Discussion in 'Bullion Investing' started by jlogan, Jan 1, 2016.
13xFace for roll of Quarters and A roll of dimes.
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Just paid 13.5 face on these....
Why would anyone buy junk silver based on face...instead of weight?
In dealing with 90% dimes, quarters, and halves it's industry standard to go by the face value. If the coins were unc, you might multiply spot by .7234 ounces to get your face value. Usually dealers will multiply spot by .715 to get face value to account for minor wear and tear. Now, I scrutinize every junk dime, quarter, and halve when I buy. I cherry pick my coins looking for the fullest unc specimens I can find just in case they start going by weight. But for the most part, all the dealers in my area go by face value and really don't even look at the coins that much at all when I sell back to them because they are so busy at a show or in their shop.
On saturday i bought 4.25 fv 90% for 11x and a peace dollar for $15 from a local pawn shop!
13.5 to 14 for Washington quarters.........tough on me here....
13.5xFace. 40 cents over, not bad (roll of dimes)
Could be worse. I stopped into a pawn shop I hadn't visited before, and asked about prices on the scant selection of coins they had on display. Proof sets with a clad half, silver dollar, and gold $5 were $350, respectable for a pawn shop, but not really a bargain. I asked about the loose 90% change on display, and the salesperson insisted I pick one in particular "because they're all different". I pointed to a nondescript 1950's quarter. She said "I think those go for about $11". I thanked her politely.
13.5xFace, which is melt right now.
As I type right now melt value for junk 90% is about $11.68 face. Anybody been picking some up lately? Seems dealers jack up prices when melt gets below $12.00 face.
Please let us know when and where you might find 90% below 12x. I know of many interested.
That's what I was trying to find out. Is anyone getting below 12? I have a dealer who sells to me sometimes slightly below melt but that is when melt is atleast 13 x face.
The 2 LCS in my area that consistently have junk silver sell for 14x and 15x. If I could get junk for under 12x I'd be ecstatic.
That's pretty high on the premiums!
APMEX has it for $12.57 right now. Provident is at $12.83...
I got $2 face of halves and quarters yesterday for $11.5/face. Very nice.
That a great price!
Excellent buy Mr. Flute.
Today at LCS, Eagles were 20.35 and 90% was 12.80.
While you are at it, ask their buy price. Comparing markups would be interesting.
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