I maybe wrong, but I feel that when someone purchasees junk silver the value of the 10% copper is seemingly negligible.why do you feel it is that way? after all if you have ten ounces of junk silver, you have one ounce of copper?
That may be, but I would guess that most reclamation centers don't want to bother with copper because the price is so low. I believe it is around $2.13 per pound at the present. Chris
Well because an ounce of copper is 13 cents at today's values - and 10 ounces of silver is 143$ - which would you rather have?
If you want to "invest" in silver as bullion ignore 90% silver coins. Big buyers will pay less per ounce because they take into account the cost of processing 90% silver into .9999 silver. You collect 90% silver; you invest in .9999 silver.
I would disagree. It all depends on the premiums. 90% used to sell at discounts to the silver market, and .9999 sell at spot. It all used to be based upon what smelters would pay. Now, today paying a premium for 90% is silly unless you are counting on "collectability" of the coins, which could be a fair point but acknowledged. However, things like ASE's sell for hefty premiums, and in the end will be worth melt unless collectability is factored in. So, overall, I would say it depends on what your goals are, premiums paid, and collectability of the items in question.
As someone already mentioned, the price of copper is only 13c an oz. It's so little that I personally would disregard it.
True, 13 cents is defintally next to nothing when compared to 143 dollars . I never thought about the cost that it would take to convert 90% silver to 99.9% silver
The point is moot unless you intend to melt the coins and recover the copper. That's not what people who stack silver are planning. It's bought as "junk silver" and is intended to be resold as that, because of the strength of the market.
