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They are now throwing modern silver proof quarters in the melt bucket.
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<p>[QUOTE="clembo, post: 722108, member: 8033"]No it's not if you look at it from a dealer's point of view. As bhp3rd pointed out dealers are paying anywhere from 15-20% back of Greysheet bid. Where I work it's 20% back because we have no use for them plain and simple.</p><p>We probably have at least 50 of each of the 2003, o4 and 05 sets and NOBODY is buying them. Bid on a 2003 set is about $18 so take 20% from that and it's $14.40. Melt on the silver is higher. Plain and simple.</p><p><br /></p><p>It's up to the seller to know and realize what the better deal is at this point. If a dealer offers you $15.50 and his "junk silver" price is higher go for the "junk" price. If you don't get it leave.</p><p><br /></p><p>Just so happens that I have about 15 of the 2003 sets. Man! Did they dog. It happens. I've already told my boss if silver gets high enough I'll sell them as "junk silver". If he offers me bid less 20% I'll crack them out and scratch them up for "junk". </p><p>Yep, some beautiful proof coins that I have already lost on and not worth having to most dealers for quite some time because they don't have any buyers.</p><p><br /></p><p>Supply is there. Demand is not. Now, if someone were to approach me and say "I'll give you full mint issue price" I'd dump them in a heartbeat and know they probably wouldn't be tossed into melt.</p><p>Fact is this. Right now melt is over bid and it will be a long time before these are ever over issue price. I took a risk on these and lost. May as well get what I can out of them.</p><p><br /></p><p>I may hold onto a few for that time but for now I'm watching spot prices. I can dump the silver and still have all of the non silver coins.[/QUOTE]</p><p><br /></p>
[QUOTE="clembo, post: 722108, member: 8033"]No it's not if you look at it from a dealer's point of view. As bhp3rd pointed out dealers are paying anywhere from 15-20% back of Greysheet bid. Where I work it's 20% back because we have no use for them plain and simple. We probably have at least 50 of each of the 2003, o4 and 05 sets and NOBODY is buying them. Bid on a 2003 set is about $18 so take 20% from that and it's $14.40. Melt on the silver is higher. Plain and simple. It's up to the seller to know and realize what the better deal is at this point. If a dealer offers you $15.50 and his "junk silver" price is higher go for the "junk" price. If you don't get it leave. Just so happens that I have about 15 of the 2003 sets. Man! Did they dog. It happens. I've already told my boss if silver gets high enough I'll sell them as "junk silver". If he offers me bid less 20% I'll crack them out and scratch them up for "junk". Yep, some beautiful proof coins that I have already lost on and not worth having to most dealers for quite some time because they don't have any buyers. Supply is there. Demand is not. Now, if someone were to approach me and say "I'll give you full mint issue price" I'd dump them in a heartbeat and know they probably wouldn't be tossed into melt. Fact is this. Right now melt is over bid and it will be a long time before these are ever over issue price. I took a risk on these and lost. May as well get what I can out of them. I may hold onto a few for that time but for now I'm watching spot prices. I can dump the silver and still have all of the non silver coins.[/QUOTE]
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They are now throwing modern silver proof quarters in the melt bucket.
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