Coin Shops are NOT Buying Silver Rounds?!?
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- Опубликовано: 8 сен 2024
- Silver Demand is down, but are Coin Shops STILL buying 1oz Silver Rounds? According to one person that commented on my channel, the answer is NO!
Of course we're going to verify that information right? So today I called 11 different Coin Shops around the U.S. to find out if THEY are buying Generic 1oz Silver Rounds and what they're paying!
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Coin Shops are NOT Buying Silver Rounds?!?
• Coin Shops are NOT Buy...
#silverstacking #silverbullion #silverrounds #silvereagles
I don’t buy silver to resell it. You don’t make money from that. I buy to preserve wealth. When I pass, I will leave it to my kids. The gvnmt will never know.
Those who hold their silver for years seldom have a problem with no profit on selling it, especially if they shop around for the best price.
I imagine you've taught them how to sell if and when they'd need and to be diligent in knowing the current laws and limitations. Things change times change.
I am from oversea. I stack for my retirement and hopefully able to leave some for my children in future.
I love how boomers who have a house and retirement. Give such great advice. Never sell pass them on. That's easy to say if you have enough. Building a stack from a poor person perspective. Selling at key points and rebuking when cheaper to add free silver to your stack is awesome!!! I've sold at some amazing times since 2019 and added quite bit of free silver just for holding some of the coin shops silver for a bit.
@@spoonsmith9506 Laws and limitations? That's why you stay off the radar scope. Laws and regulations are for safety, not just to dominate others.
We always buy back our own rounds, and other market staples you have. Of course, the best way to sell silver is directly to another buyer, not to dealers. But that comes with all the risks as well.
Absolutely and thanks for watching my friend!!!
I love my Cowboy rounds.
@@historyiwitness5915 Here's the reality both for actual LCS, and for us as a mint. Do they want the headache to have to verify the entire worlds hoard of silver and resell it - every niche item? We buy all of our products back, and almost all major market staples. There is a business cost to having to research, verify and flip any items. Some of the big national dealers have entire teams dedicated to this, we don't - yet. Most other mints don't even bother at all. And in terms of selling it to other investors, that's just the best deal in terms of pricing. If you want a permanent 24/7 market, big retailers offer that service, but at a cost. You won't get the best price, but you will get speed. That's just economics. They want to make money, so they'll never pay full price.
@@Michael-Stacking Thank you! New versions coming soon!
@@historyiwitness5915 LOL
That dude was just trolling you and has now, hopefully, moved on to another victim. I watch your videos for straight forward info on silver and stacking. You are accurate, concise and fair in your assessments and opinions. Don't let pinheads like that guy ruin even a minute of your day. Keep up the good work.
That dude most likely didn't know what he was doing, bought silver and lost a ton of money by cashing it out early. You see it all the time. Now he bashes people who are doing it correctly.
Exactly
@@ct87gn25 Exactly right but it's not just silver or gold that people screw up when buying it. This happens in the stock market a lot. I remember people bailing out of the
market in 1986, 2000, 2007-08, and in 2020. My gosh, those were SWEET BUYING OPPORTUNITIES! Those who bailed out at or near a market bottom compounded their
error by failing to find a new entry point, so never participated in the huge moves upward when the market recovered and surged much higher. I once read a quote that
read, "If the average man was really smart, he would be rich." While this isn't always the case, it is the case a lot of the time. Getting rich is one of those things that takes
a lot of time and effort. It's not something that most can do easily or quickly, but it can happen to most who actively pursue it. They can spend a good part of their life in
the process.
That dude gave him content. He doesn’t care.
I am in Southwest Florida and just found a Coin and Jewelry shop that I was previously unaware of. I visited this last Saturday and was surprised to see he only had a couples pieces of graded currency, a few tubes of silver Eagles and rounds, and some 1950’s era collectible baseball cards. When I asked what else he was selling, he replied that they don’t really sell, he only buys. He buys everything, including sterling flatware and service pieces. I looked over the counter and he has silver piled everywhere. So there is at least one buyer in Florida. 👏👏☀️🌴😎
where at? i am in venice fl area
Where? I'm in N FL.
Plenty of buyers in FL I’m in Jacksonville Edgewood Coin A1 Coin place The Vault in St Augustine also I hear about the Daytona flea market and there also a guy on RUclips Pawnbroker Pickers he has a shop near Orlando in Winter Haven MJ Pawn then there is always Facebook marketplace if you’re selling at spot u want have no trouble getting rid of
My LCS is not buying ANY silver today. They're closed on Mondays. 😂
Rofl!!!!!
🤣
Hey mine too. Just Thursday through Saturday. But they will buy rounds and turn around and sell them in a day at a 10% mark up.
mine are closed on mondays too....must be an industry standard. and of course im off on mondays lmfao. i have to go in before work like today. appt at 11 work at 1 lol. and also, if youre buying silver and gold, its best to not buy if you cant afford to let that money go, just like every other purchase in life. dont buy it thinking itll be a profit flip, buy it because you want it rather than cash savings because it might just sit in your safe for 20 years and if it doesnt, you might just lose money. if its a hobby by all means do whatever you want but if its for hedging against inflation or for storing wealth for the future without a bank or gov putting their fingers in it, then you probably dont want to be selling it anyways. selling is a last ditch effort thing for gold and silver, if you want profit flips, go to the stock market
I'm at the Gold and Silver Exchange in El Paso, Texas and they are buying any silver that comes in the door. Paying spot for rounds in good shape and two dollars over spot over eagles. Many problems here on the border and one of them is finding silver!! Great channel to follow.
I found this information extremely valuable. I'm sure the vast majority of your viewers appreciate your content. I've checked out quite a few PM channels and you are the only one I've come across that does this leg work on the phone for us.
Excellent video. I love when you call dealers to check prices - that carries a lot of weight with me. Thank you for the work you put into these videos!
I have been buying rounds from Money metals for 3 years. I have almost 2000 of them. The premiums were very high. Ave Price paid almost $30/ounce. Current value is about $25/ounce. If I had to sell I would lose $10,000. Luckily I don’t need to sell.
Luckily, we have one coin dealer in town. Here are their buy prices for silver. I was surprised to find that 10oz bars get the best price after American Eagles.
1oz bars spot - 1.25
1oz rounds spot - 1.00
1oz Maple Leaf spot - .0.75
10oz bars spot - 0.35
1 kilo bars spot - 0.50
1oz American Eagles spot + 1.50
I’m an LCS and I’m currently buying rounds at +.50 and Eagles at + $2.
Some people just can’t handle the truth. Thanks for the comparison.
After prices have been high, ok, maybe. However I had to sell twice in the past, and both times I made a profit.
Youre good Seeker, you seem intelligent and are straight forward. Some people are pessimistic and want solutions spoon fed to them. There are no certainties in life. We base our decisions off past information and hope for the best. Welcome to adulthood...its not easy and never was. Good luck out there
I think you have been very up front about the true reality to silver premiums. I appreciate all your help!
I just bought a tube of cowboy rounds today from SD bullion. I have a very few of them already and they are so beautiful. I love the statement that says, "RIDE FOR THE BRAND."
@silver Seeker thanks for all your transparency, honesty and integrity as always. We in the silver community appreciate all your content you put out. And for what you continue to do thru educating everyone. Even us old stackers. Always something to learn
Yes, indeed. Very well said. 👍
I do agree with those statements. I don't know in the US but where i live in Europe, dealers are not interested to buy back silver, especially not in larger quantities and if so, you need to be glad if they offer you spot. They even recommended me to sell it to somebody else.
Love your work, dude! I've been stacking for 2 years now. So, I'm sort of a novice. I wanted to let you know that your videos have really helped me. I generally stack silver, but have been buying 1 gram gold bars and goldbacks every month. I'm well on my way to my first ounce of each. This is addictive!
Your buying in the most expensive way my friend. Stack how you can but your paying high high premiums. It’s Almost better to save if you can. 1 ounce is much less premium but us poor people can’t afford so I stack 1-10th but that’s still a high premium. That’s why we stack silver but really we get robbed on the silver market by the middle men. You can only do well selling to others privately but even then some people try to get more than shops.
I've never heard of coin shops not buying any precious metal in any form. I have always called several shops and always been able to sell if I want. Twin cities MN.
4 sure man.. even if they have a lot of it, or price fluctuation. if they r real business ppl, they will give u low price, but to refuse!? never heard of it..
have been watching your videos all day today while i am working. love your content. i'm new to all this as of maybe 10 days ago. have learned a lot from you and a couple other youtube fellows.
This information is valuable. I went to two places this weekend. Guy said $50 for ASE! $38 an ounce for 10 oz englehard bar. Next place was $28 for generic buffalo silver ounce. It pays to know what to expect. Thanks for doing comparison shopping for us.
Huh?
My shop in Oklahoma is still paying 50c over spot for rounds. But not buying over 5 oz bars
What shop would that be if you don't mind me asking? I usually go to Tulsa gold and silver but I would like to know of other options. I have been to a shop in Grove but only once.
@@WanderingStil lynchs coin shop in ardmore ok. Very nice old fella runs it
@@WanderingStil ive been to the shop in norman and that guy buys everything to my knowledge. i have a shop i go to in duncan to buy but sell not someone unless i really have to which thankfully i dont. though currently he has a 1983 gold kreug which is nice. surprised this guy gets older stuff and depending on what it is usually he undervalues it or over values.
The coin shop I go to near Houston TX pays a dollar under spot
@@sexyasstattoosnever sell for under spot. Ever.
So, those that paid $10+ for eagles last year are still down -$8
I wasn't buying eagles then and was telling people I wasn't on this channel and why
@@SilverSeeker It is a measure of good money management to always pay attention to prices. The price matters with everything we buy, so silver and gold should not be any
different, IMO. Anyone who buys at any price offered is very likely to get ripped off most of the time and that's a bad thing to happen to anyone. Like a lot of stackers, I set the
price I'm willing to pay and if silver or gold exceed that price, I stop buying. Instead, I stack fiat and wait for a better price to come along. Been doing this for the past 14 years
and haven't had a single problem with it because something is on sale most of the time, so just wait until something you like comes on sale and buy it then.
But I will say that when the next silver squeeze comes along and I can sell silver for a fat premium, I'm going to do that and put the profits from it into more gold. My ASEs and
Maples will be sold but I will keep the ~1/3 of my stack that is US 90% silver coins as my SHTF barter money. If it's not needed for that, then my kids and grand kids will get it.
I'm good with it either way.
Some paid $16 over for EAGLE
@@SilverSeeker if I' remember the US Mint last year did not mint enough Silver Eagles and there was a shortage.....correct me if I'm wrong....
Correct. Personally I have never paid more than $2.50 over spot for anything. Even ASE's.
Great video Seeker!!
This is EXACTLY why you are one of my go to sources. If I owned any precious metals that is or firearms for that matter. I've said too much... I own nothing and I'm happy!
I am pleased with your videos by informing people of the value of stacking for the long term and not a quick turn over. Also by shopping around for the best value for the items you look to sell.
So happy I decided to only buy at 20 or lower. I live in South Florida and my favorite LCS regularly buys rounds and always has different rounds in stock every time I go there
I'm never a victim especially when it comes to the knowledge that you're gifting to people. You're one of the best stackers out there. The most professional and the most informative. Thank you and I hope you do keep trucking and making more videos
You're very thorough with your coverage and with the spreadsheets you offer to followers. I don't see how anyone would be offended by anything here, or suspect you of trying to trick people, it's all good information.
I just test sold some coins. Au Panda - spot. Soverign Ag 0.50 under spot. Ag round 1.00 under spot. Austin TX. Seems like a lotta sales of late. Rare items better deal.
I've made ALOT money SEVERAL times with silver. All through my childhood I bought a TON of silver when it was less that $7/oz. I unloaded nearly all of it a few years later in '10-'11 between $25-$35.... Started buying again in 2015 at sub $15. Sold again near $20 in '16.. Started buying BIG again at $15 in '18. Unloaded when spiked to $27 in '20. Bought HEAVILY in the mid-end of '22.
Also, selling online is absolutely your best bet! For rounds, You may get spot at an LCS, but online, you're getting $2-$3 OVER spot for the same silver
silver isnt even keeping up with 2% inflation yearly
It moves in spurts. If not interested on silver, why are you here?
One example is how much did gasoline cost in 1964? It was 30 cents per gallon. Let's use the silver quarter for an example that was in ones pocket change in 1964. That quarter is now worth 4.49 cents in fiat dollars. I'm in California, where gasoline is the most expensive price in the US and right now I filled up at 4.499/gallon. So there you are as one example, silver kept its purchasing power. It will hold up on many other common everyday examples as well. Here are two more examples. In 1964 bread was 22 cents and milk was 49 cents. I buy Dave's seeded bread a high quality, organic, more expensive than normal bread and it cost me 4.49. And milk, I don't buy as I avoid dairy, but I can typically buy a half gallon of almond milk for 4.00 and I'm guessing a gallon of milk today is about 4.00. So that silver quarter did maintain its purchasing power.
Wanna fight inflation vote Republican for God sakes!
The Silver price - in nominal terms - peaked at $48.70 in 2011. The previous peak was $36 in 1980. In inflation-adjusted terms, we are living at the bottom of the sea.
@derikuk2967 I agree very much. So much to gain in dollar terms.
I traded most of my Silver Rounds & Maples for 5 oz & 10 oz Bars & it work out Perfect. My Coin Dealer always gives me One Dollar over Spot as long as their good condition & no milk spots. 🥈🥈🥈 That’s why is good to build good friendship with your coin dealer & trust.
Well done. That guy was a troll - his assertions were outlandish. Keep up the good work 🙂
My local coin shop always buys rounds with no hesitation.
Great coverage of rounds buyback. Thanks for covering this!
I called around to about 6-7 coin shops in the Myrtle Beach SC/Wilmington NC area this morning and prices were lower than the shops you spoke to. Ranges were $21 to $23.75. Nobody paying over $24 that I talked to. Prices for 90% junk silver were low too. One was offering $14 X Face.
Selling for 80 cents over? Nice! Maybe not the best place to sell, but seems like a good one to buy from!
Thanks for doing these LCS phone calls. There are a few online bullion stores that advertise their buy back price. The LCS’ you called offered better buy back prices than these online stores, and that doesn’t include shipping to the online stores.
This video has only been on for one minute on RUclips and it’s already got 12 comments! Pretty amazing!
love silver seeker
I had a dealer offer me only $100 for 5 ounces recently in Ohio, obviously didn't take that offer.
Good call lol
I live in Ireland so the prices never apply to me, but I'm still subscribed and enjoy the LCS calls and quotes.
Seeker, you provide good and honest content about the silver market. Keep up the good work.
I needed some $$ to help my stepmom after my dad died a couple weeks ago, and the local shop told me that my 1 troy ounce rounds were not “good enough” quality to bother with. I’m stunned.
I am so NOT a victim of this channel!! Your information is very helpful Seeker and I appreciate it very much!
Steve in Florida says you do a great job informing us on metals, would like to say thank you.
I love your content because it find it honest.
This said: Have you ever considered calling Canadian coin shops?
I like your channel. Up to date, and no nonsense.
Other than selling off all my ugly silver and gold in 2011, I don't plan on selling any of my stack for us federal reserve notes. IF an emergency calls for it, though, my cost averages are so low, I won't care about any perceived "profit or loss".
Thanks for sharing your knowledge.
I have 3 options here in FT Myers. All buy or trade my rounds. The dude is incorrect.
Cheers from Naples, my neighbor.☀️🌴😎 Dealers are buying here too.👏👏
If a dealer ever isn't buying, they're not a dealer. That, my friend is called a hack.
I watch and try and soak up as much as my little pea brain can. So I’ll say this, thank you for all the actual information the data! Appreciate all you do!
Problem is spot silver will always be spot silver. Vintage .999 Silver bars and rounds have taken over. Draper Mint, Foster Mint, Engelhard, Matthey, Yellow Daisy, B.R. Mckay, etc .
Allengelhard
Some people cannot be taught, told or made to understand unfortunately! Great video!
Agreed. Something about leading horses to water...
Oh, and you are my go to for keeping me up to date on the actual numbers. I appreciate what you do!
As a resident in Northern Florida, I also can attest that the poster who states Florida LCS do not buy Silver rounds is completely false. I even called the Tampa area and was offered spot for rounds.
Do not buy generic rounds unless you plan on a long horizon,I always buy government silver or gold,you cannot time the metals market.I bought silver eagles in the late 1980’s and early 1990’s for $4.99 to $5.25.If you want to buy to hold your wealth put them away and forget about them,and check every 5 to 10 years.
MATH is hard.
HOW do magnets work? 😂😂😂😂
In all seriousness, another solid video!
I'm buying gold/silver for my grandkids. It is ballast for my portfolio. During a storm, ballast is critical for keeping the ship stable.
In today's financial market - if you buy silver today you should not buy silver if you plan to sell your silver for dollars. The whole point of silver today is that the US dollar will collapse and on this basis you should expect to use silver for barter or whatever new currency is stablilized.
💯 percent
The most likely scenario is that the currency will still be dollars but will be extremely devalued. Wouldn’t you agree with that?
@@kyleinpa5285 I would agree at this time. Nothing would surprise me anymore though.
I will sell in dollars and I don't care what youtube commenters with a degree from "youtube university" have to say on the matter.
@@MrLTiger Good for you.
I appreciate your unique channel with its "coinshop calls", price comparisons, data etc, that answers questions that we all have but not able to gather for a myriad of reasons.
Who knows... some of these people could be hacks that make negative comments or false claims.
I’ll keep watching. always learning from your channel. Keep on keeping on!
This past Friday 3/22, I walked into my coin shop and the gentleman at the counter was completing the purchase of a monster box of silver rounds. I bought a tube of silver rounds and you are correct the premium is low. at $1.65 for me to buy.
As someone who is new to silver investing, I think your videos are awesome and extremely informative. Keep up the good work. You truly are an asset to many of us.
This is a great video. Not only does it show they are buying, but it shows what one can expect on selling. Really makes you have to wonder if paying the price extra premiums for eagles is worth it or to go for the cheaper rounds. Honestly, I want them both so I don’t have the answer
There buying eagles all the time here in Minnesota. Ok after that dealer said hes paying only $26.67 on eagles. Roughly $1.50 over spot. Ok i will do the same. I also will do the same on libertads. Thx seeker love your channel btw.
My philosophy, I just want silver at the best price. Your calculator validates my opinion! Love my rounds!
Your channel is my favorite silver channel
Cost averaging comes to mind. If you watch the market daily and try to time your buying on the dips you truly can get the cost of your stack down. I also agree that silver is a long term store of wealth. I personally don't plan to sell anything off for at least 10 yrs. Alot can happen in a decade.
Two people said that Africa and Australia you can't get a ounce of silver for less than $50,$55 USD.
No channel is for everyone, so people need to stop expecting them to be that, because they are not. That said, Seeker, you have an excellent channel IMO and I have learned some things
and been very well entertained by what you present to us viewers. It's not as if watching your videos costs us anything. Some people act as if you OWE them something when you do not.
If this viewer is so great himself, he should start a channel and do it better than you do. HA! Not happening. lol
As for needing a $40 silver price to "break even", I am ROTFLMAO. I bought most of my stack when silver was $14-$15 an oz. and the premiums were $2-$2.50 an oz. My breakeven price
is WELL below $40 or even $34 as some suggest. But then, timing does enter into this. Anyone who bought very recently doesn't have the fat price cushion that I do. This is the way it is
with buying many assets. The early adopters have a big advantage over the late comers. Do I need to apologize for getting into silver earlier than some others? No, I don't and I'm not
going to do that because there are people who got into silver much earlier than I did and have even more profit potential than I have... and GOOD FOR THEM! I am happy for them and
the great example they set.
My favorite local gunshop accepts ALL silver as legal tender - rounds included.
That makes sense. Before long he may accept Bitcoin (or some crypto) as well.
I think your argument that it's better to buy rounds over eagles is also proven in this video. I think you showed a buy back spread of $1.65 on average. I forgot already. I think the retail seller will have a greater spread between rounds and eagles when selling them to the public, on average. You've already gone over this, but, you just did a very good test case. Thanks bro!
Are the buy/sell spreads on 10oz and kilo bars tighter than rounds?
I have never paid over 30 per ounce my LCS has to make a buck he his cost's to run his shop i have no problem with that.A true stacker NEVER SELL'S.IF i don't make money on my stack my kid's will.That's the point of stacking.
A Montana shop I visited this weekend was paying $1.50 over for ASE and selling the for $4 over. Rounds they were buying for .25 over and selling at $3.75 over. Just posted the video on my channel.
I backed up the truck at the end of 2018, through 2019, and into 2020 … then I stopped buying. My stack has all most doubled in value, due to inflation .…
Yeah when I saw the spot prices were way down, I tried to buy them, and they jacked the fees up, I figured they didn’t want to sell them, knowing they paid more for them just days or weeks earlier.
Could you imagine going into a bank and depositing $100 cash and the bank saying they only accept $98.00 for that.
i was told over a year ago from shops was they stay away from silver rounds and gold bars due to counterfeit concerns. "stick to gold rounds and silver bars" according to them.
They are crazy easy to test for any coin shop bud... in fact ita easier to test rounds than bars
just going off of my experience when trying to sell. shops didn't want gold bars. wouldn't buy them even in sealed packs so no, not so crazy. @@SilverSeeker
@@BStowe99 I didn't say they were crazy, I said Bars and Rounds are crazy easy to test. For a shop that does this for a living, they should have a way to properly test their bullion, and if they don't I wouldn't want to buy from them anyway.
Seems like there’s a bunch of trolls trying to downplay the value of metals are they paid off? Who knows?😂
I am in Canada. I love factual information, which you do a wonderful and thorough job of providing every video. I trust you. Your message is verifiable by anyone who wants to doublecheck. The truth is still the truth. Keep up the truth telling. Your wider audience hears you and takes appropriate action. Have a great day.
I've always done well in both the silver and gold markets because #1) I never sell to dealers, only retail buyers via eBay #2) I realize that the markets are manipulated by the Big Boys, so I trade accordingly(I sell when they pump it and buy when they dump it) #3) I've developed an objective way to determine when the price is high or low, and 4) I make trades based on a reliable system to time my entries and exits. If you don't have a proven system for buying and selling then your trades/timing will be random and lead to disappointment. Just know that when you sell to a dealer you are paying for his expenses and profits - don't do that!
You're doing great bro, this channel has actual value. The information is usable in the real world.
Just want to thank you for the information. I subscribe, although I'm not always here, your information..... good and bad, is always there.
And like myself, you double check.
Thanks again.
Honestly I'm new to all this and your channel is helping me out I'm buying to hold just in case anything weird happens.
(Washington state, South side of Seattle)..... I occasionally go to my local shop just to keep up appearances so they see my face and get used to seeing me in case I ever did need to sell silver and I'll take some junk silver or something I don't really care about and I'll sell like an ounce or two or a couple of Dimes or something.. Long story short, they are offering 1.50 over on ASE.. Spot on rounds unless they are certain ones, they have a list on the wall for that.. But what surprised me was the lady who runs the place has a thing for britannia's or British silver in general and Krugerrands, she offered me 2.50 over on them... Guess she was low and needed to stock up, and I made her day by selling her a tube of each ( hopefully it scored me some brownie points for the future😂)... I just turned around and got some more silver form SD bouillon and made a few bucks to get some %90 silver with 😋... Anyways, thanks for the video as always, it really does help me finding out what the sediments like out there.. 😎✌️
Well done video, well executed and produced. Ignore angry trolls. The only life they have is to say nasty things on social media because real living people ignore them face to face.
Your phone call vids are so informative and eye-opening. It behooves one to really shop around.
Thank you. I appreciate your videos. Like you, I didn't buy silver to turn around and sell, but it's good to know in case something happens and I need to. Keep up the great work!
I live in Florida and I have no problem selling any silver or gold.
I would never sell my silver to a dealer unless it was a majo emergency.
One thing to remember is that coin shops may tell you one thing over the phone but when you arrive in person they may tell you something else. Some of it is a ploy to get you into the shop hoping you may buy something if they have deals or reduced premiums. Stick with reliable sources. I have one shop that I trust and have developed a relationship based on trust.
I’ve been commenting a lot that paying big premiums for minted currency is not usually worth it. You have to satisfy the metal market AND the collector market at the same time. Not worth it.
Love your channel: it’s fabulous. You are so honest and level headed. 👍👍👍👍
Sir you are 100% CORRECT!
I’ve not had these problems, but worse case you can melt down to gram coins for a profit, better yet into unique art, but long term silvers basically a no brainer with the current economic system
Those kinds of people just look to push buttons and get reactions. But what I always like to say is exemplified on this channel: data doesn't lie. Keep up the honest work
I had no problem selling my rounds at a premium in upstate South Carolina recently.
I attend auctions and estate sales regularly. I see so much silver being auctioned and it makes me scratch my head as to why. Sellers are paying the auction or estate company 25% to 45% commission on the sale, when they could shop a local coin dealer for a fair sale price. Give family members a heads up on the smart way to sell, if you die.
A coin shop in Texas -- buying rounds at .75 back of spot. They've been buying from a lot of people who are selling because of the tight economy -- a customer in the shop was nodding agreement.
The silver premium is too high right now. Its driven by fake supply demand issues and until that resolves and brings it back in line im done with silver.
Cant believe how the premiums changed so drastically on silver eagles. So many people lost tons of money paying 15 to 20 over spot and now getting only 1 over when selling. So glad I don't own any and didn't get burned.
Yesterday I sold all my silver, coins, bars etc... I got almost $5k. I bought most from 2018-early 2024. Seeing that silver takes too long to profit. I decided to turn my silver money into gold and purchased a 50 pesos gold centenario and a 20 pesos gold coin. I took about a $200 loss on the silver.