is 18x face a good deal on junk silver?

Discussion in 'Bullion Investing' started by RedRaider, Dec 27, 2011.

  1. RedRaider

    RedRaider Well-Known Member

    I am thinking about buying $75 in face for 18x face value. Good mix of merc's, roosevelts, standing liberty and washington quarters and halves that range from 1911 to 1964. it sounds good to me, but i want to know what people are realistically paying for junk these days. Thanks,
     
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  3. Cazkaboom

    Cazkaboom One for all, all for me.

    I see people paying less than that on craigslist, so I think both you and the seller are having a fair deal.
     
  4. luke420

    luke420 Member

    I called my local B&M Saturday to get a price on 90% junk silver and his price was $20.06.
    I think $18.00 is very fair.
     
  5. kookoox10

    kookoox10 ANA #3168546

    I would intend to agree with the others. I think the sellers motive for selling cheaper than other dealers is that he believes there is still some correction for silver in the near future.
     
  6. RedRaider

    RedRaider Well-Known Member

    He also works at a pawn shop....so he may be getting it cheaper, but like everyone says...I think its fair for both parties involved. He also has 50+ Morgans/Peace Dollars for sale, but he is wanting $30/coin, which I think is too much.
     
  7. RedRaider

    RedRaider Well-Known Member

    I should note....he works at a shop that most likely does not search for key dates, so maybe i will get lucky!!
     
  8. icerain

    icerain Mastir spellyr

    Pretty good deal. Some places were charging $20 per dollar value and if you can get a good mix it would be worth it. $30 for Morgans could be a good deal if the condition of the coin is clean. Most stores charge $30 to 40 for Morgan dollars.
     
  9. goldcollector

    goldcollector Member

    yes its a great deal. I will give you 19X plus shipping for it, and you make an instant profit. Lol, some coin shops are paying more than 18X so yes its a great deal. You can easily flip for a profit same day.
     
  10. yakpoo

    yakpoo Member

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