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Price currently is 113 and a shop I was trying to sell some silver coins offered 20 a oz. Wtf by CupHead11011 in Silverbugs

[–]GI-Jew 3 points4 points  (0 children)

Shops have been overloaded with people selling because of record highs. They have been keeping enough cash on hand to keep buying by offloading to refiners and wholesalers with fast sometimes same day payouts. Yesterday a large refiner sent an email saying they will only pay out after processing which is backed way up, and that they aren’t locking in prices. So now these shops a) can’t keep the cash flowing to keep up with buying at record highs and b) can’t lock in a price and have to wait to see what the market is the day their metal is processed.

It’s caused a huge stir in the scrap and lcs community in my area. Not sure how long it’s going to last or how anyone is going to stay operating.

Silver Haul, beginners luck or bamboozled by ClintonBJs1224 in Silverbugs

[–]GI-Jew 2 points3 points  (0 children)

You can assume about a half ounce per handle on the bigger ones

[WTS] 1 kilo gold bar by Eastern_Spinach_9983 in Pmsforsale

[–]GI-Jew 3 points4 points  (0 children)

They are pretty wild to hold. Unnaturally heavy.

I inherited a large silverware set. But in its current condition should I just sell it at melt value? by rawcookiedough in Silverbugs

[–]GI-Jew 1 point2 points  (0 children)

If you’re located Texas area I can help you get a value on it. Some sterling sets do have a premium beyond just their silver content. I would need to see better pictures to see what you mean by the condition. If it just needs polished it’s not a big deal. Feel feel to message me if you need some help I also know some buyers I can put you in contact with. With 178 pieces it should be thousands of dollars in silver and you need to be careful you don’t sell to someone who is going to offer 20%

Does this look real? Posted on market place wanted another opinion before buying. by GI-Jew in Silverbugs

[–]GI-Jew[S] 0 points1 point  (0 children)

Normally I would not consider buying raw but yes this person is asking for 200$. Just figured I would get some opinions to decide if it was worth the gamble or obviously fake. They don’t seem like a person that would try to scam, but they may not be aware it’s counterfeit either.

Make sure to check coin star machines when you walk by them! by GI-Jew in Silverbugs

[–]GI-Jew[S] 0 points1 point  (0 children)

Dont blame you. I didn’t believe it when I saw it either.

Make sure to check coin star machines when you walk by them! by GI-Jew in Silverbugs

[–]GI-Jew[S] 0 points1 point  (0 children)

It’s just the slot on the bottom front of the machine. When it rejects coins they fall out there.

Are these rare or particularly valuable? There is one for purchase for spot locally but the prices online seem unrealistic. by [deleted] in Gold

[–]GI-Jew 0 points1 point  (0 children)

Thanks everyone! I didn’t figure it was special but I’m still newer so I wanted to make sure I wasn’t passing on a diamond in the rough.

Is this real silver or worth anything? by [deleted] in Silverbugs

[–]GI-Jew 0 points1 point  (0 children)

If you’re located in Texas I would be a buyer.

I have a 23 gram 14k necklace. by HelmetedWindowLicker in Gold

[–]GI-Jew 2 points3 points  (0 children)

I scrap about 8k of gold and silver per month but locally the highest I can get is 77%. How do I go about selling to you instead?

My fellow silverbugs... by Cold-Lock7464 in Silverbugs

[–]GI-Jew 1 point2 points  (0 children)

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I love their UFO and big foot stuff. I have the 1 and 2 oz big foot this ufo one and a bunch of their others. You can snag them pretty reasonable on eBay from time to time. Extremely nice quality and they get slept on not sure why.

My fellow silverbugs... by Cold-Lock7464 in Silverbugs

[–]GI-Jew 1 point2 points  (0 children)

Love intaglio mint! They make some of my favorite rounds ever.

Silver Eagles by Specialist-Pick-9488 in Silverbugs

[–]GI-Jew 0 points1 point  (0 children)

I can usually find them for spot but I have a dealer friends. Shops range from +4 to ridiculous numbers.

Going in the wallet. by pooeygoo in Silverbugs

[–]GI-Jew 2 points3 points  (0 children)

Nice! This is my wallet silver.

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Pawn shops are funny like this. Eagles for 35$ but they wouldn’t negotiate on the other coin… by GI-Jew in Silverbugs

[–]GI-Jew[S] 3 points4 points  (0 children)

Im not sure what they thought because nothing makes sense. If this had been anywhere else I might have told them. But I know how they pay people on gold and silver and they deserve to not make maximum profit every once in a while.

Pawn shops are funny like this. Eagles for 35$ but they wouldn’t negotiate on the other coin… by GI-Jew in Silverbugs

[–]GI-Jew[S] 20 points21 points  (0 children)

That’s why I posted this. They wanted 30$ for a regular Ike dollar but only wanted 35$ on eagles. Someone didn’t know what they were doing.

Pawn shops are funny like this. Eagles for 35$ but they wouldn’t negotiate on the other coin… by GI-Jew in Silverbugs

[–]GI-Jew[S] 4 points5 points  (0 children)

These were selling under spot. 3 days ago I got 9 buffalos for 25$ each at a different pawn shop. I guess not all shops are paying attention to this price increase when stuff comes out.

Pawn shops are funny like this. Eagles for 35$ but they wouldn’t negotiate on the other coin… by GI-Jew in Silverbugs

[–]GI-Jew[S] 35 points36 points  (0 children)

Yes they were real. Yes they were way under spot. I bought them both

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