Looks like a lot of silver is coming out of storage and going up for sale – with lots of recent eBay sales well below spot…from tonight: example 1 example 2 example 3 example 4 Are these bargains or foretelling a big silver fall?
Everybody wants to get rid of it while they think it's maxed out... Plus melt is so high, I think those prices are reasonable... Last year they were about half of that price.
I also didn't understand this thread, as mentioned earlier, every auction you listed sold for a premium over melt?
I have been able to buy some lots on eBay for under melt. Many sellers who listed with "But It Now" have been buried by the rise in silver's spot price. I don't know if it fortells a drop though. Has the volume of junk silver on eBay changed significantly in the last month or so?
I saw a few pairs of SLQ's listed this morning for $12-14 plus 2.99 shipping. I decided to cheap out and ask about combined shipping; by the time I got my answer, they were gone. $14.99 for two SLQ's is still below melt, at least if you aren't counting weight loss due to wear. Someone else was listing 2006 silver proof quarter sets for $33 + $2.99 shipping, and 2007 for $34; those went fast, too, with their melt value at the time around $41. Yesterday I bought three Mercs for $6 + $1.58 shipping; he sold several more lots of three or four for $2 per coin, but I was too slow on all the others. From the same guy, I also snagged three 1942-S nickels for $1.50 + $1.58, a batch of "1940 to 1946 Jefferson Nickels" that included four war nickels for $5 + $2, and a hopefully-XF 1914 Barber dime for $15 + $1.58. He promises to combine shipping and include a check for the extra, but I'm happy with those prices even if he doesn't refund a cent. The bargains are getting harder to grab, but they're still out there. I'm still hoping to land a big lot of silver for well under melt. Somebody a week or two ago listed $2400 worth of silver for $2000 BIN, but while I was dithering and fretting, he raised the BIN to $3000.
A few more from this afternoon's "blink and you missed 'em" file: lot of 20x 1940 Mercury head dimes for $59 shipped lot of 58 1941 Mercury head Dimes for $104 shipped ...and the same seller had a bunch of Peace and Morgans for $29.99 BIN with $4 shipping, below current melt.
...and I just missed Silver coins, including 4 Frankies and 6 40%'ers, for $80 shipped. I gotta stop refreshing and get back to work anyhow...
It's hard to use an auction as a bargain as interest may have dropped or tapered off during the auction. But that is one heck of a deal in the first link, as those at current price of $45.17 would have worked out to $817.00.
Try checking out antique shops for sterling below melt. I missed this one, but was told about it after it happened. One of the dealers sold a vase half full of scrap sterling she had labeled as 17.4 oz. for $145. Two weeks ago, when it sold, the melt was around $650. Apparently, some antique dealers aren’t keeping up with silver prices.
check out my win fron last night http://cgi.ebay.com/ws/eBayISAPI.dl...BmWoXTc%3D&viewitem=&sspagename=STRK:MEWNX:IT
pardon me for my apparent ignorance, but I understood that it was a silver proof, and thought I got it for well under spot. is that incorrect?
Alas. It's clad. The Mint didn't resume issuing silver proof sets until 1992. From 1968 until then, it was all clad.
I listed nine Mercury and Barber dimes and one very worn 1853 quarter on eBay for an auction that ended last night. Some of the dates were a bit better, but most had wear or other problems. The lowest any of them sold for was $3.27 and some were in the $5-$6 range. The quarter sold for $7.86. I only charge 75 cents for shipping with 25 cents for additional coins. The prices seemed to be all over the place and not necessarily related to the quality of the coins. I'm not even sure what the current spot value is but I think most were over that, and since I paid $1.40 each when I bought them last year, I'm happy regardless. But I've listed three groups of silver dimes in the last two weeks or so and it seems like interest really picked up on this last group, so it's not slowing down.
Current melt value for silver dimes is $3.37; for quarters, it's $8.43. A "very worn" 1853 quarter won't contain the full amount of silver, but that doesn't seem to be reflected in prices.
