2 votes

Where to get junk silver?

All over eBay the prices on 90% junk silver seem to be outrageously over what it's worth. A roll of 90% quarters is worth about $206 right now, but of course they are like $250 and higher for worn circulated crap. $206 assumes they are the weight they were when they were minted, which doesn't apply to circulated currency over 50 years old. Then you have the uncirculated or lightly-circulated crap that is going for $350-$400. I can see spending around $260 for the newer uncirculated proof state quarters, but not that much for old, circulated, worn crap. Does anyone have a source where to get small amounts of this stuff for about melt value? Even the bulk bags (which I could never afford, but this statement is for a point) are insanely overpriced and you don't get any bulk discount. It seems the prices aren't shrinking with the spot price. BS to me.



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Liberty Coin and Precious Metals

Check them out, great prices, no minimums. APMEX,NWTMINT, Etc have large minimums

Phew. $17 shipping. It's

Phew. $17 shipping. It's almost to the point where any precious metals are going to be like how gold is out of reach of people like me. Maybe I'm just being stingy.

Please come join my forum if you're not a trendy and agree with my points of view.

Buy in bulk if you can - it

Buy in bulk if you can - it is cheaper. Also, Apmex and others are great places to buy.

Not possible. I live

Not possible. I live paycheck to paycheck and I just splurge when silver is low in place of other luxuries. I'm really not seeing how buying larger amounts is cheaper. I am seeing quite the opposite.

Please come join my forum if you're not a trendy and agree with my points of view.

ecorob's picture

You are joking, right?

Surely you would not pay $260 for uncirculated "state" quarters that cost about 1 cent to make? Are you saying the "proofs" are .999 silver?

ebay is a better indication of the truer value of silver vs. the suppressed price you see given by the ptb every day.

This truer indication, itself, will soon be eclipsed when the shtf.

You better get all you can, wherever you can, right now and leave that "metal that tarnishes overnight when left outside" junk to the sheeple.

its 'cos I owe ya, my young friend...
Rockin' the FREE world in Tennessee since 1957!
9/11 Truth.

No, the mint made 90% silver

No, the mint made 90% silver state quarters alongside of the normal circulated quarter.

Please come join my forum if you're not a trendy and agree with my points of view.

Supply & Demand...

In action. "Junk" Silver is in high demand, people are catching on, they don't make it anymore. Just get what you can at any price now, it will cost more later.

Go to

google, type in this "coin shop near your zip code." Go there and pay cash. They are usually about 5% over spot, but you can usually get constitutional silver cheaper if you buy enough or use your words correctly.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

Why would I ask if I could

Why would I ask if I could just drive to some shop? I don't have transportation and taking a cab would just put me where the rolls online cost. Your last statement sounds like some kind of baiting to buy their newsletter Porter Stansberry statement and is not really helpful. I expect I should only have to pay spot because they are worn and underweight.

Please come join my forum if you're not a trendy and agree with my points of view.

If you would have stated in your post

that you don't have transportation then I would understand why you feel offended, take into mind that I am no mind reader. In no way do I advise you to buy anyone's newsletter, it is better if you research things yourself, but when buying silver all you need to know is the melt value at the time of purchase (this is when your cell comes in handy.)

If you expect somebody who is in the market to sell any type of silver at spot you will be disappointed. When you buy silver you will always be paying over spot, and will only be able to sell it back to them at spot if you ever need extra cash.

When I said you can get a better deal if you know how to use your words, I meant don't walk in there like you are green or they will try to pinch every penny outta you, that's just how it is, but since you only have the option of purchasing online that will not be a problem because the price is not negotiable on the net.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

When I buy an ounce of silver

When I buy an ounce of silver in perfect condition I expect to pay over spot. When I buy an ounce of silver that has some weight worn off, and it's visibly used and worn, I expect to pay spot or less.

Please come join my forum if you're not a trendy and agree with my points of view.

Well,

I am just telling you that you are not going to get what you 'expect.' The market determines everything and when people are buying, premiums tend to be a little bit higher, and when you buy online you have zero wiggle room to negotiate the premiums. Good luck with finding a seller with your expectations. I would say if you want to buy at spot Craigslist would be your best option but then you would need transportation.

*edit Also, all circulated silver coins already have the wear factored in. The silver community already concluded that a $1000 face value junk silver bag only contains 715 oz of silver when is should be something on the order of 723 oz of silver if the coins were uncirculated.

http://www.silvercoinstoday.com/silver-coin-price-guides/90-...
Cheers

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

If they supposedly already

If they supposedly already factored in wear than the premiums are more outrageous than I thought. I think most people just look on coinflation, multiply by how many in a roll, and add $50-100.

Please come join my forum if you're not a trendy and agree with my points of view.

Why add

$50 - $100? All you do is multiply by 3% - 5% then add it to the total. Right now a roll of dimes is at $103.37 If you factor in a 5% premium it is only $108.54, and at 3% it is $106.48.

Now if you make a large purchase in person you can always negotiate the premium. If you bought 20 rolls of dimes it would run you $2067.48. Factor in the 5% premium and the total comes to $2170.85, a difference of $103 give or take a few cents, but again you can talk the premium down a couple % and only pay a $62 dollar difference from spot.

Premiums do suck, but the people who sell are in it to make money. They buy and sell when ever a customer wants to buy or sell. They gotta make a profit at both the highs and lows and the premium is where they are guaranteed to make money.

Look at it this way, if there wasn't a premium, what do you think coin dealers would do? Most likely they would only sell at the highs, and at the lows they would just hold onto it until they could sell at a better price, which would drive the price up because of the lack of supply.

Premiums are a necessary burden imo.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

People are making plenty of

People are making plenty of money, believe me. It's not like they just bought the things at those spot prices and decided to flip them for more. They've been sitting on them for years, since spot was likely $5. Most of them probably came from bank rolls during roll hunting sessions years ago and they only really paid face value for them. If you see some roll of all 1964 uncirculated quarters, you can be sure it's some old person selling them who's been sitting on them since then.

Please come join my forum if you're not a trendy and agree with my points of view.

Individuals yes,

but there is a lot of money to be lost for the dealers if they buy 1000oz at $35/oz and then the next day have the bottom fall out and sell double that at $29/oz

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

Then they should buy low and

Then they should buy low and sell high. They should just not sell if the price goes too low. People have the power to just not sell.

Please come join my forum if you're not a trendy and agree with my points of view.

They could do that,

but I don't understand why you argue for it. It is much cheaper to pay the 5% premium at $28/oz than not pay the premium & buy at spot when they sell high at around $32 - $35/oz.

“When a well-packaged web of lies has been sold gradually to the masses over generations, the truth will seem utterly preposterous and its speaker a raving lunatic.” – Dresden James

Because this premium is not

Because this premium is not 5%. That's the point. It's 20-30% or even greater.

Please come join my forum if you're not a trendy and agree with my points of view.