And don’t forget blued steel !The only metals I collect and stash are brass and lead.
Anybody else buying the precious metal dip?
- Thread starter mojave30cal
- Start date
$1.50 increase today to about $36, hasn't been that high since 2011.
Silver dropped enough that one of my friends looking for some Varget and 748 I'd been sitting on offered me 4 ounces for 4 pounds in order to avoid going to the bank for the cash. It was a win-win, hes been sitting on silver for years, same as I have with the powder. I offered him the powder at my friends and family price of $30 per pound, he countered with an ounce per pound knowing I like silver over cash anytime.
At Saturday's Cleveland Coin show, all the tables/dealers didn't want anything to do with buying silver bullion from the public.
Was that generic stuff or did they not want sovereign coins (eagles, maples, etc.) also?
90% dimes, quarters, halves, all forms of silver bullion including the Eagles not wanted. Morgan and Peace dollars (common dates) were being bought by tables. I know some of the dealers/tables, with the spot at a high spike they didn't more of something that wasn't selling. That high spike spot could drop as quickly as it rose is what they were thinking.
Collectable coins were selling well.
Collectable coins were selling well.
Silver spot up to $38.40 now, that puts 90% US coins at being worth 28X times face value.
Went to the Cleveland Coin show today. Got there at the 9am opening and very crowded. Many transactions occurring everywhere but wasn't paying attention if they were for silver bullion or collectable coins.
Went to the Cleveland Coin show today. Got there at the 9am opening and very crowded. Many transactions occurring everywhere but wasn't paying attention if they were for silver bullion or collectable coins.
OP
I understand a lot of coin shop owners are being inundated with 90% junk silver and can't sell them. So, they
are selling to wholesalers who are selling to refiners who are melting them down. Might cause a shortage o 90%
down the road.
are selling to wholesalers who are selling to refiners who are melting them down. Might cause a shortage o 90%
down the road.
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