Silver over $20/oz

Well, there you have it.

Current: Bid: 20.01, Ask: 20.06

Took a few more days then most of us thought but I knew it would get there.

 

Log in or Sign up to hide this ad.

wow.

 

Today is going to be a ride. It's already back down to 19.91/20.01

 

now what, buy or sell?

 

always buy! thats what im gonna do.

 

Yeah. Keep buying. I've been buying it up not much though and of course hunting for it. A lot of people say its going to hit $35 and I tend to believe them. Expect I think its going to take longer then most expect.

 

This is going to be an interesting day today...

GOLD 03/03/2008 01:55 983.50 984.30 +9.2 +0.94%

SILVER 03/03/2008 01:55 20.11 20.21 +0.30+1.51%

 

Already back down to 20.01/20.11 lol

 

the sad part of the high metal prices - many rare coins will be melted. think about the number of coins that are just above melt price right now - if gold hits $1100.00, think about what will be lost.

i saw tons of coins going to the melting pot at Baltimore this weekend...

-steve

 

I thought that it was illegal to melt united states coins?

 

I took my son to the local coin shop last Saturday. In the 15 minutes that we were there we saw one couple buy a 100 oz. bar of silver, another couple buy 3 100 oz. bars of silver, and a young guy buy $1,000 worth of ASE's (45 coins).

I guess people are still buying at these prices.

 

I thought it was only illegal to melt pennies. Maybe I'm wrong, but I thought it was still legal to melt silver and gold (and platinum) coinage.

 

Just checked silver was 20.21

 

you can melt anything that is made of silver or gold - don't limit your horizons to US coins - there are plenty of world coins going in the pot...

-steve

 

Right now it is illegal only to melt cents and nickels. People have been melting silver coins since the 1970's when the ban was lifted that had been implemented back ca. 1964-1965.

It is only a matter of time before all the pre-1982 cents disappear completely at 2.5¢ melt value they will not be long in going.

 

Silver:

20.27
20.32
+0.46
Wow!

 

i got a 1926 cent in F today in change - it's worth $2.50 - much better than melt!

-Steve

 

It's still rising...

20.31
20.36

 

Where did you get that price? Red book list a F-12 1926 cent as $.30

 

Keep buying, as long a the economy is down gold and silver WILL go up. Not going to say when but silver will hit $30 to $40. Just wait:whistle: