Silver Is On A Tear Today

Go back and ask what they will do on a pawn loan for gold site the case prices IF they loball you.

 

Log in or Sign up to hide this ad.

I've been tempted. At one point years ago they were paying 75% of melt for silver and trying to sell it at 150% of melt. If I could sell to them today for full melt, I'd be willing to look the other way on the 100% markup.

 

40 quarters 800.00 it was a joke pricing right! nobody who deals in silver at all knows they can get it allot cheaper or I know I can and I am not near as smart as any of you all period..

 

It’s all priced the same, $9999.00. The quarters are listed as Sterling. Are they serious or is this their idea of a joke?

 

I'm assuming the $9999.99 is basically an "ask for current price" flag. They had the same price on nearly everything in the case. I didn't ask, because their prices lately have been uniformly unreasonable.

They do seem to sell stuff at inflated prices, at least sometimes - stuff does disappear. They aren't stupid, but they also aren't specialists.

This is the same place that had worn Morgans for $23 each when the going rate was probably under $20, and let me have an 1895-o at that price. They also had a cleaned 1911-D half (not quarter!) eagle at a standard price, at a time when it was worth a good premium. That premium's probably gone now, but I'm still well in the black on that one.

 

Silver continues to PLUMMET today, sinking to lows not seen since (checks notes) um, Monday?

 

Another Fun Fact about Silver.

Silver is the most conductive metal on Earth , both for electricity and heat. This is due to its crystal structure and single valence electron, which allows it to transmit electricity easily.

For specialized applications nothing beats silver.

 

Depends on the application.

Silver is most conductive by volume, but it's only about 6% more conductive than copper, while costing well over 100 times as much.

Aluminum beats them both by weight. It's only about 60% as conductive by volume, but silver's four times as dense. So if you have to carry electricity while minimizing weight, aluminum wins.

 

Gold is a great conductor too, but none of them have a higher electrical conductivity than silver.
Silver has the highest electrical conductivity of any element, with a conductivity of

6.3×1076.3 cross 10 to the seventh power
6.3×107 S/m, followed closely by copper.

Silver is currently used in over 10,000 applications. Sure, as silver rises in price cheaper substitutes will be utilized where they can be.

 

Just crazy people selling because it’s so high. They’ll be sorry next year as it will continue to rise in price.

 

Silver has been replaced as the best electrical conductor by graphene. The biggest drawback to using graphene is its cost.

Silver definitely remains the best elemental metal electrical conductor, but graphene is far superior in actual conductivity, resistance, electron movement and electromigration.

 

Won’t matter in my lifetime. For now my money is on silver, copper and gold. And you might guess, Heavy Metals

 

You mean It's this price if I think you are a sucker.

 

I don't think this shop gets many folks with that little judgement and that much money. They may get some folks that, how to say this, occasionally come into large sums of money on an unpredictable basis, and spend it freely when they have it.

There's also at least one person who comes to check their coins more frequently than I do, and buys more frequently than I do, or so I'm told.

 

I find it hard to work with those type of dealers, I tend to just walk away. Put on the tag spot + fill in the blank. Make the customer do the math and make an offer.
Otherwise, it is just there for show until the computer says it can be discounted.

 

Back in Sept 2015 I bought a lot of coins from a coinshop that was closing.
I got good prices for a bunch of stuff except the owner threw in for a package deal a set of 2005 P marines MS69 and PF 69 Ultra Cameo for $117; spot price was $14.54 oz. So I'm guessing the owner bought them and then had them graded.

At least now I'm finally break even on them to spot.

 

Someone said earlier. Premiums are disappearing.

 

...aaaand it's back up near its all-time high.

 

doesn't matter.
I never thought I would be near "break even" based on 2 oz silver ever ...
Not like I'm planning on selling them anytime soon either.