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- - What is the current going premiums paid for junk silver coins? (http://goldismoney.info/forums/showthread.php?t=255324)

Punchy | 04-09-2008 11:40 PM
What is the current going premiums paid for junk silver coins? What are the current going premiums on junk silver coins? I'm trying to get an idea of the current going rates. You can list percentages for just those coins paid for in your area or for percentages that you've seen nationally. What is the current going premium paid in for "junk" 90% silver dollars (in percentages)? What is the current going premium paid in for "junk" 40% silver dollars (in percentages)? What is the current going premium paid for "junk" silver halves (in percentages)? What is the current going premium paid for "junk" silver quarters (in percentages)? What is the current going premium paid for "junk" silver dimes (in percentages)? What is the current going premium paid for "junk" 35% war nickels (in percentages)?

Renegade | 04-10-2008 01:45 AM
Re: What is the current going premiums paid for junk silver coins? Premiums? What Premiums? I pay spot or less for everything but Silver Eagles, and 2 bux is my limit there! Renegade

Firenhole | 04-10-2008 02:03 AM
Re: What is the current going premiums paid for junk silver coins? Quote:
Originally Posted by Punchy (Post 1054899) What are the current going premiums on junk silver coins? I'm trying to get an idea of the current going rates. You can list percentages for just those coins paid for in your area or for percentages that you've seen nationally. What is the current going premium paid in for "junk" 90% silver dollars (in percentages)? What is the current going premium paid in for "junk" 40% silver dollars (in percentages)? What is the current going premium paid for "junk" silver halves (in percentages)? What is the current going premium paid for "junk" silver quarters (in percentages)? What is the current going premium paid for "junk" silver dimes (in percentages)? What is the current going premium paid for "junk" 35% war nickels (in percentages)?
APMEX is charging 13X face for 90% $1000.00 bags. Go to www.APMEX.com and do some leg work! Firenhole

goldminer | 04-10-2008 03:52 PM
Re: What is the current going premiums paid for junk silver coins? A lot of 90% silver coins trade at +/- 5% of current spot (or +/- 5% of the value of the silver in the lot of coins at current spot) ....depending on the dealer, supply, and demand. The coins are traded at a # times the total face value of the lot of coins in dollars. To determine the current value (at what fair price) the coins will trade, multiply .715 times the current spot price of silver. This answer will give you the number that is multiplied times the face value of the lot of coins in dollars = the value of the coins. i.e. Say the current spot price of silver is $18.25, and you have a lot of 90% dimes, quarters, or halves, or any combination of these coins with a total face value of $7.50. $18.25 (spot) x .715 (oz. of silver in an "average" circulated lot of coins totaling $1.00 in face value) = 13.04875...rounded off to 13.0. 13.0 is the number that multiplied times the face value of the lot of coins ($7.50), = $97.50 (the value of the silver that the coins contain). A more commonly way this is said is that the lot of coins will trade at "13 times face" (13 times the total face value of the lot of coins)....if the dealer is trading at the spot value of the silver the coins contain. Sometimes dealers don't trade at this amount but rather (as stated earlier) at + or - 5% of this amount, depending on the dealer, supply, and demand for the coins.

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