Current Premiums. Silver Specifically

Discussion in 'Bullion Investing' started by bsowa1029, Feb 3, 2023.

  1. slackaction1

    slackaction1 Supporter! Supporter

    I was afraid to scroll over thought I might click bid here accidentally.
     
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  3. rte

    rte Well-Known Member

    LOL :p who doesn't want vintage silver?
    If you hit verify account it makes the image larger.
    Honest :D let me log out though, I don't need it at that price either :p
     
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  4. Jeffjay

    Jeffjay Well-Known Member

    To me it's mind boggling the premiums that people will pay for vintage bars.
     
  5. rte

    rte Well-Known Member

    I don't think of it as a premium but more of a Pain threshold of what someone wants to pay for the cool factor.
     
  6. bsowa1029

    bsowa1029 Franklin Half Addict

    I agree and also feel the same way about toned Morgans.
    Everyone has their thing and is willing to pay up for it. It also confuses other people.
     
  7. bsowa1029

    bsowa1029 Franklin Half Addict

    I think now is a great time to be buying. Anything below $25/out I like. Obviously the lower the better.
    18x face is the lowest I’ve seen at a local shop.
    I’m lucky that I have four shops within a 20 mile radius.
     
  8. slackaction1

    slackaction1 Supporter! Supporter

    Silver its below 21.00. Is this a dip or is it falling lower
     
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  9. rte

    rte Well-Known Member

    I don't know, but I'm supposed to buy 20 rounds @$20ea tomorrow.
    The deal was made last month when silver was @$24.
    Silver slipping isn't my fault, this deal hasn't been completed.
    I should ask the seller for $3 off spot tomorrow :p
     
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  10. bsowa1029

    bsowa1029 Franklin Half Addict

    Metals plummeting today!
    I’m going to stop into my LCS tomorrow after work if I have time.
    Will update when I can.

    PS - I saw a video of a dealer today that believes premiums will be dropping significantly by the end of this calendar year… would be nice if he’s correct.
     
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  11. Jeffjay

    Jeffjay Well-Known Member

  12. Lon Chaney

    Lon Chaney Well-Known Member

    Silver eagles have never been worth a dollar, despite the face value.
    Anyway, which grocery store or gas station or post office do you visit that takes silver eagles as payment?
     
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  13. -jeffB

    -jeffB Greshams LEO Supporter

    For fairness, the comparison should also point out that you need to work an hour for one of the left-hand dollars, but just a couple of minutes for one of the right-hand dollars.

    And while the right-hand dollar will continue to lose value over the long term, it's unlikely to drop 10% between two paydays, the way the left-hand dollar just did. ;)
     
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  14. Jeffjay

    Jeffjay Well-Known Member

    None. But when I sell a silver eagle today it buys as much as the money did when I paid for them 15 years ago. My silver holdings have paid far better interest than any Bank savings account or CD.
     
  15. slackaction1

    slackaction1 Supporter! Supporter

    Good explanation Jeff, is left hand dollars like left-handed cigarettes?
     
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  16. Jeffjay

    Jeffjay Well-Known Member

    Not sure what a left-handed dollar or cigarette is.
     
  17. potty dollar 1878

    potty dollar 1878 Well-Known Member

    They technically are legal tender,some have gotten silver eagles at banks and store's for face.A one in million chance,the previous owner must've not known better in those situations sadly.
     
  18. Heavymetal

    Heavymetal Well-Known Member

    Or inherited, stolen or senility
     
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  19. atcarroll

    atcarroll Well-Known Member

    A left handed cigarette is one made with cannabis sativa or cannabis indica, as opposed to tobacco
     
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  20. Jeffjay

    Jeffjay Well-Known Member

    That's kind of what I figured which means a left-handed cigarette is worth far more than a right-handed one, and better for you.
     
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  21. potty dollar 1878

    potty dollar 1878 Well-Known Member

    Also true.
     
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