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2011 GOLD high $1,500.00, SILVER high $24.00
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<p>[QUOTE="krispy, post: 1041168, member: 19065"]The point is that this is <i>not</i> a thread about junk silver. Junk silver <i>does</i> price at different amounts based on: what kind of coins they are, sorted or mixed, 90% or 40% silver, old coins or junk modern commems, off-quality govt. issued compared to brand new issued bullion, where you are buying the junk: in a coin shop, at a coin show or from a bullion dealer, on eBay or other individual-to-individual sales and perhaps even geographically, what someone is selling junk for and willing to buy junk for and in what quantities: $1k bags, a few face dollars worth...</p><p><br /></p><p>This thread will only continue to be polluted with continued discussion about junk silver and trying to distinguish it from the topics of price speculating and what's driving it, and it has nothing to do with: junk silver. There are plenty of threads in the coin forums for junk topics. The OP isn't about what the price of junk silver will be at a given point in the future but what gold and silver (and perhaps platinum/palladium) are possibly going to do in the future. </p><p><br /></p><p>The figures quoted from kitco are based on market spot prices, the quotes of 'pure standard exchange approved bar form precious metals'. Everything else, Eagles, Maples, junk, what have you, is priced differently. When you talk about junk it's varies too widely and is not the concern of this forum topic. </p><p><br /></p><p>If you need an example of how bullion dealers split up junk and other categories, look at those for <a href="http://www.providentmetals.com/bullion/silver/us-slv/90-slv.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.providentmetals.com/bullion/silver/us-slv/90-slv.html" rel="nofollow">90%</a> and <a href="http://www.providentmetals.com/bullion/silver/us-slv/40-silver-kennedy-half.html" target="_blank" class="externalLink ProxyLink" data-proxy-href="http://www.providentmetals.com/bullion/silver/us-slv/40-silver-kennedy-half.html" rel="nofollow">40%</a> on Provident Metals' web site to see a range of prices based on coin types within composition types. They are not one and the same as generic bullion, nor even that of government issued bullion on just this one dealer's site. The pricing reflects their spread, profit, retail costs, marketing expenses, etc. Discussing junk has nothing to do with this thread. </p><p><br /></p><p>There are other threads and other areas of the forum where junk is or might better be, discussed than in this thread. I'm struggling to keep the discussion on topic by suggesting we refrain from continual talk of the concept, perception, pricing and validity of junk metals in this particular 'bullion investing' thread, and perhaps even from this entire section of CT since there are so many variants of junk silver collector-investors and their experiences and personal preferences for how to buy/sell it. </p><p><br /></p><p>Thanks. :thumb:[/QUOTE]</p><p><br /></p>
[QUOTE="krispy, post: 1041168, member: 19065"]The point is that this is [I]not[/I] a thread about junk silver. Junk silver [I]does[/I] price at different amounts based on: what kind of coins they are, sorted or mixed, 90% or 40% silver, old coins or junk modern commems, off-quality govt. issued compared to brand new issued bullion, where you are buying the junk: in a coin shop, at a coin show or from a bullion dealer, on eBay or other individual-to-individual sales and perhaps even geographically, what someone is selling junk for and willing to buy junk for and in what quantities: $1k bags, a few face dollars worth... This thread will only continue to be polluted with continued discussion about junk silver and trying to distinguish it from the topics of price speculating and what's driving it, and it has nothing to do with: junk silver. There are plenty of threads in the coin forums for junk topics. The OP isn't about what the price of junk silver will be at a given point in the future but what gold and silver (and perhaps platinum/palladium) are possibly going to do in the future. The figures quoted from kitco are based on market spot prices, the quotes of 'pure standard exchange approved bar form precious metals'. Everything else, Eagles, Maples, junk, what have you, is priced differently. When you talk about junk it's varies too widely and is not the concern of this forum topic. If you need an example of how bullion dealers split up junk and other categories, look at those for [URL="http://www.providentmetals.com/bullion/silver/us-slv/90-slv.html"]90%[/URL] and [URL="http://www.providentmetals.com/bullion/silver/us-slv/40-silver-kennedy-half.html"]40%[/URL] on Provident Metals' web site to see a range of prices based on coin types within composition types. They are not one and the same as generic bullion, nor even that of government issued bullion on just this one dealer's site. The pricing reflects their spread, profit, retail costs, marketing expenses, etc. Discussing junk has nothing to do with this thread. There are other threads and other areas of the forum where junk is or might better be, discussed than in this thread. I'm struggling to keep the discussion on topic by suggesting we refrain from continual talk of the concept, perception, pricing and validity of junk metals in this particular 'bullion investing' thread, and perhaps even from this entire section of CT since there are so many variants of junk silver collector-investors and their experiences and personal preferences for how to buy/sell it. Thanks. :thumb:[/QUOTE]
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