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I usually enjoy waking up on Saturday and Sunday and looking at all the deals on RC and BS but with these low spot prices not many people are selling.

With silver being so low, I think most people are upside down. No one likes to sell at a loss including me. If people are selling now it mostly means they need to raise capital to replace a refrigerator or repair a car. Just saying.

It's different in the collector (semi-numi bullion) market. Prices have come down a little, and sellers are more willing to accept best offers, on rare art bars, limited edition rounds, fancy-schmancy coins, Tiffany-like masterpieces, and the like. The exception is Perth Mint products, who, "bless them", seem to have their marketing strategy down. I've been selling or trading ordinary bullion for more desirable (at least to me) pieces for some time now during these "doldrums" and been very happy. In years past, I used to stock up on generic silver at times like these, with no care in the world toward what was featured on the obverse or reverse, but things change once a core stack is built and one can go about an inventory of what one has, getting rid of extras they don't need, dinged or damaged items, or worn or toned stuff that has been upgraded/replaced. I'm certainly not advocating the giving up of sweet deals on ordinary bullion, however. If it gets any lower, supply might dry up, I dunno, but the collector pieces will always be there, responding in lagged fashion to sustained drops.

Coin shows are still a good place to buy/sell/trade...yesterday I picked up a small bag of mixed 90% halves at 14X, contained 3 Barbers, 1 Seated Liberty, and an 1893 Columbian Exposition.. the SL was a slick, but it's the only one I ever got in a 90% buy.

What I see is what I've always seen...the larger dealers more closely follow market and spot. Smaller retailers make it up as they go along.

The guy at my local flea market buys at $10 to $1 face, and sells at $20. He gives me a "deal" at 17. Once in a while I'll get bored and buy 10 dimes anyway

I think the only listings you are going to see are from big buyers, who have ready below-market-price sources from where they can obtain them, and are
ready and willing to flip (at great prices)... confident that they will be able to get more even more cheaply to replenish their stock. Those who own coin
shops are in a position to do this, stackers would just lose money if they attempted to follow suit

At the point in time where the regular big listers slow down with their posts... then you know that supply is beginning to dry up again.

Increased pricing will invariably follow diminished supply

Morsecode wrote:The guy at my local flea market buys at $10 to $1 face, and sells at $20. He gives me a "deal" at 17. Once in a while I'll get bored and buy 10 dimes anyway

The dealer at my local flea market is selling at 18x face and I thought that was brutal--but 20x