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<p>[QUOTE="Cloudsweeper99, post: 72695, member: 3011"]1. Part of the big reason for the discount from spot in 1980 was that the silver price went parabolic and spiked up to $50. Buyers were afraid the price might drop a lot before they could get rid of the silver. Smelters were somewhat overwhelmed by the quantities put on the market so there was about a 2 week delay between when a dealer could buy the silver and when he could sell it. But a sustained and less erratic high price would make it easier to sell at or close to spot. Every market is a bit different in this respect.</p><p><br /></p><p>2. Ebay is the benchmark.</p><p><br /></p><p>3. Numismatic coins always sell for many multiples of junk silver. They have been an excellent inflation hedge and probably will continue to be. But you have to know what you are doing and not overpay. This involves more than just knowing current auction prices. Buying very high quality coins in periods of price weakness, not at peak prices, seems the safest course if making money is the goal.</p><p><br /></p><p>All of this is opinion. Don't bank on it.[/QUOTE]</p><p><br /></p>
[QUOTE="Cloudsweeper99, post: 72695, member: 3011"]1. Part of the big reason for the discount from spot in 1980 was that the silver price went parabolic and spiked up to $50. Buyers were afraid the price might drop a lot before they could get rid of the silver. Smelters were somewhat overwhelmed by the quantities put on the market so there was about a 2 week delay between when a dealer could buy the silver and when he could sell it. But a sustained and less erratic high price would make it easier to sell at or close to spot. Every market is a bit different in this respect. 2. Ebay is the benchmark. 3. Numismatic coins always sell for many multiples of junk silver. They have been an excellent inflation hedge and probably will continue to be. But you have to know what you are doing and not overpay. This involves more than just knowing current auction prices. Buying very high quality coins in periods of price weakness, not at peak prices, seems the safest course if making money is the goal. All of this is opinion. Don't bank on it.[/QUOTE]
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