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

A gram of 10K gold is worth the same as 1 oz of silver (currently.)

 

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My LCS and others from what friends are telling me is taking spot silver and knocking off 10% ($6) before you get to the silver calculations.

If that's the market, that's the market. At least here in the NY-NJ suburbs.

 

I got quoted $38.....the $6 "discount" to the silver price before the multipliers hurts pricing.

 

That's the time to find private buyers who will scarf it all up at melt, because dealers are charging premiums. The trick is to find those buyers. It's a win for both the buyer and seller.

 

What's with the $6 "discount" being subtracted from the silver price ? It's not something by my LCS....I think it's the refiners not wanting to get hit with buying at a peak or spike and taking off 10%/$6.00.

It probably won't go away unless the price flatlines here for a while (we were up big today, FWIW) or we keep going up and the market (refiners) are convinced we have a ways to go on the upside.