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Reply to "How high will.silver go?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous] Where can I sell Morgan silver dollars for maximum value? I have a bunch of these. Each has 0.77344 ounces of silver, so $85.40 worth of silver with spot price where it is ($110.42/ounce). I called two local coin stores today and was told they still are paying only $60 for circulated condition Morgan dollars and haven't adjusted what they're willing to pay yet due to volatility of silver spot price.[/quote] I don't blame the coin stores...silver has shot up $40/ounce in just the last month. They don't want to pay you $85 just to turn around and try to sell it in a month when silver possibly drops $40/ounce. They need it to settle at these levels to feel comfortable raising their price.[/quote] Usually they run short positions to hedge the price fluctuation of current inventory. [/quote]
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