Silver Was As Low As $18.55 Today?

Discussion in 'Bullion Investing' started by fretboard, Jul 22, 2022.

  1. fretboard

    fretboard Defender of Old Coinage!

    Yeah, I love seeing silver so low it's nice for a change but you still can't get a decent deal on American Silver Eagles, at least I can't how about you? I went to my LCS the other day and he said the cheapest one he had in stock was $55, I didn't ask if it was a Proof or not cause that's just too high for me! Yes, he had Morgan's and other silver coins and rounds but that wasn't my interest. :cigar: Where's all the deals on American Silver Eagles, anyone know?
     
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  3. QuintupleSovereign

    QuintupleSovereign Well-Known Member

    That's insane; no bullion coin should require that level of premium.
     
  4. potty dollar 1878

    potty dollar 1878 Well-Known Member

    You can find them within the $30 range on the bay.
     
  5. AdamL

    AdamL Well-Known Member

    Cheapest I've seen on ebay is about $33. That's still a premium of well over 50%

    Edit: That is for a single coin. I don't know about deals on larger quantities.

    I have occasionally bought foreign silver bullion coins 5-10 at a time. I can't bring myself to pay the premiums on Silver Eagles, so I've given up on them completely.
     
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  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    On bullion no you can’t but you can get better deals buying coins.
     
  7. baseball21

    baseball21 Well-Known Member

    It very likely wasnt a bullion coin and the OP even said they didnt ask what it was.
     
  8. Clawcoins

    Clawcoins Damaging Coins Daily

    $33.73/35.14 in BU from providentmetals.com
    but that is quite a premium as mentioned
     
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  9. fretboard

    fretboard Defender of Old Coinage!

    True, my LCS had other coins with much better deals than ASE's I just found it a bit shocking as I seldom buy silver. I have only 13 ASE's so I was thinking of putting together a tube but I'm not gonna pay $31 online it's just too much money! I'll wait for a better deal, I'm not in any rush at all.
     
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  10. Collecting Nut

    Collecting Nut Borderline Hoarder

    It’s cheaper to put a tube of Morgan or Peace Dollars together. Lol
     
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  11. Gilbert

    Gilbert Part time collector Supporter

    Silver is quoted via the paper price, aka Wall Street. It has little relation to the real world. Anyway, I hope it drops to $10 so I can buy again.
     
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  12. fretboard

    fretboard Defender of Old Coinage!

    I know but I only have around 5, too far to go for a tube. I'll stick to gold but I'm not buying anymore gold for awhile either at least not until the next Fed meeting. The dollar is being pumped up like crazy, time for me to wait this madness out! ;)
     
  13. Collecting Nut

    Collecting Nut Borderline Hoarder

    Yes but remember the old saying, “insanity rules”. Lol
     
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  14. manny9655

    manny9655 Well-Known Member

    People are buying and if you go to any shows lately, you'll see. A couple of weeks ago I went to a show and saw a 2022 Austrian Vienna Philharmonic (silver) that I wanted and it was the last one the dealer had, so I pounced on it. I think I paid something like $30 or so. I can't see buying ASEs which sell for a lot more. An ounce of silver is an ounce is an ounce, as far as I'm concerned. Next I'm going to get the 2022 Serbian Tesla.
     
  15. slackaction1

    slackaction1 Supporter! Supporter

    I purchased 3 Uncirculated ASE Saturday at an estate auction they were 35.00 a piece When the Auctioneer sold them, buy one take as many as you like he didn't call them by their given name, ASE or American Silver Eagles just said here is an ounce of silver we going to sell not even the date. I showed up early and went through the coins before auction and had some kind of ideas. It was so freaking hot not allot people there for the coins but two tables of guns nice weapons.
     
    Last edited: Jul 24, 2022
  16. Collecting Nut

    Collecting Nut Borderline Hoarder

    I’ve never heard the term “uncircumcised” for an ASE. Can you please explain what an uncircumcised ASE is. Thank you.
     
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  17. Jeffjay

    Jeffjay Well-Known Member

    I would buy all the silver I could get my hands on at the current spot price.
    Alas, the premiums are far too dear.
     
  18. -jeffB

    -jeffB Greshams LEO Supporter

    That one's already got a permanent spot on the Top 10 list of hit typos.
     
  19. Collecting Nut

    Collecting Nut Borderline Hoarder

    I would hope so as I sure did get a good laugh out of it.
     
  20. Clawcoins

    Clawcoins Damaging Coins Daily

    poor Eagles
    the things they have to do to be put on a coin :woot:
     
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  21. slackaction1

    slackaction1 Supporter! Supporter

    yeah thanks, fixed
     
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