It's a sellers' Market for sure like their asking 7.00 dollars for a run of the mill quarter!! 5.75 around spot!! and I thought 2.50 was too high but I won't sell, and this was the plan all along when Silver was stuck in the teens for years!! it now here and won't pull the trigger. Severe disappointment in myself so I quit buying Silver unless it's a CC or something like that. I have been purchasing 1/10 gold. 1/4-ounce Gold instead of Silver, all do is look at the stash and smile guess that's my reward............Thanks goes to all that helped me get this far it was a fast journey since 2012.
Are you saying 7 bucks for a silver quarter? What are dealers paying for junk silver quarters? My goodness, have a pile of them. And I mean a pile. But for whatever reason, I have a real problem parting with them. I think it's some sort of illness.
Coinflation says $6.1275 for a quarter, 24.5x face value. It was a bit higher earlier today; they're showing silver at $33.88, where before I think it was $34.15 or so. Still the highest it's been since, what? Late 2012? Early 2013?
Spiked to over $40/oz Jan 2011. Equivalent to about $60 in 2024 money. Sold a lot of constitutional silver at about $28. Saved the better ones Started buying again after the market came down. A collection here, a roll of dimes there since then The structural worldwide silver shortage is a huge macro tailwind. Don’t sell unless you can’t pay the rent. Going to $50+ by spring 2025.
Are dealers willing to pay premiums for US silver coinage (not the bullion like ASEs)? How much do they skim? Obviously, they have to make a profit but how much is my question.
33.65 moving on up....... You say 50 by spring 2025.... Not long ago they said 25.00 was cheap and now look at it....
Well, skim might not be the right term. They gotta eat! Brick and mortar ain’t cheap. And since silver is a volatile metal in normal times, expect higher premiums in the future. When you sell, hold out for near spot in this market. Some dealers can’t get product to sell. And they really need volume. And to make payrolls.
I'm asking an honest question here, not trying to be difficult or a smart A. When you say spot, do you mean total weight of the coin, or the 90% silver part? Copper isn't free either. For example, if spot silver is 33 dollars on the day you sell, and you sell a junk Morgan or Peace dollar (1 ounce), what would you take for that dollar? I'm just trying to understand what to expect from a dealer/buyer. Thanks.
I remember when the Hunt brothers cornered the silver market around 1980. The price of silver skyrocketed to $50 an ounce. I told my dad, SELL!!!! He didn't. The price bottomed out badly and those two got wiped out on margin calls. $50 bucks an ounce in 1980 was a lot of money. Going to be interesting to see what happens going forward.
First, forget about the copper content for 90% silver valuations. Dimes 1964 or before are .07234 ASW, actual silver weight If silver is quoted at $33 its value is $2.38. That’s 23.8 times face of 10 cents. If you are selling the offer should be 21 or 22 times face. The difference is the buyers spread. Quarters .18084 ASW Half dollars .36169 ASW And silver dollars are .77 oz ASW not one ounce.. They almost always trade above melt. I too remember the Hunt Brothers
I need to get out to the gold claims. The weather is cooling down and you know the gold is literally laying there waiting for us to come pick it up Heck with any luck and the new price of gold we may be able to cover the cost of fuel
Not buying, but we sold a small group of 10k-18k gold jewelry this past weekend. A nice little bump in the household cash reserves for stuff that was just sitting around anyway. We agreed that right now was a very good time to cash out.
I agree it's definitely concerning, hopefully something happens to strengthen world security but I'm puzzled on what could happen.
I fear that all those dollars we worked so hard to tuck away our whole lives won’t be worth the kindling it takes to start the fireplace.