Silver Is On A Tear Today

RTE, is that a snapshot of melt value of today's silver market price? I'll look for the link.

Edit: I found the link. Thanks!

 

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Tell me about it. The struggle is very real. That’s why I don’t really sell anything.

 

I think I'm already profitable on some ASEs I bought from Provident that are still in the mail !!
crazy .....

 

You very well may be at the rate silver is going up. It’s at $61.83 the last time I checked.

 

So I guess around 57.50 is what to expects for a ounce of silver from pawn or LCS ?

 

Might finish today over $62

 

From what I am gathering from reading here something like 80/90% weras on an oz of Gold I would get to -4% of market.

 

A little lower than that for them to buy it from you.

 

Looks like we’ll have to see what the overseas market does tonight. We missed it by ten cents.

 

That is about the amount Provident is paying for buy back. Trying to figure out the best place to off load a bit for the best Price.

 

I doubt that any pawn shop or local dealer will beat the buyback prices offered by the big online dealers. The big ones have the lowest margins.

 

They all melt the same...When brewing up sterling silver jewelry material.
A little 90%
A little.999
A little Sterling scrap.
As long as it tests .925 or better, Sterling is Sterling.

 

No, "constitutional silver" is 90% silver by weight. Dealers will try to bamboozle you with troy ounces, avoirdupois ounces and pounds, face value multiples, and whatever else you can think of. (The particularly slimy ones will offer to sell "troy pounds"; a troy pound is twelve troy ounces, a good bit less than an avoirdupois pound, never mind the sixteen troy ounces a naive buyer might think they're getting.)

Go to coinflation.com. It shows "melt value" for most denominations, and has calculators that show the exact computations.

 

Yep... but I just last night got curious about a so-slick-it's-dateless Barber dime from a lot I bought years ago. A newly-minted silver dime was 2.5g. This dime was 1.96g. Buy a roll of 50 of them, and you'd get only 98 grams of 90% silver, instead of the expected 125g. Buy a "125-gram" roll of those, and instead of 50, you'd get 63 or 64 dimes. But buy a tube stuffed full of them, and you'd probably get at least 70 or 80 - since they're so flat, they pack more tightly.

 

NATH
Where will silver go tomorrow

I'm going to be doing some Urban Prospecting tomorrow morning at an estate sale
Then maybe some placer gold mining in the afternoon
If I don't win the Powerball tonight, I'll hit up the casino for more lottery ticket money and a free lunch.

 

Do many people weigh Constitutional? I've always just seen it as multiples of face. I think that assumes a F-VF wear... you'll get some slicks and you'll get some AU's, but it averages out to about the same.

I think the multiples of face assumes a 7.15 ounces for $10.

 

I like to see a few sample pictures of what I'm buying.
I've bought by weight in bulk but usually in smaller quantities by % of face value.

 

The best price is yet to happen. Silver is over $62.00 in overseas markets.

 

Do you have a way to see Provident's buy back prices without calling them? Whenever I try to check their site, it just tells me "call for a quote".

 

Constitutional silver is 90% but a silver dollar isn't a full troy oz. That's where my calculation came from. 90% X (26.73/31.10) =77.3%