bit right now from coin stores (at least in my area) and some of the online dealers (for large sized orders).

Jim

 

[fistfulladirt]

The best that i have received is 88% of spot for 40%, recently.

 

[Bentfork]

I'm getting about 95% of spot for 40%.

I don't know where jim4silver lives, but around here you can forget about 90% silver for under spot. Most dealers around here are running 10%-15% over spot.

HH

Bentfork

 

[FreedomUIC]

I'm getting about 95% of spot for 40%.

I don't know where jim4silver lives, but around here you can forget about 90% silver for under spot. Most dealers around here are running 10%-15% over spot.

HH

Bentfork

That is what I am seeing here as well. Dimes that used to be $3.00 are now $3.25 and so on.

Guess they know something we do not at this point in the game. I did venture in to a coin shop a couple of weeks ago to get some Proof Sets,
He charged a dollar more than usual, said he had that feeling. Guess he was right, 39 to 42, he should be a palm reader.

 

[sshafer11]

For some reason most of the coin shops in Northeast Indiana seem to offer like 66-75% of spot on 40%. It seems that way at all of them, the reason I'm guessing is that people who come to buy junk silver are more interested in the 90% stuff. Supply and demand.

 

[65gt350]

About 94% of spot for 40% but it needs to be a large amount.

HH,
65GT350

 

[alaskanfever]

never tried selling but i wouldn't except anything below spot it is way to precious.

 

[SilverFace]

never tried selling but i wouldn't except anything below spot it is way to precious.

good advice. And as Jim Rogers (one of the most successfull commodity investors in history) said recently on CNBC "silver is going much, much higher over the next decade"

better to sell your paper dollars while people will still buy them - not your silver - silver is real money - US dollars aren't - THANK YOU FEDERAL RESERVE!

HH

 

[jim4silver]

I'm getting about 95% of spot for 40%.

I don't know where jim4silver lives, but around here you can forget about 90% silver for under spot. Most dealers around here are running 10%-15% over spot.

HH

Bentfork

That is what I am seeing here as well. Dimes that used to be $3.00 are now $3.25 and so on.

Guess they know something we do not at this point in the game. I did venture in to a coin shop a couple of weeks ago to get some Proof Sets,
He charged a dollar more than usual, said he had that feeling. Guess he was right, 39 to 42, he should be a palm reader.

I live in the midwest. So you say the prices in your area are at a minimum 10% over spot for 90%. Let's look at that, with silver currently $39+, you are paying $3.90 or so premium per ounce of silver?? If that is the case, you should be ordering .999 silver rounds which are cheaper than that. Some people on here have reported getting ASEs for less than that premium (ASEs are about 4 bucks over spot here but I would never buy those).

I am not advocating for this company in any way and I have never ordered from them (nor any online dealer for that matter), but here is an example of getting junk silver for less than spot.

http://www.goldmart.com/bullion-1/silver-bullion/90-silver-us-coins-1964-before.html

If the price of silver continues to fall, the premiums here will go up that is for sure because more people will roll in looking for bargains. The coin stores here do a high volume and when the price of silver starts going up people start unloading their silver so they have a big supply of inventory they want to move. When we get a crash the selling slows down and they have to sometimes order stock from wholesalers, that is when the premiums start climbing quite a bit from what I have seen.

Jim

 

[Local_coins]

Some of the older silver coins are considerably worn and, consequently, contain less silver. I would guess that this is why you can buy bulk US silver for less than spot. It is a little deceiving because I think they are actually discounting the weight of the coin more so than the spot price in these cases.

Set a stack of Walkers next to a stack of 64 Kens and it will be very clear. Some rolls of Walkers will be a whole coin width or more shorter than the Kens.

If you are buying by face value, this is the case. If the price is by weight, it is a different story.