Dogsoldier
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I'll stick with buying it from merit over ebay its much cheaper.
Silver madness!
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Carson
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It is considered an important investment , even by the working class.
Pfft , I picked up four AU silver Franklin Halves , A 1944 Canadian silver quarter, two 40 % silver San Francisco early 70's Ike's today for $44.60
pmbug
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Link goes to a listing of SBSS minted rounds. There is a collectors premium (ie. numismatic premium) on those rounds. I saw them listed for ~15-20 over spot.
OP claimed $30 over spot for ASEs (American Eagles). I'm assuming he was looking at listing for proofs or graded coins, not bullion.
I will not pay more than $25 or $30 for most , but about all I have would bring more than $30 ea, anything other than the most common dates ( 1921 etc) in XF or better will bring more than $30, they do though , go too high on e bay.
Dogsoldier
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No I just seen a Morgan that was in bad shape,wore down that was going for 30....I did see a liberty eagle that had been circulated,it was wore down in bad shape and it went for 23....That was the closest I've seen to spot.
$23 for a worn down Peace Dollar sounds high ( more than I would pay ) , but I would not be suprised..... there would be exceptions though ( date & mint ) , there are some that are very low mintage and difficult to find. Worst looking one I have is a 1921 ( very difficult to find for less than $100....)
India is a caste society of 1.3 billion people. The top 10% are wealthy and the top 1% are fabulously wealthy.
Break down those percetages.
The rich top 10% equal nearly half the US population.
That's a lot of rich folks.
Break down those percetages.
The rich top 10% equal nearly half the US population.
That's a lot of rich folks.
Dianne
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It's easier for computer non-savvy people to buy through eBay. eBay offers some comfort, knowing you can chargeback a purchase if you don't receive it; not to mention the ease of paying with PayPal.
If any of you think about becoming sellers on eBay though, keep in mind they don't do chit for the merchants. Do not do a buy it now sale ... make people bid. I've been on eBay since 1999 as a seller; and recently almost everyone of my crypto buy it now auctions have been purchased and within 30 minutes chargedback by the "buyer" saying they did not authorize use of their cards. I'm not sure if it has anything to do with the Target hack; although the criminals do answer their e mails... So someone would have had to hack their credit card data and their e mail address at the same time.
If any of you think about becoming sellers on eBay though, keep in mind they don't do chit for the merchants. Do not do a buy it now sale ... make people bid. I've been on eBay since 1999 as a seller; and recently almost everyone of my crypto buy it now auctions have been purchased and within 30 minutes chargedback by the "buyer" saying they did not authorize use of their cards. I'm not sure if it has anything to do with the Target hack; although the criminals do answer their e mails... So someone would have had to hack their credit card data and their e mail address at the same time.
I have never heard of such a thing with buy it now auctions , although I do little business on the net. Buddy of mine does alot but uses Craigslist thingy .That does not sound good .
I made a decent haul the last 8 days or so, 31 small, Silver Canadian polar bears , an 1853 California gold $1 , a 1918 ,1919 six pence silver , WW 2 Phillipine silver , a .50 , two twenties , a .10 ,a 1676 Trier silver pc , an early Arabic silver pc , an 1852 Clifornia gold $1 , a 1987 Constitution silver $1 , an 1857 California gold $1 , three silver , German 5 Mark pc.'s , four AU Franlin silver 1/2's , a silver WW 2 Canadian quarter, two silver Ike's .
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Carson
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I was thinking about your, "Silver Madness".
We've pointed out the spread between actual market and the market quoted price. I was thinking the wide margin must be because the market has to discount the risk of the losses that could occur if the paper market has to deliver. Well actually two things.
1. The normal markup would be part of the difference.
2. And the calculating in the risk of a loss on the silver held in places that don't really have any silver on hand to back their paper holdings.
We've pointed out the spread between actual market and the market quoted price. I was thinking the wide margin must be because the market has to discount the risk of the losses that could occur if the paper market has to deliver. Well actually two things.
1. The normal markup would be part of the difference.
2. And the calculating in the risk of a loss on the silver held in places that don't really have any silver on hand to back their paper holdings.
Dogsoldier
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Well where is the risk of loss?. A person could buy an ounce for 20$ and the day after it drop to 2 dollars in value but it would only be a loss if the person sold it for 2 dollars. All the person has to do is hold it until it goes back up in value. I don't see how buying silver could ever be a loss...Now if they discover the moon is made of silver and and it is as common as dirt then silver would be next to worthless.
Yeah , but the everyone knows the moon is made of cheese and silver has industrial usage.
Carson
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If your referring to my post maybe I didn't make it clear enough.
Suppose you bought real silver at $26.00. If you subtract a normal markup of say 10% that would set the market at about $23.40. We've been showing a market way below that. Maybe that is because the market also trade on a lot of pretend silver. Because so much of it is pretend maybe the market tries to guess as to the future losses because of the bogusness. I've messed with people like this when I was a kid. I'm sure somewhere you could give a man $26.00 and have him credit ownership of one of his real ounces to your account. Mostly I think the people trading paper silver are playing games. Maybe they buy some sort of insurance to cover any losses if something bad should happen when delivery comes due. Maybe they are just going all Burny Made Off on your assets.
Never the less maybe this is why the market is so far off of real silver reality. Maybe it is trying to account for more than just a real silver market.
Looks to me like minus the ten percent markup there is still over 13% that has been written off.
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I had a 96$ credit at a pawn shop. Recently went in and got 3 American Liberty dollars 
. That's about all I've been able to get recently. I had to buy a car earlier in the year. I'm just about done paying it off...2 more months or so.
After that, I'll be able to choose between renovating my kitchen and buying a lot more silver/gold.
. That's about all I've been able to get recently. I had to buy a car earlier in the year. I'm just about done paying it off...2 more months or so. After that, I'll be able to choose between renovating my kitchen and buying a lot more silver/gold
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PaulConventionWV
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That's just what it's called, or at least that's what me and my dealer call it. Pre-1960s silver quarters, dimes and half dollars 90%. They're not collector's items, so we call them junk. Not meant to offend anyone, honest.
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