Silver what? What's the Price? OMG!!

Discussion in 'Bullion Investing' started by fretboard, May 25, 2020.

  1. fretboard

    fretboard Defender of Old Coinage!

    I hear and see you can't touch silver for less than $20 and that's normally for generic rounds, wtfestus?!! I had no idea, I have a little bit but not much at all! I may buy more but I gotta get a really good price, how about you?? Are you stacking? Not with these prices! Or are you buying because you know why other people are getting into the act? :D The prices are practically criminal!!

     
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  3. CoinBlazer

    CoinBlazer Numismatic Enthusiast

    I’ve been purchasing 90% Silver Quarters from my LCS for 16x face. Which is an acceptable price with the current market conditions.
     
    fretboard and FryDaddyJr like this.
  4. lincoln

    lincoln Large Member

    Sure glad I bought silver in 2012 when it was $32/oz. Whoops.
     
  5. fretboard

    fretboard Defender of Old Coinage!

    Good option there, no LCS open in my area, not yet. Coming in June I'm thinking. :D Demand for silver is way too high for my money, but we'll see!
     
    Last edited: May 26, 2020
  6. Collecting Nut

    Collecting Nut Borderline Hoarder

    I buy what I can but only at reasonable prices. It's better to add to the coins than stack at the current prices.
     
  7. Jeffjay

    Jeffjay Well-Known Member

    Don't need to sell any of mine but at the prices being realized it's getting tempting.
     
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  8. NumisNinja

    NumisNinja Active Member

    The effective spot price of silver is about $20 right now. It's fair to sell at that and if you can buy it there or close to it it's also good. Dont worry about spot unless you trade derivatives or deal with refining or mining metal. Scarcity of the above ground physical silver is why the price is where it is. But it's only going up from here so dont feel bad for paying $20+ an oz. That's our new normal in the stacking community. Of course ASEs and premium rounds will have additional juice on them which I feel is too much, but you can get it back when you sell too, so theres that.
     
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  9. goldcollector

    goldcollector Member

    Bull there is no scarcity when it comes to silver. That's why they haven't minted extra Gold, Platinum, or Palladium Eagles. But now they are minting up millions more "emergency silver eagles" which I see are being offered at close to $900 a roll. OMG and I bet silvidiots will pay the $45 a coin to get one of those "emergency silver eagles" that will never in any of our lifetimes actually be worth $45.

    Makes no sense as there was never ever ever a problem finding ASEs. It's just the dealers wanted $30 + for them but of course still offer spot if you want to sell. Just try finding an AGE, maybe you might get lucky. A platinum or palladium eagle good luck but silver eagles have been everywhere, albeit at double spot. So now let's mint up millions more and call them "emergency". Yeah silver is so scarce just like it was going to be extinct by 2020.
     
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  10. goldcollector

    goldcollector Member

    Here is the lesson we have learned --

    When silvidiots (in mass) are willing to pay $30 an ounce, all of a sudden millions and millions of extra ounces of that scarce silver gets found to make emergency coins.

    When APEs are going for $1000 no extra Platinum is found

    When AGEs are going for $1800 no extra Gold is found

    When Palladium Eagles are going for $2200 no extra Palladium is found.

    And you guys want to believe silver is going anywhere when $30 = millions and millions of extra supply.

    Lol. Do yourselves a favor and wake up
     
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  11. crazyd

    crazyd Active Member


    This is what gets me - I am no long term ASE expert but it feels like the spread between sell/buy has never been worse.
     
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  12. slackaction1

    slackaction1 Well-Known Member

    I was on some sites checking prices on Silver for the last couple of weeks. Here is what three to four sites were selling rolls of 90 % quarters 145.00. then on another site a roll of 90 % Kennedy halves 145.00 roll of 90% dimes were going for 70 to 78.00 dollars, and Morgans were selling for 50.00 nothing fancy about dates mint marks, never seen any cc Morgans yet, I would venture to say sellers market on these sites. All you do say I have 50 rolls of quarters starting at 145 for Washington plus ship and 155. for readable dates on most for standing liberty quarters.. I am holding tight. tempting THOUGH..
     
  13. slackaction1

    slackaction1 Well-Known Member

    I am sure glad I started on this site in 2012 learning about coins, I went on some sites tocheck prices. I have been schooled on this...buy the coin not the holder, cleaning coins these guys would fold on this site when they start telling about that. I am a newbie on there but feel like these people are ripe for the taking. They turn their coin around holding it their hand making the light reflect on surface of coin and say proof or proof like.
     
    Kentucky likes this.
  14. slackaction1

    slackaction1 Well-Known Member

    Is it okay to call people names on here like silvidiots if so I would like to know? TY
     
  15. slackaction1

    slackaction1 Well-Known Member

    This was the latest I seen while ago will watch this one.....................… HE SAID Made a roll for fun to introduce myself to the group - 40 quarters

    24 Hour Auction
    Starting Bid $100
    Shipping $4 standard / $8 priority ...

    See More
     
  16. coin_nut

    coin_nut Supporter! Supporter

    I done bought and held a lot of silver and gold. Maybe after I drop dead, someone will be happy with all that treasure.
     
    slackaction1 likes this.
  17. Ana Silverbell

    Ana Silverbell Well-Known Member

    If silver is not going higher than $20/$30, then most stackers have been wasting there time and money; however, I agree with NumisNinja, silver will go much higher. If you buy at $20/oz., on the way up to $30, $40, or $50 an oz., how can that be bad? I see little downside. What about buying at $40 or $50 on the way up to $100/oz.? Here you need to really do your homework.

    In the end, just don't use money you may need to pay bills. Emergency sales of precious metals are almost always painful.
     
    HaleiwaHI and Cheech9712 like this.
  18. -jeffB

    -jeffB Greshams LEO Supporter

    It's not supposed to be, but it is. Rules are a little bit relaxed on this subforum.

    It's also not allowed to personally attack individuals, but the poster in question goes after me fairly frequently. (It's usually for things that I don't actually say, and often for things I don't actually believe. Not important enough to respond to unless I'm really bored, or in a mood.)

    Finally, it's also OK to offer to sell silver to someone here in the For Sale forum, get money for it, and then never deliver it. Well, not okay as such, but it won't get you kicked off. The owners and admins of the forum sort of have their hands tied legally, since getting involved in one dispute may expose them to legal liability for others. But if you have the particular personality quirk that causes you to keep hanging around this nest after you've fouled it, nobody will stop you. Apparently.
     
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  19. -jeffB

    -jeffB Greshams LEO Supporter

    Especially study the chapter titled "2011". :rolleyes:
     
  20. slackaction1

    slackaction1 Well-Known Member

    Yes Jeff I have read such posts your are talking about and the latter part too. Just don't how you can stay on a forum site when you ripped off another member I am with you on that one. Don't care if its ONE dollar or 200.00 still the same to me.
     
    thomas mozzillo likes this.
  21. Mr.Q

    Mr.Q Active Member

    We purchased a 10oz silver bar last week at spot + 3. That was an eye opener for us. Unlike gold, silver fluctuates regularly. We have decided to wait out the market for a while or be satisfied with what we have stockpiled for our granddaughters. End of story for us. Best of luck to all...
     
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