Silver coin availability

Stopped at a brick and mortar coin shop while out doing errands this weekend to see about picking up some junk silver pre-64 halves for the ol’ stack. Guy behind the counter tells me junk and silver bullion has been flying off the shelves and he can’t keep it in stock. I usually buy online and this is the first time I’ve been to an LCS in a long time. Has anyone else encountered this junk silver scarcity?

 

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I don't dabble in it myself, but I think that preppers are gobbling up all of the junk silver that they can get their hands on. With the looming potential for nuclear conflict, they are readying for a post-apocalyptical world where they believe that pre-1965 American coinage will be the new medium of exchange.

In actuality, the medium of exchange in that type of environment will be bullets and brutality.... But, each to their own.

 

In that environment the people that have the means and ability to grow food will be the only survivors.

 

Are are seeing issues that haven't arisen in 50 years, naturally the market will react and silver becomes very desirable, even in traditionally non-stacker circles.

 

I'm not sure it's a junk silver SCARCITY issue so much as a refusal to pay the premiums on ASEs and other traditional silver investments.

If you just want to play a potential rise in silver, then all you care about is minimizing the premium you pay (assuming you still have liquidity when trying to sell).

 

Bartering pour

 

Unfortunately, both of you are right IMO.

 

Yes, 90% is harder and harder to find at brick & mortar stores and the premiums are high.
Bars and rounds are more available but they are well over spot also, though not as high as silver eagles and 90%.

There are people who think there are problems with the dollar coming, not total chaos, but precious metals may be a valuable asset for weathering troubled times.
Myself, I'm not smart enough to predict....
.

 

Your LCS is having a difficult time buying junk silver to resell. So are some online dealers. The premiums are high overall but worse in a brick and mortar store. People are buying any and every thing they can to prepare for the worse. Every time I go to my LCS it’s just like this. My LCS even raised his prices a few weeks ago and he says he still sells it like it’s going out of style.

 

The price isn't rising, though.

I think gold would be a better bet.

The dollar is solid, especially compared to the Euro, Yuan, Yen, Pound, etc.

 

Maybe retail -- The Dumb Money -- is buying but the institutional side (The Smart Money) is then selling.

Because silver is less than half the price 11 years ago.

 

Paper price, maybe not. But street price has been.

The argument is that the latter represents the true value.

 

A friend travels worldwide for business and told me that in many high inflation countries US 90% is often used for day-to-day transactions. I asked why they don’t use something else and he replied, “easily recognizable.”

 

Did you guys get the email from Apmex to buy back Silver Eagles at $10 OVER SPOT? It's good for another 5 days or so. I went online to see that they are selling them at roughly $40 each and some dates like 1993's going as high as the $80s and $90s. Crazy. Think I'll hold onto what I have and wait for a better offer to come along

 

Yes, at shows. It's been slim pickings.

 

Premiums -- and discounts -- not reflected in TRUE market prices tend to dissipate over time.

 

Of course, hard money people will say prices are suppressed and highly manipulated....

 

blaming us preppers!!
well, YEAH !!

the one's far down the rabbit hole are always buying gold, silver and lead because when the world explodes from the core outwards, and everything melts and is sent out to space, they'll still have their hoard stored away in the bunker floating towards Mars and Jupiter !!
LOL

 

Without any understanding or how markets work. I've seen and heard it all.

 

I use to stack silver back in the day, still have a few 10 OZ bars and coins I keep
around, have turned my focus to GOLD just way more upside especially if
you plan on leaving something for the grandkids, still doin well in my Krugerrands bought two more this week