What are you all paying for 90% junk?

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

  1. TheMont

    TheMont Well-Known Member

    If I walk into a coin shop and see a coin I like I normally buy it if it's within my budget. If the coin is under priced, I just keep my mouth shut and pay the price asked. A dealer should know better and know the value of a coin they are selling. Now if I'm buying it from a collector, say at a coin club meeting, and it's under priced. I will tell the Seller and discuss a fairer price.
     
    Bman33 and -jeffB like this.
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  3. Cheech9712

    Cheech9712 Well-Known Member

    Well said
     
  4. Cheech9712

    Cheech9712 Well-Known Member

     
  5. Cheech9712

    Cheech9712 Well-Known Member

    Doug Flute's playing his game better then most. Go Bills
     
  6. Cheech9712

    Cheech9712 Well-Known Member

    Get outta town
     
  7. 05Wildcats

    05Wildcats Well-Known Member

    Friday, March 16, LCS had Eagles for 19.85, Rounds for 18.35 and 90% was12.15.
     
  8. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Sounds "middle of the bell curve" to me.

    The new chief economics advisor is a "bull" on the U.S. dollar, and a "bear" on precious metals, and people in jobs like that tend to be able to MAKE things happen.
     
  9. 05Wildcats

    05Wildcats Well-Known Member

    Today, March 29, LCS selling Eagles for 19.70, Rounds 18.20 and 90% for 12.00.
     
  10. Bman33

    Bman33 Well-Known Member

  11. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    I cannot imagine a reason why I might EVER want generic pre-1965 silver coinage, aka "junk silver". The entire reason most people state for doing it is something I consider a near-zero probability. The expected value for any activity is its future value times its probability, and a near zero probability implies a near-zero expected value. When I lived in a house at the top of a hill, I also refused to buy flood insurance, and I don't have a meteorite impact rider.
     
    Last edited: Mar 30, 2018
  12. CoinCorgi

    CoinCorgi Derp, derp, derp!

    Well ain't you just special? What about an aging Chinese Space Junk rider? lol
     
  13. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Nope, big honkin' catcher's mitt.
     
  14. Bman33

    Bman33 Well-Known Member

    I do not buy junk Silver for Zombie Apocalypse reasons. I buy it for the low premiums. Doesn’t mean I am adverse to selling it to preppers though. I have a friend that sells PM’s at gun shows. That crowd eats up junk!
     
  15. V. Kurt Bellman

    V. Kurt Bellman Guardian of The Farce, & Dead-Eye Master

    Yeah, why am I not surprised?
     
  16. Sullysullinburg

    Sullysullinburg Well-Known Member

    I would say there is a lot more reasons for it then disaster prepping (ironically which it would be pretty useless in). I buy it because it’s fairly easy to flip for a small profit, and error searching.
     
    SLACKACTION likes this.
  17. Nathan401

    Nathan401 Supporter! Supporter

    I love the stuff. Why wouldn't I want some mason jars filled with old silver US coins? Mind you, I wouldn't buy a sack of it from Apmex, but I've acquired quite a bit. I'm hoping that as my kids get older, they might want to pour through it and fill folders or start a collection of their own. A lot of what I have came from accumulation of my Wife's Grandfather, so it certainly hasn't been searched in a long long time. Maybe there are some pickers in there. It has value to me beyond the weight of silver it contains, it's part of my collection.
     
  18. Rice Guitars

    Rice Guitars New Member

    My LCS charged me 12X today, seemed fair.
     
  19. -jeffB

    -jeffB Greshams LEO Supporter

    That's precisely melt at the moment. They must have gotten a great deal buying it.
     
  20. rte

    rte Well-Known Member

    Coin meeting yesterday I pick 2 rossies out of the club resale folder for $1ea.
    10x spot.
     
  21. Adam34falcon

    Adam34falcon Active Member

    Those rossies must be pretty light if you're paying about $165 per ounce. (I assume you mean 10x face and not 10x spot?) :p
     
    coin0709 likes this.
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