I'm not imaging this, am I?

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I'm not imaging this, am I?

Postby neilgin1 » Sun Mar 20, 2011 9:45 pm

but it seems to me, that even bidding on 90 rolls is just more intense,

there seems to be a disconnect between the board price and the real (retail?) price.

Quality rolls are dissappearing, it seems to me, to hard to find ASE;s w/o a hefty premium.

short and sweet, silver, by dint of that rumoured settlement letter, silver WANTS to trade at 50, and in my opinion, that seems to be the sprimg board to 75 to 100.

has anyone else noticed this?

neil
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Re: I'm not imaging this, am I?

Postby Pachucko » Sun Mar 20, 2011 10:50 pm

neilgin1 wrote:but it seems to me, that even bidding on 90 rolls is just more intense,

there seems to be a disconnect between the board price and the real (retail?) price.

Quality rolls are dissappearing, it seems to me, to hard to find ASE;s w/o a hefty premium.

short and sweet, silver, by dint of that rumoured settlement letter, silver WANTS to trade at 50, and in my opinion, that seems to be the sprimg board to 75 to 100.

has anyone else noticed this?

neil


I think there's always been somewhat of a disconnect, but yes, it seems to be growing. I'm thinking the rise to 75 and 100 won't happen so quick, but maybe I just can't wrap my mind around it yet (I thought we'd have a real good correction long before now, and I was dead wrong about that).
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Re: I'm not imaging this, am I?

Postby aristobolus » Mon Mar 21, 2011 1:06 am

I agree that Ebay prices are definately often five to ten percent higher than melt value; 90% Silver dollar "junk" routinely goes for twenty percent above melt. I think, however, that there is alot of territory to be had up to and in the 40's before we reach $50.00 and higher. But the future looks silvery bright!
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Re: I'm not imaging this, am I?

Postby IdahoCopper » Mon Mar 21, 2011 5:18 am

Last week I sold 200 Canadian 80% quarters on eBay for only 83% of melt value, $850. Then FeeBay took $61, and Paypal took $24, and shipping w/insurance was $15.

I'm done with eBay.
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Re: I'm not imaging this, am I?

Postby aristobolus » Mon Mar 21, 2011 5:53 am

IdahoCopper wrote:Last week I sold 200 Canadian 80% quarters on eBay for only 83% of melt value, $850. Then FeeBay took $61, and Paypal took $24, and shipping w/insurance was $15.

I'm done with eBay.


Sorry that happened. Did you have them listed under Canadian Quarters only? Sometimes it pays off to list such a lot under either Silver Bullion, or even under U.S. Quarters. But I understand your frustration.
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Re: I'm not imaging this, am I?

Postby 97guns » Mon Mar 21, 2011 8:54 am

IdahoCopper wrote:Last week I sold 200 Canadian 80% quarters on eBay for only 83% of melt value, $850. Then FeeBay took $61, and Paypal took $24, and shipping w/insurance was $15.

I'm done with eBay.



i dont know why that is but it does seem to happen to me too. when spot hit 26 i sold off some spare junk dimes and quarters. i sold around 10 lots and did not get over spot on any of them. just this weekend i was buying morgan/peace dollars and had to bid $2 above spot to win anything.
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Re: I'm not imaging this, am I?

Postby beauanderos » Mon Mar 21, 2011 9:18 am

Not sure what to do with my Canadian face silver, I have a couple thousand dollars I'm sitting on from years ago... suppose I will just hold it until silver hits a hundred an ounce or so, by then all forms of junk will be in much greater demand. The only trouble with Canadian is just that people aren't as familiar with it, so it limits your market. As far as the original post goes, yeah, newbies on ebay are bidding up the junk, in all forms. Part of the reason for that is the use of the various rebates and discounts available, which pretty much allow you to go five percent above melt and still get it at spot. But we're seeing backwardation on ebay too, people are willing to pay a bit more just to have the silver, never knowing if it will still be available down the road... and thus too nervous to await the possibility of a pullback. I ordered rounds from three private mints a month ago and was just notified that one of them just shipped. Tulving has decent prices, but their minimums are too high for dollar cost avging.
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Re: I'm not imaging this, am I?

Postby Mossy » Mon Mar 21, 2011 1:59 pm

beauanderos wrote:The only trouble with Canadian is just that people aren't as familiar with it,
I tend to shy away from Canadians because the "unsilver" looks exactly like the silver. I gotta get one of those scales and put together a notebook.
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