What’s a good 90% silver price?

Discussion in 'What's it Worth' started by NorCal, Jun 25, 2020.

  1. NorCal

    NorCal Member

    Hello everybody, new member here. I’ve been slowly collecting silver since the late 90’s and I’m getting back into buying more. My local coin shop is currently selling 90% for 14.4x face. Is this a good price? I’ve been getting merc dimes since the shop has better condition dimes than quarters. I was able to cherry pick some war nickels the other day for 5 cents under melt value per coin. Thanks for your help.
     
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  3. Razz

    Razz Critical Thinker

    What are they buying it at?
     
  4. Randy Abercrombie

    Randy Abercrombie Supporter! Supporter

    Welcome to the forum..... Man, precious metals have just been all over the place of late. At the moment the spot price is about 12.5 times face. But then in the current climate, dealers have been passing on additional surcharges as well. I would like to recommend to you a website called coinflation.com. It will give you a live and at the moment silver value of any silver coin that you may have interest in.
     
  5. Razz

    Razz Critical Thinker

    As of today 90% silver melt is 12.86 time face except for dollars which is 13.7 or so.
     
  6. medoraman

    medoraman Supporter! Supporter

    Historically, (80's and 90's), I bought tons of junk silver under melt. Then in the 2000's sometime junk became worth melt, (quantity available shrinking maybe). It was melt just 6 months ago, (I bought some with some other stuff I got in a group deal). Today its a "hot" market like other times of economic stress. Last time it spiked like this was 2009-2011. So today it could be all over the board. Best to shop around.
     
  7. NorCal

    NorCal Member

    I’m not sure what their buy price is. I’ve never sold. Some other shops are selling for 15x, 20x, and 19x. I’m happy paying 1.44 for a dime worth 1.27 or so melt. My coin shop knows the good dates but he is to busy to check. My coin shop likes to flip his coins fast.
     
    Randy Abercrombie likes this.
  8. thomas mozzillo

    thomas mozzillo Supporter! Supporter

    Welcome to Coin Talk. If you don't mind my asking do you also collect coins as a hobby or are you a silver stacker. If you prefer not to answer, I'll understand. :)
     
  9. NorCal

    NorCal Member

    I find myself doing a little of both. I cherry pick good dates and mintmarks if I can and I have bought a few key dates when I feel that I have found good deals.
     
    thomas mozzillo likes this.
  10. GoOoldmember

    GoOoldmember New Member

    Good price to me
     
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