Show Report: Silver is Strong

Austin, Texas, stalwart Bryan Jones finally hosted a show and at a new venue. He sold 30 of his 40 tables. I bought one for the next show in July. (I sell books.) That being as it was, the turnout was strong and so was silver. At one table, a buyer remarked at the price over spot and the dealer said that if the guy wanted something closer to spot, he should look at an ounce of gold.

Generic rounds were $35 to $38 and above, SAE were a little higher. Common (uncollectible) Morgan and Peace dollars were also at $32 and above across the floor.





I did not buy any bullion. My other show report is under "Chat."
Thanks!
Mike M.

 

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Silver is a tough animal to swallow now
especially with unreasonable premiums
though I still buy for wealth storage, I
have come to the conclusion that I am
not going to make money on it, as it
is very over weight right now.

 

Silver is crazy right now. I wouldn’t buy it as an investment but I would buy silver coins for my albums.

 

ASE,S are ridiculous, buy only 10OZ generic
bars now, I have put the boutique buying
behind me.

 

same, but 10oz bars

 

No, a bit cheaper then ASE,S $3 less premium
Per OZ as the bars I buy are generic.

 

The only silver I've bought in the last year has been US coinage at spot or less from sellers that want to sell.

 

I haven't bought any silver in the last year at all, I've sold some but that's it. The premiums are just way to high for my money. Gold is something I'll buy but silver, not my interest. Looks like a really decent coin show @kaparthy!

 

not sure what you mean, I buy generic 10 oz bars and a little 90 percent

 

My dealer gives a break, that's what I meant.

 

Great report.... I too am in a holding pattern with silver. I made a few purchases from some CT buddies but nothing of any real consequence.

 

Thanks for the 411 @kaparthy

Nice write-up.

Silver is in the outlandish zone right now. Haven't bought any in over a year. At these premiums I'm comfortable never buying silver again. I'm already set.

 

mpcusa
If you bought Silver at 14-thru 18 dollars and If you sold at 26.00 how would you not make money. Investment Not much but not a loss like I have read on here.. But If you buy now... then jurys out.. or cost averaging.. Except for some of my shiny stuff that I wont sell. Every purchase I am thinking what can I get on back end if I decide to sell it during this great time on earth..

 

I can't tell if you're being sarcastic, or not. Lol

 

NOT Coinjockey enjoying

 

You would for sure make something, but remember buy and sell you are going to
pay premiums right now there thru the roof ! so from an investment stand point
really not that much, for me like I have said in previous posts I have ditched my
boutique bar buying and going just with generic 10 OZ bars use silver as way to
store wealth period, I have other investment vehicles that make money, additionally
its hard to tell where anything is heading these days...LOL

 

Silver coins at a fairly good price yes, bullion and multi ounce bars no. Gold is fluctuating better than silver now. I'm careful, cautious, and can wait it out.

 

I’m curious, considering the premium above spot, were people buying?

 

Your talking about ASE,S ? They are actually
the worst when in comes to premiums, you
get a break when buying generics be it
coin or bar.

 

1921 Morgans silver dollars are bringing over 40 for almost uncirculated coins, 1921 peace dollard has nearly doubled for most grades below GEM.. SO-called better date Morgan and Peace are also on the rise across the board. The imbalance of supply and demand sure cause price increase. The Classic Commemoratives silver coins are also very strong and difficult at these levels. Wiat till the 2021 Morgan and Peace come later this year dealers are stocking up for the kill. COIN MARKET IS HOT