I have a question about selling 90% silver. Currently silver is sitting at a little over $45 an ounce and I thought about selling but I tried what few local coin shops we have and some pawn shops and the best anyone will do is 27 X face which would make 2 Kennedy halve 90% a little over 32 per dollar. Is it normal for people to buy so low? It seems lower than what it should sell. I know they need to turn profit but $5 under? Maybee I'll hold and ride the rollercoaster lol.
Well... A couple things. Of course a dealer has to make a purchase that will allow him to make a little money when he sells.... But I think that the silver roller coaster ride lately probably has the guys you tried to trade with a little conservative minded. If you been watching the charts they are so danged sporadic of late and it wouldn't take much of a swing for that dealer to lose money..... But yeah, when things are more stable you can usually do a little better.
I've heard many reports the wholesalers that dealers sell to, pay less than melt value for most gold and silver currently. Combine that with the massive amount of customers selling their silver right now and usually fewer retail buyers than before.
