Anonymous wrote:Anonymous wrote:Anonymous wrote:
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.
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.
Usually they run short positions to hedge the price fluctuation of current inventory.
Anonymous wrote:Anonymous wrote:
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.
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.
Anonymous wrote:
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.
Anonymous wrote:I’m not in silver but I’m continuing to buy gold.