If you view comparesilverprices.com you will view the spread for commercial vendors. I have sales ads listed in various venues, selling diverse selections from just quality dollars to other single coin types, with mixtures in between. My prices for "no junk" 90% are below all commercial sites, in various venues. The lowest offered price is slightly above Provident buy price which is basically bullion value of 12.9 x Face, and highest price is BV + $3. Private buyer sales seemingly are reduced from a stable market price. I believe you'll find that the trigger buy price is dependent upon what is being sold, the quality, and the venue. All factors considered from my ongoing personal market study, I suggest that your best net sales price can be realized on eBay, somewhere in the 14 x face range, dependent upon commodity pricing. For those impractical uninformed who ask "why not sell here", on more than one occasion, I listed quality material here, low as BV + 50 cents without a response. The same ad on craigslist stimulated numerous buyers. The ad residual time in this venue seemingly is relatively insufficient for the average NORMAL interactive selling process. JMHO
And this entire time I've been paying 15x and thinking I was doing well. Then again my LCS includes some stuff that seems to have numismatic value in the junk tray (walkers, mercs and sometimes barbers)
Still, and for the foreseeable future, paying 10x face through my 'network'. A little here, a little there. One guy wanted to just give me a silver quarter the other day, but I made him take the money. Gotta keep the skids grease, so I can bring him into my network
15x Face at another coin shop today. Bought $2.25 worth. Good news is he would buy back at 14x Face. This shop will be my go to for buying and selling from now on.
18x Face today at my expensive shop. Not a good deal but I only got $1.50 face. Going to wait til I go to my coin club at the end of the month where I can get melt value. A guy has a roll of dimes for me at melt.
I Coin Roll hunted for 4 1/2 months this year. Got $14.00 face in 90% and $31.00 face in 40%. Got sick of dumping at the bank and the employees there did too. I use the stuff I found to lower the cost of all my silver put together that I track. Helps me keep my cost per ounce this year right around $16.75.
Wondering if it's a good day to buy silver. I bought some 90% last weekend for 15x face. I am itching to complete a whole role of quarters and I need 30 of them to do it. Going to cost me around $112-$120 dollars depending on spot when I leave work. Are Fridays good days to buy or should I wait?
The spot market closes at 5pm EST Friday and opens again at 7pm EST Sunday, so there won't be any movement during that time (although a dramatic world, or even regional event, could cause people to raise, or lower, their ask). Back when Switzerland voted against a gold standard, I purchased a tube of 1.25oz Canadian Bisons after the market opened and spot dropped to around $14.85 for a few hours.
Ended up buying $12 face of quarters. That and a tube of Rounds. Spot was $19.76 at close yesterday. The Quarters I bought at 15x Face. I'm happy with that.
.97 - 1.17 over spot special https://www.moneymetals.com/pre-196...ycode=160816-PRO-PN&utm_medium=email&AID=3818
That's a good deal, I can get 15x Face right now from my LCS. If I didn't have that LCS connection (which I had to go to a lot of LCS's to find) I'd bite on that special.
All premiums have been wiped out on 90% and bullion. Demand is subdued across the board...election may bring back the interest