Are coin shops in your area still buying 90% silver coins.

I'm being told that they already have more than they want and not paying as much as they were. What are you seeing? I think I'm late to the party.

 

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Larry, I sent a note just the other day to my coin shop buddy. He is setting up a table at the coin show I am attending this Saturday. I asked him straight up if he wanted the silver that I was bringing and he enthusiastically said yes, he would take all I would bring him. He has long known that I hoard old US silver. I plan to dump 15-20 ounces worth this weekend along with an ounce of gold.

 

My friend was unable to sell any of his 90% locally last weekend.

 

Don't go to mine for some reason.

 

Not without a significant discount, which they are up front about to limit their risk with price swings (like today). It is very challenging managing risk as a dealer in gold / silver holdings at the moment.

 

This past week I took a little gold in various forms (jewelry, dental and coin) around to a couple of LCS. I saw a lot of 90% silver in cases in the shops. I sold the dental gold for a good price and turns out the jewelry wasn't high enough quality. Offers on the coin were alright on one shop and way out of bounds on another. No coin sales occurred.

 

@psuman08

For sure. That's why I try to buy numi grade stuff while I'm in a store to help them with their overall profit margins, since the numi grade stuff is typically priced much higher than precious metal content and the wholesale/retail spread can also be much wider.

I did that last week when I sold a bunch 92.5%-80% common world coins and bought this with most of those proceeds before leaving the store.

 

Here in Vegas and at my LCS still looking good, though premiums are up on GOLD
5% on generic and 5 1/2% on buffalos, they still can't keep it in stock

 

I hope so...otherwise, I'm going to be eating alot of street hot dogs at FUN 2026 !!

Hope to sell some silver there in coming weeks/months.

 

My LCS is buying but I’m not selling.

 

I unloaded the Silver I first bought in 2012 to 2016. and a 1909 gold 1/10 ounce and other AGE and the one INDIAN brought 700.00 the rest of the 1/10 ounce brought 390.00 to 475.00, Silver Eagles brought 40 to 50 apiece. This was about two maybe 3 weeks ago now. total invoice sale price 13,042.50 commission was 2,233.00 I cleared 10,759.50 cost me 17.50% for his services. I estimated about 9,000 before Auction conservative guess. This got me...... a small vile of gold flakes 270.00 dollars. Some walkers, liberties, Franklin, barbers, some mint stuff also which I don't buy from anymore.

 

I assume this was an auction? If so, two bidders that both fell for "oh lots of shiny". Even at today's prices, I'll bet that was only a couple bucks worth of actual gold.

 

Yes Jeff late father-in law real estate Auction. I put some EARLY junk IN ON CONSIGMENT to get rid of and test the market.

 

I have one of those. My boy did some panning at one of those roadside tourist trap deals many years back. You look in the vial and it looks like a lot of gold when in reality the curve of the vial magnifies the little dab inside. Still was fun though.

 

Sounds like someone had a fire sale..LOL

 

Just returned from a coin show. Sold 13 ounces of silver to the first table I walked up to at 1.50-ish below spot. I was plenty happy.

 

I’m sure you were. I would be happy at that price as well. Did you spend it at the show on a coin you wanted?

 

I sold $4900.00 of clutter and spent $1700.00 on one nice piece, so I came home with more than I left with in my wallet.