What are you all paying for 90% junk?

Discussion in 'Bullion Investing' started by jlogan, Jan 1, 2016.

  1. Bman33

    Bman33 Well-Known Member

    13xFace for roll of Quarters and A roll of dimes.
     
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  3. SilverTracker

    SilverTracker Active Member

    Just paid 13.5 face on these....
     

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  4. yakpoo

    yakpoo Member

    Why would anyone buy junk silver based on face...instead of weight?
     
  5. Bman33

    Bman33 Well-Known Member

    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.
     
  6. Mkman123

    Mkman123 Active Member

    On saturday i bought 4.25 fv 90% for 11x and a peace dollar for $15 from a local pawn shop!
     
  7. SLACKACTION

    SLACKACTION UNION REPRESENTATIVE

    13.5 to 14 for Washington quarters.........tough on me here....
     
  8. Bman33

    Bman33 Well-Known Member

    13.5xFace. 40 cents over, not bad (roll of dimes)
     
  9. -jeffB

    -jeffB Greshams LEO Supporter

    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.
     
  10. Bman33

    Bman33 Well-Known Member

    13.5xFace, which is melt right now.
     
  11. Bman33

    Bman33 Well-Known Member

    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.
     
    Last edited: Aug 8, 2017
  12. imrich

    imrich Supporter! Supporter

    Please let us know when and where you might find 90% below 12x. I know of many interested.
     
  13. Bman33

    Bman33 Well-Known Member

    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.
     
  14. brandon08967

    brandon08967 Young Collector

    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.
     
  15. Bman33

    Bman33 Well-Known Member

    That's pretty high on the premiums!
     
  16. Speedbump

    Speedbump Not a New Member

    APMEX has it for $12.57 right now. Provident is at $12.83...
     
  17. Mr. Flute

    Mr. Flute Well-Known Member

    I got $2 face of halves and quarters yesterday for $11.5/face. Very nice.
     
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  18. Bman33

    Bman33 Well-Known Member

    That a great price!
     
  19. SilverTracker

    SilverTracker Active Member

    Excellent buy Mr. Flute.
     
  20. 05Wildcats

    05Wildcats Well-Known Member

    Today at LCS, Eagles were 20.35 and 90% was 12.80.
     
  21. Gilbert

    Gilbert Part time collector Supporter

    While you are at it, ask their buy price. Comparing markups would be interesting.
     
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