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

I'm being told that they already have more than they want and not paying as much as they were. What are you seeing? I think I'm late to the party.

 

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Larry, I sent a note just the other day to my coin shop buddy. He is setting up a table at the coin show I am attending this Saturday. I asked him straight up if he wanted the silver that I was bringing and he enthusiastically said yes, he would take all I would bring him. He has long known that I hoard old US silver. I plan to dump 15-20 ounces worth this weekend along with an ounce of gold.

 

My friend was unable to sell any of his 90% locally last weekend.

 

Don't go to mine for some reason.

 

Not without a significant discount, which they are up front about to limit their risk with price swings (like today). It is very challenging managing risk as a dealer in gold / silver holdings at the moment.