Last weekend, there were dealers buying silver at $29 per dollar face. This weekend it would be different because silver went up another notch.
I brought home my bulk silver dollars yesterday to possibly prepare to sell some of them (177 EFs and 92 common UNCs). I just got them out of the deposit box to be ready when the price hits my threshold.
I was surprised at a recent local auction at the selling price of common date Morgans. They were selling in the $40-$45 range. It seems that a lot of people have joined the coin collecting ranks. I think they are speculators but they are pushing the market to new levels. I'm also noticing that the silver eagles are now running between $50-$55. I'm glad that I bought a bunch of Morgans at $15-$20 a few years ago with the silver eagles at $20. I'm also glad that I bought a bunch of silver dimes, quarters, and half's. They have tripled in value in two short years. I think that the ride will end pretty soon but who knows. The countries of the world are all spending more than they take in. It could cause some serious inflation, which will probably help the silver market.
as cheap as I can get ... but I'll pay up to 30x face if I like the coins ... been doing most of my shopping at local fleamarket/swapmeet ... looking for deals ... I likely end up balancing any savings with cost in fuel/time but I enjoy the hunt ... I managed to pickup 2 Standing Liberty Quaters today for $14 for the pair ... I've bought coins off this guy in the past he was only asking $10 but I gave him 14 ... he's been setting aside any coins that comes his way and don't want that to change
None of the shops around here are selling at or below melt. More like 5-10% above. And, if you're selling, 20-30% below melt.
