SILVER FOR SALE !!! PRICE REDUCED

erwin643 · Mar 29, 2020

Republic Metals Company-minted investment-grade bullion, .999 pure, in one troy-ounce rounds.

PRICE REDUCED: $20.00 per round.

Call Jerry at 360-356-1385, or

[email protected]

RangerArms · Mar 29, 2020

I've been a silver-stacker off and on for about 5 years and right now I can't figure out why the actual spot price for silver is not keeping pace with the high premiums. Usually it's around a dollar over spot for generic rounds and about $3-5 over spot for silver eagles and the like. If there is such high demand for the silver right now, why isn't the spot price matching the going rate?

oregunbob541 · Mar 29, 2020

Local coin store near me sells rounds for $1 over spot....

erwin643 · Mar 29, 2020

RangerArms said:
I've been a silver-stacker off and on for about 5 years and right now I can't figure out why the actual spot price for silver is not keeping pace with the high premiums. Usually it's around a dollar over spot for generic rounds and about $3-5 over spot for silver eagles and the like. If there is such high demand for the silver right now, why isn't the spot price matching the going rate?

You're comparing two totally different markets: The global spot price (dependent on the amount of silver used in manufacturing, etc.), and the local, physical market (gun shows, flea markets, ads, coin stores, etc.) where the crowd is affected by totally different sets of psychology.

Tell you what: I'll drop my price by one dollar. I'm not in a hurry to move this last 20-round sleeve.

RangerArms · Mar 29, 2020

Please don't misunderstand, I was not attempting to get you to drop your price...I'm not actually in the market at the moment. I was genuinely interested in the reason for such a spread between spot and the going price. You're actually slightly lower than APMEX and other online sources. I started watching the market when this big scare started and saw that spot went down around $13 so I considered buying in again. Then I saw premiums go way up overnight. I guess I didn't understand what drives spot prices and that it doesn't necessarily reflect street prices. Anyway GLWS!