The Chip Board
Custom Search
   


The Chip Board Archive 25

Re: Question John ...
In Response To: Question John ... ()

When silver is at about $17 the .6 oz of silver in a strike is worth $10 - face value. Most coin dealers are going to give you a percentage of silver value so you may be lucky to get your money back since they want to make a profit also. Of course silver strike collectors may give you more. The same with Ebay. I have never priced any silver with dealers but most will only pay about 70% of value on gold. There are foundries that will scrap gold and silver and pay very close to 100% but most require business licenses and issue 1099's for whatever you sell them. Fortunately I have a guy that frequents the monthly flea market here who pays me 90% for my scrap gold. That is okay for me since I try to pay very little for the stuff I give him. For example I bought a pair of 10K gold antique glasses and a 10K gold pinback for $4 total today at two estate sales. Both are scrap for me since they just would not sell at the antique mall. The 8 grams of gold in them is worth about $160.

Messages In This Thread

Silver finally back above $17
Way back when the Hunt brothers did their thing ~~
Anyone remember this great deal in Numi-News?
Back about then....
My brother was their broker! vbg
Question John ...
Re: Question John ...
That is what I thought John, Thanks!

Copyright 2022 David Spragg