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<p>[QUOTE=&quot;NPCoin, post: 1029199, member: 5629&quot;]$3.95 is a very reasonable price.&nbsp; Silver only now reached $25.69 which indicates approximately $4.68 in silver content for your quarters.&nbsp; Had you taken your quarters to the buyer today, you possibly would have gotten $4.25 a piece.&nbsp; Yesterday, silver started to took a dive to $24 a little after 10:30AM EDT and did not begin to rebound until after the London market halted.&nbsp; So the silver content based on that low (and an uncertainty if any gains would remain), each quarter had approximately $4.34 in silver (which $3.95 is about 90% spot).</p><p><br /></p><p>There are only a few smelters from whom you would be able to net 95% spot from.&nbsp; Some dealers will only offer what they can send it in to the smelter for.&nbsp; Sometimes this can be as low as 80% spot for junk.&nbsp; Others will sell inside the market, sometimes at a very slight premium.&nbsp; At such point, you may be able to sell for as high as 95% or even spot, depending on the dealer&#039;s needs, but generally, those are levels that trade inside the market.</p><p><br /></p><p>In my own opinion, an &quot;honest&quot; dealer will offer anywhere from 75% to 95% on spot depending on their interpretation of the market.&nbsp; Yesterday, with the sudden drop and slow rise following, an &quot;honest&quot; ask would be 80-85% because of the market&#039;s uncertainty.&nbsp; If the sale was conducted during the period in which the price was still dropping, as low as 75% would have been an &quot;honest&quot; price.</p><p><br /></p><p>Remember, PM prices are very volatile, and history has already shown us that prices can and do crash unexpectedly.&nbsp; Silver dropped 4% in a half hour period yesterday.&nbsp; It did recovery, and is now on its way to $26.&nbsp; Yet, what if the opposite happened and instead of a $1.50 increase from the low drop, it continued to steadily drop $1.50 instead?&nbsp; Silver would be at $22.50 now.&nbsp; That would put the silver content value at $4.05!&nbsp; So, the dealer would lose 11 cents per piece sending it into a smelter today!</p><p><br /></p><p>That&#039;s the chance the buyer of PMs takes.&nbsp; And remember, junk is not bullion.&nbsp; It may be sold &quot;as bullion&quot; (I do it quite often), but it is not bullion.&nbsp; And as such, it carries little to no premium with actual investors of bullion product.</p><p><br /></p><p>Talking to dealers and &quot;shopping around&quot; is a very important thing to do.&nbsp; because each dealer has different interests, specialties, and networks that they are involved with, you may actually be able to find a dealer that will hit spot value, especially when the market is favorable and you have bulk ($1000+ FV).[/QUOTE]</p><p><br /></p>

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