why do 40% fetch such a bad price

[thing]

Silver is silver, and copper is copper. So why is it a person gets close to melt for 90%, but maybe 10% less then melt for 40% coins? They are going to be melted down just the same.

 

[JD-GA]

Last time i checked prices on 40% was close to melt. Maybe you arent talking to the right folks.

 

[65gt350]

Right now 40% are being bought at 5-6% in back of spot by Tulving. I would keep looking for a better buyer.

HH,
65GT350

 

[coolpix9]

Hey Thing, the days of melting silver may be coming to an end in this country. There are too many buyers out there that are looking for junk silver. When the Chinese get involved in coins instead of mining silver, you will be able to watch the coins disappear. Right now we are just trading the silver around the country. Buyers like Apmex and DGSE and Tulving are warehousing the coins. They are not buying to smelt. For every one of us willing to pound the pavement for coins from banks etc., there are 100 people who will save the energy and buy on ebay or Craigslist.
I have had dealers tell me that 60% of the coin's weight being shipped around the country is just making more money for the post office. Jim

 

[legend76]

I have had dealers tell me that 60% of the coin's weight being shipped around the country is just making more money for the post office. Jim

Well, we all know the post office could use the extra money......

HH,
Legend

 

[Hi Ho Silver!]

It seems to be the same difference to me. Silver is Silver by weight.